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Vedanta s Rs 2,632-crore brand fee helps VRL repay part of its debt

An increased brand fee paid by India-listed Vedanta, apart from record dividend, has helped Vedanta Resources (VRL) - the London-based holding company of Vedanta Group - to repay part of its debt. Vedanta paid a brand fee of Rs 2,632 crore ($325 million) for 2022-23 (FY23), according to Nomura report. This was after the Anil Agarwal-owned holding company raised the brand fee to 2 per cent of the turnover for its Indian businesses in 2021.

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The second surge is different India Inc s profits won t survive the costs, variants

The second surge is different. India Inc s profits won t survive the costs, variants SECTIONS The second surge is different. India Inc s profits won t survive the costs, variantsBy Andy Mukherjee, Bloomberg Last Updated: May 21, 2021, 07:06 AM IST Share Synopsis During the second wave of infections, consumers are behaving differently. Although curbs on mobility have been fairly strict in metropolitan centers, prompting people to buy more essential supplies online, price inflation in personal care is collapsing. AP A policeman walks past an awareness message painted on a road during a curfew to curb the spread of coronavirus in Jammu Lately, India has had very little to smile about. Something that

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Toothpaste firm s numbers show India Inc profits won t survive costs, Covid

Lately, India has had very little to smile about. Something that Colgate-Palmolive Co.’s tepid growth in the world’s pandemic epicenter amply demonstrates. The toothpaste maker’s results this week offer a fresh look at a puzzle: the Indian stock market’s apparent disregard for the country’s worst humanitarian disaster in almost 75 years. Scientists are forecasting 1.2 million deaths by end-August, hospitals are running out of beds and oxygen, and bodies are being dumped in the Ganges river, yet the Nifty 50 index is trading at a price-to-earnings ratio of 31. Even after softening somewhat since February, valuations are still rich. In the Asia-Pacific region, only Australia, New Zealand and Singapore are more expensive.

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Opinion: Colgate Numbers Show Why India Inc s Profits Won t Survive Costs, Covid

Opinion: Colgate Numbers Show Why India Inc s Profits Won t Survive Costs, Covid
ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.

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India Inc s profits won t survive costs, Covid - The Hindu BusinessLine

India Inc s profits won t survive costs, Covid - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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