BUSINESS DEFINITION
Dr Reddy's to buy nicotine replacement brands from UK-based Haleon for $632 million
The portfolio to be acquired consists of Nicotinell, a global leader in the NRT category with an extensive footprint in over 30 countries spanning Europe, Asia including Japan, and Latin America, and local market-leading brand names of the product – Nicabate in Australia, Thrive in Canada, and Habitrol in New Zealand and Canada. The proposed acquisition will be inclusive of all formats such as lozenge, patch, gum as well as pipeline products, in all applicable global markets outside of the US.
Industry pitches for tax reduction, rationalisation of duty structure in Budget
During a pre-budget meeting with Finance Minister Nirmala Sitharaman, industry representatives urged for reduced indirect taxes and rationalized duty structures. FIEO's Ashwani Kumar requested extending the Interest Equalisation Scheme for five years. Reliance Industries sought a review of tariffs on Chinese imports, and Nasscom pushed for easing transfer pricing rules.
WhatsApp business calling service won't disrupt traditional toll-free channels: Experts
WhatsApp's recent introduction of calling features for businesses is not expected to significantly impact traditional telecom voice calling. Experts in the communications sector believe it will focus on "contextual calling" rather than disrupting toll-free customer service lines used by large enterprises.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
Ambuja Cement acquire 100% stake in Penna Cement for Rs 10,422 crore
Ambuja Cement, a company owned by Adani group, has signed a definitive agreement to acquire Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, as per the company’s filing on the stock exchanges.
Premiumisation & long haul two best bets for IndiGo: Jinesh Joshi
What I feel is that if you look at the domestic markets, Indigo's market share is anywhere at about 60% odd and they would have had to innovate to kind of expand a bit more. So, premiumisation and long haul I think these are the two best bets for them. So, I think they are on the right path.
- Go To Page 1
SAS India business to grow faster than other markets, top executive says
The company aims to upgrade its 400-odd customers to its generative AI platform SAS Viya over the next one year, Riad Gydien, executive VP and chief sales officer at SAS, told ET.
Business class flight experience getting more exciting with 45-inch TV screens
New business class seats in airplanes have been designed by manufacturers and entertainment providers in such a manner that you can receive a theatre-like experience on your premium seats 30,000ft above ground.
The Handmaid’s Tale Season 6: Will fan theories be adapted in the finale season?
With anticipation mounting for the final season of The Handmaid's Tale, lead actress Elisabeth Moss has provided insights into what fans can expect from the highly anticipated conclusion.
Legacy issues behind us, PNB on right path to outperform its competition: MD Atul Kumar Goel
PNB, led by Atul Kumar Goel, achieved a 229% profit growth to Rs 8,245 crore in FY24. Initiatives like reducing NPAs, improving ROA, and expanding branches contribute to the bank's success.
In your odyssey to happy redundancy, can you hear the AI sirens sing?
Everyone and their uncle’s going bananas over how AI will make everything better, effortless, abundant – but watch out for the rocks of declining individual creativity, critical reasoning, and ingenuity
Planning to invest Rs 3,000 crores to add 2,000 beds in 3 years: Suneeta Reddy, Apollo Hospitals
Let us look at both ARPOB, it is over 59,000, it is about Rs 59,0330. We have seen an increase in ARPOB of around 12%, but more importantly just going forward, this is because of a better case mix and price, but definitely improved case mix. With regard to volumes, inpatient volumes grew by 6%, outpatient volumes grew by 9%. And our ARPOB is net of doctors’ fees.
Q2, Q3 and Q4 will be better for MAN Industries: Ramesh Chandra Mansukhani
Ramesh Chandra Mansukhani, Chairman of MAN Industries, outlines ambitious growth plans for FY25 and FY26, including expansion in Saudi Arabia and the development of high-margin hydrogen pipes. The company's focus on exports and value-added products is set to propel its revenue and profit growth. He says, India will be a very promising market in coming days.
View: Raise a glass to the job creators
In a recent interview, Narendra Modi emphasized the importance of supporting businesses and avoiding demonization. The Prime Minister's stance received positive feedback, contrasting with past socialist inclinations.
Expect LIC’s VNB margin to grow 2-3%, India embedded value to surge at least 10% in FY25: Siddhartha Mohanty
LIC Chairperson Siddhartha Mohanty highlights significant growth in India embedded value and VNB margins, aiming for further growth. Market seeks clarity on VNB margins. Expectations include a 10% increase in IEV this year. Mohanty further says that in the current year, focus will be on catering to certain segments and a specific product will be designed for those segments.
Entry into renewables could be a natural extension for RattanIndia: Rajiv Rattan
Rajiv Rattan, Founder & Chairman of RattanIndia, discusses the company's potential expansion into renewables fueled by cash flow from the power business. Addressing past leverage issues, the company shows promise as a turnaround candidate.
NIIT Q4 Results: Firm reports profit of Rs 11.16 crore vs YoY loss
Skill and talent development company NIIT on Friday reported a consolidated net profit (attributable to owners of the parent company) of Rs 11.16 crore for the quarter ended March 31, 2024. The company had posted a loss of Rs 9.36 crore in the year-ago period, according to a regulatory filing.
Key changes at Wipro; CCI on digital firms’ ‘opaque’ algorithms
IT services company Wipro is undergoing more changes under new CEO Srinivas Pallia. More on this on today’s ETtech Top 5.
Indian entrepreneur shares key tips on how to get funding for your start up in silicon valley
Pritika Mehta, founder of Butternut AI, shares tailored guidance for immigrant entrepreneurs in San Francisco, advocating for cultural awareness and unconventional approaches. With 22 directives, her advice sparks engagement, drawing both praise and dissent. Mehta's insights offer valuable navigation tools in San Francisco's bustling startup scene, fostering dialogue and anticipation among entrepreneurs aiming to carve their niche in the dynamic landscape.
DoT imposes new KYC riders for biz connections, move aimed to prevent online fraud
DoT instructs telcos to monitor and disconnect business connections if misused, providing limited call/SMS/data facility with a one-year validity period. Telecommunication companies are also permitted to issue a maximum of up to 100 connections to any single entity simultaneously, with the condition that these connections are not intended for machine-to-machine communications.
Our target is 15% to 20% EPS growth on a consistent basis: Anish Shah, Mahindra Group
I would say that the internal measures have had a much bigger role to play because as we have seen overall the auto industry is not growing at a very rapid pace and we have been far outpacing.
Aerospace manufacturers seek business class upgrade on local plane orders
Indian aerospace manufacturers are relying on a surge in orders from domestic airlines to enhance their business prospects with international giants like Airbus and Boeing. Additionally, they are seeking government assistance through policy initiatives. The sector received a significant boost when Air India placed orders for planes, and Airbus expressed interest in expanding the global presence of suppliers to diversify its sales currency.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
Wipro Infra Engineering’s hydraulics business acquires Canadian firm
Wipro Hydraulics acquires Mailhot Industries, expanding into new markets and strengthening its global presence. The acquisition enhances capabilities in various segments and positions the company for better customer service and leadership in the industry.
Marico on course to deliver double-digit constant currency growth in international business: Saugata Gupta
Marico CEO discusses market share dynamics, rural recovery, deflation impact, and strategy focusing on premium segments. The company targets double-digit revenue growth, digital business expansion, and sustainable scale-up of Beardo and Plix portfolios. Gupta says: "We expect the digital business also to get into at least a double-digit EBITDA by FY27 with a 2x times growth and we believe that this business will contribute to, which is now 20%, over the next three years will be 25% of our overall portfolio in India."
AAHOA is definition of 'American dream', says its youngest ever chairman
Miraj S Patel, AAHOA's youngest chairman, champions the American dream, aiming to enhance India investments and strategic partnerships in the travel and tourism sector. Patel emphasizes leveraging data and combating discrimination.
Doing business in China is growing tougher, more uncertain, European business group says
A report by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown exponentially” in recent years.
Tata Motors passenger vehicles can definitely bridge the gap with Maruti: Ashwin Patil
Ashwin Patil, Equity Research Analyst, LKP Securities, says the demerger of Tata Motors will unlock value and provide more flexibility for the company and investors. It allows investors to choose between Tata Motors commercial vehicles and passenger vehicles, bridging the gap with Maruti and competing with top players in the passenger vehicle segment.
RBI revises definition of politically-exposed persons for KYC purpose
The earlier norms pertaining to PEPs were open-ended and there was a lack of clarity on the definition, apparently leading to issues for bankers, parliamentarians and others. There were also concerns in certain quarters that PEPs were finding it difficult to get loans or open bank accounts.
Load More
