The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
Naturally, the West Bengal chief minister is not leaving anything to chance, reports Ishita Ayan Dutt.
UP Rs 50 billion, followed by Maharashtra, Bihar, and West Bengal which may need close to Rs 25 billion for the massive task.
33-year-old Abhishek Banerjee has emerged as the most visible and significant leader in the party after his pishi (aunt), Mamata Banerjee reports Ishita Ayan Dutt.
Those who know Alapan Bandyopadhyay describe him as measured, tactical and extremely focused on achieving what he sets out to do. To many it came as a surprise that he would cut short a meeting with the prime minister.
Whatever the outcome from the assembly elections, what's evident is that West Bengal has entered an era of identity politics, reports Ishita Ayan Dutt.
'Everyone wants to take a vaccine. The last time a camp was held, there were 1,000 people for 500 doses. People are waiting and returning disappointed. At times, it is creating problems. The demand is much more than the supply.' Ishita Ayan Dutt reports on how the West Bengal countryside is reacting to the vaccination drive.
Each state has its own weak areas that need attention. Some states have already identified the gaps and sought the Centre's help. Vinay Umarji, Ishita Ayan Dutt, Samreen Ahmad and Sohini Das report.
Tata Steel delivered one of its best financial performances ever in the third quarter of the current financial year, and surpassed its deleveraging target of $1 billion. In an interview, Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that the company will continue to focus on deleveraging but profitable and value-added growth will be equally important.
West Bengal has a 2,200 km porous border with Bangladesh over 10 districts.
Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.
Against the backdrop of the Lok Sabha results, a much larger scale of desertion was anticipated from the TMC. 'It seems, people don't believe that the ship is sinking.'
Mamata Banerjee predicts the BJP-led NDA will not get more than 150 seats in the next Lok Sabha election.
To tide over the difficulties due to incessant shutdowns, several farmers in Maharashtra have turned into aggregators and started selling their produce without the help of mandis or agents. They have started contracting with bulk consumers like hypermarkets and co-operative housing societies to sell their produce directly.
Pawan Ruia has finally done it, a beaming Buddhadeb Bhattacharjee, then West Bengal chief minister, had said at the reopening of the 70-year-old Sahagunj factory owned by Dunlop in 2005. But with the Calcutta high court passing a winding-up order in 2013 and the Trinamool Congress-led state government passing a Bill to take over the company in 2016, the once-upon-a-time undisputed leader in the Indian tyre industry looks vastly undone. But that can hardly be a deterrent for Ruia, who has a penchant for making headlines one way or the other.
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
Most of the hirings are, however, in the entry or junior level.
'It will take six months to one year to move to normalcy, depending on how the pandemic plays out in India.'
Nandigram, 126 km south of Kolkata, is Suvendu Adhikari's bastion, where he has vowed to defeat Mamata Banerjee by 50,000 votes or quit politics.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
'Does it mean that till the COVID-19 fight is over, the governor should be non-functional, in sleep mode, and fiddling in the Raj Bhavan while the state is burning?'
Reluctant to campaign so far, former Bengal CM draws large crowd in first roadshow since poll dates announced.
'A loss of seats for the Trinamool in this election will weaken its hold in Bengal, which will not augur well before the assembly election in 2021.'
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
A dedicated jazz club is just what Kolkata needed to get things going. And Skinny Mo's has announced its arrival to the enthusiastic city.
Mass agitations are not particularly uncommon in India. But a mass agitation led by an environment-related issue that has gone out of hand is not something that can be easily recalled.
Cricket doesn't need development. In football there are two elements - one is the game and the other is the philanthropy element. Cricket is a purely commercial decision.
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
The West Bengal CM's media equation wasn't always this bad. In the run-up to the assembly elections of 2011, she was a clear favourite.
The once ailing Saregama is getting its mojo back. Bolstered by Carvaan, a portable digital audio player that turned out to be a disruptor, the company has chalked out an aggressive growth path. In an interview with Avishek Rakshit and Ishita Ayan Dutt, Sanjiv Goenka, bottom, chairman of RP-Sanjiv Goenka Group, talks about a road map, which includes taking Carvaan to the next level, launching more films on OTT platforms and getting back into Hindi film music production after a decade.
In a deviation from the usual venue of Raj Bhavan, the event of May 27, will be held on the Red Road, one of the arterial roads in Kolkata that houses the Fort William where the Army is headquartered. And, it will remain blocked for at least five days, probably more.
The idle talk at street corners, cafes and public places since May 23 is that the winds of change are blowing across Bengal.
The saffron party's IT cell had realised the power of WhatsApp early in the day and wielded it to devastating effect in the Bengal elections.
During his time as executive chairman, the company's net revenues grew 17-fold to Rs 42,777 crore and profit after tax nearly 40 times to Rs 10,289 crore. Total shareholder returns grew at a compounded annual rate of around 20%. Besides numbers, his biggest achievement was to transform ITC from a cigarette company to a diversified enterprise.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
At the height of the agitation against Tata Motors and after, the decibel level at Singur has always been high. The coronavirus scare, however, appears to have tempered it. The lockdown has hit Singur's inhabitants hard in more ways than one, reports Ishita Ayan Dutt.
Analysts suggest making separate firms of tobacco, hotels and FMCG divisions
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