SALES PERFORMANCE

There are talks of the budget being focussed on two things, one giving continued push to investment and second to increase the disposable income in the hands of people. The second could be done by cutting taxes or making changes with the tax slab. W...

The IPO, comprising a fresh issue of ₹1,000 crore and an offer for sale (OFS) of 1.77 crore existing shares, received overwhelming demand, with over 20 times subscription at its close. The company plans to utilize the funds from the fresh issue prim...

Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of ...

The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.

In FY24, asset reconstruction companies saw a shift towards prioritising loan restructuring over asset sales, focusing on value maximisation and revival potential. This strategic change reflects the evolving role of ARCs in the resolution of bad loa...

The markets are expected to rally if the election results align with expectations. Nonetheless, persistent macro issues and valuation concerns may constrain the upside potential. Analysts suggest that investors capitalise on the current volatility b...

Realty developer Sunteck Realty has reported its highest-ever annual performance in terms of pre-sales at Rs 1,915 crore for the financial year 2023-24 as against Rs 1,602 crore a year ago. The company’s net profit for the year rose to Rs 71 crore f...

Irfan Razack, CMD of Prestige Group, outlines the company's strong sales performance, future launch plans, and expansion strategies in Bangalore and other cities, emphasizing growth projections in various sectors by 2028. In Delhi NCR, Prestige is l...

Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the ...

The industry's GDPI saw a robust 15.5 per cent year-on-year (YoY) expansion in 2023-24, rising to Rs 2.79 lakh crore on the health segment, it said. Apart from this, the report said that the growth in the motor segment was healthy, supported by the ...

Flipkart is offering the iPhone 14 and iPhone 14 Plus at the same surprising price of Rs 58,999, which is a significant discount from Apple's official prices. Normally, the iPhone 14 sells for Rs 69,900 and the iPhone 14 Plus for Rs 79,900. This lim...

Mercedes-Benz India aims for double-digit sales growth with a focus on high-end models like Maybach GLS 600 and AMG S 63 E. VP Lance Bennett notes strong demand for top-end vehicles.

Sun Pharma Q4 Results: The company's revenue rose 10% year-on-year to Rs 11,983 crore in the reporting quarter. It was Rs 10,931 crore a year ago. Its board has approved a final dividend of Rs 5 per share, which will be paid within the prescribed ti...

The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. The improved sales to wealthier shoppers reflect a focus on affordable ...

The country’s third-largest producer of cement, in terms of capacity, saw its net revenue from operations rise 7% on year to Rs 5,101 crore. The relatively lower growth in revenue as compared to the sales growth indicates that the company, too, felt...

Tata Motors Surpasses Expectations with Tripled Profit in Q4, Eyes Debt-Free Status. India's largest automaker reported a net profit of Rs 17,528 crore in Q4, thrice the previous year, aided by a deferred tax credit. The company's revenue for the pe...

The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month

Nintendo will announce its next gaming console, the successor to the Nintendo Switch, by March 2025. This follows a strong fiscal year 2024 with 15.7 million Switch consoles sold.