Indian lead-acid battery maker Exide Industries reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide’s net profit after tax was at Rs 208 crore for the quarter that ended 31 March, while analysts on average expected a gain of Rs 252 crore, according to Refinitiv IBES data. The company’s Rs […]
Alibaba’s logistics arm aims to raise up to USD 2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub. Cainiao Network Technology’s initial public offering (IPO) plan comes after Alibaba flagged in late March […]
Hyundai Motor India has opened bookings of its Hyundai EXTER starting today. The booking starts at Rs 11 000. Customers will be able to now book Hyundai EXTER at Hyundai Dealerships across India or on their online platforms. On April 25, Hyundai Motor India unveiled a design of its SUV – Hyundai EXTER. The model […]
RattanIndia Enterprises launched its newest direct-to-consumer (D2C) athleisure wear Brand PUMP’D by its 100 per cent wholly owned subsidiary Neobrands, according to its regulatory filing. “PUMP’D is a high-performance athleisure line designed for fitness enthusiasts who want to feel good while looking good,” the company said. It features a range of functional and comfortable men’s […]
Automobile firm Tata Motors has announced that it has achieved the 10,000-unit sales milestone for its Tiago EV since its deliveries commenced. The Mumbai-headquartered company said it also made it the fastest electric vehicle to achieve this milestone in less than four months. The Tiago EV is the ‘fastest booked EV in India’, receiving 10,000 […]
Daikin Airconditioning India plans to become a USD 2 billion firm in the next three years, having passed the USD 1 billion mark in FY23, according to Chairman and Managing Director Kanwaljeet Jawa. For the fiscal year ending 31 March 2023, Daikin India had a revenue of Rs 8,860 crore. According to Jawa, the corporation […]
Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc’s portfolio. “Apple is different than the other businesses we own. It just happens to be a better business,” said Buffett during Berkshire’s annual meeting in Omaha, Nebraska. Berkshire revealed a USD 1 billion stake in Apple […]
Real estate developer Avighna Group has announced the expansion of its residential portfolio with plans to develop two ultra-luxury residential towers in Mumbai’s Worli. The two towers – a 17-storey and a 35-storey – will collectively have a saleable area of 2,00,000 square feet, the group said in a statement. The two projects will entail […]
Indian bread and biscuits maker Britannia Industries on Friday reported a bigger-than-expected 47 per cent jump in quarterly profit as strong demand and past price hikes helped expand margins. Consumer goods companies globally hiked prices of products or reduced quantities to offset cost inflation and protect their earnings margins. Britannia, which sells the Marie Gold […]
Marico home to popular brands Parachute and Saffola, reported a more than 20 per cent jump in quarterly profit, helped by a recovery in rural demand and easing inflation. Marico’s consolidated net profit stood at Rs 302 crore for the three months ended 31 March, compared with Rs 251 crore a year earlier. Consumer goods […]
