By Nayan Dave In the wake of increasing international crude prices, sales at Reliance Industries’ (RIL) over 160 fuel outlets across Gujarat are facing supply problems for petrol and diesel. In fact, some of the pumps have been forced to halt sales temporarily in the state. One of the dealers of RIL in Ahmedabad, on […]
While net profits for lenders may have seen a big jump in FY22, the growth in operating profits or pre-provisioning profits (PPP) was modest. The bottom line was driven up by a big drop in provisions, data collated from Capitaline show. Total advances went up smartly over the previous year – the increase was 16.7% […]
Future Consumer, a part of the beleaguered Future Group, on Monday said it defaulted on payment of principal and interest amount of Rs 6.4 crore due on unlisted debt securities. The type of instruments included secured, redeemable and non-convertible debentures, and May 15 was the date of the default, the company said in a regulatory […]
A right royal knees-up might be occurring at the palace, but four in ten of Britain’s workers won’t be off work on the Queen’s platinum jubilee bank holiday. According to a recent survey 18% confessed they will miss out completely while one in ten are planning on taking it another day. And a further 11% […]
The UK’s biggest business membership organisation, the Federation of Small Businesses (FSB), has launched a flagship new digital resources hub to support and encourage LGBT+ entrepreneurship, and promote inclusivity in workplaces. FSB’s ‘Let’s Grow Business Together’ initiative has been backed by the government’s Equalities Minister, Mike Freer MP. It is also backed by prominent LGBT+ […]
Home improvement business Screwfix is to create 800 retail jobs by January as part of plans to open 80 new shops across the UK and Ireland. The retailer’s sales were boosted during the pandemic as locked-down Britons hired tradespeople to spruce up their properties and gardens. Screwfix and B&Q owner Kingfisher enjoyed profits of more […]
Greggs has said it has a “good” start to 2022 after launching 49 new shops in the first 19 weeks of the year. The sausage roll seller said its sales had increased 27.4 per cent compared to the same time last, from £378m in the first 19 weeks of 2021 to £495m this year. The […]
Lifestyle brand Made.com lowered its expectations for the rest of 2022, with both gross sales and revenue expected to drop 15 per cent and seven per cent respectively. These projected figures differ from the initial zero per cent and eight per cent expected in sales and revenue this year. Although MADE’s performance has remained strong […]
Vodafone Idea (VI) delivered in-line Q4FY22 results with 5.4% q-o-q revenue growth led by a 7.5% spurt in ARPU and 3.4mn erosion in subscriber base (versus 5.8mn decline in Q3FY22). While VI’s operating performance is stable, the fundamental issue of high financial leverage can be addressed only by a significant tariff hike and equity infusion. […]
As insurance regulator Irdai has allowed the general insurance companies to design new and customised products for dwellings, micro and small enterprises for fire and allied perils, this new guideline will provide policyholders more options to select products. And, competition among the insurers on product features is expected to bring innovation to the industry. The […]