FMCG stocks have taken centre stage on Dalal Street ever since the all-powerful GST Council announced a slew of rate cuts on everyday essential items, delivering on the PM’s promise of a “big Diwali gift” in the form of “substantial” rate cuts in the indirect taxation system. Here’s how foreign brokerages Jefferies and BofA Securities…
Tata Communications announced strategic collaboration with Cisco to work jointly on eSIM and IoT connectivity services across the global enterprises. After the announcement, the stock of Tata Communications closed at Rs 1549 per share on Monday. Why TATA Communications and Cisco collaborated? The strategic partnership announced aims to “reshape the future of how businesses connect, manage, and…
SpiceJet Q1 Results:Â Budget carrier SpiceJet slipped into the red in the June quarter, posting a consolidated net loss of Rs 234 crore, weighed down by geopolitical disruptions, weak travel demand, and persistent supply chain snags. This marks a sharp reversal from the Rs 158 crore profit the airline reported in the year-ago period. Revenue from…
IndusInd Bank has been hit by a major whistleblower disclosure, with a former top executive alleging treasury-related irregularities running into Rs 2,600 crore over more than a decade. The episode began with a letter dated August 26, addressed to the Prime Minister’s Office, by Gobind Jain, the bank’s former Chief Financial Officer. In his communication,…
The news follows the enacting of Online Gaming law, which bans real-money games such as fantasy sports — both skill based and luck based. The law also bans advertising, promotion and sponsorship of such platforms. In other words, this also renders Dream11’s association with the country’s cricket legally untenable. The developments comes as the country…
Aviation News:Â The government on Thursday said that the Directorate General of Civil Aviation (DGCA) had issued four show-cause notices to Air India over 29 violations. These violations are addressed as per the Enforcement Policy and Procedure Manual of DGCA. A few instances of systematic issues were observed post-merger of Vistara and Air India, said Minister…