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Starbucks India witnessing store level profitability, says Tata Consumer – Here’s what’s hurting the margins

Despite achieving profitability at the store level, Tata Starbucks—the 50:50 joint venture between Tata Consumer Products Ltd (TCPL) and Starbucks—is grappling with rising losses driven by rapid expansion, said a top executive from Tata Group. While addressing shareholders at the company’s 62nd Annual General Meeting, PB Balaji, Group CFO of Tata Motors and non-executive director

Markets end off lows, tech under pressure; Mid and small caps outperform – 5 key highlights

The Indian headline indices ended the session in the red on Monday, dragged down by weakness in heavyweight IT and auto stocks. The Sensex closed at 81,896.79, down by 511.38 points or 0.62%, while the Nifty settled at 24,971.90, slipping 140.50 points or 0.565. The Nifty Bank index ended the day at 56,059.35, down 0.34%.

Israel-Iran conflict to push up marine premiums as insurers invoke war cover

The escalating conflict between Israel and Iran is expected to harden India’s marine insurance market, with annual premiums of over ₹5,000 crore. Industry players are warning of a spike in freight costs and insurance premiums due to mandatory war cover for vessels transiting the Red Sea en route to West Asia and Europe. A spokesperson

Jaguar Land Rover may face $2.1 billion tariff blow: Tata chairman outlines damage control strategy at AGM

Tata Group chairman N Chandrasekaran during Tata Motors’ 80th annual general meeting on Friday said Tata Motors-owned Jaguar Land Rover may face up to £1.6 billion ($2.1 billion) in tariff impacts due to new US trade measures. However, he added that mitigation efforts are underway to reduce the impact to around £600 million. “Tariff is

Tata Capital IPO in July? SEBI clears Rs 17,200 crore IPO draft: Report

The upcoming IPO action in July is getting more hectic by the hour. Apart from NSDL, JSW  Cement, another mega financial IPO may well be on its way. According to Economic Times, Tata Capital may look at a July date for its launch. The website quoted sources and stated that this subsidiary of Tata Sons

8th Pay Commission: Know how much your salary may increase under new fitment factor

The Centre has given the green light to the 8th Pay Commission, which is set to revise pay and pensions for over 1 crore employees and retirees. The revised pay structure is expected to come into force from January 1, 2026. ALSO READATM withdrawals, other banking services to be costlier from July 1 – here’s

AI gains strategic ground in Indian boardrooms amid budget strains – Here’s why

Indian CEOs are increasingly placing their bets on Artificial Intelligence (AI) as a cornerstone of long-term business growth, despite mixed results so far. According to the IBM Institute for Business Value’s annual CEO study, Indian business leaders are more open than ever to investing in AI and digital opportunities but they also recognize the need

Broader markets bleed on continuing Israel-Iran tension: BSE Smallcap plunges 940 point, Nifty ends below 24,800- 5 key highlights

Indian equity markets ended lower in Thursday’s session as the geopolitical tension between Iran and Israel continued to put pressure on markets, along with the US Fed’s cautious commentary on the effect of Trump’s tariffs going forward on the economy.  The Nifty 50 closed the session almost 20 points or 0.08% lower at 24,793, the

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Best FD rates July 2025: Senior citizens can still earn up to 8.8% on THESE bank FDs

In recent months, many banks have cut their fixed deposit (FD) interest rates in the wake of the RBI’s 100 basis points cut in the repo rate since February 2025. Despite this, some banks are still offering attractive interest rates on fixed deposits for senior citizens. These banks are small finance banks, which always have

Capgemini to buy WNS at 17% premium, for $76.50/share in all-cash deal

French IT services giant Capgemini has announced its plan to acquire India-based outsourcing firm WNS for $3.3 billion in cash. The deal values WNS shares at $76.50 each, reflecting a 17 per cent premium over its closing price on July 3. The transaction excludes WNS’s existing financial debt, Capgemini clarified in a press release issued

Indians pay almost Rs 21 more for petrol than Pakistan and US – Here’s why

Petrol prices in India currently stand at Rs 101 per litre amid continued volatility in global oil prices — with many neighbouring countries selling fuel at significantly lower prices. The cost is also Rs 21 more than petrol prices paid by people in the US as well as Pakistan. Data that has since gone viral

Lutyens’ Delhi real estate remains hot as Golf Links bungalow sells for Rs 100 crore

Yashwant Singh, a scion of a royal family from Rajasthan, has purchased a luxury bungalow in Delhi’s elite Golf Links neighbourhood for Rs 100 crore, according to property registration documents obtained via CRE Matrix. The luxurious property, sprawling over 588.97 sq m of land with an impressive built-up area of 867.33 sq m, features a

Reliance’s next $50 billion bet: AI-energy synergy at heart of new growth path, says Morgan Stanley

Reliance Industries is gearing up for its next big leap, charting an ambitious course to unlock its next $50 billion in value creation from its current $240+ billion market cap, by betting big on green energy and generative AI. Backed by strong legacy cash flows and a bold reinvention plan, the Mukesh Ambani-led conglomerate could