The company currently sells equal amount of frozen desserts and ice creams that is 50-50 percent, said Rajesh Gandhi, CMD, Vadilal Industries
The decline in telecom operators' revenues due to falling tariff impacts their capacity to invest and this can also lead to delay in spectrum payment, the Rajya Sabha was informed today.
The TTK Prestige stock is down 15.5 percent from pre-demonetisation high of Rs 6,550. Speaking to CNBC-TV18, Chairman TT Jagannathan said the company has actually gained market share in the last two quarters.
In an interaction with PTI, he said if all of the drop in automobile and tractor sales in November and December were to be attributed to junking of 500 and 1,000 rupee notes and not any other seasonal factor, the loss to the industry may be of the order of Rs 8,000 crore or 10 per cent of total revenue.
Trigyn Technologies is gaining in trade on the back of winning a 12-year contract from IT dept of Maryland, US.
Burnpur Cement launched Pozolona Portable Cement from Patratu plant in Jharkhand. In an interview to CNBC-TV18, Ashok Gutgutia, VC & MD of Burnpur Cement spoke on how this will impact capacity utilisation and revenues. He also spoke about the impact of demonetisation.
Government Auditor CAG has found that state-run NTPC shelled out an additional Rs 6,869.95 crore during 2010-16 for procuring domestic coal and missed out on garnering Rs 4,299.80 crore in revenues due to outages at power plants on account of fuel shortage.
With international oil and gas and commodity prices witnessing a decline, engineering firm KEC International is expecting its overseas business to pick and is eyeing nearly 45 per cent of its revenues from this, in fiscal 2017-18.
IT firm Intellect Design Arena today posted a consolidated net loss of Rs 15.56 crore in the October-December quarter compared to a net loss of Rs 11.91 crore in the year-ago period.
Drug firm Torrent Pharmaceuticals today reported a consolidated net profit of Rs 229 crore for the third quarter ended December 31, 2016.
Terming India as its "strongest growth market" in the fourth quarter, Facebook said third-party promotional free data plans in geographies like India were "clearly having an impact in Asia Pacific".
FRANKFURT (Reuters) - Deutsche Bank fell further behind its Wall Street rivals in 2016, lagging their strong rebound in bond trading in the last three months of the year and increasing pressure on CEO John Cryan ahead of an expected strategy update this spring.
In an interview to CNBC-TV18, Ashok Gupta, MD of APL Apollo Tubes spoke about the results and his outlook for the company.
Sanjay Bahl, Group CFO, Raymond is upbeat of topline in fourth quarter to be better than the third quarter which was impacted due to demonetisation. He expects liquidity to ease in the fourth quarter and benefit the tier 2 and tier 3 markets
India's Finance Minister is likely to borrow more than originally planned when he presents the Budget on February 1, senior aides and officials said, despite counting on revenues from a national sales tax whose launch date is still unknown.
Revenue for the company, seen as a benchmark for China's increasingly crucial consumer sector, reached 53.25 billion yuan (USD 7.7 billion) in the quarter, it said in a statement.
Under the accord, the Organization of the Petroleum Exporting Countries and Russia and other non-members of the producer group will curtail oil output by nearly 1.8 million bpd, initially for six months.
Niti Aayog is pushing for kick-starting strategic investment plan this year itself. Companies that do not have specific public purpose can be privatised, said Arvind Panagariya, Vice-Chairman of Niti Aayog.
Amazon India revenues for the fiscal year FY16 doubled to Rs 2275 versus Rs 1022 crore in FY15 but losses too doubled from Rs 1724 crore from the preivous fiscal to Rs 3572.
Demonetisation has led to a 30 per cent drop in revenues for Andhra Pradesh, Finance Minister Yanamala Ramakrishnudu said today but hoped implementation of Goods and Services Tax (GST) might help increase the Government income.
The cash crunch in Chennai has worsened due to the cyclone Vardah, which has caused a massive power and network outage in the city. This has thrown a lot of the progress made in the digital payments space for a loop.
The maintenance, repair and overhaul (MRO) space provides significant growth opportunities, more so because there are not many such facilities in India. While national carrier Air India does all these works within the country, most airlines carry them out overseas -- at a much higher cost.
Forex moves contributed to reduction of other expenses, says KK Singh, CMD of Rolta India.
Bhavdeep Singh, CEO, Fortis Healthcare says Fortis is looking at other payment options like digital wallets and is doing its best to not turn patients away.
Ali Shareef al-Emadi predicted growth of 3.4 per cent in 2017, in line with an International Monetary Fund estimate and up from a projected 3.2 per cent this year.