Heineken’s Indian unit, United Breweries, will resume beer supplies to Telangana, the company said on Monday, weeks after the firm halted supply over pricing and non-payment of dues by the state government. Telangana is India’s top beer-consuming state, where United Breweries, which makes the Kingfisher beer brand, has 70% of the market share. Also ReadBlinkit’s
Blinkit, the quick commerce subsidiary of Zomato, reported a higher adjusted Ebitda loss of Rs 103 crore for the October-December quarter, up from Rs 89 crore during the same period last year. The adjusted Ebitda excludes ESOP costs. Sequentially, the loss expanded drastically from Rs 8 crore in Q2FY25. The losses reflect Blinkit’s strategy of
Investing platform Zerodha now boasts over 1.6 crore users managing assets worth Rs 6 lakh crores, co-founder Nithin Kamath shared in a LinkedIn post. Interestingly, Zerodha’s remarkable growth stands out not just for its scale but for its unconventional approach — achieved without spending a single rupee on advertising. “India is a tough market to
Telecom major Vodafone Idea issued a clarification on media reports stating that the government is mulling a proposal to waive 50 per cent of interest and 100 per cent of penalties and interest on penalties that make up the Adjusted Gross Revenue (AGR) dues levied on Vodafone Idea and Bharti Airtel. In a regulatory filing
Zomato on Monday recorded fiscal third quarter earnings with profit recording a significant drop of 57.25 per cent to Rs 59 crore, primarily due to the ongoing store expansion. The company had posted profit at Rs 138 crore recorded during the third quarter of previous financial year. Zomato said that its margins continued to face
One 97 Communications Ltd, the parent company of Paytm, on Monday reported its fiscal third quarter earnings wherein it reported a loss of Rs 208.50 crore, down from a loss of Rs 221.70 crore recorded during the same period of previous financial year. This came after the company had turned black in the second quarter
Gautam Adani-led Adani Group, indicted in the US of alleged bribery charges for securing solar energy contracts from Indian government officials, has hired two prominent US law firms including Kirkland & Ellis and Quinn Emanuel Urquhart & Sullivan LLP, for its defence in the US court, a report by The Economic Times said, citing sources.
Weeks after the ‘Kingfisher’ beer manufacturer, United Breweries had halted the supply of beer to Telangana, the company, on Monday, announced that it has decided to resume the supply with immediate effect. United Breweries said that the decision was made following ‘constructive discussions’ with Telangana Beverages Corporation Limited (TGBCL) and the government’s assurance to address
Go to Live UpdatesQ3 Results Live Updates, HDFC Bank, Hindustan Unilever Earnings Live: The fiscal third quarter earnings season has begun and IT giants like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, and others from across sectors including Reliance Industries Ltd, Zomato, Paytm, Axis Bank, ICICI Prudential Life Insurance Company, Cyient DLM
Sajjan Jindal-led JSW Group announced that the company will invest Rs 3 lakh crore across critical sectors in Maharashtra. JSW Group signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to expand its presence in electric vehicles, batteries, steel, and green energy sectors. In a statement, JSW Group said that the investment will
Indian equity indices opened Wednesday’s trading session gap-up. The NSE Nifty 50 opened 50 points, or 0.22%, higher at 23,074.65, while the BSE Sensex rose 185 points, or 0.24%, to open at 76,023.44. The overnight rally in the US markets boosted sentiments. The GIFT Nifty indicated a higher opening for stocks. It was up 38
Go to Live UpdatesHindustan Unilever Share Price Today Live Updates, 22 Jan, 2025: The Hindustan Unilever share is in news and the counter closed trade on 21 Jan, 2025 at Rs 2340.4. The shares touched intraday high of Rs 2377.45 in the last trading session while the intraday low was at Rs 2332.05. The company’s
The US dollar drifted slightly lower on Wednesday as financial markets grappled with uncertainty surrounding President Donald Trump’s tariff plans. Despite Trump’s statements about imposing a 10 per cent tariff on Chinese imports and 25 per cent levies on goods from Mexico and Canada starting February 1, a lack of concrete details has kept traders