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Tata Consumer Products denies reports on exit of Starbucks from India

Tata Consumer Products denies reports on exit of Starbucks from India

Thu, Dec 19, 2024

Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as "baseless". Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India.

Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun

Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun

Wed, Dec 18, 2024

Radhakishan Damani-promoted Supermarket chain Dmart has emerged the most-valuable Indian company founded by a self-made entrepreneur post-2000 with a valuation of Rs 3.42 lakh crore, as per data released by Hurun on Wednesday.

Amazon exits Shoppers Stop; sells 4% stake for Rs 276 crore

Amazon exits Shoppers Stop; sells 4% stake for Rs 276 crore

Wed, Dec 18, 2024

Global e-commerce giant Amazon on Wednesday exited retail chain Shoppers Stop by selling a 4 per cent stake in the company for Rs 276 crore through an open market transaction.

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Innovative risk management, collection efficiency focus areas to drive growth: Satin Creditcare

Innovative risk management, collection efficiency focus areas to drive growth: Satin Creditcare

Sun, Dec 15, 2024

Microfinance institution Satin Creditcare Network Ltd (SCNL) is focusing on innovative risk management practices and efficient collection mechanisms to drive growth amid a “challenging” environment, says its chairman.

Life Insurance Corporation of India pares 2% stake in NMDC

Life Insurance Corporation of India pares 2% stake in NMDC

Fri, Dec 13, 2024

State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC's holding in the state-run iron ore mining company NMDC has dropped to 5.6 per cent from 7.6 per cent earlier.

In discussions with potential local partner: Skoda Auto Volkswagen India

In discussions with potential local partner: Skoda Auto Volkswagen India

Mon, Dec 02, 2024

Skoda Auto Volkswagen India on Monday said it is in discussions with a potential partner regarding possible collaboration in India, refuting speculation that it has halted the process of finding a local collaborator after the investigation over alleged customs duty fraud.

Ola Electric plans to increase store network to 4,000 by December 20

Ola Electric plans to increase store network to 4,000 by December 20

Mon, Dec 02, 2024

Ola Electric on Monday said it plans a four-fold expansion of its company-owned store network to 4,000 by December 20, 2024.

PCBL expansion at Mundra plant completed

PCBL expansion at Mundra plant completed

Thu, Nov 28, 2024

Carbon black major PCBL Ltd on Thursday said that the second and final phase of its specialty chemical capacity expansion at the Mundra plant in Gujarat has been successfully commissioned.

Waaree Renewable Technologies bags solar project worth Rs 1,233 crore

Waaree Renewable Technologies bags solar project worth Rs 1,233 crore

Wed, Nov 27, 2024

Waaree Renewable Technologies on Wednesday said it has secured an order worth Rs 1,233.47 crore to set up a ground-mount solar PV project of 2,012.47 MWp DC capacity.

Google ropes in former Apple exec Mitul Shah to lead Pixel business

Google ropes in former Apple exec Mitul Shah to lead Pixel business

Wed, Nov 27, 2024

Google has roped in the former head of consumer sales at Apple India Mitul Shah to lead its Pixel smartphone devices and services business in the country, according to a social media post.

Vedanta Aluminium, PwC in partnership to reduce carbon emissions in Odisha's Jharsuguda

Vedanta Aluminium, PwC in partnership to reduce carbon emissions in Odisha's Jharsuguda

Wed, Nov 27, 2024

Vedanta Aluminium on Wednesday said it has entered into a partnership with PwC India for restoration of habitats and carbon reduction in Jharsuguda, Odisha.

Alt Mobility raises $10 million from Eurazeo, other investors

Alt Mobility raises $10 million from Eurazeo, other investors

Wed, Nov 27, 2024

Commercial EV leasing and asset management firm Alt Mobility on Wednesday said it has secured $10 million funding in a Series A round led by European VC and PE funds and existing investor, Eurazeo.

Nazara Technologies sees Q2 profit decline 33% to Rs 16 crore

Nazara Technologies sees Q2 profit decline 33% to Rs 16 crore

Fri, Nov 15, 2024

Nazara Technologies Q2 Results: Homegrown gaming and sports media company Nazara Technologies reported 33 per cent drop in its net profit for the July-September period (Q2 FY25).

Global Health Q2 Results: Net profit rises 5% to Rs 131 crore

Global Health Q2 Results: Net profit rises 5% to Rs 131 crore

Thu, Nov 14, 2024

Global Health Q2 Results: Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in the September 2024 quarter.

Glenmark Pharmaceuticals PAT at Rs 354.49 crore in September quarter

Glenmark Pharmaceuticals PAT at Rs 354.49 crore in September quarter

Thu, Nov 14, 2024

Glenmark Pharmaceuticals Ltd on Thursday reported a consolidated profit after tax of Rs 354.49 crore in the second quarter ended on September 30, 2024.

Muthoot Finance Q2 Results: Net profit jumps 26% to Rs 1,251 crore

Muthoot Finance Q2 Results: Net profit jumps 26% to Rs 1,251 crore

Thu, Nov 14, 2024

Muthoot Finance Q2 Results: Muthoot Finance on Thursday reported over 26 per cent jump in net profit at Rs 1,251.1 crore in the second quarter ended September 2024.

Vodafone Idea reduces loss to Rs 7,176 crore in July-September quarter

Vodafone Idea reduces loss to Rs 7,176 crore in July-September quarter

Wed, Nov 13, 2024

Vodafone Idea has reduced its losses to Rs 7,176 crore in the July-September quarter of the current financial year from Rs 8,738 crore in the same quarter last year. Revenue from operations in the reporting period rose marginally by 2 per cent year-on-year (YoY) to Rs 10,932 crore.

Samvardhana Motherson International posts multi-fold rise in Q2 profit to Rs 949 crore

Samvardhana Motherson International posts multi-fold rise in Q2 profit to Rs 949 crore

Tue, Nov 12, 2024

Auto components maker Samvardhana Motherson International Ltd on Tuesday reported a multi-fold increase in consolidated net profit at Rs 948.81 crore in the September quarter, riding on healthy revenue growth.

Kirloskar Oil Engines net profit surges 48% to Rs 98 crore in September quarter

Kirloskar Oil Engines net profit surges 48% to Rs 98 crore in September quarter

Tue, Nov 12, 2024

Kirloskar Oil Engines Limited on Tuesday reported a 48 per cent jump in standalone net profit to Rs 98 crore for the September 2024 quarter. The company's net profit was Rs 66 crore in the September quarter of the previous fiscal.

Gulf Oil Lubricants Jul-Sep PAT grows 15% to Rs 84.44 crore

Gulf Oil Lubricants Jul-Sep PAT grows 15% to Rs 84.44 crore

Thu, Nov 07, 2024

Gulf Oil Lubricants India reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. The Hinduja Group firm had delivered a PAT of Rs 73.66 crore in the second quarter of FY 2023-24.

KRN Heat Exchanger Q2 Results: Net profit grows to Rs 12 crore

KRN Heat Exchanger Q2 Results: Net profit grows to Rs 12 crore

Thu, Nov 07, 2024

KRN Heat Exchanger Q2 Results: Metals products maker KRN Heat Exchanger on Wednesday reported over 40 per cent rise in its consolidated net profit to Rs 12.37 crore for the September 2024 quarter.

GAIL Q2 Results: Net profit up 10% Rs 2,690 crore

GAIL Q2 Results: Net profit up 10% Rs 2,690 crore

Tue, Nov 05, 2024

GAIL Q2 Results: State-owned GAIL (India) Ltd reported 10 per cent rise in September quarter net profit after an increase in earnings from gas transmission business and turnaround in petrochemical business neutralised fall in marketing margin.

Macrotech Developers Q2 Results: Net profit jumps over two-fold to Rs 423.1 crore

Macrotech Developers Q2 Results: Net profit jumps over two-fold to Rs 423.1 crore

Sat, Oct 26, 2024

Realty firm Macrotech Developers on Friday reported over two-fold jump in its consolidated net profit to Rs 423.1 crore for the September 2024 quarter. Its net profit stood at Rs 202.8 crore in the year-ago period.

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