Nestle's domestic sales increased by 8.86 per cent to Rs 4,421.79 crore, driven by pricing and mix growth, particularly notable in e-commerce and out-of-home channels.
The issue has a primary share sale of Rs 462 crore at the upper end of the price band, with the remaining Rs 108 crore as an offer for sale.
Britannia posted a net profit of Rs 932.40 crore in the same quarter a year ago. The company's net sales during the quarter rose by 2.2 per cent to Rs 4,191.83 crore.
The deal to extend LNG imports from Qatar will be signed between Petronet LNG Ltd and QatarEnergy during India Energy Week in Betul, Goa.
The stock climbed 3.78 per cent to Rs 1,155.95 on the BSE and by 3.82 per cent to Rs 1,156.10 on the NSE.
The development comes amid speculations over the company’s operations following Reserve Bank of India’s action against its associate Paytm Payments Bank. The Payments bank was asked to stop key operations from March 1 due to non-compliance.
The central bank's directive restricts Paytm Payments Bank from accepting deposits or top-ups after February 29.
Byju's founders and family members had pledged their house to pay employee salaries as the company continues to face a liquidity crunch.
Finance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
The RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.
The notice sent to shareholders outlines the resolutions proposed for the EGM and highlights the need to resolve governance and financial issues and shift control away from the founders.
Banks across several states will remain closed for 11 days this month. Scroll down to check bank holidays in the month of Februray 2024.
The core sector growth posted a figure of 7.8 per cent in November 2023, which was later revised to 7.9 percent by the commerce ministry on January 31.
Union Budget 2024: The Economic Survey is an annual report analysing the performance of the economy over the past year and offering insights into its prospects.
The alleged hacker has denied involvement in a breach, claiming to have obtained the data through undisclosed asset work within law enforcement channels, according to CloudSEK.
Union Budget 2024: Finance Minister Nirmala Sitharaman is set to announce her sixth budget on February 1, which will be an interim budget or a vote-on-account.
The luxury car segment currently has a GST slab of 28 per cent, with additional cess on sedans and SUVs, resulting in a total tax incidence of up to 50 per cent.
Justice Linda Chan's ruling is expected to have significant consequences for China's financial markets, which are currently dealing with the repercussions of Evergrande's debt crisis.
Total net income of Yes Bank rose by 5.80 per cent to Rs 3,211 crore, compared to Rs 3,036 crore in the same period the previous year.
Business news: Forex reserves or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.
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