Page 47 - Ishita Ayan Dutt

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

India Inc getting back in biz with no-jab-no-entry, thrust on vaccine drive

Companies gear up to protect employees after second wave disrupts operations

Steel companies negotiate 10-16% price increase for auto manufacturers

While some mills have finalised contracts, others hope to close by month-end. Deals are for April-June quarter

Emami ups stake to 46% from 33% in male grooming company Helios Lifestyle

Emami said the investment was in line with its strategy of leveraging emerging online opportunities brought about by rapid digitisation

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters

Eveready powers up for life after debt, but the question of control remains

After hefty provisioning for inter-group loans, the Khaitan-managed company says it is back on track. But who will be in control from here on remains an open question

One-time provisioning on ICDs drags Eveready to Rs 443 crore loss

The Eveready stock, however, moved up 6.11% to close at Rs 333.35 on BSE

Steel firms expect pick-up in domestic demand from July, led by auto sector

Housing sector demand yet to get back with construction activity being impacted by lockdowns and migration of workers

GST Council becoming authoritarian and majoritarian: Bengal FM Amit Mitra

Mitra said that the GST Council was the only federalist institution, but in the last few years, an omnipotent, authoritarian and majoritarian approach was creeping into the GST Council.

A new era begins: Abhishek Banerjee has national plans for Trinamool

The rise of Abhishek Banerjee aka Bhaipo in the ranks of the party and Bengal politics was a foregone conclusion after the election in West Bengal

ITC bets big on non-cigarette FMCG biz, but Street differs on smoke signals

Its non-cigarette FMCG business has been restructured and positioned as the next growth engine but the market still considers the conglomerate a tobacco player

ArcelorMittal Nippon Steel charts out 5-millon-tonne expansion in 3 years

The two phases of expansion at Hazira, Gujarat, along with downstream, are expected to cost Rs 50,000 crore

Meet Alapan Bandyopadhyay, a 'good boy' in the Centre's bad books

Bandyopadhyay was recently in the midst of a political storm. At the heart of the controversy is a review meeting by PM Modi for which Bandyopadhyay and CM Mamata Banerjee arrived late