Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/an-unlikely-competition-how-shopify-is-mounting-a-serious-challenge-to-amazon-and-flipkart/articleshow/80749686.cms SynopsisShopify has been quietly and assiduously chipping away as an alternative to Amazon and Flipkart by getting small businesses to use its platform.
Category: Company Specific News
Tata Steel returns to black, posts over Rs 4,010 crore profit in December quarter – The Financial Express
Clipped from: https://www.financialexpress.com/industry/tata-steel-returns-to-black-posts-over-rs-4010-crore-profit-in-december-quarter/2191358/ During the October-December period of the current fiscal, its total income rose to Rs 39,809.05 crore from Rs 35,613.34 crore a year ago.
Persistent’s revenue outlook improves on digital offerings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/after-a-50-rally-revenue-visibility-just-got-better-for-this-it-stock/articleshow/80749360.cms Synopsis–In line with bigger peers, Persistent showed a strong topline growth and margin improvement in the third quarter. Revenue grew by 7.4% sequentially
Should you be positive on ITC? Siddhartha Khemka answers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/how-to-position-in-itc-siddhartha-khemka-answers/articleshow/80742924.cmsSECTIONSShould you be positive on ITC? Siddhartha Khemka answersLast Updated: Feb 08, 2021, 09:52 AM ISTSynopsis Even if the numbers for the other segments
To regain market share, Complan heads for small towns – The Financial Express
Clipped from: https://www.financialexpress.com/industry/to-regain-market-share-complan-heads-for-small-towns/2190752/ Once a clear No. 2, the brand has a mere 5% share in malt beverages market currently The iconic 90s’ health drink brand
Grofers’ total losses increase by over 40% y-o-y in FY20 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/grofers-total-losses-increase-by-over-40-y-o-y-in-fy20/2190756/ The company’s advertising and promotional expenses shot up to Rs 179.21 crore in the last financial year from Rs 82.08 crore in FY19.
A robust showing in the third quarter – APOLLO TYRES RATING ‘BUY’;The Financial Express
Clipped from: https://www.financialexpress.com/market/apollo-tyres-rating-buy-a-robust-showing-in-the-third-quarter/2190697/ Firm to be key beneficiary of CV recovery; FY21/22/23 EPS up 59/48/44%; TP up to `307; upgraded to ‘Buy’ APTY’s adjusted Q3FY21 revenues,
Future-RIL deal skating on thin ice, may even get derailed, say lawyers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/future-ril-deal-skating-on-thin-ice-may-even-get-derailed-say-lawyers-121020500845_1.html They believe the best way forward is for Amazon and Future to negotiate with each other on how to ensure that Future group
Buffeted by Centre and State, GM threatens legal action – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/buffeted-by-centre-and-state-gm-threatens-legal-action/article33770765.ece?homepage=true A year after announcing plans to sell its Talegaon plant, automaker rejects Maharashtra government’s order to continue operations Squeezed between the Centre’s decision
PNB on track to achieving proit of ₹ 2,000 crore this fiscal despite Covid-19 challenges – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pnb-on-track-to-achieving-proit-of-2000-crore-this-fiscal-despite-covid-19-challenges/article33767866.ece Retaining guidance of grossNPA below 14 per cent and netNPA of 5 per cent by March 2021, said MD&CEO Mallikarjuna Rao Punjab National
Punjab National Bank to raise Rs 3,200 crore from share sale in current quarter–business today
Clipped from: https://www.businesstoday.in/sectors/banks/punjab-national-bank-to-raise-rs-3200-crore-from-share-sale-in-current-quarter/story/430500.html The state-owned bank has raised Rs 3,788.04 crore from QIP in December after which the government’s stake in it dropped from 85.59 per
Aptech insider trading case: Rakesh jhunjhunwala files consent appeal with SEBI–business today
Clipped from: https://www.businesstoday.in/markets/company-stock/aptech-insider-trading-case-rakesh-jhunjhunwala-files-consent-appeal-with-sebi/story/430478.html SEBI had issued show-cause notices to Jhunjhunwala and Aptech’s board members, querying why action should not be taken against them for security law
Without Reliance deal, future uncertain for Kishore Biyani’s firms | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/without-reliance-deal-future-uncertain-for-kishore-biyani-s-firms-121020501995_1.html This week, the Delhi High Court directed Biyani’s flagship company to maintain the status quo on its Rs 24,713-crore deal to sell his
Cipla Rating ‘Buy’; A robust performance by company – The Financial Express
Clipped from: https://www.financialexpress.com/market/cipla-rating-buy-a-robust-performance-by-company/2188959/ FY21-23e EPS up 8-12%; upgraded to ‘Buy’ rating with revised TP of Rs 1,030 Revenues of Rs 51.7 bn (+18.3% y-o-y; +2.6% q-o-q)
Jubilant FoodWorks: Analysts remain bullish on Jubilant Food on strong Q3 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/analysts-remain-bullish-on-jubilant-food-on-strong-q3/articleshow/80694679.cms SynopsisAccording to Motilal Oswal Financial Services, Jubilant has been the biggest success story in the Indian quick-service restaurant industry, driving growth with its
Mahindra & Mahindra Q3 net profit up 42% at Rs 1,268 cr; revenue grows 11% | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mahindra-mahindra-q3-net-profit-up-42-at-rs-1-268-cr-revenue-grows-11-121020500656_1.html The company’s reported Ebitda came in at Rs 3,520.4 crore for the quarter under review Mahindra & Mahindra, on Friday, reported consolidated net
Consequences of delaying the Future-Reliance deal will be “far greater”, says Future Retail – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/consequences-of-delaying-the-future-reliance-deal-will-be-far-greater-says-future-retail/articleshow/80690315.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The court was hearing Future Retail’s plea against its single judge order directing the company to maintain status quo on its Rs 24,713
SBI will unlock value from general insurance and mutual fund biz: Dinesh Kumar Khara – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/sbi-will-unlock-value-from-general-insurance-and-mutual-fund-biz-dinesh-kumar-khara/articleshow/80690566.cmsSECTIONSSBI will unlock value from general insurance and mutual fund biz: Dinesh Kumar KharaLast Updated: Feb 04, 2021, 07:30 PM ISTSynopsis “Once we have
Arvind Fashions has seen a structural shift in demand to online: Kulin Lalbhai – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/arvind-fashions-has-seen-a-structural-shift-in-demand-to-online-kulin-lalbhai/articleshow/80688932.cmsSECTIONSArvind Fashions has seen a structural shift in demand to online: Kulin LalbhaiLast Updated: Feb 04, 2021, 05:39 PM ISTSynopsis Online is already showing
SBI asset quality surprises on positive side – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/sbi-asset-quality-surprises-on-positive-side/articleshow/80689573.cmsSECTIONSQ3 result: SBI asset quality surprises on positive sideLast Updated: Feb 04, 2021, 06:10 PM IST SBI will unlock value from general insurance and
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