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 […]
INOX Leisure fell 1.21 per cent to Rs 495.55 after reporting a consolidated net loss of Rs 40.41 crore in Q3 FY23, compared to a loss of Rs 1.32 crore in Q3 FY22. The multiplex chain operator increased its income from operations by 73.9 per cent to Rs 515.57 crore in Q3 FY23, compared to […]
One of the leading beverages firm Wild Drum has launched its new collection of hard seltzer drinks. These carbonated drinks are vegan, gluten-free, low-calorie, fat-free, and with no preservatives and are available in four delectable flavours-Pure, Peach, Mango, and Lemon-Mint It has two different strengths of 4.75 per cent ABV and 8 per cent ABV. […]
Polling of Indian consumers and business leaders reveals that 83 per cent of consumers consider a company’s purpose when making a purchasing decision and that 83 per cent will abandon a product or business acting inconsistently with its purpose – a sign that consumers have lost patience with organizations that do not follow the principles […]
The Centre has directed enterprises to include all necessary notifications, including MRP, on the outer pack of commodities that comprise more than one pack, including gift and multi-piece packs. According to the Consumer Affairs Ministry, it will be needed for all retail commodity packaging having more than one pack, including gift and multi-piece packs. According […]
Union Budget 2023 is presented on 1st February, is less than 10 days away, and all the sectors, especially the consumer goods/FMCG companies, are eagerly awaiting to see the possible new initiatives that the FM will announce to boost consumption and drive growth in the sectors. Rural markets continued to pull the FMCG sector down, […]
Bikaji Foods International recorded a Profit After Tax (PAT) of Rs.3,169.39 lakh for the fiscal year (FY) 2023’s third quarter (Q3). The PAT margin grew to 6.2 per cent in Q3 FY22, up from 2.4 per cent in Q3 FY22. “Taking the lead from the previous quarter, we have seen an increase in our revenue […]
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 […]
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 […]
