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Non-mobile business growth boosts Airtel's Q4

Updated at : 2022-05-18 21:20:02

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The home segment, which contributed 4% to the overall revenue, grew at 45.8% year on year, and 10% quarter on quarter. In its financial report for the quarter ended March 31, the telco reported home service revenues of Rs 876.2 crore.

As predicted by the head of the RBI, the Consumer Price Index-based inflation print for April was indeed elevated – jumping to an eight-year high of 7.79 per cent. As such, the MPC is widely expected to further raise the repo rate from its current level of 4.40 per cent.

​​ These companies, which filed their preliminary IPO papers with Sebi in January and February, obtained observation letter from the regulator during May 9-13, an update with the the capital markets watchdog showed on Tuesday.

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The Dow Jones Industrial Average fell 185.92 points, or 0.57%, at the open to 32,468.67.

“I am looking at growing the food businesses by 15- 20% year on year. The edible oil business shall grow 5-10% which is the secular growth in the segment itself and some of the other categories like oil palm, etc, will have longer term tenure in terms of the growth. In four years’ time, that should take us closer to being a Rs 40,000-50,000 crore business.”

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A rapid revival in demand across categories led to a robust quarterly performance despite the impact of the third wave of the pandemic. The investments in e-commerce and omnichannel expansion have shown results with rising consumer affinity for our brands," said an earning statement from ABFRL.

Aether Industries IPO to open on May 24

Updated at : 2022-05-18 19:20:03

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Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.In addition, there will be an offer for sale of up to 28.2 lakh equity shares by the promoter.

Arvind Ltd Q4 profit up 64 pc at Rs 88 cr

Updated at : 2022-05-18 19:20:03

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manufacturer Arvind Ltd Revenue from operations was at Rs 2,203.50 crore as against Rs 1,654.87 crore in the corresponding period of previous fiscal year.Its fabric and garment volumes remained strong across both domestic as well as export markets, said Arvind in an earning statement

Offshore assets under management with Indian mutual funds have grown from Rs 5.5 lakh crores in 2008 to Rs 38.94 lakh crores (the upper limit being $7 billion) in January 2022.

Decline in future turnover is being replaced by strong traction in options, they said, adding that nonlinear growth in option volume may aid business and earnings growth. On Monday, the scrip rose 5.45 per cent to hit a high of Rs 1,276.90.

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