Value e-commerce platform Meesho reported a 54% year-on-year (YoY) decline in its consolidated net loss to Rs 132.8 crore for the quarter ended June 30, (Q1 FY27), compared to Rs 289.4 crore in the corresponding quarter last year.
Business News
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Vishal Mega Mart reported a 25.6% year-on-year (YoY) increase in its consolidated profit after tax (PAT) to Rs 258.8 crore for the quarter ended June 30, (Q1 FY27), compared to Rs 206 crore in the corresponding quarter last year.
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Sanathan Textiles Ltd., an integrated manufacturer of polyester filament yarn, cotton yarn and technical textiles yarn, is set to double the technical textiles yarn manufacturing capacity at its Silvassa facility from 9,000 metric tonnes per annum (MTPA) to 18,000 MTPA, with commercial production scheduled to begin in August.
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Trent, the Tata Group's fashion and lifestyle retailer, has secured shareholder approval to raise up to Rs 2,500 crore to accelerate growth initiatives.
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Among the States, Maharashtra leads with seven approved projects, followed by Tamil Nadu (six), Delhi (five), Gujarat (four) and Uttar Pradesh (three). Karnataka has secured two projects, while Andhra Pradesh, Punjab, Rajasthan and Uttarakhand have one approved project each.
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Shoppers Stop reported a narrower consolidated net loss of Rs 14.25 crore for the first quarter ended June 30, 2026 (Q1 FY27), compared to a loss of Rs 15.74 crore in the corresponding quarter last year.
