Indian Business

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

India's smartwatch market grows highest ever at 312%, Fire-Boltt leads

India's smartwatch market grew an impressive 312 per cent in the June quarter, and homegrown company Fire-Boltt led the market for the first time with a 28 per cent share, a new report said on Friday.

India at 75: From Ambanis to Bajaj - 20 doyens who shaped India's business

Each one of them has played a key role in the building of India, taking ideas and giving them wings. Here's a look at 20 leaders of India Inc who are inseparable from the idea of India

Seven states among top achievers in 'ease of doing business' ranking

In the category of emerging business ecosystems, there are 11 states and UTs, including Delhi, Puducherry and Tripura

Family first or business first: Leadership succession in Indian businesses

The Ambani family history has proven the significance of systematic succession management while the leader is still around and active

Retail businesses grow 24% in May against pre-pandemic level: Report

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI

WhatsApp launches SMBSaathi Utsav to help small biz adopt digital mediums

SMBSaathi Utsav has kicked off with a pilot in Jaipur's Johri Bazaar and Bapu Bazaar where over 500 small businesses are being trained on various aspects of running business online

Businesses should contribute to country's all-round development: Kovind

The remarks of the President came while addressing the 90th year celebrations of the Merchants Chamber of Uttar Pradesh at Kanpur

India needs to adopt aggressive approach to attract businesses: USISPF

Mukesh Aghi said there have been some efforts but those are more of a transactional effort rather than a uniform or a cohesive approach on this

Indian, Danish business leaders discuss solar energy, green technologies

PM Modi jointly participated with Prime Minister of Denmark Mette Frederiksen, and Crown Prince Frederik of Denmark, in the India-Denmark Business Forum at the Confederation of Danish Industry