Reliance Brands ropes in All Saints, Kurt Geiger, EA7 to strengthen its portfolio

With a view to strengthen its portfolio, Reliance Brands has signed up Armani’s sportswear brand EA7 as well as British high-street labels All Saints and Kurt Geiger. This will give a boost... Read more »

Revenue growth for India Inc drops to a six-quarter low in Q4 FY19 says report

The revenue growth of the Indian corporate sector slipped to a six-quarter low in the March quarter of FY19, a report said. It was weak consumer sentiment and softening of commodity prices... Read more »

Aerospace major HAL reports an all-time high turnover of Rs 19,705 crore

State-run aerospace major Hindustan Aeronautics Limited (HAL) has recorded an all-time high turnover of Rs 19,705 crore with a growth of 7.8 per cent in 2018-19, the company said in a statement... Read more »

BHEL net profit up 50.7% to Rs 1,215 crore in FY19, revenue up 5.4% to Rs 29,349 crore

State-owned Bharat Heavy Electricals Limited (BHEL) has closed financial year 2018-19 with robust top and bottom line growth because of the strategic initiatives taken by the company. The standalone net profit rose... Read more »

Colgate-Palmolive India Q4 net profit up 4.7% to Rs 197.59 cr;

FMCG major Colgate-Palmolive India Ltd (CPIL) Monday achieved a 4.67 per cent rise in net profit at Rs 197.59 crore for the fourth quarter ended March 2019, led by volume growth. The... Read more »

Whirlpool of India net profit up 14% at ₹104 crore for fiscal year 2019

Whirlpool of India Friday reported a 13.91 per cent increase in profit at ₹104.1 crore for the fourth quarter ended March 31, 2019. The company recorded a profit of ₹91.38 crore in the year-ago... Read more »

RBI to opt for a legal view on Kotak Mahindra Bank’s promoter holding issue

The Reserve Bank of India (RBI) will seek a legal opinion in the Kotak Mahindra Bank’s promoter holding issue. The Bombay High Court last month adjourned its hearing of a writ petition... Read more »

State-run power giant NTPC Q4 profit at Rs 4,350.32 cr; recommends 25% final dividend

State-run power giant NTPC Saturday recorded a 48.7 per cent increase in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the... Read more »

India Cements’ FY19 profit is at Rs 69.4 crore against Rs 100.6 crore in 2018

Cement maker India Cements Ltd secured a net profit of Rs 43.85 crore for the January-March quarter on the back of increase in cement volumes and net plant realisations. The Vice-President and... Read more »

FPIs divest Rs 4,375 crore in May so far

Foreign investors have removed a net amount of Rs 4,375 crore from the Indian capital markets in May so far, driven by global and domestic factors. Before this, overseas investors had infused... Read more »