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Asian Paints loses colour amid muted Q2 demand 

Mumbai-based Asian Paints finds itself in a hard place after delivering a weak set of numbers for the third straight quarter in a row. The September quarter (Q2FY25) was the weakest yet, marked by a 5.3% drop in consolidated revenue to Rs 8,003 crore and a 480 basis points decline in operating margin to 15.4%.

ED to summon Amazon, Flipkart executives as regulatory scrutiny grows: Report

India’s financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in

ONGC Q2 profit rises 17%, board announces interim dividend of Rs 6

Oil major, ONGC or  Oil and Natural Gas Corporation reported a 17% year-on-year increase in its standalone Q2FY25 net profit to Rs 11,984 crore compared to Rs 10,238 crore net profit in the same quarter last fiscal. Also ReadBeyond food: Swiggy planning marketplace for astrologers, legal advisors – A look at its five latest app

Beyond food: Swiggy planning marketplace for astrologers, legal advisors – A look at its five latest app features

In India’s fiercely competitive food delivery market, Swiggy and Zomato have emerged as titans constantly pushing the boundaries to stay ahead. Amidst this high-stakes environment, Swiggy is making bold moves by venturing beyond food delivery and groceries, expanding its services to capture new markets. Swiggy is reportedly set to introduce a groundbreaking service called ‘Yello’

Waaree plans to complete 1.3 GW projects in H2FY25

Waaree Renewable Technologies, an engineering, procurement and construction (EPC) arm of Waaree Energies group, expects to complete around 1.3 gigawatt (GW) capacity projects in the remaining half of the current fiscal, chief financial officer Dilip Panjwani told FE.  The company, which reported a multifold jump of 160% on-year in its net profit for the second

Zydus Wellness posts Q2 profit jump of 254.2% at Rs 20.90 crore, revenue up 12% YoY

Zydus Wellness Ltd on Monday reported a profit jump of 254.2 per cent for the fiscal second quarter at Rs 20.90 crore in comparison to Rs 5.90 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 492.90 crore, up 12.0 per cent as against Rs 439.90 crore during the same

Rural FMCG basket size improves by 60% as income sources grow

As rural areas show a revival in demand for fast-moving consumer goods (FMCG) products, the average FMCG basket size is growing, a new report by agencies Kantar and GroupM shows. The latest findings show that there is a nearly 60% rise in the FMCG basket size among rural consumers, from 5.8 in 2022 to 9.3

KFC-operator Devyani International posts Q2 profit decline of 99.9% YoY; on track to achieve FY25 guidance with 1921 total stores

KFC-operator Devyani International Ltd (DIL) on Monday reported its quarter results for Q2FY25 with profit at Rs 1087.51 lakh in comparison to Rs 819.47 crore reported during the corresponding quarter of previous fiscal year. The Q2FY25 profit dropped by 99.9 per cent on-year. It posted revenue from operations at Rs 1222.16 crore, up 49.1 per
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Amazon responds after BIS raids uncover uncertified products at warehouses

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