Govind Shrikhande, the mustachioed and mild-mannered managing director of India’s early retail chain Shoppers Stop, set up in 1991, is betting on toys, kids and partners to drive the company’s bookstore business Crossword, which is struggling in the age of e-commerce, and was rumoured to have recently been put on the block. Rachit Vats reports.
Taking a cue from sporting clubs of the West, domestic T20 franchises are wooing fans with an array of merchandise products and services - official jerseys, accessories , members' clubs - to cash in on their potential customer base. Himani Chandna Gurtoo reports.
HT Media Limited (HTML) on Tuesday announced an 82% growth in its net profit during the fourth quarter ending March 31, 2013 to
Rs. 40.1 crore from
Rs. 22 crore during the same quarter of the previous year.
HT reports.
Shares of drug maker Ranbaxy Laboratories ended 3.6% up at Rs. 455.50 on Tuesday after crashing 4% in early trade on the Bombay Stock Exchange following a $500-million (about Rs. 2,750 crore) fine imposed by US authorities on the company for selling adulterated medicines in the US and lying about it to the authorities.
In a move that is likely to soothe frayed nerves of anxious investors, the government is likely to bring to Cabinet a proposal to hammer out an out-of-court settlement with Vodafone on its
Rs. 11,200-crore tax dispute.
HT reports.
All's well that end's wellBenetton has become the latest global retailer to agree to sign a one-of-a-kind pact to improve safety at Bangladesh factories following a building collapse that killed more than 1,100 workers in the country last month.
Former Ranbaxy executive Dinesh Thakur is all set to get about $49 million from the $500 million penalty slapped on the drug manufacturer for selling adulterated drugs and lying to federal regulators in a case relating to substandard quality durgs.
Ranbaxy Laboratories Ltd pleaded guilty today to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the US department of justice.
Hindustan Media Ventures Limited (HMVL), the publisher of Hindustan, one of India’s leading Hindi language dailies, has posted a 65% year-on-year growth in its net profit for the fourth-quarter ended March to Rs. 22.7 crore compared to Rs. 13.7 crore in the same quarter of the previous year.
Anil Ambani-controlled Reliance Power on Monday announced a 15% year-onyear jump in its net profit to Rs. 266.06 crore for the quarter ended March from Rs. 231.31 crore in the corresponding quarter of the previous financial year.
Rockland Hospitals, which runs two multi-specialty hospitals in Delhi and one at Haryana, has chalked out plans to develop a medical corridor that will have tie-ups with local clinics and nursing homes across the stretch from Noida in Uttar Pradesh to Manesar in Haryana.
The government is likely to take back 4G spectrum from state-owned Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) and refund them about Rs. 12,846 crore paid in fee to the government,Manoj Gairola reports.
Mukesh Ambani, the richest Indian and chairman and managing director of Reliance Industries, wants to set an example by keeping his salary unchanged at
Rs. 15 crore for the fifth consecutive year, according to the annual report of the company.
Adobe’s latest gambit is to take some of the world’s powerful creativity tools to the Internet through its Creative Cloud initiative. In simple terms, this will bring everything from PhotoShop and Illustrator to InDesign that helps make newspaper pages among other things, N Madhavan reports.
Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by US authorities this week.