Airtel Africa posts $7 million net profit in Q1; revenue falls 16.1%
Continuing devaluation of African currencies and higher finance costs remain drags
Continuing devaluation of African currencies and higher finance costs remain drags
Hindustan Unilever's chief financial officer, Ritesh Tiwari, also said while talking about advertising spend, that the company continued to invest competitively in its brands
The enhanced guidelines must be issued to lending institutions to protect the interests of the microfinance sector and specifically its clients
Total income rose to Rs 1,729.82 crore during the April-June period of this fiscal from Rs 1,521.71 crore in the corresponding period of the previous year, according to a regulatory filing
4G sites up in all metro cities & most state capitals, 5G service by early-2025
The Discard ITR option acts as a delete option for income tax returns that have been filed but are waiting for verification
Delhi NCR [India], July 25: Finance Minister Nirmala Sitharaman announced India's Union Budget for 2024-25, focusing on employment, skill development, support for MSMEs, and the middle class. This pivotal moment for India's fiscal policy outlined the government's financial roadmap, with all eyes on the strategies and allocations shaping the country's economic trajectory. Key highlights included targeted reforms, infrastructure investments, and measures to boost consumption and employment. Notably... Читать дальше...
Officials of construction and engineering major, L&T, which has in the past complained about skilled labour shortage, said if India needs to grow, one of its positives has to be its population
The Indian auto component industry exported items worth $21.2 billion in 2023-24, marking a five per cent year-on-year growth, he noted
Takeda follows a dual pricing strategy in both private and public markets, and as such, prices in the private market are higher in Europe than in Asian markets
Targets Rs 1,857 crore to fund debt repayment and growth initiatives
An SRO is a non-governmental organisation that acts as a bridge between industry players and the regulator. It also sets standards for the conduct of entities operating in the country
New Delhi [India], July 25: KalingaStone, the trailblazer in engineered marble, quartz, and terrazzo surfaces, proudly announces the launch of its latest ground-breaking innovation - Elixir. This premium quartz stone collection marks a significant milestone in KalingaStone's 15-year journey, epitomizing the fusion of cutting-edge technology and masterful craftsmanship.
At meeting held on 25 July 2024
S&P Global Ratings on Thursday said it has upgraded the rating of mining conglomerate Vedanta Resources Ltd to 'B' from 'CCC+' on improving capital structure and liquidity. "We believe Vedanta Resources Ltd has sufficient internal resources to meet debt maturities until December 2025, following recent funds raised and improved dividend capacity at its subsidiaries," S&P said in a statement. The company, which is the parent firm of Mumbai-listed Vedanta Ltd, has adequate internal funds to... Читать дальше...
Anant Ambani and Radhika Merchant got married on July 12. The couple had an intricate four-day celebration in Mumbai. However, it appears that wedding celebrations will continue in London
Bharti Airtel's Africa unit Airtel Africa has reported a consolidated net profit of USD 7 million for the June 2024 quarter against a USD 170 million loss in the year-ago period. Its net profit was primarily impacted by the USD 80 million of exceptional derivative and foreign exchange losses (net of tax) and lower EBITDA due to significant currency devaluation across key markets, Airtel Africa said. It had reported a loss of USD 91 million for the fourth quarter ended March 2024 on account of tax impact and forex loss. Читать дальше...
The five most chosen out-of-home beverage brands in India are Thums Up, Frooti, Amul, Maaza, and Bisleri
AU Small Finance Bank on Thursday reported a 30 per cent jump in its net profit to Rs 502 crore for the first quarter ended June 30. The Jaipur-based lender had earned a net profit of Rs 387 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 4,315 crore against Rs 2,773 crore a year ago, Au Small Finance Bank said in a regulatory filing. Interest income grew to Rs 3,769 crore during the period under review from Rs 2,458 crore in the corresponding quarter a year ago. Читать дальше...
The maker of the Barbie doll has launched a blind Barbie with a white cane and a red tip, eyeglasses representing individuals with blindness or low vision
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The initial NEET UG results listed 67 students as sharing the All-India rank 1. Six students received extra marks as compensation for mistakes by invigilators and 44 students received grace marks
Embassy Office Parks REIT on Thursday reported a 3 per cent increase in its net operating income to Rs 757.5 crore in the June 2024 quarter and announced distribution of Rs 530.8 crore to unitholders. The net operating income (NOI) stood at Rs 737.6 crore in the year-ago period. The board of directors of Embassy Office Parks Management Services Pvt Ltd, Manager to Embassy REIT, at its board meeting, declared a distribution of Rs 531 crore or Rs 5.60 per unit for the first quarter of 2024-25. "We... Читать дальше...
Mega deal makes Texmaco biggest rolling stock maker in India
With a substantial 64% of India's population residing in rural areas, the Nifty Rural index offers investors a unique opportunity to gauge the economic dynamics of this vital segment. By focusing on sectors that directly impact rural livelihoods and infrastructure, the index provides valuable insights into consumption patterns and investment prospects.