Consumers Cease Q2 internet loss at Rs 3.68 cr; gross sales up two-fold to Rs 642 cr

Retail chain Consumers Cease Ltd on Wednesday reported narrowing of its consolidated internet loss to Rs 3.68 crore for the September quarter, helped by a comeback in gross sales.

The corporate had posted a internet lack of Rs 97.70 crore within the July-September interval a 12 months in the past, Consumers Cease mentioned in a regulatory submitting.

Income from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore within the corresponding quarter of the earlier fiscal.

Whole bills have been at Rs 714.25 crore, up 45.06 per cent from Rs 492.36 crore earlier.

Consumers Cease MD & CEO Venu Nair mentioned, “The demand postponement triggered by the second wave of the pandemic witnessed a powerful comeback in Q2.”

“Whereas July was muted with a number of lockdowns and Maharashtra fully closed, August and September witnessed a pointy restoration. Our gross sales greater than doubled and EBITDA quadrupled towards final 12 months,” he famous.

Furthermore, the festive gross sales have been extraordinarily reassuring, he mentioned, including gross sales recovered greater than 100 per cent in East, adopted by North.

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Solskjaer Fires Again On Ronaldo’s Critics After Champions League Victory

Manchester United supervisor Ole Gunnar Solskjaer has had sufficient of the Cristiano Ronaldo slander.

Talking to the media after a comeback victory over Atalanta within the backend of the primary leg of the UEFA Champions League group stage, the Norwegian supervisor had a message for the Portuguese ahead’s critics.

“If anybody desires to criticize him for [his lack of] effort and work-rate simply watch this recreation. Watch how he runs round. He did every part a center-forward ought to do, main the road and defending and naturally, [scoring] the purpose is simply what he does higher than most,” a jubilant Solskjaer mentioned.

It appeared as if Ronaldo himself heard the criticisms hurled his means and responded accordingly by pushing his 36-year-old legs to dash and make himself helpful off the ball.

He ran across the pitch, stopped the run in addition to he may and led the assault, resulting in a number of scoring alternatives all through the match.

Manchester United followers discovered themselves sinking into their seats after seeing their aspect go down two objectives within the first half to Atalanta.

The Pink Devils got here roaring again after the halftime break with Marcus Rashford breaking away from the

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PM Modi meets international oil executives, urges to spice up native manufacturing

India desires to extend home oil and fuel manufacturing after it has undertaken reforms within the sector to draw funding. This comes at a time when the nation’s crude oil import invoice has zoomed over 3x, in contrast with 2020-21 when oil costs breached $85 per barrel.

Prime Minister Narendra Modi on Wednesday met round 30 senior executives from international oil majors and urged them to spice up India’s native manufacturing.

An official assertion stated the interplay was attended by trade leaders, together with Igor Ivanovich Sechin, chairman and chief govt officer (CEO), Rosneft, Amin H Nasser, president and CEO, Saudi Aramco, Bernard Looney, CEO, BP, Olivier Le Peuch, CEO, Schlumberger, Mukesh Ambani, chairman and managing director, Reliance Industries, and Anil Agarwal, chairman, Vedanta, amongst others.

Daniel Yergin, vice-chairman, IHS Markit, was among the many international oil trade specialists current on the interplay.

Modi listed the upstream oil and fuel reforms undertaken within the final seven years. An official assertion stated these included ones in exploration and licensing coverage, fuel advertising and marketing, insurance policies on coalbed methane, coal gasification, and the current reform

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