Food company Britannia Industries Ltd on Monday posted 32.90 per cent increase in consolidated net profit to Rs 402.73 crore for the quarter ended September 30, 2019. The company had posted a net profit of Rs 303.03 crore for the July-September period a year ago, Britannia Industries said in a BSE filing.Net sales were up 5.88 per cent to Rs 3,022.91 crore during the quarter under review as against Rs 2,854.81 crore of the corresponding quarter previous fiscal.Commenting on the results Britannia Industries MD Varun Berry said:“We continued to grow faster than the market with a sequential revenue growth of 13 per cent. In the base business, we continued our premiumisation and innovation journey... during this phase of sluggish demand, we continued to invest in enhancing our brand equity through focused product campaigns."Close On the cost front, the company witnessed moderate inflation in the prices of key raw materials for the bakery business, while there was an inordinate … [Read more...] about Britannia Industries Q2 net profit up 32.9% to Rs 402.73cr
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Indiabulls Mutual Fund's Chief Executive Officer Raghav Iyenger is on his way out, and will join Axis Mutual Fund as its Chief Business Officer, sources told Moneycontrol."Raghav is still in the process of moving out. He is in a transition phase as someone needs to be appointed before he leaves," a senior source from Indiabulls Mutual Fund said.Axis Mutual Fund did not confirm Iyenger's appointment. However, a source at Axis Mutual Fund on condition of anonymity said that Iyengar will be joining the company by November-end or December.Close Iyengar has more than 20 years of experience in the mutual fund industry. He has been involved in a wide range of roles, including retail penetration to implementing strategy for new products and markets for various Asset Managers in India.Himadri BuchAssistant Editor|Moneycontrol.com Dreamery to be sold in general trade, Future Consumer’s dairy brand increases reachMutual funds wrap: SIP AUM crosses Rs 3 trillion mark, but will the … [Read more...] about Indiabulls MF’s Raghav Iyengar tipped to join Axis MF as Chief Business Officer
The 150-mile stretch of the Mississippi River in Louisiana between Baton Rouge and New Orleans is home to a mindboggling concentration of petrochemical plants, industrial facilities that produce the country’s lifeblood of polypropylene, glycol ethers, perchloroethylene, alcohol ethoxylates, and other unpronounceables. You know, the stuff that eventually becomes our plastic bags, bottles, tires, pesticides, and food preservatives. The corridor is sometimes known as “Cancer Alley,” a bleak nod to the unintended consequences–for people, wildlife, and the landscape–of processing all these chemicals. advertisement advertisement Photographer Richard Misrach first documented the area in 1998 for an exhibition at Atlanta’s High Museum. Returning to the river more than a decade later, he wanted to retell the story of this place in a way that might begin to suggest some solutions. He collaborated with landscape architect Kate Orff on the latest … [Read more...] about Fascinating Infographics And Gorgeous Photos Document Our Deadly Chemical Industry
Harnessing the power of crowdsourcing, viral branding, and service outreach has propelled the notion of the “extended enterprise” into high gear in a hyper-connected global world where ideas and information are shared instantly and constantly. The term “extended enterprise” was coined in the 1990s at the Chrysler Corporation to explain the necessities to extend collaborative relationships between internal and external organizations. advertisement advertisement Today, this extension reaches further than anyone could have imagined just a couple decades ago. The consumerization of technology, communication and connectivity allows any enterprise to reach out to anyone anywhere in the world at any time. Evidence of the growing extended enterprise can be found in any industry or initiative. Consider the following two examples: As soon as news of the deaths, devastation and destruction caused by Hurricane Sandy hit, relief efforts flooded social media … [Read more...] about Is Crowdsourcing The Right Choice For Your Business?
Demonetization, digital India gave a positive push to financial services sector and will continue to aid the sector, said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.He further said that digital India and disruptive technologies will enhance the reach and scope in the Financial Services industry.The impact of Prime Minister Narendra Modi's initiatives of demonetisation and Digital India has been positive in terms of increasing financial penetration in India – the financial services sector has gained, while Jan Dhan has introduced the vast ‘unbanked’ segment of India’s population to structured financial institutions.Close “These initiatives have fostered increased financial penetration in India,” said Sikka. related news Growth outlook: Are businesses and consumers more to the point than RBI? E-tickets may cost more, IRCTC plans to reimpose service charge: Report Digital payments in India to more than … [Read more...] about Digital, disruptive tech to enhance reach in fin services industry: Reliance MF CEO