Bengaluru – Footwear maker Bata India reported its first drop in profit in eight quarters on Wednesday, as soft demand dragged its revenue growth to a nine-quarter low. The company’s consolidated profit fell 10.5% to 1.07 billion Indian rupees ($12.92 million) in the April-June quarter, while revenue from operations increased just 1.6% to 9.58 billion…
NEW DELHI: As it struggles to claw back the wealth it lost because of the allegations levelled by global short seller, Hindenberg, the Adani Group found itself caught in the intense political crossfire over the no-trust vote, with BJP and Congress accusing each other of favouring the conglomerate. After Congress leader Rahul Gandhi renewed his…
Mumbai: Kalyan Jewellers India on Wednesday reported 33 per cent growth in consolidated profit after tax (PAT) at Rs 144 crore for June quarter 2023-24. PAT stood at Rs 108 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Revenue was up 31 per cent during the quarter under review at Rs…
NEW DELHI: Pakistan batting icon Babar Azam has solidified his reputation as one of the finest cricketers globally, showcasing his exceptional skills across various formats. Babar on Monday delivered a dazzling performance by hammering an impressive 104 runs from just 59 balls while representing his team Colombo Strikers and gudied them to a 7-wicket victory…
NEW DELHI: Having led India to Test and ODI series victory against the West Indies, skipper Rohit Sharma is relishing his off time in USA with wife Ritika Sajdeh as he is not the part of the T20I series. Responding to a fan’s query during an event in the USA, the crowds burst into laughter…
Ripples from the recession in Europe and the US continue to rock Gujarat’s textile and chemical sectors. The clouds of job losses are looming over these labour-intensive industries. A bad debt cycle triggered by low demand, shrinking working capital, high input costs and stretched payment cycles has forced companies to cut costs. The textile industry…
Pepperfry co-founder Ambareesh Murty died of a cardiac arrest on Monday night. Murty was 51. The furniture and home decor company’s second co-founder Ashish Shah informed about the demise of Murty on X, formerly Twitter. “Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more. Lost him yesterday night to a…
Kolkata: Indian traders are looking at destinations such as Vietnam, Cambodia, Thailand, other Asean countries and China to export cut and polished diamonds, as the US may stop importing diamonds of 1 carat and above from India starting January as it believes those may have originated from the mines operated by Alrosa of Russia, a…
NEW DELHI: With their semifinal berth already secured, India triumphed over reigning champions South Korea with a 3-2 victory in their fourth round-robin encounter of the Asian Champions Trophy in Chennai on Monday. This win solidified India’s undefeated streak in the continental hockey tournament. Prior to the commencement of the match at the Mayor Radhakrishnan…
NEW DELHI: Rajya Sabha Chairman Jagdeep Dhankhar on Monday accused TMC member Derek O’Brien of doing “theatrics” in the House to gain publicity during a heated debate on the Delhi services bill. Dhankhar’s outburst came after the TMC member refused to confine his speech to the Government of National Capital Territory of Delhi (Amendment) Bill,…
