HUL sees underlying volume growth of 7%, EBITDA up 90 bps in quarter ending March 2019.

Hindustan Unilever Limited (HUL) reports its results for the quarter ending 31st March 2019. Domestic Consumer Growth was 9% with Underlying Volume Growth at 7%. EBITDA margin was up 90 bps and... Read more »

Bombay Dyeing shares up 12% on strong Q4 earnings, with a standalone profit of Rs 1,253.33 cr

Shares of Bombay Dyeing & Manufacturing was up 12 per cent in the early trading hours on Friday, after the company achieved decent fourth quarterly earnings. On Thursday, the company reported a... Read more »

Millennials seek loans to fulfill their wanderlust says IndiaLends report

As summer vacations are around the corner, IndiaLends, a new-age digital lending platform, has reported 55% growth in personal loans for travel purposes. More so, 85% of these loan seekers are millennials,... Read more »

Brittania Industries Q4 net profit increases to Rs 294.27 crore, up by 11.28%.

Britannia Industries on Wednesday saw an 11.82 per cent increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019. The company had reported a net profit... Read more »

Escorts share price drop by 7.5% on decline in April tractor sales

Escorts share price dropped in early trade today after the farm equipment major suffered a 14.9 per cent downside in its tractor sales at 5,264 units in April. Escorts share price fell... Read more »

Oyo buys Amsterdam-based Leisure Group for $415 million

Hospitality firm OYO has decided to acquire Amsterdam-based vacation rental company Leisure Group from Axel Springer for an estimated $415 million (over Rs 2,885 crore). The acquisition could help OYO etch closer... Read more »

ICRA downgrades Reliance Capital’s Rs 950 crore short-term debt

Rating agency ICRA has downgraded Reliance Capital’s short-term debt worth Rs 950 crore to A4. ICRA announced that the rating watch is with negative implications due to the company’s slow monetization of the non-core investments... Read more »

NSIC may see a drop in net profit, plans to offer new services for MSME’s

State-owned National Small Industries Corp’s (NSIC) net profit for 2018-19 may see a drop because of stiff competition from private players, an official said Tuesday. The company is also looking to start... Read more »

Punjab National Bank, Union Bank, Bank of India to decide on a merger: Report

Some public sector banks could soon receive an invitation from the government to discuss another round of mergers in the sector, a Finance Ministry official told The Economic Times. It is speculated to... Read more »

Bombay Dyeing scion Ness Wadia arrested for possessing drugs, stock tumbles

Business tycoon, Ness Wadia, owner of IPL team Kings XI Punjab had been sentenced to two-year prison term for possession of drugs in Japan. The sentence however has been suspended for five... Read more »