Despite a steep surge in gold prices in the second half of the quarter, jewellery giant Kalyan Jewellers’ consolidated revenue increased by roughly 34 per cent in Q4 FY2024, the company stated in a quarterly statement on BSE. The jewellery retailer’s consolidated revenue increased by 31 per cent in FY2024 compared to the previous year. […]
Kalyan Jewellers on Wednesday reported consolidated revenue of Rs 5,223 crore in quarter financial year 2024 (Q3 FY24) as against Rs 3,884 crore in the corresponding period of the previous year, a growth of over 34 per cent. The consolidated profit after tax (PAT) for Q3 FY24 was Rs 180 crore against a PAT of […]
The Baker’s Dozen (TBD), an artisanal bakery brand, has raised Rs 33 Crore in the pre-series A funding round. The investment round, was spearheaded by Wipro Consumer Care – Ventures, Fireside Ventures, Mirabilis Investment Trust and She Capital. This strategic investment will be channeled towards expanding TBD’s presence beyond metros, targeting growing markets in non-metro […]
Oil prices witnessed a robust start to the New Year, surging over two per cent in the first trading session. The spike was attributed to potential disruptions in Middle East supply chains following the recent attack on a container ship in the Red Sea. Brent crude rose by USD 1.72, or 2.2 per cent, reaching […]
India’s attempt to use the rupee for crude oil imports has not been given the desired outcomes, said the Oil ministry. The suppliers have expressed concerns about repatriating funds and high transactional costs. As per international trade practice, the default payment currency for all contracts for importing crude oil is the USD. However, to globalise […]
The founder and CEO of used car marketplace ‘Droom’, Sandeep Aggarwal said on Wednesday that the company plans to come up with an initial public offering (IPO) in March 2025. In an exclusive interview with ANI, Aggarwal said that the company is planning to restart the IPO process next year and in March 2025, the […]
Mandi prices of various basmati paddy varieties in India have witnessed a significant surge, ranging from 11 to 14 per cent, just one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to USD 950/tonne, aiming to stimulate exports. Exporters attribute the increase in basmati paddy prices to robust […]
Dabur, an FMCG and ayurvedic products maker is planning to set up a new factory in South India in less than a year’s time, as its business scales in the region, according to the news agency PTI. Dabur, having reported a significant increase in its domestic sales from South India contributing 20 per cent of […]
The UAE food industry, seeking support from the Indian government for imports, has emphasized the substantial demand in Middle East countries for various products such as chicken, dairy, basmati rice, frozen marine goods, and wheat from New Delhi. To facilitate this, the industry has requested assistance in streamlining certification processes, enhanced coordination with the Agricultural […]
Spinneys Dubai LLC, the franchisee of the supermarket chain in the United Arab Emirates and Oman, is considering an initial public offering (IPO) of the business in the second quarter of 2024, the news agency Reuters reported. Albwardy Investment, the 100 per cent owner of the franchise, has purportedly engaged Rothschild & Co to provide […]
