Page 27 - Indian Companies

The coming surge in chairpersons emeritus

Since no part of the Companies Act deals with chairperson emeritus, these appointments will have to be governed by a formal contract between the company and the individual or under its articles

Pharma sector's Q4 results show moderate gains amid Covid-19 pandemic

The ongoing April-June quarter should see strong growth due to low base of last year

Several companies rush to file draft red herring prospectus with Sebi

According to data compiled by Prime Database, a firm tracking IPOs, 12 companies looking to raise a cumulative Rs 22,230 crore ($3 billion) have filed their offer documents so far this month

Exits without tears

Book review of The Art of a Happy Exit: How Smart Entrepreneurs Sell Their Businesses

Valuation of India's top IT companies way above earnings growth trend

Combined m-cap of top five firms up 87% since March '20, against 6.2% net profit growth in FY21

Orient Cement Q4 net profit rises over two-folds to Rs 99.87 crore

C K Birla group firm Orient Cement Ltd on Monday reported an over two-fold jump in net profit at Rs 99.87 crore in the fourth quarter ended March 2021. It had posted a net profit of Rs 44.06 crore in the January-March quarter a year ago, Orient Cement said in a BSE filing. Its revenue from operation rose 27.06 per cent to Rs 831.61 crore during the quarter under review as against Rs 654.52 crore in the corresponding period a year earlier. Total expenses were at Rs 680.83 crore in Q4/FY2020-21, up 14.96 per cent as against Rs 654.52 crore. For the fiscal year 2020-21, its net profit rose over two-folds to 214.18 crore. It was Rs 86.58 crore in the previous year. However, its revenue from operations for the fiscal was marginally down by 4.03 per cent at Rs 2,324.08 crore. It was Rs 2,421.79 crore in FY2019-20. The company said that in the wake of the Covid-19 pandemic outbreak and consequent lockdown imposed by the government last year, the manufacturing facilities of the company w

The way forward for firms

Indian firms need to prepare for export boom by vaccinating employees, their family members; and prioritise export market

Losing steam

Second wave could derail strong corporate recovery

Best of BS Opinion: Herbs need good marketing, second Covid-19 wave & more

Here are the best of Business Standard's opinion pieces for Monday

Boardroom bonanza: Dividend payout up 9% as India Inc sees recovery

All 268 early-bird firms in surveyed sample may pay a total of Rs 1.16 trillion

Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

Novelis posts 180% rise in net profit to $176 million for March quarter

Novelis, a wholly-owned subsidiary of Hindalco Industries Ltd, on Wednesday posted a 179.3 per cent rise in net income to USD 176 million for the quarter ended March 31, 2021.

FMCG sales up 9.4% in March qtr, but June qtr remains volatile: Nielsen

If e-commerce sales are excluded, the sector growth stood at 9.3 per cent in the March quarter, 7.1 per cent in the December quarter, and 0.8 per cent in the September quarter

Allcargo brings in Parthasarathy, Martin Mueller as independent directors

Allcargo Logistics on Wednesday announced appointment of V S Parthasarathy and a Swiss national, Martin Mueller as independent directors on its board. Parthasarathy was till recently Group CFO and CIO of Mahindra & Mahindra while Mueller is a former partner at global consulting giant McKinsey. Mueller and Parthasarathy have also joined the board of Allcargo's wholly-owned subsidiary ECU Worldwide, the company said in a statement. ECU Worldwide is a Belgian multinational, operating Allcargo Group's global operations with presence in over 160 markets and is the world's largest less-than-cargo load (LCL) consolidator. "With Partha and Martin joining our Board... I expect this intellectual and diversified combination of cross-functional leadership and professional expertise will help us immensely as Allcargo prepares to move forward in its journey of excellence leading to meet our vision for the future, said Shashi Kiran Shetty, Founder and Chairman, Allcargo Logistics. Parthasarathy

Birla Corporation net profit up 28% in Jan-Mar quarter due to high sales

Birla Corporation Ltd on Wednesday reported a 28 per cent year-on-year rise in its net profit to Rs 249.33 crore in the fourth quarter ended March 31, 2021

BS webinar on De-risking the Risk Business: 'Digital road too has potholes'

Traditional data sources such as demographic data or exposure data are increasingly combined with new sources such as online or telematics-data

HUL's Sudhir Sitapati to take over as GCPL's managing director in October

GCPL posted a 59.13 per cent YoY increase in its consolidated net profit to Rs 365.84 crore for Q4, led by a low base

Bharat Biotech commences direct supply of 'Covaxin' to 14 states

The company is now getting requests from other state governments as well, and will be processing them for distribution based on availability of the vaccine

Sitapati steps down as HUL's executive director, Sundaram to take over

Srinandan Sundaram, currently executive director at HUL, will succeed Sitapati effective July 1

Reliance Industries' profit more than doubles to Rs 13,227 crore in Q4

Company beats the Street on top line and Ebitda