TVS Srichakra Q3 net plummets 73% to ₹9 crore
The Hindu
TVS Srichakra Ltd.’s standalone net profit for the third quarter ending December plummeted 73% to ₹9 crore on spiralling input costs.Revenue from operations grew by 19% to ₹659 crore, while total expe
TVS Srichakra Ltd.’s standalone net profit for the third quarter ending December plummeted 73% to ₹9 crore on spiralling input costs.
Revenue from operations grew by 19% to ₹659 crore, while total expenditure increased by 28% to ₹648 crore, the company said in a regulatory filing.
Input costs increased to ₹427 crore from ₹319 crore. Change in inventories in the form of finished goods was in negative ₹24 crore from negative ₹31 crore in the year earlier.
Google is fighting to beat back another attack by the U.S. Department of Justice alleging monopolistic conduct in its ad tech.
Meta will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition.
HUL shareholders to receive shares in new ice cream business entity, subject to approvals, maximizing value for all.
Vedanta launches $500 million bond issue post-Adani crisis, with Citigroup, JPMorgan, Deutsche Bank declining to comment.
USFDA reports Dr Reddy's and Lupin Pharmaceuticals recalling products in the US due to manufacturing issues.
EPF inoperative accounts rise to ₹8,505.23 crore in 2023-24, EPFO to return funds to beneficiaries, awareness campaigns planned.
S&P Global Ratings revises India's economic growth forecast due to high interest rates and lower fiscal impulse.
Indraprastha Gas Ltd raises CNG prices in select cities, while MGL hikes rates in Mumbai post-elections.
Adani group stocks surge on BSE, NSE; clarifies on Kenya deals amid bribery charges, airport project cancellation.
ZEE Entertainment CEO Punit Goenka resigns as Managing Director, withdraws reappointment, retains CEO position.
Forex traders warn of headwinds for USD/INR pair due to Dollar Index, oil surge amid Russia-Ukraine conflict.