Liquor maker Radico Khaitan on Tuesday reported a 22.75 per cent increase in consolidated net profit at Rs 75.15 crore for the third quarter ended December 2023. Radico Khaitan reported a consolidated net profit of Rs 61.22 crore in the October-December quarter last year, according to a BSE filing. Its operating revenue increased 34.1 percent to […]
The operator of omnichannel beauty and fashion retailer Nykaa, FSN E-commerce Ventures reported a consolidated net profit of Rs 16.2 crore for the quarter ended December on Tuesday, which grew 97 per cent year-on-year (YoY) from Rs 8.2 crore in the same quarter last year. Revenue from operations climbed 22 per cent YoY to Rs […]
Union Finance Minister Nirmala Sitharaman on Tuesday said prices of perishable items have come down and are well within the tolerance band. To a query raised by AIADMK’s M Thambi Durai on the rise in retail inflation, during the Question Hour in Rajya Sabha today, she detailed the interventions made by her government to keep […]
India raised the windfall tax on petroleum oil to Rs 3,200 per tonne on Saturday, a considerable increase from the previous rate of Rs 1,700. Furthermore, the windfall tax on diesel and aviation turbine fuel remains unchanged, at zero, as stated by the government late last Friday. This development follows a preceding decision on 16 […]
Rice retailers, wholesalers and processors are asked that beginning next Friday, they disclose their stock holdings, Sanjeev Chopra, Secretary Department of Food and Public, said. The reporting of stocks is irrespective of the category of rice–basmati or non-basmati, parboiled or broken. “To check the prices of rice retailers, wholesalers and processors are advised that the […]
Apple’s CEO Tim Cook revealed during Q1 earnings call that the tech giant experienced robust double-digit growth in the December quarter in India. This growth catapulted the company to yet another quarter revenue record in the nation, according to Cook. Despite India’s overall smartphone shipments maintaining a steady course at 152 million units in 2023, […]
The Finance Minister presented the interim budget for the fiscal year 2024-25 on 1 February, and fast-moving consumer goods (brands) players have many things to say as they have welcomed the Interim Budget 2024. Industry players believe that the government’s interim budget maintains continuity in policies, focusing on welfare and support for the ‘Garib,’ ‘Mahilayen,’ […]
India’s Goods and Services Tax (GST) revenue for January 2024 has jumped to Rs 1,72,129 crore, reflecting an impressive 10.4 per cent Year-on-Year (Y-o-Y) growth. This is the second-highest monthly collection ever and the third time in the fiscal year 2023-24 that collections topped Rs 1.70 lakh crore. From April 2023 to January 2024, gross GST collections totaled […]
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 […]
Westlife Foodworld, the operator of McDonald’s restaurants in west and south India, failed quarterly profit projections on Wednesday, citing sluggish demand. Consolidated profit after tax fell nearly 53 per cent to 172.4 million rupees (USD 2.08 million) in the three months ended 31 December, according to an exchange filing. Analysts, on average, had expected profit […]
