Representative image New Delhi: Gokaldas Exports Limited (GEL) has signed an agreement with Matrix Clothing Private Limited (MCPL) for the acquisition of its 100 per cent of share capital of Matrix Design and Industries for an enterprise value of Rs 489 crore, it said in a press release on Friday. From the total value, Rs…
DEHRADUN: The five-member panel constituted for drafting the uniform civil code (UCC) in Uttarakhand handed over its final draft report to CM Pushkar Singh Dhami in an event at the CM camp office on Friday morning. The draft would be discussed and passed in the state cabinet meeting scheduled on Saturday (February 3). Thereafter, it…
LONDON: Adidas deliveries to retailers are being delayed by Red Sea shipping disruptions, the CEO of the sportswear company told analysts on Thursday, adding that soaring freight rates are weighing on gross margins. Shipments are currently delayed by about three weeks, CEO Bjorn Gulden said, and that is causing some delivery issues, especially to Europe….
(Representative image) New Delhi: Footwear firm Bata India Ltd reported a 31.04% fall in their net profit, and a 0.7% rise in the total income during the third quarter ended December. This was driven by premium categories amid muted demands. Net profit fell from Rs 83.11 crore in the last year to Rs 57.31 crore…
RANCHI: Hemant Soren recorded and released a video message minutes before his arrest by ED in a land scam case late Wednesday, terming the action “only a pause in the struggle called life” and vowing to “fight on”. The former Jharkhand CM quoted Hindi poet Shiv Mangal Singh Suman to articulate his resolve to keep…
Representative image New Delhi: Business Wire India Timex Group India Ltd, part of the iconic global watch maker announced its financial results for the quarter ended December 2023. The quarter saw a robust double digit revenue growth of 11% over the same quarter previous year, thus maintaining the growth momentum. In this quarter, the company…
WASHINGTON/NEW DELHI: The US state department on Thursday formally notified US Congress of its approval of the sale to India of 31 MQ-9B Drones and associated military equipment worth $3.99 billion, overcoming token resistance from some lawmakers who, according to reports, wanted New Delhi to carry out a “meaningful investigation” into the alleged plot to…
Consumer discretionary major Titan on Thursday reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore in the third quarter. It was Rs 951 crore a year ago. The profit figure was lower than ET NOW poll estimate of Rs 1,159 crore. Revenue from operations jumped 20% YoY to Rs…
BENGALURU: Indian conglomerate Raymond reported a third-quarter profit jump on Thursday, as healthy demand for its high-margin branded apparel and real estate offerings outweighed a rise in costs. The company’s consolidated profit after tax nearly doubled to 1.84 billion rupees ($22 million) in the three months to Dec. 31, it said in an exchange filing….
representative image India’s gold consumption in 2023 dropped by 3% from the previous year to 747.5 tonnes, according to World Gold Council (WGC) data, as price increase dampened jewellery sales. Demand for gold jewellery in 2023 dropped by 6% to 562.3 tonnes compared with 2022, WGC data released on Wednesday showed. The year, however, saw…
