Dubai-based low-cost carrier FlyDubai is considering its foray into India’s domestic aviation market through Busy Bee Airways, which is negotiating to acquire bankrupt carrier Go First. According to reports, Busy Bee has contacted Go First’s Committee of Creditors (CoC) to acquire its flying licence, trademarks, and airport slots. Busy Bee is not, though, seeking Go […]
The Indian stock market continued its losing streak for the ninth consecutive session on February 17, as Nifty 50 and Sensex opened in the red. Weak global cues, heavy selling by foreign institutional investors (FIIs), a falling rupee, and the imposition of US reciprocal tariffs on Indian exports have dampened investor sentiment, leading to sharp
US Tariff Concerns Trigger Sell-Off in Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4% Shares of Indian pharmaceutical companies came under heavy selling pressure on February 14 amid rising concerns over potential US tariffs on drug imports. The decline followed comments from former US President Donald Trump, who suggested imposing reciprocal tariffs on several
US Tariff Concerns Hit Pharma Stocks; Sun Pharma, Lupin, Dr Reddy’s Decline 2-4% Read More »
British American Tobacco (BAT), the largest shareholder of India’s leading cigarette manufacturer ITC Ltd, has announced plans to divest its stake in ITC Hotels by 2026. The decision is part of BAT’s broader strategy to focus on its core business and maximise shareholder value. BAT’s CEO, Tadeu Marroco, stated in a post-earnings call that the
BAT Plans to Exit ITC Hotels Stake at Optimal Time to Maximise Returns Read More »
Volvo Group has announced an investment of ₹1,400 crore to expand its manufacturing operations in Karnataka. The company signed a Memorandum of Understanding (MoU) with the Karnataka government on February 13 to establish its fourth international manufacturing hub in Hosakote, Bengaluru. The agreement was inked in Chief Minister Siddaramaiah’s official residence, ‘Cauvery,’ in the presence
Volvo Group to Invest ₹1,400 Crore in Karnataka for New International Manufacturing Hub Read More »
Shares of Vodafone Idea rebounded sharply on February 13, climbing 7% to ₹8.99, as investors cheered the telecom company’s plans for a ₹10,000 crore network expansion by the end of March. The positive management outlook helped reverse a three-day losing streak in the stock. The Aditya Birla Group-backed telecom operator has already spent ₹5,300 crore
Vodafone Idea Shares Surge 7% on ₹10,000 Crore Expansion Plan Read More »
Natco Pharma’s stock took a severe hit on February 13, plunging 18.5% as investors reacted negatively to the company’s weak Q3 earnings report. The pharmaceutical firm reported a 38% drop in net profit, which stood at ₹132.4 crore for the quarter, compared to ₹212.7 crore in the same period last year. Revenue also declined significantly
Natco Pharma Shares Slump 18.5% Amid Disappointing Q3 Earnings Read More »
Hindustan Aeronautics Ltd (HAL) has posted a 14% rise in consolidated net profit at ₹1,440 crore for the quarter ended December 31, 2024. The defence PSU had posted a net profit of ₹1,261 crore in the corresponding quarter of the previous year. The company’s operational revenue increased 15% to ₹6,957 crore in Q3 FY25, compared
HAL Q3 Net Profit Jumps 14% to ₹1,440 Crore, Announces ₹25 Dividend Read More »
There will be no changes in short-term capital gains (STCG) and long-term capital gains (LTCG) in the upcoming Income Tax Bill, according to a report by CNBC-Awaaz on February 12. The Central Board of Direct Taxes (CBDT) had formed an internal committee to examine the Income Tax Act for simplifying the law, reducing disputes, and
No Change in STCG and LTCG Tax Rates in New Income Tax Bill: CNBC-Awaaz Report Read More »
TVS Motor has signed an agreement with the Karnataka government to invest ₹2,000 crore over the next five years. The investment will be used to establish a Global Capability Centre (GCC) in Karnataka and expand its existing operations in Mysuru. A GCC is a specialized unit that manages IT and business functions of an organization.
TVS Motor to Invest ₹2,000 Crore in Karnataka, Set Up Global Capability Centre Read More »
