The Oberoi family is embroiled in an inheritance dispute over the late PRS Oberoi's will, affecting the hospitality group's expansion plans. Anastasia Oberoi has moved the Delhi High Court against her step-siblings and cousin, leading to an interim order restricting the transfer of shares and protecting her and her mother's residence.
The government is considering using data from quick commerce platforms like Zepto, Blinkit, Instamart, and BigBasket to understand consumption patterns and economic activity. Quick commerce now accounts for 5-6% of household grocery spending and is growing rapidly. The Ministry of Statistics plans to revise the base year for national accounts to 2022-23 or 2023-24.
Havells India Ltd, a player in the consumer electronics sector, broke out of a 4-month range last week and reached new record highs. The stock, which had been consolidating in a narrow range since June 2024, hit a fresh peak of Rs 2023 on September 13, 2024. Experts suggest that short-term traders might consider buying the stock now, with a target of Rs 2,050 within the next 2-3 weeks.
