BS Reporter
BS Reporter
Page 538 - Bs Reporter/workspace/business Standard Web/undefined
ADB, IFMR Capital partner with IndusInd Bank to lend to Indian MFIs
Guarantee from ADB and IFMR to cover default risk of selected MFIs at agreed ratio
 "ADB, IFMR Capital partner with IndusInd Bank to lend to Indian MFIs")
No CAG audit of Delhi Power Discoms: Delhi HC rejects AAP's Plea
Major relief to Reliance Power and Tata Power, blow to AAP's claims
 "No CAG audit of Delhi Power Discoms: Delhi HC rejects AAP's Plea")
Accel Partners and Jungle Ventures invest in Moglix
Moglix aims to become online-first sales and marketing engine for Asian brands to sell into over 100 countries
 "Accel Partners and Jungle Ventures invest in Moglix")
Trai to look into call drop compensation concerns
Promised telcos to look into issues raised by them
 "Trai to look into call drop compensation concerns")
SpiceJet COO Sanjiv Kapoor quits
Kapoor initiated a series of flash sales and marketing campaigns to raise the airline's profile, sell inventory and cut losses
 "SpiceJet COO Sanjiv Kapoor quits")
Vistara appoints Sanjiv Kapoor as its commercial head
Kapoor, who quit as COO of SpiceJet, will take charge from Feb
 "Vistara appoints Sanjiv Kapoor as its commercial head")
Marks & Spencer goes online but via e-tailers Myntra, Flipkart
British fashion and lifestyle brand has been trying to make a foray into the online segment for some time now in the India market
 "Marks & Spencer goes online but via e-tailers Myntra, Flipkart")
HCL buys PowerObjects for Rs 300 crore
The cash consideration includes contingent payments upon achieving certain financial milestones
 "HCL buys PowerObjects for Rs 300 crore")
Grasim net profit rises 17% on higher sales
Company posts Rs 489 cr profit, revenue up by 6% to Rs 8,393 cr
 "Grasim net profit rises 17% on higher sales")
Airtel sweetens deal for prepaid data subscribers
Company offering a slew of freebies, cash-back on data and data sharing plans
 "Airtel sweetens deal for prepaid data subscribers")
Nestle India Q3 net down 60% at Rs 124 cr
Total income decreased 31% to Rs 1,769 cr; company says Q3 results impacted by Maggi noodles issue
 "Nestle India Q3 net down 60% at Rs 124 cr")
Sonata Software to acquire IBIS for $14 mn
Georgia-headquartered I.B.I.S. is a Microsoft Dynamics partner and delivers supply chain solutions including its proprietary advanced supply chain software solution
 "Sonata Software to acquire IBIS for $14 mn")
Colgate Palmolive India Q2 net up 21% at Rs 157 crore
Net sales of the company also rose to Rs 1,032 crore for the quarter
 "Colgate Palmolive India Q2 net up 21% at Rs 157 crore")
Glenmark net profit up 19.8% on revenue growth
Drug maker suffers setback on R&D front following discontinuation of molecule trials
 "Glenmark net profit up 19.8% on revenue growth")
Dr Reddy's Q2 net up 26% at Rs 722 cr
Higher sales growth and sustained product margins from the company's US generics business led to the good numbers
 "Dr Reddy's Q2 net up 26% at Rs 722 cr")
Divergent trends in revenues and expenditure: Gokarn
He argued that on the revenue side there appears a shift towards greater centralisation, with the likely implementation of the GST
 "Divergent trends in revenues and expenditure: Gokarn")
Aided by tax arrears, NTPC net rises 40%
Total income up by 7% to Rs Rs 17,899 cr
 "Aided by tax arrears, NTPC net rises 40%")
Banking frauds: CVC, CBI, ED draw up plan for recovery
CVC told RBI to scan forex deals in single account with total value above $100,000
 "Banking frauds: CVC, CBI, ED draw up plan for recovery")
