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Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr

Nov 3, 2023

New Delhi, Nov 3 (IANS) Online food delivery platform Zomato said on Friday that it registered Rs 36 crore as profit after tax (PAT) in the quarter ending September 30, as its revenues surged 71 per cent to Rs 2,848 crore. The online platform had registered a net loss of Rs 302 crore with revenues at Rs 1,661 crore in the same period last year. "We…

UCO Bank Q2 net down to Rs 401.67 cr

Nov 3, 2023

Chennai, Nov 3 (IANS) Public sector mortgage lender UCO Bank on Friday said it closed the second quarter of FY24 with a Rs 102.85 crore lower net profit as compared to previous year corresponding period.In a regulatory filing, UCO Bank said…

Business

Reduced material cost adds muscle to MRF’s Q2 profits to Rs 571.93 cr

Nov 3, 2023

Chennai, Nov 3 (IANS) The `tyre with a muscle’ maker, MRF Ltd beefed up its bottomline for the second quarter of FY24 due to drastic reduction in material costs and increased operational revenue. The company has also declared an interim…

Business

Raymond Group to foray into aerospace, defence, EV components biz with acquisition in Maini…

Nov 3, 2023

New Delhi, Nov 3 (IANS) Raymond Group has announced the acquisition of 59.25 per cent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals. This acquisition is a strategic move to…

Business

Arvind Fashions share price jumps 8 per cent after sale of beauty subsidiary to Reliance Beauty and…

Nov 3, 2023

New Delhi, Nov 3 (IANS) Arvind Fashions share price is up 8 per cent after the company sold its subsidiary, Arvind Beauty Brands Retail to Reliance Beauty and Personal Care.Arvind Fashions' share price is up 8 per cent at Rs 351.70 on…

Business

Spice & pickles king Atul Bedekar dies at 56 in Mumbai (Lead)

Nov 3, 2023

Mumbai, Nov 3 (IANS) Atul V. Bedekar, the spice and pickles king, and Director of the V. P. Bedekar & Sons group, passed away following a prolonged illness early on Friday, family sources said here.He was 56 and breathed his last around…

Business

Netweb Technologies registers over 100% increase in total income

Nov 3, 2023

New Delhi, Nov 3 (IANS) Netweb Technologies, a leading high-end computing solutions (HCS) provider in India, has achieved strong growth in the quarter ended September 30, where its total income increased by 100.4 per cent year-over-year,…

Business

Since FIIs are short in market, short covering is possibility

Nov 3, 2023

New Delhi, Nov 3 (IANS) The positive global sentiments can embolden the bulls in India to stage a comeback. Since FIIs are short in the market, short covering is a possibility, V.K. Vijayakumar, Chief Investment Strategist at Geojit…

Business

Amazon made extra $1 bn in profit via secret pricing algorithm: US FTC

Nov 3, 2023

San Francisco Nov 3 (IANS) Amazon ran a secret pricing algorithm, codenamed "Project Nessie", that may have generated the e-commerce platform more than $1 billion in extra profits, according to new details that emerged from the US Federal…

Business

Apple logs $43.8 bn in iPhone sales, new September quarter record

Nov 3, 2023

New Delhi, Nov 3 (IANS) Apple registered $43.8 billion in iPhone revenue in the September quarter, up 3 per cent year-over-year (YoY) and a new quarter record.In the quarterly earnings report on Thursday, Apple CEO Tim Cook said that the…

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