Asia Tea Alliance plans to expand tea market in Africa to increase global consumption, focusing on sustainability and quality
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Market Trading Guide: BEML among 2 stock recommendations for Friday (07-11-2024)
The domestic market saw deeper cuts, erasing Wednesday’s gains amid disappointing Q2 results and ongoing FII selling. Investors are focused on the upcoming Fed meeting and domestic public spending.
AkzoNobel India Q2 Results: PAT rises 4% to Rs 97 crore; Rs 70 per share dividend announced (07-11-2024)
AkzoNobel India reported a 4% YoY increase in PAT to Rs 97.9 crore and a 3% rise in revenue to Rs 982.3 crore, despite rising raw material costs. The company declared a Rs 70 interim dividend and is exploring strategic options in the Indian market.
SAIL Q2 Results: Profit falls 31% to Rs 897 crore, total income down 16.8% (07-11-2024)
Steel Authority of India Ltd (SAIL) reported a 31% YoY decline in Q2 net profit to Rs 897.15 crore, with total income down 16.8%. Lower performance was due to cheaper imports, price drops, and inventory challenges.
Sunset for once-storied Jet Airways (07-11-2024)
More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline’s liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.
Sunset for once-storied Jet Airways (07-11-2024)
More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline’s liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.