Sapphire Foods and Devyani International, the franchise partners of Yum! Brands, on Friday issued separate clarifications on the media reports suggesting a potential merger between the two companies. “…In this regard, we wish to inform you that the company evaluates various strategic opportunities in the ordinary course, for growth and expansion of business. At this
The big news today—SEBI has banned US trading giant Jane Street from accessing the Indian markets for alleged manipulation. The market regulator has issued an interim order to impound Rs 4,843 crore worth of unlawful gains. The regulator has directed the group to deposit the entire sum into an escrow account with a scheduled commercial
If you’re planning to buy a home in the ongoing financial year, here’s a reality check. Property prices will keep going up, though at a moderate pace, according to a report. After two years of double-digit growth, real estate rates are now set to rise at a steadier pace of 4-6% annually, according to a
Manufacturing company Bharat Forge has acquired AAM India Manufacturing for Rs 746.4 crore. The acquisition includes the takeover of Rs 189.4 crore cash on the books of AAM India Manufacturing. The company will have a 100% stake in AAM India Manufacturing after the acquisition. In an exchange filing, Bharat Forge said that earlier in the
Motilal Oswal has initiated coverage on INOX Wind (IWL) with a Buy call and a price target of Rs 210, implying about 21% upside from current levels. The brokerage in its report noted that IWL is one of the few home‑grown wind energy OEMs that handles “end‑to‑end solutions from conception and commissioning to O&M”. Its four factories can
In the first half of 2025, the Reserve Bank of India (RBI) has reduced the repo rate by 100 basis points, ensuring a significant decline in the loan rates in the banking sector. This has brought great relief, especially for home loan borrowers, because this loan is taken for a long period (20 to 30
Mahindra Holidays & Resorts India has disclosed in a regulatory filing that they have received a tax demand notice of over Rs 363 crore. The notice was issued by Anna Salai, who is the state tax officer at the Central Board of Indirect Taxes and Customs, Chennai. The company received a show-cause notice from the authority
In racing, whether it’s a horse derby or any other, the horse is always the star of the show. But there’s one person who can make all the difference between winning and losing: the jockey. The jockey is the one who controls the horse, sets the pace at every twist and turn and uses strategy
New Income Tax Bill, 2025: The Centre has taken a big step towards making the tax system simple and transparent in the country. The Modi government introduced the ‘Income Tax Bill, 2025’ in Parliament during the budget session this year to replace the existing Income Tax Act, 1961. This Bill, after being introduced in the
ITC Ltd on Friday released its fiscal first quarter earnings report with a profit growth of 3.21 per cent to Rs 5,343.41 crore in comparison to Rs 5,176.99 crore recorded during the corresponding quarter of FY25. It posted revenue from operations at Rs 23,129.35 crore, reporting a growth of 19.53 per cent as against Rs
JSW Cement is likely to launch its Initial Public Offering in next few weeks. The company will be hosting the IPO road show in Mumbai on August 4 ahead of the IPO launch. The JSW Cement’s key leadership team comprising Parth Jindal, Managing Director, Nilesh Narwekar, Chief Executive Officer and Narinder Singh Kahlon, Chief Financial
The Modi government launched the Unified Pension Scheme (UPS) under the National Pension System (NPS) on April 1 this year. The UPS was conceived as a new pension plan for central government employees, giving them an option to subscribe to a new scheme that combines some of the unique features from the existing NPS and
US President Donald Trump’s decision to impose a 25 per cent additional import duty along with a penalty on Indian goods, effective August 1, is expected to significantly impact India’s textile and apparel industry. The penalty has been linked to India’s purchase of crude oil and military equipment from Russia, adding another layer of uncertainty
