As summer approaches with forecasts of unusually high temperatures, Orient Electric, a CK Birla Group company, is poised for significant revenue growth in FY24, driven by strong performance in its fans and coolers segments. Rakesh Khanna, MD & CEO of Orient Electric, shared his optimistic outlook, citing increased demand due to the anticipated heat.
Khanna noted that the company expects a…
The Aditya Birla Group has officially entered the Indian jewellery market with the launch of its new brand, Indriya. Chairman Kumar Mangalam Birla introduced the venture on Friday, July 26, in New Delhi, unveiling the Group’s ambitious plan to become one of the top three jewellery retailers in India within the next five years. This initiative is supported by a substantial investment of ₹5,000…
In an article by Anees Hussain dated July 25, 2024, titled “Esop sale: No tax worries for startup employees,” it was emphasized that recent changes in taxation laws related to share buybacks announced in the Union Budget will not significantly impact startup employees. The amendment, effective from October 1, treats share buybacks akin to dividend income, shifting the tax liability to…
Coca-Cola exceeded earnings expectations for the second quarter and has raised its full-year outlook amid robust global demand for its beverages.
The company now anticipates organic revenue growth of 9% to 10% for 2024, up from a previous forecast of 8% to 9%. Additionally, Coca-Cola has adjusted its comparable earnings growth projection to a range of 5% to 6%, compared to the earlier forecast of…
Entrepreneur and philanthropist Mona Patel from Vadodara, Gujarat, captured the spotlight at the prestigious Met Gala 2024, making a memorable debut that left attendees in awe. Patel, known for her innovative approach to fashion and philanthropy, made a grand entrance at the Gala, styled to perfection by renowned fashion guru Law Roach.
Patel’s gown, a masterpiece crafted for the Gala’s theme…
In a groundbreaking move, WhatsApp is set to introduce a feature allowing users to create unique usernames for their profiles, akin to popular social media platforms like Instagram. Initially rolling out on WhatsApp web, this feature aims to redefine how users connect and communicate online.
The current WhatsApp setup primarily relies on phone numbers for identification and communication. However…
In the glittering world of Indian fashion, Anita Dongre stands out not only for her exquisite designs but also for her remarkable journey from humble beginnings to becoming India’s wealthiest female fashion designer. Starting with just two sewing machines and a dream, Anita has built a fashion empire that spans over 270 boutiques across the country, earning her a fortune in the hundreds of…
In a strategic move to bolster its quick commerce capabilities, Amazon is reportedly in talks with Swiggy to acquire its Instamart business. Sources familiar with the matter revealed to the Economic Times that Amazon has expressed keen interest in either acquiring a stake in Swiggy’s pre-IPO placement or pursuing a buyout of Instamart. However, no formal offer has been tabled yet, and…
Reliance Industries Limited (RIL), India’s largest conglomerate, is set to witness a potential upside of up to 22% in its stock price, driven by optimistic forecasts following its recent Q1 results and strategic initiatives in new energy ventures.
Key Highlights of RIL’s Growth Potential
RIL’s robust performance in the June quarter has fueled bullish sentiments among analysts, who anticipate…
Airbus, the French aircraft manufacturer, is in the final stages of assessing eight potential sites for establishing its H125 helicopter final assembly line in India, with plans to announce the selected location soon, according to a report by PTI on Sunday, July 21.
Olivier Michalon, Executive Vice President of Global Business at Airbus Helicopters, indicated that the new facility will become the…
