Hospital group Max India said it has sold 200 out of the 340 apartments coming up at Noida Sector 150 dedicated to seniors. The Antara Noida project, which was launched last year, will be ready for possession in 2024. This is the second such dedicated living quarters designed for elders created by the company, with […]
Hero MotoCorp, the world’s largest two-wheeler maker, said a delay in the onset of rains this year hurt demand for motorcycles and scooters in India’s rural areas, but there have been signs of revival in recent days as the harvest process got underway. The company, which makes among the world’s most cost-effective modes of getting […]
Dixon Technologies, one of the rare success stories of India in electronics manufacturing, said it has started making fully automatic washing machines. The appliances are being made for BSH Household Appliances Private Ltd, the local unit of the global giant that owns brands such as Bosch. Manufacturing has been started at Dixon’s Tirupati factory. Before […]
V2 Retail, one of India’s largest value retail chains specializing in fashion and items of daily use, reported strong sales growth for July-September, and said the festival season this year has so far been better than pre-pandemic levels. Outside travel, tourism and entertainment sectors, the company had been one of the worst hit by the […]
Medical devices and chemicals manufacturer Morepen Laboratories reported a strong increase in revenue and profitability, as demand for its home diagnostic equipment such as glucose meters shot up in the aftermath of the COVID-19 pandemic. The company’s revenue for the Jul-Sep period jumped by 17% on year to Rs 398 cr, while net profit jumped […]
The 102-year-old Birla Corporation, one of the oldest companies in India and one of its largest cement and jute producers, said the sharp rise seen in commodity prices in recent months and an extended monsoon hurt its margins during the Jul-Sep period. The company’s operating profit or EBITDA — a measure of profit that excludes […]
In an unexpected announcement, Dish TV India Ltd, one of India’s largest TV channel distribution platforms, said its board of directors have called the company’s annual general meeting on the last day of this month. The announcement is unexpected given that the board had, a week ago, decided to seek government approval to postpone the […]
Adding another dimension to the legal battle over the impending extraordinary general meeting called by Dish TV’s largest shareholder YES Bank, the DTH operator said a local office of Uttar Pradesh Police has asked the company to ensure that YES Bank does not deal in or liquidate its Dish TV shares, pending an investigation by […]
Sun TV Network, the second biggest home-grown entertainment broadcaster, reported a sharp jump of 40% in its ad revenue during the July-September period compared to the preceding three months as ad spends normalized rapidly after the second wave of COVID-19. Compared to the same three months of last year too, ad revenue was up by […]
Polycab India Limited, one of the best performing mid-sized companies in India and a maker of electrical goods, said it has decided to sell its copper rod manufacturing business to metal refiner Hindalco Industries, part of the Aditya Birla group of companies. Polycab said it decided to take this step as Hindalco would be better […]
Parag Milk Foods Ltd, India’s largest dairy-focused consumer goods brand, said sales of some of its key products has reached pre-pandemic levels, but sales of liquid milk are half their regular volume. The company, which was hit by the COVID-19 pandemic both because of logistical disruptions as well as a dip in consumer demand, reported […]
Tata Motors again surprised on the upside with its excellent performance as far as October auto sales are concerned, even as market leader Maruti Suzuki faced yet another month of depressingly poor sales in its core hatchback segment. Mahindra & Mahindra, meanwhile, beat the blues thanks to strong demand for its newly launched XUV700 model. […]
Exide Industries, one of India’s oldest automotive battery companies, reported a strong increase in revenue for the September quarter, but an equally significant jump in the cost of key raw materials prevented any benefit of the higher sales from flowing to the company’s bottom line. The company’s operating revenue jumped Rs 4,758 cr from Rs […]
Kolte-Patil Developers reported a strong second quarter for the financial year, as the real estate recovery seen in earlier quarters continued apace. The company’s collections — a measure of the cash it managed to collect from buyers — zoomed 86% compared to the COVID-ravaged second quarter of last year, and was up 34% compared to […]
Larsen & Toubro, India’s largest construction company, said it won a contract from the union government to build three 10-storeyed buildings that form part of the new central secretariat. The union government is current redeveloping the central vista — the hub of administration in India that houses most of the major ministries and departments of […]
Titan Co, India’s largest branded jewelry chain, reported a whopping 77% jump in its jewelry sales for the three months ended September, compared to the same period last year. Some of the growth was due to the low-base effect. During the same period of last year, most of Titan’s showrooms were either closed or operating […]
Havells India, one of the country’s largest electrical equipment makers, said it expects organized players such as itself to benefit as raw material price increases put pressure on unorganized players. The company, a prominent player in the switchgear, wire and lighting segments in India, also said that demand for electrical goods in India is on […]
Hindustan Media Ventures, the HT Media subsidiary that runs Hindustan — one of India’s largest newspapers — said it has decided to bid for an IPL team in the ongoing auctions. With this, Hindustan Media Ventures joins a longish list of companies interested in owning the two new franchises. Companies who win the auction will […]
Cadila Healthcare, also known as Zydus Cadila, said it has started enrolling patients in a trial that can potentially yield the first FDA approved treatment for NASH or non-alcoholic fatty liver disease with inflammation. Fatty liver disease, caused by the deposition of fat in the liver, is divided into alcohol-related and non-alcohol related. Within non-alcoholic […]
Two weeks after announcing that it plans to invest more and more in developing ‘computer controlled vehicle technology’, Pune-based embedded software company KPIT Technologies has announced a tie-up with ZF, a €33 billion German automobile technology provider. KPIT Tech said it will develop software for next-generation, automated vehicles with ZF, which is based in Munich […]
