Page 47 - Indian Companies

Duroflex aims to become Rs 2,000 crore company in next five years

Sleep solutions provider Duroflex is expanding its sales network to northern and eastern regions as it looks to become a Rs 2,000 crore company in the next five years, a top company official said.

More employees being rated poorly as firms cut back on increments: Survey

Only four in 10 companies ready for give staff a pay hike, says Deloitte Touche Tohmatsu India

JSW Energy CFO Jyoti Kumar Agarwal resigns, to step down on Sept 15

The company said it will announce Agarwal's successor in due course

Nesco plans over Rs 2,000 cr investment on business expansion in 5-7 years

Diversified firm Nesco has said it is planning to invest over Rs 2,000 crore in the next five to seven years to foray into the hospitality segment as well as expand its existing IT space offerings and add new exhibition centres. The company, which is into real estate, exhibition centre, food and beverages (F&B) and engineering businesses, is also planning to set up a convention hall at its Nesco Centre in Goregaon in suburban Mumbai. "We are strategically expanding our business into newer segments to take advantage of the changing environment. While we will continue to add more exhibition halls, we are also planning to enter the hospitality segment by launching hotels for the convenience of the exhibitors and visitors," company's chairman Sumant Patel told PTI. The company, he said, will be investing Rs 2,000 crore over the next five-seven years for entering new verticals and expanding other businesses, which will be completely funded by its internal accruals. "Our current cash ...

Focused on sustaining operational performance in near-term: Jubilant Life

Drug firm Jubilant Life Sciences is focused on sustaining its operational and financial performance in the near-term in the current scenario

Explained: How brands are reaching out to shoppers in times of Covid-19

Go the extra mile by making calls, setting up mini stores; trend is here to stay, say experts

Flipkart sales have crossed pre-Covid-19 levels, says Walmart CEO

McMillon said that he is pleased with how the teams at Flipkart managed the Covid-19 environment in a really effective way

Covid impact: VRL Logistics, India's biggest trucker, to scrap 15% of fleet

The operator of about 5,000 vehicles, including tankers, cranes and buses, has identified some 700 low capacity trucks for possible scrappage

Courier SMEs' cup of woe spills over, shows CRISIL SME Tracker

CRISIL Research expects their revenue to decline 30-35 per cent in FY 2021

Cash-hungry Indian companies are selling shares at record pace

Companies are seeking to prepare themselves for what's forecasted to be the economy's first contraction in four decades

Covid-19 impact: Earnings of Nifty50 firms slump to over 6-year low

Experts say recovery will be faster than that after the 2008 Lehman crisis

Tata Steel sinks into red, logs loss of Rs 3,337 crore in June quarter

Revenue from India operations stood at Rs9,145 crore, down 42 per cent from same period last year.

Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis

In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas

Unlock BFSI 2.0: Rural India revival difficult to sustain, say economists

It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen

Covid-19 impact: Edtech firm Byju's nears $1-billion revenue milestone

In FY20, the company posted a revenue of Rs 2,800 crore ($370 million), a 100 per cent growth over the previous fiscal.

Cummins India reports 65% decline in consolidated PAT at Rs 53 cr in Q1

The company had posted a PAT of Rs 152.56 crore in the same period last fiscal, Cummins India Ltd said in a regulatory filing

Titan: Investors advised to wait until more clarity emerges on recovery

Titan reported a 62.3 per cent year-on-year decline in revenue in Q1 at Rs 1,862 crore

India plugged: Work from home drives laptop sales amid Covid-19 lockdown

From market leader HP and premium player Apple to China's Lenovo and Asus, all major brands in the market are witnessing rapid surge in the demand for notebooks

Signs of gradual recovery visible across different sectors in July

Retail sales of passenger vehicles and two-wheelers have touched almost 85% and 60% of pre-Covid levels, from a situation of zero sales in April

Confidence of professionals on steady rise as lockdown eases: Survey

The LinkedIn Workforce Confidence Index shows that India's overall confidence is on a steady rise, with a composite score of 53, up from 50 in the June 15-28 survey