Britannia Industries faced challenges in profit growth due to competition and inflation, but saw strong revenue growth in urban and rural markets. Margins were affected by inflation and employee expenses. Premiumization and core brand strategy boosted sales, but operating margins were impacted.
JM Financial has started covering Angel One with a 'Buy' rating and a target price of Rs 2,700. The discount broker has shown impressive growth in revenue, net profit, and client base. It has also expanded into new financial services like wealth management and insurance, while maintaining steady revenue from existing clients. JM Financial predicts a temporary dip in net profit in FY26.
Markets steady ahead of expiry tomorrow, Nifty and Sensex in green, small and midcaps outperform. Adani Power jumps 4% on news of $60 billion investment plan, GMDC up 6% after government approves incentive scheme for critical minerals. Tata Steel and other steel sector stocks gain on hopes of China rationalizing production.
The new GST rate on 375+ items is expected to boost consumption as Finance Minister Nirmala Sitharaman aims to maintain buying momentum by reducing taxes on regularly purchased items. The government is targeting recurrent consumption, including cars and motorcycles, to drive demand. This could result in "revenge buying" - a surge in consumer spending.
Vedanta, the top bidder for Jaiprakash Associates' assets, will pay Rs 17,000 crore. But Nuvama Institutional Equities sees this as a negative for minority shareholders and questions the reasoning behind the acquisition. They believe Vedanta should prioritize reducing debt instead. The company will reveal its plan after the creditors' committee approves the resolution in two weeks.
Finance Minister Nirmala Sitharaman denies West Bengal's claim of not receiving GST compensation and argues that without reforms, consumers will bear the burden. Amit Mitra, adviser to Mamata Banerjee, accuses GST Council of suppressing dissenting voices. However, Sitharaman refutes this, saying discussions were open and collective. She also rejects the idea of extending the compensation cess.
The BSA Gold Star, a classic single motorcycle, has returned to India and is being celebrated with an exchange program for riders. Customers can trade in any two-wheeler for up to Rs 10,000 and receive a limited-edition accessory kit worth Rs 5,896. The bike boasts a powerful 652cc engine, LED lighting, and modern details while maintaining its classic design.
TVS Apache range of motorcycles, a direct rival to Bajaj's Pulsar, has marked 20 years in India with the launch of special edition models. The limited edition bikes boast distinct aesthetics and come with a USB charger. TVS has also launched new top-spec trims for Apache RTR 160 4V and Apache RTR 200 4V, with additional features and new color options.
Steel Authority of India (SAIL) is set to pay a dividend of Rs 1.60 per share, with the ex-dividend date being today, September 8. The company's record date is tomorrow, September 9, and the dividend will be credited within 30 days of shareholder approval at the upcoming AGM on September 16. SAIL has a history of rewarding shareholders, with dividends in 2021 and 2022 standing at Rs 6.80 and Rs
September will see five defence sector companies, including Apollo Micro Systems, Cochin Shipyard, Garden Reach Shipbuilders & Engineers, Bharat Dynamics, and Mazagon Dock Shipbuilders, trade ex-dividend. These companies have declared final dividends ranging from Rs 0.25 to Rs 4.90 per share. Despite recent volatility, the share prices of these companies have delivered strong returns.
The sweeping GST reforms in India will have a strong impact on the economy, leading to increased demand, production, investments, and job creation. The government is closely monitoring the implementation to ensure benefits for all citizens and is addressing concerns of industries affected by US tariffs. Reforms remain a top priority for promoting economic growth.
Ratan Tata's close associate, Shantanu Naidu, shared six photos on Instagram with a young woman, hinting at a romantic relationship with emojis. The woman's face is hidden in all the photos, suggesting he wants to protect her identity. In one photo, they pose playfully, while in another, they are engrossed in conversation.
Elon Musk and Peter Navarro's feud intensifies as fact-checkers flag Navarro's post on India's oil imports on Musk's social media platform. Musk defends the platform's approach, emphasizing the power of people to shape the narrative and subject even influential figures like Navarro to fact-checking.
The upcoming week on Dalal Street will be influenced by corporate announcements, sector developments, and regulatory updates. Investors will also keep an eye on fund flows and policy cues. On September 5, Indian markets experienced a volatile day, with Sensex falling by 7 points and Nifty rising by 7 points. Major developments include Vedanta winning an auction, Adani Power, Hyundai, and more.
Jefferies rates Hexaware as a Buy with a target price of Rs 930 per share, expecting a 27% increase. They see the company as a mid-sized IT firm with strong growth potential and high-quality metrics comparable to larger IT firms. Hexaware is poised for growth through client additions, modernization, and expansion but may face restructuring and stake sale from major shareholders.
The Top of the Rockies in the Hyundai Palisade Calligraphy AWD offers a luxurious driving experience with its powerful engine and top-of-the-line features. This spacious SUV is perfect for navigating North America's highest roads, from the Continental Divide to Independence Pass.
The new GST regime, effective from September 22, has caused a rift in the two-wheeler market. Smaller bikes will now have a reduced tax rate of 18%, while bigger bikes face a steep increase to 40%. Industry experts have mixed opinions, with some questioning the decision and others seeing it as a positive change.
Amazon is providing fee reductions, AI tools, and compliance support to small businesses for the Great Indian Festival 2025. The fee cuts are applicable to popular categories like fashion, beauty, and home appliances, while AI tools aid with product listings and ads. The company is also improving logistics and assisting with GST registration to simplify interstate operations.
VinFast has introduced two new electric cars, VF 6 and VF 7, at affordable prices in India. The VF 6 has a range of 468 km and advanced safety features, while the VF 7 offers a range of 70.8 kWh and all-wheel drive. Its rivals include Tata Nexon EV, Curvv EV, MG Windsor, Hyundai Creta Electric, and Kia Carens Cl.
The US is experiencing a significant decrease in job opportunities due to slow job growth, inflation, trade policies, and the rise of AI. Sectors like retail, hospitality, and tech have been hit the hardest, resulting in thousands of job cuts. The situation is worsening as more companies struggle to survive.
The Adani Group is set to invest $60 billion by FY32 in renewables, power generation, and T&D. Adani Green Energy aims to expand its renewable energy capacity to 50 GW by FY30, while Adani Power will invest $22 billion to increase its capacity to 41.9 GW.
A fire in a 24-story residential building in north Mumbai resulted in the death of a woman and injuries to 18 people. The fire, caused by a faulty electric wire in the basement, quickly spread through the building's electrical duct. 36 residents were rescued and efforts to extinguish the fire were successful by 6:10 PM. The cause of the fire is still under investigation.
Finance Minister Nirmala Sitharaman has announced significant GST cuts for over 375 items, aiming to boost consumption and investment. She will also review the inadequate transmission of monetary easing with public sector banks. Despite having a large cash reserve of Rs 13.5 lakh crore, Indian companies' investments in Q1FY26 were the lowest in recent quarters.
India strengthens global presence through partnerships with Japan and participation in SCO summit. Decision to not attend Victory Day parade shows potential for improved relations with US. India's growth potential and resilience highlighted as US economy struggles. Nifty's support at 24,621, potential for short covering with close above 24,850.
Aviation analyst Wyngx challenges the official findings of the Air India AI-171 crash in a detailed documentary. Using a 3D model and publicly available footage, he questions the theories surrounding the crash and suggests the possibility of intentional activation of fuel cutoff switches and malfunctioning of the electronic locator transmitter.
India Inc's revenue growth in FY26 is expected to increase by 100-200 basis points due to the government's GST rationalisation. Conglomerates like Reliance and Tata Group will benefit, with companies like Reliance Retail and Jio passing on lower GST rates to consumers.
India raises concerns over export controls and trade imbalances at SCO meeting with China. Emphasizes on the need for transparent use of export measures and addressing persistent trade imbalances through expanded market access. Pushes for WTO reforms and cooperation in the digital economy.
AI is rapidly transforming the business landscape, with companies like JP Morgan, TCS, and Reliance establishing dedicated AI units and creating new leadership roles. These roles demand a mix of business and technical skills and a focus on responsible and ethical use of AI. The demand for AI-related leadership roles is increasing, highlighting the importance of AI in company strategies.
The Insolvency and Bankruptcy Code (Amendments) Bill, 2025 introduces section 164A to prevent company promoters from diverting funds before filing for personal insolvency. This allows resolution professionals to bring back "avoidance transactions" and discourage personal guarantors from transferring assets. The section also aims to restore the pre-transfer position of the company.
Taxpayers often rush to file their income tax returns (ITR) before the deadline, but many make mistakes in disclosing exempt income and capital gains. The reliance on the annual information statement (AIS) can also lead to errors and omissions, while high-value transactions can attract scrutiny from the tax department. Incorrect disclosures can result in penalties and additional tax liability.
Flexi-cap funds are gaining popularity due to their ability to withstand market volatility. In the first half of the year, these funds received Rs 31,500 crore in investments. Their defensive approach helps mitigate risk, while their flexibility allows for diversification and professional management.
Nippon India Mutual Fund's President and CIO, Amit Tripathi, suggests that RBI should issue floating rate bonds to tackle the bond market's demand-supply gap. Recent GST reforms have caused a decrease in yields, which could affect inflation and aggregate demand. While the RBI has other measures to manage the market, issuing FRBs could cater to investors seeking stable long-term sovereign bonds.
Jane Street's arguments against SEBI's interim order will be heard by the Securities Appellate Tribunal, potentially starting a long-drawn battle. SEBI's stance is to crack down on market manipulation, specifically targeting Jane Street's index arbitrage strategy. However, the firm maintains its innocence and is seeking access to all relevant material in the case.
The Indian office lunch break is changing as companies strive to offer healthier, faster, and personalized food options for the growing corporate workforce. Swiggy's DeskEats provides curated meals, while other companies like Massive Restaurants, Rassense, Sodexo India, and Rebel Foods also cater to the demand. Global players like Compass Group and Elior India are also entering the market.
The 2025 Asia Cup will be held in the UAE from September 9-28, featuring eight Asian countries. Indian fans can watch live streams on the SonyLIV app and matches will be broadcast on Sony Sports Network TV channels. The tournament will be co-hosted in Abu Dhabi and Dubai, with the opening and final matches in each respective city.
Geopolitics is impacting market trends, with recent events such as India's SCO meeting and Trump's comments on social media causing concern for investors. Indian markets are lagging behind global peers, while Chinese markets are attracting more foreign investors. FII outflows persist due to high valuations and uncertainty surrounding Trump. Focus is on Trump's actions and upcoming data releases.
Bihar gears up for assembly elections with political parties wooing voters. CM Nitish Kumar launches Mukhyamantri Mahila Rojgar Yojana to provide employment opportunities for women. Scheme offers financial assistance of Rs 10,000 and additional Rs 2 lakh for business ideas. Online portal and awareness program launched. Elections are expected in late October-early November.
Taylor Swift's engagement to Travis Kelce caused excitement among fans, but during Kelce's game, he was slapped by a player, sparking backlash and trolling from the player. Swift's absence was explained as being due to security concerns and high costs.
Anuparna Roy becomes first Indian to win Best Director Award at Venice Film Festival for 'Song of Forgotten Trees', speaks about Palestine in her winning speech. She thanked her cast and mentioned Indian filmmaker, Anurag Kashyap for his support. A moment in history, her film was among the 4,508 film submitted to the Festival's jurty.
Geoffrey Hinton, a Nobel laureate in computer science, cautions against the widespread use of AI, citing potential mass unemployment and the risk of creating dangerous weapons. He acknowledges the benefits of AI but emphasizes the need for responsible implementation to avoid negative impacts on society, particularly in terms of wealth distribution.
The internet is filled with heartwarming moments from Major League Baseball, providing a sense of positivity amidst recent controversies. While the "Phillies Karen" incident caused a stir, videos of fans giving away baseballs to young fans have also gone viral, showcasing the goodness of humanity. These moments serve as a reminder of the power of kindness and generosity.
Nike, a top US sportswear brand, introduced the 'Just Do It' campaign 40 years ago, now a timeless branding tactic. To appeal to Gen Z, the largest and wealthiest generation, the brand launched 'Why Do It' campaign, encouraging young athletes to make their own decisions and unleash their potential. While some praised the bold move, others questioned its impact on the brand's image.
India's LinkedIn market is booming, with 16 crore users and a projected position as the largest market in 2-3 years. The country's young digital workforce, eagerness to upskill, and reliance on human insights are driving this growth. LinkedIn is leveraging India's unique traits, like AI-proficient professionals and a thriving small and medium business ecosystem.
PM Modi's suggestion to FM Sitharaman led to a major effort to simplify the GST system, resulting in lower tax rates and easier compliance for businesses. The PM's reminder during Budget preparations kickstarted the process, with the GST Council making the final decision. The overhaul, effective from September 22, is being hailed as a "people's reform".
Paramount's new CEO, David Ellison, has imposed a five-day workweek in the office for all employees, with a buyout option for those who refuse. The move is aimed at unlocking the company's potential and will begin in New York and Los Angeles. In-person collaboration is deemed crucial by Ellison, and layoffs are anticipated in November.
BJP Kerala state president Rajeev Chandrasekhar has condemned the Kerala Police for filing an FIR against the Onam 'Pookkalam' themed 'Operation Sindoor'. He urged the police to withdraw the FIR, stating that it disrespects the victims of the Pahalgam terror attack and Indian soldiers. He also criticised the state government for allowing such appeasement.
A Gen Z candidate was shortlisted for a position by a Lead Developer at a company, but he turned down the second-round interview offer, claiming to be ‘1000 times better developer’ than the interviewee. The man has now shared a screenshot of the WhatsApp conversation between him and the HR, where Redditors criticise his lack of professionalism and question his English skills.
The GST Council has approved a simplified two-slab structure of 5% and 18%, with a 40% rate on sin goods, effective from September 22. The Cabinet Secretary has called a meeting to address concerns from various sectors. These reforms aim to make GST easier and more beneficial for MSMEs and manufacturers, while also benefiting consumers.
A government report exposes 20 custodial deaths in Rajasthan, with six being suicides, due to health issues such as chest pain and heatstroke. Investigations are ongoing in 13 cases, leading to disciplinary actions against police personnel for negligence. The Supreme Court has taken notice and ordered the installation of CCTV cameras in police stations.
Former royal butler Grant Harrold believes that Prince Harry and Kate Middleton could have dated if not for their current royal roles. Harrold remembers how close the two were and even thought they might get together during a break-up between Prince William and Kate. Prince Harry may have helped his brother realize the strength of their relationship.
A man was electrocuted during Ganpati Visarjan in Mumbai, where thousands had gathered to bid farewell to their deity. Five others were also hospitalised. They were rushed to nearby medical facilities, where Binu Sukumaran Kumaran (36) was reportedly “brought dead”.