Sales during the quarter under review stood at Rs 9,357 crore, up 12.42 per cent, as against Rs 8,323 crore in the corresponding period of the last fiscal
'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.'
.jpg)
While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
The UK retailer earned an EBITDA of 2.7 million in the year ended June 2007 on the back of 17 per cent growth in sales, said Welspun India director Akhil Jindal in Mumbai on Monday. Christy's, which was losing money, customers and market share when it was acquired by Welspun, has reversed the tide by winning back customers, adding new ones and expanding its reach by opening more shop-in-shops.
The Ebitda margin, too, was lower than the expected 29.1 per cent.
While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
Pharma major Wockhardt on Thursday said it had acquired French pharmaceutical group Negma Laboratories for Rs 1,090.52 crore ($265 million) in cash -- a deal that would give it access to the European market.
The compact sedan Zest competes with the established brands like Maruti D'zire, Honda Amaze and Hyundai Xcent.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
While the enterprise value of 595 million may seem expensive for the acquisition of Whyte & Mackay by United Spirits, the fact remains that scotch is in short supply globally and there aren't too many companies up for sale.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
Anil Ambani group company Reliance Communications on Wednesday posted a 198 per cent increase in net profit at Rs 924 crore (Rs 9.24 billion) for the quarter ended December 31.
On a sequential basis too, the optical storage device major's net profit grew 44.9 per cent indicating the strength in recovery of operating parameters.
The layoffs will mainly be in the company's product and engineering functions.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
India's largest cellular operator Bharti Airtel on Wednesday posted a 48 per cent rise in net profit at Rs 755 crore (Rs 7.55 billion) for the first quarter ended June 30, on the back of strong additions in its subscriber base.
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago.
Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.
Sify Limited, India's premier Internet, network and e-commerce services company, announced on Wednesday its consolidated US GAAP results for the quarter ended June 30th 2005.\n\n
Fall in crude prices has eased interest rate worries and that expectation of good Q2 is already factored in the prices.
And why markets could give up 25 per cent of all these gains made since March 2020
Bharti Televentures on Thursday posted a 43 per cent increase in its net profit at Rs 521 crore (Rs 5.21 billion) for the second quarter ended September 30, 2005 over the same period in previous fiscal.
Unlike some of India's largest online retailers like Flipkart, Amazon, Myntra and Jabong, which are very secretive about their data and use it to cut better deals with brands than their competitors, the Nykaa monetising its insights. If it is is able to do so without giving away any of its advantages to competitors, it could be on to a winning model.
The increase in bookings has also meant a significant reduction in overall costs for the online travel agencies and a consequent narrowing of losses.
The big advantage that Jio is able to garner currently is its low cost of operations.
After a robust Q4 FY14, thanks to election spends on advertising across platforms, media entities might see slightly lower ad revenue growth at 12 to 14 per cent.
Operational income not covering even their interest expenses, finds study; analysts say if economy turns around, new equity issuances an option
Better margins, lower interest outgo could see the company turn profitable in FY15.
Ril's shale gas may be impacted due to fracking ban
But, unlike its competitors, it did not have a comprehensive infrastructure back-end and required fresh investments.
The world's largest liquor maker Diageo Plc on Tuesday made an open offer worth Rs 11,448.91 crore (Rs 114.48 billion) to acquire an additional 26 per cent stake in United Spirits Ltd.
Country accounts for 38% of telco's global user base, 10% of total revenue
Analysts feel Fortis Healthcare share holders are at a disadvantage and deal valuations had been short of expectations
The company plans to overhaul business and rationalise costs in a bid to reach parent Unilever's new profit targets, reports Viveat Susan Pinto.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Reliance Communications could become a much more formidable opponent.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Chinese blast has Tata Motors reporting Rs 430 cr net loss.
