tariff hikes

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

Jharkhand Mukti Morcha (JMM) leaders and workers protested LPG price hikes in Ranchi, citing financial strain on hotels and public hardship. They criticized the Union government's policies, comparing the situation to demonetization. The BJP countered, calling the protest a political stunt and urging the JMM to reduce state VAT on fuel, highlighting issues like electricity tariff hikes in Jharkhand.

Eating out is set to become significantly more expensive as commercial LPG prices have surged by nearly Rs 1,000 per cylinder. Bengaluru hoteliers are compelled to hike menu prices by approximately 10% due to this steep increase, which follows two previous hikes in recent months. This development poses a considerable challenge to the hospitality sector.

Nintendo is increasing the retail price of its Switch 2 console in several markets due to rising memory chip costs and changing market conditions. The company forecasts a decline in Switch 2 sales for the upcoming fiscal year, expecting to sell 16.5 million units, down from 19.86 million previously. This decision comes as manufacturing expenses rise, impacting Nintendo's financial outlook.

Campaigning for AIADMK and BJP candidates on V K K Menon Road, EPS said it was out of fear of losing the election that CM M K Stalin was spreading a false propaganda that the delimitation of parliamentary constituencies would affect Tamil Nadu.

Electricity prices in Delhi are set to rise as the Appellate Tribunal for Electricity ordered the DERC to liquidate over Rs 38,500 crore in regulatory assets. This accumulated debt, stemming from unrecovered costs since 2007 due to unchanged tariffs, will be recovered from consumers over seven years through a surcharge.