Toshiba Outlines Plans to Boost Sales, Reports Rise in Quarterly Profit

Toshiba Outlines Plans to Boost Sales, Reports Rise in Quarterly Profit

Toshiba reported a 44 percent improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management. Tokyo-based Toshiba said Wednesday that it recorded a JPY 25.9 billion (roughly Rs. 1,540 crore) profit in the April-June period, up from 18 billion yen the year … Read more

Vedant Fashions faces rating cuts after Q1 nos on punchy valuations

Vedant Fashions faces rating cuts after Q1 nos on punchy valuations

Recent debutant has seen a host of brokerages slashing their ratings on the stock post its otherwise reasonable set of numbers, citing expensive valuations that leave little on the table. On Wednesday, the scrip plunged 9.03 per cent to hit a low of Rs 1,180 over its previous day’s close of Rs 1,297.20 Punchy valuations … Read more

Tech View: Nifty ends flat but uptrend stays intact

Tech View: Nifty ends flat but uptrend stays intact

Nifty50 on Wednesday ended almost flat but stayed above its 200-day simple moving average for the eighth straight day. The index formed a Hanging Man candle on the daily chart but there were no signs of weakness, said analysts, who see good support for the index near 17,350 level. The technical picture, at this juncture, … Read more

Poonam Bhagat’s new collection for Chennai is inspired by her love for the city

Poonam Bhagat’s new collection for Chennai is inspired by her love for the city

Designer Poonam Bhagat | Photo Credit: Special Arrangement Fashion designer Poonam Bhagat’s fondness for Chennai reflects in the colour palette of her new collection. She toys with cobalt blues, burnt oranges and sunflower yellows that resonate with the city’s sensibility. There are, however, the muted blushes and the pale-ash ivories too, “which has something for … Read more