Finolex Industries Ltd has posted a net profit of Rs 12.863 crore (Rs 128.63 million) for the quarter ended December 31, 2002 as compared to Rs 22.683 crore ( Rs 226.83 million) in the quarter ended Jan 31, 2002.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
After 42 years at Hindustan Unilever (HUL) and different roles across Unilever's global operations, Harish Munwani, 65, retired as HUL's non-executive chairman. A day before Manwani bid adieu at HUL's 85th annual general meeting on Friday, he spoke to Viveat Susan Pinto & Vishal Chhabria on what kept him going at the firm and the challenges that await HUL.
The double-digit growth in itself is eye-popping, given the FMCG sector has seen low single-digit volume growth in recent times.
'Four times in Indian history, in 1992, 2000, 2007 and now, markets are at 25 times price-earnings.'
Who is the best onscreen brother - Salman or Ranveer?
Brazilian football great Ronaldinho and Manchester United legend Ryan Giggs will kick-off Premier Futsal, the world's first multi-national tournament, at the Jawaharlal Nehru Indoor Stadium in Chennai on July 15.
The hits and miss of the box office.
Shah Rukh Khan and Kajol look like a million bucks, but the situation -- and the drummed up "intensity" -- feel asinine, says Raja Sen.
'As he goes down, he will almost certainly drag a few others down with him.' 'Once the mutual mudslinging has died down, collateral damage will probably include more bankers than politicians, given the nature of how things work in India,' says T N Ninan.
The hits and misses of the week.
United States President Barack Obama on Thursday nominated Indian American Manish S Shah to serve on the United States District Courts judgeship for the Northern District of Illinois.
The Hindi version of Rajinikanth's Kabali did not find much love outside Tamil Nadu
The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
These consistent performers are expected to maintain momentum.
So long as there are concerns about world trade, growth and oil prices, the domestic market will remain volatile.
'We expect insignificant froth from the director, but this particular can of Rohit Shetty has been lying open too long. The contents are not merely un-fizzy but, unforgivably, flat.'
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam Chhaochharia, executive director & head, India Research, UBS, explains why implementing goods and services tax (GST) may not be as disruptive as many perceive it to be. But, he warns investors shouldn't have high expectations on corporate earnings.
As the Blue Whale Challenge claims its first victim in Tamil Nadu, psychiatrist Dr Anjali Chhabria tells you what you can do to stop it from claiming lives.
The recovery was led by pharma majors led by Dr Reddy's Labs.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
Number of stocks trading above 50 times and 100 times earnings are at record highs. When this happened in 2015 and 2016, the Sensex fell 22.6 per cent in a little over a year's time after peaking in January 2015, while it fell by 11.3 per cent in two months from its peak in September 2016.
Getting the first tyres out from the Sahaganj plant will still require a lot of effort, but with the state government on its side, the hopes are high.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
Tampering with electrical fittings of a car, subjecting it to improper maintenance or making unwarranted changes to it are the primary reasons behind the spurt in cases of vehicle fires, which have claimed several lives in the recent past.
The 36th India Day Parade ran through about 13 streets in Madison avenue in Manhattan.
The most awaited car and bike biennial event turned out to be a grand success.
'The focus is more on the outlook for global growth'.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
The rally in Indian market is mainly due to resumption of foreign institutional investor inflows.
'The big elephant in the room is our misguided view about the rupee.' 'India is scared that if our currency appreciates, who will buy from us. But a breakout is inevitable.'
'My parents have taught me that there is nothing more valuable than humanity.' 'I have seen poor and deserving people striving to get ahead in life and how reservation helps them.' 'At the same time I have seen rich kids with well to do parents still taking advantage of reservation.' 'I cannot be an opportunist. I cannot be a hypocrite.' 'I cannot say I believe in humanity and equality and do exactly the opposite.'
The markets tend to react six to eight months in advance
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