Tata Motors has reported a consolidated net profit that surged 2.4 times year-on-year (YoY) in its Q3 FY24 results, reaching Rs 7,025 crore. This figure exceeded the Rs 4,654 crore estimated by analysts. The company’s consolidated revenue from operations also saw 25 per cent YoY increase, totaling Rs 1.11 lakh crore. Sequentially, the bottom line […]
Amazon.com exceeded revenue projections, sparking an immediate surge of up to 8 per cent in its shares during post-market trading. The ecommerce and cloud giant attributed this success to the robust adoption of generative AI features across its cloud and online retail operations during the critical holiday period. The company’s cloud arm, Amazon Web Services […]
Bata India on Thursday reported a 30.3 per cent decline in its consolidated net profit at Rs 57.9 crore for the December quarter of FY24 compared to Rs 83.1 crore a year back. The company’s revenue stood at Rs 903.4 crore, increasing 0.35 per cent from Rs 900.2 crore in the year-ago quarter, Bata India said […]
Raymond reported a third-quarter profit rise on Thursday, as strong demand for its high-margin branded clothes and real estate offers outpaced cost increases. The company’s consolidated profit after tax nearly quadrupled to 1.84 billion rupees (USD 22 million) in the three months ended 31 December, according to an exchange filing. Following the results, the company’s shares rose 1 per cent. […]
India’s Goods and Services Tax (GST) revenue for January 2024 has jumped to Rs 1,72,129 crore, reflecting an impressive 10.4 per cent Year-on-Year (Y-o-Y) growth. This is the second-highest monthly collection ever and the third time in the fiscal year 2023-24 that collections topped Rs 1.70 lakh crore. From April 2023 to January 2024, gross GST collections totaled […]
Westlife Foodworld, the operator of McDonald’s restaurants in west and south India, failed quarterly profit projections on Wednesday, citing sluggish demand. Consolidated profit after tax fell nearly 53 per cent to 172.4 million rupees (USD 2.08 million) in the three months ended 31 December, according to an exchange filing. Analysts, on average, had expected profit […]
Mondelez International reported increased fourth-quarter sales, but higher prices impacted volumes, leading to a more than 2 per cent drop in its shares. While price hikes boosted profit margins until fiscal 2023, softer demand is now observed as budget-conscious consumers cut back spending. In North America, Mondelez experienced a 5.5 percentage point volume decline in […]
Boat, a consumer electronics brand said that Bollywood star Ranveer Singh has joined as an investor and the official face of its audio goods, according to the press release. Singh invested an unknown amount in the company. According to the statement, Singh’s entrepreneurial energy and extensive awareness of Gen Z and millennial audio tastes make him a […]
Finance Minister Nirmala Sitharaman has presented the budget for the sixth time. On Thursday, she unveiled the interim budget for FY 2024-2025 ahead of the official government takeover in July 2024. Sitharaman expressed confidence in BJP’s victory in the upcoming general election this year. She stated, “In July 2024, our administration will present a comprehensive […]
Finance Minister Nirmala Sitharaman stated on Thursday that the government intends to convert India into a developed country by 2047. During the interim Budget 2024-25 presentation, she stated that minimum support prices for ‘Annadata’ (farmers) had been raised frequently and properly. Sitharaman emphasised the government’s commitment to social justice as an effective and necessary model, […]
