BSE 200 companies together paid 5,819.75 crore as remuneration to their CEOs and directors in FY25, up from 5,352.8 crore a year earlier.
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
As India's tea exports reach their highest in years, a sharp rise in imports is raising concerns among producers. In 2024, India took the third spot in tea exports, pipping Sri Lanka after exporting 254.67 million kg (mkg) of tea, up from 231.69 mkg in 2023.
The Andhra Pradesh government sold its entire 25.36% stake in AP Paper Mills Ltd to the L N Bangur group, the private promoters of the company with a holding of 46.73 per cent.
A severed human head, suspected of that of a woman, was recovered from a garbage dump in Kolkata's Tollygunge area on Friday morning, police said.
Families of two West Bengal women killed in a stampede at the Maha Kumbh Mela have alleged that they were handed over the bodies without death certificates. They received only a piece of paper mentioning that the body was given to them. The victims, Basanti Poddar and Urmila Bhuniya, were killed in the pre-dawn stampede on January 29. A senior West Bengal minister alleged that "total mismanagement" prevailed in the Maha Kumbh Mela.
Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
Of the top four companies, which collectively hold more than half of India's market share, two have pitted Shah Rukh Khan and Sunny Deol against each other.
Mastermind Shrinivas Rao Dadi, 49, who has sound technical knowledge despite limited education, was taken into custody by a team of Bangur Nagar police station from a plush hotel in Hyderabad, the official said.
Two film sets, one of Rajshri Productions and another of director Luv Ranjan's new film, were gutted in the blaze.
Acceleration in demand, together with marginal price hikes of about 2-3 per cent by cement companies in the October-December quarter (third quarter, or Q3) of 2022-23, may not be enough to cushion the impact of high input costs on the bottom line, reveal Bloomberg consensus estimates for the quarter. Year-on-year (YoY) net sales growth in Q3 will come in at nearly 7 per cent, shows Bloomberg data, while bottom-line growth will show a sharp decline of 25 per cent from a year ago. The earnings before interest, tax, depreciation, and amortisation (Ebitda) will likely decline by nearly 5 per cent versus a year ago, shows data.
In the early part of 1800, a 30-acre plot next to Fort Gloster on the banks of river Hooghly in Howrah district of Bengal was the nerve centre of industrial activity; it housed India's first steam-powered cotton mill, Bowreah Mills, which was set up by a British merchant and went on to become a hub of factories - a rum distillery, foundry, cotton yarn factory, an oil mill and a paper mill, et al. Spearheaded by Dwarkanath Tagore, the industrialist grandfather of Rabindranath Tagore, the commercial complex was possibly the first of its kind in the country. Close to 200 years later, after much ebb and flow of history, the hub is set for a resurgence of sorts.
A major fire broke out at the set of Adipurush, a film starring actors Prabhas and Saif Ali Khan, in suburban Goregaon on Tuesday afternoon.
The Trinamool Congress chief has slight fever and has been shifted to aspecial ward at the hospital's VVIP Woodburn Block soon after the MRI at the Bangur Institute of Neurosciences, he added.
"To make sure there isn't a Covid surge in the country, PM Modi has asked us to be careful. The government is also preparing if at the Covid cases increase. Today, mock drills are conducted across Covid hospitals in the country to make sure people get proper treatment," Mandaviya said.
With infrastructure claiming a larger share, movement and distribution of cement is bound to change.
The possible acquisition of Holcim India business will be one of the biggest inbound corporate deals in the country. Currently, Walmart Inc.'s $16-billion acquisition of Flipkart Online Services in 2018 remains the biggest acquisition of an Indian asset by any acquirer, followed by BP plc acquisition of 30 per cent stake in Reliance Industries' 23 oil and gas production blocks in 2011 for $7.2 billion. Bloomberg reported late on Wednesday night that Holcim - the world's biggest cement maker - is considering a potential sale of its India business and gauging interest in its controlling stake in Ambuja Cement.
Mukesh Ambani continues to remain the richest man in India.
'East Bengal have a great legacy. We all want Mohun Bagan and East Bengal to play in ISL. I am very happy that Mohun Bagan are playing and we all want East Bengal to play in the ISL too.'
Forty-nine migrant workers have been inducted by the state government as members of its 'COVID-19 Warriors Club' to assist the coronavirus patients.
Six persons, including a woman, died and ten others were seriously ill after they consumed illicit liquor at Radhaballavpur in South 24 Parganas district, an official said on Sunday.
With the increased death rate in the ongoing second wave of Covid-19, domestic cement companies are in no better condition than they were in the April-June quarter of FY21 when the country faced nationwide lockdown. "This wave has had high death rate which has impacted the business. "We are in no better situation than last (year) April. "Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard since April (FY22)," M Ravinder Reddy, director of Bharathi Cements said.
Loss of Odisha Sands Complex is estimated at about Rs 100-crore.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Pharmaceuticals, along with software and services, also added the most new entrants on the rich list 2018.
Cement may get costlier by Rs 7 per bag of 50 kg because of the hike in freight rate by 5.79 per cent in Railway Budget today, but manufacturers of the building material said a final call will be taken after the Union Budget.
With two more deaths being reported on Saturday in the state's worst-ever hooch tragedy in West Bengal, the toll rose to 173, officials said.
In one of the worst hooch tragedies in West Bengal, 57 people, mostly labourers, rickshaw-pullers and hawkers, died and over hundred have been hospitalised in serious condition after consuming illicit liquor at Mograhat in South 24 Parganas district on Wednesday.
West Bengal Chief Minister Mamata Banerjee's surprise visit to a state-run hospital in Kolkata on Thursday led to a sharp exchange with its head who was later suspended for objecting to the presence of the media which followed her in.
Tarak Nath Haldar was admitted to M S Bangur hospital while Mohammad Azizul Rahman was admitted to Budge Budge Rural Hospital on Sunday, Chief Medical Officer Health, Sachidananda Sarkar told PTI.
According to industry analysts, this will have a marginal effect because hardly 10 per cent of the cement sold in the country has the maximum retail price of Rs 250 a bag (50 kg). H M Bangur, president, Cement Manufacturers' Association and managing director of Shree Cement, said: "Such a measure will have impact on certain regions of the country where the prices are on the higher side. This will include the north-east, Tamil Nadu, Kerala and Mumbai."
Finance Minister P Chidambaram's efforts to bring down cement prices have finally borne fruit as cement manufacturers have introduced cuts in prices.
The Bombay HC on Tuesday granted interim protection from arrest till April 18 to actor-producer Rahul Raj Singh, who has been booked for abetting the suicide of Pratyusha Banerjee.
The boyfriend of television actress Pratyusha Banerjee, who allegedly committed suicide at her flat in suburban Goregaon last week, will be questioned again
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
K K Bangur Group flagship Graphite India Limited on Tuesday said it has been selected by Forbes Global amongst 200 best small companies for 2004 outside the United States which have annual sales of less than $1 billion.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
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