Business Bureau

4694 Posts
GCPL welcomes MAT credit relief in new tax regime, says move to boost corporate cash flows

GCPL welcomes MAT credit relief in new tax regime, says move to boost corporate cash flows

Godrej Consumer Products Limited (GCPL) has welcomed the Union Budget provision allowing companies to set off up to 25 per cent of their tax liability against accumulated Minimum Alternate Tax (MAT) credits under the new tax regime, terming it a positive step for corporate India. Commenting on the announcement, Sudhir Sitapati, Managing Director and Chief Executive Officer of Godrej Consumer Products Limited, said the move would significantly ease the transition to the new tax structure for companies carrying legacy MAT credits. “We particularly welcome the MAT credit set-off being allowed up to 25 per cent of the tax liability under…
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Union Budget 2026–27 lays strong foundation for Vikshit Bharat: Shyam Steel Group MD Lalit Beriwala

Union Budget 2026–27 lays strong foundation for Vikshit Bharat: Shyam Steel Group MD Lalit Beriwala

Welcoming the Union Budget 2026–27, Lalit Beriwala, Managing Director of Shyam Steel Group, said the Budget lays a strong foundation for a more connected, technologically empowered and inclusive India, aligned with Prime Minister Narendra Modi’s vision of Vikshit Bharat by 2047. Reacting to the Budget presented by Finance Minister Nirmala Sitharaman, Beriwala highlighted the continued thrust on capital expenditure, which has been raised to 9 per cent, with public capex increased to ₹12.2 trillion for 2026–27. He said focused investments in railway network expansion, express highway connectivity and construction-led growth would significantly strengthen India’s infrastructure backbone and create sustained demand…
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Aadhar Housing Finance posts 20% growth in AUM, PAT in 9M FY26; low-income housing demand stays strong

Aadhar Housing Finance posts 20% growth in AUM, PAT in 9M FY26; low-income housing demand stays strong

Aadhar Housing Finance Ltd on Friday reported strong unaudited financial results for the quarter and nine months ended December 31, 2025, posting over 20 per cent year-on-year growth in both assets under management (AUM) and profit after tax (PAT), underscoring sustained momentum in the low-income housing finance segment. The company’s AUM rose 20 per cent year-on-year to ₹28,790 crore as of December 31, 2025, from ₹23,976 crore a year earlier. Disbursements during the nine-month period increased 15 per cent to ₹6,469 crore. PAT for 9M FY26 grew 20 per cent to ₹797 crore, while Q3 FY26 PAT rose 23 per…
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Marriott Bonvoy offers exclusive fan experiences for ICC Men’s T20 World Cup 2026

Marriott Bonvoy offers exclusive fan experiences for ICC Men’s T20 World Cup 2026

Marriott Bonvoy has announced a wide range of exclusive cricket experiences for members during the upcoming ICC Men’s T20 World Cup 2026, scheduled to be held in India and Sri Lanka. As part of its global partnership with the International Cricket Council, Marriott Bonvoy will offer more than 500 specially curated “Marriott Bonvoy Moments” to members worldwide starting February. These include matchday hospitality access, behind-the-scenes pre-match experiences, and child-focused anthem walk-on opportunities. Two members will receive the flagship Marriott Bonvoy Golden Ticket, which includes a trip for two to the World Cup finals, premium hospitality access, hotel stays, ground transportation,…
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Samsung’s India #WithGalaxy campaign enters Guinness World Records, sets two global milestones

Samsung’s India #WithGalaxy campaign enters Guinness World Records, sets two global milestones

Samsung India has created history as its nationwide India #WithGalaxy photography campaign for the Galaxy S Series entered the Guinness World Records, marking a major milestone in smartphone photography and digital storytelling. The campaign set two world records for creating the largest smartphone photography competition and for achieving the most contributions to an online photo sentence (artwork). Together, the submissions formed one of the world’s largest collaborative digital artworks, reflecting India’s cultural diversity and creative spirit through smartphone lenses. Launched between December 30, 2025 and January 26, 2026, the initiative invited citizens across the country to capture real-life moments using…
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Education company PhysicsWallah declares free doubt resolution support and mock preboards for Class 10 CBSE students across India

Education company PhysicsWallah declares free doubt resolution support and mock preboards for Class 10 CBSE students across India

Education company PhysicsWallah (PW) has announced a nationwide student support initiative for Class 10 CBSE students appearing in the 2026 board examinations. The initiative offers free doubt resolution support and expert academic guidance to students across India, irrespective of whether they are enrolled with PW. The move aims to ease academic pressure and provide timely help during the crucial board exam preparation phase. As part of the programme, PW will also conduct offline mock preboard examinations in Science and Mathematics to strengthen exam readiness. These preboards will be held at PW’s physical centres, including Vidyapeeth, Pathshala and Tuition Centres, to…
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Axis Max Life holds Arunachal’s first state insurance plan workshop to boost coverage

Axis Max Life holds Arunachal’s first state insurance plan workshop to boost coverage

Axis Max Life Insurance Limited, formerly Max Life Insurance Company Limited, on Wednesday hosted the first-ever state-level workshop on the State Insurance Plan (SIP) in Arunachal Pradesh, marking a key step toward expanding insurance awareness and access in the state. Appointed by the Insurance Regulatory and Development Authority of India (IRDAI) as the Lead Insurer (Life) for Arunachal Pradesh, the company is leading a coordinated effort to improve insurance penetration in the region. The workshop was attended by Shri Satyajit Tripathi, Member (Distribution), IRDAI, along with senior officials from the Government of Arunachal Pradesh, including Karluk Ronya, Director, Accounts and…
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Assam Cancer Patients Benefit from Medanta’s Advanced Treatment Options

Assam Cancer Patients Benefit from Medanta’s Advanced Treatment Options

Advances in cancer treatment are offering new hope to patients in Assam, reducing the need for long-distance travel and improving survival outcomes, doctors said at a medical awareness programme held here on Friday. Medanta – The Medicity organised the cancer awareness and medical interaction programme in North Lakhimpur, where Dr Kunjahari Medhi, Senior Director, Medical Oncology and Haemato Oncology at Medanta’s Cancer Institute, highlighted the growing role of immunotherapy and targeted therapy in cancer care. Assam continues to report cancer rates higher than the national average, with tobacco-related cancers common among men and breast and cervical cancers widely affecting women.…
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WHO advocacy on low-sodium salt substitutes highlights new direction for salt and nutrition segment

WHO advocacy on low-sodium salt substitutes highlights new direction for salt and nutrition segment

The World Health Organization (WHO) has urged consumers to replace regular table salt with lower-sodium salt substitutes (LSSS) as part of its renewed global push to cut excessive sodium intake, a major risk factor for non-communicable diseases. According to WHO estimates, high sodium consumption contributes to nearly 1.9 million deaths worldwide each year. While the organisation recommends limiting sodium intake to no more than 2 grams per day, average global consumption remains over double that level at around 4.3 grams. To address slow progress, WHO has extended its original 2025 target of reducing sodium intake by 30 per cent to…
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PM E-DRIVE certification reshapes India’s electric truck market as Montra delivers first heavy-duty EV to UltraTech

PM E-DRIVE certification reshapes India’s electric truck market as Montra delivers first heavy-duty EV to UltraTech

Montra Electric, the e-M&HCV business of the Murugappa Group, has emerged as a first mover in India’s electric heavy truck market after becoming the country’s first manufacturer to receive certification under the Government of India’s PM E-DRIVE Scheme. The company marked the milestone by delivering the first PM E-DRIVE–certified electric heavy truck the Rhino 5538 EV 6x4 tractor trailer to UltraTech Cement Limited, signalling growing institutional demand for zero-emission freight solutions. The vehicle was flagged off and handed over by Arun Murugappan, Chairman, Montra Electric (TI Clean Mobility Private Limited), in the presence of senior executives from both organisations. Market…
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