Beauty and fashion firm FSN E-commerce, which operates Nykaa, posted a 66% jump in profit after tax (PAT) year-on-year to Rs 13 crore compared to Rs 7.8 crore a year ago. Revenue from operations stood at Rs 1,874.7 crore, up 24% from Rs 1,507 crore in Q2FY24. Ebitda stood at Rs 103.7 crore, up 29%
India’s merchandise exports are expected to grow 1.85% on year in October-December quarter to $ 107 billion, according to a forecast. “Non-oil exports are forecast to amount $ 91.7 billion, with a y-o-y growth of 7.39%, during Q3 of FY 2025. Non-oil and non-gems and jewellery exports are forecast to amount $ 82.7 bn, with
India is willing to lift or ease import tariffs on certain goods if it does not hurt local manufacturing capacities, finance minister Nirmala Sitharaman said on Tuesday. The statement signalled the government’s thinking on how to deal with the threat of US president-elect Donald Trump to impede market access for Indian merchandise to the world’s
It’s not only Tata Consultancy Services, but other top IT services firms have also cut the variable pay of senior employees due after the September quarter as the sector continues to face headwinds on account of muted client budgets, industry sources said. However, at junior to mid-levels, most employees have got up to 100% variable
Metropolis Healthcare recently reported its unaudited consolidated financial results for the quarter ended September 30th, 2024. Metropolis Healthcare Ltd.’s consolidated net profit rose 31 percent in the second quarter of fiscal 2025, meeting analysts’ estimates. According to the company’s statement, the diagnostics company’s profit stood at Rs 46.7 crore in the quarter ended September, compared
Zydus Lifesciences Ltd. on Tuesday announced its unaudited consolidated financial results for the quarter and half year ended September 30th, 2024. The company’s net profit for the July to September period surged 13.7% year-on-year to Rs. 911 crore, compared to Rs. 801 crore reported in the same quarter last year. Zydus Lifesciences spent Rs 480
Hindalco Industries Ltd announced its fiscal second quarter earnings with a profit of Rs 3,909 crore, registering a growth of 78.0 per cent in comparison to Rs 2,196 crore during the same period of previous financial year. Profit, it said, was driven by a strong operational performance by the India business, favourable macros and prudent
For the record, the government is keen to improve operational efficiencies of the insolvency resolution process, and acutely aware of the need to expeditiously free up sunk capital of bankrupt firms. Several legislative and administrative measures have been taken apparently with this intent, and more are in the offing. However, if anything, the time taken
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
