)
Puri notes that tax stability in recent years has allowed the cigarette industry to recover from illicit trade, a trend that has been unfolding over several quarters
Consolidated revenue from operations in Q3FY24 was at Rs 19,484.50 crore, up 2.44 per cent
Acharya says that the company is on track with its expansion plan
Net profit for the quarter beat Bloomberg consensus estimate of Rs 2,170.5 crore. But it trailed revenue estimates of Rs 42,774.5 crore
UK, is more of a structural problem and that's why we're doing the restructuring. But we expect the losses to be lower going forward as we start shutting down the blast furnaces
On standalone basis, the company's net profit stood at Rs 4,653.04 crore and revenue at Rs 34,681.90 crore
'Aggressive promotion' helps companies to regain business share in nation
The main thoroughfares, public places, markets, and private buildings were adorned with large cut-outs of Lord Ram, Ram flags, posters, banners, etc, displaying the frenzy around Ram Mandir
The excitement around the Ram Mandir consecration is building up and it's spreading across the country - from housing societies, temples to schools
The closures are part of company's plan to transition to more sustainable, green steel business
Temple's inaugural event to bring in business worth Rs 1 trillion, CAIT estimates
Revenue from operations at Rs 9,127.45 in Q3FY24 crore was higher from Rs 9,062.50 crore in the same period last year
The round will provide partial exits to initial investors Indian Angel Network and Lighthouse Funds. Daryani also mentioned that about Rs 180-190 crore was for the primary funding of the business
The company, which was once financially stressed, is looking to fund the expansion through internal accruals
In August 2023, McLeod reached an understanding with Carbon Resources for the sale of tea estates. The size of the deal pegged at Rs 700 crore was to enable a one-time settlement
The GoM would also be interacting with stakeholders of the industry to deliberate on the issues facing the industry and where the West Bengal government can help
Companies want support for capacity addition and anti-dumping measures against substandard imports
Companies want support for capacity addition and anti-dumping measures against substandard imports
Union Commerce Minister Piyush Goya directed the FSSAI to step up testing
A major producer pointed out that auction prices were impacting private sale prices