Tata Consumer’s MD & CEO Sunil D’Souza believes that food inflation is putting pressure on urban spending, which is taking a toll on out-of-home consumption. In a conversation with FE, D’Souza throws light on the company’s strategy in the wake of inflationary concerns and whether volume growth will continue be weak. He also indicates how
Aditya Birla Group’s UltraTech Cement on Monday missed Street estimates on all the key fronts during the July-September quarter, primarily because of slowdown in demand due to monsoon and project delays which hit price realisations. The company’s net profit fell 36% year on year to Rs 820 crore, while revenue from operations was down 2.4%
A division bench of the the Delhi High Court on Monday deferred hearing an appeal filed by MB Finmart, a Burman Family entity, opposing the Registrar of Companies’ (RoC) three-month extension for Religare Enterprises’ annual general meeting (AGM) for 2023-24, citing an absence of the RoC’s reply. The court has set the next hearing on
Zomato Q2 Results 2024: As Zomato gears up for its Q2 FY25 financial results, here’s everything you need to know about the date, time, and how to tune in for the live earnings call. Date of Zomato Q2FY25 Results Mark your calendars! The Board of Directors of Zomato will convene tomorrow, October 22, 2024, to
Go to Live UpdatesQ2 Earnings 2024 Live Updates: The Q2 earnings season has started and is in full swing. Market participants will watch out for the Q2 performance of the likes of Bajaj Housing Finance, City Union Bank, Union Bank of India, Gravtia India, Cyient DLM, and Mahindra Logistics among others. The earnings so far
83% of Indian businesses view technology advancements and the consequent rise is concerns around data privacy, security vulnerabilities, and regulatory compliance as major risk factors, according to Horizon Watch Emerging Risk Report 2024. The report, published by Tata AIG General Insurance and Dun & Bradstreet India, was conducted among 300 business leaders across 25 sectors
The earnings season has got off to a subdued start, with virtually every heavyweight disappointing the Street. Net profits of a sample of 164 companies (including banks and financials) were up 7% year-on-year on the back of an 8% rise in revenues. But net profits would have fallen but for a 23% jump in other
CPP Investments (CPPIB), Canada’s largest pension fund manager, has dropped its plans to sell stake in IndoSpace Core, its equal joint venture with IndoSpace, a developer of logistics parks promoted by Southeast Asia-focused Everstone Capital and US-based Realterm, people in the know said. CPPIB did not get the desired valuation from bidders, sources said. “Also
The beauty of SIP (Systematic Investment Plan) is that you can start with a small amount like Rs 100, Rs 250 or Rs 500 and gradually increase it. After capital market regulator SEBI gave its go-ahead to fund houses for low-value SIPs, many asset management companies (AMCs) have now allowed minimum investments starting from as
Indian employees are silently battling a mental health crisis, with limited access to affordable treatment due to gaps in insurance coverage. Long working hours, rising workplace stress, and economic uncertainties have made mental well-being a growing concern. Despite IRDAI’s 2018 mandate to treat mental health on par with physical health, most insurance policies exclude outpatient
Organised cables and wires manufacturers are expected to post a successive mid-teen growth next fiscal, building on an estimated 16 per cent increase in FY25, stated a report by Crisil Ratings. This, it added, will be on the back of rising investment in end-user segments such as power generation and transmission, railways and real estate
The quick commerce shares may be the toast of the town but BofA Securities is not convinced. The international brokerage firm has downgraded ratings for Zomato and Swiggy. It has cut the rating on Zomato to Neutral from Buy and Swiggy to Underperform. It expects losses to rise in the Q-com business over the next
TVS Motor Company, the two-wheeler giant, is making headlines as its shares trade ex-dividend. The company recently announced an interim dividend of Rs 10 per share for its eligible shareholders. But what does this mean for you? Here’s a breakdown of everything you need to know. TVS Motor record date: Are you eligible? The company
