Hindustan Unilever (HUL) on Wednesday emerged as the third key fast-moving consumer goods (FMCG) company after Tata Consumer and Nestle India to flag demand concerns in urban areas, especially in larger cities. All three firms have attributed the urban slowdown to food inflation and a high base effect in the year-ago period. After multiple quarters
Logistics-tech unicorn Shiprocket said its revenue rose 21% year-on-year to Rs 1,316 crore in FY24, driven by growth in its core business of e-commerce enablement and also expanding scale in its emerging businesses such as cross border, checkout and fulfillment. The company said while its core business has been strengthened by the integration of Pickrr’s
KPIT Technologies reported a net profit of Rs 203.74 crore, which was a 44.66% year-on-year rise and a sequentially flat quarterly profit for the September quarter. KPIT’s revenues rose 8% sequentially to Rs 1,471.41 crore. The company maintained its margins at 20.5% during the quarter. KPIT on Wednesday announced plans to raise Rs 2,880 crore.
As the competition between Adani Group’s Ambuja and Aditya Birla Group’s UltraTech for dominance in the cement sector heats up, the south India market has become a battleground with multiple acquisitions at increasing enterprise value per tonne. The latest acquisitions – Orient Cement by Ambuja and India Cement by UltraTech – have been at far
With privatisation of Rashtriya Ispat Nigam Ltd (RINL) put on the back burner, the Centre is working on a package for the steel maker that would involve fresh equity infusion, restructuring of bank loans, and setting operational goals for the top management, sources told FE. The privsatiation plan for RINL, also known as Vizag Steel
The government has imposed anti-dumping duties on imports of five products from China at below normal prices to remove injury to local industry. The products on which the duties have been imposed include Cellophane Transparent Film, Isopropyl Alcohol, Sulphur Black, Thermoplastic Polyurethane and Unframed Glass Mirror. These additional duties will be levied for five years.
Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, will to invest Rs 6,300 crore in structured debt instruments of GMR Infra Enterprises. GMR Group will use the funds to refinance external debt of GMR Enterprises (GEPL), the promoter of GMR Airports (earlier called GMR Airports Infrastructure). GEPL’s total debt has increased nearly
Piramal Pharma Ltd on Wednesday released its fiscal second quarter earnings with profit at Rs 22.59 crore, posting a jump of 350.0 per cent in comparison to Rs 5.02 crore recorded during the corresponding quarter of FY24. It recorded Q2 revenue from operations at Rs 2241.75 crore, up 17.3 per cent as against Rs 1911.38
In spite of the significant rise in housing prices across Indian cities in 2024, homebuyers continue their quest for bigger living spaces. Latest ANAROCK data shows that average flat sizes in the top 7 cities rose by 8% annually in 2024 – from 1,420 sq. ft. in 2023 to 1,540 sq. ft. in 2024. Back
Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though
Hindustan Unilever has bought 90% stake in Minimalist for an enterprise value of Rs 2,955 crore. This premium beauty brand, found in in 2020 by Mohit Yadav and Rahul Yadav has an annual revenue run rate of over Rs 500 crore and the business has been profitable since inception. HUL also plans to will acquire
By Shanthi Rexaline A new grouping of stocks dubbed ‘BATMMAAN’ that promises above-market returns has taken Wall Street by storm. These stocks, all from the high-flying tech sector, have fueled the U.S. bull market since October 2022. Meanwhile, India’s market has enjoyed an even longer bull run, with key indices trending upward since the onset
8th Pay Commission News: Ever since the Modi government announced its decision to set up the 8th Pay Commission, there have been all sorts of speculations among central government employees and pensioners about possible salary and pension hikes, the dates when the panel’s recommendations would be implemented, and other measures that the commission might recommend
