The paint major’s consolidated net profit tumbled 24.54% to Rs 1,169.98 crore in Q1 FY25 as against Rs 1,550.37 crore reported in Q1 FY24.
Posts in category Business Standard
TV18 Broadcast reports dismal Q1 numbers (17-07-2024)
The media company reported a consolidated net loss of Rs 50.09 crore in Q1 FY25 as against a net profit of Rs 44.33 crore reported in Q1 FY24.
Nikkei Ends Lower By 0.43% (17-07-2024)
Also, the IMF lowered Japan’s 2024 growth outlook, citing temporary auto output disruptions and weak private investment in the first quarter.
China Shanghai Composite Index Drops 0.45% (17-07-2024)
China’s Shanghai Composite index dropped 0.45 percent to 2,962.86 as investors awaited the outcome of the ruling Communist Party’s third plenum.
Board of M M Forgings approves allotment of 2.41 cr bonus equity shares (17-07-2024)
At meeting held on 17 July 2024
Radico Khaitan launches Sangam World Malt Whisky in India (17-07-2024)
Rampur Distillery’s Sangam World Malt Whisky has swiftly risen to prominence, clinching a gold medal at the John Barleycorn Awards and at the Beverage Tasting Institute, BTI Luxury Spirits Award 2023, both hosted in the United States of America.
Zydus enters into non-exclusive patent licensing agreement with Takeda (17-07-2024)
For marketing Vault in India
Zee Ent board OKs to raise FCCBs via private placement; floor price at Rs 152.45/- (17-07-2024)
Zee Entertainment Enterprises said that its board has approved to raise Rs 1,997 crore by issuing foreign currency convertible bonds (FCCBs) to 3 investors on private placement basis.
‘Sebi proposal on new asset class for high risk takers looks promising’ (17-07-2024)
Capital markets regulator Sebi’s proposal for introducing a new asset class for high-risk profile investors can help them gain access to a newer set of strategies including long-short equity fund and inverse Exchange-traded Fund (ETF).
The new asset class is aimed at bridging the gap between mutual funds and Portfolio Management Services (PMS) in terms of flexibility in portfolio construction.
The Sebi’s consultation paper floated on Tuesday on ‘new asset class’ and creating a structure for differentiated, higher risk strategies looks very promising, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund said.
“India is finally opening up to different investment products, styles and approaches. Passive, factor, inverse ETFs, alts and more. There is no single way to invest,” she added.
In its consultation paper, the regulator said the new asset class will provide a regulated product with features like SIP (Systematic Investment Plan), higher risk-taking capability, and a higher ticket .
Alok Inds Q1 net loss narrows to Rs 207 cr in Q1 (17-07-2024)
The textile producer’s consolidated net loss narrowed to Rs 206.87 crore in Q1 FY25 as against a net loss of Rs 226.14 crore reported in Q1 FY24.