BUSINESS
Procter & Gamble Hygiene's Jan-Mar net profit up 8%
In a statement, the company said that during the period under review, it delivered sales of Rs 760 crore, up 16 per cent compared to the same period a year ago. Both the feminine care and health care business delivered strong double-digit sales growth in the quarter, it said.
RIL fixes record date for first call on partly paid-up equity shares
In a regulatory filing, RIL said that pursuant to the Letter of Offer dated May 15, 2020, the company had issued and allotted, on a rights basis, over 42.26 crore equity shares of the face value of Rs 10 each as partly paid-up equity shares (Rs 2.50 paid-up per share).
Saudi Aramco's Q1 net profit rises by 30%
"Given the positive signs for energy demand in 2021, there are more reasons to be optimistic that better days are coming. And while some headwinds still remain, we are well-positioned to meet the world's growing energy needs as economies start to recover," Aramco President and CEO Amin Nasser, said in a statement.
Accenture pledges Rs 185 cr for Covid relief efforts in India
"Accenture stands in solidarity with India. We have made a fresh pledge of $25 million (Rs 185 crore) for pandemic relief efforts in addition to the ongoing investments in our people and communities," said Rekha M. Menon, Chairperson and Senior Managing Director, Accenture India, in a LinkedIn blog post.
Cybersecurity firm Acronis raises $250M at $2.5B valuation
Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,600 employees in 33 locations in 18 countries. The company said in a statement that the funds will be utilised to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products.
Domestic air travel recovery delayed by 3 months: Ind-Ra
The first two months of 2021 witnessed a solid improvement in air travel, after a steep decline in EBITDAR losses in 3QFY21 as airline operations normalised, it said. However, late March and April have seen a sharp rise in active Covid cases all across India which has significantly impacted air travel and dented confidence in aviation recovery.
Microfinance industry to witness disruptions from Covid surge: ICRA
"Though some states have classified the microfinance industry as an essential activity, the cash flows of borrowers may be affected due to the restrictions or lockdowns, thereby affecting their repayment ability. Moreover, the risk of infections spreading faster in other regions and increased restrictions/lockdowns in more places persists, which would impact collections.
Zomato emerges most trusted brand during pandemic: Survey
As India grapples with the raging pandemic amid seismic shifts in consumer behaviour, a new survey on Tuesday said that Zomato has emerged as the most-trusted brand, followed by Amazon Prime Video and Amazon marketplace, in the country. Over the course of the pandemic year, consumers prioritised online food delivery, pharmacy, entertainment, digital payments and OTT, among others, according to market research firm CMR's ‘Alpha Brands 2021' listing.
SII to invest 240M pounds in UK to expand vaccine business
The Serum Institute of India (SII) will invest 240 million pounds in the UK to expand its vaccine business and create multiple jobs in the country. The investment is part of the 1 billion-pound India-UK Enhanced Trade Partnership that will create nearly 6,500 jobs in Britain. The investment by the Adar Poonawalla-run SII will also see opening of a new sales office in the UK.
Equity indices trim gains amid volatility
Around 10.10 a.m., Sensex was trading at 48,791.31, higher by 72.79 points or 0.15 per cent from its previous close of 48,718.52. It opened at 48,881.63 and has so far touched an intra-day high of 48,996.53 and a low of 48,521.85 points. The Nifty50 on the National Stock Exchange was trading at 14,655.35, higher by 21.20 points or 0.14 per cent from its previous close.
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