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Bharti Airtel can see a 2% rise in its average revenue per user (ARPU) after the telecom major’s latest move to withdraw four entry-level prepaid unlimited plans, including its most popular Rs 299 pack, JM Financial said. The telco withdrew four prepaid plans priced at Rs 299, Rs 579, Rs 619 and Rs 649, while…
Tata Motors Passenger Vehicles on Thursday reported a consolidated net profit of Rs 775 crore for the April-June quarter of FY27, marking more than 80% year-on-year decline from the Rs 3,924 crore reported in the same period last year, amid supply constraints, including a fire at a key component supplier, Middle east conflict and planned…
Earnings growth is likely to play a larger role in determining portfolio returns than valuation re-rating in the near term, as valuations of Indian equities remain neither cheap nor expensive, according to Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company. In an exclusive conversation with ANI, Shah said the first-quarter earnings season has been…
Household appliances maker LG Electronics India reported a marginal 27.2 % year-on-year rise in profit after tax (PAT) at Rs 653 crore for the first quarter of FY27 (Q1FY27), compared with Rs 513 crore reported in the same quarter of the previous fiscal year. The company’s revenue from operations for the quarter stood at Rs…
Cerebras Systems slumped over 12% in early trading Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia. Expectations were high for AI-linked companies including Cerebras and networking equipment maker Cisco, given the strong run-up in shares driven by Big Tech’s ballooning spending,…
Birkenstock raised its annual sales growth forecast and beat quarterly revenue estimates on Thursday, banking on resilient full-price demand for its premium sandals from affluent shoppers, sending its shares up about 18%. Strong pricing power and brand loyalty have helped companies such as Birkenstock that cater to wealthier consumers remain largely insulated from a wider…
A huge amount of cash deposited in a bank account can attract scrutiny from the Income Tax Department, particularly when the taxpayer has not filed an income tax return (ITR) to explain the source of income. But a recent Income Tax Appellate Tribunal (ITAT) Delhi ruling shows that a large cash deposit cannot automatically be…
The government is considering bringing back the Merchant Discount Rate (MDR) for a limited category of high-value UPI transactions as it looks for a sustainable way to fund India’s rapidly expanding digital payments ecosystem. A Parliamentary Standing Committee on Finance has recommended the early implementation of a calibrated, tiered MDR framework for higher-value merchant transactions…
A ₹10,000 monthly systematic investment plan (SIP) and a ₹10 lakh fixed deposit (FD) offer two very different investment routes. While an SIP allows investors to invest smaller amounts regularly in mutual funds, an FD requires a lump-sum investment with a bank or financial institution for a fixed period. The choice largely depends on an…
West Bengal Chief Minister Suvendu Adhikari on Wednesday announced the eligibility criteria for the state’s Annapurna scheme, under which eligible women aged 25 to 60 will receive a monthly assistance of ₹3,000, and said payments to beneficiaries would begin from August 17. Adhikari said women earning more than ₹10,000 a month or belonging to families…