Page 166 - Companies

Reliance Industries: Key financial ratios fall to three-decade low in FY21

On a consolidated basis, firm's RoCE declined to 7.8% in the fiscal

Creating 'Me Inc'

Book review of Control the Narrative: The Executive's Guide to Building, Pivoting and Repairing Your Reputation

Apollo Hospitals Enterprise posts Rs 169-cr net profit for Mar quarter

Healthcare chain Apollo Hospitals Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 169.89 crore for the fourth quarter ended March 31, 2021. The company, which posted a consolidated net profit of Rs 209.60 crore in the corresponding quarter of the previous fiscal, also announced a re-organisation with the formation Apollo HealthCo, with the aim of "creating India's largest omni-channel healthcare platform". Consolidated revenue from operations in the fourth quarter stood at Rs 2,867.95 crore in the quarter under review. It was Rs 2,922.43 crore in the year-ago period, Apollo Hospitals Enterprise Ltd (AHEL) said in a regulatory filing. For the fiscal ended March 31, 2021, the company said its consolidated net profit stood at Rs 136.77 crore. It was at Rs 431.80 crore in FY20. Consolidated revenue from operations for FY21 was at Rs 10,560.01 crore. It was at Rs 11,246.80 crore in FY20, the filing said. The company said the divestment of its front-end retail pharm

Applyboard to leverage $300-mn funding to expand India operations

Applyboard has raised $300 milli­on at an enterprise valuation of $3.2 billion led by Ontario Teachers' Pension Plan Board thro­ugh its Teachers' Innovation Platf­orm in the latest funding round

OVL-led consortium asks Iran for 30% share in Farzad B discovery

The company has written to the Iranian authority asking it to share the agreed technical proposal and contractual terms, and conditions for development

Manipal Group chief, Rohan Ajila launch consumer-sector focused SPAC in US

GCAC raised this week $170 million in an initial public offering listed in NASDAQ.

Young workers want to return to offices to save their careers in pandemic

This workforce says the coronavirus has left them under-informed and cut off from their teams.

Covid-19 drugs portfolio boost domestic sales of companies in FY21

Chronic therapy areas like cardiac and anti-diabetic have maintained their growth rates during FY21 despite a washout in the first quarter

60% companies looking to hire talent for new positions this year: Survey

60% companies looking to hire talent for new positions this year: Survey

NIIT inducts promoters' children Udai Pawar, Leher Thadani to board

The appointments shall be effective from the date of approval by shareholders at the forthcoming AGM

Chamath Palihapitiya files four more SPACs with partner Suvretta

Chamath Palihapitiya plans to raise four more special purpose acquisition companies which add to the six blank-check companies he has already raised.

Explained: Why tax is a dilemma for start-up founders in India

After the abolition of the dividend distribution tax, the taxability of salaries and dividends in the hands of a founder of a bootstrapped start-up will be broadly similar, says Ritesh Kumar, IndusLaw

Who bore brunt of income losses in CY20 as India battled coronavirus?

Almost four-fifth of all income losses were incurred by households and the corporate sector

Suppliers may be fined 10% if they fail to meet local content needs

DPIIT is considering changes in the current procurement norms to further increase the minimum local content requirement in public procurement tenders

Offices transform with movable walls, touchless elevators as workers return

Firms are experimenting with working arrangements and space in offices that are Covid-safe and attractive.

Office reimagined: Some new work ways may outlast Covid-19 pandemic

Staggered office days, virtual hiring, temporary bosses could be the new normal

'Presence' perfect

Book review of Present Company: Cultivating Cultures of High Performance in Teams and Organizations

Tata Motors Jamshedpur plant to undergo block closure from May 18-22

Homegrown automobile giant Tata Motors will undertake a block closure at its Jamshedpur facility from May 18 to May 22, as per an internal communication sent to its employees

Insurance companies can provide cover to investors in tough times

Firms will gain if they do a balancing act between claims and income

Rationalising regulation

Sebi's proposals are in line with changing investor landscape