The Lok Sabha has approved a comprehensive overhaul of India’s mining regulations, preventing states from imposing extra taxes on mineral rights and centralising oversight to promote economic stability and attract investments. The Lok Sabha on Wednesday passed the Mines and…
Bank of Baroda and Canara Bank increase their Marginal Cost of Funds Based Lending Rate (MCLR) from August 12, potentially leading to higher EMIs on loans linked to this benchmark, amidst stable RBI repo rates. Bank of Baroda and Canara…
The Indian corrugated packaging industry warns that recent GST rate changes have created an inverted duty structure, locking up significant working capital and threatening the growth of a sector vital to logistics and circular economy initiatives. India’s corrugated packaging industry…
Sun TV Network reports a 16% rise in profit after tax and a 13% revenue increase for the June quarter, leading to an interim dividend of ₹5 per share, signalling strong recovery and investor appeal. Sun TV Network has declared…
Apollo Hospitals reports a 36% rise in quarterly net profit to ₹529 crore, announces a final dividend of ₹10 per share, and reappoints founder-chairman Prathap C Reddy, signalling strong growth and strategic stability. Apollo Hospitals Enterprise is handing shareholders another…
Nuvama maintains a buy rating on Godrej Consumer Products, citing strong international performance, domestic market-share gains, and expansion into new categories, despite near-term margin pressures and leadership changes. Nuvama has kept a buy call on Godrej Consumer Products even after…
GuruFocus’ latest valuation models present conflicting views on Infosys, highlighting the complexities and uncertainties in assessing the Indian IT giant’s true worth amid divergent earnings and cash flow estimates. Infosys is drawing a mixed verdict from valuation models, with GuruFocus’…
Investors await the allotment results after strong demand for Technocraft Ventures’ Rs 251.88 crore IPO, which was subscribed nearly 39 times, with listing scheduled for August 14. Investors in Technocraft Ventures’ initial public offering are expected to learn their allotment…
EIH Limited announced significant revenue growth in its Q1 FY27 earnings, driven by higher room rates and domestic demand, despite facing margin pressures from rising costs and operational factors. EIH Limited said on its first-quarter FY27 earnings call that revenue…
The Reserve Bank of India has unveiled draft rules to standardise and clarify how lenders set interest rates, aiming to boost transparency and consumer protection while keeping borrower repayments stable. The Reserve Bank of India has moved to tighten and…
