BUSINESS
Why Chairman SN Subrahmanyan’s annual pay stands out in publicly-owned L&T
Subrahmanyan’s total compensation for FY24 stood at Rs 51.05 crore which was 534 times the median pay of an L&T employee
BUSINESS
Tata Steel and JSW Steel are rapidly losing their COVID-era cash pile. Here’s why
According to data from Bloomberg, cash, and cash equivalents of Tata Steel and JSW Steel have fallen by 45 percent to 28 percent between FY22 and FY24, after reaching historical peaks from windfall gains, driven by higher steel prices during the pandemic years.
BUSINESS
Decoding Titan and Kalyan's stellar growth in jewellery sales
Players in the jewellery space have strategically shifted focus to manufacturing lightweight pieces to cater to the preferences of younger consumers, especially those who desire daily wear gold jewellery that complements western-style attire, analysts say.
BUSINESS
Apollo Green in talks with foreign players for clean hydrogen tech
Of the Rs 10,000 crore project portfolio, the company aims to allocate 90 towards renewable energy projects, with the remaining 10 percent focussed on conventional EPC.
BUSINESS
FMCG firms expect gradual recovery in 2025 amid easing inflation and rural growth
Company executives and analysts cite easing inflation, the shift towards premiumisation, and the full impact of rural recovery among the reasons for the growth.
BUSINESS
FMCG companies double down on ‘super workers’ in rural markets
Modern demand prediction models are bringing production and distribution closer to real-time. This paradigm shift is bringing a new set of challenges and opportunities for FMCG companies, data shows.
BUSINESS
CleanMax earmarks Rs 4,000 crore capex in FY26 for adding 1GW capacity
CleanMax plans to scale up its capacity by nearly 1 GW annually, according to founder and managing director Kuldeep Jain. Seventy percent of the 1,000-MW energy portfolio expansion plan will consist of solar projects and the rest would be wind projects.
BUSINESS
Baskin Robbins eyes strong growth in snacking segment, targets 14-15% overall sales growth
After COVID, the surge in demand for packaged goods in India led to a significant rise in the sales of snacking items. Baskin Robbins seized this opportunity by diversifying its product portfolio, repositioning ice creams from a post-meal indulgence to an anytime snack option..
BUSINESS
INOX India prefers greenfield expansion over expensive acquisitions: Siddharth Jain
With a stronghold in cryogenic technology, the company's non-executive director says INOX India aims to expand its LNG fuelling infrastructure and explore emerging opportunities like liquid air batteries.
BUSINESS
MC Exclusive | Adani Group evaluates acquiring Star Cement for expansion in NE
Star Cement enjoys the highest market share in the North East with an installed capacity of 7.7 mtpa and aims to reach 25 mtpa by 2030
BUSINESS
Why Bata continues to lose market share in the low-priced segment?
CEO Shah sees a double blow from GST and raw material cost hike, compounded by a growing prominence of private labels like Zudio and Westside behind the loss of market share for Bata
BUSINESS
Power Hungry: JSW Group plans increased investments in renewables, thermal energy
JSW Energy eyes 20 GW of power generation capacity and 40 GWh / 5 GW of energy storage by 2030.
BUSINESS
JSW Group Chairman Sajjan Jindal plans to indigenise electric vehicle technology, set up R&D centres
The group, through its joint venture company JSW MG Motor India, entered the electric vehicle space earlier this year and currently relies on the Chinese company for technology.
BUSINESS
Why India Inc is upbeat about wedding season for a rebound in demand
Marriages are happy occasions for consumer product companies as well, and they are optimistic about a demand revival in the third quarter thanks to a higher number of auspicious dates for weddings, backed by favourable policy changes such as a customs duty cut on gold.
BUSINESS
Paint companies ramp up sales team hires to regain the lost lustre
The slowdown for most paint players likely started in Q4FY24 and intensified through the early quarters of FY25, amid rising crude prices and weakness in demand for the decorative paints segment, especially in the rural market.
BUSINESS
Indian solar firms stare at cost hikes as China cuts rebates on key components
The supply glut in China has driven down module prices globally, improving the cost economics for Indian developers who saw the average cost of large-scale solar projects going down by 25 percent in the second quarter of 2024, according to data from market research firm Mercom.
BUSINESS
Linde, Acme, Thermax among those interested in IOC's green hydrogen project
Last week, the state-owned oil marketing company pushed the deadline to submit bids by three weeks to December 2 amid a flux of queries from potential partners.
BUSINESS
FMCG companies tighten kirana store supplies amid profitability pinch from q-commerce platforms’ growth
New retail channels such as q- commerce and e-commerce have transformed the Indian retail landscape. Around 2 lakh kirana shops — mostly located in metropolitan areas — have shut down due to the rise in q-commerce platforms, according to a recent industry report by the All India Consumer Products Distributors Federation.
BUSINESS
HUL continues to focus on quality, category development rather than reacting to short-term market fluctuations: CEO Rohit Jawa
In Q2FY25, HUL reported a revenue growth of 1.5% YoY, mainly due to growth in the home care segment, while beauty & personal care and foods & refreshment segments declined
BUSINESS
Aditya Birla group stands to gain from Trump's 'America First' push, say analysts
Expected tax cuts and import tariffs could create favourable conditions for Birla’s US-based aluminium business Novelis, which has extensive investments in that country
BUSINESS
Vedanta Q2 results: Mining major swings into black, posts Rs 4,352 crore profit
Vedanta Q2: The mining major's revenue from operations fell 3.6 percent to Rs 37,171 crore from the year-ago period
BUSINESS
No major capex for Tata Steel's Dutch unit in next 12 months, says CFO
Tata Steel's EBITDA in the Netherlands for the quarter was Rs 243 crore, against a loss of Rs 1,145 crore last year, but lower than the Rs 453 crore reported in the April-June quarter.
BUSINESS
Male grooming's missed potential: Why FMCG giants are betting on digital brands despite slower growth
While digital channels have provided these brands a foundation, sustained growth may depend on mastering offline channels, analysts feel.
BUSINESS
Why there are very few takers in the secondary market for India’s renewable energy assets
Investor attention shifted as lower component costs improved the economic viability of new renewable energy projects, particularly in the solar sector
