The plot C-65 in the G Block of Bandra Kurla Complex was leased to Goisu Realty (a unit of Sumitomo) for 80 years by MMRDA.
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
With Pirojsha Godrej at the helm, Godrej Properties posted a fourfold jump in profit in the third quarter of the current financial year, probably the only real estate company that did so well in that quarter.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
The office, spread over 52,775 square feet carpet area, in Mumbai's suburban financial centre Bandra Kurla Complex, is on the fourth floor of the building 'Jet Airways Godrej BKC'.
Transparency is more than welcome, but govt should not look vindictive.
Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.
Opposition politicians on Wednesday stalled a last minute attempt by Prime Minister Narendra Modi's government to pass the Goods and Service Tax bill.
The school was run on strict Gandhian lines, with stress on students doing things themselves. Physical comforts were minimal, in keeping with the relatively backward geographical area. But it had a staff of teachers dedicated to educating their students, not just imparting them book-learning, remembers Shreekant Sambrani.
A friendly working environment, special healthcare facilities, flexible work hours, work from home options, support and camaraderie among the team members keep employees highly motivated in these 10 companies.
The country's largest consumer goods company Hindustan Unilever says it has been able to reduce its water use by regular metering, monitoring and controlling of utilities consumption at all its manufacturing sites
Top business leaders to raise issues on investment, trade and the rupee
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand.
Chandrayaan-3's success is a must for India's space ambitions; we can't afford to lose out. And for realising our space dreams, the Indian private sector must be encouraged because if we lose this race, the moon, Mars, and mineral-rich asteroids will already be crowded before we reach there.
'The main thing Cyrus left is to tell us that you can be a business leader by being good.' 'He practiced that in all of his dealings, in all of his decisions -- in the way he thought, the way he behaved and indeed as he spoke.'
The JCB Prize for Literature is worth Rs 25 lakh.
India Inc has pitched for rate cut to boost economic activities.
The global Indian company has hit gold in the Emirates of the Gulf.
Global economic recession that had affected the world "will soon be a forgotten word, at least in India," renowned industrialist N B Godrej said.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
Geithner and Bernanke held talks with India's major multinational corporations.
CEOs are not happy with scorecard so far but are ready to invest more as they think one year is too short a time to revive the economy
Aggressive Hindutva elements have also disappointed industry captains
Companies whose products have not been picked up for distribution in Gujarat under a "non-cooperation movement" include Marico, Dabur, Emami, Britannia, Reckitt Benckiser, and Godrej Consumer Products.
Maharashtra, which contributes between 12 and 15 per cent of appliances sales, announced lockdown-like curbs, meaning there will be no business for the second half of the month as well from the state.
Falling incomes and longer winter to translate into lower demand for at least some months.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
Top ten billionaires in India.
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
The Adani group has the maximum number of companies in the trillion club at five, followed by the Tata group (four).
Listed realty developers saddled with unsold properties worth Rs 1 trillion
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit a new high of Rs 4,512 after surging 8 per cent on the BSE in Wednesday's intra-day trade, on the back of heavy volumes, ahead of 1:5 stock split. The trading volumes on the counter more-than-doubled today, with a combined 7.02 million equity shares having changed hands on the NSE and BSE till 11:19 am. In the past one week, the stock of the state-owned travel support services company has rallied 20 per cent after the company on September 29, 2021, said that it has fixed October 29, 2021 as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares of Rs 10 each into five (5) equity shares of face value of Rs 2 each.
Despite a 56 per cent fall in residential launches in the first half of the year compared to the second half of 2019, Anarock Property Consultants believes that consolidation in residential real estate is expected to gain ground, and that branded players may garner a market share of 75-80 per cent.
'Parsis are brought up with a great sense of the importance of truth and speaking your mind.'
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Laughter was a component of Parmeshar Godrej's large-hearted Punjabi spirit, recalls Sunil Sethi.
FMCG CEOs indicate that the market should stabilise post the general elections and that some growth should make its way back especially in rural areas
