Page 23 - Indian Companies

Kirloskar family feud: Brothers' firms spar over 130-year-old legacy

Kirloskar Brothers Ltd accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side.

Q1 results: 230 early bird companies report 71% jump in net profit

Good Q1 showing on the back of last year's low base; sales low sequentially

Havells India Q1 net profit jumps about four-folds to Rs 236 crore

Consumer electrical goods maker Havells India Ltd on Wednesday reported nearly four-fold jump in its consolidated net profit at Rs 235.78 crore for the first quarter ended June 2021.

Jubilant Foodworks back in black in Q1, posts net profit of Rs 69 cr

Jubilant Foodworks reported a consolidated net profit of Rs 69.06 crore in the first quarter ended June 30, aided by higher revenues despite the second wave of COVID-19 disrupting operations.

Bajaj Finserv Q1 consolidated net profit declines 31% to Rs 833 cr

Bajaj Finserv Ltd on Wednesday reported an over 31 per cent decline in consolidated net profit at Rs 833 crore for the first quarter ended June 2021.

A future without promoters

India's corporate landscape is changing, and the economy is set to change with it, notes Amit Tandon

Godrej forays into dishwashers; eyes 15% mkt share by end of 2021-22

Godrej & Boyce, the flagship company of the Godrej Group, on Tuesday announced its foray into the dishwashers market and is eyeing 15 per cent market share by the end of this financial year in this segment. The pandemic has upped stress level of consumers significantly. City-based consumers particularly... are juggling their office work with household chores while trying to limit their dependence on domestic help to avoid health risks. This has led to a surge in effort minimising appliances like dishwashers. We believe that this category will continue to see growth even post pandemic as more and more consumers discover the value this product can add to their lives," Godrej Appliances Business Head and Executive Vice President Kamal Nandi told reporters at a virtual press conference. He further stated that the dishwasher segment is at a very nascent stage and the total market size is expected to cross USD 90 million (Rs 667-700 crore) by 2025-26. "We are targeting 15 per cent ...

Over 17,200 new companies set up in India during April-June 2021

More than 17,200 new companies were set up in the country during April to June this year while a total of 13.7 lakh companies were active at the end of June, according to official data.

Barbeque Nation, LIC Housing Finance face heat on independent valuation

While the companies are saying they are following Sebi guidelines, the regulator is asking them to follow their own guidelines.

Covid-19: Future of work fast-forwarded with VR meetings, job sharing

From corporate offices to shopfloors, from vendor meetings to client servicing, Indian companies are - just like some big Wall Street firms - debating the pros and cons of remote working

Indian PE funds looking for exit from companies toy with SPACs in US

Discussion has started between blank check companies in the US and Indian PEs on possible deals in certain key sectors

Not very concerned about third wave impact on biz: Dabur India CEO

Share of our healthcare portfolio went up to 45 per cent from 30 per cent and essentials like oral care did well, while share of skin-care, hair oils, and foods shrank, says CEO

A love letter on family businesses

Book review of The Ultimate Family Business Survival Guide

IT dept detects Rs 880-cr hidden income after survey of Bengaluru company

The Income Tax Department has detected "concealment" of Rs 880 cr income after it surveyed the Bengaluru premises of a leading manpower service providing company, the CBDT said on Tuesday.

Patanjali clocks Rs 30K-cr turnover in FY21; aims to be debt free in 4 yrs

Patanjali Group said it has achieved a turnover of around Rs 30,000 crore in the fiscal 2020-21

Recovery tracker: Office visits at 78% of pre-Covid days as cases fall

Roads see more traffic and power generation a brighter week

India Inc loosens purse strings for sales, IT functions, says report

With technology and sales becoming critical functions for business continuity and recovery, the salaries that these professionals command have increased significantly with a median increment of 7.12 per cent; while for super-specialised jobs, it was over 11 per cent, according to a report. According to the latest 'TeamLease Jobs and Salaries Primer Report 2021', while the median salary increment was 7.12 per cent, the average growth of salary for talent in IT and sales functions have been 8.55 per cent and 9.82 per cent, respectively. As per the report, the positivity is not restricted to sales and IT functions alone, but also to super-specialised jobs that are being rewarded handsomely. Super-specialised jobs have commanded a salary increment of over 11 per cent. The 'Jobs and Salaries Primer' is an annual report from TeamLease Services Ltd that analyses the hiring and salary trends across industries. The latest edition has taken into consideration the salary payouts of over 2,63,0

Second Covid-19 wave, higher input cost set to weigh on Q1 earnings

Nifty50 firms' net profit expected to decline 10.1% QoQ

Tata go-ahead not needed to pledge shares, says Shapoorji Pallonji Group

Has approached foreign banks for a Rs 5,000-crore bridge loan

Bajaj Group market cap hits $100 bn; fourth family-owned biz to hit mark

Many family business houses have seen a huge jump in their market cap in the past one year