Nachiket Kelkar

Nachiket Kelkar

Nachiket Kelkar covers major corporate news across sectors. He loves photography and travelling to off-beat destinations

Articles by Nachiket Kelkar
Actor Akshay Kumar launches Tata Motors new “Pick-up truck - Xenon Yodha” in Mumbai on Tuesday.(IANS)
Actor Akshay Kumar launches Tata Motors new “Pick-up truck - Xenon Yodha” in Mumbai on Tuesday.(IANS)

Tata Motors bets on trucks for growth in 2017

Hindustan Times | By Nachiket Kelkar
UPDATED ON JAN 04, 2017 10:35 AM IST
India’s largest commercial vehicle maker Tata Motors, which has lost some market share to its rivals in recent times, is lining up a slew of launches and huge investment plans to fill the gaps. For Tata Motors, 2017 began with the launch of Xenon Yodha, a pick-up truck.
Baba Ramdev and Acharya Balkrishna display Patanjali products.(Hindustan Times)
Baba Ramdev and Acharya Balkrishna display Patanjali products.(Hindustan Times)

FMCG companies race after Patanjali’s herbal products

Hindustan Times | By Nachiket Kelkar
UPDATED ON JAN 03, 2017 10:54 AM IST
The battle for shelf space in the FMCG segment is expected to intensify this year as Patanjali’s rivals , led by Hindustan Unilever, are aggressively launching products.
At a time when the government is pushing for cashless transactions and for use of digital payment platforms, the general insurance industry is exploring ways of developing products that will insure such transactions.(PTI)
At a time when the government is pushing for cashless transactions and for use of digital payment platforms, the general insurance industry is exploring ways of developing products that will insure such transactions.(PTI)

With e-wallets mushrooming, insurance companies move in

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON JAN 02, 2017 10:35 AM IST
A few days ago, mobile wallet company Freecharge launched a wallet protection plan for its users, in tie-up with Reliance General Insurance
Volatility became the trademark for equities in 2016, with key indices Sensex and Nifty seeing wild swings, and eventually wiping off most of the gains registered during the year.(HT Archive)
Volatility became the trademark for equities in 2016, with key indices Sensex and Nifty seeing wild swings, and eventually wiping off most of the gains registered during the year.(HT Archive)

Brexit, demonetisation, Trump and Fed: A volatile year for markets

Hindustan Times | By Nachiket Kelkar
UPDATED ON DEC 28, 2016 10:49 AM IST
Volatility became the trademark for equities in 2016, with key indices Sensex and Nifty seeing wild swings, and eventually wiping off most of the gains registered during the year.
The note ban and rise in price of key inputs like palm oil has been a double whammy for fast-moving consumer goods (FMCG) firms.(HT Archive)
The note ban and rise in price of key inputs like palm oil has been a double whammy for fast-moving consumer goods (FMCG) firms.(HT Archive)

FMCGs hit by note ban, high input costs

Hindustan Times | By Nachiket Kelkar
UPDATED ON DEC 28, 2016 04:44 PM IST
The note ban and rise in price of key inputs like palm oil has been a double whammy for fast-moving consumer goods (FMCG) firms.
Retailers have launched sales early to make up for the business lost in November due to demonetisation. Typically, the end-of-season sales start from the first week of January.(PTI)
Retailers have launched sales early to make up for the business lost in November due to demonetisation. Typically, the end-of-season sales start from the first week of January.(PTI)

Currency ban forces retailers to advance seasonal sales

Hindustan Times | By Nachiket Kelkar
UPDATED ON DEC 22, 2016 11:26 AM IST
Retailers have launched sales early to make up for the business lost in November due to demonetisation. Typically, the end-of-season sales start from the first week of January. Reliance Trends, Pantaloons, Jashn, Cottonworld, and Seven East among others have already started their sales.
Green Signal Bio Pharma, Vodafone and matrimony.com are some of the firms that cancelled their IPOs.(PTI)
Green Signal Bio Pharma, Vodafone and matrimony.com are some of the firms that cancelled their IPOs.(PTI)

Note ban fallout: Companies call off IPOs as economy slows

Hindustan Times | By Nachiket Kelkar
UPDATED ON DEC 19, 2016 11:24 AM IST
Amid signs of the economy slowing, several firms have called off their initial public offerings (IPOs). The above trend indicates that companies have turned cautious, what with the growth projection down by almost 2 percentage points.
Traders work on the floor of the New York Stock Exchange (NYSE) as Federal Reserve chairperson Janet Yellen speaks to the media following the central bank's latest policy meeting, in New York City.(AFP Photo)
Traders work on the floor of the New York Stock Exchange (NYSE) as Federal Reserve chairperson Janet Yellen speaks to the media following the central bank's latest policy meeting, in New York City.(AFP Photo)

Markets likely to be under pressure after US Fed hikes interest rates

Hindustan Times, Mumbai | By Nachiket Kelkar
UPDATED ON DEC 15, 2016 09:04 AM IST
Equity markets are likely to come under pressure on Thursday following the US Federal Reserve’s decision to increase interest rates by 0.25% and signal a faster rate hike going ahead, which could drive more foreign fund outflows.
Tata Sons was able to vote out Cyrus Mistry as director of unlisted Tata Industries on December 12.(PTI)
Tata Sons was able to vote out Cyrus Mistry as director of unlisted Tata Industries on December 12.(PTI)

Now TCS votes out Mistry, but shareholders are not amused

Hindustan Times | By Nachiket Kelkar and Ramsurya Mamidenna
UPDATED ON DEC 14, 2016 11:49 AM IST
It was a day of known expectations. But the extraordinary general meeting (EGM) of Tata Consultancy Services (TCS) on Tuesday at the YB Chavan auditorium in Mumbai, ironically a favoured venue for serious theatre and sombre political meetings, saw much excitement.
While house prices stagnate due to low demand and rising inventories, the average rent in India’s financial capital Mumbai has risen by 26% between 2012 and 15.(BLOOMBERG NEWS)
While house prices stagnate due to low demand and rising inventories, the average rent in India’s financial capital Mumbai has risen by 26% between 2012 and 15.(BLOOMBERG NEWS)

Mumbai rentals rise as builders keep house prices high

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON DEC 13, 2016 12:59 PM IST
While house prices stagnate due to low demand and rising inventories, the average rent in India’s financial capital Mumbai has risen by 26% between 2012 and 15.
Glaxo Smithkline has been planning to sell 60 acres in Thane near Mumbai for a while now. Its factory in Thane was shut in 2011. The company came close to selling the land in 2014, but the deal fell through due to legal hurdles.
Glaxo Smithkline has been planning to sell 60 acres in Thane near Mumbai for a while now. Its factory in Thane was shut in 2011. The company came close to selling the land in 2014, but the deal fell through due to legal hurdles.

Firms unable to sell land amid slowdown, note ban

Hindustan Times | By Nachiket Kelkar
UPDATED ON DEC 08, 2016 12:36 PM IST
Glaxo Smithkline has been planning to sell 60 acres in Thane near Mumbai for a while now. Its factory in Thane was shut in 2011. The company came close to selling the land in 2014, but the deal fell through due to legal hurdles.
The BSE Sensex, which had traded largely in the green since morning, declined 180 points or 0.7% at 26,212.77 and the wider NSE Nifty was down 39 points or 0.5% at 8,104.40 after the RBI monetary policy announcement.(Reuters)
The BSE Sensex, which had traded largely in the green since morning, declined 180 points or 0.7% at 26,212.77 and the wider NSE Nifty was down 39 points or 0.5% at 8,104.40 after the RBI monetary policy announcement.(Reuters)

Stocks tumble as RBI keps repo rate unchanged at 6.25%

Hindustan Times | By Nachiket Kelkar
UPDATED ON DEC 07, 2016 05:38 PM IST
The BSE Sensex, which had traded largely in the green since morning, declined 180 points or 0.7% at 26,212.77 and the wider NSE Nifty was down 39 points or 0.5% at 8,104.40 after the RBI monetary policy announcement.
Most diversified global funds, that put money in various markets in Asia-Pacific, have allocations of about 3% of their total investible funds for India.(AP)
Most diversified global funds, that put money in various markets in Asia-Pacific, have allocations of about 3% of their total investible funds for India.(AP)

Funds withdraw Rs 39.4 k cr amid US Fed rate hike fears

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON DEC 05, 2016 11:22 AM IST
Most diversified global funds, that put money in various markets in Asia-Pacific, have allocations of about 3% of their total investible funds for India.
Dubai kicked off New Year with a dazzling bid for a new world record to cap those the Gulf city state already holds for its mammoth property developments.(AFP Photo)
Dubai kicked off New Year with a dazzling bid for a new world record to cap those the Gulf city state already holds for its mammoth property developments.(AFP Photo)

Amid slump, Dubai realtors to woo Indian buyers

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON DEC 01, 2016 11:21 AM IST
The Dubai Land Department says Indians are the largest investors in the Emirates property market after the Arabs.
Croma is shutting down small stores and focusing on larger ones of over 10,000 square feet so it can sell a wider portfolio of products and offer better after-sales service.(Mint File)
Croma is shutting down small stores and focusing on larger ones of over 10,000 square feet so it can sell a wider portfolio of products and offer better after-sales service.(Mint File)

Croma targets Amazon, Flipkart with large stores

Hindustan Times | By Nachiket Kelkar
UPDATED ON DEC 02, 2016 07:23 PM IST
Tata-owned consumer durables retail chain Croma is shutting down small stores and focusing on larger ones of over 10,000 square feet so it can sell a wider portfolio of products and offer better after-sales service.
The small kirana stores are caught between the drop in sales on one side after demonetisation and wholesalers stopping visits to these outlets, particularly in small towns in the wake of the liquidity crunch.(Hindustan Times)
The small kirana stores are caught between the drop in sales on one side after demonetisation and wholesalers stopping visits to these outlets, particularly in small towns in the wake of the liquidity crunch.(Hindustan Times)

Demonetisation impact: Data shows 20-40% drop in FMCG sales

Hindustan Times | By Nachiket Kelkar
UPDATED ON NOV 25, 2016 12:26 PM IST
The government’s move to scrap Rs 500 and Rs 1,000 currency notes has had an adverse impact in several fast moving consumer goods categories such as biscuits and salty snacks, where sales have declined by up to 40%, according to data from market research agency Nielsen.
India currently has around 710 million card users, of which around 200 million are MasterCard users.(AP)
India currently has around 710 million card users, of which around 200 million are MasterCard users.(AP)

MasterCard eyes carpenters, auto drivers, plumbers in digital push

Hindustan Times | By Nachiket Kelkar
UPDATED ON NOV 25, 2016 11:05 AM IST
MasterCard, one of the world’s largest payments networks, is looking at innovative mobile banking payment solutions to cater to auto rickshaw drivers, carpenters, plumbers and more such people working in the informal sector.
As retailers and vendors refuse to accept old currency, small traders.(HT Archive)
As retailers and vendors refuse to accept old currency, small traders.(HT Archive)

Retailers and vendors refuse old notes: Small traders caught in the middle

Hindustan Times | By Nachiket Kelkar
UPDATED ON NOV 22, 2016 12:33 PM IST
Sanjay Dev, a supplier of traditional Maharashtrian sweets to retailers in Mumbai and other cities, is facing a double whammy following the government’s decision to ban R500 and R1,000 currency notes. Due to the slowdown in demand and the cash crunch in the market, retailers and distributors are placing fewer orders and some even want him to accept older currency notes. While, he can wait for a few more days, he still has to pay his vendors who supply raw materials. And there’s the catch -- They will not accept the old notes and would not even want to wait for long.

Note ban to be positive for India

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON NOV 17, 2016 11:49 AM IST
Real estate stocks felt the heat with the government deciding to phase out Rs 500 and Rs 1000 notes.(HT. Picture for representational purpose only.)
Real estate stocks felt the heat with the government deciding to phase out Rs 500 and Rs 1000 notes.(HT. Picture for representational purpose only.)

Real estate stocks down by 10% to 20%

By Vandana Ramnani and Nachiket Kelkar
UPDATED ON NOV 09, 2016 01:59 PM IST
Shares of leading realty companies like DLF, Unitech, Godrej Properties, Indiabulls Real Estate, Sobha, Oberoi, HDIL and Unitech were down by 10% to 20%
The government’s black money crackdown could hit jewellery sales.(REUTERS)
The government’s black money crackdown could hit jewellery sales.(REUTERS)

Black money crackdown could hit jewellery sales

Hindustan Times | By Nachiket Kelkar
UPDATED ON NOV 09, 2016 12:25 PM IST
Long queues were seen outside jewellery stores on Tuesday night as consumers tried to convert their Rs 500, Rs 1,000 currency notes to gold. However, that trend is expected to die down from Wednesday, with jewellers reluctant to accept the notes now that they have been scrapped by the government.
The Tata Group surprised everyone when on October 24, the Tata Sons board,ousted Cyrus Mistry as chairman. But removing Mistry from independent companies of the Tata Group will not be easy.(PTI)
The Tata Group surprised everyone when on October 24, the Tata Sons board,ousted Cyrus Mistry as chairman. But removing Mistry from independent companies of the Tata Group will not be easy.(PTI)

Tata Vs Cyrus Mistry: All you want to know

Hindustan Times | By Nachiket Kelkar
UPDATED ON NOV 08, 2016 05:27 PM IST
The Tata Group surprised everyone when on October 24, the Tata Sons board,ousted Cyrus Mistry as chairman. But removing Mistry from independent companies of the Tata Group will not be easy; he is unlikely to go quietly. Last week, the independent directors of Indian Hotels publicly supported Mistry’s leadership ahead of the company’s board meeting. HT brings you the frequently asked questions as the Tata versus Cyrus Mistry drama unfolds.
File photo of the launch of Tata Nano at the 9th Auto Expo in New Delhi on January 10, 2008.(HT Archive)
File photo of the launch of Tata Nano at the 9th Auto Expo in New Delhi on January 10, 2008.(HT Archive)

Auditors deny Cyrus Mistry’s charge of lapses at Tata Motors

Hindustan Times | By Ramsurya Mamidenna and Nachiket Kelkar
UPDATED ON NOV 01, 2016 11:05 AM IST
Ousted Tata Sons chairman Cyrus Mistry told the directors of Tata Sons in his email that stringent risk-evaluation processes were not followed by Tata Motors Finance, which led to bad loans of more than 4,000 crore. Accounting practices, which offset expenses incurred on account of product development, led to the bad loans, Mistry had said.
India’s stock markets began Samvat 2073, the Hindu calendar year, on a tepid note, with both the benchmark BSE Sensex and NSE Nifty declining marginally on Sunday as near-term uncertainties like the outcome of the US Presidential elections and moves by the Federal Reserve weighed.(Arijit Sen/HT Photo)
India’s stock markets began Samvat 2073, the Hindu calendar year, on a tepid note, with both the benchmark BSE Sensex and NSE Nifty declining marginally on Sunday as near-term uncertainties like the outcome of the US Presidential elections and moves by the Federal Reserve weighed.(Arijit Sen/HT Photo)

Sensex begins Samvat 2073 on weak note, ends below 28K

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON OCT 31, 2016 12:43 PM IST
India’s stock markets began Samvat 2073, the Hindu calendar year, on a tepid note, with both the benchmark BSE Sensex and NSE Nifty declining marginally on Sunday as near-term uncertainties like the outcome of the US Presidential elections and moves by the Federal Reserve weighed.
After a slow first half, which was hit by over a month-long strike, jewellers are a happy lot this Dhanteras.(Parveen Kumar/Hindustan Times)
After a slow first half, which was hit by over a month-long strike, jewellers are a happy lot this Dhanteras.(Parveen Kumar/Hindustan Times)

Gold jewellery sales rise 30% during Dhanteras

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON OCT 29, 2016 12:10 PM IST
After a slow first half, which was hit by over a month-long strike, jewellers are a happy lot this Dhanteras.
Cyrus Mistry’s ouster and mail has already hit the Tata Group firms’ market cap but what will be the dent on brand Tata?(AP)
Cyrus Mistry’s ouster and mail has already hit the Tata Group firms’ market cap but what will be the dent on brand Tata?(AP)

Boardroom battle brings brand Tata in focus

Hindustan Times | By Ramsurya Mamidenna and Nachiket Kelkar
UPDATED ON OCT 28, 2016 08:09 AM IST
The boardroom battle between ousted Tata Sons chairman Cyrus Mistry and interim chairman Ratan Tata could likely dent the Tata brand which has for long displayed attributes including trust and reliability that have seen it retaining the No 1 spot in various brand rankings over the years.
Mahindra and Mahindra farm equipment & two wheelers president & chief executive Rajesh Jejurikar (left) with executive director Pawan Goenka at a press conference in Mumbai on Tuesday(PTI)
Mahindra and Mahindra farm equipment & two wheelers president & chief executive Rajesh Jejurikar (left) with executive director Pawan Goenka at a press conference in Mumbai on Tuesday(PTI)

Mahindra reboots two-wheeler business, will revive vintage brands BSA, Jawa

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON OCT 25, 2016 06:19 PM IST
Mahindra & Mahindra will focus on its Mojo sportsbike, and while launch motorcycles under the BSA, Jawa and Peugeot brands in the coming months
In a surprise move, the Tata Group decided to remove chairman Cyrus Mistry and bring back Ratan Tata as the interim chairman.(AFP)
In a surprise move, the Tata Group decided to remove chairman Cyrus Mistry and bring back Ratan Tata as the interim chairman.(AFP)

Tata Group stocks tumble on sudden Cyrus Mistry exit

Hindustan Times | By Nachiket Kelkar
UPDATED ON OCT 25, 2016 08:48 PM IST
Shares across Tata Group companies tumbled on Tuesday morning following the surprise decision of Tata Sons, the holding company of Tata Group, to remove chairman Cyrus Mistry and bring back Ratan Tata as the interim chairman.
Drive - Jaguar F-Pace - Glacier White 3.0 TDV6(HT Archive)
Drive - Jaguar F-Pace - Glacier White 3.0 TDV6(HT Archive)

Jaguar’s F-Pace SUV marks a shift in strategy: Source more parts from India

Hindustan Times | By Nachiket Kelkar
UPDATED ON OCT 21, 2016 11:42 AM IST
The Jaguar F-Pace is an important vehicle in two ways. First, it is Jaguar’s first-ever SUV and its launch in India marks a shift in the company’s plans for the country.
India’s gems and jewellery industry wants the Goods and Services Tax (GST) on finished jewellery to be capped at 1.25%. It also demanded there be no GST on raw, cut and polished diamonds and coloured gem stones since most of these are exported.(Mint File)
India’s gems and jewellery industry wants the Goods and Services Tax (GST) on finished jewellery to be capped at 1.25%. It also demanded there be no GST on raw, cut and polished diamonds and coloured gem stones since most of these are exported.(Mint File)

Jewellery industry seeks lower tax under GST

Hindustan Times | By Nachiket Kelkar
PUBLISHED ON OCT 20, 2016 12:40 PM IST
India’s gems and jewellery industry wants the Goods and Services Tax (GST) on finished jewellery to be capped at 1.25%. It also demanded there be no GST on raw, cut and polished diamonds and coloured gem stones since most of these are exported.
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