Corporate profits increased by 15.3% in FY24 due to cost rationalisation despite a sales growth of 5.5%. The services sector outshone manufacturing in both sales and profit growth. Additionally, both sectors reported an increase in operating profits and improved profit…
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Rashmi Saluja, former executive chairperson of Religare Enterprises, was ousted after shareholders voted against her reappointment. Corporate governance issues and disagreements with the largest shareholder, the Burman family, led to her departure. The forced exit of Saluja is a tough…
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The notice issued to LIC demands a total payment of Rs 57,27,99,722, which includes Rs 31.04 crore in GST, Rs 23.13 crore in interest, and Rs 3.10 crore in penalties.
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NESTLE INDIA-PRICES/ (PIX)Nestle India considering price hikes to counter commodity inflation, executive says
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Parle Agro CEO Schauna Chauhan and Rasna Group Chairman Piruz Khambatta expect double-digit growth boosted by the summer and festive seasons. They highlight Madhya Pradesh as a key region for investment and expansion, particularly in dairy products, to meet rising…
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The investment aims to revolutionize sustainable transport in the state, aligning with India’s growing EV industry, which is currently valued at USD 3 billion and expanding at an 18 per cent CAGR.
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