Branded agarbatti companies rework models amid slump
Agarbatti companies recently introduced fragrances such as apple and pineapple, neem-based mosquito repellants and no-smoke ones for asthmatic patients that also act as air purifiers. These special agarbattis retail at 50 paise to Rs 4 a stick, as companies go premium to earn higher margins. Cycle Pure Agarbathies and Moksh Agarbatti Company, too, are expanding their portfolio.
Vakrangee revamps senior management, enhances independence of board
The company is in compliance with the Kotak committee recommendations and...
No obligation on airlines to escort every flyer to boarding gate: SC
A bench comprising Justices A M Khanwilkar and Dinesh Maheshwari said if...
Buyers stand to lose if phone companies go for price parity: Experts
Mobile phones often cost Rs 2,000-3,000 less on e-commerce channels than in physical stores owing to exclusive deals with handset brands. Currently, e-commerce channels account for nearly 40% of overall sales of smartphones while bricks-and-mortar stores sell the bulk of handsets, according to data from TechArc Research.
Sachin Bansal resigns from Ujjivan Small Finance Bank's board
"I would like to resign as an independent director of the bank with effect from January 27, 2020. Given an entity owned and controlled by me has made an application to the RBI for a universal banking license, I felt it was -- in the interest of propriety and corporate governance -- only appropriate that I stepped down from this role," Bansal said.
Elite group plans to become a zero carbon emission company
Addressing the employees of the company at the founder’s day held in Thrissur, Danesa Raghulal, executive director of the group said the company has already started taking initiatives to achieve the goal. She said she aimed at providing more environment friendly, health and nutritious food products to consumers.
NTPC Board okays acquisition of govt stake in NEEPCO, THDC
The Board of Directors of NTPC Ltd, in its meeting held today has noted that the in-principle approval accorded by the Cabinet Committee on Economic Affairs (CCEA) in their meeting held on November 21, 2019, for strategic sale of entire equity stake held by the Government of India in NEEPCO and THDC to the NTPC Ltd, along with transfer of management control.
Power companies feel divestment may increase cost of borrowings
Earlier the Cabinet Committee on Economic Affairs had given its in-principle clearance to reduction of the government’s stake in select public sector units to 51%, while retaining management control on case-tocase basis, taking into account the government shareholding, and the shareholding of government-controlled institution.
Board Meetings Today: Mastek, Infibeam, TeamLease, Ramco Systems and Maruti Suzuki
TeamLease Services, Central Bank of India and Wonderla Holidays are some of the companies which will report their December quarter earnings.
Coronavirus fallout fears hurt stocks of metals and mining companies
However, the prices of underlying metal commodities did not exhibit selling pressure.
Oyo gives B-schools a miss amid company rejig
The SoftBank-backed hospitality chain, which is under pressure to rein in costs and streamline operations, has/will be giving most Bschools, including IIM Bangalore, IIM Calcutta, IIM Kozhikode and SPJIMR where it was a recruiter last year, a miss during final placements, the institutes told.
Infosys sets up team to scale platform unit
The platforms could be proprietary software used to host educational content or process mortgages. IT companies are betting on a platform play to help offset margin contraction caused by the increasing commoditisation of their core business. Software companies need to make one-off investments in building the platform, but the returns could be exponential if a slew of customers adopt it.
Downside in metal companies to be limited: Chakri Lokapriya
Chakri Lokapriya, CIO & MD, TCG AMC says there is unlikely to be any meaningful recovery in Maruti results tomorrow. He also talks about pharma play, coronavirus scare, OMC batch & more.
Ex-Citi India Boss Pramit Jhaveri tipped to board Tata Trusts
Pramit Jhaveri, reputed for turning around Citi India, may join Sir Dorabji Tata Trust.
The road less taken: Udaan CEO on working for Flipkart, starting his own company & success in B2B space
Udaan’s co-founder sheds light on the company’s success story.
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