Zee shareholders approved convertible warrants for promoters, raising over three thousand crore rupees. This approval allows promoters to increase their stake significantly in the company. Institutional shareholders largely opposed the resolution, while non-institutional investors provided strong backing. The company also gained approval for its employee stock option plan for eligible staff. This outcome reverses a
Cybercriminals are targeting taxpayers during income tax return filing season. They send fake notices via WhatsApp and use cloned tax portals. These scams aim to steal banking credentials and gain device access. Attackers use malware-laden attachments and phishing websites to deceive victims. This campaign exploits the expectation of official communications from the tax department.
The Centre’s fiscal deficit reached eighteen percent of its annual estimate during the first quarter. Tax revenue saw a modest increase, while capital expenditure rose significantly. Revenue expenditure also experienced a notable rise, driven by subsidies. Increased fertilizer and fuel subsidies were largely due to global price surges. Future fiscal health depends on West Asia
Sebi has banned Zee group’s Subhash Chandra and Punit Goenka for one year. They fraudulently pledged Zee Entertainment Enterprises land parcels as security for personal loans. Chandra and Goenka misused their positions, risking the company’s assets for personal gain. The regulator also imposed fines on Chandra, Goenka, and the company for these fraudulent acts. This
Gold loans fueled a significant acceleration in bank credit during Q1FY27. This segment expanded by 93.8% year on year, adding substantial value. Overall bank credit also saw robust growth, crossing a significant milestone. Credit to industry recorded its highest first-quarter expansion in recent years. Vehicle loans and medium enterprises also showed strong performance.
Lawmakers from both parties, along with industry trade groups, have raised concerns over a section of the legislation that would allow Trump to impose hefty tariffs on countries that buy significant volumes of Russian oil and gas.
Amazon joined other Big Tech firms in reporting robust cloud business growth, easing investor concerns over returns from heavy artificial intelligence spending.
