Tata Steel is fine-tuning strategies to enhance revenues.
Indicating willingness to take any of its competitors head-on for maintaining its leadership position in the motorcycle market, Hero Honda on Thursday said it could cut margin albeit as the last option if situation demanded.
Amid cooling raw material prices, the crude-oil linked companies, which includes paint and tyre firms, have been on a roll over the past one year. Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex. Analysts, however, believe stretched valuations in both these sectors could trigger a de-rating.
While domestic market growth is important, the sales trajectory in the international markets, which account for 45 per cent of the revenues, will be a key rerating trigger, say analysts.
However, speculation remained rife that the meeting was part of Banerjee's plan to form an opposition front with regional players minus the Congress.
The auto component sector grew at 5-6 per cent last year against a 13 per cent growth in 2012.
Casting aside rubber growers' fear of a price fall, spot natural rubber rates began its northward journey this week.
Global warming threat has forced all developing nations to go for bio-fuel in a big way. The case of India is also not different.
petroleum minister has announced that fuel prices would not be hiked and talks with allies on the issue were on.
Isonox Bio-Energy, the first bio-diesel manufacturing unit in Nashik, has started operations at the Ambad area of MIDC Nashik. The unit will manufacture bio-diesel from Jatropha curcas seeds.
Japan's fourth largest steelmaker Kobe Steel plans to set-up an iron nugget plant in India and is currently in discussions with the diversified Chowgule group of Goa.
Since its results, the stock of bottling and beverage distribution company Varun Beverages (VBL) is up 7 per cent on the back of a strong 2022-23 January-March quarter performance, robust outlook, and revision in profit estimates. Given the sharp uptick, it is now part of the trillion-rupee club, with its market capitalisation at Rs 1.01 trillion. The stock is one of the best performers in the consumer space as well as the S&P BSE 200, of which it is a constituent.
Prime Minister Narendra Modi said on Wednesday that international travel should be made easier through mutual recognition of vaccine certificates, amid several countries adopting different sets of rules to allow foreigners to enter their territory in the wake of the COVID-19 pandemic.
With the prices touching a two-year high, CEOs of leading companies expect a cut in corporate tax and measures to boost the capital markets in the Budget 2007-08 to be presented on February 28.
India's GDP is estimated to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci's Economic Outlook Survey released on Sunday said. According to the survey, the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal. The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review, the survey said.
Adar Poonawalla says it took a five-minute chat with his father Cyrus before making the decision to manufacture Covishield. The bet paid off, and handsomely. Serum Institute now has the capacity to make 4 billion doses of Covishield annually.
The apex court, which quashed the criminal proceedings pending at a Chennai court against two people, said law is meant to exist as a shield to protect the innocent rather than being used as a sword to threaten them.
Tata Group on Wednesday announced an investment of 4 billion pounds (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers. Tata Sons, owner of JLR, chose Bridgwater in Somerset in southwest England for the gigafactory over a rival location in Spain. The gigafactory, at 40GWh, will be one of the largest in Europe and Tata's first outside of India, the conglomerate said in a statement.
Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
This has come at a time when commodity prices have dropped and several companies are seeking to lower prices to boost sales. "While the recent drop in raw material prices have been an enabler, our margins are still under pressure due to several factors like operational expenses as well as production and packaging costs, which have peaked year-on-year," said a company official.
In a moved aimed at bringing inflation under control, the government cut customs duty on 11 product categories, including portland cement, capital goods, project imports and raw materials, late Monday night.
In spite of the buoyant overall business sentiments, Indian corporations, mainly in the services sector, appear to be pessimistic on sales for the next six months and expect pre-tax profits to be flat.
Growing at an annual 13 per cent rate, domestic leather industry aims at doubling its exports earnings to $4 billion by 2010.\n\n
The launch of the crewed space mission, Gaganyaan, is being planned before the next Independence Day and this will be proceeded by two uncrewed missions, Lok Sabha was informed on Wednesday.
