In a surprise announcement, DMart has informed that Neville will not be offering his candidature for renewal as Managing Director and CEO at the conclusion of his current term in January 2026 – a year from now. This would be surprise to most as Neville has been a key driving force behind DMart’s success. In … Read more
In a significant decision, United Breweries (UBL) has suspended supply of it’s beer to Telangana Beverages Corporation Limited (TGBCL) with immediate effect. (TBCL is a public sector company that controls the sale of alcohol in Telangana. It has a monopoly on the wholesale and retail sale of alcohol in the state, including IMFL and beer) … Read more
Nishant Pitti, one of the three promoters has decided to sell his balance 14.21% stake in the Company. He is expected to sell it @15.6/ share i.e., Rs 780 cr via block deal. The Current trading price is Rs 17/ share. Various Institutional Investors such as CRAFT Emerging Market Fund PCC – Citadel Capital Fund, … Read more
The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, while caramelised popcorn (mixed with sugar) will be taxed at 18%. Importantly, there is no change in the existing tax rates. The Council has … Read more