Page 43 - Ishita Ayan Dutt

Eveready gets a new joint managing director in Suvomoy Saha

The move comes more than a year after the Burman family - promoters of Dabur India - became the largest shareholder in Eveready with a stake of 19.84%

JSW rolls out across-the-board stock options for steel and energy employees

ESOP to cover 15,000 staff for all grades including workmen, junior, middle, senior management and business leadership

Tea companies may post better returns than 2019 despite drop in prices

Last year, companies reported higher profits even on lower volumes due to a rally in tea prices. But the fall in prices seen from June may impact margins

NCLT admits application for initiating CIRP against McLeod Russel

Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates

Back to old normal: Robust demand propels metals to pre-Covid levels

In the third instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Ishita Ayan Dutt looks at India's metals industry

ArcelorMittal Nippon Steel India EBITDA jumps 450% to $607 million

The company said Q2CY21 crude steel production remained stable at 1.8 million tonnes despite Covid-19 headwinds

JSW Paints eyes 10% mkt share, spot among top-three paint players by 2025

At present, JSW Paints has a market share of 1.5 per cent in the decorative segment and is targeting 3-4 per cent by the end of this fiscal

'Next quarter, there will be a boom in steel demand': JSW Steel Joint MD

Investment in infrastructure by various governments and energy transition are driving demand for steel, says Seshagiri Rao

ITC consolidated profit up 30% at Rs 3,343 crore in June quarter

Consolidated revenue from operations stood at Rs 14,240.76 crore compared to Rs 10,478.46 crore reported in the same quarter last year

Union Cabinet approves Rs 6,322 crore PLI scheme for speciality steel

Move likely to attract investment of Rs 40,000 crore, capacity addition of 25 mn tonnes; create over 500,000 jobs

CM Mamata urges Opposition to unite against BJP for 2024 polls

Several leaders from Opposition parties were present for the screening in Delhi - from the Congress, the NCP, and the AAP, among others

Mamata Banerjee says 'Khela Hobe' till BJP is ousted from Centre in 2024

The West Bengal chief minister calls for a national alliance, wants planning started right away

ITC CMD Sanjiv Puri's pay increases 47% to Rs 11.95 crore in FY21

Full-year impact of his revised pay structure comes into effect

ITC diversifies tobacco into nicotine and derivatives for US vaping market

Launches new hotel brand "The Storii" which is a collection of boutique lifestyle properties. The brand will grow under ITC's "asset right" model

Harsh Lodha wins Supreme Court battle, can head four Birla companies

Top court directed Calcutta HC to dispose of all outstanding appeals and cross-appeals over Lodha holding office as a director in MP Birla Group companies by next March

Zorawar Kalra-led Massive Restaurants eyes listing, timing not yet decided

Massive has brands like Made in Punjab, Farzi Cafe, Pa Pa Ya, Masala Bar, and BO-TAI; has lined up expansion on brick-and-mortar side of the business, as well as the delivery vertical

Boost for realty as West Bengal proposes rebate on stamp duty in budget

2% rate cut proposed, along with 10% deduction in circle rate, which sets the value at which a property is registered

Tata Steel outlines Rs 10,000-12,000 cr annual India capex over next 5 yrs

As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22

Present tense, future shaky for Bengal small factory hub amid Covid crisis

The 500-odd foundry units in Howrah operate largely with contractual workers.

Steel companies reduce prices by Rs 1,200-2,000 a tonne across products

Companies say, correction may be temporary