D-Mart, operated by Avenue Supermarts, recorded a nearly 20 per cent increase in standalone revenue from operations to Rs 12,393.46 crore for the fourth quarter of FY2024, compared to Rs 10,337.12 crore in the same period of FY23. As of 31 March 2024, D-Mart had a total of 365 stores. However, the company noted that […]
Parag Milk Foods, a manufacturer and marketer of dairy-FMCG products, appointed Sumit Jain as President of Finance. With an extensive background in financial management and a track record of success, Jain brings a wealth of expertise to the organisation. A Chartered Accountant, Jain achieved an All India Rank of 18 in 2012 and an All […]
The gross goods and services tax (GST) collection increased by 12 per cent year on year from April to December 2023, reaching Rs 14.97 lakh crore when compared to the previous year’s collection of Rs 13.40 lakh crore during the same period. The average monthly gross GST collection for the first nine months of this […]
Havells acquired ‘Lloyd’ in 2017 and it currently stands among the top 3 AC brands in India. Lloyd is now expanding its focus to the Middle East, offering a range of technologically advanced and energy-efficient products. The launch portfolio includes premium ACs (Fixed speed, Inverter, and Hot & Cold), front-load and semi-automatic washing machines, frost-free […]
American Express India announced the launch of its hyperlocal platform ‘Offers Next Door’ in India, it features exciting offers across neighborhood stores in Delhi NCR, Mumbai and Bangalore. The offers are spread across categories including fashion & lifestyle, departmental stores & grocery and health & wellness. Cardmembers can avail of the offer communicated to them […]
The gross Goods and Services Tax revenue collected in the month of August was Rs 159,069 crore, official data from the Ministry of Finance showed on Friday. The monthly revenue is 11 per cent higher than the collection the same month the previous year. Of the total collection, CGST was Rs 28,328 crore, SGST was […]
Scuzo Ice ‘O’ Magic, a live popsicle concept & dessert café, appointed Dimpal Kaushik as its new Director of Finance. Dimpal brings to the table a wealth of expertise and experience in finance, taxation, corporate auditing and management consulting that is poised to elevate Scuzo Ice ‘O’ Magic’s financial strategies and growth trajectory. Dimpal Kaushik […]
Steel Authority of India Limited (SAIL) reported a 74 per cent decline in consolidated net profits in April-June 2023 quarter at Rs 212.48 crore. The state-owned company declared its financial results for the June quarter on Thursday evening. In the same quarter last year, the net profits or Profit After Tax were Rs 804.5 crore. […]
The Board of Directors at rating agency Crisil Ltd declared an interim dividend of Rs 8 per share for the financial year ending December 2023, it informed exchanges through a stock filing. The decision was taken by its Board at its meeting held on Tuesday, where it also approved the unaudited financial results for the […]
MyShubhLife, a finance platform, has joined hands with PayWorld, a fintech platform focusing on retail merchants across India. According to the press note, through its NBFC Ekagrata, MyShubhLife will provide PayWorld’s retailers with easy access to credit for their working capital needs. Through its embedded technology, MyShubhLife will leverage the vast retailer base of PayWorld […]
