Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond’s consolidated profit was Rs 1,065 crore for the three months ended 30 June, compared with Rs 80.9 crore a year earlier. In April, Raymond agreed to sell its consumer […]
Hyundai Motor India registered cumulative sales of 66,701 units in July, an increase of 4.46 per cent on a yearly basis. Of the total sales in July, 50,701 units were sold domestically and the rest 16,000 units in exports, the automaker said in a release on Tuesday. “July 2023 marks a significant milestone in Hyundai […]
Transport Corporation of India (TCI), an integrated supply chain and logistics solutions provider on Monday reported a 5.9 per cent year-on-year (YoY) growth in its consolidated net profit at Rs. 832 million for the first quarter of the financial year 2024, compared to Rs 786 million in Q1FY23. The company’s consolidated revenue from operations […]
Indian lead-acid battery maker Exide Industries reported a smaller-than-expected rise in first-quarterly profit on Friday, hurt by high raw material costs and rising expenses. The Kolkata-based company said its net profit after tax for the quarter ended 30 June stood at Rs 242 crore, compared with Rs 226 crore. Analysts on average expected a profit […]
Apple is ramping up its efforts in India’s retail market to boost its revenue this year. The company aims to increase sales from the 200 or so franchisee-owned exclusive retail stores in India. To achieve this, Apple has introduced a global consumer promotion and student discount at its company-owned brick-and-mortar and online stores in India. […]
