Page 24 - Ishita Ayan Dutt

Half a century on, Emami group to identify new sectors for growth

In the last 50 years, it has traversed the journey from a start-up cosmetics company with four products to more than 500 across a Rs 30,000 crore group with diverse business interests

Himadri in five years will be a totally different company: CEO Choudhary

"The existing business is growing, positioning Himadri among the top three players in specialty carbon black," he says

ITC to ramp up hotel room inventory by 50% in the next five years

The company, at its institutional investors and financial analysts day on Tuesday, said that it was targeting to reach 200 hotels

Import influx, post-festival slack in demand prompt steel price correction

According to market sources, steel companies have corrected the list price by 2-3 per cent for December to align with the levels at which the market was operating

Himadri Chemical to invest Rs 4,800 cr in Li-ion battery component facility

The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, catering to 100 GWh (gigawatt hour) of lithium-ion (Li-ion) battery

Steel firms to hike qtrly contract prices after downward revision earlier

Tata Steel, JSW Steel, ArcelorMittal Nippon Steel India and other producers settling contracts

UltraTech to buy Kesoram Industries' cement business in all-stock deal

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

Hospitality company Peerless Hotels eyes doubling of rooms over five years

Peerless would also look for partners so that the properties can be reached to different feeder markets

PCBL board okays buyout of Aquapharm Chemicals for Rs 3,800 crore

The transaction is subject to obtaining all necessary approvals and fulfilling other customary conditions, as specified in the terms and conditions of the SPA

Tajpur port project: Adani awaits LoA, Bengal seeks clarity on MHA nod

West Bengal Industry Minister, Shashi Panja, said that there was a provisional letter of intent (LoI), which was given to APSEZ (Adani Ports and Special Economic Zone) last year

RPSG Group's Nature's Basket adds luxury food retailing to its cart

"We will take the concept beyond Mumbai and Kolkata to Delhi and Bengaluru as well," Goenka said

WB receives investment proposals worth Rs 3.76 trillion: CM Mamata Banerjee

Addressing the valedictory session, Banerjee said that 188 memoranda of understanding (MoUs) and letters of intent (LoIs) had been signed

Coca Cola India in tie-up with Luxmi Group's Makaibari for iced green tea

The bottled iced green tea was formally launched on the second and concluding day of the Bengal Global Business Summit

Reliance Industries to pump Rs 20K cr more into Bengal, says Mukesh Ambani

Mamata invites industry to participate in Tajpur port tender

Adopted an asset-right model, not asset-light: Top ITC Hotels exec

Chadha said that the new company would have a strong, debt-free balance sheet, with marquee properties and good cash flows

Banks to revalue McLeod Russel's gardens amidst falling tea price

Promoters of the country's largest bulk tea producer had made a One-Time Settlement (OTS) offer of Rs 1,030 crore to lenders earlier this year against its entire outstanding loan and interest

Ramp-up, asset monetisation to help turn around fortunes of RINL

Rs 3,000-4,000 crore expected from sales

Tata Steel's global stride with new deal to aid Europe profitability

15 years ago, the global financial crisis set in and undid Tata Steel's best-laid plans in Europe. How far can the new deal help?

In India, just asset-light model doesn't work: IHCL's Puneet Chhatwal

A combination of asset-light and asset-heavy is the right formula, driving absolute returns in its owned portfolio where the operating leverage is currently higher, he said

Steelmaker AM/NS India's Ebitda up 161% on higher shipments, lower costs

Shipments were 11.6% higher at 1.9 million tonnes compared to 1.7 mt in the previous quarter