The Maharashtra state government recently announced a 67 per cent cut in its spending for developmental works this fiscal. With a budget size second to the state of Uttar Pradesh, Maharashtra has incurred an estimated revenue loss in excess of Rs. 50,000 crore over the months of March and April 2020. As per the expert panel set up, it is[Read More…]
J Srikant Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) today reported that the component industry has recorded a revenue of Rs 2,11,700 crore in FY 2013-14 as compared to Rs 2,16,000[Read More…]
Industrial and automotive battery major Amara Raja Batteries Limited today announced annual revenue of Rs 34.37 billion (excluding other income) with a growth of 16% in financial year 2013-14 as compared to Rs 29.59 billion in FY13. The profit after tax stood at Rs 3.67 billion, recording a growth of 28% as against Rs 2.87 billion of the previous year.[Read More…]
New launches and upgrades introduced by TVS Motor Company across the scooter and motorcycle segments helped the company to register increase in sales, aiding significant bottom line growth. The company today announced results for the financial year 2013-14. During the year, the company strengthened its presence in the scooter segment introducing TVS Jupiter, styled to enthuse the male customer. TVS[Read More…]
