India will push for creation of an Artificial Intelligence based portal at the G20 that will house various data on supply chains that will particularly aid MSMEs in the developing world. “An international body such as the UNCTAD could house it”, a senior government official said. The discussions are at initial stages but the attempt … Read more
“I think over the last couple of years because of the huge fluctuation in raw material prices, it was difficult to pass on the entire cost to the market. And hence, with some stabilisation, we believe that stability in margins will come, maybe some improvement or at least coming back to normalised levels for core … Read more
ET Intelligence Group: India Inc continued to report double-digit year-on-year growth in revenue and net profit for the December quarter though input cost inflation continued to dent operating profit, resulting in a multi-quarter low margins. While margin pressure is expected to continue in the fourth quarter of the fiscal year, analysts expect a gradual demand … Read more
Mumbai: Stocks of Indian paints manufacturers are likely to outperform on expectations of strong revenue growth over the medium term, led by volume growth and price hikes in response to inflationary raw material prices, said analysts. The growth will mainly be led by the shortening of the repainting cycle, housing demand, conversion from ‘kutcha’ to … Read more
The company contributed 27.8% to the sample’s revenue and 16.9% to profit. Synopsis Net sales of a sample of 240 companies analysed by ET rose 34.1% year-on-year in the June quarter while net profit rose 67.8%. However, the sample’s profitability, as measured by operating margins, took a 290 basis point knock in the quarter due … Read more
The government has also issued a draft regulation that may lead to a ban on single-use plastic for candy and ice cream sticks and film wraps around sweet boxes and cigarette packets. Synopsis B&K Securities said BOPP prices in February surged 16 per cent from the previous month on account of supply constraints and an … Read more