The Asian Development Bank (ADB) has approved a USD 130 million loan to increase agricultural productivity and promote horticulture agribusinesses to raise farmers’ income in Himachal Pradesh. “More than half of Himachal Pradesh’s land area is on the mountains and 90 per cent of the population lives in rural areas who are dependent on agriculture,” […]
Gold started the new year on a cheery note, up ~6 per cent in January in dollar terms and ~4 per cent in rupee terms. Underpinning the rally was annual inflation in the US slowing for a sixth straight month to 6.5 per cent in December, raising hopes of smaller rate hikes from the Federal […]
Agrochemical company India Pesticides (IPL) on Monday posted a 19.39 per cent decline in net profit to Rs 34.8 crore for the quarter ended December 2022, against Rs 43.17 crore during the previous quarter ended December 2021. According to a company statement shared with the exchanges on Monday, sales rose 14.53 per cent to Rs […]
The FMCG company Emami increased its consolidated profit after tax (PAT) by 5.05 per cent to Rs 219.52 crore in the three months that ended on December 31. In the same quarter last year, the company’s PAT totaled Rs. 208.96 crore. The total sales increased by 4% to Rs 971.85 crore. According to the company, […]
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 […]
After successfully carving a niche in the digital segment, D2C giant mCaffeine is all set to own the retail space. To help the brand achieve the milestone, Suman Kumar, the retail honcho who has headed the space for 20 years in brands like Pepsico, Marico, Coca Cola, Wipro, Godrej Consumer, and more, has come on […]
Beauty, a subjective term for many, but an exponentially growing business for others, is emerging as the centre of attention for investors in the past few years. Owing to the media portals, especially digital media across Instagram and Facebook, beauty (makeup and cosmetics) alongside personal care and skin regimes has caught traction. The segment is […]
Shoppers Stop, India’s leading retail chain, has recently partnered with Kerala-based Earthi, a luxurious Ayurveda brand, to launch the world’s first Kumkumadi Oil face sheet mask as well as a wide range of ayurvedic skin care and personal care products. Shoppers Stop will exclusively retail Earthi’s product portfolio drawing on its experience in the Indian […]
Cipla, an Indian pharmaceutical conglomerate, announced its results for the third quarter ended 31 December, 2022 (Q3FY23) on 25 January. The firm recorded a consolidated profit after tax (PAT) of Rs 801 crore for the quarter, up 10 per cent from the previous year’s figure of Rs 729 crore. In the September 2022 quarter, it […]
Torrent Pharma has posted a 14 per cent growth in its net profit to Rs 283 crore for the quarter ended December, against Rs 249 crore in the year-ago period. Revenues were up 18 per cent at Rs 2,491 crore, against Rs 2,108 crore in the corresponding quarter the previous year. The pharma firm’s gross […]
