South Korean electronics maker LG Electronics India Ltd on Thursday (July 2) said the GST authorities have dropped a proposed demand of ₹116.72 crore, including penalty, for FY2021-22 after deciding the matter in the company’s favour. The company received an order dated July 1, 2026 from the Joint Commissioner, GST – Corporate Circle-2, Greater Noida,…
Shares of Baazar Style Retail gained 5% on Thursday, July 2, after the value fashion retailer reported a 29% year-on-year increase in standalone revenue from operations for the June quarter to ₹486 crore from ₹377.8 crore in the year-ago period. According to its quarterly business update, same-store sales growth (SSSG) stood at 7% during the…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
The equity benchmark indices BSE Sensex and NSE Nifty ended largely higher on Thursday (July 2), with the Sensex rising 579 points and the Nifty closing above the 24,150 mark, led by gains in IT stocks, strength in downstream oil companies and positive market breadth. Here are the five key reasons behind today’s move:1. Benchmark…
Renu Baid Pugalia, Senior Vice President of Research at IIFL Institutional Equities, laid out a bullish medium-term case for several Indian capital goods companies, pointing to Thermax’s margin recovery, CG Power’s grid equipment dominance, and steady export momentum from US data center projects as key themes for investors to watch. Pugalia said IIFL likes Thermax’s…
Hindustan Coca-Cola Beverages IPO: Coca-Cola Co. has invited investment banks to submit proposals for roles in the upcoming proposed initial public offering of its Indian bottling business, an issue that could raise approximately $1 billion, Bloomberg reported, as said by sources familiar with the development. The pitches are scheduled to take place in London next…
SBI Funds Management, India’s largest asset management company, is planning to launch its long-awaited initial public offering (IPO) in July, aiming to raise about $1.2 billion (Rs 11,416 crore in Indian rupees), according to people familiar with the matter. (This is a breaking story. Refresh the page for latest updates) Source link
The spotlight on governance also coincides with continuing regulatory scrutiny of Tata Sons. In 2022, the Reserve Bank of India classified Tata Sons as an Upper Layer Non-Banking Financial Company (NBFC) owing to its size and systemic relevance. Under the applicable framework, the designation created a requirement for the company to become publicly listed within…
In a year marked by geopolitical tensions, volatile equity markets and growing anxiety around artificial intelligence, Radhika Gupta, CEO, Edelweiss Mutual Fund, believes investors should resist emotional investing and focus on balance. “We live in a very social media-driven world that rewards extreme views,” Gupta said during an interaction after Edelweiss Asset Management Company crossed…
India’s macroeconomic outlook has improved with lower crude oil prices and better monsoon progress, but investors should continue to expect moderate equity returns as global capital remains focused on artificial intelligence (AI)-linked companies, according to S Naren, Executive Director and Chief Investment Officer at ICICI Prudential Asset Management Company (AMC), which managed funds worth $3…
