Thursday, February 29, 2024

It is the end of an era at Starbucks

It is the end of an era at Starbucks Howard Schultz didn’t start Starbucks, but he built it into the company it is today. And in him, we saw how the best and worst parts of founders and longtime CEOs are often one in the same. Everything is personal for them. They inject a company with passion and dedication, but that also can mean they make decisions using emotion rather than reason. So for Schultz, the arrival of the union was deeply personal. He believed that only badly behaved companies needed unions to protect their workers; in his mind, Starbucks was not that kind of a company, and he was not that kind of a CEO

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Wednesday, February 28, 2024

Diabetes, BP drugs to cost less as NPPA fixes retail prices of 69 formulations

Diabetes, BP drugs to cost less as NPPA fixes retail prices of 69 formulations Various drugs manufactured by listed players like Sun Pharmaceuticals, Alkem Laboratories, Cipla Ltd, Mankind Pharma, Lupin Ltda and Torrent Pharma are included in the list.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/diabetes-bp-drugs-to-cost-less-as-nppa fixes-retail-prices69-formulations_17481691.html

India and Taliban: The strategic sense in doing business with the government in Afghanistan

India and Taliban: The strategic sense in doing business with the government in Afghanistan A team of technical experts that New Delhi recently flew into Herat to inspect the Salma dam that Indian painstakingly built is suggestive of India’s intent to constructively engage with Afghanistan to protect national interests

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Manappuram Finance: Who should own this stock?

Manappuram Finance: Who should own this stock? Proposed microfinance IPO and reasonable valuation could be a big draw for risk-takers

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Top India Airlines optimistic on deliveries despite supply woes

Top India Airlines optimistic on deliveries despite supply woes IndiGo, which has a backlog of almost 1,000 single-aisle Airbus jets, is predicting it will take one new plane each week and is implementing measures to mitigate disruptions.

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Tuesday, February 27, 2024

Australia#39;s January inflation holds at two-year low, eyes on February release

Australia#39;s January inflation holds at two-year low, eyes on February release Attention is set to quickly turn to February#39;s release for clues on the direction of next steps by the Reserve Bank of Australia as the second month in a quarter will contain more data on inflation in the services sector, which has been declining at a slower pace than for goods.

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Country Garden faces liquidation petition in new blow to China property sector

Country Garden faces liquidation petition in new blow to China property sector Country Garden said in a regulatory filing to the Hong Kong Stock Exchange it would "resolutely" oppose the petition, which was filed by a creditor, Ever Credit Limited, a unit of Kingboard Holdings. A court hearing had been set for May 17.

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Nita Ambani likely to be chair of India#39;s merged Reliance-Disney media business: Reuters

Nita Ambani likely to be chair of India#39;s merged Reliance-Disney media business: Reuters Reliance, controlled by the Ambani family, and Disney are closing in on signing their India media merger deal which has been in the works for months, and an announcement is likely late Wednesday, the sources said.

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US FDA to boost inspections of drug manufacturing units in India

US FDA to boost inspections of drug manufacturing units in India The FDA conducted more than 200 inspections in 2023 in India, picking up after a lull in unannounced inspections during the pandemic.

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Japan#39;s Takeda partners with India#39;s Biological E. to boost dengue vaccine production

Japan#39;s Takeda partners with India#39;s Biological E. to boost dengue vaccine production These doses will be available for governments in endemic countries by 2030 as part of their national immunization programmes.

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Monday, February 26, 2024

NCLT approves Hinduja Group firm IndusInd International Holdings#39; resolution plan for Reliance Capital

NCLT approves Hinduja Group firm IndusInd International Holdings#39; resolution plan for Reliance Capital The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company.

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What are nutraceuticals and why is government planning more regulations around them?

What are nutraceuticals and why is government planning more regulations around them? Though nutraceuticals are consumed widely, there is limited evidence of their health benefits in well-nourished adults. The government is planning tighter regulations on their quality, pricing and marketing aspects

from Moneycontrol Business News https://www.moneycontrol.com/news/business/whatnutraceuticals andis-government-planning-more-regulations around-them_17477091.html

Invoking Sixth Sense and its role in business investing

Invoking Sixth Sense and its role in business investing Having been taught to mistrust our bodies, to mistrust our intuition, to mistrust any information that is not analytical, we are now cut off from the feminine core of our intelligence—the belly brain. Instead, we live, think, feel, and experience from a head-based, masculine perspective, which is hugely distorting

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Allcargo Supply Chain aims to add 3 million sq ft of warehousing space in 2-3 years

Allcargo Supply Chain aims to add 3 million sq ft of warehousing space in 2-3 years Currently operating with 6 million sq ft of space, the company said in the initial phase of expansion, it plans to begin from the north and south regions.

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Indian hotel industry to report 7 to 9% revenue growth in FY25: ICRA

Indian hotel industry to report 7 to 9% revenue growth in FY25: ICRA ICRA said that sustenance of domestic leisure travel, demand for meetings, incentives, conference and exhibitions (MICE) are the factors which will drive demand in the next financial year, despite a temporary lull during the ensuing general elections.

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Sunday, February 25, 2024

Gensol Engineering bags two solar project orders worth Rs 337 crore

Gensol Engineering bags two solar project orders worth Rs 337 crore The contracts cover design, engineering, procurement, construction, and commissioning services, with modules as free-issue items, Gensol Engineering said in an exchange filing.

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Sun Pharma, Lupin, Alkem recall products from US market

Sun Pharma, Lupin, Alkem recall products from US market Sun Pharma is recalling 54,960 bottles of Mesalamine Extended-Release Capsules, an anti-inflammatory medicine used to treat a type of bowel disease known as ulcerative colitis

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Thursday, February 22, 2024

Electric bike-sharing platform Yulu Bikes raises $19.25-million capital in equity funding

Electric bike-sharing platform Yulu Bikes raises $19.25-million capital in equity funding The capital infusion will enable Yulu to maintain its growth streak and will strengthen its market leadership as it expands its reach in terms of vehicles, operational locations, and product and technology innovation to keep up with the rise in demand from users, the company said in a statement.

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Karnataka’s Misguided MNC Mandate: Putting politics over progress

Karnataka’s Misguided MNC Mandate: Putting politics over progress In today#39;s era of globalisation, states must enhance their competitiveness and refrain from coercing businesses into prioritising local hires for mere statistical representation. If Karnataka is attempting to ensure more Kannada speakers get MNC jobs, the state has to prioritise equipping its residents with high-quality education, skills relevant to current and future job markets, and opportunities for grassroots entrepreneurship

from Moneycontrol Business News https://www.moneycontrol.com/news/business/karnataka’s-misguided-mnc-mandate-putting-politics-over-progress_17472861.html

IKEA to close its store at Mumbai R City Mall by mid-2024

IKEA to close its store at Mumbai R City Mall by mid-2024 Spread across 70,000 square feet, the store was opened in June 2022 and offers a limited selection of IKEA goods, the statement said.

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Infosys CEO Salil Parekh joins USISPF Board

Infosys CEO Salil Parekh joins USISPF Board An industry veteran with nearly three decades in the IT services industry, executing business turnarounds and managing successful acquisitions, Parekh in his capacity as Infosys CEO sets the strategic direction of one of India#39;s most notable IT giants, while nurturing a strong leadership team to drive its execution.

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SpiceJet raises additional Rs 316 crore, total funds reach Rs 1,060 crore

SpiceJet raises additional Rs 316 crore, total funds reach Rs 1,060 crore The fresh capital infusion in the struggling airline comes amid its recent announcement of slashing its workforce by 10-15 per cent.

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Wednesday, February 21, 2024

How sustainable are current trends in earnings?

How sustainable are current trends in earnings? From a time when earnings disappointed but markets looked past them, now the earnings outlook has brightened but the question is if it’s already priced in

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Google to make Pixel smartphones in India by next quarter: Reports

Google to make Pixel smartphones in India by next quarter: Reports Google would start manufacturing smartphones in India and its flagship Pixel 8 will be available in 2024, it said last October, as it focuses more on a key growth market.

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Tuesday, February 20, 2024

India regulator uncovers $241 million accounting issue at Zee: Report

India regulator uncovers $241 million accounting issue at Zee: Report The amount found missing is not final and may change after Sebi reviews the responses from the company executives, the people said.

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Marketing Musings: What is the secret sauce of international brands in FB and hospitality businesses?

Marketing Musings: What is the secret sauce of international brands in FB and hospitality businesses? Every consumer touch point is thought through from the point of view of experience. All this is reduced to standard operating processes - with almost military precision. All this is executed through rigorous training that ensures consistent delivery time after time

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India#39;s AI market seen touching $17 billion by 2027, notes Nasscom: BCG report

India#39;s AI market seen touching $17 billion by 2027, notes Nasscom: BCG report The growth is seen on the back of an increase in enterprise tech spending, the country#39;s expanding AI talent pool and a rise in AI investments, the two said in a statement ahead of the report#39;s release on Wednesday.

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India regulator uncovers $241 million accounting issue at Zee

India regulator uncovers $241 million accounting issue at Zee The amount found missing is not final and may change after Sebi reviews the responses from the company executives, the people said.

from Moneycontrol Business News https://ift.tt/76sC9RJ

Waaree Renewable Technologies bags 980 MWp solar project worth Rs 991 crore

Waaree Renewable Technologies bags 980 MWp solar project worth Rs 991 crore The new order came from one of the leading renewable energy companies in India, Waaree Renewable Technologies Ltd (Waaree RTL) said in a stock exchange filing.

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Monday, February 19, 2024

Amazon starts delivery service in Uttarakhand#39;s remote village at 4,500 feet

Amazon starts delivery service in Uttarakhand#39;s remote village at 4,500 feet According to the company, it has become the first and only e-commerce company to deliver packages to Maharishi Ashram at Gajoli, situated at 4,500 feet in the Himalayan mountain range.

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Juniper Green Energy, Envision tie up to develop 300-MW wind project

Juniper Green Energy, Envision tie up to develop 300-MW wind project As per the partnership, Envision will supply 91 units of EN 156-3.3 MW WTGs (wind turbine generators) and oversee the installation, commissioning and maintenance of all WTGs.

from Moneycontrol Business News https://ift.tt/Rt5DkB1

Air India Tata Advanced Systems to invest Rs 2,300 crore in Karnataka

Air India Tata Advanced Systems to invest Rs 2,300 crore in Karnataka Chief Minister Siddaramaiah and Large and Medium Industries Minister M B Patil were among those present at an MoU signing ceremony in this regard here.

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Sunday, February 18, 2024

Safari – Why this suitcase ought to be carried during the investing journey

Safari – Why this suitcase ought to be carried during the investing journey The luggage maker is expanding capacity and foraying into premium products to cash in on the travel boom

from Moneycontrol Business News https://www.moneycontrol.com/news/business/safari-–-why-this-suitcase-ought-to-be-carried-duringinvesting-journey_17462921.html

Adani Group in talks with sovereign funds to raise $2.6 billion: Report

Adani Group in talks with sovereign funds to raise $2.6 billion: Report The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans.

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Saturday, February 17, 2024

Dr. Reddy#39;s eyeing to acquire Novartis#39; India arm: Report

Dr. Reddy#39;s eyeing to acquire Novartis#39; India arm: Report Novartis India, a listed entity, is set to undergo an assessment encompassing various aspects, including its parent Novartis AG#39;s 70.68% shareholding.

from Moneycontrol Business News https://ift.tt/PQ0bcM6

Thursday, February 15, 2024

Temasek divests 1.1% stake in Medanta for Rs 395 crore: Report

Temasek divests 1.1% stake in Medanta for Rs 395 crore: Report Temasek invested about Rs 700 crore in January 2015 to acquire almost 18% stake in the hospital chain

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Eknath Shinde govt accepts survey report on Maratha reservation

Eknath Shinde govt accepts survey report on Maratha reservation We will be able to implement OBC reservations or any other reservation without causing any harm to the Maratha community, says CM Shinde.

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Wednesday, February 14, 2024

IRCTC Q3 FY24 – Valuation running faster than the train

IRCTC Q3 FY24 – Valuation running faster than the train With limited growth opportunity in high-margin internet ticketing, we see modest earnings growth ahead

from Moneycontrol Business News https://www.moneycontrol.com/news/business/irctc-q3-fy24-–-valuation-running-faster-thantrain_17454731.html

PSP Projects bags construction order worth Rs 631 crore

PSP Projects bags construction order worth Rs 631 crore The order has been bagged to construct Gati Shakti Vishwavidhyalaya at Vadodara for Rail Vikas Nigam Ltd, the construction firm said in a regulatory filing.

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Mahindra Mahindra Q3 results draw bullish analyst calls, CLSA, HSBC, Nomura say ‘buy’

Mahindra Mahindra Q3 results draw bullish analyst calls, CLSA, HSBC, Nomura say ‘buy’ Its revenue from operations also climbed to Rs 25,289 crore as against Rs 21,653 crore in the corresponding quarter of last year.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mahindramahindra-q3-results-draw-bullish-analyst-calls-clsa-hsbc-nomura-say-‘buy’_17453441.html

Vedanta#39;s parent may sell $1 billion worth shares to GQG

Vedanta#39;s parent may sell $1 billion worth shares to GQG Saddled with $6.4 billion in outstanding debt, including a $4.5 billion payment due by fiscal 2025, Vedanta Resources has been attempting to shore up its finances, including through a recent debt restructuring.

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Tuesday, February 13, 2024

Monday, February 12, 2024

#39;To break glass ceiling#39;, Tata Steel invites applications from transgenders for various positions

#39;To break glass ceiling#39;, Tata Steel invites applications from transgenders for various positions As a leading global steel company, Tata Steel recognises the importance of "breaking the glass ceiling and mainstreaming transgender people" in society, it said.

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Krsnaa Diagnostics Q3 net profit down 4.4% at Rs 13 crore

Krsnaa Diagnostics Q3 net profit down 4.4% at Rs 13 crore Krsnaa Diagnostics#39; Q3 revenue, however, was up 34 percent from the year-ago period at Rs 158.3 crore

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SAIL Q3 net profit slumps 22% to Rs 423 crore

SAIL Q3 net profit slumps 22% to Rs 423 crore SAIL Q3 results: Revenue for the quarter stood at Rs 23,348.64 crore, down six percent from Rs 25,042.10 crore a year ago, the company said in an exchange filing

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SAIL Q3 net profit slumps 21.9% to Rs 423 crore

SAIL Q3 net profit slumps 21.9% to Rs 423 crore SAIL Q3 results: Revenue for the quarter stood at Rs 23,348.64 crore, down six percent from Rs 25042,10 crore a year ago, the company said in an exchange filing

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IRIS Business Services Q3 profit grows 19% to Rs 1.8 crore

IRIS Business Services Q3 profit grows 19% to Rs 1.8 crore For the nine months period ended December FY24, the consolidated net profit surged 50.4 percent to Rs 4.06 crore compared to year-ago period, IRIS Business Services said.

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Eicher Motor Q3 Results Preview: Net profit may grow almost 30 percent on RE, CV volumes

Eicher Motor Q3 Results Preview: Net profit may grow almost 30 percent on RE, CV volumes In Q3, Eicher Motors’ total sales volume rose 3.8 percent YoY to 248,779 units. Royal Enfield volumes were up 3 percent YoY to 228,073 units while total commercial vehicle sales rose 14 percent to 20,706 units.

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LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...