Gaurav Bansal

[ad_1] Mumbai: India alongside China and Brazil drove volume growth for American beverage giant Coca-Cola in the March quarter even as the company had to contend with a weakening consumer sentiment in developed markets like the US which weighed on its share of volume gains in the regions.The firm’s consolidated volume grew 2% during the quarter. Asia Pacific recorded a 6% volume growth led by India while volumes declined by 3% in North America. Coca-Cola reports unit case volume which factors in the total number of unit cases of beverages sold by the company and its bottling partners.“We saw a good momentum in Asia Pacific driven by a good quarter in India in particular. We saw a strong volume growth across our portfolio in India and increased household penetration,” said James Quincey, chairman and CEO at The Coca-Cola Company during […]

[ad_1] Tata Group’s retail arm, Trent Ltd, on Tuesday reported a sharp 56.24% drop in its consolidated net profit for the quarter ended March 31, 2025, despite a healthy jump in revenue. The company posted a net profit of Rs 311.60 crore in Q4 FY25, down from Rs 712.09 crore in the same quarter last year, according to the regulatory filing.The retail giant, which operates brands like Westside, Zudio and Star, saw its consolidated revenue from operations rise by 27.87% year-on-year to Rs 4,216.94 crore in the March quarter, up from R3,297.70 crore in Q4 FY24.Trent’s total expenses increased by 26% in the March quarter to Rs 3,874.43 crore.Including other income, the company’s total consolidated income stood at Rs 4,291.28 crore, registering a 27.16% rise over the same period last year.For the full financial year 2024-25, Trent posted a modest […]

[ad_1] British pharmaceutical giant AstraZeneca announced Tuesday that it has begun moving some of its European production to the United States, ahead of President Donald Trump's possible tariffs on the sector."Our company is firmly committed to investing and growing in the US," chief executive Pascal Soriot said in an earnings statement, which also reported that first-quarter profit rose by over 30 percent to $2.92 billion. The United States earlier in April opened the door to potential tariffs targeting pharmaceuticals, which have so far benefited from exemptions to Trump's sweeping levies on imports from trading partners.Trump has also imposed a series of sector-specific levies, slapping tariffs on imports of steel, aluminium and autos, before launching a "national security" investigation into pharmaceutical imports.AstraZeneca could become exposed to US levies on its European-made products but Soriot stressed that the impact would be limited […]

[ad_1] Ambuja Cements, part of the Adani Group, posted its highest-ever annual profit after tax (PAT) of Rs 5,158 crore, marking a 9% year-on-year rise. The cement maker also clocked in a record annual revenue of Rs 35,045 crore for the financial year ended March 31, 2025, up 6% from the previous year.Ambuja's quarterly performance was equally strong. For Q4 FY25, EBITDA rose 10% YoY to Rs 1,868 crore, while EBITDA per tonne reached a record Rs 1,001. Standalone PAT for the quarter jumped 75% to Rs 929 crore. Earnings per share stood at Rs 3.88, with a dividend of Rs 2.00 per share declared.Ambuja Cements crossed the 100 million tonnes per annum capacity mark, cementing its position as the world’s ninth-largest cement producer. The company also reported its highest-ever cement volumes at 65.2 million tonnes, up 10% from last […]

[ad_1] Representative image (Credit: Canva) NEW DELHI: Tearing or damaging a currency note is a common mishap, but to ensure it doesn't lead to financial loss, the Reserve Bank of India (RBI) has laid down clear rules for the exchange of damaged currency.The guidelines are meant to ensure that soiled, mutilated, or even badly deteriorated notes can be replaced based on the level of damage. These guidelines are mandatory for all authorised bank branches.Soiled notesCurrency that is dirty, discoloured, or bears minor tears is classified as soiled. Such notes can be exchanged at any bank branch, with or without holding an account. Banks either replace the notes on the spot or credit the amount to the customer's account.Mutilated notesNotes that are torn, missing portions, or severely damaged but still show essential security features are considered mutilated. These are evaluated under […]

[ad_1] NEW DELHI: In a significant move to enhance user safety and transparency in digital transactions, the National Payments Corporation of India (NPCI) has directed all Unified Payments Interface (UPI) applications to display only the ‘ultimate beneficiary name’, as recorded in the Core Banking System (CBS), during peer-to-peer (P2P) and peer-to-merchant (P2PM) transactions.In a circular dated April 24, 2025, the NPCI issued an addendum to its earlier guidelines, mandating UPI apps to ensure that only the bank-registered name of the recipient is shown on the transaction confirmation screen and in the transaction history.The directive must be fully implemented by June 30, 2025, failing which non-compliance action will follow.According to NPCI, the "ultimate beneficiary" is the person or entity receiving funds for services or goods provided. Going forward, names fetched directly from the Validate Address API – the same used to […]

[ad_1] FPIs invested approximately $4.11 billion in Indian stocks across nine consecutive sessions. (AI image) Foreign investorsmaintained their longest purchasing streak since July 2023 on Monday, driven by optimistic prospects regarding US trade agreements, attractive company valuations, and India's stability amidst global uncertainties.This trend persisted despite tensions between India and Pakistan.Foreign portfolio investors (FPIs) invested approximately $4.11 billion in Indian stocks across nine consecutive sessions, resulting in a 6.6% increase in the benchmark Nifty 50 index during this period.G Chokkalingam, founder and head of research at Equinomics Research told Reuters that international investors are returning to Indian stock markets because India appears less susceptible to global trade conflicts compared to the US and China. He also noted that India is expected to maintain its position as the fastest-growing major economy in fiscal year 2026.FPIs in Indian stock marketsThe stock markets […]

[ad_1] Infosys has established partnerships with NIIT and UpGrad for complimentary upskilling programmes available to trainees who departed since February. (AI image) Infosys has dismissed an additional 195 trainees who did not pass their internal assessment examinations. The number of trainees who have not passed the assessment test since February has now exceeded 800.Sources familiar with the company's activities indicate that amongst the 800-plus affected trainees, approximately 250 have undertaken training through UpGrad and NIIT, whilst about 150 have signed up for outplacement assistance."Further to the announcement of the results of your final assessment attempt, please be informed that you have not met the qualifying criteria in the 'Generic foundation training program' despite the additional preparation time, doubt-clearing sessions, several mock assessments and three attempts," said the email delivered to one trainee.The email continued to explain that trainees would be […]

[ad_1] Mumbai: IndusInd Bank's deputy CEO Arun Khurana has resigned with immediate effect, taking responsibility for a nearly Rs 2,000-crore impact due to derivative tradeaccounting lapses. The bank disclosed Khurana's resignation, who was executive director and deputy CEO, in a filing on Monday. Last month, RBI approved a one-year extension for the bank's MD and CEO, Sumant Kathpalia, as opposed to the three years approved by the board. Khurana's resignation comes a day after the bank informed the stock exchanges that it would hold staff accountable for the hit of close to Rs 2,000 crore that the bank will take. An independent investigation, commissioned in March 2025, confirmed an adverse accounting impact of Rs 1,960 crore as of March 31. The report was submitted on Saturday and taken up by the board, which met for the purpose on April 26-27.In […]

[ad_1] Stock market today (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex went above 80,600, Nifty50 crossed 24,450. At 9:23 AM, BSE Sensex was trading at 80,605.31, up 387 points or 0.48%. Nifty50 was at 24,441.45, up 113 points or 0.46%.Indian equities showed significant gains on Monday, influenced by multiple factors including no fresh developments in India-Pakistan relations, robust corporate performance and positive movement in major stocks like Reliance. Market observers anticipate continued stock-specific movements due to ongoing fourth quarter results announcements.The S&P 500 remained largely stable on Monday during volatile trading, affected by large-cap stocks as investors anticipated crucial economic indicators and results from major US corporations.Asian equities opened cautiously as market participants awaited corporate earnings reports and economic data releases this week to assess the […]