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.
Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Whether it is protecting its turf in its core utility vehicle segment through new model launches, or stepping up investment in electric vehicles, the Anand Mahindra-led firm is leaving nothing to chance
Belgian IT company Capco on Wednesday opened its largest development centre outside Europe and plans to hire over 50 professionals this year to see India playing a core role in the firm's global IT operations.
'This offers us many opportunities to meet people in different ways, and we will do this with full respect to India.'
It's also among the top five most valuable Internet companies in India, reports Yuvraj Malik.
The company's India focus hasn't changed with the change in CEOs.
Ambani's $15 bn bet will upend Indian telecom
Profit up due to strong performance of biopharma segment.
Indian IT giants are outstanding companies with great management teams, but they have been held hostage by their past success.
The company is looking at demerger of land banks from RCom and then go for separate listing.
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
Lack of new investments may undermine higher consumption
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
Reliance Jio and Facebook will look to use WhatsApp for delivering goods from local neighbourhood kirana stores to consumers before expanding collaboration in education and healthcare sector, billionaire Mukesh Ambani said soon after announcing the mega Rs 43,574 -crore deal. "All of us at Reliance and Jio are delighted to welcome Facebook Inc," he said in a short video message posted on the group's social media handles.
Japanese telecom major would invest $50 mn in the start-up in 'December or latest by January'.
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
The company's revenue rose 16.08 per cent to Rs 25,668 crore.
Ashok Leyland's debt increased to Rs 5,500 crore as of June, from Rs 4,300 crore at the end of the March quarter, mainly due to higher working capital.
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Plans another $1-billion fund, wants to expand core team in India.
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
The company is also looking to invest in Indian start-ups.
In its latest transition, the company will also double up as an investment vehicle.
The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units
Sequoia Capital might emerge as leading global investor in start-up space in the country, as funds from other sources dry up.
'Jobs will exist at very high levels or low levels of skill sets.' 'People, who are in middle level jobs, are the ones who are facing the problem as such jobs are fast disappearing because of technological advancement.'
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
Bhargav Dasgupta, managing director and chief executive officer of ICICI Lombard, tells Subrata Panda, in an interview that the company has adequate capital for now and does not see a need for fresh infusion through markets over the next few years.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
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
The P-75 index, a subset of BSE 500 stocks, has severely underperformed the broader market across time horizons
One of the reasons for the failure, say industry experts and financial analysts, is that Emami strayed too far from its core with sanitary napkins.
With Infosys emerging out of an uncertain phase, the new management, led by CEO & MD Salil Parekh, is trying to catch up with market leaders, with the new strategy in place.
ITC will also launch paneer shortly and is also working on cheese and Tetra Pak milk
US firms are seeking Indian engineers to work on technologies similar to their global counterparts
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
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