As part of the Union Budget, Finance Minister Nirmala Sitharaman announced several initiatives for the lab grown diamond industry. R&D grants will be provided to one of the IITs to encourage indigenous production of lab grown diamonds and reduce import dependency. Further, the government has also reduced the customs duty on lab grown diamond seeds […]
Dabur India’s consolidated net profit fell 5.4 per cent year on year (YoY) to Rs 476 crore in the September-December period. This compares to a net profit of Rs 504.35 crore declared a year earlier, according to the company’s regulatory filing. The company’s sales increased significantly by 3.4 per cent to Rs 3,043.2 crore, the […]
Tata Consumer Products on Thursday posted a 28 per cent jump in its profit after tax to Rs 369 crore for the quarter ended 31 December 2022, against Rs 288 crore in the year-ago period. The company posted a surge of 8 per cent in its revenue from operations to Rs 3,475 crore, against Rs […]
Raymond on Wednesday reported a decline of 5 per cent year-on-year (YoY) net profit at Rs 95 crore in the quarter ended on 31 December ,compared to the same quarter in the previous financial year at 100 crore , according to the company’s regulatory filing. Its revenue from operations grew by 18 per cent YoY […]
ITC Engage, one of India’s leading fragrance brands, has launched a new range of Eau De Parfums for occasion-based usage with day and night premium perfumes for men and women. In a first, ITC Engage, brings to bear the interesting interplay of fashion and fragrance. Exquisitely crafted, this new range of Engage Eau De Parfums […]
WK Life, an iconic London-based lifestyle brand marks its mega debut today in the Raipur city of Chhattisgarh state making it central India’s first store of its kind. In a grand ceremony at Ambuja City Centre Mall, the renowned brand opened its door for the first to Raipurites (Raipur people) with a monumental launch of […]
Godrej Consumer Products reported a 3.55 percent increase in consolidated profit after tax in the third quarter ended 31 December 2022, to Rs 546.34 crore on Tuesday. Godrej Consumer Products (GCPL) reported a consolidated profit after tax of Rs 527.6 crore in the same quarter last year, according to a regulatory filing. It said that […]
The Board of Aditya Birla Fashion and Retail, at its meeting held today, inducted Ananya Birla and Aryaman Vikram Birla as Directors. Ananya Birla and Aryaman Vikram Birla come with rich and varied experience straddling entrepreneurship and business building. The board believes that ABFRL will benefit from their new-age insights and business acumen. Commenting on […]
Welspun India reported a 66.55 per cent drop in consolidated net profit to Rs 43.83 crore in the third quarter ended December 2022, owing to reduced sales. Welspun India reported a consolidated net profit of Rs 131.06 crore in the same period last year, according to a regulatory filing. The consolidated total income for the […]
The Yogi Adityanath-led Uttar Pradesh cabinet has approved the new excise policy, in which the license fee of liquor and beer shops has been increased by 10 per cent. The decision was taken at a Cabinet meeting held on Saturday. The government has set a target of raising revenue of about Rs 45,000 crores from […]
