Unilever tops sales forecast, but sees some markets worsening

Unilever has successfully demonstrated how virtue can be sustained over generations in enterprise. Can the same be said about venerable Indian companies?

SHE can coexist with enterprise

Business Standard

Credit Suisse

History is replete with examples of when an enlightened business approach did not prevail, but even cynics agree it is worth striving for

Is SHE enterprise an oxymoron?

Today, as in the days of HG Wells, the dilemma that society faces is one of the need for aggressive entrepreneurs, but not entrepreneurs who undertake spiralling risks, unfettered by ethics or nous.

Tono-Bungay enterprise

To improve governance, can a coach help by holding a behavioral mirror to a board?

The idea of a board coach

Commentary on misgovernance dwells on misdemeanour, but perpetrators often do not demonstrate malintent. There are plenty of smoke signals, however, before every episode

Timely response in governance

Corporate leaders aggressively pursue shareholder wealth creation. But companies that put more emphasis on profit are, in fact, less profitable

The power of 'obliquity'

Mercurial founders get disproportionate public exposure, but nothing pulls down leaders with extra-gravitational speed than front-page coverage in the media

The mercurial should not trump the methodical

Independent directors add value to a company not only through their explicit knowledge and cognitive skills, but also through their experiential intuition and heuristic skills

Effective directors display the art of healthy scepticism

NeVA is transforming all state legislatures into digital Vidhan Sabha systems, allowing them to conduct all government business on the digital platform

NeVA

The Punjab government Wednesday said it will release the pending installment of 6 per cent dearness allowance (DA), from July 2015 to December 31, 2015, to employees.
A spokesperson of the chief minister's office said it will entail an additional financial liability of Rs 356 crore to the state exchequer.
Chief Minister Bhagwant Mann said the government employees were a critical segment of the state administration and safeguarding their interests was the government's top priority.

Punjab Chief Minister Bhagwant Mann

Press Trust of India

Prosecutors in Nepal on Wednesday charged 30 people, including two former cabinet ministers over allegations that they collected large amounts of money from Nepali nationals, promising to help them relocate overseas as Bhutanese refugees.
The District Attorney's Office here has filed a 224-page charge-sheet at the Kathmandu District Court.
Former Home Minister Bal Krishna Khand and former Deputy Prime Minister Tope Bahadur Rayamajhi were among 16 people arrested and charged, officials said.
The remaining 14 are still absconding, they said.
Rayamajhi has now been suspended as the secretary of the Communist Party of Nepal (Unified Marxist-Leninist) party.
"Claim amount of Rs 270 million has been demanded from those who are sued,"  District Attorney Mahesh Khatri said.
Those involved have allegedly swindled around 875 Nepali nationals of millions of rupees," according to the Kathmandu Post newspaper.
The attorney office said all of the 30 individuals were prosecuted on four types o

nepal flag

On Tuesday, he gave back some of those gains. LVMH shares fell 5% in Paris - the most in more than a year - amid a broader decline that erased about $30 billion from the European luxury sector

China Flag

Bloomberg

Sequentially, the company's quarterly net profit rose 2.4%. In the previous quarter, profit after tax had stood at Rs 1,746.10 crore

The combined net profit of 20 cyclical companies in the index is expected to grow by 38.8 per cent YoY to Rs 1.01 trillion

q4 earnings, companies results

For FY23, the profit stood at Rs 36,397.40 crore as compared to Rs 4,043.12 crore for the previous financial year

Shares worth up to Rs 29,000 crore of three group companies could be put up for sale

Adani

WPIL hit a new high of Rs 3,076, up 5 per cent on the BSE in Wednesday's intra-day trade

Sensex, BSE, stock markets

India has already had Rs 10,000 notes as its highest denomination in the past

A man shows new currency notes of Rs 200 and Rs 50 outside the Reserve Bank of India in New Delhi on Friday.This is the first time that Rs 200 banknotes were introduced in India. Photo: PTI

currency, notes

CLOSING BELL: Adani Enterprises fell over 6 per cent, while Adani Ports, Tata Motors, HDFC, HDFC Bank, ICICI Bank, Reliance Industries, HUL, and Asian Paints declined up to 2 per cent

Traders, brokers, markets, stocks, shares, investments, funds

Capital markets regulator Securities and Exchange Board of India plans to ease a rule that will make fund managers breathe a little easier

markets

The brokerage says that with markets currently near their peaks, it "leaves room for correction with the onset of a recession in the US".

US economy, united states, US Fed

CY23 will be a very topsy-turvy year for equity markets, but it will also be excellent for long-term investors looking for sharp market dips to build strong positions: IIFL Securities chairman

R Venkataraman, Chairman, IIFL Securities Ltd

A bigger canvas for volumes likely in double digits, while margins could expand on lower costs

paint, colours, wall, brush

Here is the best of Business Standard's opinion pieces for today

supply chain

After five years, it seems GST has begun to show sustained growth even as it has many weaknesses and policy challenges

Lenders seek a raise in independent directors' remuneration

Even international companies in the country have not commented on the issue

Avirup Bose

Congress president Mallikarjun Kharge on Monday accused the Modi government of repeatedly disrespecting propriety by not inviting the president and former president for the inauguration of the new Parliament building.
He also alleged that the Office of the President of India has been reduced to tokenism under the BJP-RSS Government.
Prime Minister Narendra Modi will be inaugurating the new Parliament building on May 28, after the Speaker invited him to do so.
Kharge charged that the Modi Government has ensured election of the President of India from the Dalit and tribal communities only for electoral reasons.
While former president Ram Nath Kovind was not invited for the new Parliament foundation laying ceremony, President Droupadi Murmu is not being invited for the inauguration of the new Parliament building, he said.
Noting that the Parliament is the supreme legislative body of the Republic of India, and the President is its highest Constitutional authority, he said she alone ..

Mallikarjun Kharge

The need to complement purely GDP-based progress with alternative measures of economic and societal progress is now being suggested as a new reference point for measuring quality growth

R Gopalakrishnan

SHE can coexist with enterprise

Is SHE enterprise an oxymoron?

Tono-Bungay enterprise

The idea of a board coach

Timely response in governance

The power of 'obliquity'

The mercurial should not trump the methodical

Effective directors display the art of healthy scepticism

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National e-Vidhan Application: What is it and why is it significant?

Punjab to release pending 6% dearness allowance installment to employees

Nepal ex-ministers among 30 people charged in fake Bhutanese refugee scam

China worries spur $56-billion luxury rout; Arnault loses $11 billion

Oil India Q4 net up 9.7% to Rs 1,789 cr; sees double-digit revenue growth

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LIC Q4 Results: Consolidated PAT rises 5.5 folds YoY to Rs 13,190.8 cr

Abu Dhabi funds, Hinduja group could invest in Adani firms' share sale

Stock of this industrial products company has zoomed over 170% in 4 months

India was close to printing Rs 10,000 notes in 2016: All you need to know

Sensex drops 208 pts, Nifty below 18,300; metal, financial stocks weak