The upcoming Union Budget may see the government pave way for foreign-domiciled Indian startups to move their corporate headquarters back to India. The route for this is likely to be via the special economic zone of GIFT City — with minimal tax implications. In January this year, the government amended laws to permit the direct…
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its…
Page Industries, which licenses Jockey International’s products in India, reported smaller-than-expected profit and revenue on Thursday, hurt by high inventory costs and subdued demand. The company reported an inventory cost of 364.6 million rupees, compared to a negative 1.83 billion rupees in inventory value a year ago. Its total expenses fell just 0.5%, while raw…
New Delhi: Global lifestyle brand Swiss Military on Wednesday has reported 42.7 per cent increase in the consolidated net profit to Rs 2.37 crore in the fourth quarter ended March 2024 as against the net profit of Rs 1.66 crore in the same period of the previous fiscal, it said in a regulatory filing. Its…
New Delhi: Footwear retail chain Metro Brands, on Thursday has reported 126.3 per cent increase in its consolidated net profit to Rs 155.57 crore in the fourth quarter ended March 31st, 2024. It had reported a consolidated PAT of Rs 68.74 crore in a similar period, a year ago, the company said in a regulatory…
New Delhi: Arvind Fashions, a leading player in the casual and denim segment, on Tuesday has reported a 39.09 per cent increase in consolidated net profit to Rs 39.67 crore for the March quarter. The company had posted a net profit of Rs 28.52 crore for the January-March period a year ago, according to a…
Representative image New Delhi: Ethnic-wear brand TCNS Clothing, reported a net loss of Rs 63.60 crore in the quarter that ended March 31, 2024, according to its BSE filing. The company reported a loss of Rs 28.12 crore during the same quarter last year. Aditya Birla Fashion and Retail acquired a 51 per cent stake…
NEW DELHI: Union finance minister Nirmala Sitharaman was a topic of discussion among the opposition leaders and the public after she appeared to be stumped by a question asked by a stock broker regarding taxes.The question asked was: “As a broker, when we are putting a trade for retail investor, we are attracting a number…
New Delhi: Safari Industries (India), on Tuesday, has reported a consolidated net profit of Rs 43.19 crore in the fourth quarter ended March 2024. It reported a consolidated net profit of Rs 38.08 crore in the same period in the last fiscal, it said in a BSE filing. Its total income for the fourth quarter…
Mumbai: Kalyan Jewellers on Friday reported a 97 per cent growth in consolidated profit after tax (PAT) to Rs 137.49 crore during the March quarter. The jewellery retailer’s PAT stood at Rs 69.79 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Consolidated revenue from operations of the company grew 34 per…
