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Mint Kolkata

Price hikes helped Britannia's Q3 profit

Indian biscuit maker Britannia Industries beat third-quarter profit estimates on Thursday, as price hikes helped it counter the impact of a rise in commodity prices.

1 min  |

February 07, 2024

Mint Kolkata

B'desh lodges protest with India over Sheikh Hasina's activities

Bangladesh on Thursday lodged a protest with India's acting envoy saying that \"false and fabricated comments\" by deposed prime minister Sheikh Hasina are a \"hostile act\" against Dhaka, a day after she delivered a virtual address to her supporters from exile in India.

1 min  |

February 07, 2024

Mint Kolkata

Price hikes, sales trigger best quarter in a year for FMCG cos

Volumes up 7.1% in quarter on smaller packs, lower grammage, price hikes: NielsenIQ

2 min  |

February 07, 2024

Mint Kolkata

Will the Union Budget Proposals Help Revive the Rural Economy?

It offers benefits to the well-off instead of the farm sector that needed investment to overcome a crisis

3 min  |

February 07, 2024

Mint Kolkata

Trent Q3 profit rises 34% to ₹497 crore

Tata group retail firm Trent Ltd on Thursday reported a 34% increase in consolidated net profit to ₹496.54 crore in the December quarter, helped by the expansion of the store network and increase in attractive value propositions.

1 min  |

February 07, 2024

Mint Kolkata

India Can Be a Wind Turbine Hub for World: Suzlon's Girish Tanti

India has the potential to become the manufacturing hub of wind power components such as turbines to cater to global demand, and policy initiatives along the lines of production-linked incentives (PLI) would go a long way in unlocking that potential, said Girish Tanti, vice chairman of Suzlon Energy Ltd.

1 min  |

February 07, 2024

Mint Kolkata

NMDC Q3 profit up 29% to ₹1,897 crore

State-owned NMDC on Thursday reported a 29% rise in consolidated net profit to ₹1,896.66 crore in the October-December quarter of 2024-25, mainly driven by higher income.

1 min  |

February 07, 2024

Mint Kolkata

Why tax relief hasn't spurred a strong rally yet

Investors are betting on India's consumption revival, focusing on the consumer discretionary sector

3 min  |

February 07, 2024

Mint Kolkata

Lotte to invest $300 mn in India

South Korean multinational Lotte will expand its products beyond ice cream and choco pie as it plans to enter the snack segment riding on the popularity of K-food and K-pop in India, said a top company official on Thursday.

1 min  |

February 07, 2024

Mint Kolkata

Millions of drones to be deployed in plan to spray fertilizers

The government is working on a plan to make 10 drones available to each of India's 660,000 villages for spraying fertilizers, two people aware of the matter said.

1 min  |

February 07, 2024

Mint Kolkata

Akasa raises funds from Premji, Ranjan Pai family offices

Dube said the fresh funding should help the carrier become one of the top 30 global airlines by the end of 2030

1 min  |

February 07, 2024

Mint Kolkata

How SEBI Tracked Down an Insider Trader

A former Wipro executive allegedly profited from insider information when Infosys announced its largest deal

7 min  |

February 07, 2024

Mint Kolkata

Govt hitches health mission funding to quality care centres

The Centre has made the National Health Mission's (NHM's) ₹37,226.92-crore funding for states and Union territories conditional on their government facilities getting the necessary quality certification.

1 min  |

February 07, 2024

Mint Kolkata

The Met deepens embrace of India's contemporary art

The Metropolitan Museum of Art renewed a five-year agreement with India's ministry of culture in 2023

2 min  |

February 07, 2024

Mint Kolkata

Hero Beats Profit View on Motorcycle Sales

Hero's scooter and motorcycle sales grew 0.3% in the quarter—the weakest growth since July-Sep 2022 period

1 min  |

February 07, 2024

Mint Kolkata

Russia indicates talks with U.S. over Ukraine are intensifying

US President Trump has repeatedly promised to clinch a deal between Putin and Zelensky

2 min  |

February 07, 2024

Mint Kolkata

Instamart still far behind Blinkit

Swiggy Ltd's food-delivery business saw a sequential rise in its average monthly transacting users to 14.9 million in Q3FY25 from 14.7 million.

2 min  |

February 07, 2024

Mint Kolkata

Rupee plunges to 87.57 against dollar

Rupee plunged 14 paise to close at an all-time low of 87.57 (provisional) against the US dollar on Thursday, as rising odds of a rate cut by the Reserve Bank of India in its monetary policy meeting on Friday pressurized the rupee.

1 min  |

February 07, 2024

Mint Kolkata

Page growth slips back to single digit but margin is stellar

Good and bad Page's revenue growth weakened in Q3FY25, but margin was at a multi-quarter high.

1 min  |

February 07, 2024

Mint Kolkata

India engaging US to ensure deportees are not mistreated

A US military plane carrying 104 deportees landed on Wednesday in Amritsar

1 min  |

February 07, 2024

Mint Kolkata

Nestlé Not Brewing Enough Growth as Costs, Demand Pinch

Pain point Nestlé India's gross margin dropped in Q3FY25 due to steep inflationary pressures.

1 min  |

February 06, 2025

Mint Kolkata

Arvind Fashions Q3 profit surges 71%

Arvind Fashions, which retails clothing from premium brands such as Calvin Klein and Tommy Hilfiger, reported a 71% jump in third-quarter profit on Wednesday, on robust demand for high-end clothing in the festive period.

1 min  |

February 06, 2025

Mint Kolkata

Apex drug adviser's term expired in October. Government didn't know.

India's highest decision-making body on technical matters related to medicines ceased to exist in October after its three-year term came to an end, bringing all drug-related policy activity to a halt.

2 min  |

February 06, 2025

Mint Kolkata

India accuses Kia of evading taxes

India has accused South Korea's Kia of evading taxes of $155 million by misclassifying component imports, but the carmaker has denied wrongdoing.

1 min  |

February 06, 2025

Mint Kolkata

Liquidity Support Is Priority; Rate Cut A Close Call

The MPC's action and commentary in this meeting will serve as a reference point

3 min  |

February 06, 2025

Mint Kolkata

Metropolis to focus on micro markets: CEO

The company is actively looking at acquisitions, with a focus on North India, to expand its presence across markets

1 min  |

February 06, 2025

Mint Kolkata

SBI aims to raise ₹5k cr via bonds

The State Bank of India is looking to raise around ₹5,000 crore ($573.38 million) via Basel III-compliant additional Tier-I perpetual bonds before the end of February, three people aware of the matter said Wednesday.

1 min  |

February 06, 2025

Mint Kolkata

Service growth slows to more than two-year low in January

Tepid expansion

1 min  |

February 06, 2025

Mint Kolkata

Reforms Key for Carbon Credit Trading

Target-based incentives will breathe life into the carbon credit market in India, said Praveer Sinha, MD and CEO, Tata Power

2 min  |

February 06, 2025

Mint Kolkata

Ukraine Open to Trump's Idea to Exchange Aid for Rare Earths—But There's a Catch

President Trump has indicated he is open to supplying Ukraine with more weapons in exchange for access to the country's mineral resources.

3 min  |

February 06, 2025