GOLDEN TOBACCO LTD Q1 RESULTS
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
Golden visas for Indians: Amid changing rules and global uncertainty, golden visa calculations now include risk-hedging, estate planning, taxation
From EB-5 uncertainty to Portugal’s property ban, wealthy Indian families are rethinking their residency strategies as global rules tighten.
SpiceJet to unground 10 aircraft by April 2026, expansion underway to meet market demand
SpiceJet aims to restore grounded aircraft by April 2026, including several Boeing 737 NG, MAX, and Q400 planes. The airline has secured maintenance slots and dispatched engines for repair. SpiceJet received overhauled engines from StandardAero. SpiceJet raised funds and finalized a lease for ten Boeing 737s.
Health experts alarmed by GST cut on beedis, demand uniform taxation
Health experts have criticised the government’s move to cut GST on beedis from 28% to 18% while keeping other tobacco products at 40%. They warned cheaper beedis, widely used by poor communities, could worsen India’s tobacco burden. Doctors stressed beedis are as harmful as cigarettes, urging uniform high taxes to curb use, protect vulnerable groups, and reduce health costs.
Father Mother Sister Brother release date in U.S.: When and how to watch Jim Jarmusch's movie that wins Venice Film Festival's top prize?
Venice Film Festival's top prize has been won by "Father Mother Sister Brother".
New James Bond actor confirmed — but there’s a jaw-dropping twist that has everyone talking
James Bond is coming back in an all-new way, exciting fans. IO Interactive has introduced Irish actor Patrick Gibson as the main lead in 007 First Light, a reimagined origin story portraying Bond at just 26, as he navigates the way to get his 00 status. Revealed in Sony’s State of Play, the game combines espionage, stealth, and cinematic action showing a new narrative and updated showcase of M, Q, and Miss Moneypenny.
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SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Deadly illness outbreak triggers urgent recall of popular egg brand in 14 US states
Health officials warned about a Salmonella outbreak linked to popular egg brands in the US. Many people in different states have become sick, and some are in the hospital. The FDA announced an egg recall, and the CDC asked people to check their cartons. Consumers are told to stay safe and follow the recall advice.
Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore
Oyo has reported a profit after tax of over Rs 200 crore in the first quarter of fiscal year 2026, with revenue growing 47% to Rs 2,019 crore. The company's Gross Booking Value surged 144% to Rs 7,227 crore, driven by hotel openings and premiumization.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
The Golden Thumb Rule| Don’t drive with the rearview mirror — Kaustubh Belapurkar on why past performance misleads investors
Kaustubh Belapurkar cautions investors against solely relying on past performance when selecting mutual funds, highlighting that chasing top-performing funds often leads to disappointment due to poor performance persistence. He emphasizes the significance of evaluating risk-adjusted rolling returns, SIP returns, the strength of the investment team, and the consistency of the investment process for sustained success.
Omnichannel jewellery retailer Bluestone narrows Q1 loss as revenue rises 41%
For the Bengaluru-based company, which announced its first results after listing on the Indian bourses, total expenses during the quarter rose 29% to Rs 538.4 crore, led by a 51% jump in employee benefit costs to Rs 62.9 crore.
GST collections may dip initially, but festive demand will offset: CBIC chief
India's CBIC anticipates a temporary dip in GST collections post the September 22 overhaul, as businesses utilize accumulated ITC. However, festive demand is expected to boost sales. The GST department is collaborating with industries for a smooth transition to the new tax structure, which consolidates slabs and introduces a 40% rate for specific goods.
What tourists should not do in Singapore to avoid fines
Singapore enforces stringent regulations to maintain its reputation for cleanliness and order. Tourists should be aware of laws that prohibit chewing gum, littering, public nudity, smoking in restricted areas, and jaywalking. Severe penalties, including fines, imprisonment, and even caning, exist for offenses like drug possession, vandalism, and failing to flush public toilets.
GST 2.0: Biggest gainers and losers of the new tax regime
India has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The changes will impact good from dairy items to cars. New rates take effect from September 22. Daily use items see lower taxes. Cars, TVs, and cement also get tax cuts. Apparel costing over 2,500 rupees will see a tax increase.
GST Council approves highest tax rate of 40% on these goods
The GST Council has approved raising taxes on sin goods to 40% as part of a broader GST 2.0 overhaul, simplifying the tax structure to two main slabs. This move, expected by Diwali 2025, aims to discourage consumption of harmful goods while boosting government revenue. It also strategically counters new US tariffs on Indian goods.
Congress terms GST overhaul 'GST 1.5'; says wait for 'true GST 2.0' continues
The Congress party has criticized the GST Council's overhaul of the GST regime, calling it "GST 1.5" and questioning its ability to stimulate private investment and ease the burden on MSMEs. They argue that the wait for a "true GST 2.0" continues, particularly regarding the extension of compensation to states.
Small and mid-cap firms lag behind large caps in Q1 earnings show
An ETIG analysis reveals that small and mid-cap firms underperformed large caps in the June quarter, with profit growth hitting multi-quarter lows. Large caps saw improved profit and sales growth, maintaining stable profit margins, while smaller firms experienced declines.
Microsoft’s Satya Nadella reveals the 5 AI prompts to boost productivity and transform your day
Microsoft CEO Satya Nadella shared how he uses GPT-5 on Copilot to stay more productive at work. He revealed simple AI prompts that help him with meetings, projects, and planning. Other big tech leaders like Jensen Huang and Sam Altman also use AI daily. The story shows how AI tools are changing leadership and productivity.
GST Council defers rollout of 40% tax on tobacco and pan masala
The Goods and Services Tax Council decided on GST 2.0. The new tax overhaul will be live from September 22, 2025. A simplified two-slab system is approved. Essential goods will have 5% tax. Standard items will have 18% tax. Sin and luxury products will have 40% tax.
GST rate cut: What's in store for 36 lakh ITC shareholders? Jefferies analysts decode
ITC shares have delivered no returns in two years amid GST, BAT stake sale, and Marlboro concerns. Jefferies expects revenue-neutral GST changes, which could ease investor worries and support steady cigarette industry growth.
Want to change jobs on UAE Golden Visa? Here’s what happens to your residency
UAE Golden Visa holders can switch jobs without affecting their residency, provided they secure a new work permit. This self-sponsored residency, designed for investors and skilled professionals, requires the new employer to apply for the permit through MoHRE. The process ensures uninterrupted residency and benefits both employees and employers by streamlining onboarding and promoting career mobility.
JSW Cement Q1 profit before exceptional item & tax at Rs 164.74cr, revenue up 7.8%
JSW Cement Ltd reported a multi-fold increase in its profit before exceptional items and tax of Rs 164.74 crore for the first quarter ended June 2025.
Is India's Q1 GDP growth overestimated? The surprise behind the better-than-expected 7.8% number
HSBC India warns that India’s June quarter GDP growth of 7.8% may be overstated due to low deflators, especially in services and manufacturing. Inflation adjustments risk inflating real growth. External pressures like US tariffs and GST revenue impacts pose further challenges. Economists emphasize cautious optimism and stress the need to monitor growth sustainability amid evolving fiscal and global dynamics.
India Playbook 2025: Proposed tariff imposition from US punishes Indian market despite resilient economy
Global equities rallied on US-Russia talks, but Indian markets lagged, with FIIs turning sellers amid tariff fears, weak Q1 topline growth and slowing consumption. Yet, GST reforms and discounted Russian oil imports may cushion the economy.
RBL Bank shares rise 3% after Societe Generale acquires shares worth Rs 79 crore via bulk deal
RBI Bank share price: French lender Societe Generale executed a bulk deal in RBL Bank, purchasing over 31 lakh shares worth Rs 79 crore at an average price of Rs 250.57, while simultaneously offloading 1.29 lakh shares in another trade.
India Inc earnings downgrade drought shows first signs of breaking: Will Q2 mark the bottom?
The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.
GST authorities uncover Rs 104 cr tax evasion in illicit tobacco trade, 61 cases detected in Q1
GST authorities detected 61 cases of illicit tobacco products, involving Rs 104.38 crore in tax evasion, during the first quarter of FY25. Seizures of smuggled cigarettes have surged, with DRI data showing a significant increase in both volume and value since 2019-20.
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