[ad_1] MUMBAI: Moody’s has said that most Indian companies it rates are insulated from the adverse effects of rupee depreciation due to mitigating factors. Among those negatively impacted are govt-owned oil marketing companies, Ola, and UltraTech Cement. OMCs face a currency mismatch, with marketing revenues tied to the rupee and feedstock costs in US dollars,…
[ad_1] Axis Securities has downgraded Hindustan Unilever to ‘hold’ rating with a target price of Rs 2,520 (+8%). Analysts expect near-term challenges for the company to persist with subdued demand in urban areas, increased competitive intensity, and volatility in key raw material prices. These factors are likely to impact volume growth and margins in the…
[ad_1] NEW DELHI: The Centre is readying the launch of social security contributions by gig workers. The platforms will be asked to deduct a certain percentage of the payment they make to these workers and deposit it with the Employees’ Pension Scheme. Govt may also top it up with a 3-4% contribution of the deposit…
[ad_1] NEW DELHI: Car companies are preparing a grid of chargers, similar to telecom towers, to power electric vehicles as top players, such as Tata Motors, Maruti Suzuki, Mahindra & Mahindra and JSW MG, start expanding their green offerings.An assessment of preparedness by companies shows almost all manufacturers beefing up the public charging network, including…
[ad_1] MUMBAI: Reliance Consumer Products has acquired the Sil brand, which specialises in packaged food items for an undisclosed amount. The Sil range includes cooking pastes, jams, mayonnaise, Chinese sauces, and other food items.This acquisition is set to intensify market rivalry with Hindustan Unilever, Tata Consumer Products and Cremica. Reliance has bought Sil from Food…
[ad_1] NEW DELHI: KFin Technologies Ltd on Thursday reported a 35 per cent year-on-year surge in profit after tax to Rs 90.18 crore for three months ended December 2024. The company had posted a profit after tax (PAT) of Rs 66.83 crore in the year-ago period, KFin Technologies said in a statement. Revenue from operations…
[ad_1] NEW DELHI: Adani Green Energy Ltd (AGEL) on Thursday posted over 85 per cent rise in consolidated net profit to Rs 474 crore for December quarter on the back of higher revenues from power supply. The company had logged a net profit of Rs 256 crore in the year-ago period, according to a BSE…
[ad_1] NEW DELHI: The initial public offer of Denta Water and Infra Solutions received 50.63 times subscription on the second day of bidding on Thursday. The initial share sale received bids for 26,58,10,750 shares against 52,50,000 shares on offer, translating into 50.63 times subscription, according to data available with the NSE. The portion for non-institutional…
[ad_1] NEW DELHI: Indus Towers on Thursday reported more than doubling of its consolidated net profit to Rs 4,003 crore in the third quarter of 2024-25 on the back of strong tower and colocation additions as well as significant collections of overdue from “a major customer”. The December quarter had a write-back of Rs 3,024…
[ad_1] NEW DELHI: Telecom operators, including Reliance Jio and Bharti Airtel, have introduced new voice and SMS-only plans for prepaid users in India. The move assumes significance as telecom regulator TRAI, last month, had amended tariff rules to mandate mobile service providers to issue a separate plan for voice calls and SMS for customers who…
