Corporate

Aditya Birla Group's flagship company Grasim Industries on Friday reported a consolidated profit after tax (PAT) of ₹ 1,384 crore in the third quarter ended December (Q3 FY21) — clocking a growth of 103 per cent from ₹ 680 crore in Q3 FY19. Consolidated revenue for the quarter was up 13 per cent to ₹ 20,986 crore from ₹ 18,617...

The young entrepreneurs from various States were seen on a virtual platform on Friday, listening to successful entrepreneurs, pitching their business profiles, and learning how they can go forward. All the 28 participants are students from different cities across the country who are running a business, and are participating in the national finals of the Global Student Entrepreneur Awards (GSEA),...

Markets regulator Sebi on Friday extended to February 26 the last date for submission of public comments on a proposal regarding appointment of managing directors and whole time directors. The regulator had on January 27 floated a consultation paper on introduction of provisions relating to appointment / re-appointment of persons who fail to get elected as whole-time directors/managing directors at...

Air conditioner maker Voltas on Friday said that its net profit in December quarter rose 47 per cent to ₹ 129 crore as against ₹ 88 crore in the same period last year. Its revenue annually rose 32 per cent to ₹ 2,046 crore. The profit before tax moved up by 39 per cent to ₹ 166 crore from ₹...

Shares of aluminium major Hindalco Industries rose 5.26 per cent to ₹ 294.05 on the BSE a day after it reported December quarter earnings of the current financial year. The Aditya Birla Group company posted a net profit of ₹ 2,021 crore in the third quarter of the current fiscal, compared to ₹ 1,785 crore in the year-ago period,...

Start with what you have in your hand, make your losses affordable, don’t try to do everything on your own, take advantage of changes in circumstances and do not put yourself in the hands of others. Industry experts gave away these and many more useful tips and suggestions to the finalists at the India Finals of the prestigious Global...

The India Finals of the Global Student Entrepreneur Awards (GSEA) 2021, which are one of the most esteemed global startup competitions focused solely on student entrepreneurs, will be held from 11th February to 13th February. The awards are being organized by Entrepreneurs’ Organization (EO), the world’s only peer-to-peer network exclusively for entrepreneurs having 14,000+ members across 61 countries. The...

Workers at an Amazon warehouse in Alabama have begun voting on whether to form the first American union at the e-commerce giant, an effort that could pave the way for further unionisation in the United States at one of the world's most powerful companies. Amazon is the second-largest employer in the US with an 800,000-strong workforce, most of whom are...

After the setback of Sweden's SSAB pulling out of talks to buy the Dutch units, Tata Steel is now focusing on improving cash flows of its European operations. The Indian steelmaker will continue with the process to separate the Dutch and UK units of its European operations, the company said after announcing financial results for the third quarter ending December 31, 2020. "Following...

The gross investments of Life Insurance Corporation of India (LIC) will exceed Rs 5 lakh crore in FY21, said its chairman, MR Kumar, in an exclusive interview to Moneycontrol. This will be an all-time high for the country’s largest insurer. Kumar said that as of January 31, 2021, the life insurer has made a gross investment of Rs 4,44,919 crore...