Coffee Day Enterprises reported its Q3 FY24 results on 13 February 2024. The topline climbed by 5.36 per cent, and the profit reached Rs 69.18 crore. It is worth noting that Coffee Day Enterprises reported a loss of Rs 402.06 crore in the previous fiscal year over the same period. In comparison to the previous […]
The producers of chocolate brands, Hershey and Cadbury, are contemplating further price adjustments to counteract an unprecedented surge in cocoa prices. Despite facing challenges such as reduced consumer purchases and potential impacts on profits due to inflation, these chocolate makers have consistently passed on the escalating costs to their customers. Over the past year, cocoa […]
Italy’s AGCM competition watchdog has fined British American Tobacco (BAT) and Amazon a total of 7 million euros ($7.5 million) for misleading advertising concerning heated tobacco products. BAT faces a 6 million euro fine, while Amazon’s penalty is 1 million euros. The fines were imposed due to insufficient information provided to consumers about the nicotine […]
Aditya Birla Fashion and Retail (ABFRL), on Wednesday, reported a rise of 16 per cent in consolidated revenue from operations in the third quarter ended December 2023 despite muted demand, it said in a regulatory filing. In Q3 FY24, the company recorded consolidated revenue from operations at Rs 4,167 crore compared to Rs 3,589 crore […]
Footwear retailer Liberty Shoes has reported a dip of 62.9 per cent in net profit at Rs 1.85 crore in the unaudited results of the third quarter ended 31 December the current fiscal 2022-23 as compared to the net profit of Rs 4.99 crore in the same period of the previous fiscal 2021-22, according to […]
Walmart is reportedly in discussions to acquire smart-TV manufacturer Vizio for over USD 2 billion, potentially securing more than a fifth of the U.S. television market and strengthening its advertising business. The proposed offer is almost 30 per cent higher than Vizio’s market cap of USD 1.54 billion on Monday. Walmart aims to leverage Vizio’s […]
The RBI has restricted Paytm Payment Banks from taking any further deposits or credit transactions which results in 55 per cent loss to the Paytm stocks One of the first unicorns of the Indian startup ecosystem, Paytm, which operates under the umbrella brand One97 Communication, was hit by an unexpected whip from the country’s central […]
The Body Shop appointed administrators to accelerate the restructuring of the UK business, as per the media statements. “Today, the directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley and Alastair Massey of business advisory firm FRP as joint administrators of the company, which operates The Body Shop’s UK business,” said an […]
Retail inflation in India eased in January to 5.10 per cent on an annual basis compared to a four-month high of 5.69 per cent in December. Inflation rates in rural and urban areas, respectively, stood at 5.34 per cent and 4.92 per cent, down from 5.93 per cent and 5.46 per cent, reported in the […]
Homegrown garment business Bombay Shirt Company has secured Rs 54 crore in a Series B fundraising round led by Singularity, which includes contributions from Caratlane founder and Singularity general partner Mithun Sacheti, according to a news press release on Monday. As part of the deal, new investors enter the capital structure through a secondary buyout of […]
