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1 week ago | 
fortuneindia.com | Chitranjan Kumar
Hotels-to-consumer-conglomerate ITC has announced two more acquisitions as part of its strategy to expand its dominance in the fast-moving consumer goods (FMCG) sector. The conglomerate has inked a deal to acquire 100% stake in Sresta Natural Bioproducts Pvt Ltd, the owner of 24 Mantra Organic, while it plans to increase its shares in Mother Sparsh Baby Care to complete ownership.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
Adani Ports and SEZ (APSEZ), India's biggest private port operator, on Thursday said it has got its board approval to acquire a coal export terminal in Australia in a $2.4 billion non-cash deal. The acquisition is expected to strengthen billionaire Gautam Adani-led firm’s presence in the Asia-Pacific region and further enhance its global transport and logistics footprint. It will also fast track its journey to handle 1 billion tonnes per annum by 2030, APSEZ said in a release.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
Notably, its Bengaluru-based rival, Swiggy, had also changed its registered name from Bundl Technologies to Swiggy Private Ltd nearly 10 months before filing its draft red herring prospectus (DRHP) with the market regulator SEBI. Post listing, it converted from private to a public company. In January this year, Aadit Palicha-led Zepto also moved its domicile from Singapore to India to establish its headquarters in the country to align with IPO norms.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
Shares of Waaree Renewable Technologies (WRTL) had a stellar run this week, with the stock price rising as much as 37% in just four sessions, defying volatility in the broader market. The strong rally in WRTL shares can be attributed to strong financial position characterised by growth in topline and healthy profitability margins, along with a robust order book.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
Information technology (IT) stocks witnessed sharp selling on Thursday, with all index heavyweights sinking in red as Wipro’s weak guidance after its March quarter results left investors jittery. The Bengaluru-headquartered company in its earnings call said that client spending deteriorated toward the end of March quarter, and the coming quarter (Q1 FY26) could see further impact.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
The Indian stock market is expected to open lower on Thursday amid mixed cues from global peers, and weak trends in GIFT Nifty futures. At 8:20 AM, the GIFT Nifty index was down 90 points, or 0.38%, at 23,378, indicating a gap-down opening for the equity benchmarks BSE Sensex and NSE Nifty. The Dalal Street will see stock specific reaction as Wipro released its Q4 results post market hours, while Infosys, Jio Financial, HDFC AMC, HDFC Life will unveil their earnings reports today.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
As per the Bengaluru-based company, the IT services segment revenue stood at $2,596.5 million in Q4 FY25, down 1.2% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY). In constant currency terms, IT services revenue decreased 0.8% QoQ and 1.2% YoY. Fortune India Latest Edition is Out Now!Read Now“We closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
India’s retail inflation, measured by the Consumer Price Index (CPI), cooled to 3.34% in March 2025, marking its lowest level in over five-and-a-half years, better than market forecasts of 3.5%, setting the stage for the country’s central bank to cut interest rates again in the June and August policy meetings. With the latest print, the annual CPI for FY25 stood at 4.63% as against average CPI of 5.36% in FY24 and 6.66% in FY23.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
Shares of Indian Renewable Energy Development Agency (IREDA) rallied over 7% on Wednesday after the state-owned company reported robust earnings for the fourth quarter ended March 31, 2025. IREDA shares have maintained uptrend for three sessions, adding over 18% amid hopes of strong Q4 results. Continuing its gaining streak, IREDA shares jumped as much as 7.4% to ₹179.50 on the BSE, extending previous session rally of 8.4%.
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1 week ago | 
fortuneindia.com | Chitranjan Kumar
Weighed down by the development, Gensol Engineering share price dropped 5% to touch its fresh 52-week low of ₹123.65 on the BSE, while its market capitalisation slipped to ₹470 crore. The microcap stock has fallen 32% in six trading days, while it is down 89% from its 52-week high of ₹1,125.75 touched on June 24, 2024.
