Page 44 - Ishita Ayan Dutt

Khaitans step down from Eveready board after Burman Group open offer

For the first time, Khaitans won't be represented on firm's board since they acquired Union Carbide India in 1993 and renamed it Eveready Industries India. But they will continue to hold 4.84% stake

ITC to hike milk price in order to pass on procurement cost to consumer

Firm silent on extent of hike, says farmers faced cost push in the past nine months, which in turn led to an increase in procurement prices by Rs 3-4 a litre for the company

Tata Steel to set up unit for medical material, to buy bio-ceramics startup

The firm's wholly-owned subsidiary, Tata Steel Advanced Materials, will pick up 90% stake in Advanced Ceramics

Burmans to appoint 'key management people' in Eveready post open offer

We plan to clean the company and run it in a professional manner: Mohit Burman

Burmans step in to take control of Eveready, announce open offer

Company needs direction and the brand has immense potential: Mohit Burman

Russia-Ukraine war may throw up export opportunities for Indian metal firms

Russia & Europe account for 10% of global primary aluminium supply. Russia is also the second largest steel exporter. With war threatening supply, exporting nations like India may step in to plug gaps

Russia-Ukraine crisis: Indian firms brace for fresh round of price spike

In addition to rising oil prices and disruption in supplies, CEOs are worried how rising oil prices will impact their sales

Steel firms roll over prices in January after steep correction in December

The rationale for prices to hold rests on a bunch of factors. Indian prices while similar to import price parity were still among the lowest prices globally, companies point out

West Bengal announces fresh curbs, restricts flights from Mumbai, Delhi

Swimming pools, spas, gyms, beauty parlors, salons and wellness centers, entertainment parks, zoos and tourist places will be closed

We will be net debt free by July 2022, says JSPL's MD V R Sharma

"Our main interest is not inorganic growth, it is brownfield expansion," said Sharma

McLeod Russel signs ICA with its banking lenders for debt resolution

Plan will have a mix of capital infusion by promoters and recast of balance debt. McLeod owes banks Rs 1,800 cr; with unpaid interest, the total is about Rs 2,300 cr

AM/NS India settles contracts with major auto OEMs at 8-9% price hike

Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources

IIM Calcutta concludes summer placements with 100% placements, 570 offers

The exercise was completely virtually, with the finance sector topping the hiring charts

SREI founders may offer resolution plan under CIRP if RBI and lenders allow

Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria

Steel firms hike prices by up to Rs 3,500 a tonne on input cost pressure

Analysts say coking coal prices more than tripled in the past five months to $390-400 a tonne in October

Newsmaker: Kolkata's Big Brother Sanjiv Goenka back at the IPL crease

The genesis of the RP-Sanjiv Goenka group lies in a family settlement that formalised a division of assets between brothers Harsh and Sanjiv Goenka in 2010

Emami PAT up 56% to Rs 185 cr in Q2FY22, revenue grows 7% to Rs 789 cr

Company says posted a growth of 9% in domestic business led by a volume growth of 6%

ITC consolidated PAT up 10% to Rs 3,763 crore in September quarter

Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year.

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

Festive cheer eludes Durga Puja with corp sponsorship below pre-Covid level

According to Forum for Durgotsab, an umbrella outfit representing 400 pujas and four other clubs, compared to 2020, sponsorship is up 30-40% and compared to 2019, it's down by 20-25%