Indian multinational conglomerate, Patanjali Ayurved and its arm Patanjali Food & Herbal Park received a legal notice recently, pertaining to the usage of non – vegetarian ingredients in its personal care product, ‘Divya Dant Manjan’, a tooth powder claimed as green or vegetarian by the company. The matter was brought into the spotlight by advocate Shasha […]
Interglobe Aviation, the operator of India’s top airline, IndiGo, reported a second consecutive quarterly profit on Thursday, as strong demand for air travel more than offset a jump in fuel expenses. India’s biggest airline by market share has been grappling with high fuel costs and foreign exchange volatility that have dragged it to losses in […]
The master franchisee of Burger King in India and Indonesia, Restaurant Brands Asia, owned by private equity firm Everstone Capital, is in talks to sell its about 41 per cent ownership in the company. According to reports, Jubilant Foodworks, which runs Domino’s in India, as well as a group of PE companies Advent International and […]
Sustainable energy solutions provider Thermax posted a better-than-expected jump of 52 per cent in fourth-quarter net profit on Wednesday, helped by a 16 per cent rise in sales. Consolidated net profit rose to Rs 156 crore for the three months ended 31 March, from Rs 103 crore a year earlier. Analysts, on average, had expected […]
India’s Swiggy said on Thursday its food delivery business achieved profitability in March, less than nine years since its inception. The company, which also offers grocery delivery services, had recorded a wider loss for the financial year 2021-22 on a surge in expenses, the Economic Times reported in January. Swiggy has had multiple rounds of […]
JK Tyre and Industries reported a 31 per cent year-on-year rise in its net profit at Rs 263 crore for the quarter ended on 31 March 2023, against its figures in the year-ago period. According to a statement from the company, the tyre maker’s net revenues went up 22 per cent to Rs 14,681 crore […]
NimbusPost, a tech-enabled shipping aggregator, has signed a Memorandum of Understanding (MoU) with India Post, India’s government-operated postal service, to provide a seamless shipping experience for eCommerce sellers and buyers. The partnership was formalised in the presence of Vickey Kumar, Director of Postal Services (Mails & BD), Manu Dev, ASP, and Yash Jain, the Founder […]
ITC on Thursday reported a 22.7 per cent year-on-year (YoY) increase in consolidated profit at Rs 5,225.02 crore for the quarter ended on 31 March 2023, compared to Rs 4,259.68 crore previous year in the same quarter. The company’s onsolidated revenue from operations rose by 7.3 per cent YoY at Rs 19,058.29 crore, against Rs […]
In a major news, a Promoter of Vedant Fashions, owners of popular ethnic clothing brand Manyavar, launched an offer for sale (OFS) to offload 9.88 per cent stake in the company on Wednesday. As per reports, the promoter, Ravi Modi Family Trust, has decided to offload 9.88 per cent stake at floor price of Rs […]
French Crown, a retail and D2C fashion brand has announced its strategic plan to shift to a 32,000 square feet new office space in Surat, Gujarat. The new office space will serve as the base to expand its operations, accelerate supply chain management, exalt maximum market acquisition, and offer flamboyant customer support to its Indian […]
