The National Restaurant Association of India (NRAI) on Thursday voiced strong opposition to food delivery giants Zomato and Swiggy entering private-label food delivery through their quick-commerce platforms. The industry body, representing over five lakh restaurants in India, argued that this move violates marketplace neutrality and undermines fair competition, posing a significant threat to the survival
Many major banks, including State Bank and PNB, have either revised their fixed deposit (FD) rates or launched new products for super senior citizens (those aged 80 years and above) recently. Usually, banks offer super senior citizens 25 to 75 basis points (bps) higher than the regular rate offered to the general public. Here’s a
Tata Elxsi Ltd on Thursday announced its fiscal third quarter results with profit at Rs 199.01 crore, posting a drop of 3.59 per cent in comparison to Rs 206.43 crore recorded during the same quarter of previous financial year. It posted revenue from operations at Rs 939.17 crore, up 2.73 per cent as against Rs
Tata Consultancy Services’ attrition rate for the last twelve months stands at 13% for the quarter under review. The IT giant’s headcount shrank by 5,370 in Q3 FY25 standing at 607,354. The company’s attrition rate was 12.3% in the previous quarter of the same financial year with a total workforce of 612,724. “We continue to
Indian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68%
By Indra Chourasia and Natarajan R The Securities and Exchange Board of India (SEBI) has been considering a reframing of ownership and economic structure of clearing corporations (CCs) in the equities markets to diversify their ownership. Currently, these CCs operate as 100% owned subsidiaries of their parent exchanges. Given the vital risk management role played
Indian shares dropped on Thursday, with heavyweight HDFC Bank leading the decline, as anxiety over a likely moderation in third-quarter corporate earnings sapped investor confidence. The Nifty 50 fell 0.69% to 23,526.5, while the BSE Sensex shed 0.68% to 77,620.21. The broader, more domestically-focussed smallcaps and midcaps dropped 1.4% and 0.9%, respectively. Blue-chip indexes have
IT major Tata Consultancy Services (TCS) on Thursday announced an interim dividend of Rs 10 and a special dividend of Rs 66 per equity share of Rs 1 each of the company. In a regulatory filing, TCS said, “We would like to inform you that at the Board Meeting held today, the Directors have declared
With the beginning of the new financial year, the process of filing Income Tax Return (ITR) for the assessment year 2025-26 has started. From April 1 every year, taxpayers can file their ITR for the previous financial year. However, most employers give Form 16 to their employees only after mid-May, due to which most people
Donald Trump’s Liberation day is here – it’s indeed one of the biggest days in American politics and a historic day for global trade, with the US president all set to announce a series of reciprocal tariffs. The levies, as Trump had insisted, is a response to high tariffs being charged from American companies, especially
How constrained do the Indian industry leaders feel on the much discussed ‘liberation day’ of the US where new tariffs are to be imposed on imports into the US from all over the world? Some of the leading names from Indian industry while preferring to wait and watch the developments unfold did felt it may
The domestic key equity indices closed on a positive note in line with the global markets. The markets rose ahead of US President Donald Trump’s reciprocal tariffs kick in. The NSE Nifty 50 jumped 165 points or 0.71% to settle at 23,330.90, while the BSE Sensex advanced 587.58 points or 0.77% to finish at 76,612.09.
The brokerage house Nuvama Institutional Equities raised the target price on APL Apollo Tubes by 6.1% to Rs 2,076 from Rs 1,956. It has kept the ‘Buy’ rating unchanged. As per the report, the rise in price target comes on the back of growth which came amid weak demand. Nuvama on APL: Higher HRC prices
