Page 38 - Ishita Ayan Dutt

Ahead of festive season, Amazon, Flipkart scale-up facilities across India

E-commerce firms such as Amazon, Flipkart, and others witnessed blockbuster festive season sales of about $9.2 billion last year

Flipkart prepares for its biggest ever BBD, ramps up infra, hiring

May get 40-50 mn new users mostly from tier-3 and 4 towns; Flipkart also has operating warehousing space of 21 mn sq ft to enable faster deliveries

AM/NS India to acquire infra assets from Essar Group for $2.4 billion

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

Re-examine financial sector architecture to build MSMEs better: Pronab Sen

According to Sen, the relationship between a bank and NBFC needs to be not of a borrower and a lender as it is today, but that of a partner

E-commerce firm Meesho eyes to become profitable in 1-2 years: Exec

The target comes at a time when funding for start-ups is in the slow lane

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

Nepal brews a fresh crisis for Darjeeling tea with cheaper leaves

A notification banning blends of imported tea in GI-tagged teas has almost pushed Tata Consumer Products, the biggest buyer, out of the market

Stakes rise for bauxite blocks in Odisha on Adani Group's entry

In the aluminium sector, as things stand, Hindalco and Nalco are the only players that are completely integrated -- from bauxite to alumina to aluminium

Adani Group plans to step up aluminium play, may go for production

India is a net importer of alumina. But the Adani refinery is likely to make the country a net exporter

Shree Cement 'very bullish', setting up new factories: MD Bangur

Adani Group's entry in sector creates competition but doesn't change sector's plans radically, he says

Proposed carbon credit mandate to open green avenues for industry

Market expected to grow to $200 billion; industry awaits further clarity on rules

Berger Paints hopes to close FY23 with Rs 10K-cr sales amid strong demand

Despite inflationary headwinds, Berger Paints posted its best ever quarterly sales in Q1 of FY23 in terms of volume and value

NCLAT stays NCLT order terming allotment of shares in Peerless 'void'

About 30,000 shares of Peerless had been issued to friends, relatives and nominees of the Roys, promoters of Peerless, in 1988 following an annual general meeting

Tata Steel Europe: A tale of 2 plants and their transition to green future

Both the Netherlands and UK facilities have turned around but the transition to a green steel future may differ

ITC sees broad-based growth, net profit rises 34% to Rs 4,389 crore

The performance of ITC in the June quarter reflected normalisation of business activity across segments

Anand Burman takes charge as non-executive chairman of Eveready Industries

In Eveready, the current holding of the Burman Group stands at 38.3%

Consumer firms hint at a breather from price hikes as costs decline

According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12

Deadline for Srei resolution extended for third time, new date is Aug 10

RBI superseded group firms in October 2021 over governance concerns and payment defaults

AM/NS India Ebitda declines 39.9% in June quarter on lower shipments

Reports steel shipments of 1.51 MT in quarter, compared with 1.72 MT a year ago and 1.73 MT in previous quarter

We invested, supported our UK biz for a long time: Tata Steel's Narendran

'The UK business has come a long way. Today, it is Ebitda positive and cash positive'