San Francisco-based customer relationship management (CRM) leader Salesforce reported its first quarter fiscal 2024 results, reflecting an 11 per cent rise in revenue, which marked the company’s slowest pace of growth in 13 years. Shares of Salesforce fell nearly 5 per cent in after-hours trading following the results announcement, despite having surged by over two-thirds […]
India’s exports of goods are projected to grow at an average annual rate of 7.5 per cent (outpacing the global average of 5 per cent) to reach USD 773 billion by 2030 from USD 401 billion in 2021, said Standard Chartered in a report. In a research report titled ‘Future of trade: New opportunities in […]
Prices of commercial LPG cylinders have been slashed by Rs 83.50 to Rs 1,773 per unit of 19 kg with immediate effect. However, there has been no revision in domestic cylinder prices. Oil marketing companies generally revise the LPG (liquefied petroleum gas) prices on the first day of every month. Domestic cooking gas prices vary […]
The North Bengal tea industry, which accounts for around 25 per cent of the total production of Indian tea, has incurred hefty losses this year due to very less rain and the incessant effect of pests. The industry is around 15 per cent behind the average production and it will touch up to 32 per […]
Major electricals and home appliances manufacturer V-Guard Industries on Tuesday reported a consolidated net profit decline by 41.14 per cent to Rs 52.72 crore for the fourth quarter that ended in March 2023. The company’s regulatory filing had posted a net profit of Rs 89.57 crore in the fourth quarter of the preceding year. For […]
Welspun Corp (WCL), a flagship Company of the Welspun Group, announced its consolidated financial results for the quarter and year ended 31 March 2023. Welspun shows the achieved target of 1 Million MT of Global Line Pipe Sales in FY23, the 8th time in the last 10 years. Stable and consistent business. While the results […]
ace turtle, India’s technology-driven retail company on Wednesday announced the launch of California casual lifestyle apparel brand Dockers in the country. “Introduced in 1986, the Dockers brand sparked a revolution in the way millions of men dressed around the world, shifting from the standard issue suit to a more casual look. More than 30 years […]
Phoenix Mills plans on investing more than Rs 2,000 crore to continue their ongoing portfolio expansion plans across major cities like Kolkata, Bengaluru, Surat and Pune in the ongoing financial year 2023-24. The company has already invested approximately Rs. 1,400 crore into these construction projects in 2022-23. The company is expected to commence operations in […]
R Systems, a Blackstone portfolio company on Tuesday announced that its Board of Directors has appointed Nitesh Bansal as the Managing Director and Chief Executive Officer of the Company, effective 30 May 2023. Nitesh joins R Systems after a 25-year career, with 23 years at Infosys where he held several leadership roles, most recently serving […]
State-owned and premier hydropower company NHPC has declared its earnings for the financial year 2022-23. It reported consolidated net profit for 2022-23 at Rs 3,890 compared to Rs 3,524 crore in 2021-22, an increase of 10 per cent. NHPC Power Stations achieved the generation of 24,907 Million Units (MUs) of power during the financial year. […]
