New Delhi, Jan 6 (PTI) Godrej Consumer Products Ltd (GCPL) on Thursday said it is expecting a low volume growth and margin dilution in December quarter due to some short-term challenges such as unprecedented inflation during the period. The Godrej group FMCG arm expects to deliver close to "high single-digit" sales growth in the domestic [...]
New Delhi, Delhi, India (NewsVoir) Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has announced that its recently launched Skyz Tower project has been 60% sold out. The affordable homes at Skyz Tower come with Danube Properties’ trend-setting 1 percent payment [...]
New Delhi, Jan 6 (PTI) Luxury automaker Volvo Car India on Thursday said its retail sales increased by 27 per cent to 1,724 units last year as compared with 2020. The Swedish carmaker had sold 1,361 cars in 2020. The sales growth last year was led by the company's SUV portfolio with the company's mid-sized SUV the [...]
Mumbai, Jan 6 (PTI) The Omicron variant spread will impact the January-March quarter GDP by 0.40 per cent and shave off 0.10 per cent from the FY22 growth, as many states resort to restrictions to limit infections, a domestic rating agency said on Thursday.“Curbs in various forms such as reducing the capacity of market/market complexes [...]
Mumbai, Jan 6 (PTI) Angel One, a leading listed retail stock broking house, has seen its client base jump by over 144 per cent to 7.78 million in 2021, a net addition of 4.77 million during the year. In December alone, its gross client acquisition jumped 0.46 million, up by 110.4 per cent, the brokerage [...]
New Delhi, Jan 6 (PTI) State-run SJVN's power stations have clocked the highest ever 1,480 MU (million units) of electricity generation in the October-December quarter of 2021-22. SJVN has surpassed the previous record of 1,343 MU in the corresponding period of FY 2019-20, from all its power stations, Nand Lal Sharma, Chairman and Managing Director, [...]
Mumbai, Jan 6 (PTI) BMW Motorrad, the two-wheeler arm of German premium carmaker BMW, more than doubled its sales in India at 5,191 units in 2021 over the previous year with models such G 310 R and G 310 GS driving volume during the year, the company said on Thursday. BMW Motorrad India had sold [...]
New Delhi, Jan 5 (PTI) RBL Bank on Wednesday said its gross advances grew five per cent year-on-year to Rs 59,941 crore as of December 31, 2021. The bank said it is a provisional figure for Q3FY22. The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year [...]
New Delhi, Jan 5 (PTI) Microfinance company Spandana Sphoorty Financial Ltd (SSFL) on Wednesday announced its financial results with a delay and posted a consolidated loss of Rs 57.94 crore for the second quarter ended September 2021. The company had posted a net profit of Rs 66.76 crore for the corresponding quarter of the previous [...]
New Delhi, Jan 5 (PTI) Larsen & Toubro (L&T) on Wednesday said its heavy engineering arm has won significant contracts for its various business segments in the third quarter of the ongoing financial year. The modification, revamp and upgrade (MRU) business of L&T Heavy Engineering has been awarded an important contract by a key hydrocarbon [...]
