Page 6483 - Company News
Titan has 60-65% market share in wrist watch segment
Firm launches its first integrated store in Bhopal, offering watches and eyecare products under one roof
 "Titan has 60-65% market share in wrist watch segment")
Warren Tea acquires 8.5% stake in Pressman Advertising
Picks up two million shares for Rs 7 crore
 "Warren Tea acquires 8.5% stake in Pressman Advertising")
India among top 3 nations generating most billionaires
Mukesh Ambani with a wealth of Rs 1.2 lakh cr tops the list in country, followed by Dilip Shanghvi of Sun Pharma with an estimated wealth of Rs 1.02 lakh cr
 "India among top 3 nations generating most billionaires")
FreeCharge raises $80 million in Series-C funding
FreeCharge is a mobile commerce platform where users can pay their mobile, DTH and utility payments
 "FreeCharge raises $80 million in Series-C funding")
Alibaba's Ant Financial to take a 25% stake in Paytm's parent company
In its first India investment, to also provide the aspiring payments bank with strategic and technical support
 "Alibaba's Ant Financial to take a 25% stake in Paytm's parent company")
Online education: the next big thing in India
Better start-up environment along with higher internet and smartphone penetration is aiding the sector
 "Online education: the next big thing in India")
Civil aviation policy to get delayed again as industry awaits consensus
Cabinet nod needed on several issues; likely only in March
 "Civil aviation policy to get delayed again as industry awaits consensus")
South Korea's Posco faces another setback in India
The steel and mines minister today ruled out an exception to an executive order mandating auctions for all new mines, which means Posco's costs will rise
 "South Korea's Posco faces another setback in India")
Aurobindo Pharma: Margin pressure spoils the show
Currency headwinds impacted these, which can rebound
 "Aurobindo Pharma: Margin pressure spoils the show")
TVS Motor postpones new launches
Will launch two bikes in the Q1, Q2 of next fiscal
 "TVS Motor postpones new launches")
 "Rejig at Infosys to push CEO's strategy")
Heavy advertising by e-tailers hits physical retailers' sales growth
Online retailers spent Rs 300 cr on advertising in December quarter, almost ten times higher than the physical retailers
 "Heavy advertising by e-tailers hits physical retailers' sales growth")
Orange explores buying some Bharti Africa assets: Sources
Orange is considering a variety of options, including takeovers, partnerships and an IPO of its African unit
HDFC Bank raises Rs 9,840 cr from bullish investors
Good response to ADR and domestic issue opens gates for other firms to raise funds
 "HDFC Bank raises Rs 9,840 cr from bullish investors")
MbPT invites bids for storage and re-gasification unit at Mumbai harbour
The 5 MMTPA capacity project to cost Rs 2,740 crore
 "MbPT invites bids for storage and re-gasification unit at Mumbai harbour")
Listed cos spend Rs 1,600 cr in audit fee in 2013-14
The average audit fee paid by companies listed on the National Stock Exchange was Rs 1.14 cr
 "Listed cos spend Rs 1,600 cr in audit fee in 2013-14")
Posco will have to bid for iron ore mines
Posco has previously been promised Khandadhar mine by Odisha govt for mega steel plant but the actual allocation never happened due to delays in regulatory nods
 "Posco will have to bid for iron ore mines")
Shalby Hospitals forays into West Asia through JV
This will enable Shalby to take their innovative '0' Technique of total knee replacement [TKR] Surgery to UAE