MRF Q3 net dips by 71.49% to ₹145.85 crore
The Hindu
Total expenditure grew by ₹751 crore to ₹4,701.55 crore
Leading tyre manufacturer MRF Ltd. standalone net profit for the third quarter ended December contracted by 71.49% to ₹145.85 crore, due to higher raw material prices and changes in inventories of finished goods.
During the period under review, revenue from operations rose 6% to ₹4,830 crore. Total expenditure grew by ₹751 crore to ₹4,701.55 crore.
Cost of materials consumed increased by 14% to ₹2,989 crore. Changes in inventories of finished goods saw a loss of ₹106 crore against a gain of ₹224 crore, it said in a regulatory filing.
Kerala's wellness sector faces uncertainty due to the West Asian crisis, impacting tourism and threatening economic stability.
Experts link Punjab's distress migration to economic stagnation and job mismatches, highlighting systemic failures in political leadership.
India's merchandise exports remain flat in February, with Commerce Secretary warning of a potential dip in March due to trade constraints.
Hard Rock International closes 10 outlets in India, including three cafes in Bengaluru, while Goa hotel remains open.
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
In a statement on its website, Adobe said it has in recent years streamlined its sign-up and cancellation processes and made them more transparent.
Stock markets recover as Sensex and Nifty bounce back following a three-day slump, driven by value-buying in blue-chip stocks.
U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters
Learn how to choose the best personal loan lender by evaluating eligibility, interest rates, and borrowing experience.
Discover why pension planning is essential in modern India to ensure financial security and peace during retirement.
The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.
NHAI raises annual pass fee to ₹3,075 from April 1, 2026, streamlining toll payments for FASTag users.