Reliance Industries’ credit rating has been upgraded to ‘A-‘ by S&P Global Ratings, citing improved cash flow stability and a strong earnings outlook driven by its consumer-facing businesses. The agency anticipates prudent financial management and expects earnings growth to outpace high capital expenditure, maintaining a stable outlook.Read More
Hindustan Unilever Ltd (HUL) has set December 5, 2025, as the record date for the demerger of its ice-cream business into Kwality Wall’s (India) Limited (KWIL). This strategic move aims to unlock value by separating the high-growth ice-cream segment. The demerger is scheduled to be effective December 1, 2025, with KWIL expected to list in February 2026.Read More
ITC Hotels shares will be in focus after British American Tobacco (BAT) announced plans to sell up to a 15.3% stake. BAT, which acquired the stake during ITC’s hotel business demerger, aims to use the proceeds to reduce leverage and meet its 2026 financial targets. ITC Hotels became a separately listed entity in January 2025.Read More
Fitch Ratings expects Indian IT services to post mid-single digit revenue growth in 2026 as global macro conditions remain flat and discretionary tech spending stays weak. BFSI demand remains steady, but consumer, retail and manufacturing lag. Fitch says Indian IT is well positioned for AI-led enterprise transformation, while GCC expansion heightens talent competition and wage pressures.Read More
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