The government announced a Rs 50 hike in LPG prices and proposed Rs 2 excise duty increase on petrol and diesel, seeking to use this to compensate oil marketing companies (OMCs) for their Rs 41,338 crore losses in FY25. According to a report by CNBC TV18 which cited sources, state-run OMCs — Hindustan Petroleum Corporation
Real estate major Tribeca Developers, the world’s largest developer of Trump-branded projects, has established Trilive, India’s first rental housing development platform, and has launched its inaugural project in Andheri, Mumbai. Partnering with Housr, the nation’s leading luxury co-living operator, Trilive aims to cater to the housing needs of millennials across India’s top cities. For its
With the fiscal fourth quarter earnings season all set to kickstart this week, Nuvama Institutional Equities said that earnings weakness persisting during 9MFY25 is likely to streak through Q4FY25 as well. Summarising the key highlights, the brokerage elaborated, “i) Top-line growth for coverage (ex-OMCs) is likely to be subdued (~6 per cent YoY) for a
In a market where volatility keeps investors on their toes, dividend paying stocks offer a comforting edge for many. And among large cap companies, a few stand out for delivering strong dividends year after year. From mining giants to oil and gas majors, here is a look at the top 5 dividend yield stocks in
Smart metering business will help Adani Energy Solutions (AESL) boost its earnings before interest, depreciation and amortisation (Ebitda) said rating agencies and analysts tracking the company. With smart meters, the company can monitor and predict power consumption pattern over micro geographies and hence manage retail distribution better. AESL has a 17% market share in the segment
Titan’s share price surged to an intraday-day high of Rs 3,227.25, up nearly 7% in early trade on the National Stock Exchange after the company reported a strong pre-quarterly Q4 business update. However, the stock price came off highs in sync with the overall moderation in the market. It is still one of the top
The global legal industry saw a seismic shift last week, with the partnerships at Herbert Smith Freehills, widely acknowledged as one of the world’s most elite law firms, and top US law firm Kramer Nevin Naftalis & Franklin voting to approve a historic merger. The new entity will have 2,700 lawyers and an estimated $2
If you are a shareholder in CRISIL or tracking the portfolio of ace investor Rekha Jhunjhunwala, here is a good reason to pay attention. The company is all set to trade ex-dividend on Friday, April 11, for its whopping 2,600% final dividend. The company has declared a final dividend of Rs 26 per share. In
ITR Filing news: With ITR filing date extended to September 15, you now have more time to decide between old and new tax regimes. Salaried employees or pensioners without business income can change tax regime every year before filing ITR by simply selecting the option in ITR-1 or ITR-2. ALSO READTired of high rents and
Ahead of the August 7 hearing in the Supreme Court on the Bhushan Power & Steel (BPSL) matter, many insolvency experts feel that the best- case scenario for the company and all stakeholders would be one where the current management is allowed to run the company. JSW Steel, which acquired BPSL for Rs 19,700 crore
Equity markets this week will turn their focus on the RBI‘s interest rate decision, Q1 earnings from several blue-chip firms and tariff-related news for further cues, analysts said. Moreover, trading activity of foreign investors and trends in global equity markets will also drive investors’ sentiment. “At the domestic level, all eyes will be on the
Tata Consultancy Services left people stunned at the end of July after announcing plans to lay off more than 12,000 employees. The move has left many IT sector workers unnerved and sparked growing concerns about similar cuts in other companies. A growing call for AI and automation has incidentally led to the loss of more
Beating analysts’ estimates by a narrow margin, Tata Power on Friday posted a 9.2% growth in profit at Rs 1,060 crore in Q1FY26 as compared to Rs 971 crore in Q1FY25. Sequentially, profits grew 1.6%. Analysts had predicted a profit of Rs 1022 crore. The company beat analysts’ estimates on the revenue front also, posting
