Hindustan Unilever (HUL) on Thursday reported a double digit rise in year-on-year (YoY) top and bottom-line growths for the December quarter and announced an increase in royalty payments to parent…
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Asian Paints Q3 results disappoint Dalal Street. Here’s what investors should do
Asian Paints Q3 results came in less-than-market expectations, leading to a 3 per cent correction on the counter on Thursday. Analysts said a re-rating on the counter looks unlikely but…
Two reasons why Adani Enterprises prefers Rs 20,000 crore FPO over rights issue
The best is yet to come for India and Adani Enterprises, said Jugeshinder Singh, CFO, Adani Group said on Thursday while announcing the Adani flagship’s mega follow-on-public offer (FPO). What…
Manasi Tata appointed as Vice Chairperson of Toyota Kirloskar Motor
Toyota Kirloskar Motor announced on Thursday that Manasi Tata, daughter of Vikram Kirloskar, will take over as Vice Chairperson with immediate effect. The resolution was passed by the board after…
Asian Paints wipes out early gains after Q3 results, stock down 3%
Asian Paints’ shares erased the early gains and dropped more than 2 per cent from day’s high at Rs 2957 to Rs 2891.85 on Thursday after the announcement of results…
Delhivery stock hits fresh record low; is it a value buy?
Shares of logistics services firm Delhivery hit a fresh record low in a weak market today. The stock of Delhivery fell 2.74 per cent intraday to Rs 299.55 against the…
Persistent Systems jumps 8% after strong Q3 show; Motilal sees in-line revenue in Q3
Persistent Systems’ shares rallied about 8 per cent during the trading session on Thursday after the company reported a strong performance in the December 2022 quarter. The company’s earnings were…
eRupee cannot be converted into cash for now: Report
The central bank digital currency (CBDC) or the eRupee cannot be, currently, converted into cash and vice versa. eRupee will be issued against bank deposits only by the Reserve Bank…
Asian Paints Q3 results: Profit rises 5.6% to Rs 1,073 crore, revenue up 1.7%
Asian Paints on Thursday reported a 5.6 per cent year-on-year (YoY) consolidated net profit after minority at Rs 1,072.67 crore compared with Rs 1,015.69 crore in the corresponding quarter last…
TCS is giving this incentive to make employees work from office
Tata Consultancy Services (TCS), India’s largest IT services company, has tweaked its appraisal system to include points for days when employees work from the office, Business Today has learned. An…