FirstCry shares tumble over 4% after GST department initiates investigation

FirstCry shares tumble over 4% after GST department initiates investigation

Shares of Brainbees Solution-operated FirstCry fell by 4.5% to their day’s low of Rs 597.80 on the BSE after the company informed that the GST department of Mumbai has initiated an investigation at the company’s head office and a warehouse in Pune. “We wish to inform you that the Assistant Commissioner of State Tax, Mumbai … Read more

Future Retail Q3 results: Reports net loss of Rs 847 cr; revenue falls 71% to Rs 1,507 cr

Future Retail Q3 results: Reports net loss of Rs 847 cr; revenue falls 71% to Rs 1,507 cr

NEW DELHI: Future Retail Ltd on Tuesday reported a consolidated net loss of Rs 846.92 crore for the third quarter ended on December 2020 as business operations continued to be impacted by the pandemic during the quarter. The company had posted a net profit of Rs 164.56 crore in the October-December quarter a year ago, … Read more

Will Asian Paints sustain growth momentum of Q2?

Will Asian Paints sustain growth momentum of Q2?

But Asian Paints’ strong recovery gives rise to the question of whether it is sustainable going ahead. Synopsis The Asian Paints stock hit a record high on the eve of the company announcing its September quarter results. The company didn’t disappoint and posted resilient growth — a double-digit increase in volumes and multi-year high margins. … Read more

Sebi pulls up Prabhat Dairy for non-cooperation with auditor; asks it to deposit Rs 1,292 cr

Sebi pulls up Prabhat Dairy for non-cooperation with auditor; asks it to deposit Rs 1,292 cr

MUMBAI: The Securities and Exchange Board of India (Sebi) has asked Prabhat Dairy to deposit Rs 1,292 crore into an interest bearing escrow account until a dispute is resolved about paying shareholders the proceeds from the sale of an operating unit. Last year in January, Prabhat Diary had sold its subsidiary, Sunfresh Agro, to Tirumala … Read more