Page 3 - Raymond

Raymond Limited appoints Harmohan Sahni as CEO of realty business

Raymond Ltd on Monday said it has appointed Harmohan Sahni as chief executive officer (CEO) of its realty business

Raymond third quarter profit declines 88.7% to Rs 22.18 crore

Raymond Ltd on Tuesday reported an 88.7 per cent plunge in its consolidated net profit to Rs 22.18 crore for the quarter ending December 2020. The company had posted a net profit of Rs 196.83 crore during the October-December period of the previous fiscal, Raymond said in a regulatory filing. Its revenue from operations was down 34.1 per cent to Rs 1,243.44 crore during the quarter under review as against Rs 1,885.43 crore in the corresponding period of the previous fiscal. Commenting on the results, Raymond Chairman & Managing Director Gautam Hari Singhania said: "With markets and channels opening up and consumer sentiments getting back on track, we are seeing demand for our products & services getting better on a quarter on quarter basis and our sustained focus on operational efficiencies has yielded in a profitable quarter. "Additionally, our Engineering Businesses are back on track with a profitable growth and performance of the FMCG business has also been profitable in ...

Raymond cautiously optimistic about business recovery amid Covid, says CMD

Raymond, which has its majority business interests in textile and apparel, is "cautiously optimistic" about recovery amid the Covid-19, its Chairman and Managing Director Gautam Hari Singhania said

Raymond to raise Rs 100 crore through non-convertible debentures

"The Committee of Directors approved the Issue of Non-Convertible Debentures (NCDs) of Rs 100 crore on private placement basis," the company said in a BSE filing

Textile houses step up antiviral apparel launch as Covid-19 cases spike

Companies started their journey by manufacturing reusable masks and Personal Protective Equipment (PPE) kits, and today, they are offering a range of PPE clothing along with fashion and casual wear

Clothiers turn to anti-viral fabric, innovative means to take measurements

Raymond, one of India's largest suit makers recently re-opened most of its 1,000-plus stores across the country

India's first batch of IVF buffalo calves born amidst Covid-19 lockdown

This initiative will pave the way for rapid multiplication of superior animals at a much faster pace

Global supply chain to shift, low imports from China will benefit: Raymond

Raymond is also looking at long-term funding and alternate working capital availability to manage liquidity as business restarts with gradual easing of lockdown

Without cash support, middle class will become the new poor, warns Rahul

He cited a Business Standard report about the plight of retrenched workers of a private company, who were staring at a long battle ahead.

After long stint, retrenched Raymond staff stare at tough legal battle

Company denies retrenching 'workers', says cost rationalisation has impacted some managerial positions

Covid-19 crisis: India Inc reaches for pink slips as cash flow dries up

Senior staff of all the top groups have taken salary cuts up to 20 per cent to preserve jobs at the bottom of the pyramid.

Raymond to repurpose factories to churn out personal protection equipment

Line-up includes masks, suits, sanitizers, shoe-covers and gloves

Raymond CEO for lifestyle business Sanjay Behl quits, stock down by 4.3%

The lifestyle business through a new listed company will have the existing business of branded textiles, branded apparel and garmenting

UP may soon sign agreement with Raymond to supply indigenous khadi

The UP Khadi Board has provided fabric samples to Raymond, which is expected to procure 200,000 metres of UP khadi annually

UP Khadi likely to sign agreement to supply textile to retail major Raymond

In 2018, state had signed up Amazon for khadi

Brand Raymond ownership will remain with new demerged lifestyle business

The company had earlier announced the proposed demerger of its core lifestyle business into a separate entity that will be listed through mirror shareholding structure

Wrongs you cannot right, just repent and regret

Strategic errors - acts of omission and commission - have hurt many companies

Raymond surges 19% on plans to list demerged Lifestyle biz, pare debt

The company announced business re-structuring plan with demerger of its core Lifestyle business into a separate entity.

Raymond sells 20 acre plot to real estate firm VRSA for Rs 700 crore

VRSA to invest Rs 1,700 cr to develop shopping mall on land parcel

Textiles major Raymond forays into real estate with Thane project

The project will house 3,000 residential units across 10 towers in the first phase on a 20-acre land parcel that Raymond owns in Thane