With FSN E-Commerce Ventures, the parent of online beauty and fashion brand Nykaa, all set to release its fiscal third quarter earnings on Monday (February 10), brokerage firms and analysts said that the company is expected to record significant improvements in its numbers in Q3, both sequentially and on YoY basis. The online company is
Small fast-moving consumer goods (FMCG) companies, whose growth had slowed in the past few quarters as giants sought to counter them with regional product variants, are now beginning to reassert their presence in the market. Data from research agency NielsenIQ shows the December quarter was marked by a sharp uptick in sales for small players.
The 10-minute instant food delivery segment, led by Zepto Cafe, Swiggy’s Snacc, Blinkit’s Bistro and emerging startups like Swish and Zing is the latest trend in the startup ecosystem. However, industry experts caution that its sustainability remains uncertain. They believe the model is leveraging the success of quick commerce but may not be viable in
V2Retail is in a sweet spot. Value fashion is in demand, footfalls are growing and there aren’t too many quality retailers around. Business has been brisk for the Delhi-headquartered brick and mortar chain which competes with V-Mart and Bazaar Kolkata. Revenues are tipped to hit Rs 1,800 crore this year, a 55% jump over the
The sales of mid-premium residential properties (priced between Rs 1-2 crore) are expected to get a leg up with the Union Budget proposals. As per the Budget proposal, those earning upto Rs 12 lakh in salary will pay nil income tax in the new regime. This move is expected to leave additional disposable income in
An overwhelming 97.53% of the shareholders of Religare Enterprises (REL) rejected the reappointment of Rashmi Saluja as director in the company in an annual general meeting (AGM). The e-voting for her reappointment, along with other resolutions, had started on Wednesday. Saluja, who was supposed to retire by rotation, had offered herself for reappointment. On Friday
The Centre’s dividend receipts from Central Public Sector Enterprises (CPSEs) and other investments have reached ₹50,000 crore, accounting for 91% of the annual target so far in the current financial year. In the Union Budget presented on February 1, the government marginally revised its dividend receipt target for CPSEs to ₹55,000 crore, down from the
In December last year, Andhra Pradesh chief minister N Chandrababu Naidu, in a bid to boost employment opportunities for women, ordered state officials to facilitate development of co-working spaces and “neighbourhood working spaces”. By the end of 2025, Andhra Pradesh aims to set up 1,50,000 seats in co-working space centres in government and private buildings.
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are implied to open on a higher note on Tuesday. Also, Asian markets opened majorly on a higher note in early trade hours as investors looked past the tariff threats from Donald Trump. Previously, on Monday, the NSE Nifty 50 finished the
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Tuesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: Here’s a comprehensive list of stocks to keep in mind before you start your day. From Reliance Industries to Ashoka Buildcon
By Suhel Khan As the world’s largest supplier of generic drugs, renowned for its cost-effective vaccines and generic medicines, India plays a very important role in global medicine. The Indian pharmaceutical industry has transformed into a flourishing sector, currently ranking third globally in terms of production volume and 14th in terms of value. Over the
The rupee inched closer to the 88-mark against the US dollar on Monday, putting companies in import-sensitive sectors on the edge. While firms fear a surge in imported inflation on account of rupee depreciation, consumer electronics companies, for instance, are taking price hikes to protect margins. In sectors such as thermal power, where the cost
Footwear major Bata India on Monday reported a marginal 1% growth in its net profit at Rs 58.6 crore during the October-December quarter, as compared to Rs 57.9 crore in the same quarter in 2023-24. Bloomberg consensus estimates had pegged the net profit during the quarter at Rs 72 crore. The company’s revenue from operations