KINGFISHER
Prince George's kingfisher drawing renews attention on King Charles' famous watercolor paintings which minted £2 million over the years, making him one of the best-selling artists in UK
Prince George's artistic expression is highlighted in a special edition of the Country Life magazine. The edition was guest-edited by his father, Prince William, who features George's drawing. King Charles, Prince George's grandfather, has a long-standing passion for watercolor painting. He has sold his artwork for significant amounts, donating proceeds to charity. Catherine, the Princess of Wales, also contributed to the magazine with an interview.
These large-, mid- and small-cap stocks have upside potential of up to 31% in 1 year, according to analysts
In the last two years, the world has learnt that you can never quite predict what US President Trump will do next. Tomorrow, to pull attention one way or another, there could well be some more action against Iran, changing the mood again in a single afternoon. So, the improvement in sentiment is real, but it is also fragile.
Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisis
In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations.
Rs. 15 lakh crore of revenue, questioned by authorities – and the real worry was where the cash went
A company can report a loan, an advance, or an investment even after the cash has moved beyond its control. Sometimes the explanation is legitimate. Sometimes the money has been used for a purpose shareholders never approved. How does this happen?
‘IDBI Bank was handed over to us in poor shape’: Sitharaman hits back at Rahul Gandhi amid sale row
Nirmala Sitharaman responded to criticisms regarding the sale of IDBI Bank's majority stake. The bank was previously in poor condition and has since been revived. She stated that prudent management and recapitalization led to its current profitability. Rahul Gandhi has expressed concerns over job security and the impact of privatization on employees. The government approved Fairfax as the strategic buyer for 60.72% of the bank's shares.
These large-, mid- and small-cap stocks can give more than 20% return in 1 year, according to analysts
Here’s one thing that is worth clarifying, because it is in the headlines. Large global technology companies have been announcing heavy spending on AI, and there has been some correction in those stocks because of it. It is natural to worry that this will spill over into the Indian market. It most likely will not.
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UB expects Q3 profit growth to moderate on rising costs
United Breweries expects slower profit growth this quarter as raw material costs and marketing expenses increase. Regulatory delays are inhibiting price increases for nearly 30% of their operations, particularly in southern states. The company forecasts gross margins to decline slightly from the previous quarter's figures. United Breweries is prioritizing profitability over market share in specific regions amid intensified competition.
Tuborg maker Carlsberg India moves closer to IPO, files updated DRHP for complete OFS issue
Carlsberg India has filed an updated draft prospectus with Sebi for an IPO comprising 8.64 crore shares, entirely through an offer for sale by existing shareholders. The Tuborg maker could raise up to $700 million, according to earlier reports, as multinational companies increasingly tap India’s equity markets to monetise local businesses.
United Breweries shares rally 14% after Q2FY27 profit jumps 191% YoY
United Breweries shares surged by 14.44% as the company announced a staggering 191% jump in net profit, now at Rs 135 crore for the September quarter of FY27. Additionally, net sales increased by 24% to reach Rs 2,537 crore, driven by strong premium beer sales. However, despite this impressive performance, the stock has seen a decline of about 30% over the previous year.
United Breweries Q2 Results: Profit jumps nearly 3 times to Rs 134 crore on volume growth, premiumisation
United Breweries Ltd experienced a nearly three-fold increase in net profit for the September quarter. The company's revenue from operations rose by 23.7 percent year-on-year, reflecting strong market performance. Premium volumes notably surged, particularly for Heineken Silver and Kingfisher Ultra, enhancing UBL's premium offerings. Total expenses also increased, but operating efficiency and cost control contributed to profitability expansion. UBL remains optimistic about future growth opportunities in the Indian beer market.
Expensive flights, struggling airlines: Why India's airfare crisis has no easy fix for passengers
India's proposed new airfare framework would require airlines to submit fare structures to the DGCA a month in advance, amid festive-season fare spikes of up to 68% on major domestic routes. Rising fuel costs, limited capacity and airline failures complicate efforts to protect passengers from steep price increases.
BoE to put barn owls, bees on future notes
The Bank of England is embracing a new approach by swapping out renowned Britons on banknotes for images of local wildlife like barn owls, bumblebees, and hedgehogs. This initiative follows a public consultation with around 500,000 participants voting on animal preferences. Despite a decline in cash transactions amid the COVID-19 pandemic, some Britons are eager for a return to cash usage, keeping this change timely and relevant.
SBI-led lenders say Vijay Mallya owes Rs 8,752 crore more
A group of lenders, spearheaded by the State Bank of India, has revealed that Vijay Mallya still owes an astonishing Rs 8,752 crore. This figure remains despite having recovered over Rs 10,270 crore, including recent payments. Mallya's claims of settling his debts with banks are in question. Court proceedings continue regarding the recovery of dues and criminal charges, with the Enforcement Directorate asserting that even recovered funds don't dismiss ongoing criminal cases.
'Clearly desperate': US military refutes Iran's claim of seizing underwater drone in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps claimed to have captured an advanced American unmanned underwater vehicle recently. The US Central Command, however, refuted these claims, asserting all its drone assets remain accounted for. The IRGC claimed the vehicle was involved in espionage activities in the strategic Strait of Hormuz. They stated that the operation was coordinated with military intelligence and electronic warfare capabilities.
Zerodha’s Nikhil Kamath lives in 7,000 sq ft apartment at Bengaluru’s Kingfisher Towers, featuring panoramic skyline views, floor-to-ceiling windows, a wooden-decked balcony, modern art, concierge services, private parking and advanced security
Nikhil Kamath house tour: Nikhil Kamath lives in a large apartment located in Kingfisher Towers, a prestigious area of Bengaluru. The apartment features modern design elements and expansive living spaces that promote comfort and relaxation. Kamath co-founded Zerodha, an influential brokerage firm that significantly contributed to his wealth. His portfolio extends to investment management and startup ventures, enhancing his financial influence. Kingfisher Towers offers residents various amenities, making it a desirable living destination.
Bombay HC warns Vijay Mallya against posting court documents on social media
The Bombay High Court warned Vijay Mallya against posting court documents on social media while his money laundering case is pending. The warning came after the Enforcement Directorate told the court that Mallya had uploaded its affidavit on social media before the document was formally submitted for the hearing. The HC adjourned the matter to October 13 and directed SBI to file its reply.
Global Market: European shares muted at open as investors track US-Iran talks, oil gains
European shares opened largely flat on Tuesday as investors remained cautious over potential US-Iran talks and developments around the Strait of Hormuz. Energy stocks gained 0.4% as oil prices recovered, while retail stocks rose 1.3%, led by Kingfisher. Insurance stocks declined, and investors awaited euro zone consumer confidence data for further economic signals.
India’s no. 2 paintmaker Berger Paints plans expansion to fend off Birla, JSW
Berger Paints is strengthening its market position against new competitors. The company plans new luxury paint lines and expanding its exclusive outlets. It is also investing in new manufacturing facilities in eastern India. This strategy aims to counter pricing wars and secure market share. The Indian paint sector anticipates growth driven by urbanization and real estate.
Recovery of bank dues can't end Vijay Mallya's PMLA case: ED
The Enforcement Directorate informed the Bombay High Court about Vijay Mallya's case. It stated that recovering bank dues does not end money laundering proceedings. Restoration of assets under PMLA is for restitution, not extinguishing the case. The agency clarified that criminal prosecution remains valid despite asset recovery. Therefore, recovered amounts do not render the PMLA proceedings infructuous.
In 2025, British naturalist Chris Packham helped restore 55 acres in Devon with 3,500 native trees; a year later, wetlands, wildfowl, waders and otters had transformed the former pasture
A rewilding project in Downicary, Devon, has transformed a plain field into a vibrant wetland. This initiative has successfully attracted diverse wildlife, including otters and kingfishers to the area. Meanwhile, Bowyers Wood in East Sussex has seen the return of beavers after four centuries. Earth moving at Bowyers Wood created new habitats for reptiles and small mammals.
Vijay Mallya continues to evade Indian law, recovery of assets doesn't absolve him: ED
Vijay Mallya continues to evade legal processes in India. The Enforcement Directorate stated debt recovery does not absolve him of charges. Properties worth over fourteen thousand crore rupees were handed to banks. Mallya left India in March 2016 and remains elusive. Money laundering charges persist despite substantial asset restoration.
Should I become a cockroach? says Fugitive businessman Vijay Mallya
Vijay Mallya, declared a fugitive economic offender, has questioned the legal action against him over dues linked to Kingfisher Airlines. In posts on X, the businessman alleged that an Enforcement Directorate affidavit showed Rs 14,131.60 crore had been recovered and handed over to banks in 2021. He also questioned why he continues to be described as a fraudster.
Sri Lankan Airlines appoints Vipul Misra as acting CEO
SriLankan Airlines has appointed Vipul Misra as acting Chief Executive Officer, while he will continue to head its engineering division. Misra brings over two decades of aircraft engineering and aviation leadership experience across Air India, Vistara, IndiGo, SpiceJet, Kingfisher Airlines and Air Deccan. He holds a master's in aerospace law.
‘I am legally prohibited from leaving’: Vijay Mallya fights back against the ‘bhagoda’ tag
Vijay Mallya asserts he is legally barred from leaving the United Kingdom. He claims the Indian government has treated him with gross injustice. Mallya states banks have recovered significant funds against his debt. He questions his fugitive label and media portrayal as a fraudster. The Enforcement Directorate reportedly released funds for employee payments from his assets.
UBL sees India as key growth engine for Heineken; focuses on premiumisation, margin expansion
United Breweries Ltd sees India as central to Heineken's growth agenda. The Indian market is experiencing rising premiumisation and offers significant expansion opportunities. Heineken NV plans to expand Ebitda margins in India over the medium term. The company highlights its strong brand portfolio and 100 percent localisation of requirements. State-level reforms are accelerating category growth and creating attractive opportunities.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
US bond yields remain elevated, suggesting that the debt market expects inflation to move up. Now, if the risk-free returns indicated by the yield on US bonds stays high, it means that flows to emerging markets will be lower. However, this is likely to be a short-term thing; we have seen this happening in the past as well.Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
UBL’s Delhi beer business crosses Rs 250 crore run rate after distribution shift
United Breweries' beer business in Delhi has exceeded a revenue run rate of Rs 250 crore, helped by an operational shift to Adie Broswon Distribution. The popular Kingfisher Strong has sold over one million cases, contributing to the company's total beer volume of 1.5 million cases in Delhi for the fiscal year 2025-26.
Vijay Mallya's looking at TINA to save Kingfisher Airlines
For its part, Kingfisher plans to run as a smaller, leaner airline without the frills for now, until equity comes in, according to a company insider.
Vijay Mallya-promoted Kingfisher Airlines grounds 2 ATR Aircraft due to a cash crunch
At least 35 of Kingfisher's pilots have left the airlines over the past eight to nine months to join other rival carriers like IndiGo.
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