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In high spirits: Alcobev makers set to grow 8-10% on higher demand, premium products

The alcoholic beverage companies are set to see an 8 to 10 percent growth in their revenue in the financial year 2026, says a report by Crisil Ratings. While the companies’ revenue is expected to show good growth, profits remain a concern. In the past three years, the alcobev industry revenue has grown at a

Amid Turkey boycott calls, Jubilant FoodWorks plans 80 new Domino’s & Coffy outlets in the country; assures business is stable

Turkey is one of the key expansion destinations for Jubilant FoodWorks (JFL). One of India’s leading fast-food giants, Jubilant listed out its growth plans for FY26 after the announcement of the Q4FY25 results, and Turkey features prominently in it. Notwithstanding the current ‘boycott Turkey‘ calls on social media, Jubilant assures shareholders that “operations in the

GAIL reports 1.3% rise in its consolidated Q4FY25 net profit

State-owned GAIL India Ltd on Tuesday reported a marginal rise of 1.3% in its consolidated net profit for the last quarter of the financial year 2024-25 at Rs 2,505.61 crore from Rs 2,474.31 crore recorded in the same period of FY24. On a sequential basis, however, the net profit fell by 39% from Rs 4,084.24

Trump drug price order: Nomura says Sun Pharma may be hit hardest, uncertainty looms ahead

The pharma sector is staring at more uncertainty ahead after US President Donald Trump signed a new executive order on May 12, mandating that US drug companies align prices with other developing nations. Typically, the prices in the US are much higher, often 2-5x) than that in other countries where the government negotiates for lower

Reliance Power subsidiary bags 350 MW solar and 175 MW/700 MWh energy storage project from SJVN

Reliance Power Limited on Monday announced that its subsidiary Reliance NU Energies Private Limited has bagged the largest allocation in SJVN’s tariff-based competitive bidding process, securing an allocation of 350 MW of solar generation capacity coupled with 175 MW/700 MWh of battery energy storage system (BESS).  Post this announcement, shares of Reliance Power surged 10.01

Coal India to supply 4500 MW carbon-free energy to AM Green’s ammonia units

Coal India (CIL) plans to supply 4500 MW of carbon-free energy in a phased manner to the upcoming green ammonia facilities of AM Green. It will be through a combination of solar and wind, whose capacities CIL aims to set up on a pan-India basis, AM Green said in a statement. A formal non-binding memorandum

IT firms advise work from home amid India-Pakistan tensions; travel curbs in place

As tensions between India and Pakistan escalate, major Indian IT and global consulting firms have issued advisories urging employees in sensitive regions to work from home (WFH) and avoid non-essential travel. According to a report by Moneycontrol, several companies including HCLTech, Deloitte, EY, Tech Mahindra, and KPMG have taken precautionary measures to safeguard employees amid

Tech trouble: IT deal signings slowdown in April; BNP Paribas say Infosys, Cognizant TCS lead

The deal pipeline of technology stocks has been in focus. After a mixed Q4 show, April seems to be rather disappointing for the IT services players. As per the latest report by BNP Paribas, deal-wins have seen a significant slowdown in April compared to March. They further stated that most deal wins were related to
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Big relief for taxpayers! Income Tax Dept extends timeline for ITR processing, refunds in THESE cases

In a significant relief for taxpayers who had filed income tax returns (ITRs) late but with proper condonation from the Income Tax Department, the Central Board of Direct Taxes (CBDT) has allowed processing of such returns and issuance of refunds by March 31, 2026. The tax department’s move is aimed at addressing cases where valid

Retail boost: Amazon India bets on tier-2 cities with new fulfillment centres 

Amazon India is gearing up for a higher penetration in the interior of India as it opens new fulfillment centres in the tier-2 cities. On Thursday, the company said that it has launched 5 new fulfillment centres in India, with 4 located in tier-2 cities, Indore, Bhubaneshwar, Kochi, and Rajpura (Punjab). While the global e-commerce

Motilal Oswal recommends ‘Buy’ on Coforge: 3 reasons powering the bullish call

Motilal Oswal has a ‘Buy’ rating on Coforge, with a target price of Rs 2,200, implying an upside of 18%. The brokerage expects that the company has a strong executable order book and resilient client spending across verticals that bodes well for its organic business. Motilal Oswal on Coforge: Management confident of organic growth Coforge’s

Can you legally claim both HRA and home loan interest deduction in ITR? Here’s what income tax rules say

ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. So, the answer is ‘yes’, it is legally possible since many taxpayers live on rent and also pay

Adani Total Gas partners Jio-BP: Can it boost retail fuel sales?

In a major development in India’s private retail energy sector, Adani Total and Jio BP have partnered to integrate each other’s energy products at their retail outlets. According to an Adani Total Gas statement, while Adani Total Gas outlets will offer Jio BP’s petrol and diesel at their outlets, Jio BP will integrate Adani Total