Illustration: Ajay Mohanty Chennai-based India Cements has recorded a net loss of Rs 74 crore for the first quarter of FY24, following a decrease in sales and revenue. The company registered a net profit of Rs 84 crore during the same quarter in FY23. Its revenue from operations for the quarter under review… Continue reading India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
Tag: dip
Indian air carriers’ load factors dip below 90% in July after two months
The average daily load factor of each major Indian air carrier dipped below 90 per cent in July, after two months, according to the data from the Ministry of Civil Aviation, which has been reviewed by Business Standard. Following the suspension of all flights from Go First from 3 May onwards, the passenger traffic… Continue reading Indian air carriers’ load factors dip below 90% in July after two months
Net collections under small savings schemes dip for first time in 11 years
Representative Image (Photo: Pexels) Net collections under small savings schemes such as National Savings Certificate (NSC) and Public Provident Fund (PPF) dipped for the first time in 11 years in the last fiscal year (FY23). Net small savings collections (deposits minus withdrawals by the subscribers) in FY23 stood at Rs 3.04 trillion, witnessing… Continue reading Net collections under small savings schemes dip for first time in 11 years
BP logs 70% dip in second-quarter net profit, raises dividend by 10%
BP’s second-quarter profit slumped 70 per cent from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10 per cent. Rivals Chevron, Exxon Mobil, Shell and TotalEnergies have also reported sharp drops in quarterly earnings,… Continue reading BP logs 70% dip in second-quarter net profit, raises dividend by 10%