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 […]
Singapore state investor Temasek Holdings is considering investing USD 100 million in Indian jeweller BlueStone for a stake of about 20 per cent, two sources with direct knowledge of the matter told Reuters. The investment would value Bengaluru-based BlueStone, also backed by venture capital firm Accel and Indian industrialist Ratan Tata, at close to USD […]
The mid-sized company, Ajanta Pharma ended today’s trading session with a market value of 16,201.44 crore. It is a specialised pharmaceutical company that provides top-notch medicines in more than 30 different countries throughout the world. Ajanta Pharma said that its net profit stood at Rs 122 crore during Q4FY23 down by 14 per cent YoY […]
Piramal Enterprises, a leading diversified NBFC announced its consolidated results for the fourth quarter (Q4) and Annual FY2023 that ended 31 March 2023. The company reported Profit After Tax (PAT) 1 for FY23 grew 5 per cent YoY to Rs 1,902 crore and the total assets under management (AUM) stood at Rs 63,989 crore, whereas, […]
Go First cancelled all flights until May 12 due to operational reasons, the airline said in a statement on Friday. “We regret to inform you that due to operational reasons, Go First flights scheduled till May 12, 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations. A full refund will […]
Tech giant Google is all set to introduce its first-ever foldable smartphone, Pixel Fold, during the Google I/O 2023 event on May 10. According to The Verge, an American technology news website, Google hasn’t revealed any specs for the device, but a brief teaser video shows off a full-size outer display on a phone that […]
