German chemical company BASF, which has a significant presence in India, will slash about 3,700 jobs by 2013 as part of its restructuring measures.
Germany-based BASF, the world's largest chemical manufacturer, acquired Swiss chemical maker Ciba last year in a $3.27 billion transaction.
A meeting of the board of directors of BASF India Ltd is scheduled on January 27, 2003 to consider and take on record, inter alia, the unaudited financial results (provisional) for the quarter ended December 31, 2002.
BASF India reported a 20 per cent increase in profit before tax compared to the previous year.
BASF India Ltd has posted a net profit of Rs 55.10 million for the quarter ended December 31, 2002 as compared to Rs 74.20 million in the quarter ended December 31, 2001.
After being underweight on domestic agrochemical companies and preferring global plays, brokerages believe that the former may perform better in the quarters ahead. Domestic crop protection companies have faced multiple headwinds over the past year and a half, given high inventory costs, pricing pressures, lower realisations in the generic segment, increased stocks due to lower infestations, and demand-led hits to volumes. Some of the overhang from previous quarters was reflected in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24) as well, with aggregate revenues and operating profit for the sector down 12 per cent and 27 per cent, respectively.
India must integrate more with East Asia by getting into regional trade arrangements, lower its tariff walls, and improve the quality of its workforce, suggests T N Ninan.
The race for space has got real, and it is attracting funding like never before. In 2022 so far, funding to private players in the space sector has jumped a whopping 61.5 per cent - soaring to $108.52 million compared to $67.2 million in 2021. Propelling it is the government's decision to open up the space sector to private players and the work done by companies like Skyroot Aerospace, the Hyderabad-based start-up behind the launch of India's first privately developed rocket on November 18.
Cochin Shipyard, BASF India, Ingersoll Rand, Eicher Motors, Federal Bank, and Timken India are some of the firms where voting could have got affected, sources said.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
The environment ministry is likely to allow generic modification of food crops.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The government on Wednesday cleared 21 FDI proposals worth Rs 84.90 crore (Rs 849 million), most of which is likely to be brought in by the world's largest chemical company BASF through an open offer.
In a list compiled by international chemical business information provider ICIS, Ambani has moved up four positions in this year's list, topped by German chemical major BASF chairman and CEO Jurgen Hambrecht. Ambani is the only Indian on the ICIS Top 40 Power Players list for 2008.
Corporate Social Responsibility is increasingly seen as a key differentiator, something corporates can no longer ignore.
Wipro Technologies, an information technology and outsourcing company, is poised to acquire the IT arm of a major company in Germany.
TCG-led consortium will be required to pay more than $5.16 bn for Basell.
FMCG giant Unilever CEO Paul Polman and technology major Intel President Renee James on Tuesday met Prime Minister Narendra Modi as a slew of global corporatehonchos continue to line up to express their intention to invest in India.
Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Multinational consumer goods company Procter & Gamble has been named world's best company in terms of leadership followed by General Electric and Coca-Cola in the second and third place respectively, as per a Hay Group study.
Sustained growth only if domestic manufacturing rises
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Domestic and foreign companies pour in a slew of investments in Gujarat.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
The S&P BSE Sensex plunged 128 points to end at 25,102.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
There is nothing specific announced for Chemicals Industry, however, reduction in customs duty
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
Europe's discordant leaders snatched a deal on Monday that might just avert Greece's euro exit, but global investors' faith in the durability of the single currency has been tested yet again.
In 2015, India chemicals industry had a market size of $144 billion.
The index had risen over 585 points in the previous three sessions.
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