Go to Live UpdatesQ2 Earnings 2024 Live Updates: With majors across sectors and all of the IT services giants already having released their Q2 numbers, the quarter earnings season is now in full swing. Companies like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, HUL, ITC, Adani Wilmar, Nestle India, Axis
Bikaji Foods International Ltd released its fiscal second quarter earnings with profit at Rs 69.16 crore, up 13.0 per cent in comparison to Rs 61.19 crore during the same period of previous financial year. It posted revenue from operations at Rs 721.17 crore, up 18.5 per cent as against Rs 608.69 crore during the corresponding
Blinkit, the quick commerce arm of food delivery major Zomato, has introduced an option to purchase items priced above Rs 2,999 on equated monthly instalments (EMI). This comes just a month after its rival Zepto offered early access to some users to its buy now pay later (BNPL) offering, Zepto Postpaid. Blinkit CEO Albinder Dhindsa
The standard operating procedure (SOP) for negotiating free trade agreements (FTAs) will be ready by the end of this year. This will standardise the process based on the learnings from previous trade pacts, a senior official said on Thursday. The document will not need approval of the Cabinet or higher authorities, as it is meant
Reliance Power on Thursday said its shareholders have approved the company’s plan to raise Rs 1,525 crore through the preferential issue of equity shares. The proposal received shareholders’ approval with 99.5% voting in favour of the resolution, via postal ballot, the company said in a stock exchange disclosure. Reliance Power announced its plan following the
Syrma SGS Technology, an electronics systems design and manufacturing (ESDM) company, has inaugurated a new integrated electronics manufacturing facility in Ranjangaon, near Pune. The 26.5-acre facility focuses on assembling printed circuit boards (PCBs) to meet the growing domestic demand, particularly in the automotive and industrial sectors. The first phase of the facility, launched on Thursday
Travel-tech company Oravel Stays, the parent of Oyo, reported a net profit of Rs 158 crore in Q2FY25, reflecting a 20% increase over the Rs 132 crore profit recorded in Q1, founder and CEO Ritesh Agarwal announced during a townhall, sources said. Oyo’s revenue in Q2 surged by 12% to Rs 1,578 crore, up from
As an observer India is closely watching the negotiations on the trade pillar of the Indo-pacific Economic Framework for Prosperity (IPEF) and would take a call on whether to join it or stay out after contours of the agreement are clearer. “We are not close to the idea nor have we committed to the idea
Bengaluru-based developer Puravankara is expecting about a fifth of revenues coming from western part of the country including Mumbai and Pune in FY25. The company is expecting a topline of Rs 900 crore from the region across six projects in FY25, said Rajat Rastogi, chief executive -West at Puravankara. ALSO READBlackstone to acquire 40% stake
The blistering heat may be inconvenient for people, but durable firms are cheering the early onset of summer this year. The west, east and parts of the north are seeing daily temperatures of 34-35 degree Celsius, prompting consumers to turn on their air conditioners, coolers and fans. Firms are expecting around 35-40% year-on-year growth in
Bull markets spawn many cock-and-bull stories. Finfluencer Asmita Patel, who called herself the She-Wolf of the stock market, is a great example. The so-called ‘options queen’ used to run a school, Asmita Patel Global School of Trading, which despite claiming to manage a portfolio of Rs 140 crore and handling funds worth Rs 283 crore
Managed ATM services provider CMS Info Systems, is expanding the scope of its machine learning tech solutions beyond ATM management to sectors like multi-brand retail, and quick commerce, as it attempts to position itself as a business solutions company, a senior executive told FE. The applications it has deployed so far span inventory management at
A day after announcing plans to increase its investment in India to $100 billion, global private equity giant Blackstone has announced that it will acquire 40% stake in Pune-based Kolte Patil Developers (KDPL). Through its subsidiary BREP Asia III Holding Company, Blackstone will acquire a 14.3% stake (12.6 million shares) in KDPL at Rs 329
