Nachiket Kelkar covers major corporate news across sectors. He loves photography and travelling to off-beat destinations
Articles by Nachiket Kelkar
Doubling of tax on debt mutual funds to hit retirees
On Thursday, finance minister Arun Jaitley gave investors and the mutual fund industry a jolt by increasing the long-term capital gains tax on debt mutual funds to 20% from 10%. The definition of long-term has also been changed to 36 months for non-equity MFs from 12 months.
Updated on Jul 11, 2014 11:07 PM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Sony likely to spend Rs 800 crore to boost market share in India
Consumer electronics giant Sony will spend Rs 800 crore in India this year, up from Rs 650 crore last year, to boost its sales and distribution network and increase investment on marketing its latest gadgets.
Updated on Jul 08, 2014 08:31 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Mahindra eyes buying Sweden’s Saab again
India’s largest utility vehicle maker, Mahindra & Mahindra is said to be interested in acquiring bankrupt car maker Saab in its latest bid to become an international auto giant, with a news report in its native Sweden saying the Pune-based group has evinced an interest in buying it.
Updated on Jun 17, 2014 11:45 PM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Diageo gets Sebi nod for USL open offer
The world’s largest spirits maker, Diageo plc, has received approval from Securities and Exchanges Board of India (Sebi) for its proposed open offer to pick up an additional 26% stake in India’s largest spirits maker United Spirits Ltd (USL).
Updated on May 27, 2014 12:02 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Lupin eyes acquisitions in Latin America, East Europe
Pharma major Lupin is looking for a bigger share in the international market and will continue to seek acquisition oppurtunities in Latin America and eastern Europe. The company also plans to acquire brands in the US.
Updated on May 09, 2014 12:20 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
HUL, Britannia, Marico forced to hike prices
FMCG seem to have hit a speed breaker as consumers keep a check on spending amid the economic slowdown and high prices. With cost of raw materials rising sharply, FMCG companies are likely to report lower sales in this quarter.
Updated on Apr 21, 2014 11:58 PM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Little-known small stocks surge in broad-based rally
The bull run in the markets due to strong foreign inflows and expectations of a more stable and investor-friendly government at the Centre is boosting not only large caps but smaller companies as well.
Updated on Apr 18, 2014 12:37 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
You can now hoard cash legally on the internet
In the digital era, old ideas of money are taking new shape, thanks to revolutionary technologies. The mobile wallet, an idea which is exploding in growth, is one such.
Updated on Apr 08, 2014 11:17 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Aditya Birla Nuvo plans Pantaloon growth push
A year after taking over Kishore Biyani-led Future Group’s apparel retail chain, Aditya Birla Group-owned Pantaloons Fashion and Retail is speeding up expansion plans of its stores.
Updated on Apr 06, 2014 10:55 PM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Tata Group plans ad blitz to showcase global avatar
The Tata Group is working on a global campaign to highlight the brand and showcase its many businesses. The new campaign will essentially focus on communicating the group’s increasing strength in the international market
Updated on Mar 25, 2014 01:07 PM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Hotel chains struggle with low bookings
The Indian Hotels Company last week announced an additional non-cash provision of Rs 500 crore on its books citing macroeconomic depression and the adverse effect it had on some of its investments.
Updated on Mar 17, 2014 12:32 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
New guidelines to generate 100K jobs in 6yrs
Between now and 2020, India will need almost 100,000 people with experience in poverty alleviation, environment conservation and management, and other development-related qualifications, to fill up new jobs that will be created.
Updated on Mar 15, 2014 10:37 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
P&G, HUL, Wipro, Godrej raise prices of soaps and detergents
Fast-moving consumer goods (FMCG) giants including Hindustan Unilever (HUL), Wipro, Godrej Consumer Products and Procter & Gamble (P&G) have increased the prices of some of its products to offset high input costs.
Updated on Mar 03, 2014 11:51 PM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Godrej ups soap prices to offset higher costs
Godrej Consumer Products has hiked prices across its soaps portfolio by 3-4% to offset a rise in cost of raw materials, that is putting pressure on companies’ margins.
Updated on Feb 05, 2014 12:50 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Booming demand: Small towns bite into exotic imported foods
Interestingly, the demand for exotic, imported food products like cheese, tortilla chips, pasta, sauces and olive oil among others has gone up by 27-28% in small towns recently against a 15-17% growth in big cities, according to recent data.
Updated on Jan 27, 2014 12:47 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Reliance Retail, Big Bazaar woo kirana stores to expand operations
India’s top organised retailers including Future Group and Reliance Retail are roping in local kirana-walas to expand operations and widen product reach, but small traders remain sceptical of their moves.
Updated on Jan 10, 2014 12:50 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Top executives join AAP to serve people better
Arvind Kejriwal’s call for clean politics is attracting several senior corporate executives and businessmen into its fold.
Updated on Jan 05, 2014 01:13 AM IST
Hindustan Times | M Rajendran and Nachiket Kelkar, New Delhi/ Mumbai
Cyrus Mistry has to deliver on his promise
The chairman of Tata Sons, who took over on December 28, 2012, has put in place a new team to lead the group. Now, he has to deliver on his promise with their collective acumen and corporate wisdom.
Updated on Dec 28, 2013 01:43 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Mahindra bets big on agriculture business
India's largest tractor maker Mahindra & Mahindra (M&M) has big plans across the agriculture business value chain, from supplying nutrients and providing advice, to offering micro-irrigation systems and green houses, apart from selling branded fruits directly sourced from farmers.
Updated on Dec 17, 2013 12:28 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
A leader must have modesty and humility
Yeshwant Moreshwar Deosthalee is the chairman and managing director of L&T Finance Holdings, a subsidiary of engineering and construction giant Larsen & Toubro
Updated on Dec 04, 2013 11:13 PM IST
Hindustan Times | Nachiket Kelkar
Cutting their teeth in difficult times, meet India’s young fund managers
Young and restless in some ways, mature and calm in other, India’s youthful fund managers 40 or under represent a new breed in the financial markets.
Updated on Nov 23, 2013 03:45 PM IST
Hindustan Times | Nachiket Kelkar and Manik Malakar
Focus on home labels: Future Group, Tatas to scale up presence
Organised retailers in India are giving a big push to their own private label products to cash in on a growing appetite among consumers for differentiated and value products.
Updated on Nov 19, 2013 09:30 AM IST
Hindustan Times | Nachiket Kelkar
Biyani to mop up cash by selling stake in JVs
The Kishore Biyani-controlled Future Group, which is a minority shareholder in several mid-sized consumer-focussed companies, is looking to sell its stakes in those that have attained scale and invest in new companies at a lower cost.
Updated on Nov 05, 2013 02:21 AM IST
Hindustan Times | Nachiket Kelkar, Mumbai
Indian IT companies to feel Infosys visa pinch
Though the actual amount of the fine is hardly likely to dent the balance sheets of Infosys, but the brand value - of both Infosys and the Indian IT industry as a whole - is bound to suffer erosion. HT reports.
Updated on Oct 31, 2013 11:16 AM IST
Hindustan Times | Vivek Sinha and Nachiket Kelkar, New Delhi/mumbai