Tyremaker Goodyear India reported its first quarterly profit drop in five quarters on Friday, hurt by subdued demand in its farm segment. The Indian unit of US-based Goodyear Tyre said its standalone profit fell 10.5 per cent to Rs 21.86 crore in the third quarter. Revenue from operations fell 14.2 per cent to Rs 591 […]
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 […]
Polycab stocks plunged nearly 9 per cent following reports of a Rs 200 crore tax evasion. According to sources, the income tax department identified alleged transactions amounting to Rs 250 to 300 crore in the company’s promoter accounts. The company, however, has refuted these allegations. The stocks experienced significant losses and settled at Rs 4867, […]
The Indian rupee ended slightly stronger on Thursday, aided by dollar inflows, even as most of its Asian peers were on the back foot as investors moderated their expectations of early US rate cuts this year. The rupee ended at 83.23 against the US dollar, higher by 0.05 per cent compared with its close at […]
In a regulatory filing on 28 December, 2023, prominent online food delivery platform Zomatohas stated that it has received a show cause notice (SCN) from the Goods and Services Tax (GST) office. The notice pertains to an alleged tax liability of Rs 401.7 crore, accompanied by interest and penalties, related to the collection of delivery […]
Asian Granito’s stock surged nearly 9 per cent on 26 December, fueled by the launch of its sanitaryware manufacturing arm, AGL Sanitaryware. This marks the company’s big push into the bathroom market, leveraging its existing expertise in tiles. At 1.39 pm, shares of the company were trading nearly 6 per cent higher at Rs 75.85 […]
Zomato’s shares opened higher on 22 December, a day after CEO Deepinder Goyal denied reports of the company planning to acquire Shiprocket for USD 2 billion. Goyal stated in a post on X (formerly Twitter), “We have noticed that there are certain news articles circulating in the mainstream media with the subject ‘Zomato offers to […]
Global political tensions are negatively affecting Seattle-based Starbucks Corporation as the company has lost approximately USD 11 billion in value, which accounts for 9.4 per cent of its total value. In just 19 days, since the 16 November Red Cup Day promotion, Starbucks shares have plunged 8.96 per cent, causing a loss of nearly USD […]
Titan’s stocks reached a 52-week high of Rs 3,415 on Wednesday’s trading session, leading the company’s market capitalisation to Rs 3 lakh crore. The stock opened at Rs 3,400 and extended its last day gains to more than 0.75 per cent. Titan reached a market value of Rs 1 lakh crore for the first time […]
Gold prices in Pakistan surged by Pakistani rupee PKR 2,000 per tola on Wednesday, ARY News reported. ARY News is a Pakistani news channel. All Pakistan Gems and Jewellers Association (APGJA) said the price of 24-karat gold per tola increased by PKR 2,000 to settle at PKR 214,800 per tola. As per APGJA, after a […]
