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FY26 is likely to be a challenging period, given where we are in the overall cycle and our geographical exposure, Bharat Forge's BN Kalayani said after the results.
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CII president Sanjiv Puri said Indian companies should strongly reassess their partnerships with firms from nations that supported Pakistan during recent conflict
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The electronics division of Kalyani Powertrain announced the plans on February 24, calling it a major milestone for India's server infrastructure, and plans to integrate AMD's technology with domestically manufactured solutions.
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The two wills reportedly detail different plans for distributing Sulochana's estate, which includes properties and shares in the Kalyani Group. The case is set to be heard next month.
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Baba Kalyani, in an affidavit filed in the Pune civil court, said his nephew Sameer Jai Hiremath and niece Pallavi Swadi have no right to seek partition of the Kalyani Hindu undivided family’s (HUL) assets.
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Anticipating significant expansion in the defence sector, Baba Kalyani mentioned that in the upcoming years, the defence business could potentially surpass the company's core business in terms of size.
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Speaking of the defence vertical, CMD Kalyani also said that 80 percent of the business is exports and that the company is seeing huge demand from different countries for their defence products.
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Over 53% of institutional shareholders voted against the special resolution to reappoint Kalyani as MD. However, promoter group's votes carry the resolution through in favour of him.
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At a panel discussion, leaders of India Inc also shared their thoughts on the state of the economy and the likely trajectory ahead
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Kalyani's remarks came shortly after Bharat Forge released the Q4 FY22 results, showing a nine percent surge in net profit to Rs 231 crore.
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A recovery in its core trucking segment and investments in non-core areas are expected to yield returns although cost pressures could weigh on margins in near term
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While the current upward trend in autos is welcome, in the long run, it will be Bharat Forge's foray into new areas that will provide support
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Bharat Forge reported a consolidated net loss of Rs 210.45 crore in the third quarter ended December 31, 2020.
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"The group is committed to assist the central and state government and the local authorities in all possible ways to deal with the pandemic. We are also using our group R&D facilities to look at ways of easing the shortage of critical medical equipment's, including ventilators, Respiratory equipment and other sanitation/hygiene equipment.
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The government has constituted a group headed by Bharat Forge Chairman Baba Kalyani to evaluate policy on the country’s special economic zones (SEZs).
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The commercial vehicle business comprising of medium and heavy vehicles was growing at a fast rate in India, which is good for component manufacturers, said Baba Kalyani CMD, Bharat Forge.
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CNBC-TV18's Rituparna Bhuyan caught up with Baba Kalyani, Managing Director of Bharat Forge and asked him that how important are the goods and services tax (GST) related issues raised by small traders.
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CNBC-TV18’s Rituparna Bhuyan caught up with Baba Kalyani, MD of Bharat Forge for his take on Reserve Bank of India’s (RBI) status quo policy and growth outlook for this fiscal.
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Bharat Forge's Class 8 truck orders in the month of August saw steady growth which indicates a strong year in 2018. In an exclusive interview to CNBC-TV18, Baba Kalyani, CMD of Bharat Forge spoke about the North American heavy truck market and latest happenings in the company.
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Kalyani Rafael Advanced Systems, the joint venture between the two with 51 percent ownership resting with Kalyani group, would be the first private sector entity to manufacture such weapon systems in the country.
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North American Class 8 truck orders reported double-digit growth for two months. Speaking to CNBC-TV18, Baba Kalyani, CMD of Bharat Forge said that North American heavy truck market is beginning to show signs of some robustness.
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The company, which manufactures defence products in a joint venture with Israeli defence firm Rafael Advanced Defense Systems, will showcase jet engines at the upcoming Aero India 2017, said Chairman Baba Kalyani.
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"Despite a weak demand environment in domestic market and a slow global recovery, the company posted topline growth in the quarter driven by continued focus on diversification and increasing market share across segments, while profitability improved on a sequential basis despite input cost pressure," Baba Kalyani, CMD said.
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Every business had bottomed and growth has witnessed a slump in the last year, says Kalyani. However, he feels the growth is returning and he sees double-digit growth coming back next fiscal.
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Bharat Forge‘s board today approved acquisition of North American company Walker Forge Tennessee for USD 14 million. Managing Director Baba Kalyani told CNBC-TV18 Bharat Forge will strive to take revenues of Walker to USD 50-60 million from USD 28 million likely in CY16.
