The Supreme Court has reinstated tax notices worth ₹20,000 crore to ₹23,000 crore issued by the Directorate of Revenue Intelligence (DRI) against major companies including Vedanta, Vodafone Idea, Adani Enterprises, and Canon. This decision overturns a 2021 ruling that had limited the DRI’s authority to issue such notices.
Darden Restaurants (DRI) reported disappointing first-quarter earnings, missing both revenue and earnings estimates. However, analysts remain optimistic about the company’s future, particularly due to its new partnership with Uber for delivery services. The analysts believe this partnership, coupled with other growth initiatives, will drive future sales and earnings growth for Darden.
Darden Restaurants, the parent company of popular chains like Olive Garden and Red Lobster, reported lower-than-expected earnings for the first quarter. Despite this, the company’s stock price climbed by over 8%. This rise can be attributed to a combination of factors, including a dividend announcement and a series of price target adjustments from various analysts.
Darden Restaurants, Inc. (DRI) reported first-quarter earnings that fell short of analyst expectations, but the company reaffirmed its full-year outlook and announced a new delivery partnership with Uber. This news, combined with the company’s share buyback program, sent DRI stock soaring over 7% in early trading.
Darden Restaurants, Inc. (DRI) is set to release its first-quarter earnings for fiscal 2025 on Thursday, September 19th. Analysts anticipate strong results, with earnings expected to climb from the previous year. Benzinga explores analyst ratings and insights leading up to the earnings release, providing valuable perspectives for investors.
The Directorate of Revenue Intelligence (DRI) has apprehended six individuals in Chennai and seized 10.13 kg of methamphetamine worth 50.65 crore, dismantling a major international drug smuggling network with its roots in Dubai. The operation, which involved the arrest of low-level operatives and key figures in the syndicate, highlights the DRI’s success in infiltrating the deeper layers of the drug trafficking operation.
The Directorate of Revenue Intelligence (DRI) uncovered a mephedrone factory in Nagpur’s Paachpavli area, seizing 51.95 kg of liquid mephedrone worth ₹ 78 crore. Four individuals involved in the operation were arrested, and further investigation is underway.
The Directorate of Revenue Intelligence (DRI) has busted a gold smuggling syndicate in Mumbai, seizing 9.31 kg of gold, 16.66 kg of silver, and Rs 10.48 crore in cash and other valuables. Four persons, including two African nationals, have been arrested. The syndicate was allegedly smuggling gold from Africa through the Mumbai international airport and processing it at a melting facility in Zaveri Bazar to remove foreign markings before diverting it to the local market. The DRI recovered USD 190000 in cash from the recruiter’s office, which was allegedly advance payment for smuggled gold. A buyer fled before DRI sleuths arrived at his office, but 351 grams of cut pieces of foreign-origin gold bars, 1,818 grams of silver, and Rs 1.92 crore in cash were recovered from his premises. The DRI intercepted two African nationals at a nearby hotel who allegedly smuggled and handed over the gold to the recruiter.
