Mumbai: Investors are usually excited by product launches. It’s the most natural way for companies to grow businesses and build market share. But when BSE, Asia’s oldest stock exchange, brought back its Sensex derivatives products in a new form earlier this week, the excitement was relatively muted. The relaunch is a fresh attempt by the … Read more
” I can only say that there is possibility of improvement from here on and as I said that the gross margins will definitely improve. So, to that an extent our investment in the top line, the growth initiative will also be there,” says Anuj Jain, MD, Kansai Nerolac Paints. Do you think the market … Read more
Mumbai: The Adani Group has received firm commitment for $800m debt facility, which will be used to refinance the Adani Green Energy‘s $750 million 4.375% bond due in September 2024 and can finalise the term sheet in next five days, the management informed investors, said two fixed income investors who attended the roadshow. This week … Read more
Mumbai: A battle is brewing between shareholders of and a creditor over control of the company that’s worth hundreds of crores of rupees amid charges of attempts by fugitive borrower Vijay Mallya to regain by proxy the entity that was once the holding company for various businesses of his family. Shareholders of McDowell Holdings have … Read more
April 17, 2022 Several businesses in Pennsylvania have filed a lawsuit in state court to overturn the renewed mask mandate scheduled to take place in Philadelphia on Monday, according to The Associated Press. The suit says the city lacks the authority to impose a new mandate. Philadelphia became the first major city this week to … Read more
Jan. 13, 2022 — The U.S. Supreme Court on Thursday blocked President Joe Biden’s vaccine mandate for large businesses but said a similar one may continue while challenges to the rules move through lower courts. The vote was 6-3 to block the large business mandate and 5-4 in favor of allowing a similar mandate for … Read more
Mumbai: Tata Capital, the flagship financial services company of the $103 billion salt-to-aviation Tata Group, is expecting to record its highest-ever profit this fiscal year, after tweaking its loan book to capitalise on rising retail demand and reducing exposure to lumpy corporate loans. Consumer loans and mortgages would top the growth as it aims to … Read more
Aug. 11, 2020 — “I’ve been vaccinated for two months. I’ll be there!” “Such a great call.” “Discrimination and segregation always worked so well in the past, why not repeat it!” These are just a few examples of the types of online reactions that restaurants have received after taking … Read more
(This story originally appeared in on May 31, 2021) Mumbai: The worry about economic uncertainty notwithstanding, Indian family-owned businesses are upbeat about their prospects in 2021-22. In a study of over 100 family-owned businesses by Executive Access India, conducted exclusively for TOI, 64% companies said they are optimistic in their outlook for the current financial … Read more
Life insurers have reported a shrinkage in first-year premiums to end the quarter ended December at `1.91 lakh crore. The fall, though marginal, can be attributed to Covid-prompted lockdown and business disruption in the first quarter of this fiscal year. Demand for health insurance helped non-life insurers to tide through the tough times. That said, … Read more