CATEGORIES

Nestlé India CMD sees mega cities as pressure points

Nestlé India on Tuesday joined other FMCG majors in declaring that food inflation was hitting urban areas the worst while the demand was recovering in rural swathes, as it reported a one per cent year-on-year dip in its consolidated net profit for the second quarter of financial year 2024-25.

Adani Green profit up 38%

Adani Green Energy Ltd reported a 38 per cent increase in second-quarter profit, following rising power sales and an installation expansion.

‘Paytm will solve concentration risk’

One97 Communications, which operates fintech firm Paytm, on Tuesday announced a consolidated profit of ₹928.3 crore in Q2FY25, compared to a loss of ₹290.5 crore a year ago, on the back of selling its movie ticketing and events business.

Varun Beverages net up 22% to ₹629 crore

Varun Beverages Ltd (VBL), PepsiCo's largest franchise bottler, on Tuesday reported 22.33 per cent rise in consolidated net profit at ₹628.82 crore for September quarter driven by volume growth and improved margins.

Royal Enfield announces 1st assembly unit in Bangladesh

Indian motorcycle maker Royal Enfield on Tuesday announced starting a manufacturing unit and a showroom in Bangladesh, marking a major industrial development in the neighbouring country where the former prime minister Sheikh Hasina fled in August after weeks-long protests against her.

Zomato PAT soars 5x; to raise ₹8.5K crore

Board of directors gives nod to raise funds via QIP

Ambuja to buy Orient Cement in ₹8.1K cr deal

In its 3rd major acquisition in FY25, Adani firm to purchase 46.8% stake

Microfinance SRO makes a pitch for 4% cap on RoA

Following a regulatory crackdown on four non-banking financial companies (NBFCs), including two microfinance institutions, for charging \"usurious\" interest rates, a self-regulatory organisation (SRO) has asked its members to limit their return on assets (RoA) to 4 per cent.

Mega project builders in J&K assess risks, but no immediate alarm

Terrorist attacks in Jammu and Kashmir (J&K) over the past 35 years have been non-discriminatory, but of late targeting vital infrastructure projects has evolved into a pattern. However, contractors of major ongoing projects in J&K don't see cause for alarm just yet.

OF SHIPS AND TANKERS

Contrary to reports, India and Indian refiners are not breaking any international sanction laws

PhonePe cuts FY24 losses to ₹1,996 cr

Fintech major PhonePe trimmed its losses to ₹1,996 crore in 2023-24 (FY24), a substantial decrease from a loss of ₹2,792 crore it posted in FY23.

CoinSwitch: WazirX moved $73 mn crypto after data breach

Embattled crypto exchange WazirX cumulatively moved over $73 million worth of crypto to exchanges such as Bybit and Kucoin following a security breach on the platform, which led to a theft of $230 million, a senior executive from CoinSwitch, a rival crypto company, alleged on Monday.

Nifty Microcap 250 stocks shine amid October volatility

October has so far been volatile for the Indian stock market amid the ongoing geopolitical crises in West Asia and the European region.

Lower production cost may support HZL margins

During the September quarter (Q2FY25), Hindustan Zinc's (HZL's) revenue was reported at ₹8,300 crore (up 22 per cent year-on-year or Y-o-Y, and 2 per cent quarter-on-quarter or Q-o-Q), marginally above consensus.

Samvat 2081: Gold's glitter, silver's sparkle may remain undimmed

Geopolitical tensions likely to support bullion; analysts recommend investors hedge portfolios with precious metals

Mkts fall on unabated foreign fund outflow

Erasing initial gains, benchmark indices Sensex and Nifty closed lower on Monday due to a sharp fall in Kotak Mahindra Bank and relentless foreign fund outflows.

India, China reach pact on border patrolling

India's top diplomat, Foreign Secretary Vikram Misri, revealed on Monday that India and China had reached an arrangement for patrolling by both sides along the Line of Actual Control (LAC) in Eastern Ladakh.

In the making: A Ratan Tata Building by Tata group and Oxford University

The Tata group and Somerville College, University of Oxford, are partnering to build the Ratan Tata Building to honour late Ratan Tata. The construction is set to commence in Spring 2025.

A dealmaker's odyssey

In 1983, while pursuing a bachelor's degree in Mathematics from St. Stephens College, Delhi, the author of The Money Trap receives career advice from a friend of his father who taught statistics at Wharton. The latter suggests he should do an MBA in Finance. \"Americans are scared of maths, we (Indians) are good at it,\" is his pitch. Alok Sama, whose ambition then is to solve Fermat's last theorem, accepts his counsel and flees the India of Licence Permit Raj and shortages.

Bomb hoax calls to be made cognizable offence: Naidu

Bomb hoax calls, which have affected more than 90 flights of Indian carriers since October 14, will soon be made a cognizable offence under Indian laws, Civil Aviation Minister Kinjarapu Rammohan Naidu said on Monday.

The state of global venture capital

The industry in the West is at a crossroads as exits dry up - a mistake India must avoid

Differential exposure

Climate change hits the poor the hardest

Board committees: The board's engine room

The business of business is no longer only profit maximisation. It has been redefined to focus on generating value not just for shareholders but for all stakeholders, promoting the long-term sustainable success of the company, and contributing to society. Business is now more complex. Digital transformation, cybersecurity, artificial intelligence, recruitment and retention, climate change, geopolitics are just some of the more recent issues that boards need to address. Boards deal with this evolving and ever-expanding list through board committees that allow for enhanced decision-making. Some are for monitoring (audit committee) and others for advising (technology committee), ensuring that firms are well served.

Delimitation in focus as 2 South CMs talk reversing population policies

Over the past three days, the chief ministers of two southern states have flagged concern about the region's diminishing demographic dividend in the decades to come on account of the strides the South has made in population control.

HDFC Bank's Q2 mileage triggers target upgrade

Brokerages see up to 24.6% upside after better than expected results

Microsoft launches AI agents, deepening rivalry with Salesforce

Microsoft is launching a set of artificial intelligence (AI) tools designed to send emails, manage records and take other actions on behalf of business workers, expanding an AI push that intensifies competition with rivals like Salesforce.

Apple CEO's sidequest: Helping Nike turn things around

A new iPad lineup wasn't the only thing on Tim Cook's mind when he introduced the tablets from Apple's California headquarters in May. The hint was on his feet: a pair of one-of-a-kind sneakers designed on an iPad just for Cook, by Nike.

Morgan Stanley's Gorman named new Disney Chair

New CEO to be announced early 2026

3 Lebanese soldiers killed in strike; Israel apologises

Says it is not battling the military and mistook the troops to be Hezbollah men

Rift in INDIA bloc over seat sharing

A consensus has eluded the INDIA bloc parties in reaching a seat-sharing agreement for contesting the Assembly elections in Jharkhand and the bypolls in some states, especially Uttar Pradesh (UP).