Page 383 - Business Finance

President, PM, FM mourn Deveshwar's demise

President Ram Nath Kovind and Prime Minister Narendra Modi on Saturday led the nation in paying tributes to ITC Chairman Y.C. Deveshwar who died in Gurugram earlier during the day.

Deveshwar transformed ITC into a diversified conglomerate (Obituary)

Yogesh Chander Deveshwar, whose goal was creating "Indian brands", successfully transformed ITC Ltd from being predominantly a cigarette-maker into a diversified conglomerate.

PM, other political and business leaders pay tributes to ITC's Deveshwar

Prime Minister Narendra Modi Saturday condoled the death of business tycoon and ITC Group chairman Y C Deveshwar, saying he made a strong contribution to the Indian industry. Deveshwar, 72, who passed away at a private hospital in Gurugram near here this morning after a brief illness. "Shri Y C Deveshwar made a strong contribution to Indian industry. His efforts helped ITC become a professionally-run Indian company with a global footprint. Saddened by his demise. My thoughts are with his family, friends and the ITC group in this hour of grief," the prime minister said in a tweet. Condolence messages also poured in from other political and business leaders. Finance Minister Arun Jaitley tweeted: "Saddened by the death of Yogi C Deveshwar, Chairman ITC. Yogi excelled as a corporate professional and an entrepreneur and took his company to great heights. May God render peace to the departed soul & give to his family strength to bear this loss." West Bengal Chief Minister Mamata ...

SRF to sell engineering plastics business to DSM for Rs 320 crore

The transaction would enable SRF to strengthen balance sheet and focus its efforts and resources on developing more-and-more complex technologies

IBC a game-changer, but delays a concern: Srei Infra official

The Insolvency and Bankruptcy Code (IBC) is a game changer, but delay in decision-making is a cause for concern, Srei Infrastructure CEO Rakesh Bhutoria said on Saturday. Bhutoria, who is also CII sub-committee chairman, was speaking at a conference on 'Legal Dimension of Infrastructure Development' here. "The process, which was supposed to ensure quick resolution is getting entangled in the legal system, leading to delay in decision making. This is threatening the viability of many infrastructure projects in our country," he said. "The Indian judiciary should facilitate infrastructure development by providing speedy resolutions. Our country's economic progress hinges on this," Bhutoria said. Calcutta High Court Justice Soumen Sen said the concept of making mediation mandatory before proceeding to litigations has become an important alternative tool, for settling disputes for infrastructure projects. Tax expert Narayan Jain talked about issues relating to ambiguity of ...

Political, business leaders pay tributes to ITC's Deveshwar

Political and business leaders paid heartfelt tributes to ITC Chairman Y C Deveshwar, who passed away Saturday morning after a brief illness, saying he leaves behind a rich legacy. Finance Minister Arun Jaitley tweeted: "Saddened by the death of Yogi C Deveshwar, Chairman ITC. Yogi excelled as a corporate professional and an entrepreneur and took his company to great heights. May God render peace to the departed soul & give to his family strength to bear this loss." West Bengal Chief Minister Mamata Banerjee described him as a "giant in the corporate world". "Saddened at the passing away of Y C Deveshwar Ji. He was a giant in the corporate world. I have many memories of him as a distinguished captain of industry. Condolences to his family, his colleagues and his admirers," Banerjee said in a tweet. In a statement, the Confederation of Indian Industry (CII) expressed its condolences at the demise of Deveshwar, terming it a great loss for Indian industry. Deveshwar was

DRDO spends 25% of budget on R&D, says Chairman

Defence Research and Development Organisation (DRDO) Chairman Satheesh Reddy said they were spending 25 per cent of the budget on research and development (R&D).

Menon Pistons standalone net profit rises 102.83% in the March 2019 quarter

Sales rise 0.53% to Rs 40.03 crore

SIL Investments standalone net profit declines 85.98% in the March 2019 quarter

Sales decline 81.49% to Rs 8.52 crore

Refnol Resins & Chemicals standalone net profit rises 1500.00% in the March 2019 quarter

Sales rise 5.88% to Rs 8.10 crore

Gujarat Poly Electronics standalone net profit rises 125.64% in the March 2019 quarter

Sales rise 6.89% to Rs 4.50 crore

NOCIL standalone net profit declines 29.79% in the March 2019 quarter

Sales decline 12.43% to Rs 241.58 crore

GlaxoSmithkline Consumer Healthcare standalone net profit rises 34.94% in the March 2019 quarter

Sales rise 9.03% to Rs 1286.06 crore

IFGL Refractories appoints Statutory Auditors

For a term of 5 years

Transwarranty Finance consolidated net profit declines 25.78% in the March 2019 quarter

Sales rise 51.24% to Rs 9.15 crore

Southern Magnesium & Chemicals reports standalone net loss of Rs 0.25 crore in the March 2019 quarter

Sales rise 315.00% to Rs 0.83 crore

Triton Valves standalone net profit rises 95.93% in the March 2019 quarter

Sales rise 6.79% to Rs 58.63 crore

Oriental Carbon & Chemicals standalone net profit rises 31.26% in the March 2019 quarter

Sales rise 14.30% to Rs 102.66 crore

Punjab Chemicals & Crop Protection standalone net profit rises 3.43% in the March 2019 quarter

Sales rise 26.07% to Rs 183.51 crore

Sterling Green Woods consolidated net profit declines 55.00% in the March 2019 quarter

Sales rise 2.38% to Rs 1.29 crore