India’s state-owned National Aluminium Company (NALCO) reported a 16.6% fall in fourth-quarter profit on Thursday, as higher costs and weaker alumina prices weighed on earnings. * The company is India’s…
Category: Companies
BSNL sets ambitious Arpu target of ₹150 in FY27, betting on 4G rollout, higher-value plan
NEW DELHI: Bharat Sanchar Nigam Ltd (BSNL) has set an ambitious target of increasing its average revenue per user (Arpu) by almost 50% to ₹150 in the current fiscal year.…
Cars24 co-founder Mehul Agrawal steps back amid senior-level exits
Used-vehicle marketplace Cars24’s co-founder Mehul Agrawal on Thursday announced his decision to step down from an operating role, in the latest high-profile exit at the IPO-bound company. Announcing his decision…
Reliance Retail expands beauty portfolio with acquisition of Priyanka Chopra’s haircare brand ‘Anomaly’ — What we know
Reliance Retail today announced that it has acquired actor Priyanka Chopra Jonas’ haircare brand ‘Anomaly’, including its brand assets, digital properties and trademarks, in a move that significantly expands its…
Strong volumes, higher prices: HUL walks a tightrope as West Asia conflict lifts costs
MUMBAI: Hindustan Unilever Ltd (HUL) is raising prices by 2-5% to counter rising input costs linked to the West Asia cpnflict, setting up a near-term trade-off between volume growth and…
Domestic footfalls lighting up India’s hotels
In hotels across India, not much looks different at the first look. The check-ins are the same, the wedding crowds have not gone away and the weekend rush in Goa…
Indo National to acquire Aidin Technologies
The Board of Directors of Indo-National Limited, at its meeting held on Thursday, approved the proposed acquisition of 51 per cent of the paid-up share capital of Aidin Technologies Private…
HUL Q4 revenue up 8% at ₹16,207 crore; net profit spurts 20% to ₹3,002 crore, boosted by stake sale in Nutritionalab
on Thursday reported its strongest quarterly revenue growth in three years, yet investors sold the stock sharply, pushing shares down 3.31 per cent to ₹2,237.70 on the NSE by mid-day.…
HUL Q4 results: Volume growth at 12-quarter high offsets price hikes, but cost pressures persist
FMCG bellwether Hindustan Unilever (HUL) reported March quarter results broadly in line with Street expectations, with revenue growing 8 per cent on-year to ₹16,207 crore, its fastest growth in 12…
Vedanta entities to trade by mid-June post-demerger: CEO
Mining major will file with stock exchanges next week for listing approval of its demerged entities, with shares expected to list and commence trading by mid-June, a top official of…