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BBCNEWS World Business Report June 4, 2024 04:49:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:49:00

Parts of the australian economy, that is actually in pretty good shape, unemployment figures are looking quite good, retail demand is actually really high, but again, as we have seen in other parts of the world, as countries emerge from the pandemic, it is actually these things that are really driving up prices, hence these interest rate hikes. so you can understand why the reserve bank is increasing interest rates, trying to cool inflation, there is no doubt it will be especially homeowners that are going to be hit hard by these latest increases. they are already struggling to pay their mortg...

Elengy signs commercial deals on French LNG storage - Vimarsana News

Elengy signs commercial deals on French LNG storage

The storage facility will be supplied with LNG from Elengy's Fos sur Mer import terminal.

CEAT Q4 PAT soars 196% to Rs 153 cr - Vimarsana News

CEAT Q4 PAT soars 196% to Rs 153 cr

CEAT's consolidated net profit surged 195.9% to Rs 153.02 crore on 45.5% surge in net sales to Rs 2,289.72 crore in Q4 FY21 over Q4 FY20.On a consolidated basis, EBITDA surged 32% to Rs 268.70 crore in Q4 FY21 compared with Rs 202.90 crore in Q4 FY20. EBITDA margin stood at 11.7% in Q4 FY21 from 12.9% in Q4 FY20. The debt-to-equity ratio stood at 0.42x in Q4 FY21 as against 0.66x in Q4 FY20. Commenting on the results as well as the outlook of the business, Anant Goenka, managing director (MD) of CEAT, said: "It has been a very satisfactory year with record sales and profitability especially i...

Ceat posts three-fold jump in standalone net profit in March quarter - Vimarsana News

Ceat posts three-fold jump in standalone net profit in March quarter

Read more about Ceat posts three-fold jump in standalone net profit in March quarter on Business Standard. Tyre maker Ceat Ltd reported a nearly three-fold increase in standalone net profit to Rs 141.84 crore in the March quarter of the previous financial year

Tata Motors announces business plan to tackle evolving COVID situation - Vimarsana News

Tata Motors announces business plan to tackle evolving COVID situation

Tata Motors remains vigilant about the evolving COVID situation and has scaled up efforts to enhance the wellbeing of its personnel and their supporting ecosystem.The auto major said that the lockdown enforced in various parts of the country is expected to impact vehicle demand temporarily. Hence, the company has set in motion a comprehensive 'Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers. "By carefully calibrating and matching supplies with retail demand, Tata Motors shall ensure that optimal levels of inventory are maintained with dealers...