Business Upturn

Business Upturn provides updates on news from India and across the globe. It includes a diverse selection of topics such as business, entertainment, sports, real estate, national and international affairs, as well as luxury, travel, and tourism.

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Paul Merchants Finance launches new financial products to strengthen lending portfolio

2 days ago | businessupturn.com | Aditya Bhagchandani

Paul Merchants Finance Private Limited (PMFPL), a wholly owned subsidiary of Paul Merchants Limited, has announced the launch of a series of new financial products, as per a regulatory filing dated June 16, 2025. The company aims to expand its secured and wholesale lending offerings, diversifying its portfolio following the recent sale of its gold loan portfolio on June 9, 2025.
TCS partners with Council of Europe Development Bank to enhance reconciliation processes using AI

2 days ago | businessupturn.com | Aditya Bhagchandani

Tata Consultancy Services (TCS) has announced a strategic partnership with the Council of Europe Development Bank (CEB) to modernize and automate its reconciliation processes. As part of this initiative, TCS will deploy its AI-driven solution, TCS BaNCS for Reconciliations, aiming to streamline complex transactions and reduce turnaround times through end-to-end automation.
HCLTech partners with E.ON to drive global cloud and AI transformation

2 days ago | businessupturn.com | Aditya Bhagchandani

HCLTech has announced a multi-year strategic partnership with E.ON, one of Europe’s largest energy providers, to accelerate its product-based transformation using advanced cloud and AI technologies. Under this agreement, HCLTech will set up a private cloud and oversee cloud and network management across E.ON’s global operations. The collaboration aims to enhance E.ON’s cloud maturity and automation capabilities by leveraging HCLTech’s proprietary AI Force platform.
May WPI inflation drops to 0.39%, marking 14-month low

2 days ago | businessupturn.com | Aditya Bhagchandani

India’s wholesale price index (WPI)-based inflation dropped sharply to 0.39% in May 2025, compared to 0.85% in April 2025, marking the lowest level in 14 months, according to data released by the Ministry of Commerce and Industry. The sharp decline in wholesale inflation is primarily attributed to easing prices in manufactured products and fuel.
Omaxe to invest Rs 1,000 crore in New Amritsar Township; aims to reshape Punjab real estate

2 days ago | businessupturn.com | Aditya Bhagchandani

Omaxe Ltd. has announced a significant expansion in Punjab with an investment of over Rs 1,000 crore in its newly launched integrated township project—New Amritsar. Spread across 260 acres on the GT Road, just 12 minutes from the Golden Temple, the project marks a major strategic push in the state’s real estate sector. In its first phase, Omaxe will develop 127 acres and has already secured RERA registration and necessary approvals.
Laurus Labs shares in focus as pharma exports for May 2025 double YoY

2 days ago | businessupturn.com | Aditya Bhagchandani

Shares of Laurus Labs were trading up by 0.91% at ₹672.65 on June 16 after India’s pharma export data for May 2025 revealed a strong performance by the company. According to official trade data, Laurus Labs’ exports surged 104% year-on-year for the month, more than doubling compared to May 2024.
Lupin shares in focus as company signs respiratory drug deal in China with Sino Universal

2 days ago | businessupturn.com | Aditya Bhagchandani

Lupin Limited announced on June 16 that it has entered into a license and supply agreement with Sino Universal Pharmaceuticals for the commercialization of Tiotropium Dry Powder Inhaler (18 mcg/capsule) in China. This inhaler is used in the treatment of chronic obstructive pulmonary disease (COPD). As per the deal, Sino Universal will handle regulatory approvals and distribution in China, while Lupin will retain marketing authorization and manage manufacturing.
Why are Tata Motors shares falling nearly 5% today? Know More

2 days ago | businessupturn.com | Aditya Bhagchandani

Shares of Tata Motors Ltd plunged over 4.6% to ₹679.15 on Monday, June 16, after Jaguar Land Rover (JLR) issued a weaker-than-expected financial outlook for FY26 during its latest investor presentation. The stock opened lower and continued to slide, touching an intraday low of ₹679.10. Tata Motors’ UK-based luxury car subsidiary JLR stated that it now expects its EBIT margin for FY26 to be in the range of 5–7%, down sharply from the earlier guidance of 10%.
SpiceJet shares rise nearly 3% after Q4 net profit surges 174% YoY to Rs 325 crore

2 days ago | businessupturn.com | Aditya Bhagchandani

Shares of SpiceJet Ltd climbed over 2.8% to ₹45.05 in early trade on Monday, June 16, after the budget carrier posted a strong set of Q4FY25 results. The company reported a standalone net profit of ₹324.87 crore for the March 2025 quarter, marking a 174% increase from ₹118.9 crore in the same quarter last year. However, revenue from operations dropped 16% YoY to ₹1,446.37 crore, down from ₹1,719.37 crore in Q4FY24.
Belrise Industries shares jump over 3% after stellar Q4 performance; profit surges 6x YoY

2 days ago | businessupturn.com | Aditya Bhagchandani

Shares of Belrise Industries Ltd surged over 3% to ₹105.04 on Monday, June 16, after the company reported robust earnings for the fourth quarter of FY25. The stock opened strong and hit an intraday high of ₹106.91 as investor sentiment turned positive following the results. For Q4FY25, Belrise Industries posted a net profit of ₹110 crore, a massive sixfold increase from ₹16 crore in the corresponding quarter of FY24.