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Titan Q2 profit declines 23 per cent, misses estimates

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

Home textile industry to weave revenue growth of 6-8% this fiscal on resilient demand from US and domestic market

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

Combating Transnational Illicit Tobacco Trade and Boosting Economic Growth

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

Is Mumbai’s residential real estate making space for cost-effective luxury?

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 posts Q2 profit jump of 52.9% at Rs 51.98 crore despite subdued consumption, premiumisation strategy at play

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

Q2 Result 2024 Live Updates: Titan Company, GAIL, Mankind Pharma, Dr Reddy’s, Berger Paints, others releasing Q2 results today

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

US seen to remain protectionist, regardless of electoral outcome

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

Premiumisation and data analytics core to Wakefit’s festive season strategy

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
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How will markets open today? FOMC meeting, gold rate and 7 more cues to watch

Markets are set for a positive opening today, with early cues from Gift Nifty indicating positive momentum. Global trends, including Wall Street performance and key economic updates, will play a key role in shaping the day’s trading. On March 17, Indian stock markets saw strong gains, with both benchmark indices closing in the green. The

Stocks To Watch: From NTPC to Bajaj Auto- Here’s a list of 8 stocks in news today

Markets are buzzing with action every day – stocks rising, deals happening, and companies making key announcements. But with so much going on, it is easy to lose track of what really matters. We have got you covered. From massive fundraisings to key approvals and major deals, here are the stocks that will be in

US stocks slide as Fed convenes; euro gains as Germany passes debt reform

Wall Street ended sharply lower and gold surged to record highs on Tuesday as the U.S. Federal Reserve convened for its two-day monetary policy meeting while economic uncertainty mounted. In the Middle East, a round of Israeli missile attacks on the Gaza Strip killed over 400 people, feeding investor jitters about that region. But other

5 Equity Mutual Funds with rising cash holdings amid market volatility

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

Parliamentary panel to review stakeholder comments on new I-T Bill

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