Cementmakers in India are experiencing a weak first half of the fiscal year due to rising costs. They expect price increases and seasonal construction activity to improve profitability. Price stability is noted after recent increases, which may help offset costs.…
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“The circumstances have changed and, therefore, the voices of concern are louder,” she said at a media event, in reference to reports that her administration has received suggestions to review levies on long-term capital gains (LTCG) for overseas investors. “I…
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IKEA’s store in Mons experienced temperature rises in refrigeration systems due to a cyberattack. Several European supermarkets, including Carrefour and Coop, also reported similar issues affecting their refrigeration control systems. A broader cyberattack targeted grocery retailers across Belgium, Estonia, Finland,…
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Irdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior executives and directors must seek approval to exceed prescribed shareholding limits under these plans. Insurers are required to monitor direct and indirect…
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The Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input from respective line ministries and industry stakeholders regarding these exemptions. Goods under review include materials for power projects and certain…
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Marico reported a 31% YoY rise in Q2FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. EBITDA increased 27%, margins expanded to 18.2%, and management expects double-digit growth during FY27.
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