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Natco logs record net in FY25, headwinds for U.S. unit a concern

  Natco Pharma estimates a possible dip in revenue by 20% and profit by as much 30% in FY26 on account of geopolitical uncertainties and pricing pressure in its core product portfolio in U.S. and due to increased research and development (R&D) experises On the back of a strong cash position of more than ₹3,000 crore as of March 31, 2025, it is preparing for headwinds coming from U.S. business during FY26. The Hyderabad-based ge-neric drugmaker said this announcing a consolidated net profit for FY25 at 1,883.4 crore and a total revenue of ₹4,784 crore, both highest thus far. While net profit was a rise of 36% compared with *1,388.3 crore in 2023-24, total revenue was 16% higher from ₹4,126.9 crore a year earlier. The guidance for the current fiscal comes after vice-chairman and CEO Rajeev Nannapaneni in Fe-bruary this year told inves-tors, in the backdrop of U.S. threatening high ta-riffs on pharma imports, about the need for a front-end manufacturing in the U.S. "That's th...

The 7 Habits of Highly Effective People

1. About the Author Stephen R. Covey (1932–2012) was an American educator, author, businessman, and keynote speaker. He held an MBA from Harvard and a Doctorate from Brigham Young University. Covey was a respected leadership expert and co-founder of FranklinCovey, a global professional services firm. He is best known for his work in personal development and leadership training. Covey's teachings have influenced millions worldwide through his books, seminars, and corporate training programs. 2. Context of the Book First published in 1989 , The 7 Habits of Highly Effective People emerged at a time when self-help and business management literature focused largely on quick-fix strategies and surface-level productivity hacks. Covey challenged this trend by emphasizing character ethics over personality traits, proposing a principle-centered approach to personal and interpersonal effectiveness. The book is based on timeless principles of fairness, integrity, honesty, and human di...

Bajaj Auto eyes €800-mn KTM buy

  Bajaj Auto Ltd., via wholly owned Bajaj Auto Interna-tional Holdings BV (BAIHBV), said it plans to take control of KTM unit headquartered in Austria. With this action and post requisite approvals coming through, Bajaj will move from hitherto being a dormant minority investor to a majority owner in the global KTM company while continuing to accelerate the KTM business run out of India under the joint de velopment programme, BAIHBV has arranged a debt funding package of €800 mn. where it develops, makes and sells in India as well as exports to 80 countries. Also, BAIHBV has ar-ranged a debt funding package of €800 million to enable the continuity of the KTM business

IndiGo Q4 net surges 62% to ₹3,067 crore

  Budget airline IndiGo's pa-rent InterGlobe Aviation posted a net profit of 3,067 crore for Q4FY25 and a net profit of ₹7,258 crore for FY25. While the Q4 net profit saw a 62% year-on-year growth, the annual net profit declined by 11%. The airline netted a total income of 23,097 crore in Q4, which was 24.8% high-er than Q4 FY24, said Indi-Go CEO Pieter Elbers. The performance was aided by robust travel de-mand with passenger num-ber growing 21%, or 3.2 crore, for IndiGo last fiscal. On the sticking point of airline's partnership with Turkish Airlines under The airline netted a total income of ₹23,097 crore in Q4. which IndiGo uses two Boeing 777 aircraft for-flights to Istanbul from Del-hi and Mumbai and allows passengers to connect to Europe and U.S., the CEO said, "flight operations to Istanbul are within the fra-mework of the air service pact between India and Turkey. We are compliant with all regulatory norms."

NSEL traders vote in favour of one-time settlement scheme The Hindu Bureau MUMBAI More than 90% of the trad-ers of the scam-tainted Na-tional Spot Exchange Ltd. (NSEL) in value and 92.81% in number have voted in fa-vour of one-time settle-ment (OTS), according to a statement by NSEL. The e-voting concluded on May 17. According to the scheme of settlement, ₹1,950 crore would be paid to 5,682 traders in propor-tion to their outstandings as on July 31, 2024. NSEL, with the support of its parent 63 moons technologies ltd., had filed a scheme of settlement be-fore the National Company Law Tribunal (NCLT), Mumbai, for a one-time, amicable full and final set-tlement with 5,682 traders. The OTS was originally proposed by the NSEL In-vestors Forum (NIF), an as-sociation representing a large number of traders. "This settlement would mean closure of legal cases against the group along A sum of 21,950 cr. would be paid to 5,682 traders in proportion to their outstandings with assignment of all rights of traders in favour of 63 moons," NSEL said. The NCLT, vide its order dated April 8, 2025, or dered e-voting of the trad ers on the resolution for the scheme of settlement. The NCLT appointed Ashwini Gupta (company secretary) as scrutiniser and Mukesh Mital (retired IRS) as chairperson to oversee the e-voting. Relief for traders This settlement is expected to bring major relief to the traders whose monies were stuck in the NSEL payment crisis which hap-pened in July 2013. In August 2013, NSEL paid about 179 crore to 7,053 smaller traders with an outstanding of less than ₹10 lakh each.

 NSEL traders vote in favour of one-time settlement scheme More than 90% of the trad-ers of the scam-tainted Na-tional Spot Exchange Ltd. (NSEL) in value and 92.81% in number have voted in fa-vour of one-time settle-ment (OTS), according to a statement by NSEL. The e-voting concluded on May 17. According to the scheme of settlement, ₹1,950 crore would be paid to 5,682 traders in propor-tion to their outstandings as on July 31, 2024. NSEL, with the support of its parent 63 moons technologies ltd., had filed a scheme of settlement be-fore the National Company Law Tribunal (NCLT), Mumbai, for a one-time, amicable full and final set-tlement with 5,682 traders. The OTS was originally proposed by the NSEL In-vestors Forum (NIF), an as-sociation representing a large number of traders. "This settlement would mean closure of legal cases against the group along  sum of 21,950 cr. would be paid to 5,682 traders in proportion to their outstandings with assignment of all rights of traders ...

Govt. tweaks import rules on certain gold, silver products

  As part of an overall effort to bring in greater consis tency between import ta-riffs and customs regula-tions, the government on Monday allowed the im-port of certain types of un-wrought, semi-manufac rured and powdered gold under particular condi tions. On the other hand, it has imposed similar condi tions on the import of some silver products that earlier freely were importable. According to the new restrictions, imports of these items will only be al lowed through agencies nominated by either the Reserve Bank of India or the government, qualified jewellers, and particular traders authorised under the India-UAE free trade agreement (FTA). The rules were notified by the Directorate General of Fo reign Trade (DGFT) on Monday as a modification of its import policy chapter pertaining to precious me tals, stones, and pearls. When it comes to gold, several items that earlier faced a blanket restriction have now been allowed for import under particular conditions. For example, the im...

iPhones sold in the U.S. to be sourced mostly from India in June quarter

  Apple CEO Tim Cook said its flagship iPhones sold in the U.S. for the June quar-ter will be predominantly made in India, where the smartphone maker report-ed record quarterly earn-ings prompting it to open more stores. Responding to ques-tions from analysts on sourcing of iPhones sold in the U.S., Mr. Cook said, "For the June quarter, we do expect the majority of iPhones sold in the U.S. will have India as their country of origin." At present, bulk of the iPhones sold in the U.S. are assembled in China. Ho-wever, in the ongoing tariff war unleashed by the U.S., imports from China will be subject to high tariffs push-ing up the cost of iPhones sold in the U.S. "What we have learned was that having everything in one location had too much risk with it so we have, with certain parts of the supply chain, opened up new sources of supply. You can see that continu-ing in the future," said Mr. Cook. The existing tariffs that apply to Apple today are based on the product...