Infosys is likely to report muted earnings in the quarter ended December due to seasonal challenges. While revenue growth is expected to remain modest on a sequential basis, net profit is likely to see a slight increase. Analysts also anticipate a potential upward revision in the company’s revenue guidance for fiscal 2025. According to average
Fast-food chains in India are expected to feel the pressure of an ongoing economic slowdown in Q3FY25, as consumers continue to cut back on discretionary spending, particularly in urban areas, according to analysts. Despite the festive October-December quarter being crucial for quick-service restaurants (QSRs), Bernstein highlights hat high food inflation and low real wage growth
Wonderchef, the kitchen appliance brand backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24, reporting a net profit of Rs 1.5 crore, according to data from the Registrar of Companies (RoC). It was against a total loss of Rs 51.8 crore in FY23. Ravi Saxena, managing director of Wonderchef, told FE that the
BrightNight, a renewable power producer, on Tuesday announced that it has commissioned the first phase of its 115 MW hybrid renewable power project, Optima Maharashtra, in Dharashiv, Southern Maharashtra. This is one of the state’s first co-located wind-solar projects. Spanning around 500 acres, Optima Maharashtra integrates advanced wind and solar technologies, powered by BrightNight’s proprietary
Shoppers Stop Ltd on Tuesday announced its fiscal third quarter earnings report with profit at Rs 52.23 crore, posting a growth of 41.74 per cent in comparison to Rs 36.85 crore during the same period last year. The company posted a quarterly profit growth after two quarters of loss. It said that the growth was
Urban Company, the technology marketplace for home services, has moved the Delhi High Court against healthcare products company Kent RO Systems, alleging that Kent caused losses worth “several crores” by having Urban Company’s water purifiers delisted from major e-commerce platforms. In 2023, Urban Company, formerly known as UrbanClap, launched its own water purifiers under the
– By Dr Nupur Pavan Bang Behind the dazzling success of family businesses lies an often-untold story—the story of tangled emotions, power struggles, and fractured relationships. While these enterprises drive economies and legacies, they can also unravel spectacularly when trust erodes and clarity falters. The recent Kalyani family feud reminds us that even the most
Brokerages expect Reliance Industries (RIL) to report flattish year-on-year (YoY) growth in earnings and Ebida for the October-December quarter, with only single-digit sequential growth. Morgan Stanley anticipates a 4% quarter-on-quarter (QoQ) rise in earnings and Ebitda, but a relatively flat performance on a YoY basis. The brokerage attributes this to the impact of telecom tariff
Tata AutoComp Systems (TACO) has acquired an 80% majority stake in Artifex Interior Systems, previously known as IAC UK. The stake was purchased from Jaguar Land Rover Ventures, a subsidiary of Jaguar Land Rover Automotive plc and part of Tata Motors. This marks TACO’s second acquisition in Europe. ALSO READEmotorad unaffected by US tariffs With
EMotorad, an e-bike manufacturer, is set to increase the export of its electric bicycles to the United States. The current 25% tariff on automobiles does not apply to this segment. “EMotorad, or its manufacturing arm Dynem, falls under a different HSN code that applies to electronics, cycles, and scooters rather than traditional automotive categories. Therefore
Billionaire conglomerates Gautam Adani’s Adani Group and Kumar Mangalam Birla’s Aditya Birla Group are set for another rivalry—this time in the high-growth wires and cables industry. After fierce competition in the cement sector, both groups have now announced their entry into this largely unorganised market, signaling a major shift in the industry landscape. Market disruption?
The Centre’s dividend receipts from public sector enterprises (CPSEs) have exceeded the budget target (revised estimate) of Rs 55,000 crore by 34% to reach nearly Rs 75,000 crore in 2024-25, setting a new record. The dividend receipts from CPSEs – an important source of non-tax revenues- in FY25 is 16% more than the previous high
Foreign investors have infused nearly Rs 31,000 crore in the Indian equity markets in the last six trading sessions of the month primarily due to attractive valuations, appreciation in the rupee and improvement in macroeconomic indicators. The re-emergence of Foreign Portfolio Investors (FPIs) as buyers contributed to a smart recovery of about 6 per cent
