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₹387.65 apiece on the BSE. Honasa Consumer, the parent company of digital skincare firm Mamaearth, reported a net profit of ₹30 crore in Q2FY24, which doubled from the same period last year. Its revenue from operations grew 21% to ₹496 crore.

Honasa Consumer, which runs the Mamaearth brand of toxin-free products, on Thursday rallied around 12% to touch a fresh peak of Rs 393.95 on BSE after the beauty and personal care products retailer reported 94% year-on-year (YoY) growth in Q2 profit. Driven by volume growth, Honasa's quarterly revenue grew 21% YoY to Rs 496 crore while its Ebitda margin expanded 170 bps YoY to 8.1%, the highest ever. The company's management remains confident of delivering a 30% plus revenue growth going forward, similar to that in H1. It also expects Ebitda margins to keep improving on a YoY basis over the coming years, led by operating leverage and further optimisation of ad-spends. «We upgrade our FY24-26e Ebitda and EPS by 5-6%.

carbon dioxide emissions to keep them from the atmosphere are central to the climate strategies of many world governments as they seek to follow through on international commitments to decarbonize by mid-century. They are also expensive, unproven at scale, and can be hard to sell to a nervous public. As nations gather for the 28th United Nations climate change conference in the United Arab Emirates at the end of November, the question of carbon capture’s future role in a climate-friendly world will be in focus. Here are some details about the state of the industry now, and the obstacles in the way of widespread deployment: FORMS OF CARBON CAPTURE The most common form of carbon capture technology involves capturing the gas from a point source like an industrial smokestack.

WARANGAL: Two decades ago, Damera Yakamma's husband, a cotton farmer in a southern Indian village, committed suicide by consuming pesticide because of his mounting debts, leaving his widow in charge of their two acres of land. After that, the mother of four — then in her mid-twenties — decided she did not want any more chemicals entering her home. With the help of a non-profit in Telangana state's Warangal district, Yakamma and some other local farmers grew their first organic cotton crop in 2005 using natural manure and bio-pesticides. They benefited from lower costs, better health and soil, and premium market prices as buyers sought their higher-quality cotton. But they lost their organic certification in 2015 after a genetically modified cotton variety known as BT, promising higher yields and pest resistance, spread so widely across India that they could no longer buy indigenous seeds from dealers. Still the farmers stuck with natural growing methods to produce cotton sustainably, in a bid to meet growing demand from fashion brands that are increasingly adopting targets to cut climate-heating emissions in their value chains. According to the Confederation of British Industry, in 2020 sustainable cotton accounted for nearly 20% of the global cotton supply.

The Albanese government will supercharge its struggling 82 per cent clean energy goal by dramatically expanding its underwriting of green generation and storage, effectively replacing the Renewable Energy Target favoured by some wind and solar proponents.

The Nifty future closed positive with gains of 0.23% at 19886 levels on Wednesday. India VIX was down by 2.98% from 12.23 to 11.86 levels. Volatility slightly cooled off but has been hovering in a range. Positive setup was seen in stocks like BPCL, Aurobindo Pharma, Bharat Forge, Persistent, NTPC, Cipla, Bajaj Auto, Infosys, Power Grid, and Apollo Hospital etc.

revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of a strong volume growth, led by robust demand both in the passenger vehicle and commercial vehicle segments, besides a strong traction in the electric vehicle space. Profit growth, however, was robust for the sector, aided by the easing pressure on input costs.

Day trading guide for today: Following mixed trends in global market, Indian stock market ended mixed on Wednesday. Nifty 50 and BSE Sensex ended higher whereas Nifty Bank index finished in negative zone. The 50-stock index gained 28 points and closed at 19,811 levels whereas 30-stock index finished 92 points higher at 66,023 levels.

IREDA IPO: The initial public offering (IPO) of Indian Renewable Energy Development Agency Ltd opened for subscription on Tuesday. Three day subscription of the public issue will end on 23rd November 2023, which means investors have just one day in hand to apply for this public offer. As per the IREDA IPO subscription status, the public issue has been subscribed 4.56 times after two days of bidding.

stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient. Economic reports on jobless claims, durable goods, and consumer sentiment seemed to suggest the economy is easing but may stay strong enough to avoid recession. Data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week. Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy. Still, stocks have risen sharply in recent weeks on the view the Fed is done hiking rates. «Overall you have a solid backdrop to the market,» said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina. «The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market.» She said stocks tend to rise just before the U.S. Thanksgiving holiday and also rally heading into year-end.

markets were lulled by holidays in Japan and the United States on Thursday, leaving the U.S. dollar revelling in its gains after data that cast doubts over market projections for peak Fed rates. With markets shut in Japan and the United States for the Thanksgiving holiday, currencies barely moved and cash U.S.

Key Advisors Wealth Management co-founder and CEO Eddie Ghabour discusses the state of the consumer ahead of the 2023 holiday shopping season on 'Varney & Co.'

A jury has found ex-RCMP intelligence officer Cameron Ortis guilty of sending sensitive information to alleged criminals and money launderers in an unprecedented trial.

Unsecured retail loans are likely to see slower growth of 20-30% compared to 45% last year, as non-banking financial companies (NBFCs) alter their strategies due to the recent regulatory measures issued by the Reserve Bank Of India, said Crisil Ratings. «The recent regulatory measures are targeted at unsecured retail loans and do not impact the secured asset classes where growth is expected to be steady», said Gurpreet Chhatwal, managing director at Crisil Ratings.

RBI) Governor Shaktikanta Das Wednesday expanded the scope of his oft-repeated ‘Arjuna’ analogy to communicate that Mint Road considers not only inflation but also other factors as policy influencers while emphasising that he was not providing guidance about future actions. Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point. “I’m not giving any forward guidance or indication so far as the next monetary policy is concerned, which is coming up on December 8.

The head of the Bank of Canada says the “excess demand” that was fuelling inflation is gone from the economy.

ITC came out looking the best among Indian companies by healthiness score, followed by Hindustan Unilever, Nestlé India, PepsiCo India and Coca-Cola India. But that is really nothing to crow about. “The mean healthiness of companies’ products was found to be 1.9 stars out of 5.0 (the same as in 2020), with substantial variation observed between companies.

German automaker, Volkswagen (ETR:VOWG_p) revealed Wednesday its decision to increase salaries for production workers at its Chattanooga assembly plant in Tennessee by 11%. This announcement comes weeks after the United Auto Workers union secured substantial pay and benefit raises from the Detroit Three automakers.

MILAN (Reuters) — Euro zone interest rates are close to their peak in the current cycle or may have already reached it, European Central Bank Governing Council member Joachim Nagel said on Wednesday, adding data would determine whether they needed to rise further.

An Oklahoma pensioner is challenging a state law that targets financial firms, including BlackRock Inc. and JPMorgan Chase & Co., for their climate change policies.

Hackers are currently targeting a critical Apache ActiveMQ vulnerability to download and infect Linux machines with the Kinsing malware and crypto miner.