Key Points
Though this January was bad, we have seen growth return over the last three weeks, and we will likely see an about 20% growth rate return by April, Satish Meena, advisor at Datum Intelligence, said.. Beauty bucks slowdown: Beauty and Personal care, for instance, saw strong sales during January and February, helped in part by winter sales and increased gifting around Valentines day..
Ola Electric, the initial public offering (IPO)-bound electric two-wheeler maker, has raised Rs 410 crore (around $50 million) from debt financing platform EvolutionX Debt Capital...
Driving the news: Regulatory filings with the Registrar of Companies (RoC) show that Ola Electric Mobility Ltd, the parent company of Olas EV business, has raised the amount by issuing non-convertible debentures to EvolutionX, which was set up by DBS and Temasek, and has backed Indian startups such as Udaan, PharmEasy, Mensa Brands and LendingKart...
The company got the refunds in the fourth quarter of financial year 2023-24, Infosys said.. Tax notice served: Additionally, the income tax department has slapped a demand of Rs 2,763 crore for the assessment year 2022-23, Infosys said in a regulatory filing late Saturday...
ET explains the tech behind Hume and what it means for users.. 14 years on, the marvel of DPIs expanding universe: Indias Digital Public Infrastructure, which has received a big fillip due to the Jan Dhan, Aadhaar and Mobile trinity, has not just increased access and inclusion for the countrys poor but is also now trying to fix pressing issues related to sustainability and AI compute power..
You might be interested in
Nestle India announces interim dividend of Rs 7/share, sets record date
07, Feb, 24Revenue from operations rose 8% year-on-year (YoY) to Rs 4,584 crore in the reporting fourth quarter. The company follows a January-December financial year.
Inflationary woes slow down Parle's growth in FY23
27, Nov, 23The biscuit maker posted net sales of Rs 17,223 crore while profit more-than-trebled to Rs 905 crore in the year ended March. A year ago, it had sales of Rs 16,490 crore and profit of Rs 255 crore, according to the company's latest filing to the Registrar of Companies. In FY22, the 90-year-old company crossed $2 billion in annual revenues, becoming the first packaged food company in India to breach the mark with the eponymous glucose biscuit brand breaching the billion-dollar sales mark.
Infosys CEO’s pay drops by 29% to Rs 56 crore in FY23
03, Jun, 23India Business News: BENGALURU: Infosys CEO Salil Parekh’s compensation dropped 29.
Ather Energy, Ola Electric see lukewarm response from investors: Report
07, Oct, 23Despite gaining significant market shares, Indian electric two-wheeler (E2W) market leaders like Ola Electric and Ather Energy are witnessing a lukewarm response from investors amid heavy losses and regulatory uncertainties, the media reported.
Nestle India Q2 Results: Net profit jumps 37% YoY to Rs 698 crore
27, Jul, 23Total sales for the said quarter stood at Rs 4,619.5 crore and were up 15% YoY. Domestic sales grew by 14.6% between April and June.
M&M Q4 PAT grows 18% to ₹2,637 crore, FY23 PAT up 56% at ₹10,282 crore
26, May, 23Mahindra & Mahindra Ltd. (M&M) reported that its fourth quarter consolidated net profit grew 18% to ₹2,637 crore from the same quarter last year led by enhanced profit from its auto and farm divisions. Profit from its hospitality and real estate businesses also contributed to the growth in profits.
Lower operating profit may hurt Vedanta's ability to service debt
21, Jun, 23Vedanta's earnings before interest, tax, depreciation and amortisation fell 22% on year to ₹35,241 crore in FY23 on lower prices of aluminum, lead and silver and a rise in raw material costs though company managed to better its operational performance.
PharmEasy fails to raise Rs 1,000 crore equity, breaches covenant on Goldman Sachs loan
01, Jun, 23PharmEasy was supposed to raise equity of around Rs 1,000 crore, or about $120 million, linked to its burn rate velocity. It has failed to do that after trying for a year and postponing its initial public offering (IPO). Negotiations are on to restructure terms or opt for capital raise. Goldman Sachs owns all assets as collateral.
We will see slightly better growth at Infosys than at TCS in near term: Sumeet Jain
13, Apr, 23So, I guess it is a wait and watch mode as of now. But if you talk about digital transformation and the cloud migration tailwinds, that are pretty much intact.
ONGC posts Rs 248 crore loss in Q4 on tax provisions
27, May, 23India Business News: NEW DELHI: India's top oil and gas producer ONGC posted a surprise loss in the March quarter after it made over Rs 12,100 crore provision for a contes.