Page 54 - Ishita Ayan Dutt

We are full-out on capacity in batteries: Eveready's Amritanshu Khaitan

Eveready recorded a 234 per cent increase in profit before tax (PBT) to Rs 30.29 crore in the June quarter even as operating income fell by around 18 per cent

US-based fund DVI invokes force majeure clause in Amtek's debt resolution

While a force majeure clause is common in commercial contracts, in an IBC case, the committee of creditors (CoC) generally doesn't agree to including such a clause in the resolution plan

Steel under spotlight as price inches towards pre-Covid level

Fimi, EEPC raise issue with the govt over price hike, saying domestic market rates are higher than export prices

ITC gets a new CFO in Supratim Dutta as part of organisational revamp

Appointment with effect from September 5 as new man in replaces Rajiv Tandon, who continues on board, with Dutta reporting to him

Localised lockdown impacting ITC's recovery pace, outlook uncertain: Puri

ITC would respond with agility to strengthen its market standing while sharply focusing on cost reduction measures, Puri reassured shareholders

Mamata asks PM to intervene in GST impasse, joins non-BJP CMs in 'protest'

Asserts that Centre must borrow to meet GST shortfall at this critical hour of Covid-19 pandemic, says states will reciprocate

Covid-19 clouds IBC resolution, applicants seek payment schedule relaxation

In June, Deccan Value Investors (DVI), which won Amtek Auto, filed an application with the Supreme Court asking for an extension of time to discuss terms with the committee of creditors

Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall

Meet today to outline strategy on compensation

West Bengal rejects Centre's borrowing propositions to meet GST shortfall

Says will engage with other states to take collective steps

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

NMDC approves demerging steel plant as Baghel protests 'privatisation'

Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.

Steel firms set to raise prices from Sept on higher costs, global prices

JSW Steel said on Thursday that it had started the roll-out of JSW Radiance, a steel colour-coated product range in high-gloss feature with multiple variants

Wait for Amtek Auto resolution may get longer over mortgaged property

Bone of contention is long-term lease of ACE Complex Land. Resolution applicant has moved NCLAT, which is likely to start hearing on Thursday against NCLT order

Consumer goods firms see value in fast-growing, high-margin spices biz

Multiple parties from private equity to strategic players see value in the fast-growing, high-margin branded spices business

Tea company McLeod Russel moves to settle debts as promoters reduce stake

Most lenders have agree that debt restructuring is right choice and not auction under insolvency for India's largest bulk tea producer

Khaitan holding dips in Eveready, McLeod Russel as IndusInd invokes shares

Dabur's Burman family emerges as largest shareholders in Eveready, with 19.84% stake

How Chandra Shekhar Ghosh plans to stay focused on country roads

About 71% of Bandhan's banking outlets are located in rural and semi-urban areas

Birla Corp PBT drops 61% to Rs 85 cr in Q1 due to disruptions in operations

Revenues (including other income), at Rs 1,241 crore, declined 34.7 per cent year-on-year as sales by volume dropped by more than 33 per cent to 2.4 million tonnes

Emami's Q1 pre-tax profit drops 13.64% to Rs 49 cr due to lockdown curbs

Revenues from operations down 25.79 per cent to Rs 481.34 crore as offtakes of summer portfolio were impacted

ITC acquires spice-maker Sunrise in all-cash deal for Rs 2,150 crore

With the transaction, the company has added a 70-year-old brand and a market leader in eastern India to its portfolio