Page 3 - Commerce Ventures News Today

Nykaa Q4 results: The online fashion retailer on Wednesday reported a 187.5 per cent jump in its consolidated net profit to Rs 6.9 crore during the fourth quarter ended March 2024 (Q4 FY24).

The consolidated net profit stood at Rs 2.4 crore in the last-year period. Nykaas board has approved an investment of Rs 20 crore in FSN International, a wholly-owned subsidiary, on a rights basis. The companys board has approved an investment of Rs 20 crore in FSN International, a wholly-owned subsidiary, on a rights basis. FSN International will further invest around $1.9 million in one of its overseas arm.

Troubled fintech Paytm reported its first quarterly earnings after the RBI banned its payments bank in January. This and more in todays ETtech Top 5.

Online beauty and fashion marketplace Nykaa on Wednesday posted a net profit of Rs 9 crore in the January-March quarter, down 48 per cent (quarter-on-quarter) from Rs 17.45 crore in the same period last year.FSN E-Commerce Ventures, the parent ...

Sun Pharmaceutical Industries was included in the Nifty Shariah index.

Nykaa reports strong revenue growth, profit increase, and expansion plans with focus on beauty and fashion segments.

Nykaa launches employee stock option plans worth more than Rs 7 Crore as startups try to retain talent.

Companies typically expand their Esop pool to attract and retain talent, align employee and shareholder interests, and enhance overall performance. Private startups also institute buybacks of Esops to help create wealth for employees.

Grasim Industries, Sun Pharma, Power Grid Corporation, Paytm, Nykaa, Ashoka Buildcon, Dhanlaxmi Bank, GE Power India, Gland Pharma, GMM Pfaudler, HEG, Jubilant FoodWorks, New India Assurance Company, and Unichem Laboratories will announce their March quarter earnings on May 22.

The market, in the coming truncated week, is expected to be consolidative with a positive bias.