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Consumer panel orders Bevco outlet to pay ₹25,010 for overcharging customer

The commission bench found the outlet guilty of unfair trade practices

Court orders 10 free biriyani plates for five Sundays after man finds dead insect in food

A Puducherry restaurant, Briyani & Co., has been ordered to pay ₹10,000 compensation and provide 10 free biryani plates after a customer found a dead insect in his food. The consumer commission found the restaurant liable for serving contaminated food, deeming it a 'deficiency in service'. The eatery's contradictory responses further influenced the ruling.

HFCL shares slip 10% in two sessions after sharp 165% rally in 2026

HFCL shares extended their decline on Monday, falling nearly 5% in intraday trade to Rs 177.87, marking a second consecutive day of losses. The stock has now corrected about 10% in just two sessions, largely driven by profit booking after a stellar multi-month rally.Despite the recent pullback, HFCL remains one of the standout performers of 2026, having surged nearly 165% during the year on the back of strong defence orders, rising optical fibre demand, and robust order inflows.A key driver behind HFCL’s sharp upmove has been the growing global demand for high-speed digital infrastructure, fuelled by the rapid expansion of AI technologies. Optical fibre networks are increasingly seen as the backbone of this transformation, placing companies like HFCL in a strong structural growth position.Operationally, the company delivered a strong turnaround in the March quarter. Revenue nearly doubled year-on-year to Rs 1,824 crore, while EBITDA improved significantly to Rs 315 crore, compared to a loss in the previous year. Net profit also swung to Rs 184 crore from a loss of Rs 83 crore, reflecting a clear improvement in business fundamentals.According to Balaji Rao, Research Analyst at Bonanza, “The structural shift is real, product revenue has grown from 27% of the mix in FY21 to 59% in FY26, and exports now account for 41% of revenue. That’s a business fundamentally changing its character.”Order inflow remains supportiveRecently, HFCL received a purchase order worth approximately Rs 135.09 crore from RailTel Corporation of India, a Government of India PSU under the Ministry of Railways. The order is for the annual maintenance contract of the “Secure Operations Network” project for data centres supporting Indian defence forces.Valuation and technical concerns emergeAfter the sharp rally, valuation comfort has reduced, with HFCL trading at a price-to-earnings multiple of around 91.93, significantly higher than many peers in the telecom equipment space.From a technical standpoint, the stock also appears stretched. According to Trendlyne data, the 14-day Relative Strength Index (RSI) stands at 73.1, a level typically considered overbought, indicating the possibility of short-term consolidation or a pullback.In the March 2026 quarter, Foreign Institutional Investors slightly reduced their stake from 7.48% to 7.08%, while Mutual Funds increased their holdings from 6.68% to 6.92%, suggesting selective institutional interest despite recent volatility.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times.)

Pay ₹10 lakh each to three child victims of sexual offence, orders Madras High Court

Justice A.D. Jagadish Chandira directs Tamil Nadu government to pay the amount from the Child Victim Compensation Fund

Internet services suspended, prohibitory orders imposed in Jaipur for anti-encroachment drive

The demolition drive includes the removal of five religious structures encroaching within the Nandpuri road’s designated boundary

Kerala government issues orders reinstating suspended IAS officers B. Ashok and N. Prasanth in service

Pransanth was placed under suspension in November, 2024, which has since been extended multiple times whereas Ashok had been suspended in April this year

Mango Mayday: Dark spots on produce threaten Himsagar export shipments

West Bengal's Himsagar mango exports face a setback due to dark spots, a weather-induced disease affecting fruit quality. Continuous rain followed by high temperatures during the bagging stage led to the issue, potentially impacting overseas shipments. Despite this, exporters remain hopeful about fulfilling remaining orders.

West Bengal Govt Orders Probe Into CAA-Linked Violence In Murshidabad Under Mamata Rule

The anti-CAA protests of December 2019 had a significant impact on railway operations in West Bengal, with several stations and trains targeted by vandalism and arson.

Whodunit? 100 Surat homes demolished but no one knows who razed them

Over 100 homes were mysteriously razed in Surat's Nashir Nagar, sparking a major controversy. The Surat Municipal Corporation denies any demolition orders, yet officials and police were present. Authorities are investigating this 'ghost demolition,' allegedly to clear land for a private road project, with local MLA demanding strict action.

Bengal govt orders statewide survey of madrasas

Rights panel orders inspection of defunct public crematorium in Kadungalloor

Singapore orders blocking of online content targeting Indians

The directive from Singapore’s home ministry, said police, have targeted 14 specific posts that appeared to promote a narrative that Singapore is being over-run by Indians

Collector orders probe into 44 infant mortalities in Kakinada district

Kerala HC directs addition of father’s name in birth certificate of child who was born when parents were living together

Court orders addition of name exercising its extraordinary jurisdiction under Article 226 of the Constitution of India

Rights Commission orders rehabilitation of tribal woman living under tarpaulin in forest

The Collector has been asked to assess the possibility of admitting the children to a residential school

145 polyclinics rollout along with TIMS Sanathnagar inauguration

The Chief Minister is likely to inaugurate it on June 11, the department of Health is planning to organise handing over of appointment orders to 300 assistant professors and 272 staff nurses, apart from launch of other facilities on that day

Husband Cannot Give Excuse Of Unemployment To Evade Responsibility Towards Family: Delhi Court

Delhi court orders a man to pay Rs 6,000 monthly maintenance for minor son, rules unemployment excuse invalid and rejects claim that educated wife should be denied relief.

Court orders release of Congress leader Alka Lamba on condition of good conduct

Court orders release of Congress leader Alka Lamba on condition of good conduct

Consumer rights panel in Kerala orders boutique to pay ₹58,350 for delayed gown delivery as photoshoot called off

Punjab Govt orders drafting of law to curb arbitrary private school fee hikes