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1 / 8Bharti Airtel | The telecom firm has completed the prepayment of all its spectrum dues from 2016, totaling ₹3,626 crore. This prepayment helps Airtel eliminate an interest burden of more than 8.65%. In total, Airtel has prepaid ₹28,320 crore of spectrum liabilities this calendar year.
2 / 8Asian Paints |The Paint Major’s Board of Directors approved the appointment of Ashish Rae, currently Associate Vice President – Project Sales as Associate Vice President – Retail Sales, Marketing & Commercial and as a Senior Management Personnel of the Company with effect from January 2, 2025. Further, Gagandeep Singh Kalsi, Associate Vice President – Strategy, Business Development, a Senior Management Personnel, will also handle Décor and Services with effect from December 23, 2024. The brief profile of Ashish Rae and Gagandeep Singh Kalsi is enclosed.
3 / 8Axis Bank | The lender is introducing changes to its credit card fees, effective December 20, 2024. Customers have started receiving notifications regarding these updates, which include a new redemption fee, revised interest rates, and additional transaction charges. These changes will impact both Axis Bank and Citi-migrated credit cards.
4 / 8Hyundai Motor India | The automobile company’s board has approved and recommended the reappointment of Unsoo Kim as Managing Director for a period of three consecutive years with effect from January 25, 2025.
5 / 8Parle Industries |The leading FMCG company, is set to roll out price hikes of at least 5% across its product portfolio from January. This increase will apply to a wide range of items, including bread, biscuits, rusk, cake products, and snacks.
6 / 8IT stocks (Infosys, TCS, HCL Tech & more) | Accenture on December 19 forecast annual revenue growth below Wall Street estimates on Thursday, hurt by weak enterprise spending on IT services. The company expects annual revenue to grow between 4% and 7%, compared with analysts’ expectations of 5.63%, according to data compiled by LSEG. It had earlier forecast growth of between 3% and 6%.
7 / 8Aviation stocks | In a significant development for the aviation sector, the upcoming 55th GST Council meeting is likely to deliberate on the possibility of bringing aviation turbine fuel (ATF) under the ambit of the Goods and Services Tax (GST) regime, according to a CNBC-TV18 report.
8 / 8Marico | Consumer goods firm Marico Ltd announced that it has successfully defended its position in a long-running excise duty dispute after the Hon’ble Supreme Court of India dismissed an appeal filed by the Commissioner of Central Excise (CCE) against the company and its job workers.
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