SUNAINA

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), paid its first-ever dividend of Rs 44.43 crore to CIL on August 4. This follows BCCL’s achievement of clearing accumulated losses and reporting a net profit of Rs 1,564 crore for FY 2023-24, with a turnover of Rs 13,216 crore. The dividend payment … Read more

JSW Steel has notified its decision to surrender the Jajang iron ore block lease in Odisha, citing “uneconomic operation.” The lease, acquired through an auction in 2020, is one of four mining leases the company holds. The notice was submitted on August 3 and is pending necessary approvals. This move reflects JSW Steel’s response to … Read more

Maruti Suzuki India, led by Chairman RC Bhargava, is awaiting a policy framework to boost eco-friendly technologies. The company plans to diversify beyond electric vehicles, considering hybrids, CNG, and biogas to reduce carbon emissions and dependence on imported fuel. Maruti Suzuki will introduce electric cars soon, depending on infrastructure and cost improvements. The company remains … Read more

Last week, eight of the top-10 most valued firms lost Rs 1,28,913.5 crore in market valuation, led by Tata Consultancy Services (TCS) and Infosys. TCS saw its valuation drop by Rs 37,971.83 crore, while Infosys lost Rs 23,811.88 crore. ITC, SBI, Reliance, Bharti Airtel, ICICI Bank, and Hindustan Unilever also experienced declines. HDFC Bank and … Read more

Zomato collected Rs 83 crore from its platform fee, introduced last August, as revealed in its annual report. The platform fee helped drive a 27% increase in Adjusted Revenue, reaching Rs 7,792 crore in FY24. The fee, initially Rs 2 per order and now Rs 6 in key markets, is one of the main factors … Read more

Amara Raja Energy & Mobility (ARE&M) announced a 26% rise in consolidated net profit to Rs 249.12 crore for Q1 FY25, up from Rs 198.31 crore a year earlier. Revenue grew to Rs 3,263.05 crore from Rs 2,796.27 crore, driven by strong performance in automotive after-market, OEMs, and exports. The company highlights growth in international … Read more

India’s outbound tourism spending is forecast to grow from USD 18.82 billion in 2024 to USD 55.39 billion by 2034, driven by rising disposable incomes and a growing middle class. Packaged tours dominate with a 39.20% market share in 2024. Factors like availability of Indian food abroad and interest in niche destinations like Egypt and … Read more

In FY24, Emami generated 45% of its revenue from acquired brands, with non-seasonal brands contributing 56% of its top-line. The company, transitioning from a seasonal and rural-focused entity to a “perennial and universal” brand, is embracing a consumer-centric strategy. Emami’s revenue from modern trade and e-commerce has risen from 5% to 22% over five years. … Read more

The Reserve Bank of India (RBI) is likely to keep the key interest rate unchanged at 6.5% in its upcoming meeting from August 6 to 8, 2024. This decision aligns with recent trends, as the rate has been held steady since February 2023. Despite the US Federal Reserve’s pause on interest rate changes and ongoing … Read more

Berkshire Hathaway, led by Warren Buffett, increased its cash reserves to nearly $277 billion by June 30, 2024, reflecting a cautious stance on the stock market. The company sold about half of its Apple stake, reducing holdings to around 400 million shares valued at $84.2 billion. This move comes as Berkshire reported a record quarterly … Read more