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Increase in input costs expected to have put pressure on margins in the quarter

The tyre makers consolidated net profit slipped 29% to Rs 119.46 crore despite of a 36.14% rise in net sales to Rs 5,695.93 crore in Q1 FY23 over Q1 FY22.

Sales rise 21.67% to Rs 32.96 crore

The housing finance major has hiked its Retail Prime Lending Rate (RPLR) on housing loans by 25 basis points, with effect from 9 August 2022.

At meeting held on 09 August 2022

On consolidated basis, Power Grid Corporation of Indias net profit tumbled 36.6% to Rs 3,801.19 crore in Q1 FY23 as against Rs 5,998.28 crore recorded in Q1 FY22.

Sales rise 24.87% to Rs 169.98 crore

Business Wire India Kennect, a Delaware and Mumbai-based Software-as-a-Service sales acceleration start-up, has raised $700k in seed funding led by FortyTwo VC. FortyTwo VC is a Dallas, Texas-based venture fund with an investment focus on disruptive enterprise tech opportunities.   Kennect’s no-code platform allows enterprises to design, simulate and automate their incentive plans. The startup aims to become the preferred and most flexible, intuitive, user-friendly solution […]

On 09 August 2022

WTI Crude oil futures are consolidating around $90 per barrel mark as a modest pullback from six month low is failing to hold on. Selling pressure continued to cap advances for the commodity and the WTI Crude oil futures are currently trading at $89.99 per barrel, down 0.85% on the day. MCX Crude oil futures will likely see a modest start following this after a […]