Big Basket secures funding of USD 150 million, enters India’s unicorn club

Online grocery store Big Basket has reportedly received a fresh round of funding worth USD 150 million (about Rs 1,040 crore) led by Chinese e-tailer Alibaba and other investors... Read more »

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... Read more »

Telecom tribunal allow stay on Rs 8,300 crore DoT demand for Airtel-Tata Teleservices merger

Telecom tribunal TDSAT Thursday granted partial stay order on Rs 8,300 crore demand raised by the telecom department from Bharti Airtel for approving its merger with Tata Teleservices. The... 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... Read more »

89% of investors who redeemed from hedge funds in 2018 expect to recycle the capital says Credit Suisse survey

Credit Suisse recently released its 2019 Hedge Fund Investor Survey, entitled “Trimming the Sails”, which polled over 310 institutional investors globally representing US$1.12 trillion in hedge fund investments. Participants... Read more »

L&T Infotech profit up 36.2% to Rs 1,515.5 crore in FY19, revenue soars 29%

Larsen and Toubro Infotech, the software services arm of L&T group, ended the financial year 2018-19 with 36.2 per cent growth in consolidated net profit at Rs 1,515.5 crore... 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... Read more »

Will India Housing Sector Return to Favour with PE Firms?

narguably, the Indian real estate vertical that in the direst need of funding is the residential sector. In a perfect world, the private equity that is now pouring into... 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... 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... Read more »