Avenue Supermarts, LTM Q1 Results Today Earnings Estimates
INDIA MARKET | Sat, 11 Jul 2026, 8:00AM IST
LTM is expected to report revenue 2% higher quarter-on-quarter at Rs 11,560 crore. Net profit is estimated to fall 17% to Rs 1,156 crore. Ebit is likely to rise 2% to Rs 1,748 crore.
Continue reading at NDTV
1m
Duty cuts put UK luxury cars in fast lane in India; prices may drop by Rs 1-3 crore
INDIA BUSINESS | Sat, 11 Jul 2026, 5:30AM IST
Luxury car prices in India are set to decrease significantly soon. This change follows the India-UK free trade pact taking effect July fifteenth. Customs duty on fully imported cars will drop to thirty percent. This reduction applies to an allotted quota of twenty thousand cars annually. Most companies are still preparing to announce their new pricing structures.
Continue reading at Economic Times
1h
Oil Ministry plays sunk cost card, mounts fresh E20 defence
INDIA BUSINESS | Sat, 11 Jul 2026, 5:30AM IST
Defending its policy, the government warned of the risk of stranding massive investments made in ethanol infrastructure over the past few years. If, after creating this capacity, we were to arbitrarily revert to E10, what happens to these investments? the ministry asked.
Continue reading at Economic Times
1h
Gray skies put tourists under monsoons magic spell
INDIA BUSINESS | Sat, 11 Jul 2026, 5:30AM IST
The monsoon season is attracting many travelers to various Indian destinations. Popular spots like Goa and Kerala are seeing increased tourist footfall this year. Hill stations in Himachal and Uttarakhand also report significant growth in hotel bookings. Overseas destinations like Tajikistan are experiencing a substantial rise in travel interest. Hotels and travel brands are offering attractive deals to boost seasonal tourism.
Continue reading at Economic Times
1h
Who Is Mikel Merino? Five Things To Know About Spain's World Cup 2026 Super-Sub
INDIA MARKET | Sat, 11 Jul 2026, 5:24AM IST
Mikel Merino has now scored late winners off the bench in Spain's last two FIFA World Cup 2026 knockout matches.
Continue reading at NDTV
1h
New York Times Accuses Federal Employment Agency of Retaliation
GLOBAL NEWS | Sat, 11 Jul 2026, 4:26AM IST
A May lawsuit by the Equal Employment Opportunity Commission claims the newspaper discriminated against a white male employee who did not get a promotion.
Continue reading at The New York Times
2h
INDIA MARKET | Sat, 11 Jul 2026, 2:44AM IST
Mikel Merino came off the bench to score a dramatic late winner as Spain beat Belgium 2-1 to reach the FIFA World Cup 2026 semi-finals.
Continue reading at NDTV
3h
INDIA MARKET | Sat, 11 Jul 2026, 2:20AM IST
Thibaut Courtois left the field in tears after suffering an apparent injury during Belgium's World Cup 2026 quarter-final against Spain.
Continue reading at NDTV
4h
US stocks today: US stocks end higher as investors turn to earnings season
INDIA MARKET | Sat, 11 Jul 2026, 1:34AM IST
US markets ended higher with the S&P 500 near record levels, driven by SK Hynixs strong Nasdaq debut and renewed momentum in AI-linked chip stocks. Investors remain cautious ahead of earnings season and inflation data, while geopolitical tensions and interest rate uncertainty continue to shape broader market sentiment.
Continue reading at Economic Times
4h
Trai pushes back on spam tag for 1600, 140 numbers
INDIA BUSINESS | Sat, 11 Jul 2026, 12:46AM IST
Trai clarified that tagging and blocking calls from 1600 and 140 series numbers is not allowed. Subscribers can manage promotional calls from registered telemarketers using the Do Not Disturb registry. The 1600 series numbers are designated for service and transactional calls by financial sector entities. This clarification follows Truecaller's statement about not marking such calls as spam. Spam calls from these number series have reportedly surged significantly.
Continue reading at Economic Times
5h
SK Hynix Stock Rises on First Day of US Trading
GLOBAL NEWS | Sat, 11 Jul 2026, 12:38AM IST
SK Hynix began trading at $170 a share, above its initial public offering price of $149, in the latest test of investor demand for A.I.-related companies.
Continue reading at The New York Times
5h
INDIA BUSINESS | Sat, 11 Jul 2026, 12:21AM IST
iPhone 17 models are experiencing shortages across retail and online platforms. This surge is driven by expectations of price increases and reduced supply. Retailers are actively informing consumers about potential upcoming price hikes. Market trackers note increased demand for iPhone 17 models in the current quarter. Apple has recently increased prices on other product lines.
Continue reading at Economic Times
6h
INDIA BUSINESS | Sat, 11 Jul 2026, 12:14AM IST
Indian Metals and Ferro Alloys (IMFA) is set to achieve substantial cost reductions and boost its production. By relocating operations from Therubali to Kalinganagar, the company aims for a remarkable output increase of nearly ninety percent over the next two years. The Therubali facility will repurpose to accommodate a new ethanol production unit, enhancing overall operational capabilities.
Continue reading at Economic Times
6h
India plans maiden retail spending survey
INDIA NEWS | Sat, 11 Jul 2026, 12:02AM IST
New Delhi: The government is considering launching a nationwide retail consumption survey to generate granular data on consumer spending patterns, people aware of the development said.The proposed survey, to be conducted by the ministry of statistics and programme implementation (MoSPI), will cover businesses across all National Industrial Classification (NIC) codes, from utensil and machinery stores to pharmacies and apparel outlets. It is expected to track retail sales of consumer durables and non-durables.The survey is likely to capture the value and volume of goods sold through retail establishments across states. "The government is considering the survey; no timeline has been decided yet," a government official saidAlso Read: Ecommerce isn't adding much to Retail Inc's cart132319005MoSPI is examining the time period of the survey, the official added.Unlike the Household Consumption Expenditure Survey (HCES), which records household consumption during a reference period, the proposed retail consumption survey will measure purchases at the point of sale.For instance, if a household buys one kilogram of rice but consumes only 500 grams during a month, the HCES records the quantity consumed, while the retail consumption survey will capture the entire one kilogram sold by the retailer.Digital payments data indicate robust consumer spending across retail categories. According to the National Payments Corporation of India (NPCI), transactions worth 79,705 crore were recorded at grocery stores and supermarkets in June.Spending at drug stores and pharmacies totalled 12,428.8 crore. Men's and women's clothing stores recorded 11,792.9 crore in transactions, while family clothing stores accounted for 7,059.8 crore. The initiative aligns with MoSPI's broader strategy of producing user-centric, high-frequency statistical outputs.The ministry aims to diversify official statistics by integrating survey findings with administrative and alternative data sources, while leveraging emerging technologies and partnerships to meet evolving data needs.
Continue reading at Economic Times
6h
Resale Prices For World Cup Final Seat Surge Up To $11.5 Million On FIFA Marketplace
INDIA MARKET | Fri, 10 Jul 2026, 11:39PM IST
With the World Cup final fast approaching, demand is expected to remain exceptionally strong.
Continue reading at NDTV
6h
FM Nirmala Sitharaman to meet heads of public sector banks on Monday
INDIA NEWS | Fri, 10 Jul 2026, 11:39PM IST
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Monday to review progress of foreign currency deposit mobilisation excercise being undertaken by them.
In a bid to attract foreign currency deposits by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Persons of Indian Origin (PIOs), the Reserve Bank of India last month withdrew, till September 30, interest rate ceiling on fresh Foreign Currency Non-Resident (Bank) deposits of 3-5 years' maturity.
The move came at a time when FCNR(B) deposit inflows weakened sharply, with net inflows dropping to just USD 946 million in FY26 from USD 7.1 billion in FY25.
The Finance Minister will chair a meeting of public sector banks and financial institutions, including IDBI Bank, on mobilisation of FCNR(B) deposits, Overseas Foreign Currency Bonds and External Commercial Borrowings on July 13, sources said.
Under the new arrangement, the RBI is offering a concessional foreign exchange
Continue reading at Business Standard
6h
DGCA Issues Warning Letter To IndiGo For Non-Compliance With Dangerous Goods Handling Norms
INDIA MARKET | Fri, 10 Jul 2026, 11:34PM IST
In its regulatory filing, IndiGo on Friday said the communication from DGCA was received on July 8.
Continue reading at NDTV
6h
more