In the pantheon of Indian industry, Ratan Tata stands as a colossus, his influence stretching far beyond the boardrooms of the Tata Group. Yet, to truly understand the man behind the monumental decisions that shaped one of India’s largest conglomerates, we must turn to those who worked alongside him. Through their memoirs, interviews, and personal […]
Radio City, an Indian radio station, has partnered with technology company Beatchain to launch “Muzartdisco,” a new platform aimed at independent musicians. The platform was introduced at the ‘All About Music’ conference in Mumbai on August 6, 2024. Muzartdisco utilizes Beatchain’s technology to provide tools for music distribution, promotion, and marketing. The platform allows artists […]
In a significant legal victory for the food industry, the Supreme Court of India has upheld a lower court’s decision in favor of Daawat Foods Ltd., a material subsidiary of LT Foods Limited, in a long-standing insurance claim dispute. The case, which dates back to a devastating fire incident in 2014, has finally reached its […]
In a move that underscores the aviation industry’s growing focus on sustainable fuel alternatives, Rolls-Royce and Tata Consultancy Services (TCS) have announced a collaboration to research hydrogen fuel system technology for aircraft. The partnership, revealed at the Farnborough International Airshow, aims to address key challenges in developing hydrogen as a viable zero-carbon aviation fuel. Hydrogen […]
Larsen & Toubro (L&T), one of India’s leading engineering and construction conglomerates, has announced a significant new order win from the Oil & Natural Gas Corporation (ONGC). The L&T Energy Hydrocarbon (LTEH) vertical has been awarded a contract for the eighth phase of ONGC’s Pipeline Replacement Project (PRP-VIII Group B) off India’s west coast. The […]
Manorama Industries Limited, a global leader in the production of specialty fats and butters, has announced the commencement of commercial operations at its new fractionation plant. This expansion marks a significant milestone for the company, substantially increasing its production capabilities and positioning it for strong growth in the coming years. The state-of-the-art facility, which began […]
India’s leading IT services companies, TCS, Infosys, and Wipro, are treading cautiously on demand from the US, despite rising optimism about the US driving stock markets there to all time highs. The management teams of these IT giants remain guarded in their portrayal of the situation and demand in their largest market, emphasizing the need […]
India’s leading IT services companies, TCS, Infosys, and Wipro, find themselves at a critical juncture as the rapid rise of generative AI and its potential to disrupt traditional business models casts a shadow over the industry’s future. While the management teams of these IT giants paint a picture of resilience and opportunity in the face […]
The Supreme Industries Limited (Supreme), India’s leading plastics product manufacturing company, announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2024. The company reported impressive growth in sales volume, revenue, and operating profit, despite challenges posed by the global economic slowdown. Financial Highlights: The company’s Board of Directors […]
Paytm Payments Bank Ltd (PPBL) has reconstituted its board of directors by appointing four new independent directors, days after regulatory action by the Reserve Bank of India (RBI). The new appointments come weeks after the RBI barred PPBL from onboarding new customers and directed it to stop taking fresh deposits from existing customers over violations […]
Fali S. Nariman, one of India’s most eminent constitutional lawyers and a champion of civil liberties, passed away today at the age of 96. Known for his unparalleled knowledge of constitutional law and renown as an advocate, Nariman had a legal career spanning over six decades. Born on August 10, 1929 in a Parsi family […]
As Kolkata-based retailer Spencer’s Retail charts its recovery, the company has turned its attention to aggressively expanding its presence in select regional strongholds. After rationalizing its pan-India store network over the past few quarters, Spencer’s has now outlined detailed plans to zone in on three key geographical clusters for growth – Eastern UP, West Bengal, […]
India is again seeing an outbreak of farmer protests over demands for minimum support prices for farmers. Many economists and experts have called MSPs an outdated mechanism to provide pricing and income support to farmers and protect them from sharp fluctuations in the market. We examine the experiences and lessons learnt by other countries that […]
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) reported a significant decline in profitability margins during the latest December 2023 quarter due to industry-wide disruption stemming from a change in government policy. The company’s operating margins crashed to 6-7% in the first 9 months of financial year 2023-24, down from 18% in the same period […]
Mumbai-based Flair Writing Industries Limited (FWIL), one of the leading players in the writing instruments industry, reported a muted third quarter, blaming disruptions in some of its export markets for the decline in revenue and profit. For the third quarter ended December, the company posted consolidated revenues of Rs. 225 crores, down 3% year-on-year. Net […]
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today reported strong financial results for the third quarter ended December 31, 2023. Hero MotoCorp has been recovering well after pandemic-related disruptions. After decline in sales in 2020 and 2021 due to COVID-19, the company witnessed recovery in 2022 selling over 50 lakh units. Healthy […]
Key Highlights of RBI’s Latest Monetary Policy: Reserve Bank of India (RBI) Governor Shaktikanta Das today indicated that the central bank may have reached the end of the current rate hike cycle after leaving the key policy rate unchanged in a split decision following the Monetary Policy Committee meeting. However, he stressed that policymakers need […]
The Reserve Bank of India on Thursday decided to keep policy rate unchanged for the sixth time in a row as it maintains a tight vigil on inflation. This decision comes after an aggressive rate hike cycle that started in May 2022 in response to high inflation. The rate increase cycle was first paused in […]
Kansai Nerolac Paints Ltd (KNPL) today reported strong growth on several fronts during the Oct-Dec quarter despite a challenging economic environment, including slow demand from rural areas. Net revenue for the quarter rose 5.7% year-on-year to Rs 1,814.9 crores. EBIDTA jumped 27.3% to Rs 239.9 crores while profit after tax surged 40.4% to Rs 157.6 […]
Som Distilleries & Breweries Ltd is gearing up for major expansion of its business, riding the consumption boom in beer in India with its Woodpecker and Hunter brands. In keeping with its ambitious targets, the company reported robust 67% year-on-year volume growth in its beer portfolio during the third quarter of FY2024. Total beer sales […]
