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Is Airtel following in Reliance Jio's footsteps?

Tata Consumer Products Ltd on Wednesday reported a 52 per cent rise in consolidated net profit to Rs 407.07 crore for the March quarter on account of higher income.
It had posted Rs 267.71 crore net profit after tax in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing.
The company's total income rose to Rs 4,664.73 crore from Rs 3,965.39 crore in the year-ago quarter.
Total expenses were at Rs 4,180.35 crore as against Rs 3,455.93 crore in the same period last fiscal.
For the entire FY25, the net profit was at Rs 1,380.31 crore, up from Rs 1,300.99 crore in FY24.
The board has also recommended a dividend of Rs 8.25 per equity share of Re 1 each for FY 2024-25.
The dividend, if approved by the shareholders at the ensuing 62nd Annual General Meeting, will be paid/dispatched on or after June 21, 2025.

It had posted Rs 267.71 crore net profit after tax in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing

Realty firm Shriram Properties has acquired 5 acre land in Bengaluru to develop a housing project with a revenue potential of Rs 250 crore.
In a regulatory filing on Wednesday, the company informed that it has acquired a prime 5-acre land parcel at Yelahanka, North Bengaluru.
Shriram Properties plans to develop a premium residential complex with row houses/ villas on this project land over the next three years.
"With gross development value (GDV) of Rs 200-250 crore, the company is targeting to launch the project during H2-FY26," it said.
Gopalakrishnan J, CEO of Shriram Properties said, This strategic investment is well aligned with our objective of strengthening the Shriram brand's footprint in North Bengaluru, a region demonstrating sustained and robust growth potential.
Shriram Properties Ltd has delivered 48 projects with a saleable area of 26.5 million square feet, mostly in Bengaluru and Chennai and in recent years at Kolkata.
Bengaluru-based company has a strong developme

In a regulatory filing on Wednesday, the company informed that it has acquired a prime 5-acre land parcel at Yelahanka, North Bengaluru

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In the aftermath of a terror attack in Pahalgam, several travel agencies in Delhi said on Wednesday that nearly 90 per cent bookings for Jammu and Kashmir have been cancelled by tourists over safety concerns.
Around 25 people have asked them to cancel their bookings for the Union Territory, said Gaurav Rathi, owner of Swan Travellers, a company located in Shankar Market, Outer Circle, Connaught Place.
He added that most of the tourists had planned to visit Kashmir next month and are now requesting cancellations.
The attack took place around 3 pm on Tuesday, when terrorists descended from the mountains in Pahalgam's Baisaran valley and opened fire on tourists. The area, often referred to as "mini Switzerland" for its lush green meadows, is a popular tourist destination.
At least 26 people, mostly tourists, were killed in the ghastly attack.
Travel agencies in Delhi reported that nearly 90 per cent bookings for Kashmir have been cancelled, while some tourists are negotiating to shif

Around 25 people have asked them to cancel their bookings for the Union Territory, said Gaurav Rathi, owner of Swan Travellers, a company located in Shankar Market, Outer Circle, Connaught Place

Lieutenant Vinay Narwal, an Indian Navy officer from Haryana, was among 26 killed in a terror attack at Baisaran meadow in J&K's Pahalgam on April 22

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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Is Airtel following in Reliance Jio's footsteps?

Is emulating your competitor a bad idea? Not if it brings windfall gains to your company. It looks like Bharti Airtel has been doing just that for a long time now. Watch the video.

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