News stories about "business" in India.

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Patanjali Foods to buy Patanjali Ayurved's home and personal care business for Rs 1,100 crore

New Delhi [India], July 1 (ANI): The board of Patanjali Foods Limited on Monday said it has approved the proposal of Patanjali Ayurved Limited to acquire its home and personal care (HPC) business. This, it believes, will accelerate the company’s transition into a leading FMCG company. Show Full Article The home and personal care business […] Key Points

ThePrint

DPIIT seeks industry inputs to reduce compliances, improve business ease

The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh chaired a meeting discussing various initiatives to enhance ease of doing business. These include Jan Vishwas 2.0 aimed at reducing compliance burdens and criminalisation of laws. The meeting also focused on preparations for the World Banks upcoming B-READY index, which will assess regulatory frameworks and public services for firms. Key Points

Economic Times

From Bikaner to Blackstone: The success story of humble Haldiram's

Since 2016-17, several private equity firms including General Atlantic, Bain Capital, Capital International, TA Associates, Warburg Pincus, Everston have been talking with the Agarwal family for a minority stake or a controlling one. Haldiram's journey from humble beginnings with a bhujia recipe to a billions-dollar empire is the stuff of business legends. Key Points

Economic Times

Godfrey Phillips to exit from retail sector, put 24Seven biz on block

Cigarette maker Godfrey Phillips India on Friday said it had decided to exit from its loss-making retail... Key Points

The Tribune India

business schools are going all in on AI

American University and other top M.B.A. programs are reorienting courses around artificial intelligence. “It has eaten our world.” Key Points

mint

Is all the bad news and views priced in ? 4 stocks from the natural gas sector for contrarian trade.

Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system. Key Points

Economic Times

Taking a personal loan for your business? Here are its pros and cons

While many personal loans offer flexibility in fund usage, opting for this route is generally not the most advisable choice. Prospective borrowers should prioritise exploring business loan options first. Key Points

mint

ET maintains top spot in February 2024 in business & financial news segment

In February 2024, Comscore data reaffirmed EconomicTimes.com's status as the top Indian website choice globally for individuals seeking business, market, and financial news, with 31.53 million Unique Visitors from India and the USA. Key Points

Economic Times

Stocks in news: Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates

Global rally prompted a surge in domestic equities after US central bank hinted at rate cuts. Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates, JSW Energy, Ambuja Cements, Sanghi Industries, RIL, Vedanta, Paytm, Tech Mahindra, Paradeep Phosphates, Maruti Suzuki, RVNL in focus. Key Points

Economic Times

Makeover of business administration: Indian B-schools adapt for tomorrow's challenges

While the charm of MBA is fading globally, Indians are still in a mad rush for it. The leading B-schools in the country are reimagining the course to fit the future of business. Key Points

Economic Times

For risk takers with long-term perspective: 5 midcap stocks with upside potential of up to 47%

Now that sensex has turned negative for 2024, focus will shift on how the returns. The narrative will focus on how returns and how the valuations are expensive. Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap. At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. If by next month, markets are rallying once again, then all this talk about valuation will go away in thin air. Key Points

Economic Times

Guy Ritchie’s The Gentlemen on Netflix: 2 key money lessons to learn from the series

British soldier Edward Horniman inherits a Dukedom, but gets entangled in shady family business involving weed cultivation. Facing debt and threats, he struggles to break free. Lessons on family businesses and investing are highlighted in this Guy Ritchie’s The Gentlemen series on Netflix. Key Points

mint

Learn to live with volatility: 5 largecap stocks from different sectors with upside potential of up to 32%

On days like Yesterday, when bears don't make any distinction between large or mid or small cap stocks they just crush everything, it might appear that there is no point in making a distinction between these segments of the market. But the fact is it is a day like yesterday which is a reminder of many basic things which one should remember before taking any investment decision in equity. First and foremost, after buying a stock you will own a business and what business you own is more important than what is happening to nifty or any other indices. Second, if you are a real long term investor then days like Wednesday should not bother you as they have come in the past and they will come in future also. What one should look for is whether the underlying business is witnessing any change or not and whether that change is positive or negative for the business. Last but not the least, do your homework before investing and not after investing. Key Points

Economic Times

Going premium in personal care helps ITC boost sales

Indian company ITC has shifted its focus to premiumizing its personal care business, doubling its contribution to sales to 38% in the last four years. This has helped ITC break even in the personal care business, which now generates profit consistently quarter on quarter. The company operates in categories like body wash, deodorant, skin care, and floor cleanser, which is the second critical piece of its strategy to grow the non-cigarette fast-moving consumer goods (FMCG) segment. Key Points

Economic Times

Restructuring of Tata Motors: Will these 7 auto companies be forced to follow the same path sooner or late

The moment Tata Motor raised money from a private equity fund for its EV part of the business it was apparent that sooner or later, the demerger of EV business is bound to follow. But it will come so soon is not something which the street was expecting. Why was the demerger imminent? Not only because there is a PE player who wants to have a road map for the exit even before investing. The other simple fact is that there is no sense in having a single entity for two businesses which are different from the word go. While it might appear that Tata Motors is restructuring the business due to vast differences in the two segments. The fact is that very soon, the difference between the traditional ICE vehicle business and the EV business of even two-wheeler maker or a passenger car maker would also get highlighted and would have a negative impact on the the valuations. So don't be surprised if the large auto players get into mode of restructuring the business to protect both the value and valuations. Key Points

Economic Times

Tata Motors demerger: Should you add or just hold on? Gurmeet Chadha answers

Gurmeet Chadha suggests Tata Motors could tap into the current upside, but long-term value will come from the PV and EV businesses. The Zee story faces confidence issues and needs a strong partner. Responsible growth is essential in the gold loan space. Bajaj Finance is a promising player in the consumption trend. Key Points

Economic Times

For a demerged Tata Motors, sum of parts will be greater than the whole

Under Tata Sons Chairman N Chandrasekaran, the conglomerate plans to halve the number of listed companies. Tata Motors is demerging into two separate entities for commercial vehicles and passenger vehicles to make the governance and management of group companies lighter and more effective. Key Points

Economic Times

Tata Motors' board approves demerging CV, PV businesses into two separate listed companies

Tata Motors' board approved the demerger of its business into two entities: commercial vehicles and passenger vehicle business. This follows the earlier subsidiarization of PV and EV businesses. The move aims to empower businesses for higher growth, agility, and accountability. The demerger will be implemented through an NCLT scheme, requiring approvals from the board, shareholders, creditors, and regulators. Key Points

Economic Times

King's business School lines up a slew of initiatives for Indian students

Recent data from the Universities and Colleges Admissions Service (UCAS) showed a decline in applications from Indian students to British universities this year. While overall international applications saw a slight increase of 0.7%, applications from India witnessed a 4% drop, according to the data released last month. However, at King's business School, applications and intake from India have been stable. For the last two years, incoming India-domiciled students account for 12% of all student enrolments. Key Points

Economic Times

Tata Sons chairman N Chandrasekaran to receive MMA Amalgamations business Leadership Award

India business News: Tata Sons chairman N Chandrasekaran will receive the 20th Madras Management Association Amalgamations business Leadership Award, the MMA said in a statement on Monday. The award ceremony will be held in Chennai on February 28. This distinguished award is being conferred on Chandrasekaran in recognition of his exceptional leadership at Tata Sons, characterized by strategic growth, innovation and an unwavering dedication to ethical business practices. Key Points

Times Of India

Recession impact: Japan's February factory activity extends declines

Japan Recession: The flash au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 47.2 in February from 48.0 in January. Key Points

Hindustan Times

Our systematic way of improving the systems has led NPA to come down to 1.52%: Pradip Kumar Das, IREDA

Pradip Kumar Das, CMD of IREDA, discusses the company's role in the PM solar rooftop programme and its foray into the retail business. He emphasizes the importance of a sensible and qualitative business, reducing NPAs, and supporting emerging sectors for the maturity of the renewable energy industry. He is confident that he is confident IREDA is going to have quite a good fair amount of share in that retail space. Key Points

Economic Times

India's Jan services PMI hits 6-month high amid strongest upturn in new business since mid-2023

New Delhi, Feb 5 (PTI) The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI business Activity Index rose to 61.8 in January, […] Key Points

ThePrint

In auto, prefer two-wheelers; Hero Moto top pick: Siddhartha Khemka

Sun Pharma reported better-than-expected earnings with EBITDA margins beating expectations. The stock reacted positively to the news. Voltas had weak performance, particularly in the project business, but the market reacted positively, possibly due to short covering. Blue Star, on the other hand, had strong results and a positive outlook. Battery companies like Exide and Amara Raja are showing good traction, but we have a neutral rating on them and prefer to invest directly in the OEMs. Our top picks are two-wheelers, with Hero Moto leading the pack. Key Points

Economic Times

Empowering India & the world: The Economic Times remains the undisputed leader in business & financial new

In December 2023, The Economic Times website emerged as the top choice for business, markets, personal finance, and economy news, with 32.86 million unique visitors in India and the USA, according to Comscore data. Key Points

Economic Times

TCS looks to double staff in France over next three years

India business News: TCS aims to double its staff in France over the next three years, driven by strong business growth. With over three decades of presence in the country, TCS considers France as one of the fastest growing markets in Europe. Key Points

Times Of India

Sectoral tailwinds and stronger balance sheets: 5 largecap stocks with right mix of two important ratios

There are some sectors where large players have an edge, because the nature of the business is such that there are phases where ability to stay in the game and cash on the balance sheet matter most. When the tide turns in favor of that sector, these large companies are able to make most of it. One sector which has gone through a phase of realignment of business and readjustment of valuations for many years and has once again come in limelight is the pharma space. Right from ability to deal with USFDA, not rely just on product segment to how to deal with uncertainty of supply chain which is dependent on China, Indian pharma companies have come a long way. Key Points

Economic Times

RIL Q3 result preview: PAT, revenue likely to see modest growth YoY on weak O2C show

RIL Q3 result preview: Consolidated revenue of RIL is likely to rise 5% YoY to Rs 2.31 lakh crore, but fall about 2% sequentially, according to the average of estimates given by nine brokerage firms. Key Points

Economic Times

India-Maldives row: EaseMyTrip offers discounts on NATIONFIRST and BHARATFIRST codes

The discount came amid the row over Maldives leaders' derogatory posts on Prime Minister Narendra Modi last week. Earlier, Nishant Pitti, had announced the suspension of all Maldives flight bookings following the controversy. Meanwhile, traders' body CAIT has also called upon domestic traders and exporters to refrain from conducting business dealings with the island nation. Key Points

Economic Times

Tata Motors reshuffles key executives in passenger vehicle business

As part of the changes, Amit Kamat, general manager of the passenger vehicle business, has been elevated to chief commercial officer, TMPV. In his new role, he will oversee marketing, brand and customer experience for the fossil fuel-based business. All the operational heads directly responsible for these functions will report to him. Key Points

Economic Times

India’s services PMI ends 2023 on a high note; rises to 59.0 in Dec from 56.9 in Nov

India's services PMI rose in December on the back of strong demand that spurred sales and fuelling business activity. Job creation extended into the 19th successive month, while business optimism strengthened. Key Points

Business Today

Allcargo in last step of restructuring that has been going on for last 3-4 years: Ravi Jakhar

Ravi Jakhar says: “Until the Red Sea disruptions get diffused, we will have to route the sailings via Cape of Good Hope, which means additional transit time, somewhat additional costs, and there would also be a bit of an increase in the war risks surcharges as the insurance costs go up. So, there will be a bit of a cost escalation. But from a volume standpoint, we do not see much impact.” Key Points

Economic Times

Rates trending down from next year will be good for us: Vikas Goel, PNB Gilts

“Inclusion in the JP Morgan bond index will mean that the flows from there are view agnostic. So whether rates are going up or down, we will see the flows come in. Quite apart from that will be the monetary policy moving from a tight monetary policy to a much easier monetary policy. It looks like next year these are the two major events we need to watch out for in 2024.” Key Points

Economic Times

Tally launches its latest offering for south India from Vizag

Tally Solutions launched TallyPrime 4.0 in Visakhapatnam, aiming for 50% customer base growth and a 40% annual growth rate. The software brings intuit Key Points

Times Of India

India Shelter Finance IPO: Check out 10 key risk factors from RHP before investing

The ₹1,200 crore initial public offering (IPO) of housing finance firm India Shelter Finance is scheduled to open today, Wednesday, December 13, and close on Friday, December 15. Here are the top 10 key risk factors mentioned in the India Shelter Finance IPO RHP. Key Points

mint

ITC consumer goods margins jump, launches 300 items in 3 years

In 2022-23, the company’s packaged consumer goods business comprising brands such as Aashirvaad atta, Sunfeast cookies, Fiama soaps, Engage deodorants, etc. reported revenues of ₹19,123 crore. Key Points

mint

Citi's 2023 revenue expected to be at lower end of forecast, CFO says

Citigroup's (C.N) full-year revenue is expected to be towards the lower end of its previous forecast, at around $78 billion, Chief Financial Officer Mark Mason said at a conference on Wednesday. Key Points

Reuters

Manipal Tech, India's largest banking & smart cards manufacturer, looks to raise Rs 1,000 cr

​Initially, this proposed transaction will give an exit to a few minority shareholders - family members who own about 20% stake in the parent company MTL. Besides the secondary stake sale, about 5-10% primary shareholding will be sold to meet expansion plans, sources aware of the initiative told ET. Key Points

Economic Times

Revenue growth, operational excellence, cost management & productivity top priorities for Piramal Pharma:

“Piramal Pharma started with the values of knowledge, action, care, and impact. Those values are still very much part of us. Piramal groups purpose is doing well and also doing good. As a pharma company, one of the things that we put at the centre of what we do is both patients and consumers.” Key Points

Economic Times

Trailblazer Elon Musk pushes a profane new frontier

Elon Musk is keen to achieve what no business leader has done before, from mass-producing electric cars to developing reusable space rockets. Now he is blazing another trail most chief executives have avoided: the profane insult. Key Points

Reuters

Aster DM to tap private equity investors for its India business

We are getting a lot of inbound interest from investors in the last six months; now it has increased, Dr. Azad Moopen, chairman of Aster DM Healthcare, said in an interview to ET. The active work on this will happen once the transaction (business sale in the GCC countries) is completed. We are looking for the best PE or investor who is ready to align with our plans, Moopen added. Key Points

Economic Times

Unacademy seeks online, offline CFOs to fuel growth

Unacademy is in talks with Pratik Dalal, the finance head of Cred, to join as the CFO of its offline business. The company is looking to have two CFOs—one for its offline business and one for its online and other businesses. Key Points

mint

Amazon business looking to offer multiple licence options at signup

Amazon business is the B2B offering of Amazon India that provides its business customers with access to products with a GST invoice allowing them to take input tax credit. These customers also get business-exclusive deals and quantity discounts on products, as per its website. Key Points

Economic Times

There is no shareholder representation on Religare board; the idea is to create value, not destroy it: Moh

“We have to be very careful in what categories we enter because I still want Eveready to be a B2C business, which we are good at running. All our businesses are B2C businesses. And plus we want to get into categories which now do not have very strong sort of players.” Key Points

Economic Times

Leadership Redefined: Dr. Ram Charan's Impact on Global Business

For those seeking a direct engagement with Dr. Ram Charan and a chance to apply his strategies to resolve their business challenges, the upcoming Digital Transformation Strategy Masterclass is a rare opportunity. Key Points

Economic Times

I met my boyfriend on a LinkedIn group. We were long-distance for 11 years and just bought a house together.

When I joined a LinkedIn work group, I wasn't looking for love. I started chatting with another business owner and we had a long-distance romance. Key Points

Insider

Kate Middleton's family firm collapses, parents plan to scrap future business plans

Due to the family business collapsing with nearly €2.6 million in debts, Kate Middleton's parents have decided to scrap future business plans. Key Points

Firstpost

Looking into FY25, Nazara Technologies has a very good base to launch more aggressive growth: Nitish Mitte

“In the medium to long term, we are aiming to get our gaming margins above 25%. The right range is 25-30% and that is what we will keep striving for. Our e-Sports business remains a strategic business for us, therefore, our focus is not so much on margin expansion but building strategic moats.” Key Points

Economic Times

JB Pharma has ₹1,500 cr for buys: CEO

JB Chemicals and Pharmaceuticals plans to invest ₹1,500 crore in acquisitions to grow its India and contract development businesses. The company aims to increase the contribution of these businesses to 80% by FY27. Key Points

mint