Grasim Industries, the flagship firm of Aditya Birla Group, on Monday reported a 40% fall in its net profit to Rs 899 crore during the October–December quarter, as compared to Rs 1,514.4 crore in the same quarter a year ago. The company’s revenue from operations was, however, up 8.8% to Rs 34,792.9 crore. ALSO READWe
Healthcare major Apollo Hospitals Enterprise on Monday reported a 49% year-on-year (YoY) jump in consolidated net profit for the third quarter at Rs 379 crore driven by higher revenues from hospitals and Apollo 24/7. The company’s net profit, however, was down sequentially from Rs 396 crore posted in Q2FY25. Consolidated revenue from operations went up
The Securities and Exchange Board of India (SEBI) on Monday banned Kalahridhaan Trendz Ltd (KTL), which was listed on the NSE SME index on February 24 last year, and its directors from accessing the securities market until further orders. The small and medium enterprise (SME) and its directors – Niranjan Agarwal, Aditya Agarwal and Sunitadevi
Indian Hotels Company’s (IHCL) Taj Bandstand, the luxury hotel to come up at the site of Mumbai’s iconic Sea Rock Hotel, will be a 330-room property spread over two acres. The hotel, which will have 85 apartments and multiple dining options, will be ready to welcome guests in 2028-29, the Tata group firm said on
By Ananya Grover Observations by ICICI Prudential chief investment officer S Naren, who has advised investors to get out of small and mid-cap stocks lock, stock and barrel, have evoked strong responses, with Edelweiss Mutual Fund chief executive Radhika Gupta urging investors not to “fall for fear-mongering or 10-day debates”. Speaking at the IFA Galaxy
Berger Paints, the country’s second-largest paints maker, will keep its focus on its core business with no diversification plans right now, managing director & CEO Abhijit Roy told FE. His comments come at a time when the company’s name has been doing the rounds as one of the top contenders to acquire a majority stake
CaratLane, a wholly-owned subsidiary of Titan, is intensifying its focus on expanding offline stores and strengthening its presence in the competitive diamond jewellery market. With over 300 stores and 19 new openings in the October-December quarter, the brand is keen on catering to evolving consumer preferences. Atul Sinha, chief operating officer (COO) of CaratLane, spoke
State-owned Oil and Natural Gas Corporation Limited (ONGC) and bp have agreed to explore opportunities for collaboration and partnership across the energy industry in India and internationally, focusing on oil and gas exploration and production, as well as trading and extending to other energy vectors. The two companies signed a memorandum of understanding (MoU) on
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are implied to open on a higher note on Tuesday. Also, Asian markets opened majorly on a higher note in early trade hours as investors looked past the tariff threats from Donald Trump. Previously, on Monday, the NSE Nifty 50 finished the
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Tuesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: Here’s a comprehensive list of stocks to keep in mind before you start your day. From Reliance Industries to Ashoka Buildcon
By Suhel Khan As the world’s largest supplier of generic drugs, renowned for its cost-effective vaccines and generic medicines, India plays a very important role in global medicine. The Indian pharmaceutical industry has transformed into a flourishing sector, currently ranking third globally in terms of production volume and 14th in terms of value. Over the
The rupee inched closer to the 88-mark against the US dollar on Monday, putting companies in import-sensitive sectors on the edge. While firms fear a surge in imported inflation on account of rupee depreciation, consumer electronics companies, for instance, are taking price hikes to protect margins. In sectors such as thermal power, where the cost
Footwear major Bata India on Monday reported a marginal 1% growth in its net profit at Rs 58.6 crore during the October-December quarter, as compared to Rs 57.9 crore in the same quarter in 2023-24. Bloomberg consensus estimates had pegged the net profit during the quarter at Rs 72 crore. The company’s revenue from operations