Corporate Crisis

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Realty firm Macrotech Developers MD Abhishek Lodha on Sunday said there is a "pure corporate dispute" between his company and House of Abhinandan Lodha over use of trademark and it is "nothing to do with brothers". Macrotech Developers has recently filed a suit in the Bombay High Court against House of Abhinandan Lodha (HoABL), formed by younger brother Abhinandan Lodha, for infringement of its trademarks and sought appropriate injunctions, reliefs, and damages. In an interview with PTI, Abhishek Lodha said he has no problem with younger brother Abhinandan Lodha doing real estate business, but asserted that his company has every right to protect its trademarks -- 'Lodha' and 'Lodha Group'. Macrotech Developers is listed on stock exchanges and is one of the leading real estate firms in the country, while House of Abhinand Lodha is into plotted developments across various cities including Ayodhya. Breaking silence on the matter, Abhishek said, "He (Abhinandan) is my brother. I have l

In one place, for example, the analysis cites "insufficient compliance risk management skills” among staff directly dealing with such issues. The sections of the analysis seen by Reuters did not add

The companies in our sample reported a combined net profit of Rs 3.39 trillion in Q1FY24, down 4.23 per cent from a record high quarterly net profit of Rs 3.54 trillion in Q4FY24

A cut in dividend payout last financial year came after three years of high double-digit growth, mirroring the boom in corporate profits in the post-pandemic period

The firms in these two sectors together accounted for 30 per cent and 15 per cent of the fixed assets of all companies, respectively, in the sample in FY24

The Congress on Saturday said it is the government's responsibility to ensure that competition among corporates is not stifled, oligopolies or monopolies do not emerge and corporate takeovers are free and fair. It is also the government's responsibility to ensure that undue advantage arising out of access to political power is not exercised, party general secretary Jairam Ramesh said. His comments came after the Adani Group acquired Penna Cements while strengthening its share in the cement sector in southern India. "Aap chronology samajhiye (understand the chronology): September 2022: Adani acquires Ambuja Cements and ACC, to become country's second largest cement player. August 2023: Adani acquires Sanghi Industries, India's largest single-location cement unit. June 2024: Adani acquires Penna Cements, giving it substantial market share even in the last remaining region of South India." he said. "Upcoming: Adani is exploring the acquisition of Saurashtra Cement, Vadraj Cement, and

Companies reported combined net sales of Rs 37.57 trillion in Q4FY24, up from the Rs 35.05 trillion in Q4FY24 and Rs 35.44 trillion in Q3FY24

The economy is growing and capital markets are buoyant. A look into why companies aren't spending enough

Number of corporate real estate deals likely to increase in quarters ahead, it indicates

Here is the best of Business Standard's opinion pieces for today

In her Budget speech last year, Finance Minister Nirmala Sitharaman had introduced the inception of C-PACE for the 2022-23 fiscal year

History is replete with examples of when an enlightened business approach did not prevail, but even cynics agree it is worth striving for

The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report

Sanjay Kirloskar moves Supreme Court to enforce family settlement

Here are the best of Business Standard's opinion pieces for Monday

Putting out the right information in a crisis is not easy to do. But by being open and direct one can restore some of the lost credibility