Shubhra Tandon

Articles By Shubhra Tandon

334 Articles

Realty Reality – Stalled property projects could hit Rs 5 lakh crore

Experts believe consumers are shying away from purchases even though mortgage rates have dropped to levels of 7.5% — down about 350 bps from their peak — as they are waiting for a meaningful price correction.

Covid delays hit JSW Steel expansion plans

The company will also be taking shareholders’approval for raising non-convertible debentures with warrants convertible into or exchangeable with equity shares of the company for an amount not exceeding Rs 7,000 crore.

Vehicle sales bounce back in June 2020 as demand goes up

While the drop in despatches in April and May was 80% year-on-year, they were much improved in June with the drop at between 30 y-o-y and 60% y-o-y. Here is how the numbers showed up very recently.

covid19 led lockdown hits car sales in india in may 2020

Thermonuclear experimental reactor: L&T delivers world’s largest vacuum vessel

The cryostat’s function is to provide cooling to the fusion reactor and to keep very high temperatures at its core under control.

The company said it will create, issue and allot 20 crore cumulative compulsorily redeemable non-convertible preference shares (preference shares), in one or more tranches, of the face value of Rs 100 each for cash at par or at premium aggregating to Rs 2,000 crore.

See multiple reasons for rural economy to recover faster than urban: TV Narendran, CEO and MD, Tata Steel

Capacity in Europe was always at around 70% because Europe did not have complete lockdown like we had in India, and we are operating at similar levels across Europe.

We have seen the monsoon has been good and so has the harvest.

New vistas: Covid lockdown forcing companies to innovate – How they are going about it

According to Daniel, the innovation has led the company to work with many different industries like retail, airports, hospitals, hotels and even the government.

For what it could not produce with screen material, it sourced from outside, which is the PET used in making cold drink bottles, to make face shields. Preetham Daniel, senior vice president (Asia), Harkness Screens, told FE that he feels these face shields will be in great demand once its core client base — movie theatres – start opening up.

L&T MD explains why boycotting China items not feasible

But if the country thinks from a long-term measure and looks at China as an enemy country, we got to put in place policies and processes so that over a period of time we could make this effective.

There are Chinese companies that have set up shops in India, Chinese goods are from many points of view efficient and cost-effective.

As companies try to connect to consumers, Covid-related themes find their way into ads

While all sales people wear masks and gloves, the jewellery too is being sanitised; jhumkas and naulakha haars are being steam-cleaned or exposed to ultraviolet rays after every use.

Like Titan, several companies are using Covid-19-related themes in their communication.

Hindalco will continue to export to prevent inventory build-up, says MD Satish Pai

Post the lockdown, Novelis is now back up to more than 90%, and Hindalco at about 99%. Novelis had to shut two plants in April and May; Hindalco throughout the lockdown ran at about 80% capacity.

Realty Bites: Builders drop prices, sweeten deals to push sales

Shapoorji Pallonji Real Estate, for instance, has reduced the booking amount which according to Sunil Varrier, chief of sales and marketing, is aimed at lowering the entry barrier.

Even the biggest brands are making off-season offers to attract customers and also assuring buyers prices will be protected for some time.

Coronavirus effect: Developers design homes for post-Covid world

Developers say that as the focus of companies get centred around reducing costs like transport, office rentals and workstations, the option of work from home may increase in the coming years.

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Home prices can’t fall until states drop circle rates

For instance, the difference between the market value and the RRR in Lower Parel is just 6%, while in Worli it is 8%.

Home prices, drop circle rates, Maharashtra government, ready reckoner rates, Piyush Goyal, Anarock Property Consultants, real estate sector

Hiring starts picking up pace! It’s not all gloom and doom in jobs market

The e-commerce space continues to hum with activity and a good many start-ups too are beefing up their teams especially those in technology, healthcare, essential services, food production or edtech.

JSW Steel has no plans to reduce debt this year: CFO Seshagiri Rao

The company’s free cash flows have been coming down over the last two years from Rs 4,258 crore in FY18 to Rs 770 crore in FY19 and moving to negative trajectory in FY20 (Rs -4,032 crore), Bloomberg data shows.

Rao said that the Moody’s expectation is that as demand is falling, JSW Steel’s production numbers, volume-wise, will come down.

Godrej CEO: Focus to be on driving growth as margins are quite reasonable

Till February, the company witnessed an industry-leading 5% year-to-date volume growth. However, the spread of the virus and the eventual lockdown in many geographies of our operations resulted in zero sales in the last 10 da

Godrej Consumer Products (GCPL) posted weak numbers for Q4FY20 results.

Covid crisis: MSMEs pin hopes on release of payments by govt

More than availing of the benefit of new credit lines and loan-related schemes announced by the government, nearly 63.3 million micro, small and medium enterprises (MSMEs) are hoping to get delayed payments from the governmen

Covid effect? Only 25% of TCS workforce to work from premises by 2025

Gopinathan said that while maintaining stringent security controls, the company has pivoted a new operating model that it calls ‘Secure Borderless Workspaces’ (SBWS).

The March quarter was a mixed one for TCS.

Lockdown relaxation: Why biggies able to resume operations but smaller firms still stuck

No firm can start operations unless the local DM permits, leaving smaller firms in an endless wait

In a big relief to the automotive industry, the Maharashtra state government has permitted industries in the Pimpri-Chinchwad and Bhosari industrial areas to reopen and start operations despite being in a red zone.

Resumption blues post COVID-19 lockdown: Factories grapple with shortage of workers, supply chain hurdles

Hobbled by a shortage of workers, companies are finding it hard to resume operations at an optimal scale and with migrants moving back home, it could be a while before factories hum with activity.

L&T loses Rs 12k crore revenue in Coronavirus lockdown

Urging the top management to rise up to the challenge, Subrahmanyan said that once the lockdown is lifted, everyone’s efforts need to double up to try and bridge the revenue gap.

The company has a monthly billing of around Rs 12,000 crore but because of the lockdown which began on March 25 which led to stoppage of work, the same has taken a hit.

Covid-19 Lockdown: Upto 3 lakh cars waiting to be sold, higher than average monthly sales

Passenger vehicles lying with major manufacturers more than their sales in March.

Automobile Sales: hyundai's vehicle sales down by 10 pc, mahindra and mahindra records 42 pc decrease in vehicle sales

RBI extends recast benefit on commercial real estate loans to NBFCs

According to sector experts, NBFCs' outstanding credit to the commercial real estate stood at Rs 1.29 lakh crore as on September 30, 2019.

Nonetheless, the move will provide some succour to the stressed realty sector at a time when their cash flows are bound to be strained. (Representative image)

Aleris buy to help Hindalco cement position among leading aluminium players

Hindalco announced the acquisition of Aleris in July 2018 through its wholly-owned subsidiary Novelis, for an enterprise value of $2.58 billion.

According to analysts, the share of can for instance could come down to about 43% post completion of the Aleris acquisition, from the present 51%, while the share of auto will stand at 22% (26% at present).

Car sales in FY2019-20: Hyundai, Renault register positive sales growth

On the contrary, the domestic sales of Indian automobile makers took a hit of nearly 45% on a year-on-year basis, which is one of the sharpest monthly declines seen by the industry, according to SIAM.

Lockdown effect: Muted March quarter earnings expected for RIL

On the back of this weakness, RIL is estimated to report a sequential decline of about 8% in its net profit to Rs 10,700 crore for the three months of January-March, according to analysts at Bank of America Global Research.

Consequently, RIL’s consolidated Ebitda (earnings before interest, tax, depreciation and amortisation) during Q4FY20 is estimated to remain flat sequentially, but may register a rise of 8% on a y-o-y basis to Rs 22,550 crore.

Most important worry for the industry is the cash flow: MS Unnikrishnan, MD and CEO, Thermax

MS Unnikrishnan, managing director and CEO, Thermax, tells Shubhra Tandon on how the company is dealing with it and the way forward for businesses.

Corona to take a toll on fresh hiring by firms

Rough estimates suggest that hiring may see a decline of up to 50% in April-June quarter

coronavirus, coronavirus pandemic, covid 19 pandemic, hiring, new joining, mmmm appointment letter, white collar jobs, virtual platforms, india inc
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