Author: Market News Desk

Google has laid off around 200 employees from its global business unit focusing on sales and partnerships, redirecting resources to artificial intelligence (AI) and data centers. The company’s restructuring follows a broader trend among Silicon Valley giants prioritizing AI and infrastructure investment. Google, the tech giant headquartered in Mountain View, California, has laid off approximately 200 employees in its global business unit dedicated to sales and partnerships. This move, reported by The Information on May 6, 2025, comes as part of a broader company shift in focus towards artificial intelligence (AI) and the development of data centers. The company, which…

Nazara Technologies, a leading gaming and sports media company headquartered in Mumbai, Maharashtra, India, witnessed a 3% surge in its share price on May 8, 2025, following the National Company Law Tribunal’s approval of its acquisition of Smaaash Entertainment. The company also finalized the sale of a major stake in Openplay Technologies to Moonshine Technology. Nazara Technologies, a prominent India-based gaming and sports media company, saw its stock price rise by nearly 3% following approval from the National Company Law Tribunal (NCLT), Mumbai, for its acquisition of Smaaash Entertainment Private Limited. On May 7, 2025, the NCLT passed an order…

Vodafone Idea share price rebounded on May 8, 2025, despite weak subscriber data for March. The stock recovered over 1% intraday but remains down 27% in the last three months and 13% YTD. TRAI data revealed Vodafone Idea lost 5.41 lakh subscribers, further widening the gap with Reliance Jio and Bharti Airtel. Vodafone Idea Ltd., one of India’s leading telecom service providers headquartered in Maharashtra, saw its share price rebound over 1% intraday on Thursday, despite reporting weak subscriber data for March 2025. The stock opened higher at ₹6.99 on the Bombay Stock Exchange (BSE), slipped to an intraday low…

Smallcap World Fund Inc. has raised its stake in Home First Finance Company India Ltd, a housing finance company based in Maharashtra, India, boosting its total holding to over 7.8%. In a move highlighting growing investor confidence, Smallcap World Fund Inc., a global investment firm renowned for its focus on small-cap equities, has raised its stake in Home First Finance Company India Ltd, a housing finance company headquartered in Mumbai, Maharashtra. The firm primarily serves the affordable housing segment by offering loans to first-time homebuyers in India’s middle- and low-income groups. On April 30, 2025, Smallcap World Fund acquired an…

Punjab National Bank, one of India’s largest public sector banks headquartered in New Delhi, posted a 52% rise in net profit in Q4 FY25, declared a ₹2.90 dividend, and approved a fundraising plan of ₹8,000 crore for FY26. Punjab National Bank (PNB), the third-largest public sector lender in India headquartered in New Delhi, announced its financial results for the fourth quarter of fiscal year 2024–25. The bank reported a 52% year-on-year (YoY) increase in net profit to ₹4,567 crore, compared to ₹3,010 crore in the same quarter last year. The bank’s net interest income (NII), the core revenue from lending,…

India-based Info Edge (India) Ltd, headquartered in Uttar Pradesh, has announced a stock split effective from 07 May 2025. The company’s shares will be split from a face value of Rs.10 to Rs.2. This corporate action aims to enhance liquidity and increase accessibility for investors. The decision reflects the company’s positive outlook and continued growth in the digital services sector. Info Edge (India) Ltd, a leading Indian internet-based company headquartered in Noida, Uttar Pradesh, has announced a stock split effective from 07 May 2025. The company is known for managing popular platforms such as Naukri.com, 99acres, and Jeevansathi. The board…

On 07 May 2025, Sundram Fasteners Ltd (Tamil Nadu), Varun Beverages Ltd (Haryana), and CRISIL Ltd (Maharashtra) each declared interim dividends, reflecting their solid financial standing and shareholder rewards. Three major Indian companies declared interim dividends on 07 May 2025, signaling healthy financial results and maintaining a focus on rewarding their shareholders. Sundram Fasteners Ltd, based in Tamil Nadu and a leader in auto components, announced an interim dividend of Rs. 4.20 per share. The company has seen sustained growth in its fasteners and auto components segment. Varun Beverages Ltd, a key player in the beverage industry and PepsiCo’s largest…

India and the United Kingdom finalized a Free Trade Agreement (FTA) with the goal of doubling bilateral trade by 2030. However, India has excluded key industrial products such as diamonds, silver, smartphones, and optical fibres from any import duty concessions. While the agreement offers limited tariff reductions for petrol, diesel, and electric vehicles under specific quotas, India aims to strengthen its automotive manufacturing sector and boost exports, especially in auto components. India and the United Kingdom have officially signed a Free Trade Agreement (FTA) aimed at doubling bilateral trade by 2030. However, the Indian government has decided not to extend…

On May 7, 2025, the Delhi High Court in India barred Gensol Engineering Ltd and ride-hailing startup BluSmart from creating third-party rights over 220 additional electric vehicles (EVs) leased from two lessors. The court-appointed receivers to take possession of the vehicles, bringing the total number of EVs under judicial protection to 493, amid allegations of lease violations and financial irregularities. Gensol Engineering Ltd, a renewable energy and EV solutions company, and BluSmart, an electric ride-hailing startup based in India, have come under further legal scrutiny. On May 7, 2025, the Delhi High Court barred both firms from creating any third-party…

MRF Ltd, one of India’s largest and most renowned tyre manufacturers headquartered in Chennai, Tamil Nadu, announced an exceptional 2,290% dividend payout for its investors, marking a significant milestone alongside its fourth-quarter financial results for FY25. MRF’s profit after tax for Q4 FY25 rose by 31% year-on-year (YoY), reaching ₹497.85 crore, as the company continues to demonstrate robust financial health. MRF Ltd (Madras Rubber Factory), one of India’s leading tyre manufacturers with a strong global presence, announced an extraordinary dividend payout of ₹229 per share (2,290%) as part of its Q4 FY25 results for the financial year ending March 2025.…