Automaker Skoda unlikely to drive in electric vehicle in India anytime soon
NEW DELHI: Czech automaker Skoda is not likely to drive in its electric car in India anytime soon as it thinks the market is not ready for such vehicles due to high acquisition cost as compared with internal combustion cars, a top company official has said. The automaker, which sells models like Rapid and Superb […]
Kirloskar Brothers to be debt-free company, focus on profitable growth
NEW DELHI: Leading pump makers Kirloskar Brothers Ltd (KBL) is close to be a debt-free company and will continue its growth journey into domestic and international markets, said a top company official. After being debt-free, the company will focus on cash flow and will not chase topline (revenue) numbers at the cost of profitability, said […]
Cairn to seize overseas Indian assets to enforce $1.2-billion arbitration award
NEW DELHI: UK’s Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover USD 1.2 billion ordered by an international arbitration […]
Seven of top 10 companies lose over Rs 1 trillion in market capitalisation
NEW DELHI: Seven of the 10 most valued domestic companies witnessed a combined erosion of Rs 1,07,566.64 crore from their market valuation last week, with Reliance Industries accounting for around half of the losses. Last week, the 30-share BSE benchmark Sensex declined 849.74 points or 1.70 per cent. Only Tata Consultancy Services (TCS), Hindustan Unilever […]
My unlisted portfolio has higher returns than listed firms: Rakesh Jhunjhunwala
NEW DELHI: ‘Big Bull’ Rakesh Jhunjunwala on Saturday said he has investments in private companies stretching to over a decade, and the returns he has made on his unlisted portfolio are higher than the one on listed firms. Jhunjunwala, who is reported to be the largest individual investor in the domestic markets, also said the […]