An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show. Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on
Aditya Birla Fashion and Retail Ltd (ABFRL) released its fiscal second quarter earnings with a loss of Rs 214.70 crore in comparison to a loss of Rs 200.34 crore recorded during the corresponding quarter of previous year. It posted revenue from operations at Rs 3,643.86 crore, registering a growth of 12.9 per cent as against
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While major companies across sectors have already released their Q2 numbers for FY25, market participants and investors are keenly waiting for many others to announce their earnings report. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel
The Enforcement Directorate (ED) on Thursday raided offices of some sellers operating on Amazon and Walmart-owned Flipkart for alleged violations of foreign investment norms and prevention of money laundering Act (PMLA). Official sources said that searches took place at 19 locations in New Delhi, Gurugram, Panchkula, Hyderabad and Bengaluru. Some reports indicate that Appario Retail
The Solar Energy Corporation of India (SECI) has barred Reliance Power Ltd and all its subsidiaries from participating in future tenders to be issued by it for the next three years, citing “fake” bank guarantees submitted by the Anil Ambani-backed company in the last renewable energy (RE) bidding round. SECI, the official agency to implement
Luxury hotel brand Oberoi Hotels & Resorts is set to open its first hotel in London’s Mayfair district, British urban property major Grosvenor and EIH London Investments announced on Thursday. The hotel will be part of Grosvenor’s landmark South Molton development and will occupy a prime position at 40-46 Brook Street. Work began onsite in
As the pre-budget exercise for 2025-26 gathers steam, industry bodies on Thursday urged the government to further streamline tax administration by reducing the peak tax rate on partnerships/LLPs to 25%, lowering the tax on interest income from bank deposits and slashing the number of TDS rates to the bare minimum. In their meeting with Revenue
India is likely to witness a continued momentum of increased cooperation in the energy sector from the US under Donald Trump’s second presidency, industry experts believe. For the global oil market, Trump 2.0 would mean continued oil and gas supply given Trump’s focus on increasing the US oil production which should keep oil prices under
Thomas Scott India Ltd (TSIL) Thomas Scott (India) Limited formed in October 2010 to acquire Bang Overseas Limited’s Retail Division under the “Thomas Scott” brand. The demerger, effective April 1, 2011, was finalized on August 5, 2011. The company was listed on NSE and BSE in January 2012. With a current market cap of Rs
Chhatrapati Shivaji Maharaj played a key role in reviving nationalism and the brokerage firm Nuvama Institutional Equities believes that the movie Chhava, based on his son’s achievements has revived the spark in Indian cinema. Following the stupendous box office collection for Chhaava, Nuvama expects a 96% upside in PVR Inox’s share price. It has a target of Rs 1,765 on the
NMDC has announced its first interim dividend for FY25. As India’s largest iron ore producer rolls out fresh payouts, its stock performance remains key points of interest. Dividend announcement and record date NMDC has declared an interim dividend of Rs 2.30 per share with a face value of Rs 1. The record date for eligibility
Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Indian markets are set to open on a positive note today, taking cues from early trends in GIFT Nifty. Asian stocks also kicked off the day in the green, reflecting optimism from Wall Street’s overnight rally. Major indices across Japan, South Korea, and Australia
Markets are gearing up for a positive start today, with early signals from Gift Nifty pointing upwards. Global factors, including Wall Street trends and key economic updates, will set the tone for the day. On March 17, Indian stock markets ended on a strong note, with the Sensex rising 0.46% to 74,169.95 and the Nifty
