Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 53.34 per cent jump in consolidated profit after tax at Rs 395.48 crore for the September quarter, helped by revenue growth and transition to lower tax rate in India. The company, which follows January-December financial year, had posted a profit after tax of Rs [...]
Tech Mahindra on Tuesday reported a 4 per cent decline in consolidated profit after tax at Rs 1,285 crore in the September quarter. The country's fifth largest IT services exporter had reported a net profit of Rs 1,339 crore in the year-ago period. The company's overall revenue rose 20.7 per cent to Rs 13,129 crore [...]
Mahindra & Mahindra Ltd on Tuesday reported a 60 per cent rise in domestic passenger vehicle sales at 32,298 units in October 2022. The company had sold 20,130 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement. Utility vehicle sales were at 32,226 units, as against 20,034 units in [...]
Bajaj Auto Ltd on Tuesday reported a 10 per cent decline in total sales at 3,95,238 units in October. The company had sold a total of 4,39,615 units in the same month last year, Bajaj Auto Ltd (BAL) said in a statement. Total domestic sales were up 11 per cent at 2,42,917 units last month [...]
Byju's founder and chief executive Byju Raveendran has apologised to the firm's employees for the clumsy layoffs in India's largest education technology company, saying 2,500 job cuts were necessitated to avoid role duplication and reduce redundancies. In a message to employees, Raveendran said Byju's has been compelled to focus on sustainability and capital-efficient growth because [...]
Registration of properties in Mumbai municipal region stood at 8,276 units in October, down 3 per cent from the year-ago period, as sales momentum moderated despite festive demand, according to Knight Frank India. In October 2021, as many as 8,576 units were registered in Mumbai city (BMC area). Real estate consultant Knight Frank India said [...]
Logistics firm TCI Express on Monday posted an about 12 per cent rise in profit after tax (PAT) at Rs 38 crore in the September quarter on account of higher income. The company's PAT stood at Rs 34 crore in the corresponding quarter of the previous financial year, TCI Express said in a BSE filing. [...]
Wal-Mart India Pvt Ltd, which operates Best Price Flipkart wholesale stores, has witnessed its loss widening to Rs 299.01 crore in FY22 despite its revenue from operations going up, according to financial data accessed by business intelligence platform Tofler. Wal-Mart India, in which Flipkart acquired 100 per cent interest in July 2020, had reported a [...]
Domestic steel giant Tata Steel on Monday reported a nearly 90 per cent drop in consolidated net profit to Rs 1,297 crore for the July-September quarter of 2023-23, dragged by higher expenses. The company's net profit stood at Rs 12,547.70 crore in the corresponding period of the previous financial year, Tata Steel said in a [...]
Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of Rs 257.37 crore. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of [...]
