Avenue Supermarts, the operator of the DMart retail chain, announced a 6.6 per cent increase in consolidated post-tax profit of Rs 590 crore for the quarter ending December 2022, compared to Rs 553 crore the previous year. Total revenue for the October-December quarter was Rs 11,569 crore, up from Rs 9,218 crore in the same […]
In a trade update, DFS stated that group order intake for the 26-week financial reporting period ending 25 December 2022 was up 10.6 per cent compared to the same time before the pandemic, but down 4.8 per cent compared to the previous fiscal year. Group total sales increased 9.6 per cent compared to the previous […]
GTPL Hathway fell 4.16 per cent to Rs 132.35 as the company’s consolidated net profit fell 31.3 per cent to Rs 37.57 crore in quarter three(Q3) financial year (FY)23, compared to Rs 54.65 crore in Q3 FY22. In the quarter ended 31 December 2022, revenue from operations increased 14.44 per cent year on year to […]
The food regulator Food Safety and Standards Authority of India (FSSAI) has issued comprehensive standards for identifying basmati rice. Basmati rice should retain its natural fragrance characteristics while containing no artificial colouring, polishing agents, or fragrances, as per ministry statement. These standards, which have been announced, will go into effect in August this year. Brown […]
The Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger of multiplex operators PVR and INOX on Thursday. “We are pleased to inform you that the NCLT, Mumbai Bench, has approved the Proposed Scheme today, January 12, 2023. The Company is awaiting a copy of the detailed order, which will be disclosed […]
Bernard Arnault, Chairman and CEO of LVMH, has reshuffled top management at his luxury goods empire. Strengthening his family’s grip with the appointment of his daughter Delphine to lead Christian Dior and naming a new Louis Vuitton boss. Pietro Beccari, Dior’s CEO since 2018, will take over for long-time Louis Vuitton CEO Michael Burke. Both […]
BigBasket’s move into offline retail is intended to bridge the gap between offline and online experiences, as well as support its ambitious expansion plans amid rising competition in grocery retail, according to data and analytics firm GlobalData. The move comes at a time when consumers in India continue to prefer offline grocery stores. According to […]
Monte Carlo Fashions saw sales climb by approximately 12 per cent in the third quarter of FY23 and approximately 19 per cent in the nine months of FY23, according to the company’s regulatory filing on Wednesday. The company’s quarterly sales have been the strongest ever because of strong brand equity with customers, the newest fashion […]
Vaxfab Enterprises, a BSE listed Company, Agriculture & Textile Trading Company in India, reported Net sales of Rs. 202.88 Lakhs for the Third Quarter (Q3) ended in December, 2022, which is 7.5 times more than Net sales of Rs. 26.20 Lakhs for the Second Quarter (Q2) ended in September, 2022, according to the official statement. […]
Hindustan Unilever announced on Wednesday that it had completed the acquisition of a 51 per cent stake in Zywie Ventures for Rs 264.28 crore. Zywie Ventures, a wellness company, has been acquired by Hindustan Unilever. “Hindustan Unilever has completed the acquisition of 51 per cent of Zywie for a total consideration of Rs 264.28 crore […]
