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Thursday, July 30, 2020
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Reliance Industries posts Rs 13,248 crore net profit for June quarter

July 30, 2020 8:31:20 pm

Net profit was Rs 10,141 crore in the same period a year back, the company said in a regulatory filing. The company said it recognised exceptional gain of Rs 4,966 crore from stake sale.

Mother Dairy enters bread segment, aims Rs 25,000 crore turnover by 2025

July 30, 2020 5:25:18 pm

The breads will be initially available at its 1,800 milk booths and 'Safal' outlets in the National Capital Region (NCR).

ArcelorMittal reports $559 million net loss in Apr-Jun quarter

July 30, 2020 4:53:40 pm

The world's largest steelmaker had clocked a net loss of USD 447 million in the year-ago quarter, the company said in a statement.

Dabur Q1 net profit falls 6% to Rs 341 crore

July 30, 2020 4:10:33 pm

Revenue from operations for the quarter under review was down 12.90 per cent to Rs 1,979.98 crore, as against Rs 2,273.29 crore in the corresponding quarter of the previous fiscal, Dabur India said in a BSE filing.

HDFC Q1 profit rises 15% at Rs 4,059 crore

July 30, 2020 2:50:12 pm

The total income rose 29 per cent to Rs 29,959 crore in April-June, 2020-21 as against Rs 23,240 crore in the same period of 2019-20, HDFC said in a regulatory filing.

Nestle cuts 2020 growth forecast as consumers ate into stockpiles in second quarter

July 30, 2020 12:01:50 pm

Packaged food companies have weathered the crisis better than other industries as consumers bought coffee, pasta or infant formula in bulk during COVID-related lockdowns, although Nestle's business supplying restaurants and cafes restaurants has suffered.

Covid impact: Maruti Suzuki India reports Q1 net loss at Rs 249.4 crore

July 30, 2020 12:46:08 am

The company also announced an 80 per cent dip in revenue as it fell from Rs 18,735 crore in June 2019 to Rs 3,677 crore in June 2020.

Flipkart starts hyperlocal service ‘Flipkart Quick’, to expand to 6 cities by year-end

July 28, 2020 6:29:58 pm

In the past few months, Flipkart has tied up with retail chains like Spencers and Vishal Mega Mart to enable hyperlocal deliveries of groceries and essentials in various cities.

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Yamaha FZ 25 and FZS 25 BS VI version launched in India: Price, features and more

July 28, 2020 3:16:02 pm

Yamaha FZ 25, FZS 25 BS 6 Price in India: The Yamaha FZ 25 is available in Metallic Black and Racing Blue colour options while the Yamaha FZS 25 is going to be available in Patina Green, White Vermillion and Dark Matt Blue.

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ITC acquires Sunrise Foods for Rs 2,150 crore

July 28, 2020 9:59:30 am

"The company has acquired 100 per cent of the equity share capital of Sunrise on July 27, 2020," said ITC.

Under the rules, e-commerce players have to display details about return, refund, exchange, warranty and guarantee, delivery and shipment, and any other information that may be required by consumers to make informed decisions.

Govt notifies new rules for e-commerce entities

July 24, 2020 10:52:47 pm

According to the new rules, the e-commerce players will have to display the total price of goods and services offered for sale along with a break-up of other charges.

Biocon Q1 net profit declines 26% to Rs 167.8 crore

July 24, 2020 12:01:45 pm

Shares of Biocon Ltd were trading at Rs 418.85 per scrip on BSE, down 2.66 per cent from its previous close.

Forensic audit flags 2012 stake sale of IL&FS arm to Singapore-based firm

July 24, 2020 3:13:24 am

The audit report, submitted to a consortium of lenders led by Punjab National Bank in June 2020, has found that SEPCO was one of the contractors of ITPCL and it had received money from the power firm for various contracts.

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‘General Atlantic, Sequoia Capital weigh taking over TikTok from parent ByteDance’

July 24, 2020 3:05:12 am

As per a Financial Times report, the two investment firms are in discussions with the US and other regulators regarding the takeover.

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Express Group acquires insurance web aggregator MyInsuranceClub

July 24, 2020 10:42:53 am

An IRDAI-licensed insurance web aggregator, MIC has been an early entrant into the insurance comparison business in India.

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Flipkart acquires Walmart India, to launch Flipkart Wholesale for B2B segment in August

July 23, 2020 4:33:55 pm

Flipkart Wholesale is a new digital marketplace focusing on addressing the business-to-business (B2B) segment in India.

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With net worth of $75 billion, Mukesh Ambani is now world’s 5th richest person

July 23, 2020 9:20:17 am

Mukesh Ambani's net worth is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

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Tesla’s spent a year terrifying, electrifying Wall Street

July 22, 2020 4:23:46 pm

One year ago this week, shares plunged 14% after Tesla posted another quarterly loss, this one for $408 million, wiping out about $6 billion of the company's worth.

Bajaj Auto Q1 profit plunges 61% to Rs 395.51 crore

July 22, 2020 1:48:27 pm

Bajaj Auto said it sold 4,43,103 units during the first quarter against 12,47,174 units in the year-ago period.

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GSK-CH merger helps HUL profits rise 7% despite Covid

July 22, 2020 2:16:56 am

HUL said total income increased 4.9 per cent to Rs 10,716 crore during the June quarter as against Rs 10,261 previously.

Bajaj Finance Q1 net profit drops 19% to Rs 962 crore on higher provisioning

July 21, 2020 5:31:23 pm

Bajaj Finance said the COVID-19 pandemic and the consequent lockdown has considerably impacted the group's business operations for the quarter ended June 2020.

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Bharti Airtel renews pan-India managed services partnership with Ericsson

July 21, 2020 4:30:50 pm

Under the agreement, Ericsson will also manage Airtel's network operations centre and field maintenance activities across India.

Rahul Bajaj steps down as Chairman of Bajaj Finance

July 21, 2020 5:26:45 pm

He will be succeeded by Sanjiv Bajaj, currently Vice Chairman, the Bajaj Finance said in a regulatory filing on Tuesday.

Amazon Inc founder Jeff Bezos adds record $13 billion in single day to his fortune

July 22, 2020 5:34:03 pm Inc shares surged 7.9 per cent, the most since December 2018 on rising optimism about web shopping trends, and are now up 73 per cent this year.

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With $2 billion in exports, MSMEs get international reach via Amazon’s GSP

July 21, 2020 5:01:44 am

Amazon aims for its Global Selling Programme to reach $10 billion in exports by Indian sellers by 2025.