Delhi-NCR [India], January 30 (ANI/NewsVoir): After the strong recovery the real estate made in 2022, the sector, still grappling with issues such as high input costs and rising interest rates, now pins its hopes on the forthcoming budget to be presented by the finance minister, Smt. Nirmala
The company said it has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike.
The company said the reasons for the price hike are to partially offset the impact of constant increases in input costs largely driven by pricier commodities, fluctuations in foreign exchange rates, inflation and also due to regulatory obligations.
This is the fourth upward revision in prices of milk, an essential food item, in 2022. The earlier revisions were done in March, August, and October this year.
Operating profit or earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 8 per cent from last year to Rs 480.6 crore. The fall in operating profit is due to spiralling expenses, which increased 21 per cent from last year while finance costs increased 29 per cent
New Delhi [India], October 15 (ANI): Mother Dairy hiked prices of full cream milk and cow milk by Rs 2 per litre across the Delhi-NCR citing rising input prices, officials informed on Saturday.
Anand (Gujarat) [India], August 16 (ANI): Faced with a rise in input costs, Amul has decided to increase the prices of milk by Rs 2 per litre with effect from Wednesday.
New Delhi [India], August 11 (ANI): State-owned steel producer Steel Authority of India (SAIL) recorded a sharp fall in its profits during the first quarter of the current financial year 2022-23 (April-June).
New Delhi [India], July 29 (ANI): The government-run Indian Oil Corporation (IOC) on Friday reported a net loss of Rs 1,993 crore for the first quarter of the current financial year as against a net profit of Rs 5,941 crore recorded in the corresponding period of the last year.
New Delhi [India], July 19 (ANI): Faced with rising prices of active pharmaceutical ingredients (APIs), and other key inputs coupled with a rise in freight and energy costs, the operating profitability of Indian pharmaceutical companies is expected to decline by 200-250 basis points (or 2.5
Mumbai (Maharashtra) [India], July 9 (ANI): Tata Motors said on Saturday it has decided to increase its passenger vehicle prices by 0.55 per cent with immediate effect to partially offset the impact of rising input costs."A weighted average increase in price of 0.55 per cent will come into e
Tokyo [Japan], June 7 (ANI/PRNewswire): Syncron, the largest privately-owned global leader in intelligent Service Lifecycle Management SaaS solutions, announced today that Mitsubishi Motors Corporation (MMC), has selected Syncron Price™ as the underlying technology to support its servi