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This sector is set to dominate Q1 earnings for all the wrong reasons
Oil marketing companies are set to dominate Q1 earnings but for the wrong reasons, with HPCL, BPCL and IOCL expected to post massive losses as elevated crude prices crushed fuel marketing margins. The sharp earnings hit is likely to overshadow profit growth in financials, telecom and metals, dragging overall India Inc. earnings.
Why BMC Can't Fix Mumbai Potholes Problem? Here's What Ashwini Bhide Said On Raj Shamani's Show
Bhide said the city's pothole problem will reduce substantially only after all roads concretised, with work expected to continue through 2027.
Will Sensex, Nifty continue to rally on Monday? Q1 earnings among 6 factors to drive Dalal Street this week
Sensex gained around 262 points to close at 77,764 on Friday, while Nifty 50 rose more than 95 points to end the session above 24,270 during Friday's trading session. The sharp gains added nearly Rs 44,155 crore to the total market capitalisation of all companies listed on BSE, pulling it up to Rs 480 lakh crore.
PS5 runs out faster on GTA VI rush amid demand to upgrade consoles
The highly anticipated Grand Theft Auto VI pre-orders have ignited a frenzy for PlayStation 5 consoles, with stock vanishing rapidly. Retailers report PS5s selling out within days, driven by the game's exclusive launch on current-gen consoles and Sony's strong marketing push. This surge, impacting all sales channels, shows the immense gamer demand clashing with ongoing supply chain issues.
Strict Milk Safety Norms In Maharashtra; FDA To Slap Rs 10 Lakh Fine On Violations
According to Mundhe, all phases of the milk supply chain are covered by the new regulations.
FDA issues compliance order for milk sector in Maharashtra; warns of Rs 10 lakh fine for violations
Maharashtra FDA has mandated strict food safety compliance across the entire milk supply chain, from farms to retailers. New guidelines aim to prevent adulteration and ensure uniform standards. Violations like operating without licenses or making false claims can now incur fines up to Rs 10 lakh. The FDA emphasized accountability for all stakeholders, including transporters, and warned of license cancellations for non-compliance, following similar actions in the hospitality sector.
BLS E-Services acquires Atyati Technologies for Rs 157 crore
BLS E-Services has acquired Bengaluru-based Atyati Technologies for approximately Rs 157 crore in an all-cash deal. This strategic move aims to bolster BLS E-Services' reach and impact in underserved communities by integrating Atyati's AI-powered banking solutions and extensive network of customer service points. The acquisition is anticipated to drive significant synergies, including network expansion and cost efficiencies, contributing to long-term growth.
IndiGo launches Lite fare with lower prices for cabin bag-only travellers
IndiGo has introduced 'IndiGo Lite', a new budget-friendly Economy Class fare for travellers with just cabin baggage. This option, available on all direct bookings from July 1 for travel starting July 15, includes a 7kg baggage allowance and a complimentary seat. Passengers can purchase additional services like checked baggage and meals separately.
India's Russian oil imports to hit record high in June, data shows
India's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to refiners seeking Russian barrels to offset potential supply disruptions from the Strait of Hormuz. Russian oil now constitutes over half of India's total crude imports, significantly increasing its dominance as the primary supplier.
Delhi peak power demand hits all-time high of 8,748 MW amid heatwave conditions
In an extraordinary turn of events, Delhi's power consumption skyrocketed to an all-time high of 8,748 MW on Monday, driven by a relentless heatwave. City officials commend the effective power infrastructure and strategic foresight that allowed for uninterrupted service. Nevertheless, this surge places immense pressure on transmission capabilities, with forecasts suggesting continued rises in usage throughout the season.
BSE announces change in licensing requirements for mkt data products
BSE Ltd on Monday said it will directly manage the licensing of its market data products for international clients starting January 1, 2027, a function currently handled by Deutsche Borse AG. International clients will continue to receive BSE Market Data Products from BSE starting January 1, 2027, with no interruption in service, the exchange said in a statement. BSE and Deutsche Borse AG are working together to ensure a smooth transition throughout the migration process. There will be no change for clients based out of India, who will continue to access market data products directly from BSE. In October 2013, BSE and Deutsche Borse AG entered into a market data service agreement for licensing BSE market data products to all international clients. Under this agreement, Deutsche Borse AG was responsible for sales and marketing of all BSE market data products to customers outside of India, while BSE serves all the domestic clients directly.
Kotak Mahindra Bank raises Dynamic Currency Conversion fee to 3.5%; Here is what it means for you
Kotak Mahindra Bank hikes Dynamic Currency Conversion fee to 3.5 % plus GST from 1 percent, effective August 1 2026, affecting all international ATM, POS and online transactions.