Premium A DMart store in Mumbai. (Photo: Bloomberg) Discount retailer DMart (Avenue Supermarts) hit its highest levels in a year and a half last week and is up over 11 per cent in the last one month. The company depends on low operating costs to offer the lowest prices to consumers, which enables… Continue reading Slowdown in growth trends, valuations near term hurdles for Dmart | Stock Market Today
Tag: Growth
Will end FY24 with growth rate of over 30%: CEO Shriram Life Insurance | Company News
Premium Casparus J H Kromhout, CEO Sriram life Insurance Shriram Life Insurance Company, a joint venture between Shriram Group and South Africa-based Sanlam Ltd., has set a target of increasing its rural penetration by 50 per cent in the next three years. Casparus JH Kromhout, managing director and chief executive officer, talks to Shine… Continue reading Will end FY24 with growth rate of over 30%: CEO Shriram Life Insurance | Company News
Maruti India’s gearshift to growth: Turbocharging the product portfolio | Stock Market Today
The stock of the country’s largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. … Continue reading Maruti India’s gearshift to growth: Turbocharging the product portfolio | Stock Market Today
Vedanta lines up $6 billion across businesses to drive revenue growth | Company News
As part of the vertical split of Vedanta Ltd, shareholders will get 1 share of each of the five newly listed companies for every 1 share of Vedanta (Photo: Bloomberg) Mining conglomerate Vedanta Ltd will invest $6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas… Continue reading Vedanta lines up $6 billion across businesses to drive revenue growth | Company News
India Inc profit surges 65% but shows lopsided growth
Premium Illustration: Ajay Mohanty There has been a sharp recovery in the headline corporate earnings in the April-June 2023 quarter (Q1FY24), after a dismal showing by early bird companies. The combined net profit of the 983 listed companies that have declared their quarterly results, so far, was up 64.7 per cent year-on-year to record… Continue reading India Inc profit surges 65% but shows lopsided growth
Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data
Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year basis in the first three months of the current fiscal, according to Reserve Bank data. Players in the MSME sector, the backbone of domestic industry and largest employer, said risk averseness makes banks reluctant to provide loans to… Continue reading Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data
MSME influencers forum launched to promote small & medium units growth
An MSME influencer forum has been launched to promote micro, small and medium enterprises and raise awareness about various government schemes to boost their growth, a statement said on Saturday. Inaugurating the forum virtually, Union Minister Narayan Rane said that such initiatives will bring great thrust to motivate MSMEs and build them towards… Continue reading MSME influencers forum launched to promote small & medium units growth
Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income
Public sector lender Bank of Baroda’s net profit rose by 87.7 per cent on a year-on-year (YoY) basis at Rs 4,070 crore in quarter ended June 2023 (Q1FY24) on robust growth in net interest income as well as non-interest income. Sequentially, the public sector lender’s profit went down from Rs 4,775 crore in… Continue reading Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income
Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio
Honeywell on Friday announced that Anant Maheshwari would take over as the president and CEO of Honeywell’s High Growth Region portfolio effective September 4, 2023. Maheshwari was the president of Microsoft India. He will succeed Ben Driggs, who will be taking another leadership role in the company. Maheshwari will be a corporate… Continue reading Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio
Microsoft’s Anant Maheshwari joins Honeywell’s High Growth Regions division
The former Microsoft India head, Anant Maheshwari has been appointed president and chief executive officer (CEO) of Honeywell’s High Growth Regions division according to a release shared by the company. In this new role, Maheshwari will drive strategic growth initiatives across key markets including China, India, Southeast Asia, Middle East, Central Asia, Africa,… Continue reading Microsoft’s Anant Maheshwari joins Honeywell’s High Growth Regions division