Kotak Mahindra Bank Q2 Results: Net profit falls 7% YoY to Rs 2,032 crore Kotak Mahindra Bank reported a 7% YoY decline in net profit to Rs 2,032 crore for the quarter ended September (Q2 FY22). Net profit rose 24% compared to the previous quarter. Its net interest income (NII) rose 3% YoY to Rs […]
Manufacturing PMI recovers to 3-Month high in July Manufacturing activity in India expanded after a month in July as local lockdowns imposed to curb the second wave of the Covid-19 pandemic eased. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.3 in July, compared with 48.1 in June. This is the fastest […]
Reliance Industries Q1 Results: Net profit falls 7% YoY to Rs 12,273 crore Reliance Industries Ltd (RIL) reported a 7.3% YoY decline in consolidated net profit to Rs 12,273 crore for the quarter ended June (Q1 FY22). Net profit has fallen by 7% when compared to the previous quarter. Its revenue from operations rose 58.2% […]
Hindustan Unilever Q4 Results: Net profit rises 41% YoY to Rs 2,143 crore Hindustan Unilever Ltd (HUL) reported a 41% year-on-year (YoY) increase in net profit to Rs 2,143 crore for the quarter ended March (Q4). Its revenue rose 35% YoY to Rs 11,947 crore during the same period. The FMCG firm saw strong demand […]
CAIT demands ban on Amazon’s e-commerce operations in India The Confederation of All India Traders (CAIT) demanded that the government should impose a ban on Amazon’s e-commerce portal and its operations in India. The traders’ body has accused the US-based company of indulging in predatory pricing, deep discounting, and inventory control. CAIT has also urged […]
The major cement companies of India have come under the scanner of the Competition Commision, for alleged cartelisation or anti-competitive behaviour. However, this is not the first time that such an investigation has taken place in the cement industry. Find out what cartelisation means, and how the listed cement companies could be in big trouble.
Ambuja Cement reports 50.5% YoY rise in net profit Ambuja Cement Limited on Thursday reported a 50.5% year-on-year (YoY) increase in consolidated net profit at Rs 803.5 crore, for the July-September quarter. The increase in profit has been due to the company’s cost reduction programs, and increased volume growth. Ambuja Cement has also declared an […]
India Cements on Monday reported a 69.70 per cent fall in its consolidated net profit to Rs 19.47 crore for the first quarter ended June 2020. The metrics were hit by COVID-19 led disruptions. The consolidated net revenue of India Cements Ltd stood at Rs 763.46 crore. They declined by 48.98% YoY from Rs 1496.37 […]