July Auto Sales Live: Major automakers are set to release monthly sales data on Saturday, August 1.
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July Auto Sales Live: Major automakers are set to release monthly sales data on Saturday, August 1.
GSM Foils reported a near doubling in quarterly net profit but saw its share price fall 20% amid an alleged plot to kill its managing director.
India's top consumer firms plan price hikes on products like toothpaste and paint due to rising commodity costs from the Middle East conflict, ahead of the festival season.
Godrej Consumer Products has increased prices of select Good Knight mosquito repellents, HIT insecticides and Cinthol soaps in July as higher palm oil derivatives, chemicals and packaging costs continue to weigh on margin.
"The Middle East war has impacted costs, not supplies," he said, adding that the company incurred a cost escalation of around Rs 800 crore in its India business during the June quarter.
The Series C funding, co-led earlier this month by Eclipse and G2 Venture Partners, will allow Antora to build a second factory to produce its modular batteries for pairing with renewables or grid power.
Arun Misra had joined Hindustan Zinc in 2019 as deputy CEO, after which he took over as CEO and whole time director in August 2020. The Vedanta Group's zinc and silver business is undertaken via Hindustan Zinc.
The company's revenue from operations rose 25% year-on-year (YoY) to Rs 1,626 crore, compared with Rs 1,303 crore in the corresponding quarter last year.
In an exchange filing on Thursday, the company said it received the ITAT order covering FY15, FY17, FY18, FY20 and FY22 in relation to income tax assessments challenged by the company.
The brokerages believe the company is better off revisiting the separation once the chemicals business reaches a larger scale and is financially self-sustaining.