SRF to sell engineering plastics commercial enterprise to Dutch firm DSM

Specialty chemicals maker SRF Ltd has agreed to promote its engineering plastics business to the Indian unit of Dutch multinational Royal DSM for Rs 320 crore ($ forty-five .6 million). The sale will fortify the organization’s balance sheet and permit it to consciousness its assets on developing more modern technology for the chemical compounds commercial […]

Tata Sons to consolidate FMCG commercial enterprise, says document

N Chandrasekaran, the chairman of Tata Sons, is set to deliver the short-transferring customer goods (FMCG) enterprise below one entity, The Times of India reported. The conglomerate is ready to switch the branded salt, pulses, masalas and geared up-to-consume snacks portfolio from Tata Chemicals to Tata Global Beverages, the file stated. As in keeping with […]

Taxmen vault into lockers; safekeeping enterprise hit

A string of income-tax department raids on private lockers and protection vaults across Delhi and Kolkata has despatched the ‘commercial enterprise of safekeeping’ into a tizzy. While pinnacle vault companies have intensified the recognize-your-customer manner, several smaller ones have downed shutters completely. “The recent I-T raids have taken away something little enterprise we had,” stated […]

Value retail is not a quickest finger first commercial enterprise: D-Mart CEO

A range of four-5% PAT margin is what I have repeatedly said. Having stated that, markets are dynamic, it is able to even move lower every now and then. Higher than 5% is a rarity that may be seen best in notable years. For D-Mart, save openings have led to revenue boom. A few quarters […]

As virtual battle heats up, Accenture takes a dig at rival TCS’s services

Accenture Plc is sort of twice the scale of its nearest competitor Tata Consultancy Services Ltd (TCS) but the US firm couldn’t withstand taking a swipe on the Indian business enterprise’s digital offerings. As the 2 organizations struggle it out to win digital enterprise from the identical clients, Accenture, which brands its digital answers as […]

YC Deveshwar, the man who transformed ITC into a multi-enterprise conglomerate, passes away

Yogesh Chander Deveshwar, who has died aged seventy-two, was an unprecedented example of an employee joining immediately out of college and moving through the ranks to turn out to be not just the youngest chairman of a frontline conglomerate in India Inc, but also the longest serving one for 23 years. So much so, Deveshwar […]

SRF to sell engineering plastics commercial enterprise to DSM for Rs 320 crore

Chemicals company SRF Ltd on May 11 said it’s going to sell engineering plastics enterprise to DSM for Rs 320 crore as part of a method to consciousness on core operation. The Gurugram-based SRF is a chemical based multi-commercial enterprise entity engaged inside the manufacturing of industrial and specialty intermediates. The corporation has entered right […]

GMR to make investments ₹350 crore to set up business park in Hyderabad

HYDERABAD: GMR Infrastructure Ltd plans to invest around ₹350 crore to installation its first workplace park spread over 1 million sqft in Hyderabad inside the next three-four years as a part of its large land monetization plan, said a top enterprise govt. The New-Delhi based institution, which operates Delhi and Hyderabad airports aside from other […]

Hyderabad haleem: Rs 800 crore enterprise throughout Ramzan now on GST radar

HYDERABAD: The haleem on your plate is now on the radar of Goods and Services Tax (GST) department, with officials suspecting that maximum outlets promoting them are evading tax. At least 80 pinnacle restaurants with masses of shops which might be raking in the moolah without producing payments were identified, assets said. The haleem enterprise […]