The Indian telecom industry demonstrated a positive trend in the fourth quarter of fiscal year 2023, with an impressive 2.53 per cent sequential growth in adjusted gross revenue (AGR), according to the latest data released by the Telecom Regulatory Authority of India (Trai) on Monday. The driving force behind this growth was attributed to the […]
The the Board of Directors at Adani Ports and Special Economic Zone Limited has appointed M S K A and Associates, an independent member firm of BDO International, as the statutory auditors of the company to fill the vacancy caused by the resignation of Deloitte Haskins and Sells LLP. The new auditor will hold office […]
Patanjali Foods saw a significant decline in its net profit for the first quarter of 2023. The company’s financial results revealed a nearly 64 per cent year-on-year (YoY) plunge in net profit, settling at Rs 878 crore. But despite this setback, the company experienced a growth of almost 8 percent in revenue from operations, reaching […]
Adani Ports and Special Economic Zone, an Adani group firm, on Tuesday, reported a consolidated net profit of Rs 2,114.72 crore for the quarter that ended June 2023, which is 83 per cent higher compared with Rs 1,158.28 crore in the same quarter last year. Revenue from operations rose 23.51 per cent year-on-year (YoY) to […]
In the global market, ecommerce sales for alcohol typically make up about 2 to 3 per cent. China being one of the leads and has reached around 10 per cent, showcasing significant growth. However, in India, ecommerce for alcohol is still very far from it, said Atul Kumar Singh, Co-Founder & MD, Lone Wolf in […]
Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore. The company said the decline in revenue during the quarter was reflective of a steep decline in edible oil prices. The food and FMCG segment recorded a strong revenue growth of 28 per cent year-to-year […]
Speculations are rife that Apple, the world’s most valuable firm, is likely to report a 1.6 per cent drop in total quarterly revenue, marking its steepest decline in third-quarter revenue since 2016. This dip in revenue is primarily attributed to a projected fall of over 2 per cent in iPhone sales during the April-June quarter. […]
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 […]
Nestle India on Thursday reported a 15 per cent year-on-year (YoY) Profit After Tax growth at Rs. 698.3 crore for the second quarter of calendar year 2023. The company reported a revenue growth of 15.2 per cent YoY to Rs. 4,658.3 crore in Q2CY23, exceeding market expectations of Rs. 4,629.7 crore. According to the brand, […]
Pilot Pen, the well-known pen brand in the premium functional category on Monday announced its entry as a sole entity in India and dissolved its partnership with a popular Indian brand of writing instruments. According to Hiroki Kisaichi, MD PPIN, Pilot has invested about USD 85.5 million in setting up the new manufacturing unit in […]
