Page 1011 - Business Finance
India has taken a lead in energy accessibility: Modi
India has taken a lead in energy accessibility and will achieve 100 per cent household electrification by the end of this year, Prime Minister Narendra Modi said on Monday.
Global woes, tepid quarterly earnings dent Indian shares
(Reuters) - Indian shares fell on Monday, in line with broader Asian markets, as global growth worries, including the U.S.-Sino tariff war, and lacklustre domestic earnings muted sentiment.
Board of India Cements approves alteration of AoA
At meeting held on 11 February 2019
Energy Sector Has Seen Unprecedented Reforms In Last Five Years
Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Dharmendra Pradhan said in a latest speech India has seen unprecedented reforms in the last five years in the energy sector. He said that these reforms have accelerated our work in delivering energy justice to the poorest of the poor by adopting the four pillars visualized by Prime Minister Modi- Energy access, Energy efficiency, Energy sustainability and Energy security as our guiding principles.
Modi pitches for responsible oil pricing for affordable energy
With volatile oil prices in the past playing havoc on economies of importing nations like India, Prime Minister Narendra Modi Monday made a strong case for a responsible pricing of crude oil that balances interests of both producers and consumers, saying people must have universal assess to clean, affordable and equitable supply of energy. Speaking at the Petrotech 2019 conference here, he said the world for long has seen crude prices on a roller-coaster. For a nation dependent on imports to meet more than 80 per cent of its oil needs and half of its gas requirements, the volatility last October jacked up retail petrol and diesel prices to record highs. The same has led to natural gas not being used as a fuel in power plants despite it having enormous environmental advantage over polluting coal and liquid fuels. "We need to move to responsible pricing, which balances the interests of both the producer and consumer," he said. "We also need to move towards transparent and flexible ...
Voltas to invest Rs 500 crore for manufacturing facility in south India
Voltas Limited plans to set up a new facility with an investment of more than Rs 500 crore for manufacturing air conditioners and related cooling products in south India.The facility at Tirupati will be spread over 65 acres and have a total capacity of more than one million units to start with.Voltas aims to start rolling out the products from the second half of 2020. The company will put together an OEM base for home appliances and simultaneously create local employment opportunities in the region.This manufacturing facility will be one of the first cooling appliances unit in Andhra Pradesh. The choice of Andhra Pradesh as the destination for the new manufacturing unit was due to the state's ease of doing business and growing focus on Make in India.The location provides dual benefits of superior market access and cost-effective connectivity via road and port. Voltas will cater to the south, west and east markets through this manufacturing facility.Pradeep Bakshi, Managing Director ...
Energy key driver of socio-economic growth: Modi
Prime Minister Narendra Modi said on Monday that people must have universal access to clean, affordable, sustainable and equitable supply of energy in a fast-growing economy like India."Several decades of public life have convinced me that energy is a key driver of socio-economic growth," he said while addressing the inaugural session of Petrotech 2019 here."At the macro level, the energy sector is a pivot and a key enabler of growth. Natural gas is fast becoming one of the largest fuels in global energy mix. Nations are coming together to tackle climate change. We are entering an era of greater energy availability," he said.The prime minister said India has the potential to emerge as the world's second largest economy by 2030. "We are the third largest energy consumer in the world with demand growing at more than 5 per cent annually. India remains an attractive market for energy companies with energy demand expected to be more than double by 2040."Suitably priced, stable and ...
TCS partners with JDA Software to develop cognitive supply chain solutions
Tata Consultancy Services (TCS) on Monday announced a global partnership with JDA Software to build next-generation cognitive solutions and offer consulting and system integration services around digital technologies, to optimise supply chains for customers worldwide.These solutions will accelerate human-machine collaboration to solve complex business problems, faster and better, delivering multi-fold productivity improvements and transforming customer experience.Enterprises can harness the power of cloud, AI and Ml, allowing them to gain complete supply chain visibility and receive prescriptive recommendations to make accurate and profitable business decisions. Businesses will benefit from real-time predictive analytics and cloud-driven business models that help realise outcome-based supply chain transformations."Combining TCS' advanced and disruptive Business 4.0 digital technologies and deep expertise with JDA's end-to-end supply chain and retail solutions, we will collectively ...
Al Jazeera partners with Bloomberg to expand business coverage
(Reuters) - Qatar's Al Jazeera Media Network said on Monday it would partner with Bloomberg Media Distribution as part of a content license agreement to expand its global business news coverage.
Gold slips as trade tensions buoy dollar; U.S-China talks in focus
(Reuters) - Gold prices eased on Monday as uncertainties around U.S-China trade tensions made the dollar buoyant, taking sheen off the metal's safe-haven appeal even as investors were worried about a slowdown in global economic growth.
Fashion rental company RENT IT BAE raises its first investment round from GEMs VC
RENT IT BAE, a luxury fashion rental service offering ethnics, westerns and accessories from designer labels and brands on rent has raised an undisclosed amount of funding from GEMS VC, a fund based out of New Delhi.RENT IT BAE is co-founded by lawyer Aanchal Saini and techies Ricky Gujral, Amit Sharma and Karan Gujral.Aditya Gupta, Managing Partner, GEMs, had this to say about the investment; "We are excited about our investment in RENT IT BAE and also to be associated with the talent behind the company. Our belief is that clothing rentals is the next major business frontier in the "rental" market. Looking good and feeling good are hallmarks of today's environment and culture. RENT It BAE addresses this very opportunity at affordable prices. We believe that the demand will be huge and ever increasing. We are proud to support Aanchal and her team in this venture."GEMs has invested in 14 other cutting-edge start-ups across IoT, Med-tech, SaaS solutions, Travel and Logistics, Music, ...
Realty stocks decline
Indices recovered further ground in early afternoon trade after an intraday slide. At 12:25 IST, the barometer index, the S&P BSE Sensex, was down 102.76 points or 0.28% at 36,443.72. The Nifty 50 index was down 43.20 points or 0.39% at 10,900.40. Realty stocks fell.
Motherson Sumi Q3 profit dips 1 pc to Rs 555 cr
Auto component major Motherson Sumi Systems Monday reported 1.19 per cent drop in consolidated net profit at Rs 554.99 crore for the third quarter ended December 31, 2018. The company had reported a profit of Rs 561.71 crore during the same period of previous fiscal. Revenue from operations, however, rose to Rs 16,233.65 crore as compared with Rs 14,271.45 crore in October-December 2017-18, Motherson Sumi said in a regulatory filing. Shares of the company were trading 1.7 per cent up at Rs 137.35 apiece on BSE.
Gold slips as trade tensions buoy dollar; U.S.-China talks in focus
(Reuters) - Gold prices eased on Monday as uncertainties around U.S-China trade tensions made the dollar buoyant, taking sheen off the metal's safe-haven appeal even as investors were worried about a slowdown in global economic growth.
Motherson Sumi Systems quarterly profit rises 6.7 percent, but lags estimates
(Reuters) - Indian auto parts maker Motherson Sumi Systems Ltd posted a 6.7 percent rise in third-quarter profit on Monday, helped by a strong order book.
Sun TV spurts after strong Q3 results
Sun TV Network rose 8.54% to Rs 565 at 12:15 IST on BSE after net profit rose 31.60% to Rs 351.33 crore on 32.37% rise in net sales to Rs 904.45 crore in Q3 December 2018 over Q3 December 2017.
Oriental Trimex Ltd leads gainers in 'B' group
Spice Mobility Ltd, Motor & General Finance Ltd, Sundaram Multi Pap Ltd and Akme Star Housing Finance Ltd are among the other gainers in the BSE's 'B' group today, 11 February 2019.
IMA Releases Enhanced Management Accounting Competency Framework for Professionals in the Digital Age
/ -- IMA (Institute of Management Accountants) has released its enhanced Management Accounting Competency Framework. The updated Framework reflects the skills management accountants will need to remain relevant and be future-ready. (Logo: https://mma.prnewswire.com/media/510711/IMA_Logo.jpg ) The enhanced Framework keeps pace with the rapidly-changing business and technology environment and is offered to the profession as a guide for skills assessment, career development, and talent management. With technology redefining the role of the management accountant and significantly changing the business landscape and the management accounting profession at an unprecedented speed, IMA updated the Framework to keep pace with these changes. The Framework was the result of significant collaboration across IMA's content owners, led by Education and Career Services. "At IMA, we are excited to lead the industry in identifying and publishing critical competencies for the finance and accounting ...
Time to TLTRO? Markets home in on details of ECB's potential new booster
LONDON (Reuters) - Cheap bank loans, a form of stimulus first launched by the ECB during the global financial crisis, look set to make a comeback in coming months and investors anticipate shorter term loans with a variable rate to allow the central bank flexibility.
Sun TV Network Ltd leads gainers in 'A' group
Shankara Building Products Ltd, Dilip Buildcon Ltd, Reliance Naval & Engineering Ltd and Reliance Capital Ltd are among the other gainers in the BSE's 'A' group today, 11 February 2019.