Indian consumer goods companies such as makers of cooling systems, beer and ice cream are attempting to capitalise on a hotter-than-usual summer season by cranking up output, launching new products and ramping up spending on marketing. The world's most populous nation expects 10 to 20 heatwave days, which it describes as temperatures hitting at least 40 degree...
climbed to a consolidated net profit to 14.5 million Indian rupees in the fiscal fourth quarter ended March 31 against a net loss of 4.15 billion rupees a year ago. Earnings per share came in at 0.06 rupees compared with a loss per share of 22.0 rupees, according to a Saturday filing by the renewable energy company. Revenue from operations in fiscal Q4 shot up...
Indian weather dept forecasts more heat wave than normal from April to June
Just Dial's Ebitda margin is seen by management as improving further after this margin expanded by 340bps on quarter in 4Q FY 2024, ICICI Securities analysts say in a research report. Management has guided for over 30% Ebitda growth and over 15% revenue growth for FY 2025, and plans to achieve at least half of this growth via price increases, the analysts note....
Hyundai Motor, Kia Form EV Battery Partnership With Exide Energy Solutions.keep for 475
Mortgage bank lender's assets under management (AUM) up 22% y/y as of March-end, disbursements up 20% ** Citi believes AVAS can maintain margins despite rise in financing costs, sees AUM rising 24% in FY25 and 25% in FY26 ** Jefferies maintains "Buy", with PT of 1,940 rupees; says it sees growth improving on the back of tech rollout, other initiatives
"The company emerged as a successful bidder and has received a Letter of Intent from REC Power Development and Consultancy Limited dated for the establishment of the Transmission system for Evacuation of Power from RE Projects in Rajgarh (1000 MW) SEZ in Madhya Pradesh‐Phase I
A Memorandum of Understanding (MoU) has been signed between IRCTC and Swiggy (Bundl Technologies Pvt Ltd) to provide pre-ordered meals to passengers of Indian Railways through IRCTC e-Catering Services
Abakkus Asset Manager bought almost 3.4 mln LTOL shares at 162.04 rupees each on Tuesday,
Voltas is likely to benefit from a robust demand outlook for unitary cooling products such as air conditioners, based on management commentary, Nomura analysts say in a research report. The home-appliance manufacturer seeks to grow ahead of the UCP industry, driven by higher penetration in the modern trade and e-commerce segments, new outlets and price...
fpi has around 12000 cr in the consumer services sector in the last 3 months(nse data). most of the money has been rotated in the hotel sector, apart from hotel sector this particular stock has witnessed a huge volume breakout keep in radar, news may come later
signed up 1.01 million new clients in February, up 124.6% year over year, according to a Monday release. The brokerage services company said its client base during the month reached 21.43 million, up 60.8% from 13.33 million a year ago. Meanwhile, the number of its new orders surged 106.8% to 172.7 million from 83.5 million in February 2022.
Welspun India Ltd. (WIL) a Welspun Group company, started its activities in 1985 as Welspun Winilon Silk Mills Pvt. Ltd, a synthetic yarn business which went on to become Welspun Polyesters (India) Ltd. and finally, Welspun India Limited emerged in the year 1995. The company offers a variety of products like towels in different sizes and qualities, bed linen...
BF Utilities Ltd. (BFUL) was incorporated on September 15, 2000 under the Companies Act, 1956 in the State of Maharashtra. The company was born out of a scheme of demerger with Bharat Forge Limited (BFL). The Scheme of Arrangement was approved by the High Court of Judicature at Bombay on January 17, 2001. Under the said Scheme, the Investments (listed as well as...
Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday. Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for 40.51...
In the third quarter, V-Guard Industries, a company that produces electronic products in India, reported a profit that exceeded expectations. Their consolidated net profit increased by 48% to 582.4 million rupees compared to the same quarter last year, surpassing analysts' average expectation of 555.1 million rupees. The revenue from the electricals segment, which...
In the December quarter, jndal Worldwide reported a consolidated net profit of 210.3 million rupees, which is an increase from the previous quarter's profit of 147.6 million rupees.
Building materials manufacturer Visaka Industries has begun commercial production at its new VBoards cement boards unit in West Bengal, India,