FMCG major Emami reported an 11.88 per cent increase in consolidated profit after tax to Rs 260.65 crore for the December quarter of 2023-24, aided by improved margins due to lower input prices. According to the company’s regulatory filing, the business had a net profit of Rs 232.97 crore in the October-December fiscal year 23. […]
Trent, a part of the Tata Group, on Wednesday reported a 139.4 per cent surge in consolidated net profit at Rs 370.64 crore in the third quarter (Q2) ended December 2023 against the consolidated net profit of Rs 154.81 crore in the same quarter last fiscal, it said in a regulatory filing. The company’s total […]
India Manufacturing Purchasing Managers’ Index (INPMI), climbed to 56.5, up from an 18-month low of 54.9 in December, according to HSBC India Manufacturing Purchasing Managers’ Index compiled by S&P Global. India’s manufacturing industry had significant progress at the start of 2024, achieving its quickest expansion in four months in January. Although the final reading was […]
Dabur said on Wednesday that it will invest Rs 135 crore to establish a new manufacturing site in south India. Dabur India said in a statement that the facility would produce a variety of Dabur’s Ayurvedic Healthcare, personal care, and home care products, including Dabur Honey, Dabur Red Paste and Odonil air fresheners. The board […]
Lotte Wellfood, a Korea-based FMCG firm, will establish a new manufacturing plant in Haryana to produce its product Lotte Pepero, the company announced in a press release on Wednesday. The FMCG major stated that it has set up more than Rs 200 crore for the establishment of this new production plant. “This investment aims to […]
Domino’s Pizza, which is run in India by Jubilant FoodWorks Ltd (JFL), has joined the Open Network for Digital Commerce (ONDC) network, the food services firm said on Tuesday. Domino’s catalogues will now be visible on numerous applications throughout the network, allowing for smooth purchases, the company said. Customers in the Delhi NCR may already […]
Zomato has obtained a licence from the Reserve Bank of India (RBI) for its subsidiary, Zomato Payments, allowing the company to function as an online payment aggregator. This milestone positions Zomato alongside industry leaders like Tata Pay and Razorpay, expanding its role in the burgeoning digital payment landscape. Zomato Payments was established to conduct business […]
Mahindra Logistics (MLL) has revealed that the construction of a warehousing facility in Phaltan, Maharashtra, with an investment of Rs 170 crore. The strategic move aims to cater to the rising demand in the region, particularly within the automotive and manufacturing sectors. Spanning 6.5 lakh square feet, the facility will be built in two phases. […]
Hyundai Motor’s Indian unit on Friday said it would invest Rs 6,000 crore in the western state of Maharashtra, while also disclosing that it had completed the acquisition of General Motor’s plant in the state. India’s second-largest carmaker by sales did not disclose a deal value for the Talegaon plant or give details of its […]
Apple on Wednesday unveiled its newest office in Bengaluru, Karnataka. Nestled at the heart of the city in Minsk Square, the 15-storey facility is Apple’s latest effort at expansion in India. The Minsk Square office is equipped to house up to 1,200 employees, featuring dedicated lab spaces, collaborative areas and the renowned Caffe Macs. Its […]
