Sri Lankan beverage brand Elephant House has tied up with Reliance Consumer Products, the FMCG arm of Reliance Retail Ventures, to manufacture, market, distribute and sell its beverages across India. Reliance Consumer already has a sizeable beverage portfolio, which includes brands such as Campa, Sosyo and Raskik.

The benchmark indices ended over a percent lower on February 28 on widespread selling ahead of the monthly expiry and GDP data. The Sensex closed 790.34 points, or 1.08 percent, at 72,304.88, and the Nifty was down 247.10 points, or 1.11 percent, at 21,951.20. About 664 shares advanced, 2,627 declined and 65 shares unchanged. Indus Towers | CMP Rs 242.85 | Shares of Indus Towers gained 1.08%.

Revenue growth for multiplexes will slow down to 10-15 per cent in FY25 from the 20-24 per cent expected in FY24, a domestic ratings agency said on Wednesday. The profit margins will widen marginally, but will continue to be lower than the pre-pandemic levels due to the competition faced by the industry from over the top service providers like Netflix and Amazon Prime, the report by Crisil Rating.

The rupee declined by 3 paise to settle at 82.92 (provisional) against the US dollar on Wednesday, tracking bearish equity markets and foreign fund outflow amid increased month-end demand for the American currency. Forex analysts said that softening crude oil prices provided a cushion to the Indian currency which was weighed down by a stronger dollar.

The phrase that may best sum up the conundrum is – between a rock and a hard place. This is the woes of Generation S or the Sandwich Generation or people who have their parents on the one hand, their children on the other and themselves in between. Experts guide these strained souls on how to manage their finances to care for their parents, support their kids and tide over for themselves too.

Over the next few days, OPEC+ countries need to decide whether to extend their “voluntary” oil output cuts into the second quarter. The market anticipates a full rollover. Instead, I believe the cartel has a chance to add a bit of extra supply, taking some short-term pain for a long-term gain. In November, several OPEC+ nations, led by Saudi Arabia and Russia, announced a series of production.

India's digital public infrastructure (DPI) can be used for building sovereign artificial intelligence (AI), Nvidia's senior vice president for enterprise sales and business development Shankar Trivedi said after a recent meeting with Union minister Rajeev Chandrasekhar. During the meeting Trivedi and Chandrasekhar discussed potential areas of partnership in the field of sovereign AI.

Walmart Global Tech (WGT) has partnered with the Indian Institute of Technology (IIT) Madras to establish the Walmart Center for Tech Excellence dedicated to empowering Micro, Small and Medium Enterprises (MSMEs) in the manufacturing and retail sectors. The centre will work towards developing cutting-edge solutions that will help MSMEs adopt Artificial Intelligence (AI) along with digitisation.

Reported Standalone quarterly numbers for Jupiter Life Line Hospitals are: Net Sales at Rs 230.38 crore in December 2023 up 15.09% from Rs. 200.17 crore in December 2022. Quarterly Net Profit at Rs. 42.24 crore in December 2023 up 485.22% from Rs. 7.22 crore in December 2022. EBITDA stands at Rs. 64.97 crore in December 2023 up 33.49% from Rs. 48.67 crore in December 2022.

Reported Standalone quarterly numbers for IRM Energy are: Net Sales at Rs 226.11 crore in December 2023 down 15.02% from Rs. 266.07 crore in December 2022. Quarterly Net Profit at Rs. 24.34 crore in December 2023 up 21.94% from Rs. 19.96 crore in December 2022. EBITDA stands at Rs. 49.37 crore in December 2023 up 27.93% from Rs. 38.59 crore in December 2022.

Reported Standalone quarterly numbers for Asian Warehousing are:Net Sales at Rs 0.41 crore in December 2023 down 20.53% from Rs. 0.51 crore in December 2022.Quarterly Net Profit at Rs. 0.09 crore in December 2023 down 9.53% from Rs. 0.10 crore in December 2022.EBITDA stands at Rs. 0.33 crore in December 2023 down 26.67% from Rs. 0.45 crore in December 2022.Asian EPS has decreased to Rs. 0.27.

GDP data, along with headline retail inflation, is the most keenly-watched economic indicator of the Indian economy's performance. And with inflation declining and growth robust, many economists say India is in a 'goldilocks' phase. However, GDP growth is likely to have moderated sharply in the final quarter of 2023, with a Moneycontrol survey of economists suggesting it may ease to a 3rd quarter

KKR & Co. is exploring options including selling its controlling stake in India’s JB Chemicals & Pharmaceuticals Ltd. amid interest from potential buyers, according to people familiar with the matter.The US private equity firm is looking to hire financial advisers to help evaluate a sale of its 53.8% stake in the Mumbai-based company, the people said, asking not to be identified.

Reported Standalone quarterly numbers for Max Estates Ltd are: Net Sales at Rs 5.52 crore in December 2023 down 20.01% from Rs. 6.89 crore in December 2022. Quarterly Net Profit at Rs. 2.15 crore in December 2023 up 578.49% from Rs. 0.32 crore in December 2022. EBITDA stands at Rs. 6.49 crore in December 2023 up 9.08% from Rs. 5.95 crore in December 2022.

The faceless tax assessment facility of the Income Tax Department is resulting in faster redressal of taxpayers’ grievances, which is a big step towards ease of doing business, finance minister Nirmala Sitharaman said on Wednesday. “The faceless assessment system was brought in so that discretion of an officer  does not impact taxpayers.