Page 25 - Vinay Umarji

Margins may improve after a long wait as denim industry sees glut easing

No new capacities likely, so market will be able to absorb current production; however, rising cotton prices could offset the benefits of operating leverage and modest increase in fiscal incentives

Zydus Cadila announces Q1 consolidated net profit of Rs 303.6 crore

The company saw its consolidated total revenue rise by 17.49 per cent to Rs 3,518.9 cr for the June quarter

Adani Enterprises commits Rs 10,000-crore capex for airports business

The capex includes up-front payment of Rs 3,600 crore for 6 airports

EESL, Ahmedabad Municipal Corp enter 10-year deal to build EV infra

The two parties will jointly fast-track e-mobility in the city's public transport by installing 100 public charging stations and promoting EVs on rental and purchase basis within municipal limits

No plans to re-enter domestic formulations in current fiscal: Piramal V-C

Last year, Ajay Piramal, chairman of Piramal Enterprises, had indicated that the firm was exploring a possible re-entry into the domestic formulations market

Will think 'deeply' on issuing sovereign bonds, says CEA Subramanian

The BJP-led govt announced in the Budget that it will raise a part of its market borrowing by issuing foreign exchange-denominated bonds in overseas markets

Global funding trend in EdTech sector estimated to fall in 2019, shows data

In 2018, funding worth Rs 3,815 crore came in the late stage, Rs 485 crore in the early stage

Suryoday Small Finance Bank plans up to Rs 1,000 crore IPO by next year

Ahead of this, the SFB will raise Rs 65 crore via increase in promoter shareholding from 27% currently, to 30% by this August

Deepak Nitrite achieves 80% capacity utilization at phenol, acetone plant

The Rs 1,400 crore petrochemical plant at Dahej could result in $400 million imports savings for the country

Employee sacking triggers strike at Ford's Sanand plant in Gujarat

Ford India has in discussion with the union as well as the state labour department for an amicable solution

Sun Pharmaceutical gets four observations for Halol facility in Gujarat

The regulator has also observed that lab control mechanisms were not documented

Cyclone Vayu skirts Saurashtra coast, moves towards north-west Gujarat

According to Gujarat Chief Secretary J N Singh, the state government was prepared as it had consulted Odisha, which saw Cyclone Fani last month

Gujarat ports brace for Cyclone Vayu, prepare to evacuate employees

Private ports and jetties, like that of Adani Group and Reliance Industries Ltd (RIL), have either suspended or scaled down work.

Mumbai had highest unsold luxury homes inventory at 23,930 units in Q1FY19

Overall unsold stock of luxury homes declines by 12% year-on-year in Q1 2019

Suzuki eyes double-digit market share in 150cc segment by next year

Firm aims to sell 100,000 motorcycles this year, up from 60,000 last year, a jump of 66 per cent

Student housing can attract $50-billion private investment, says report

The potential is fuelled by the demand for purpose-built student accommodation (PBSA), which is set to grow by 8 per cent annually

Bicycle sharing startup MYBYK looks to raise $2 mn in Series A funding

The startup is bullish on taking its fleet of bicycles from 4000 to 10000 through B2B expansion in next six months

Mumbai only city among top 7 to see correction in office rental since 2012

In Mumbai, the range of rentals in office space is also higher than other cities

How GST fraud worth Rs 40 crore came into light at Manpasand Beverages

According to CGST commissionerate sources, MBL allegedly created and showed sales and purchases across more than 30 fake units

Drought dries up cattle economy in Gujarat, lack of water hits crops

In Gujarat, of the 12.5 million hectare of area under cultivation, while six million is dependent on rainfall, two million is covered by groundwater, a bulk of which is said to be in north Gujarat