Company
The dividend route to disaster
Abnormally high dividend pay-outs may harm not only the company but also the market and the economy
Mylab picks up majority stake in point-of-care testing firm
Sanskritech has develop a point of care testing platform Swayam that can do 70 tests on the spot
 "Mylab picks up majority stake in point-of-care testing firm")
Minda picks up 26% in charging solution startup EVQPOINT via subsidiary
Deal will allow Spark Minda to capitalise on the shift to electric mobility and bolster its position as a one-stop shop for comprehensive charging solutions for EVs
 "Minda picks up 26% in charging solution startup EVQPOINT via subsidiary")
EIL Technical Director Vartika Shukla takes charge as chairperson
A Chemical Engineer from IIT, Kanpur, Shukla joined EIL in 1988 as a Mgt Trainee. In her 32 years at the firm she has led the completion of many energy projects in India and abroad
 "EIL Technical Director Vartika Shukla takes charge as chairperson")
Birlas betting big on realty, lines up Rs 1,000-cr capex for Birla Estates
Century Textiles & Industries, which runs three business verticals -- paper & pulp, realty and paper tissues, and nets over 70 per cent of the income from the first -- is diverting its focus onto the real estate business and has lined up Rs 1,000 crore for capex this fiscal for its ongoing and upcoming projects, including the super premium Worli project. At this level, the capex is nine times the other two businesses are getting, a top official of the AV Birla Group firm has said. Birla Estates was launched as the real estate business vertical of Century Textiles in 2016, and has large land bank cushioning the price impact thus making it more attractive considering the massive cost of land in the cities it is focusing on -- Mumbai and its suburbs, Delhi-NCR, Bengaluru and Pune. "We've set aside Rs 1,000 crore in capex for Birla Estate this fiscal and going forward, our main focus will be on real estate and we want to be among the top 5 players over the next three to five ...
 "Birlas betting big on realty, lines up Rs 1,000-cr capex for Birla Estates")
With US sales recovering, Lupin Q2 profit up 97% over Q1 to Rs 211 cr
The revenues, however, dropped by 1.2 percent on a year on year (YoY) basis to Rs 3,835 crore, but sequentially the revenues rose 8.7 percent
 "With US sales recovering, Lupin Q2 profit up 97% over Q1 to Rs 211 cr")
With new brand identity, Weikfield Foods eyes 2.5x growth in revenue
The company also announced a comprehensive repositioning strategy recently
 "With new brand identity, Weikfield Foods eyes 2.5x growth in revenue")
3 keys to a killer company culture
It's no fun to work where you can't grow or effect change, reports Tech in Asia
 "3 keys to a killer company culture")
