India’s leading payments and financial services company and pioneer of QR, Soundbox and mobile payments, Paytm has announced strong June quarter earnings driven by increase in merchants subscription revenues, merchant payment volumes and loan disbursals. In Q2FY24, the company’s revenue surged by 32 per cent YoY to Rs 2,519 crore and its EBITDA before ESOP […]
Adani Cement, a subsidiary of the Adani Group, has completed a refinancing program, securing a financing package of USD 3,500 million from 10 international banks. According to a press release by Adani Group, the refinancing, executed through Endeavour Trade and Investment Ltd, is aimed at terming out the acquisition finance facility for Ambuja and ACC, […]
In a significant move to strengthen its presence in the digital logistics landscape, Tata Motors has invested in Freight Commerce Solutions, popularly known as ‘Freight Tiger’. The announcement, made through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighted Tata Motors’ plans to acquire a substantial 26.79 […]
Nokia has reported staggering growth in its net sales within the Indian market, marking a remarkable year-over-year surge of 102 per cent. This surge, equivalent to an astonishing 121 per cent when measured in constant currency terms, has propelled Nokia’s net sales in India to an impressive Rs 567 million for the third quarter of […]
Home appliances maker Havells India reported a 33 per cent rise in second-quarter profit on Thursday, as cables remained in demand due to sustained infrastructure spending and as dry weather boosted air-conditioner sales. The company’s profit for the September quarter rose to Rs 249 crore from Rs 187 crore a year earlier, but missed analysts’ […]
Nestle India on Thursday reported a 36 per cent increase in consolidated net profit to Rs 908 crore for the September quarter of the financial year 2024 (FY24) as compared to Rs 668.3 crore a year ago. The total revenue of the company stood at Rs 5,036 crore, climbing 9.6 per cent from Rs 4,591 […]
Shoppers Stop on Wednesday posted an 83.2 per cent fall in second-quarter profit as the department store was hit by rising expenses and weaker demand, with customers delaying purchases of clothes and cosmetics due to a late festive season. The festive season in India – which started in September last year – brings in the […]
Bajaj Auto on Wednesday reported its slowest second-quarter revenue growth in three years, which also missed estimates, as price hikes failed to offset weak demand in rural India, which accounts for 55 per cent of total two-wheeler sales. The maker of the “Pulsar” range of motorcycles is the first to report results among India’s two-wheeler […]
The three fast-moving consumer goods (FMCG) companies Hindustan Unilever (HUL), Nestle and ITC are (19 October 2023) announcing their July-September quarter results today, with analysts expecting mild revenue growth from HUL, robust low-teen-digit revenue growth from Nestle and ITC’s expects to report volume growth in the mid-single-digit range for its cigarette business HUL HUL is […]
India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said. Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023. Amish […]
