The project, which will be completed in two years, would help the company make an internal rate of return of around 15-16 percent.
Higher minimum support price will help stabilise margins despite a large surplus, says Shree Renuka Sugars’ Narendra Murkumbi.
A double-digit earnings improvement could still be seen for the broader market, says JM Financial.
The board of Jet Airways has agreed to give lenders a majority stake as part of a provisional resolution plan.
Rising costs continue to hurt Jet Airways.
Concor is confident of achieving its 12 percent volume growth guidance for the ongoing financial year.
Jindal Steel and Power Ltd. sees demand rising from January-end thanks to easing liquidity and forex support.
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The drug maker is also working on bringing down its working capital.
Narayanan noted that Sun TV is banking on digitalisation and the age of smartphones to drive growth in the coming quarters.
The hospital chain opened close to 14 new hospitals in the last four years.
The airline reported a net profit of Rs 55 crore in the three-month period.
Blue Star Ltd. expects hot summers to boost its sales.
Britannia expects higher spending capability to drive consumption growth during the election year.
Grasim Industries’ Q3 net profit rose 28 percent year-on-year to Rs 608 crore.
Net profit dropped 17 percent to Rs 332 crore year-on-year, missing the Rs 371-crore estimate.
V-Mart Retail will expand operations in tier-4 cities, its Chief Financial Officer Anand Agarwal said.
The revenue growth was largely driven by products business that grew at about 55 percent on a yearly basis, said Sandeep Sikka.
Net profit slipped 14.4 percent in the three month period to Rs 1,681.23 crore quarter-on-quarter.
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India is in a very difficult period in terms of analysing inflation, said HSBC’s Pranjul Bhandari.