Business

Hyderabad, Jan 1, 2026 – Brightcom Group Limited closed December 2025 outlining a stabilisation-led transition phase, marking the end of a deliberate consolidation year and positioning the business for measured growth in the coming fiscal.December 2025 Corporate Update: Built for Continuity The company highlighted that FY2024–25 was approached as a year of stabilisation, with strategic focus placed on reinforcing core operations, restoring execution discipline, and maintaining profitability and resilience across business cycles. Management underscored that the operating framework has now been recalibrated following multiple internal and platform-level validations during the year.Brightcom noted that its operating model has evolved...

Mumbai, January 1, 2026 – YES BANK LIMITED (NSE: YESBANK, BSE: 532648) said it has received a consolidated order giving effect from tax authorities resulting in an income tax refund of about Rs 345 crore, including interest, relating to the assessment year 2016–17.Refund Determined After Appellate Orders The development follows the disposal of the bank’s appeals against earlier assessment, reassessment, and rectification actions for the said assessment year. Based on the appellate outcome, the computation statement issued on December 31, 2025, determined a refund of approximately Rs 345 crore. The bank said the portion of the refund to be recognised in its profit and loss statement exceeds the internal materiality threshold...

Chandigarh, January 1, 2026: SML Mahindra Limited (BSE: 505192, NSE: SMLMAH) reported a sharp improvement in vehicle sales for December 2025, with total volumes rising 67 percent year-on-year to 1,044 units, supported by strong demand across both cargo and passenger vehicle segments. December 2025 Sales Performance In December 2025, cargo vehicle sales climbed to 462 units compared with 262 units in the year-ago period, translating into a 76 percent increase. Passenger vehicle volumes rose 60 percent year-on-year to 582 units from 364 units.CategoryDecember 2025December 2024YoY ChangeCargo Vehicles462262+76%Passenger Vehicles582364+60%Total1,044626+67%April–December FY26 Sales Overview For the nine-month period from April...

Policy Rationalisation Aimed at Improving Ease of Doing Business The commerce ministry’s arm, the Directorate General of Foreign Trade, said on Wednesday that it has rolled out a series of trade facilitation measures in 2025, focusing on rationalisation of policies to support exporters and improve ease of doing business.According to an official statement, the initiatives are part of ongoing efforts to strengthen India’s trade facilitation ecosystem through timely issuance of authorisations and streamlined policy frameworks.New Authorisations and Import Policy Adjustments As part of the measures, the DGFT launched the Diamond Imprest Authorization to support the gems and jewellery sector. It also extended the free import policy for...

Platforms Step Up Payouts to Ensure Service Continuity Food delivery platforms Zomato and Swiggy have rolled out higher incentives for delivery partners to ensure uninterrupted services on New Year’s Eve, even as gig workers’ unions have called for a nationwide strike on December 31.The move follows the platforms’ usual practice during festive and high demand periods, when order volumes peak and rider availability becomes critical.Strike Call May Impact Food Delivery and Quick Commerce Operations Gig workers’ unions have indicated that the strike could affect operations across food delivery and quick commerce platforms including Blinkit, Instamart and Zepto.According to union statements, a large number of delivery and app based...

EV Tax Incentive to Continue Under State Motor Vehicles Law Tamil Nadu Industries Minister TRB Rajaa has said that the state will continue providing a full exemption from motor vehicle tax for battery operated vehicles until December 31, 2027. The extension will be implemented under the Tamil Nadu Motor Vehicles Taxation Act, 1974.The minister shared the official government notification confirming that the exemption applies to all battery operated vehicles, covering both transport and non transport categories.Decision Reinforces State Support for EV Adoption According to Rajaa, the decision taken by Chief Minister M K Stalin strengthens the state government’s commitment to electric vehicle adoption, affordability, and large scale...

Mumbai, December 31, 2025: Transworld Shipping Lines Limited (BSE: 520151 | NSE: TRANSWORLD) has completed the acquisition of 100 percent of the paid-up equity share capital of Transworld Logistics Private Limited on December 31, 2025. Following the completion, Transworld Logistics Private Limited has become a wholly owned subsidiary of the company with effect from the same date. The company further informed that the acquisition relating to one of the sellers of Transworld Integrated Logistek Private Limited is currently under process and is expected to be completed on or before January 31, 2026. There is no change in the structure, consideration, or other key terms of the acquisition as previously disclosed. Acquisition StatusTarget...

Mumbai, December 31, 2025: Vodafone Idea Limited (NSE: IDEA, BSE: 532822) has received an order under the Goods and Services Tax framework, confirming a penalty of ₹6.78 crore along with applicable tax demand and interest. The company has stated that it does not agree with the order and will initiate appropriate legal action. Details of the GST Order The order has been issued by the Office of the Additional Commissioner, Secunderabad jurisdiction in Hyderabad, Telangana. It pertains to alleged excess claim of input tax credit by the company for the financial year 2021 to 2022. Key particulars of the orderParticularsDetailsAuthorityOffice of the Additional Commissioner, Secunderabad, Hyderabad, TelanganaNature of actionOrder...

Mumbai, December 31, 2025 ICICI Bank Limited has received a Goods and Services Tax demand order amounting to ₹16.03 crore from the Deputy Commissioner of Revenue, West Bengal, relating to services provided to customers maintaining specified minimum balances in their accounts.According to the disclosure, the order was received on December 30, 2025 at 06:01 p.m., raising a total demand of ₹16,03,30,178. The demand comprises tax of ₹8,67,57,468, interest of ₹6,48,96,963, and penalty of ₹86,75,747 for the same subject matter that had earlier been flagged through a show cause notice.Background of the Matter The bank had earlier informed stock exchanges on September 23, 2025 about the receipt of a show cause notice from the West Bengal...

Patna, December 31, 2025 Aditya Vision Limited (BSE: 540205 | NSE: AVL) today announced the opening of three new retail showrooms, taking its total store count to 192 as part of its ongoing physical retail expansion strategy. The latest additions strengthen the company’s presence in eastern and northern India, with one new outlet in Jharkhand and two in Uttar Pradesh, further expanding access to its consumer electronics and home appliance offerings. Details of Newly Opened ShowroomsS. No.LocationCityStateStore Number1Kanke Road, 834008RanchiJharkhand190th298, Chandra Nagar, Lal Bangla, 208007KanpurUttar Pradesh191st3Kailash Vihar, Vikash, Kalyanpur, 208017KanpurUttar Pradesh192ndWith these openings, Aditya Vision...

Mumbai, Wednesday, December 31, 2025 – CarTrade Tech Limited (BSE: 543333 | NSE: CARTRADE) on Wednesday informed stock exchanges that it has shared an investor communication outlining its three-year growth journey and strategic direction ahead.The company stated that the investor communication covering its three-year growth story has been shared in accordance with applicable disclosure requirements and has also been made available on the company’s website .Investor Communication Details Three-Year Growth Snapshot In the investor message dated December 31, 2025, the company stated that the past three years represented a period of growth, operational progress, and resilience.As per the investor communication, the company highlighted...

Mumbai, December 31, 2025: Vedanta Limited (NSE: VEDL, BSE: 500295) has received two separate tax-related orders pertaining to earlier financial years, involving penalties along with tax demand and applicable interest, as per an official communication issued by the company on Wednesday. The first order relates to a dispute on input tax credit for the period from FY2018-19 to FY2020-21. The order confirms a penalty amounting to ₹18.53 lakh, along with the associated tax demand and interest. The matter pertains to the eligibility of certain credits claimed during the said period. The second order concerns a difference in turnover reported between statutory financial statements and the annual GST reconciliation statement for FY2018-19. In...

Mumbai, December 31, 2025: Creative Newtech Limited (NSE: CNL, BSE: 544631) has announced the execution of a pan-India distribution agreement with EIZO Private Limited, the Indian subsidiary of EIZO Corporation, Japan. The agreement positions Creative Newtech as the distribution and solution integration partner for EIZO’s surveillance and professional imaging portfolio across India.Partnership Scope and Coverage Under the agreement, Creative Newtech will lead market development, nationwide distribution, and solution integration for EIZO’s surveillance and imaging solutions. The collaboration covers applications across security surveillance, command and control centers, industrial sites, air traffic control environments, healthcare...

Bengaluru, December 31, 2025: Royal Orchid Hotels Ltd (BSE: 532699, NSE: ROHLTD) has announced the launch of Regenta Z Vadodara in Gujarat, marking its fourth property in the city and strengthening its presence in one of India’s key commercial centres.Fourth Property in Vadodara The newly launched hotel adds to Royal Orchid Hotels’ existing portfolio in Vadodara, which includes Royal Orchid Central, Regenta Inn, and Regenta Fairlark. With this addition, the company now operates four properties in the city, aligning with its strategy to expand across high-growth urban markets through differentiated brand offerings.Introduction of Regenta Z Brand in Gujarat Regenta Z is a recently introduced brand under the Royal Orchid Hotels...

Ahmedabad, December 31, 2025: Adani Green Energy Limited (NSE: ADANIGREEN, BSE: 541450) has operationalized renewable power projects aggregating 307.4 MW at Khavda, Gujarat through its step-down subsidiaries, as part of its ongoing project execution. Following the commissioning of these projects, the company’s total operational renewable generation capacity has increased to 17,237.2 MW. The decision to operationalize the plants was taken at 7:47 a.m. on December 31, 2025, based on the relevant clearances. Power generation from these projects will commence from January 1, 2026. Details of Operationalized ProjectsName of SubsidiaryType of ProjectCapacity (MW)Adani Renewable Energy Forty One LimitedWind0.2Adani Green Energy Twenty...

Bengaluru, Tuesday, December 30, 2025: Ola Electric Mobility Limited announced a key milestone in its electric mobility roadmap, with its flagship electric motorcycle, the Roadster X+, receiving formal certification for road use in India. The approval clears the way for the company to begin customer deliveries of the model in the domestic market.The Roadster X+ is the first electric motorcycle in India to be powered by an entirely in-house developed 4680 Bharat Cell battery pack, underscoring Ola Electric’s push towards full vertical integration across cell design, battery manufacturing, and vehicle platforms.Industry-Leading Range Targets Wider Markets The Roadster X+ comes equipped with a 9.1 kWh battery pack and offers a claimed...

A Year Marked by Accidents, Disruptions and Operational Strain Indian aviation heads into 2026 seeking stability and long-term fixes after a year defined by accidents, large-scale disruptions, and regulatory challenges. The sector faced intense scrutiny in 2025 following multiple incidents that not only disrupted travel for thousands of passengers but also resulted in the loss of 260 lives.As the new year approaches, both industry stakeholders and passengers are focused on safety outcomes, operational resilience, and regulatory clarity. Central to these expectations is the awaited final investigation report into the A171 plane crash, alongside measures to improve helicopter safety in sensitive regions such as the Kedarnath valley and...

Obesity and Diabetes Therapies to Shape Next Phase of Expansion Improving access to new age medicines for obesity and diabetes over the coming years is expected to play a pivotal role in driving growth for India’s pharmaceutical industry, according to Sun Pharma Managing Director Kirti Ganorkar.Glucagon-like peptide-1 or GLP-1 receptor agonists are used in the treatment of type 2 diabetes, high blood sugar, and obesity by regulating insulin production. With obesity-linked lifestyle diseases rising sharply, India is increasingly positioning itself as a significant hub for the global weight management market, alongside its established strength in generic medicines.Ganorkar said that wider availability of GLP-1 therapies would help the...

Advisory Issued After Delays in Reporting Adverse Inputs The finance ministry has instructed public sector banks and financial institutions, including insurance companies, to immediately report vigilance-related matters involving whole-time directors of their respective organisations. The directive has been issued by the Department of Financial Services under the ministry.The move follows multiple instances where adverse information concerning board-level appointees was not disclosed in a timely manner, raising concerns over governance and transparency.Delayed Disclosure of Critical Vigilance Information Flagged According to the advisory, critical inputs such as private complaints, court observations, references, or communications...

Export sector adapts amid global disruptions and tariff pressures India’s export sector remained resilient in 2025 despite facing a sharp escalation in trade barriers, including a 50 per cent duty imposed by the United States on Indian goods. Exporters responded by diversifying markets and products, helping sustain export momentum, which is now expected to extend into 2026.Senior officials in the commerce ministry noted that India’s merchandise exports have repeatedly adapted to major global disruptions over the past few years. These include the Covid 19 pandemic, the Russia Ukraine conflict, the Israel Hamas war, the Red Sea shipping crisis, semiconductor supply constraints, and the latest round of high US tariffs.Merchandise...