मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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कोशिश गोल्ड - मुक्त

Dabur hopes for festive cheer

Mint Mumbai

|

October 09, 2023

Dabur India Ltd’s shares closed 0.7% lower on Friday, a day when the Nifty 50 index was up 0.5%. The company’s business update for the three months ended September (Q2FY24) indicates that financial results for the quarter may well be forgettable.

- Vineetha Sampath

Dabur hopes for festive cheer

Dabur noted a year-on-year improvement in FMCG consumption for the quarter, but the recovery has been gradual at best. A mild summer weighed on its food & beverage (F&B) business.

This, along with many festivals falling in Q3 this year instead of Q2 means the revenue in this segment is expected to fall slightly from ₹431 crore (excluding Badshah acquisition) seen in Q2FY23. Other verticals—healthcare, and home & personal care (HPC)—are likely to grow in high single digits each. In Q1, these segments saw revenue growth of 10% and 11%, respectively.

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Nelco crosses first step to satcom reselling licence

Tata Group-owned Nelco Ltd has received the government's preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon's Kuiper and Jio Satellite, according to three people in the know.

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WHAT A YEAR AT COLUMBIA TAUGHT ME

An Indian journalist at Columbia University navigated a tumultuous year, learning unusual life lessons

time to read

8 mins

October 02, 2025

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Festive demand, tax cut power up auto sales in Sep

Powered by tax cuts and festive spirits, automobile sales took off in September, cheering manufacturers across the board.

time to read

3 mins

October 02, 2025

Mint Mumbai

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Central bank seen keeping its options open on Tata Sons IPO

A day after the Reserve Bank of India's deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra's comment leaving the matter open to interpretation.

time to read

2 mins

October 02, 2025

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US trade pact close, comprehensive deal to sidestep patents

As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.

time to read

2 mins

October 02, 2025

Mint Mumbai

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RBI unveils plans to bolster credit flow to corporates, capital market

Regulator to remove cap on banks’ market lending to single group, proposes to allow acquisition funding

time to read

2 mins

October 02, 2025

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Cough syrup kills 6 children in MP; govt begins probe

Early reports suggest the syrups may have been tainted with diethylene glycol, a toxic chemical

time to read

1 mins

October 02, 2025

Mint Mumbai

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Prez Trump's proposed changes to visa rules assailed by chip industry

The F-1 student visa serves as a critical pipeline to the tech workforce

time to read

4 mins

October 02, 2025

Mint Mumbai

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Top firms tick boxes, but lag on diversity, independence

India's top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.

time to read

2 mins

October 02, 2025

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RBI rate actions are signals that markets need not always heed

Contrary to widespread belief, monetary transmission is both slower and far-from-linear, globally

time to read

3 mins

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