Venkatesha Babu

Karnātaka

Bureau Chief and Associate Editor at The Hindu Business Line

Flotsam & Jetsam drifting on life’s tide. Mostly retweets of stuff I find interesting. RT's & likes ≠ endorsements (duh!) and other usual disclaimers.

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Articles

T T Jagannathan: Cooking up a legacy of success

1 month ago | thehindubusinessline.com | Venkatesha Babu

On Monday, TTK Prestige informed the bourses that its Non-Executive Chairman and Director on the board TT Jagannathan who had served in various capacities including that of Managing Director and Executive Chairman would be stepping down from all roles. Even as the company board conferred the title of ‘Chariman Emeritus’ and requested him to be a non-executive director, the bland announcement belied the rich 50-year legacy that Jagannathan cooked up at the company he inherited.
Bosch’s PAT drops 12% to ₹458 crore in Q3

Jan 28, 2025 | thehindubusinessline.com | Aishwarya Kumar |Venkatesha Babu

German mobility major Bosch Ltd has reported a profit-after-tax (including exceptional items) at ₹458 crore for the quarter that ended on December 31, down by 12 per cent year-on-year (YoY) from ₹518 crore. The revenue from operations stood at ₹4,465.7 crore for Q3FY25 crore from ₹4,205.2 crore, up by 6.2 per cent YoY. The revenue growth is driven by the increase in service income from the development of automotive components for major OEMs, said the company.
Siddaramaiah gets a boost as Congress sweeps Karnataka bypolls

Nov 23, 2024 | thehindubusinessline.com | Venkatesha Babu

The Congress government led by Siddaramiah in Karnataka got a fillip on Saturday after the ruling party wrested the Chennapatna and Shiggaon seats from NDA partners – BJP and JDS while retaining Sandur in the Assembly bypolls.
Biocon projects accelerated growth for H2FY25, fueled by product launches, and increased volume

Nov 4, 2024 | thehindubusinessline.com | Aishwarya Kumar |Venkatesha Babu

Pharma major Biocon Ltd announced its quarterly earnings reporting a loss of ₹16 crore for the quarter ending September 30. While the company missed analyst and market expectations, it is poised for growth in the second half of FY25. Siddharth Mittal, CEO and Managing Director of Biocon Ltd spoke to businessline about how the company is aligned with its growth strategy and the guidelines set for the year.
‘Believe in the Best’: TPG Nambiar, the original atmanirbharata champion

Nov 1, 2024 | thehindubusinessline.com | Venkatesha Babu

Dynamic House, located on Church Street in the most fashionable part of Bengaluru, is today a pale shadow of the powerhouse it once was. The headquarters of British Physical Laboratories (BPL), a group which once was a dominant player in consumer electronics and telecom, is back in the news only because of the demise of TP Gopalan Nambiar or TPG, as he was fondly referred to, at the age of 94 on Thursday after a prolonged illness.
The turnaround that Puravankara built

Aug 11, 2024 | thehindubusinessline.com | Aishwarya Kumar |Venkatesha Babu

Thirty-seven-year-old Yeshwant Kumar, a senior product manager with a global technology major in Bengaluru, has been house hunting to accommodate his growing family for the past two months. “We are expecting the arrival of our second child in December and want to move away from the two-bedroom flat that we bought six years ago.
Medicover Group of Hospitals to open another facility in Bengaluru

May 29, 2024 | thehindubusinessline.com | Venkatesha Babu

Medicover Group of Hospitals, India is opening a new facility in Bengaluru with an investment of ₹120 crore in June. In the next five years, the company plans to open 4-5 more hospitals in Bengaluru, said Anil Krishna, Chairman and Managing Director of Medicover Group of Hospitals, India. The new facility in Whitefield area will have a total bed capacity of 300 beds. In tandem with its expansion plans, Medicover will also open another facility in Warangal.
JD(S) MP Prajwal Revanna to appear before Karnataka SIT on May 31

May 27, 2024 | thehindubusinessline.com | Venkatesha Babu

JD(S) MP Prajwal Revanna, who is facing multiple charges of rape and sexual assault, has said that he will appear before the State government appointed SIT on May 31. In a video released on Monday, he has apologised to his grandfather, parents, uncle and partymen for not appearing earlier. Thirty-three-year-old Prajwal is the incumbent MP from JDS’ family borough, Hassan, and had sought re-election as Hassan went to the polls on April 24.
Aster DM Healthcare announces ₹250 crore expansion plans for Aster CMI Hospital

May 27, 2024 | thehindubusinessline.com | Venkatesha Babu

Aster DM Healthcare Limited, a healthcare provider in India, has announced its expansion plan for Aster CMI Hospital, a multispecialty hospital in Bengaluru. The hospital will have an infrastructure expansion of 300,000 sq feet with an investment of around ₹250 crore. The hospital plans to increase its bed capacity from existing 500 to 850 beds by FY2027. This expansion is in line with Aster’s mission of becoming the 3rd largest healthcare player in India within the next 3 years.
Biocon to invest ₹2,200 crore in capex in the next 2 years

May 20, 2024 | thehindubusinessline.com | Venkatesha Babu

Bengaluru-based biopharmaceutical company Biocon Limited recently released their Q4 FY24 results, indicating a 56.7 per cent decline in consolidated profits to ₹135.5 crore compared to ₹313.2 crore in Q4 of the previous year. Siddharth Mittal, CEO & Managing Director, Biocon Limited, spoke to businessline about the performance and outlook of the group’s three business segments - Biosimilars, Generics, and Research Services - and discussed future roadmaps.