🚀PhonePe Goes Public, Infosys Goes Shopping!
Your daily dose of business news
🗞 Infosys to Acquire MRE for $36 Million
Infosys is set to buy Houston-based MRE Consulting for $36 million in an all-cash deal. The acquisition strengthens Infosys’ presence in the energy and commodities sector, especially in digital transformation and Salesforce consulting.
📌 Expert Opinion: “This acquisition is a smart move to enhance Infosys’ North America consulting game.” – Tech M&A Analyst
🗞 Tata Group Announces ₹75/Share Dividend—Its Highest Ever!
In a record-breaking move, a Tata Group company has declared a ₹75 per share dividend for FY25, its highest to date. The generous payout signals strong earnings and shareholder confidence ahead of a robust Q4 performance.
🗞 Vodafone Idea Faces Outage in Key Cities
Vodafone Idea users faced brief but widespread network issues across Delhi NCR, Mumbai, and Pune. The service has since been restored, but customer complaints surged online, highlighting lingering infrastructure challenges.
🗞 HUL & Mamaearth End Ad Spat
Consumer goods giants HUL and Honasa (Mamaearth’s parent) have reached a truce, agreeing to take down their negative ads and social media posts. The legal battle over comparative advertising has now been laid to rest.
🗞 ITC Buys Organic FMCG Brand for ₹472.5 Cr
ITC will acquire Sproutlife Foods—owner of "Yogabar" and "Mantra Organic"—to strengthen its health-focused FMCG portfolio. The ₹472.5 crore deal underscores ITC’s shift toward premium wellness staples.
🗞 GST on UPI Transactions Above ₹2,000? Here's the Buzz
There’s rising concern over potential GST charges on UPI payments above ₹2,000. While no formal decision has been made, fintech firms are lobbying to ensure zero charges on small-value digital payments.
📌 Expert Opinion: “Any tax on UPI may slow adoption—especially among small merchants.” – Digital Payments Analyst
🗞 PhonePe Goes Public Ahead of IPO
PhonePe, India’s UPI leader, has formally become a public company ahead of its much-anticipated IPO. This is seen as a strategic step to unlock valuation and regulatory compliance as the fintech major prepares to list.
🗞 India’s Youngest Millionaire? Meet Murthy’s 17-Month-Old Grandson
In a quirky twist, Rohan Murty’s toddler son is set to receive ₹3.3 crore in Infosys dividends—thanks to a family trust holding substantial stock. The news lit up social media, making him India’s youngest “dividend millionaire.”