Slowdown story: Middle class buys smaller soaps, bigger TVs

There is a slowdown in urban consumption as the middle class household budgets get stretched but that doesn’t necessarily mean all spends are down. There’s a consumption dichotomy at play – the segment is moving to smaller packs in fast-moving consumer goods because of price hikes but are availing flexible payment schemes and EMI plans … Read more

Zee Entertainment third-quarter profit surges 180% to Rs 164 crore, but revenue falls

Zee clocked in net profit of Rs. 164 crore for the third quarter of FY25, a 180% increase from the Rs. 58.5 crore made in the same period a year ago. (Photo: Mint)

2025-01-23 19:07:00 : Zee Entertainment Enterprises Ltd’s net profit is $Revenue for the third quarter ended December was Rs 164 crore, up 180% from the same period last year $585 million a year ago. Operating income fell 3% year-on-year $1,979 Crores. While advertising revenue increased 4% quarter-on-quarter during the quarter, it fell 8% year-on-year due … Read more

Dabur acquires Sesa Care to expand hair care portfolio

Dabur sells hair oils under Dabur Amla, Vatika and Dabur Almond brands. (Photo: Bloomberg)

2024-10-30 17:14:46 : New Delhi: Dabur India Ltd will acquire 51 per cent stake in hair care company Sesa Care Pvt. The enterprise value of a limited company is $315-325 Crores. Dabur will pay $Invested Rs 126 million in private equity fund True North, an existing owner of a hair care company, to acquire 51% … Read more