Six hundred bikes to be provided to children in disadvantaged Birmingham areas.

West Midlands Cycle Hire launched in Wolverhampton and Sutton Coldfield.

“Udaan’s financial performance for FY23-24 reflects its commitment to building a robust, profitable and resilient business. With revenue reaching INR 5,700 crores for FY23-24, we have made significant strides toward profitability, reducing EBITDA burn by 40% year-on-year to ~INR 900 crores,” said Kiran Thadimarri, SVP Finance, Udaan in a LinkedIn post.

China's Xiaomi had complained to the Competition Commission of India (CCI) that the report - which found Flipkart, some of its sellers, and smartphone players in violation of competition laws - contained commercial secrets that should have been redacted, Reuters reported in September.

The action is related to the financial transactions being done by some of the "preferred" vendors and sellers who do business through Amazon and Flipkart like e-commerce platforms.

India's food safety regulator directed e-commerce and quick commerce companies to follow shelf life guidelines for packaged food deliveries. The regulator emphasized a minimum remaining shelf life of 30% or 45 days upon delivery. This action follows complaints about companies not disclosing expiry dates. The regulator stressed the importance of clear expiry dates and adherence to labeling regulations.

The Food Processing sector continues to attract significant investment, with several projects from companies such as Bhuvaneshwari Foods and Beverages, Aban Beverages, and Geofast Consumer Products. These projects, located in Khurda, Baragarh, and Cuttack, will have a combined investment of Rs 1,542.04 crore and are expected to create over 1,358 jobs.

Tupperware Brands has been granted approval to sell its assets to its lenders, enabling the company to exit bankruptcy. Unable to find a buyer to pay off its $818 million debt, Tupperware will transfer its brand name and key assets to investment firms Stonehill Capital Management Partners and Alden Global Capital. The company plans a digital-first, asset-light business model post-bankruptcy.

Commenting on Q2 performance, Stove Kraft's managing director Rajendra Gandhi said, “With positive market momentum supporting us, we remain committed to driving volume and value growth in revenue and margins in the upcoming quarters." He further said that ​​the company's expansion of Pigeon outlets through the COCO and COFO model has been promising. During this quarter, the firm added 22 new stores, bringing our total to 213.

Akzo Nobel India reported a 14% increase in net profit to Rs 108.7 crore in the fourth quarter, driven by higher demand from the automotive sector. Despite muted retail demand due to higher rainfall and price hikes, the company's revenue from operations rose 3% to Rs 9.82 billion.

Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.

Net profit after minority interest declined to ₹694.60 crore in July-September quarter from ₹1,205.40 crore during the corresponding period of last fiscal year. Consolidated net sales decreased 5.3% to ₹8,003.0 crore from ₹8,451.9 crore.

Jubilant Foodworks Ltd., the operator of Domino's Pizza and Dunkin' in India, reported a lower net profit of Rs 66.53 crore in the second quarter, compared to Rs 97.2 crore in the same period last year. Despite the profit dip, revenue rose to Rs 1,954.72 crore from Rs 1,368.63 crore, fueled by expansion and growth in the Indian market.

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents showed.

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales.

Britannia Industries' revenue from operations increased by 5.29 per cent to Rs 4,667.57 crore in Q2 FY25, up from Rs 4,432.88 crore during the second quarter of the financial year 2023-24. On the company's quarterly performance, Varun Berry, vice chairman and managing director, said, “A ~8% volume growth with a sequential increase in revenue and operating profits are satisfactory results in the face of severe commodity inflation leading to a tepid consumer demand scenario in most FMCG categories."

Parag Milk Foods reported a 15.9% rise in consolidated net profit, reaching Rs 29.21 crore in the second quarter ending September 2024. This compares to Rs 25.19 crore during the same period the previous year. The company saw a 10% volume growth and a 9% value growth. Total revenue from operations increased by 9.2% to Rs 871.

Coca-Cola India's consolidated profit plummeted by 41.82% to Rs 420.29 crore in FY24, despite a 4.24% increase in revenue, reaching Rs 4,713.38 crore. The company's advertising and sales promotion expenses surged by 35.47% to Rs 1,520.21 crore, while royalties paid to its US parent company also rose.

"During the quarter, the company maintained the growth momentum established in the first quarter. A strong performance across all major segments, supported by a robust order book, reflects increasing demand for its diverse product portfolio," said an earnings statement from Blue Star.

Bajaj Electricals experienced a 59% drop in second-quarter profits, attributing the decline to weaker demand for cooling products due to monsoon rains. Despite a slight revenue increase, the company's profits were impacted by reduced demand and cost-of-living pressures. Analysts anticipate a demand resurgence in the December quarter, fueled by festive season promotions.

Samsung India Electronics' revenue grew by a mere 4% in FY24, reaching Rs 102,626 crore, marking its slowest growth in eight years. This slowdown, largely attributed to a stagnant smartphone market and heightened competition, is believed to be behind recent layoffs and cost-cutting measures.

The gaming console uses Wi-Fi 7, a wireless standard that uses the 6GHz band for connecting to the internet. However, the band itself is embroiled under controversy with telecom operators pushing for it to be reserved for mobile internet services.

Although stakeholder discussions are still going on, the 5% cut of the total import quota will be implemented from April 1 of the upcoming fiscal. This cut is based on the data provided by the Directorate General of Commercial Intelligence and Statistics.

Apple India's dividend payout to its Irish holding company more than doubled to ₹3,302 crore in FY24, exceeding its net profit for the first time. This comes as iPhone sales surged in the country, boosting Apple India's revenue by 36%. While analysts acknowledge the impressive revenue, they also point to stagnant operating margins and increased inventory as potential challenges.

At 11:06 a.m., the public issue was subscribed 1.09 times. The retail category was subscribed 4.08 times, while the NII portion garnered 1.18 times bids. There were no bids from qualified institutional buyers so far.

India's Pidilite Industries , which makes Fevicol adhesives and Dr. Fixit waterproofing products, posted a 6.2% jump in fourth-quarter profit on Tuesday, driven by lower input costs.

​​Santosh Raveshia, Managing Director, DOMS Industries Limited said, "As we conclude FY24, we are pleased to report on a period marked by significant achievements and strategic initiatives that have reinforced our strong position in the stationery and art materials market. We continued seeing positive business traction resulting in robust sales growth coupled with further elevation of margins, reflecting upon the strength of the ‘DOMS’ Brand to connect with its consumers."

DOMS Industries Limited reported strong Q1 FY25 results, with a notable 17.3% increase in revenue and 49.5% growth in profit after tax compared to Q1 FY24. The firm saw improved EBITDA and margin performance. The company also announced plans to acquire a majority stake in Unilcan Healthcare to expand its market.

Pidilite Industries has invested Rs 5 crore in Wify, a home improvement and maintenance services platform. This pre-series A funding round was led by Capria and Mount Judi Ventures, with participation from Blume Ventures. The investment aims to boost Wify's growth by enhancing its tech stack, expanding services, and strengthening its market position.

Hugo Boss reported third-quarter operating profit slightly above expectations, but acknowledged it won't achieve its 2025 revenue and profit growth targets due to weak demand. Despite cost-cutting measures, the luxury fashion brand faces challenges from cautious consumer spending and a difficult market, particularly in China.

Titan Company experienced a 15% profit decline in Q2. The company attributes this to losses from a customs duty drop on gold. Despite this, Titan saw strong sales growth in its jewellery and watches segments. The company remains optimistic about the future, particularly the upcoming festive season. Titan is also closely watching the lab-grown diamond market and formulating its strategy.

Raymond Lifestyle witnessed a significant 69.72% drop in its consolidated net profit for Q2 FY'25, reaching Rs 42.18 crore. This decline is attributed to subdued demand and inflationary pressures. Despite this, the company remains optimistic about the future, citing recent positive trends in the festive and wedding season and plans for retail expansion and new product launches.

Trent reported a 46.9% increase in consolidated net profit to Rs 335.06 crore in the second quarter that ended September 30, 2024. Revenue from operations grew by 39.3% to Rs 4,156.67 crore. The company expanded its store footprint, with 800 large-format fashion stores across 184 cities. Also, it opened new stores for both Westside and Zudio brands during the second quarter of this fiscal.

Page Industries, the company that holds the license for Jockey and Speedo in India, saw its profit increase by 30% in the second quarter. The company's profit reached 1.95 billion rupees. This growth was driven by higher sales of premium athleisure wear. Despite a general slowdown in consumer spending, demand for these products remained strong.

Under Armour's shares surged 20% after the company raised its annual profit forecast, driven by cost-cutting measures and a focus on full-price sales. Founder and CEO Kevin Plank's strategy of reducing discounts and inventory helped boost gross margins, signaling a potential turnaround for the sportswear brand.

Safari Industries India reported a 25.40% YoY decline in consolidated net profit to Rs 29.66 crore in Q2 FY25, despite a 23.72% YoY increase in revenue to Rs 457.79 crore. The luggage maker's profit before tax also fell by 27.07% YoY to Rs 37.84 crore, primarily due to a significant rise in total expenses, including a 53.

Richemont, the owner of Cartier, fell short of profit projections for the first half of the year and expressed caution regarding China's recovery, causing a decline in European luxury stocks. The company's sales were impacted by a downturn in the Asia-Pacific region, particularly in China, where consumer confidence remains low.

Relaxo Footwears recorded a 17 percent drop in net profit to Rs 37 crore for the second quarter ending September 30. Revenue also decreased by 5 percent to Rs 679 crore. The company attributes the decline to lower demand and increased competition from unorganized players. Relaxo plans to add more distributors and optimize operations for future growth.

Grooming products maker Gillette India Ltd on Monday reported a 43.5 per cent rise in profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company, which follows the July-June financial year, had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year, according to a BSE filing from Gillette India.

Coty expects lower annual profit than previously forecasted. Demand for beauty products is slowing down in the US and Australia. Consumers are choosing essential products over beauty items. Coty's prestige fragrance segment, however, reported a 9% rise in sales. This is due to new launches such as Burberry Goddess and Marc Jacobs Daisy Wild fragrances.

Founded by Supam Maheshwari and his colleague from a previous business, Amitava Saha, FirstCry has been the darling of investors which include SoftBank, Tata Sons Chairman Emeritus Ratan Tata, Premji Invest, Mahindra & Mahindra and TPG Growth.

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