Diageo-controlled liquor maker United Spirits Ltd (USL) has announced the sale and franchising of over 30 popular brands to Singapore-based Inbrew Beverages for an estimated consideration of Rs 820 crore. The company has signed a sale and franchise agreement for select popular brands with Inbrew, a joint statement said. "USL and Inbrew have executed definitive [...]
IFB Industries reported a consolidated net loss of Rs 28.29 crore for fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 7.71 crore for January-March period a year ago, IFB Industries said in a regulatory filing. However, total income was up at Rs 904.86 crore during the quarter under [...]
Diversified entity ITC on Saturday said it has acquired a 10.07 per cent stake in Blupin Technologies Pvt Ltd, the company behind direct-to-consumer (D2C) brand, Mylo. The FMCG major in April had announced the acquisition of a 10.07 per cent stake in Blupin Technologies Pvt Ltd, for up to Rs 39.34 crore. "The Company has [...]
Cigarette maker Godfrey Phillips India Ltd on Saturday reported a 9.07 per cent increase in its consolidated net profit to Rs 103.88 crore for the January-March quarter of 2021-22. The company had posted a net profit of Rs 95.24 crore during the January-March quarter of the previous fiscal, Godfrey Phillips India said in a regulatory [...]
Benchmark indices rose today, tracking a global rally driven by a strong retail earnings outlook in the United States and concerns about aggressive rate hikes. Most of the indices were in the positive territory. The Nifty 50 is trading at 16,313.90 levels, up 0.89%, while the Sensex is trading at 54,758.81 levels, up 0.93%. Here [...]
Mahindra & Mahindra on Saturday reported nearly five-fold jump in standalone profit at Rs 1,192 crore for quarter ended March 31, 2022. The company had posted a profit of Rs 245 crore for the year-ago period, it said in a statement. Revenue grew 28 per cent to Rs 17,124 crore in the period under review [...]
Inox Wind has reported widening of its consolidated net loss to Rs 255.76 crore for the March quarter, mainly due to lower revenues. The consolidated net loss of the company stood at Rs 105.87 crore in the quarter ended March 31, 2021, it said in a BSE filing. Total income in the quarter dropped to [...]
Online ticketing and entertainment platform BookMyShow on Friday said that it is witnessing a rush of users with easing of Covid-related curbs as it recorded the highest-ever ticket booking of 2.9 crore on its platform in April this year. The company said that its Transaction Video on-Demand (TVOD) streaming platform also recorded the highest transaction [...]
Adani Defence & Aerospace has entered into definitive agreements for acquiring 50 per cent equity stake in agricultural drone startup General Aeronautics for an undisclosed amount. Bengaluru-based General Aeronautics specialises in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming and yield monitoring services using artificial intelligence and data analytics. [...]
FSN E-Commerce, which operates under the Nykaa brand, on Friday reported a decline of about 57 per cent in its consolidated profit to Rs 7.57 crore for the fourth quarter ended March 2022, mainly account of new investments. The company had registered a profit of Rs 17.9 crore in the same period a year ago. [...]
