Tanya Krishna is an Assistant Editor for Financial Express, a leading financial newspaper in India. With a focus on national news, Tanya covers a wide range of topics including corporate earnings, financial results, and industry updates. Her articles provide valuable insights into the financial performance of various companies and their impact on the Indian economy.
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India (National)
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The consumer goods companies posted weak performance during the July-September quarter of FY24.
Honasa Consumer Ltd recorded revenue from operations for the quarter ended September 2023 at Rs 496.10 crore, up 20.9 per cent as against Rs 410.49 crore during the corresponding quarter of FY23.
By: Tanya Krishna
On a standalone basis, Jagatjit Industries reported a profit of Rs 4.25 crore during the second quarter of FY24, up 272.8 per cent in comparison to Rs 1.14 crore during the corresponding quarter of FY23.
The report by Elara Securities said that the election season is leading to order inflow momentum for large projects especially in capital goods, railways as well as the roads sectors.
The average room rates (ARRs) shot up significantly, being in the range of 120-150 per cent depending on whether it was in the earlier part or later part of the tournament, to even 500 per cent for some hotels, said experts and industry leaders.
The cement industry in India is looking at price correction with the all-India average retail price declining by Rs 5 per 50 kg to Rs 391.
Economists expect the Indian economy to hold up well in Q2FY24 with GDP growth print in the range of 6.8- 7 per cent during the July-September quarter. The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation will release the GDP numbers on November 30.
The real estate landscape of Asia-Pacific is expected to showcase optimistic performance in 2024, with a projected growth of 43.7 per cent in
CRISIL Ratings said that Assets under Management (AUM) of non-banking financial companies (NBFCs) are set to log a healthy 14-17 per cent growth next fiscal on the back of continued strong credit demand across retail loan segments.
A total of $150.8 billion was inherited by 53 heirs over the last year, exceeding the 84 new self-made billionaires' total of $140.7 billion, said the ninth edition of UBS Billionaire Ambitions Report 2023 by Swiss bank UBS.
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