Regulatory body TRAI on Saturday clarified and denied news reports that it was undertaking a drive to probe all past tariff plans for predatory pricing. “There is no special drive being undertaken by TRAI to probe all the past tariff plans filed by telecom companies except those specific plans under examination,” the regulator said in […]
JSW Steel has posted an 11.70 per cent rise in its net profit at Rs 3,741 crore for March quarter 31, 2023, against Rs 3,343 crore in the year-ago period. According to stock exchanges’ filing, total income rose to Rs 47,427 crore from Rs 47,128 crore in the year-earlier quarter. The company also said total […]
Gulf Oil Lubricants India, a Hinduja Group Company achieved net revenue of Rs 792.05 crore and PAT of Rs 62.17 crore as against net revenue of Rs 638.93 crore and PAT of Rs 63.39 crore year-on-year. For the year ended 31 March 2023, the Company has achieved a net revenue of Rs 2,999.10 crore and […]
Electric consumer product manufacturer, Crompton Greaves Consumer Electricals (CGCEL) on Friday reported a consolidated net profit decline by 25.48 per cent at Rs 131.55 crore from Rs 176.55 crore last year in the fourth quarter that ended in March 2023. The company’s operational revenue increased by 15.7 per cent during the quarter under review against […]
Delhivery, a logistics company on Friday reported an increase of 32 per cent year-on-year (YoY) in consolidated net loss at Rs 158.6 crore in the quarter that ended on 31 March 2023, compared to Rs 119.8 crore the previous year in the same quarter. The company’s revenue declined by 10 per cent YoY at Rs […]
Food delivery platform Zomato’s consolidated net loss for the quarter ended March narrowed sharply to Rs 188.2 crore on the back of a 70 per cent jump in its overall revenue. Zomato’s revenue from operations for the last quarter came in at Rs 2,056 crore compared with Rs 1,211.8 crore in the corresponding quarter of […]
Reliance and Adani, two of the biggest corporate conglomerates run by high-profile billionaires Mukesh Ambani and Gautam Adani, dropped their initial plan to buy the assets of Future Group. While the two companies are mum about their most recent actions, reports claim that they had to alter their plans due to the high value of […]
India-based global entrepreneur Teja Chekuri has acquired nine US Dunkin franchisees for USD 18,000,000 via their company Golden Horn Group. Dunkin’ Donuts (DD) LLC, also known as Dunkin is an American multinational coffee and doughnut company. The Dunkin brand currently operates 13,000 franchisees worldwide. Nine of these are in Sharon, Hanover, Weymouth, Braintree, Quincy in […]
The Federation of Automobile Dealers Associations (FADA), the leading body of automobile retail in India, on Thursday submitted a critical representation to the Goods and Services Tax (GST) Council, urging an immediate reduction in the GST rate on two-wheelers from the current 28 per cent to 18 per cent. This timely and decisive intervention is […]
Shein, the Chinese fast fashion giant, will make a return in India via a partnership with Reliance Retail, the subsidiary business entity of Reliance Industries, according to media reports. The Indian government has given the nod to the partnership, which is expected to support Shein in attaining India’s large young population, the Wall Street Journal […]
