Page 2 - Indian Business

CRISIL Ratings places Vedanta under watch with negative implications

The agency mentioned that the ratings might be downgraded if Vedanta cannot reduce its end-of-year financial leverage to below 2.7 times through the asset monetisation route

Reliance Brands to acquire majority of Superdry's IP assets in India

In this JV, RBUK and Superdry will own 76 per cent and 24 per cent of the entity, respectively

Environmental risks outweigh operational risks for CXOs, finds study

The study is based on responses from 75 executives covering directors, managing directors, chief executive officers, chief technology officers and chief financial officers.

Indian embassies, consulates well-placed to help Indian businesses: Singh

Union Minister Rajkumar Ranjan Singh on Wednesday said that Indian embassies and consulates are well-placed to help the country's businesses explore new markets for exports. India's growth and prosperity are intrinsically linked to its ability to tap into global markets and focusing on the incredible products and services that it has to offer, Singh, the Union Minister of State for External Affairs said. Stating that India has representation in almost all the countries of the world, he said "Our embassies and consulates are equipped with commercial representatives." He said that they are "well-placed" to help Indian businesses explore new markets. "Trust, quality and assured supply are the key components for the long-term success of any export business," the minister said. Stating that India is looking to increase its exports to two trillion USD by 2030, Singh said "Our export target of 2030 will be equivalent to Brazil's or Canada's total GDP today." He expressed confidence that

Beyond Borders: The Global Outlook of Indian Business Schools

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Delay in visa approvals for Chinese hurting Indian businesses: Report

Apart from new projects, in several cases, companies do not have their India chief executive officers in the country for several months now

Trade resents losses due to government's faults

It is now for the industry associations to agitate the matter before the government

Indian business delegation to visit Russia to explore agri exports

The exporters expect to sign deals for selling a wide range of products including tea, sugar, coffee, dairy, meat, and marine products, the official said

India offers predictable, stable & business-like environment: Industrialist

India offers a predictable, stable and business-like environment which is one of the major factors for foreign companies to invest in the country, a top Indian industrialist has said as he underscored the need for labour reforms. Alok B Shriram, CEO of manufacturing company DCM Shriram Industries, who is in the US as part of the Federation of Indian Chambers of Commerce and Industry (FICCI) business delegation, said he sensed great deal of enthusiasm about India and the investment climate in the country in his interactions with his American counterparts. "On the whole, everyone is looking forward to working on investing in India. That difference coming in now, (is) not just transferring technology or something, but it's actually investing, Shriram told PTI on Tuesday. He observed that the first reason for it is that India has a very young and very well-trained workforce that, at least, is well educated. "It's a good environment. I think in the last decade, this government has prove

Indian business families that are shifting control to their next generation

From Ambani to Birla, more and more business families in India are showing trust in their scions

Godrej Properties profit rises 51% to Rs 58.74 crore in December qtr

Realty firm Godrej Properties Ltd on Thursday reported a 51 per cent increase in its consolidated net profit to Rs 58.74 crore for the third quarter ended December 2022. Its net profit stood at Rs 39.02 crore in the year-ago period. The total income declined to Rs 404.58 crore in the third quarter of this fiscal from Rs 466.91 crore in the corresponding period of the previous year, according to a regulatory filing. Godrej Properties has posted a net profit of Rs 159.25 crore during the April-December period of this fiscal from Rs 91.90 crore in the year-ago period. Its total income rose to Rs 1,200.18 crore in the first nine months of this fiscal from Rs 1,063.12 crore a year ago. Godrej Properties is one of the leading real estate developers in the country. It is developing projects mainly in the Mumbai Metropolitan Region, Delhi-NCR, Bengaluru and Pune. Godrej Properties is a part of the business conglomerate Godrej Group.

Ashok Leyand shares climb 5% after firm reports jump in Q3 profits

Shares of Ashok Leyand on Thursday climbed 5 per cent after the firm reported a multi-fold jump in its profit after tax for the third quarter ended December. The stock climbed 5 per cent to Rs 155.10 on the BSE. At the NSE, it advanced 4.94 per cent to Rs 155. In a volatile trade, the 30-share BSE benchmark traded 48.36 points higher at 59,756.44. Hinduja group flagship Ashok Leyand on Wednesday reported a multi-fold jump in its profit after tax at Rs 361 crore for the third quarter ended December, aided by robust sales. The company had posted a profit after tax of Rs 6 crore in the October-December quarter of previous fiscal. Revenues for the quarter stood at Rs 9,030 crore over Rs 5,535 crore in the year-ago period, the company said in a statement. Ashok Leyland said its domestic Medium and Heavy Commercial Vehicle volume rose to 28,221 units, up 69 per cent, over the same period last year. The company's domestic LCV volumes for the third quarter rose to 16,405 units, up 15 p

Co-heads of business at $4.3 bn Centrum Wealth asked to leave the firm

The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a "loss of confidence,"

Global wealth, Indian business

Comparing India and China's Fortune 500 performance may not be entirely fair, but it offers some thought-provoking facts at a time when India is flaunted as the only decent economic game in town

Made-in-India brands under one umbrella, announces Bacardi in India

Ranbir Kapoor to symbolise this platform; comes as a celebration of those disruptors, innovators, and changemakers who are on their journey to build their legacy as they pave their route to success

Top Indian banks battle for no 1 bond spot as credit demand surges

Indian businesses are hungry for credit, despite rising interest rates, as they borrow to cover higher operational costs and for more investments

The future of Indian economy: Should it play the power game or values game?

India must decide what it wants to be - a country admired for its soft power and market, or an arbitrary state that can do what it wills with both individuals and businesses - writes T N Ninan

A portrait of Gautambhai

The emergence of the house of Adani is both unusual and remarkable. A new biography of the business tycoon attempts to lay bare the secrets behind his stupendous trajectory, but leaves many questions

Growth of India Inc's IT spending likely to remain modest in 2023

According to the forecast, spending on data center systems will decline by 1.4 per cent, as businesses opt for public cloud services

The $14 billion feud that splintered the billionaire Hinduja family

The family has now called a temporary truce, but the long-running and rancorous dispute has put at stake the future governance of the Anglo-Indian empire