Jewellery and watchmaker Titan on Tuesday reported a 23.1% year-on-year decline in consolidated net profit to Rs 704 crore for the quarter ended September, missing Street estimates by a wide margin. The drop came amid a customs duty reduction announced during the Budget in July, the company said. A poll of analysts by Bloomberg had
India’s home textile industry is expected to record a revenue growth of 6-8 per cent this fiscal, following a 9-10 per cent rebound during the last fiscal, stated a report by CRISIL Ratings. The growth, it added, will be driven by resilient demand from the US, which is the key export destination, and also the
By Rodney Van Dooren Capital expenditure by the Government on infrastructure development, real estate, enhanced interconnectivity and other strategic initiatives play a critical role in spurring the economy. Investment across such key pillars stimulate economic growth, create jobs and attract investment. A critical enabler for this undertaking by the government is tax collection, which empowers
By Amit Jain India’s real estate sector stands at a crucial point where the need for sustainable development is becoming just as important as economic growth. Being one of the foundational pillars of the Indian economy, the real estate sector is key to the country’s overall progress. However, to maintain this growth while caring for
Bata India Limited reported its fiscal second quarter earnings report with profit at Rs 51.98 crore, registering a growth of 52.9 per cent in comparison to Rs 33.99 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 837.14 crore, up 2.2 per cent as against Rs 819.12 crore during the
Go to Live UpdatesQ2 Earnings 2024 Live Updates: Companies across sectors and all of theIT services giants have already released their fiscal second quarter numbers. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bharti Airtel, HUL, ITC, Marico, Dabur India, Adani Wilmar, Nestle India, BHEL, L&T, Adani Enterprises, Punjab
As the US prepares to elect its next President in keenly contested election, irrespective of who the winner will be, there is unlikely to be a big change in the approach of the world’s largest economy when it comes to trade and investments relations with India, analysts and trade sources feel. There will likely be
Sleep solutions brand Wakefit reported a 50% increase in festive season sales this year compared to 2023, benefitting from a growing trend of premiumisation in the category, according to Chaitanya Ramalingegowda, co-founder of Wakefit. The company’s 15-member data science team played a key role in preparing for peak season events, mapping consumer trends like premiumisation
The Indian equity market has witnessed growing turbulence, with steep fluctuations in benchmark indices and sectoral fluctuations. They include persistent geopolitical uncertainty, rising crude oil prices, heavy selling by FIIs and fear of global recession that have created a questionable investment environment. Given the challenging conditions, some mutual fund managers have taken a cautious approach
The Central Board of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review. In a release, the CBDT said an effort is underway to collect inputs and work on simplification of
After a 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions. The broader indices, which had fallen up to 24% from their peak levels, also gained around 3%, providing much-needed relief to investors. However, the key question remains: Will this recovery sustain? Experts are divided. While
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
