Polycab India reported a 15.35% rise in net profit to Rs 412.85 crore for the third quarter ended December 2023. Revenue also grew 16.83% YoY.

Polycab India's net profit surged 15.35% to Rs 416.51 crore in the December quarter, driven by strong volume growth in wires and cables. Revenue also increased 16.83% to Rs 4,340.47 crore.

Capital Group, a financial services company, sold shares of Polycab India for Rs 337 crore through an open market transaction. The shares were offloaded at an average price of Rs 3,955.87 apiece.

Polycab India shares tumbled 21% on Thursday, eroding Rs 15,485.96 crore from its market valuation, following tax evasion allegations. The Income Tax department detected unaccounted cash sales...

The Income Tax department detected unaccounted cash sales of Rs 1,000 crore during raids against Polycab, a leading wires and cables manufacturer. The company denies allegations of tax evasion.

The Food Safety and Standards Authority of India (FSSAI) has made bold labelling of salt, sugar, and saturated fat mandatory on packaged food items, aiming to help consumers make healthier choices....

Paytm founder Vijay Shekhar Sharma hails government's role in mainstreaming startups, calling it a golden period for Indian entrepreneurs. He highlights the shift from startups being at the bottom...

Future Consumer, FMCG arm of debt-ridden Future Group, has defaulted on payments of Rs 449.04 crore to banks and bondholders until June-end. The company is working on asset monetization and debt...

India aims to become a global semiconductor player, leveraging its expertise and government support. The industry is projected to reach a trillion dollars globally.

Bandhan Bank has appointed Ratan Kumar Kesh as interim MD & CEO, effective July 10. Kesh, previously COO, will serve for three months or until a new CEO is appointed.

Vedanta Group chairman Anil Agarwal met Odisha Chief Minister Mohan Charan Majhi to discuss development projects and reiterate the company's commitment to the state's progress.

The Food Safety and Standards Authority of India (FSSAI) has made bold labelling of salt, sugar, and saturated fat mandatory on packaged food items, aiming to help consumers make healthier choices....

Union Minister Amit Shah announces plans for cooperative banks and milk unions in each district, aiming to establish PACS in 2 lakh panchayats in the next 5 years.

Paytm founder Vijay Shekhar Sharma hails government's role in mainstreaming startups, calling it a golden period for Indian entrepreneurs. He highlights the shift from startups being at the bottom...

Future Consumer, FMCG arm of debt-ridden Future Group, has defaulted on payments of Rs 449.04 crore to banks and bondholders until June-end. The company is working on asset monetization and debt...