Union Budget 2023 is presented on 1st February, is less than 10 days away, and all the sectors, especially the consumer goods/FMCG companies, are eagerly awaiting to see the possible new initiatives that the FM will announce to boost consumption and drive growth in the sectors. Rural markets continued to pull the FMCG sector down, […]
Bikaji Foods International recorded a Profit After Tax (PAT) of Rs.3,169.39 lakh for the fiscal year (FY) 2023’s third quarter (Q3). The PAT margin grew to 6.2 per cent in Q3 FY22, up from 2.4 per cent in Q3 FY22. “Taking the lead from the previous quarter, we have seen an increase in our revenue […]
The Yogi Adityanath-led Uttar Pradesh cabinet has approved the new excise policy, in which the license fee of liquor and beer shops has been increased by 10 per cent. The decision was taken at a Cabinet meeting held on Saturday. The government has set a target of raising revenue of about Rs 45,000 crores from […]
PhysicsWallah, an online ed-tech platform that provides an affordable and comprehensive learning experience to students has partnered with Unicommerce to ensure the seamless delivery of study material. In its endeavour to provide a great learning experience to students and incorporate technology in the education system, the company has integrated Unicommerce’s Order Management and Warehouse Management […]
Unilever appointed Hein Schumacher as its new Chief Executive Officer, the company said in a press release, adding, following an extensive, global search process. Hein will replace Alan Jope, who announced in September 2022 his intention to retire from Unilever. Hein is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became […]
Beauty, a subjective term for many, but an exponentially growing business for others, is emerging as the centre of attention for investors in the past few years. Owing to the media portals, especially digital media across Instagram and Facebook, beauty (makeup and cosmetics) alongside personal care and skin regimes has caught traction. The segment is […]
Delhivery has grown its involvement with several D2C businesses, including The Souled Store, a casual apparel brand, and Nestasia, a home-decor firm, the company said in a regulatory filing on Monday. While Nestasia and The Souled Store employed Delhivery’s express parcel services at first, both now use Delhivery’s enormous warehouse network and supply chain skills […]
The ministry of textiles has cleared 15 research and development projects worth Rs 32.25 crore across key strategic areas such as speciality fibres, protective textiles, high-performance textiles, geotextiles, medical textiles, sustainable textiles, and textiles for building materials. An official statement from the ministry of textiles said among these 15 R and D projects, seven projects […]
Goodyear Tire and Rubber Company said it will cut about 500 jobs, which is about 5 per cent of its total workforce, in its aim for cost-cutting, the Wall Street Journal. The company had also warned on Friday that fourth-quarter results fell below expectations as the elevated inflationary environment decapitated demand, according to a statement […]
Manyavar parent Vedant Fashions on Saturday reported an 18.11 per cent Year-on-Year (YoY) increase in its consolidated net profit to Rs 150 crore in the quarter ended 31 December 2022 compared to Rs 127 crore in the same quarter last year. The company’s revenue from operation grew by 14.73 per cent YoY to Rs 441.42 […]
