UltraTech Cement, reported a 38 per cent drop in quarterly earnings on Saturday, owing to an increase in expenditures. Profit for the three months ended December decreased to Rs 1,062 crore (USD 131.2 million) from Rs 1,710 crore the previous year, according to an exchange report by UltraTech. Consolidated revenue from operations was 15,520.93 crore […]
Reliance retail on friday reported a 6.2 per cent Year-on-year (YoY) rise in its profit at Rs 2,400 crore compared to Rs 2,259 crore in the same quarter last year. Its revenue from operations grew by 18.6 per cent YoY to Rs 60,096 crore. In the previous year it had posted a revenue of Rs […]
Union Minister of Commerce and Industry Piyush Goyal has asked the footwear industry to focus on quality and reduce import dependence to capture a larger share in the international market. The Minister emphasised that Quality Control Orders (QCO) for leather and non-leather footwear would be implemented with effect from July 1, 2023. He was addressing […]
Dodla Dairy’s net profit increased 31.76 per cent to Rs 35.39 crore in the quarter ended December 2022, from Rs 26.86 crore in the preceding quarter ended December 2021, as per the company’s regulatory filing. In the quarter gone by, sales increased 17.43 per cent to Rs 675.43 crore, up from Rs 575.19 crore in […]
Under the Export Promotion Capital Goods (EPCG) plan, the government has announced a one-time relief from maintaining average export obligations as well as the opportunity to prolong the export obligation duration for selected industries. The hotel, hospital, and educational industries are also eligible for this benefit. These industries will not be obliged to maintain average […]
Amazon Web Services (Asia Pacific Region-Hyderabad) said on Friday that it will boost its investment from Rs 20,096 crore (USD 2.7 billion) in 2020 to Rs 36,300 crore (USD 4.4 billion) by 2030, making it one of the largest FDIs into Telangana. This declaration comes after Microsoft, the world’s largest IT company, revealed plans to […]
V Retail, a Telangana and Andhra Pradesh-based footwear and clothing retailer that operates a retail chain under the brand name ‘Centro Style,’ has been bought by Reliance Retail. V Retail runs 32 Centro shops in the Andhra Pradesh, Telangana, and Karnataka markets. With the purchase of V Retail (Centro Footwear), Reliance Retail improved its product […]
Bikanervala, country’s leading manufacturer of traditional Indian savouries and sweets, and that also provides multi-cuisine experience at its dine-in outlets, launched its tenth restaurant in the city today. The new outlet is located at Golf Course Extension Road in Sector 57, Gurgaon. With the opening of this Quick Service Restaurant (QSR) format outlet in the […]
Surya Roshni, a manufacturer of steel pipes and electrical equipment, has received orders worth Rs 147.30 crore from Indian Oil Corporation (IOCL) and GAIL for the delivery of various types of pipe products. According to an exchange filing, the business secured an order from Indian Oil for the delivery of API-SL coated pipes and bare […]
Havells reported a 7.2 per cent fall in net profit for the December 2022 quarter, to 283.54 crore, on Thursday. Havells reported a net profit of 305.92 crore in the previous fiscal year in a regulatory filing. Havells’ revenue from operations increased by 12.8 per cent to 4,119.71 crore in the quarter under review, up […]
