Wednesday, March 11
In a major revamp of the capital’s public distribution system, the Delhi government has notified the Delhi Food Security Rules, 2026, raising the annual family income eligibility for ration card holders from Rs 1 lakh to Rs 1.2 lakh. The new rules, framed under the National Food Security Act, 2013, also introduce digital-only applications, stricter screening, and a time-bound grievance redressal mechanism, aimed at refining the beneficiary base, plugging leakages, and enhancing accountability in the delivery of subsidised food grains.Applicants for new ration cards must submit a family income certificate issued by the Delhi Revenue Department along with Aadhaar details of all family members, proof of residence, existing ration card information, and a self-declaration confirming that the
ET Intelligence Group: HUL's year-on-year sales volume growth recovered to a multi-quarter high of 4% in the December quarter after staying flat in the prior quarter, reflecting traction across major business segments. However, it reported 70 basis point contraction in operating margin before depreciation and amortisation (Ebitda margin) at 23.3% driven by labour code related charges; the margin still remained above the company's guidance band of 22-23% indicating lack of any stress from operating costs such as raw material prices and inventory management. The FMCG major expects second half of the current fiscal year ending in March 2026 to be better than the first half and to report even better numbers next year. Its optimism is driven by progress in portfolio and channel transformation
Mumbai: Indian software services stocks cracked under a fresh bout of selling on Thursday, with the Nifty IT index tumbling more than 5% for the second time in less than 10 days as the unexpectedly strong US jobs data for January added to existing concerns over AI's impact on the sector. The NSE's IT benchmark fell 5.5% - closing at a 10-month low, with all 10 constituents ending between 4% and 7% lower. Coforge slid 6.6%, followed by Tech Mahindra, Oracle Financial Services Software, LTIMindtree and Infosys, which fell 6-6.4%. Thursday's sell-off wiped out ₹1.56 lakh crore from the Nifty IT index. US job data growth rose in January, signalling a strong labour market that could deter the Federal Reserve from cutting interest rates. Lower interest rates are expected to boost demand. But i
