Everyone loves surprises, right? I mean, who doesn’t like a good surprise party? Well, then again – there are good surprises and there are BAD surprises. A good surprise is finding a $20 bill in your pocket on your way to lunch… A bad surprise is when you’re late to work – and you’re cruising … Read more
American short-seller Viceroy Research on Wednesday said that the promoters of the Vedanta Group were “siphoning margins” from listed group company Hindustan Zinc Ltd (HZL) by supplying commodity goods to it at inflated prices on an exclusive basis. It alleged that Minova Runaya Pvt. Ltd (Mrpl), a 49% promoter-owned entity, has an exclusive contract with … Read more
Aggregate revenue of 182 companies that have declared first quarter results so far showed a marginal improvement to rise 5.4% year-on-year (y-o-y), a Mint analysis showed. Net profits, however, zoomed 23%, as raw material costs fell 14% over the year, the steepest decline in eight quarters. Raw material costs were also 15% lower than in … Read more
