Modi govt to announce DBT of Rs 4,000 per acre for farmers, to provide interest-free crop loans at a cost of Rs 2.3 lakh crore

    The Central government is expected to make an announcement this week regarding the benefits targeting farmers. This comes close on the heels of the BJP government’s poor performance in three state elections. In a possible relief to the farmers across the country, the Centre is likely to announce direct benefit transfers (DBT) worth Rs 4,000 […]

    Dabur India Q1 profit up 25% to Rs330 crore

    Dabur India’s total expenses were at ₹1,752.17 crore in Q1/FY 2018-19. Photo: Mint New Delhi: Dabur India, homegrown FMCG major, on Tuesday reported 24.59% rise in consolidated net profit to ₹330 crore for the first quarter ended 30 June 2018-19, driven by volume growth in key categories. It had posted a net profit of ₹264.86 crore […]

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    JK Paper Q1 profit rises 58% to ₹95.14 crore, sales climb 18%

    JK Paper’s improved EBIDTA margin and deleveraging contributed to a rating upgrade by CRISIL New Delhi: JK Paper Ltd on Tuesday posted a 58% rise in profit after tax in the first quarter of 2018-19 at ₹95.14 crore, up from ₹60.11 crore in the same period a year ago. The company’s gross revenue from operations was […]

    RBI’s CRR move to put monthly burden of Rs1,050 crore on banks

    India Ratings and Research said the relief from RBI on CRR would come in a staggered manner, as relieving this high quantum of liquidly all at once will come with challenges. Photo: Reuters Mumbai: Reserve Bank of India’s (RBI) move for banks to maintain excess cash reserve ratio (CRR) requirement is likely to put an […]

    Bajaj Auto Q2 profit up 7.2% at Rs1,200 crore

    Bajaj Auto said due to headwinds in international markets, total exports were down at 3,78,017 units as compared to 5,20,149 units in the corresponding period last year, down 27.32%. Photo: Reuters New Delhi: Bajaj Auto Ltd on Friday reported 7.2% increase in consolidated net profit at Rs1,200.72 crore for the second quarter ended 30 September. […]

    Vedanta’s September quarter net profit grows 17.1% to Rs1,251 crore

    Vedanta Ltd chief executive officer Tom Albanese. Photo: Bloomberg New Delhi: Mining giant Vedanta Ltd on Friday posted 17.14% jump in its consolidated net profit at Rs1,251.13 crore for the quarter ended September 2016 as against a year ago. In the year-earlier period, the figure stood at Rs1,068.95 crore, the company said in a BSE […]

    Grasim Industries’ Q2 net profit jumps 50% to Rs846 crore

    Grasim’s consolidated total income from operations also increased to Rs9,356.42 crore in the July-September quarter. Photo: Bloomberg New Delhi: Aditya Birla Group-owned Grasim Industries Ltd on Friday posted a 50% rise in consolidated net profit at Rs845.96 crore for the quarter ended 30 September, supported by higher operating leverage and lower interest cost. The company […]

    Nestle India’s Q2 profit more than doubles to Rs269 crore

    Nestle India’s shares closed at Rs6,960.50, up 0.52%, on BSE on a day the benchmark Sensex ended 0.09% up at 27,941.51 points. Photo: AFP Nestle India Ltd, the local arm of the Swiss food company, on Friday said net profit more than doubled in the quarter ended 30 September, signalling that it has overcome the […]

    Food-tech start-up Box8 raises Rs50 crore

    Box8, a full-stack service provider that handles everything from procurement of raw materials and preparation of the food to delivery, is operational in Mumbai, Pune and Bengaluru, and offers an assortment including ice creams, meal boxes, wraps, sandwiches, salads and desserts. Bengaluru: Food technology start-up Box8 (Poncho Hospitality Pvt. Ltd) has raised Rs50 crore ($7.5 […]