Westlife Foodworld (formerly Westlife Development) has designated Amit Jatia as the new chairperson of the company. Jatia previously served as the Vice Chairman of Westlife Foodworld. Following the new role of Jatia, now Smita Jatia will be taking over as Vice Chairperson of the company. Amit, widely regarded as the country’s pioneer of the QSR […]
United Kingdom‐based SRAM & MRAM Group will invest USD 100 million in SpiceXpress and Logistics. Both sides have signed an MoU as part of the investment deal, SpiceJet said in an official statement. This move comes after SpiceJet successfully separated SpiceXpress into an independent entity as of 1 April 2023, paving the way for the […]
Colgate-Palmolive India (CPIPL) on Friday reported a 2.27 per cent decline in its net profit to Rs 316.22 crore for the fourth quarter that ended on 31 March 2023, due to a one-time tax reversal impact. According to the BSE filing, the personal care company posted a net profit of Rs 323.57 crore in the […]
Cipla Limited, the Indian pharmaceutical major headquartered in Mumbai has reported its earnings for the quarter that ended on 31st March 2023, the Indian pharma giant has registered a rise of 8.3 per cent in its consolidated revenue to be recorded at Rs 5,739 crores in the Quarter Four of Financial Year 2022(Q4FY23) up from […]
Adani Group-owned Ambuja Cements said on Friday it would expand its blended cement production capacity by 14 million metric tonnes, as part of a previously announced plan to double capacity over five years. Ambuja placed orders to expand clinker capacity by eight million tonnes at two units that would operate on green power or renewable […]
Following the announcement by MSCI that two companies of the Adani Group will move out of the MSCI India Index with effect from 31 May, shares of Adani Total Gas and Adani Transmission fell in morning trade on Friday. The stock of Adani Total Gas was down by 5 per cent to Rs 812.60 — […]
Vedanta on Friday reported an 80 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 3,132 crore in the quarter ended on 31 March 2023, against Rs 7,261 crore last year in the same quarter. Its consolidated revenue from operations also fell 5 per cent YoY at Rs 37,225 crore, compared to […]
Hindustan Aeronautics (HAL) on Friday posted a 9 per cent drop in its net profit to Rs 2,831 crore for the quarter ended March 31, 2023, against Rs 3,105 crore in the year-ago period. Revenue from operations of the firm jumped 8 per cent to Rs 12,494 crore for the quarter ended March, against Rs […]
Over 2,200 airplanes will be coming to India in the next 20 years and there is need to train 31,000 pilots, Boeing India President Salil Gupte has said. In an interview with ANI, Gupte said India is a place like no other when the civil and defence market are taken together. “The number that I […]
Indian state-owned oil refiner Hindustan Petroleum Corporation on Friday said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins. Net profit for the fourth quarter ended 31 March jumped about 80 per cent to Rs 3,223 crore from Rs 1,795 crore a year earlier, […]
