One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
Piramal Enterprises reported a consolidated net profit of Rs 48 crore in the September quarter. This is a significant improvement from the loss of Rs. 1,536 crore reported in the same quarter of the previous fiscal year, indicating an improvement in the company’s profitability profile. The company said that the total Assets under Management (AUM) […]
Lenovo Group reported a significant setback in its financial performance for the third quarter ending September, with a 16 per cent fall in revenue totaling USD 14.41 billion compared to the same period last year. This is the fifth consecutive quarter of declining sales for the company, as it grapples with the lingering effects of […]
Oyo has unveiled plans to prepay a substantial portion of its debt totaling Rs 1,620 crore through a buyback process. The company, on the brink of an IPO, is set to repurchase 30 per cent of its outstanding Term Loan B (TLB), the company revealed to Bloomberg. The debt repayment, slated for June 2026, follows […]
Kalyan Jewellers India reported a 27.1 per cent rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season. Consolidated net profit rose to Rs 135 crore from Rs 106 crore a year ago for the three months ended […]
Grasim Industries reported a consolidated net profit of Rs 1,163.75 crore for the quarter ended on 30 September 2023, up 15.31 per cent from Rs 1,009.17 crore in the same quarter last year. Its revenue from operations was Rs 30,220.68 crore, up 9.95 per cent from Rs 27,485.54 crore in the previous fiscal quarter, according […]
Patanjali Foods experienced a decline in its revenue from edible oil sales in the July-September quarter, attributed to a decrease in domestic prices influenced by a global price downturn, as per CEO Sanjeev Asthana. Asthana explained that since India heavily relies on edible oil imports, any fluctuations in global prices have a corresponding impact on […]
Aditya Birla Fashion and Retail Ltd reported a consolidated net loss of Rs 200.34 crore for the second quarter ending September 2023. The company, as per a regulatory filing, had a net profit of Rs 29.42 crore in the July-September quarter of the previous fiscal year. According to the filing, the revenue from operations for […]
Mumbai-Based Ashok Leyland Commits Rs 1,200 Crore Investment in Electric Vehicle Subsidiary, Switch Mobility The Board of Directors approved this infusion for capital expenditure, research and development (R&D), and operational needs in both the UK and India. The funds will be infused over the next few months, subject to statutory approvals, and will be administered […]
Parag Milk Foods, a manufacturer and marketer of dairy-based branded products on Thursday reported a 121.1 per cent year-on-year (YoY) rise in its net profit at Rs 251.9 million for the quarter ended on 30 September 2023. The festive momentum started strong with healthy demand across the segments. The total revenue for the quarter stood […]
