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Disney gives tepid outlook
Financial Express Mumbai
|February 03, 2026
WALT DISNEY SHARES slid after the world’s biggest entertainment company gave a tepid forecast for growth in the current period and the market awaits news on who will be its new leader.
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Disney said it expects challenges attracting international tourists to its domestic parks in its fiscal second quarter and warned of ongoing increased costs for sports rights. The forecast overshadowed results for the quarter ending December 27 that were boosted by record
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Financial Express Mumbai
Govt may sell small stake in LIC in FY27
THE GOVERNMENT MAY sell a small stake in the state-run Life Insurance Corporation (LIC) depending on the market conditions, financial services secretary M Nagaraju said on Monday.
1 min
February 03, 2026
Financial Express Mumbai
Snowflake ties up with OpenAl in $200-mn deal
SNOWFLAKE SAID ON Monday it has entered a $200 million partnership with OpenAI to integrate advanced artificial intelligence models directly into its cloud data platform, as enterprises increasingly turn to AI to extract insights from vast troves of data.
1 min
February 03, 2026
Financial Express Mumbai
Promoters will still prefer buybacks over dividends
THE BUDGET'S MOVE to correct the tax distortion by shifting buybacks into the capital gains regime, on paper, brings dividends and buybacks closer to parity.
3 mins
February 03, 2026
Financial Express Mumbai
Tax law on buyback comes full circle
In the current global uncertainty, investors, especially foreign ones, look for tax certainty and policy continuity. Buyback taxation qualifies for the same
3 mins
February 03, 2026
Financial Express Mumbai
Cut to boost defence aircraft ecosystem
WITH AN AIM to strengthen India’s self-reliance in defence aviation, Finance Minister Nirmala Sitharaman has announced a full exemption from basic customs duty on raw materials and components used for maintenance, repair, and overhaul (MRO) of aircraft by defence sector units.
1 min
February 03, 2026
Financial Express Mumbai
'FTAs a factor behind lower customs revenue estimate’
Central Board of Indirect Taxes and Customs Chairman Vivek Chaturvedi spoke to Kuldeep Singh on the proposals related to indirect taxes in Budget FY27.
2 mins
February 03, 2026
Financial Express Mumbai
Bond yield rises to one-year high on borrowing plan
THE GOVERNMENT BOND yields surged to one-year high on Monday as the market reacted negatively to the higher-than-expected gross borrowing by the government for 2026-27.
1 mins
February 03, 2026
Financial Express Mumbai
Food subsidy may cross FY27 BE by ₹25K cr
THE GOVERNMENT MAY have to hike food subsidy allocation by ₹25,000 crore in the next fiscal year from the Budget Estimate (BE) ₹2.27 lakh crore, if the Food Corporation of India (FCI) continues to hold surplus grains stock far exceeding the buffer, officials said.
2 mins
February 03, 2026
Financial Express Mumbai
Car sales up 12.5% in January
PASSENGER VEHICLE WHOLESALES rose 12.5% year-on-year in January to an estimated 456,272 units, compared with 405,522 units in the same month last year, marking a strong start to the calendar year for the domestic auto industry as demand remained skewed towards SUVs.
1 min
February 03, 2026
Financial Express Mumbai
Indus Towers Q3 profit tanks 56%
INDUS TOWERS ON Monday saw its net profit tank 55.6 per cent to ₹1,776 crore for the December quarter, but said recent government measures on AGR dues of a major customer are expected to aid the firm's financial stability and also“bode well” for its own prospects.
1 min
February 03, 2026
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