Kolkata | 4 days ago
Uniross could break even in two year: Eveready
Kolkata, Sep 23 - Eveready Industries - Limited -, a flagship company of the B.M. Khaitan Group, Friday said Uniross SA, a French rechargeable battery maker it acquired two years ago, could break even this year and become profitable in two years' time.EIIL acquired the French firm from CG Holding to gain access to other geographies where the company has no presence like Europe, Southeast Asia and ... read more

Kolkata | 4 months ago
Tight security for Mamata's swearing-in
Kolkata, May 19 - Elaborate security arrangements are in place at Raj Bhavan, where Trinamool Congress chief Mamata Banerjee will be sworn-in as West Bengal's first woman chief minister Friday, with the who's who of politics, business, art and culture in attendance.'We have deployed Quick Response Teams - under the leadership of senior deputy commissioners in and outside the Raj Bhavan compound an ... read more

Kolkata | 1 year ago
Eveready plans to expand product portfolio
Kolkata, July 30 - Eveready Industries India Ltd is planning to expand its products portfolio to reduce dependency on batteries, a company official said here Friday.'We need to expand our portfolio to bring in volumes and improve profitability as some of the new businesses we ventured into are not giving us the desired margins,' Deepak Khaitan, vice chairman and managing director of Eveready Indus ... read more

Kolkata | 1 year ago
Eveready hikes battery prices by 5-10 percent
Kolkata, March 13 - Eveready Industries India has hiked the prices of its range of dry cell batteries by 5 to 10 percent, a senior company official said here.The prices were increased from Friday. 'Over the past 4-5 months there has been a continuous upward climb in the prices of zinc, a key raw material for making batteries, which has adversely impacted the manufacturing cost of carbon zinc batte ... read more

Kolkata | 1 year ago
MBEL plans to list subsidy in Singapore
Kolkata, Jan 30 - Engineering firm McNally Bharat Engineering Ltd - plans to get its wholly-owned overseas subsidiary MBE Holdings Pte Ltd listed in Singapore.The subsidiary is being used by the company for overseas acquisitions and it has already acquired coal and mineral engineering business of KHD Humboldt Wedag of Germany and EWB International of Hungary. 'We plan to list the Singapore subsidi ... read more

2 years ago
Eveready eyes 10 percent growth in 2009-10
Kolkata, July 24 - India's leading dry cell battery manufacturer Eveready Industries is eyeing a growth of 10 percent in 2009-10 as against a revenue decline of eight percent the previous year. 'We hope the de-growth will be arrested, and we are expecting a 10 percent growth. Our sales volumes should grow by 55 percent,' Eveready executive vice-chairman and managing director Deepak Khaitan said ... read more

2 years ago
Eveready close to acquiring European battery company
Kolkata, May 14 - Dry cell batteries and flashlights manufacturers Eveready Industries India is close to acquiring Paris-based Uniross SA, a top official said over a conference call from Frankfurt. Uniross, a 40 million-euro - European leader in rechargeable batteries, is reported to be in deep financial trouble owing to the recession and hike in raw material prices. Eveready, based here, Thurs ... read more

2 years ago
Eveready expects 10-20 percent topline growth this fiscal
Kolkata, April 27 - Eveready Industries India, manufacturer of dry batteries, flashlights and packet tea, expects a 10-20 percent growth in its topline during the current fiscal, a top official said here Monday. 'We expect our battery business to stay flat in the current year, but a 100 percent growth in our lighting business is likely to happen,' Deepak Khaitan, managing director and vice-chair ... read more

2 years ago
McNally to hive off product division to subsidiary
Kolkata, Nov 10 - Engineering firm McNally Bharat Engineering Company Limited - would hive off its products division to its subsidiary McNally Sayaji Engineering Ltd, a top company official said here Monday. 'McNally Sayaji is expected to achieve sales of Rs.10 billion by 2014-15,' McNally Bharat's chairman Deepak Khaitan told reporters. MBE acquired majority stake in Sayaji Iron and Engineering ... read more

3 years ago
McLeod Russel posts Rs.970 mn net loss
Kolkata, June 2 - Tea manufacturer McLeod Russel India Ltd - posted a net loss of Rs.970 million - for the quarter ended March 31, 2008, as compared to a loss of Rs.754.3 million of the year-ago period. Net sales during the period stood at Rs.1.79 billion against Rs.1.73 billion of the last quarter of the previous fiscal. MRIL vice-chairman Deepak Khaitan said: 'Outlook for the current year is ... read more