BS Reporter
BS Reporter
Page 541 - Bs Reporter
Ola completes two years in Chennai, registers 40% m-o-m growth
Chennai now second largest market after Bangalore for the taxi aggregator
 "Ola completes two years in Chennai, registers 40% m-o-m growth")
Fireside Ventures, Mumbai Angels and MAPE Advisory invest in Bounty
The nanolocal commerce app would utilise funds to expand the team
 "Fireside Ventures, Mumbai Angels and MAPE Advisory invest in Bounty")
Maruti Suzuki looking at market leadership in premium hatchback car segment
The company has already seen booking of 4,600 units of Baleno
 "Maruti Suzuki looking at market leadership in premium hatchback car segment")
Hindustan Coca-Cola takes over Georgia Tea & Coffee business in India
Georgia is the tea and coffee brand from Coca-Cola Company
 "Hindustan Coca-Cola takes over Georgia Tea & Coffee business in India")
India fares best in S. Asia on WB's Ease of Business list
It also fares better than the others on at least two of the three indicators in which it has done better
 "India fares best in S. Asia on WB's Ease of Business list")
Defence unit at Tata Steel Gopalpur park to start production in Feb
Unit is being set up on area of five acres at an investment of Rs 50 crore
 "Defence unit at Tata Steel Gopalpur park to start production in Feb")
JSW Energy Q2 net profit up 54% to Rs 492 crore
Total income rose to Rs 2,513 crore
 "JSW Energy Q2 net profit up 54% to Rs 492 crore")
Sundaram BNP Paribas Home Finance Q2 net up by 27% at Rs 40.5 cr
Disbursements during Q2 of FY16 stood at Rs 450 cr as against Rs 537 cr during Q2 of FY15
 "Sundaram BNP Paribas Home Finance Q2 net up by 27% at Rs 40.5 cr")
Sun TV Q2 profit up by 41.37%
Company reported a total income of Rs 588.44 crores up by 10.77%
 "Sun TV Q2 profit up by 41.37%")
Singapore-based online retailer Shopmatic launches operations in India
Company helps manage anyone who wants to sell online tackle the entire process
 "Singapore-based online retailer Shopmatic launches operations in India")
Facebook's Zuckerberg makes strong pitch for internet.org in India
Highlighting the importance of India, Zuckerberg says one can't connect the world without connecting India
 "Facebook's Zuckerberg makes strong pitch for internet.org in India")
Wipro signs 5-year IT contract with Norway's Coop Norge Handel
Will upgrade the company's data center infrastructure
 "Wipro signs 5-year IT contract with Norway's Coop Norge Handel")
India jumps 4 spots on World Bank's ease of doing business list
India still lags behind Nepal(99) and Sri Lanka(107) with Bhutan(71) claiming the highest spot in South Asia
Maruti Suzuki net jumps 42% on record sales
Posts Rs 1,226 cr profit; net sales up by 13% to Rs 13,575 cr
 "Maruti Suzuki net jumps 42% on record sales")
Govt sets up panel to untie I-T Act knots
Panel to give suggestions by Jan 31 to help incorporate those in Budget FY17
 "Govt sets up panel to untie I-T Act knots")
States to offload 82,000 tonnes of confiscated pulses into markets
Move expected to cool retail prices before Diwali
 "States to offload 82,000 tonnes of confiscated pulses into markets")
BoB: RBI may invoke bilateral pact for info from Hong Kong
RBI scanner on loopholes in systems at BoB
 "BoB: RBI may invoke bilateral pact for info from Hong Kong")
Gujarat plant: Maruti to seek minority shareholders' nod
The proposed plant had faced resistance from a section of shareholders who objected to certain clauses related to the pricing of the cars to be manufactured at the plant
 "Gujarat plant: Maruti to seek minority shareholders' nod")
Cairn-Vedanta merger deal not to be reworked
There was speculation that the deal may be reworked for minority shareholders' satisfaction
 "Cairn-Vedanta merger deal not to be reworked")
Lupin's profit down 35%
Earnings of Lupin have been hurt in recent quarters by a slowdown in the pace of approvals to launch new drugs, afLer the US FDA overhauled the review process
 "Lupin's profit down 35%")