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 »

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 »

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 »

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 »

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... 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... 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... 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... 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... Read more »