Holani Venture Capital Fund, a Securities and Exchange Board of India (SEBI) Registered Category I Alternative Investment Fund (Alternate Investment Fund) on Monday stated that it launched a Rs 400 crore SME-focused fund with a green shoe option of another Rs 100 crore. The fund has now been duly registered under the Securities and Exchange […]
Titan, a fashion accessories company owned by Tata Group, reported a 17 per cent year-on-year growth in the fourth quarter (Q4 FY24), according to a preliminary business update released on 5 April. The company disclosed in an exchange filing that it added over 86 new stores during Q4, increasing its retail network presence to 3,035 […]
Marico’s shares surged by 3.24 per cent in Friday’s trading session following the release of its quarterly business update for the March quarter. The company reported that FMCG demand remained steady during the quarter, similar to previous quarters, with urban and rural consumption patterns largely aligning. In Q4 FY24, the domestic business experienced a slight […]
Samsung Electronics said it expects a notable increase in its first-quarter operating profit, surpassing expectations by over 10-fold. The South Korean tech giant estimated its operating profit to have soared to a staggering 6.6 trillion won (USD 4.89 billion) for the quarter ending 31 March. This figure represents a 931 per cent increase compared to […]
Despite a steep surge in gold prices in the second half of the quarter, jewellery giant Kalyan Jewellers’ consolidated revenue increased by roughly 34 per cent in Q4 FY2024, the company stated in a quarterly statement on BSE. The jewellery retailer’s consolidated revenue increased by 31 per cent in FY2024 compared to the previous year. […]
United Spirits has announced the acquisition of a 15 per cent stake in Inspired Hospitality, the parent company of alcohol beverage brand, Pistola, for Rs 5.65 crore, as stated in a BSE filing on Thursday. “The Company will subscribe to 3,494 (three thousand four hundred ninety-four) Compulsory Convertible Preference Shares (CCPS) and 10 (ten) equity […]
In the March quarter, Dabur reported that demand trends “remained sluggish,” but noted a pickup in rural growth. The company anticipates an uptick in consumption in the upcoming months, buoyed by a promising rabi crop harvest and predictions of a normal monsoon. The surge in rural growth is attributed to “price rollbacks” in staple food, […]
D-Mart, operated by Avenue Supermarts, recorded a nearly 20 per cent increase in standalone revenue from operations to Rs 12,393.46 crore for the fourth quarter of FY2024, compared to Rs 10,337.12 crore in the same period of FY23. As of 31 March 2024, D-Mart had a total of 365 stores. However, the company noted that […]
Pansari Group, a prominent player in the FMCG industry, has reported an outstanding performance for the fiscal year 2023-24, marking a 20 per cent surge in value and 39 per cent increase in volume. This growth sets the stage for further expansion and solidifies the brand’s position as a market leader. Highlighting their strategic focus […]
India’s car manufacturer Maruti Suzuki India Limited has touched a significant milestone by achieving a cumulative production of over three crore car units in India. The achievement has made it the fastest among all Suzuki production bases to reach this feat in just 40 years and 4 months since the start of production in December […]
