STARTUP/TECHNOLOGY
HCL Infosystems Business Will Contract As Losses Widen In FY26
HCL Infosystems has no ability to invest in new businesses or expand its existing operations, said Chairman Nikhil Sharma. . The loss making company will continue to contract in the foreseeable future as it focuses on supporting legacy contracts and recovering long-overdue customer dues, he said in the latest annual report. Financial support from promoters […]
CW Bureau
·
Aug 25, 2026
RETAIL/FMCG
EID Parry Focuses On ‘Disciplined Renewal’ Amid Challenging FY26
EID Parry (India) will focus on “Disciplined Renewal” in FY27 with emphasis on margin improvement, tighter cost management, stronger cash flows and accelerated digital and AI-led transformation initiatives amid an uncertain global environment. FY26 remained challenging for the company as it navigated a demanding operating environment through disciplined execution, operational efficiency and portfolio reshaping measures, […]
CW Bureau
·
May 28, 2026
MANUFACTURING
CUMI To Wind Up AWUKO Abrasives GmbH Amid Persistent Losses
Murugappa group company Carborundum Universal Ltd (CUMI) has initiated steps to wind down its German step-down subsidiary, CUMI AWUKO Abrasives GmbH (CAAG), citing continued underperformance and mounting losses. The decision was approved by the Board of CUMI International Ltd (CIL), Cyprus, the holding company of CAAG, to proceed with a voluntary winding-up process under German laws. […]
CW Bureau
·
Mar 31, 2026
MANUFACTURING
M&M Japanese Arm To Wind Up Farm Machinery Biz On Persistent Losses
Mahindra and Mahindra (M&M) on Monday said its associate firm Mitsubishi Mahindra Agricultural Machinery Co., Ltd. (MAM) and its subsidiaries will withdraw from the agricultural machinery business, citing continued losses despite multiple structural measures aimed at restoring profitability. MAM’s board approved the decision on March 2 after a detailed assessment of the business’s long-term viability […]
CW Bureau
·
Mar 2, 2026
