Sun Pharmaceutical Industries, India’s largest drug maker on Wednesday reported 75.2 percent drop in net profit to Rs 365.4 crore in the quarter ended December hit by plunging US sales and one-time deferred tax adjustment.The company posted a net profit of Rs 1,472 during the corresponding period a year ago. Revenues from operations declined 16 percent to Rs 6,653.23 crore, compared to Rs 7,925.11 crore a year ago .The company said net profit was adversely impacted by one-time deferred tax adjustment of Rs 513 crores related to changes in US tax rates. US slashed corporate tax rate from 35 percent to 21 percent.Close The EBITDA margin of the company stood at 21.2 percent. related news Aditya Birla Fashion and Retail Q2 net loss at Rs 2.35 crore Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction VA Tech WABAG posts consolidated Q2 profit at Rs 23.89 Crore The net profit was far lower than CNBC-TV18 poll estimates of Rs 878.3 … [Read more...] about Sun Pharma profit drops 75% on US sales dip, one-time tax write-off
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Jet Airways founder Naresh Goyal on May 7 addressed the employees of the debt-ridden company in a letter after the airline’s 26th anniversary on May 5.Calling it the ''saddest of all days, with no flights'', the billionaire reminisced about when the airline received its first aircraft in Mumbai on April 18, 1993, only to witness its last flight from Amritsar to Mumbai on the same date this year .''Neeta (Goyal’s wife) and I were moved beyond words to see so many of you across our vast Indian and international network don your uniforms, not to report to work, but instead to participate in peace marches, championing your continued commitment and confidence in Jet Airways,'' said Goyal, adding that the mood was sombre and poignant.Close He was addressing the ongoing lobbying by Jet employees to gain control of and save the sinking liner. He also thanked many for reaching out, saying… ''Your love and unfaltering commitment to Jet Airways, even under these adverse … [Read more...] about Jet Airways founder writes supportive letter to employees after 26th anniversary
A group of Jet Airways employees have written to State Bank of India Chairman Rajnish Kumar, offering to take over the distressed airline that was forced to suspend operations earlier this month."We propose that a consortium of employees and investors be permitted to offer its bid to take over the management control of Jet Airways," said the letter that was sent on Monday.The letter also promises a commitment of Rs 7,000 crore, which includes Rs 3,000 crore from investors and Rs 4,000 crore from employees through a 'hypothetical five-year employee stock option programme.'Close It adds: related news Here’s a look at Healofy – a social networking platform only for women Retain current eligibility criteria for establishments in OSH Code: CII Aditya Birla Fashion and Retail Q2 net loss at Rs 2.35 crore "You are therefore requested to kindly consider the 'Employee Consortium' as one of the intending bidders in the process and invite us for preliminiary … [Read more...] about Jet Airways employees write to SBI, offer to take over airline
These days, we hear a lot about the importance of STEM degrees and how automation will eliminate our jobs. There’s even talk of how companies are working toward “lights out” facilities where robots basically work around the clock, in the dark. But while it’s hard to dispute the value that robotics and automation bring to business, there’s also a something missing from this conversation. We’re losing sight of the importance of soft skills–like communication, empathy, mindfulness, creativity, collaboration, and leadership. advertisement advertisement For instance, an engineer who can develop brilliant new product designs but who can’t effectively communicate the value of those designs to others (or collaborate with design teams to bring those ideas to life) is doing himself and his organization a major disservice. Similar problems apply at the leadership level, too, where often everyone from the manager to the senior level fails … [Read more...] about As our lives become more automated, these are the skills you’ll need
advertisement advertisement The year 2012 is not only the Year of the Dragon, it also marks 30 years since In Search of Excellence was published. While there have been voices over the years which have been critical of the book’s methodology, its resulting content, and even its writing style, the case can be made that it is the most influential management book not only in these last 30 years but perhaps–just perhaps–ever. Hyperbole? Consider: It created a new genre of “best seller” business books, works that were not only informative but interesting and highly readable for Everyman. With a few exceptions, such as McGregor, Chandler, Sloan, maybe Drucker, many (most?) prior books on management/leadership were arcane tomes written by academics for academics and practitioners and were rarely found on any popular “best seller” list. Now “business” is considered a book category in itself thanks in no small part to … [Read more...] about The Most Influential Business Book Of The Last 30 Years?