Cello World, on Saturday, revealed its unaudited financial results, in which it reported a profit after tax (PAT) of Rs 86 crore for the quarter ended on 30 September 2023. The company’s revenue from operation stood at Rs 489 crore in the quarter. According to the company’s Q2 revenue breakup, 66.9 per cent of its […]
The discrepancy in official trade figures between India and China has widened this year, fueled by an increase in under-invoicing and potential financial losses to the Indian exchequer, despite efforts by tax authorities to address the issue. In the first 10 months of 2023, the difference between China’s reported exports to India and India’s reported […]
Daikin Air-conditioning India, a wholly owned subsidiary of Daikin Industries Japan, on Thursday, announced the commercialisation of its integrated air-conditioning & compressor manufacturing facility at Sri City, Andhra Pradesh. The new plant is spread across 75.5 acres, which aims to cater to the increasing demand for state-of-the-art air conditioning products manufactured in India, both domestically […]
Unicommerce, an ecommerce enablement Software-as-a-Service (SaaS) platform, reported a 43 per cent rise in order item volumes on its platform for the festive season sale month of 2023 (7th Oct – 5th Nov) as compared to last year’s festive season (22nd Sep – 21st Oct). Over 3000 online sellers processed over 70 mn order items […]
Rajkot based firm Gopal Snacks has filed preliminary documents with market regulator Securities and Exchange Board of India (SEBI) to raise Rs 650 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP) issued on Tuesday, the issue is completely an offer-for-sale (OFS) of equity shares. OFS includes shares by […]
Honasa Consumer, the recently listed parent company of Mamaearth, delivered strong financial numbers in its first half (H1) report ending 30 September 2023. The result boosted stock prices, to rally as high as 20 per cent to hit the upper-circuit. The digital first brand reported its H1 revenue to Rs 961 crore from operations, 33 […]
Titan’s stocks reached a 52-week high of Rs 3,415 on Wednesday’s trading session, leading the company’s market capitalisation to Rs 3 lakh crore. The stock opened at Rs 3,400 and extended its last day gains to more than 0.75 per cent. Titan reached a market value of Rs 1 lakh crore for the first time […]
Reliance Industries chairman Mukesh Ambani on Tuesday said that the group plans to invest an additional Rs 20,000 crore in West Bengal over the next three years. Speaking at the seventh edition of the Bengal Global Business Summit, Mukesh Ambani said the additional investment will be in the areas of digital life solutions, retail and […]
Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank’s latest meeting for further policy cues. Spot gold climbed 0.5 per cent to USD 1,987.79 per ounce, as of 12:15 GMT, […]
Struggling quick-commerce startup Dunzo has shifted all its employee accounts from Google to Zoho Workspace to reduce costs by at least a third, news agency PTI reported. Google Workspace’s enterprise plan costs around Rs 1,600 per user per month, while Zoho offers similar services at a fraction of the price, charging Rs 489. According to […]
