‘Business families like the Godrej group are increasingly realising that an amicable settlement is better.’ ‘Else, the wealth of all shareholders gets destroyed.’
Posts tagged Rediff
Maruti Suzuki, Hyundai, Tata Motors see muted growth (01-05-2024)
Passenger vehicle sales in India kicked off on a flat note in new fiscal 2024-25 with 3.38 lakh units sold in April, impacted by high base effect and muted demand due to the ongoing general elections. Dispatches of passenger vehicles from manufacturers to dealers were at 338,341 units in April 2024 as compared to 332,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal growth in their domestic wholesales.
DGCA deregisters 54 planes of Go First (01-05-2024)
Aviation watchdog DGCA has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline. Bogged down by financial turbulence and engine woes, budget carrier Go First stopped flying in May last year and is undergoing an insolvency resolution process. Foreign lessors that have leased planes to the airline had moved the court to take back the aircraft.
Vedanta plans to invest $20 bn in India in 4 years (01-05-2024)
The Vedanta Group is aiming to invest $20 billion across all its businesses in India over the next four years, its chairman Anil Agarwal said on Wednesday. The group will sell the steel business only at the right price, and is committed to continue running it if it does not get the right price, Agarwal told PTI on the sidelines of a company event. “At the moment, we have a plan to invest $20 billion across sectors in four years time,” Agarwal said.
Godrej split: Who gets to keep what (01-05-2024)
Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej and Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mumbai, they got as part of the family agreement that split the Godrej empire, as per sources and regulatory filing. According to the agreement reached late Tuesday, the 127-year-oldgets to keep what group will be split into two entities – one led by Adi Godrej and his brother Nadir and the other by their cousins Jamshyd and Smita.
Why DGCA Suspended Vistara Executive (01-05-2024)
This isn’t the first instance of Vistara facing scrutiny from the regulator over improper pilot training.
Brokerages raise targets on RIL stock post Q4 (01-05-2024)
Shares of Mukesh Ambani-owned Reliance Industries Limited (RIL) rose nearly 1 per cent on Tuesday, hitting an intraday high of Rs 2,986.05 per share, after most brokerages reacted positively to the company’s March quarter (Q4FY24) results. The bullish outlook stems from Reliance Jio’s potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical.
GST collection breaches Rs 2 lakh cr-milestone (01-05-2024)
The country’s gross GST collections hit a record high of Rs 2.10 lakh crore in April, growing 12.4 per cent year on year driven by a strong increase in domestic transactions and imports. GST collections breach landmark milestone of Rs 2 lakh crore, the finance ministry said in a statement.
Bengal’s tea industry seeks a new flavour (01-05-2024)
The alpona (artwork) on the steep, winding road leading to Makaibari bears testimony to the visit of G20 delegates for the second tourism working group meeting in April last year. The lush tea bushes, the delegates joining in for the moonlight plucking of Silver Tips Imperial first flush, a favourite of late Queen Elizabeth II, cut a picture of mystical magic. But it’s not the Kurseong tea garden’s only shining moment – the last few years have been busy for the estate and its bungalow.
‘BJP Underperformance May Trigger…’ (01-05-2024)
‘This can eventually start the end of the current market frenzy, which has lasted for a full year.’