Sales decline 2.63% to Rs 150.34 crore
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David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.
States Revive Lawsuit to Sharply Curb Access to Abortion Pill (21-10-2024)
The Supreme Court ruled in June that the original plaintiffs, anti-abortion doctors and groups, did not have standing to sue. Now three states are trying to continue the legal fight.
Why Chinese Are Rushing Into a ‘Casino’ Stock Market (21-10-2024)
Steps to bolster the economy have set off a stock buying frenzy. Our columnist spoke to Chinese investors about why they are jumping in knowing the risks.
A Cheapskate in New York City: How to Visit on a Budget (21-10-2024)
Pop-up art, cheap theater tickets, Chinese food and a well-situated, if noisy, hotel: How to see Manhattan (and a bit of Brooklyn) on a budget.
Volumes spurt at Tejas Networks Ltd counter (21-10-2024)
Tejas Networks Ltd notched up volume of 113.74 lakh shares by 14:14 IST on NSE, a 20.03 fold spurt over two-week average daily volume of 5.68 lakh shares
MRPL stock slumps 5% after co disappoints investors with weak Q2 show (21-10-2024)
Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) dipped as much as 5.52 per cent at Rs 156.45 per share on the BSE in Monday’s intraday trade
Tata Consumer Products Limited (TATACONSUM) (21-10-2024)
Tata Consumer shares slumped following the release of its Q2 results
- The India Beverages segment reported a 3% decline in revenue and a 4% drop in volumes, driven by softer market demand, impacting overall performance.
- The ready-to-drink business, although fast-growing, faced challenges from competitive pricing pressures and unfavorable weather conditions.
- Growth businesses posted a 15% rise, while the tea business struggled due to subdued category trends.
- Group net profit rose 1% year-on-year (Y-o-Y) to Rs 367 crore.
- EBITDA stood at Rs 629 crore with margins contracting by 30 bps to 14.9%.
- Revenue grew 13% Y-o-Y to Rs 4,214 crore, boosted by acquisitions of Organic India and Capital Foods (excluding these, growth was 5%).
- Coffee business posted 29% revenue growth, while the India foods segment grew 28% (9% without Capital Foods).
- Strong performance from Tata Sampann (26% growth) and record volumes in rock salt.
- Tata Starbucks became India’s largest café operator with 457 stores.
- E-commerce grew by 51%, and modern trade by 17%.
- International revenue increased by 7%, with improved profitability in the UK.
Kashmir terror attack: Must work towards improving situation in J-K, says deputy CM (21-10-2024)
Jammu and Kashmir Deputy Chief Minister Surinder Kumar Choudhary condemned the terror attack in Ganderbal that resulted in seven fatalities and emphasized the need for improvement. The government vowed strict action against the attackers. The attack targeted a tunnel construction site, echoing similar pre-election incidents.