Page 9 - Gireesh Babu

I felt time was right for me to go: LVB MD & CEO Parthasarathi Mukherjee

Claims he resigned for personal reasons, adds that a new person at the helm may succeed where he failed

Unhappy with surcharge, private market investors bat for tax parity

Last Friday, the Union finance minister had cancelled the enhanced surcharge levied on long-term and short-term capital gain for FPIs, and for domestic portfolio investors

Amazon eyes expansion, launches largest delivery station in Tamil Nadu

The delivery stations enable Amazon Logistics to supplement capacity and provide flexibility to its delivery capabilities to support the growing volume of customer orders

Biocon's Malaysia arm gets good manufacturing certificate from EU regulator

The Malaysian facility was inspected in May 2019; it is Asia's largest integrated insulin facility and manufactures drug substance and drug products in vials, cartridges, and insulin delivery devices

Apollo Hospitals sees older hospitals' Ebitda growing to 25% in 3-4 years

Promoters say the plan to reduce pledged shares in the firm to 50% in a few months is on track

Slowdown impact: Ashok Leyland starts staff separation schemes to cut cost

The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market

Auto sector may start seeing growth between Jan and Apr 2020: TVS Motor CMD

TVS Motor Company Chairman and Managing Director Venu Srinivasan also said that there has been a significant cost increase from BS-III to BS-VI

Ads with a cause: Brands work their way on Independence Day, Raksha Bandhan

From consumer goods to fashion and lifestyle as well as aircraft manufacturers, cause-led advertising rules the day

Sun TV Network plans to invest Rs 150 crore into OTT content platform

Expects market slowdown to impact advertisement revenue

Floods and landslides to further impact plantation sector in Kerala

The damage to standing crops and infrastructure is very severe in Wayanad

ED attaches Rs 246 crore worth assets in 3 states related to gutkha scam

The ED alleged the accused in the illegal manufacture, sale and distribution of gutkha products of Tamil Nadu had earned a turnover of Rs 639.40 crore from June 2013 to June 2016

Strides Pharma announces JV with Chinese firm to launch its products

The development comes in the backdrop of the recent regulatory developments in China which has enabled fast track approvals of differentiated high-quality generics approved in key regulated markets

We expect L&T's Isro business to grow at least sixfold: J D Patil

Isro is going to ask private players to assemble small rockets right away, says the senior executive vice-president of L&T's defence segment

Govt intervention needed to save auto component sector jobs: ACMA president

Leading industry body head says the govt should intervene with measures like cutting the GST rate to 18% across the entire auto and auto component sector

NCLAT stays NCLT order approving Dhanuka Lab's resolution plan for Orchid

The CoC had selected the proposal of Dhanuka Laboratories and gone ahead with the voting even as Accord Life Spec approached the NCLT against CoC's decision

Humour helps brands ramp up digital miles but can also backfire: Experts

Apart from Star India and Chaayos, even Fogg has come for criticism for what has been called an inane attempt to be funny

South Indian Bank seeks approval from shareholders for share issuance

People in the know said the bank expects the fund raising to support its plan to grow its advances by 20%

Tamil Nadu will become first state to manufacture electric cars: Minister

State plans to attract companies that are moving out from China owing to the US-China trade war.

Indian Patent office turns down invention-related application of Facebook

'No novel and/or inventive hardware features are defined in the claims', said the patent office

Cognizant Technology appeals to larger bench of Madras HC on tax order

The court adjourned the matter for hearing on a later date, directing status quo till then