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Ambuja Cements Limited is part of Adani Group. File | Photo Credit: The Hindu Ambuja Cements Limited, part of Adani Group, for the second quarter, reported consolidated net profit of ₹456 crore as compared with ₹793 crore in the year ago period, down by 42%. The company’s revenue from operations for the quarter ending September…
Read More “Ambuja Cements Q2 net profit falls 42% to ₹456 crore” »
With the tieup with the Tatas, Bvlgari’s debuted in India’s e-commerce space and now the company’s jewellery, handbags, and watches can be purchased online. File photo | Photo Credit: Special Arrangement Tata CLiQ Luxury, a luxury lifestyle platform, has announced a tie up with Bvlgari, the Roman High Jeweller, to launch the latter’s first digital…
Read More “Bvlgari starts digital boutique in India in tie up with Tata CLiQ Luxury” »
The company’s market valuation stood at ₹67,866.35 crore. Photo: Linkedin.com Shares of solar panel maker Waaree Energies Ltd on Monday (October 28, 2024) listed with a premium of nearly 70% against the issue price of ₹1,503. The stock made its market debut at ₹2,550, reflecting a jump of 69.66% from the issue price on the…
Read More “Waaree Energies’ shares make remarkable market debut; jump nearly 70%” »
From the 30 Sensex pack, ICICI Bank climbed nearly 3% after the private sector lender posted a 14.5% growth in standalone profit to ₹11,746 crore for the second quarter ended September-2024. File | Photo Credit: Reuters Equity markets rebounded in early trade on Monday (October 28, 2024), driven by buying in the stock of blue-chip…
Read More “Markets rebound in early trade on buying in ICICI bank, firm trends in Asian peers” »
At the interbank foreign exchange, the rupee opened at 84.08 against the greenback. In the initial trade, it touched 84.07, registering a rise of 1 paisa over its previous close. File | Photo Credit: The Hindu The rupee witnessed range-bound trade and appreciated by just 1 paisa to 84.07 against the U.S. dollar in initial…
Read More “Rupee trades in narrow range against U.S. dollar in early trade” »
Gautam Singhania’s Lamborghini Revuelto stranded at Mumbai’s trans-harbour link. | Photo Credit: X@SinghaniaGautam Raymond Group Chairman and Managing Director Gautam Singhania has blasted Italian carmaker Lamborghini for “arrogance” having failed to reach out to him regarding an issue with his car. Mr. Singhania had earlier tweeted on X about his Lamborghini Revuelto getting stranded at…
State administrations ramped up new outlays by 67% to nearly ₹1.62 lakh crore, outnumbering Central government capex plans which, however, recorded a sharper spike of 185.6% to hit around ₹1.54 lakh crore in Q2. | Photo Credit: Getty Images/iStockphoto Fresh investment plans bounced back strongly in the July to September quarter, with government capex recovering…
There has been a dramatic change in the tone and tenor of FSSAI, and the Indian food regulator has now become more pro-active and industry-centred with fast responses in the last decade, said Nestle India Chairman and Managing Director Suresh Narayanan. Moreover, with the setting of more NABL-accredited laboratories by different leaders of FSSAI, the…
Read More “FSSAI is now more pro-active, industry-centred with fast responses: Nestle” »
Swiggy, backed by SoftBank and Prosus, was concerned to avoid a tepid response to its relatively large IPO, coming amid global uncertainty. File. | Photo Credit: Reuters Food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut…
Image used for representative purpose only. | Photo Credit: S.R. Raghunathan Foreign investors have continued selling in the Indian market, pulling out a massive ₹85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities. October is turning into the worst-ever month…
