Page 1041 - Business Finance
Wifi India Summit 2019 delibrates on business vase for public WiFi
The second edition of WiFi India Summit 2019 was organised in New Delhi by Bharat Exhibition to deliberate on the business case for Public WiFi. The panellist noted that with the advent of 4G, data consumption in India has grown by many folds in the last couple of years.Despite the uptake in data going up, the Indian consumers are not too happy with the quality of the service being offered. This makes for a compelling case for WiFi to coexist along with mobile data but the biggest challenge that public WiFi faces is that of monetisation.The panellist agreed that generating revenue and recovering the CAPEX are one of the biggest challenges that lie ahead for the public WiFi in India. Talking about the revenue models, Mr. Purushottam Kaushik, Head - Strategy & Special Initiatives, L&T Smart World and Communications, "Vouchers may not be a sustainable model and off-load is the way to go".However, Dr. Neena Pahuja, Director General, ERNET India, MeitY was of the opinion that the ..
Tata Motors shares crack 29.5% on biggest quarterly loss
Shares of Tata Motors Friday plummeted 29.5 per cent after the company reported its biggest ever quarterly net loss of Rs 26,960.8 crore for the third quarter ended December 31. The auto major's stock plunged 22.41 per cent to Rs 141.90 -- its 52-week low -- on the BSE. On the NSE, it cracked 29.45 per cent to Rs 129 -- its one-year low. The stock was the biggest drag on both the indices during morning trade. The company's market valuation plunged Rs 9,801.94 crore to Rs 43,007.06 crore during late morning session on BSE. The auto major Thursday reported its biggest ever quarterly net loss of Rs 26,960.8 crore for the third quarter ended December 31, hit by one-time asset impairment in its struggling British arm Jaguar Land Rover. This is the third consecutive quarterly loss reported by the company, which had registered a net profit of Rs 1,214.6 crore in the October-December quarter of 2017-18. Total revenue from operations, however, rose 4.36 per cent to Rs 77,582.71 crore as ...
Reliance Power Ltd leads gainers in 'A' group
Inox Wind Ltd, Reliance Capital Ltd, Shipping Corporation of India Ltd and Reliance Naval & Engineering Ltd are among the other gainers in the BSE's 'A' group today, 08 February 2019.
Passenger vehicle sales drop 1.87 pc in January
Domestic passenger vehicle (PV) sales declined 1.87 per cent to 2,80,125 units in January from 2,85,467 units in the same month last year. Domestic car sales were also down 2.65 per cent to 1,79,389 units as compared to 184,264 units in January 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) Friday. Motorcycle sales last month declined 2.55 per cent to 10,27,810 units as against 10,54,757 units in the same month a year ago. Total two-wheeler sales in January were down 5.18 per cent to 15,97,572 units compared to 16,84,761 units in the year-ago month. Sales of commercial vehicles were, however, up 2.21 per cent to 87,591 units in January, SIAM said. Vehicle sales across categories registered a decline of 4.68 per cent to 20,19,331 units from 21,18,465 units in January 2018, it added.
Global Markets: Asia stocks ease on anxiety over trade, growth risks
TOKYO (Reuters) - Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
Global Markets: Asian stocks ease on anxiety over trade, growth risks
TOKYO (Reuters) - Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
Nifty hovers below 11,000 mark; breadth negative
Key equity indices were hovering near day's low in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was down 220.50 points or 0.60% at 36,750.59. The Nifty 50 index was down 70.05 points or 0.63% at 10,999.35. The Nifty was trading below 11,000 mark after slipping below that level in morning trade.
SCI sizzles after strong Q3 result
Shipping Corporation of India jumped 6.65% to Rs 40.10 at 11:12 IST on BSE after net profit surged 119.72% to Rs 180.54 crore on 25.02% rise in total income to Rs 1237.30 crore in Q3 December 2018 over Q3 December 2017.
Opportunities between India-US to take relationship forward incrementally : Shringla
India and the US are cooperating across the board in practically every sector and opportunities between the two nations remain significant to take the relationship forward not just incrementally but exponentially, India's Ambassador to the US Harsh V Shringla has said. Shringla said the two nations have reached this stage in bilateral relations very fast. "In the last decade or two, we have broken this mould, we have established a partnership that today is really a paradigm relationship between states," Shringla told an audience of business executives and entrepreneurs at the Indian Consulate here Wednesday. Shringla visited New York on his first official visit after taking up his new responsibilities as Indian Ambassador on January 9. He had presented his credentials to US President Donald Trump on January 11. At the Consulate, Shringla addressed members of the Indian Professionals and Investors Network (iPIN). "We are cooperating across the board in practically every sector. The ...
Tata Motors drags Nifty lower on record loss
(Reuters) - Indian shares weakened on Friday, pulled down by Tata Motors Ltd after the automaker posted its worst quarterly loss and trimmed profit margin guidance for its British luxury car unit for the current fiscal year.
Tata Motors cuts profit margin outlook for JLR over Brexit, China woes
BENGALURU/NEW DELHI (Reuters) - Indian automaker Tata Motors Ltd lowered its profit margin guidance for the Jaguar Land Rover (JLR) unit for the current fiscal year after it posted its biggest quarterly loss on Thursday, hurt by a one-time impairment charge.
Volumes soar at Tata Consultancy Services Ltd counter
Tata Consultancy Services Ltd recorded volume of 8.08 lakh shares by 10:48 IST on BSE, a 5.87 times surge over two-week average daily volume of 1.38 lakh shares
Corrected: Tata Motors cuts profit margin outlook for JLR over Brexit, China woes
(Corrects headline and lede to clarify that profit margin warning is for JLR)
TN govt presents 2019-20 budget with no new taxes
The Tamil Nadu government Friday presented the state budget for financial year 2019-20 with no new taxes and said the revenue deficit will reduce in the coming year. In the budget presented by Deputy Chief Minister O Panneerselvam, who holds the finance portfolio, the government proposed no new taxes but said the revenue deficit was estimated to be around Rs 14,300 crore. "With higher SOTR (state's own tax revenue) growth, coupled with the phasing out of the impact of Ujwal Discom Assurance Yojana (Uday) and pay revision, the state expects to bring down the revenue deficit in the coming years," he said. The government also announced a number of initiatives in various sectors including implementing a Rs 2,000 crore comprehensive parking management project here. It will have underground parking facilities, multilevel parking facilities and on-lane smart parking to accommodate two lakh four-wheelers and an equal number of two-wheelers, Panneerselvam said.
Trump won't meet Xi before trade deal deadline
US President Donald Trump said that he won't meet his Chinese counterpart Xi Jinping ahead of a trade deal deadline on March 2 when American tariffs on Chinese products are slated to increase.
Australia's bruised big banks offered respite in inquiry wash-up
SYDNEY (Reuters) - After a year of bruising interrogation, Australia's oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed - but also an unexpected opportunity to rebuild.
Softbank invests Rs 2,800 cr in Indiabulls Housing Fin's associate OakNorth
Indiabulls Housing Finance Friday said Japan's Softbank is investing Rs 2,800 crore of equity capital in its associate OakNorth, a commercial bank in the UK. "With this investment, the total equity capital in the bank will be Rs 7,000 crore," Indiabulls Housing Finance said in a regulatory filing. Indiabulls Housing Finance said OakNorth is the fastest growing new bank in Europe, leveraging technology tools for fast and efficient disbursals to the small and medium-sized enterprises (SME) sector. The bank has no physical branches. "The current loan book of OakNorth is Rs 21,390 crore and the bank has no delinquencies as on date," the company added. OakNorth was seeded by Indiabulls Housing in October 2015 with Rs 650 crore to own a 40 per cent controlling stake in the bank. Last year, Indiabulls sold a part of its holding to the government of Singapore for Rs 900 crore. Shares of Indiabulls Housing Finance were trading 4.98 per cent lower at Rs 620.25 apiece on BSE.
SPARC drops after receiving demand order
Sun Pharma Advanced Research Company fell 1.21% to Rs 146.50 at 10:01 IST on BSE after the company received a demand order worth Rs 46.04 crore for payment of Service Tax.
Truesight Consulting and Marketscience predicts strong demand in India marketing analytics market; continues to invest in regional company talent
/ -- Marketing analytics firm Truesight Consulting continues to invest in India with new hire, Rajesh Kumar, Chief Client Officer, who joins the team in their Delhi office to facilitate new and existing client relationships. Truesight sees large growth potential in India's market and anticipates this ramping up in the coming years as the global community looks to India as the next big untapped potential. When asked about his joining Truesight, Mr. Kumar comments, "the current climate and environment in India are quite receptive to a company like Truesight. Unlike developed markets which have reached a certain level of maturity, Indian companies are growing exponentially." As CMO's from these growing companies start to look for optimizations and efficiencies in their marketing spends, Truesight, and their strategic partner, Marketscience, are well positioned to guide these organizations towards strategies that will provide effective ROI. Two primary factors contributing towards the ...
Canon India Demonstrates its Professional Printing Prowess at the Latest Edition of Print Pack 2019
/ -- Leading the imaging space through a 360-degree input-to-output solution, Canon India marked its presence at the Print Pack 2019 exhibition. Organized at India Expo Centre, Greater Noida, Print Pack is one of the most coveted platforms for professional printing space providing a stage for conversations and collaborations among various stakeholders across India. Inaugurated by Mr. Kazutada Kobayashi, President & CEO, Canon India Pvt. Ltd. in the presence of Mr. Puneet Datta, Senior Director, Professional Printing, the Canon stall exhibited a prolific range of their imagePRESS series of printers, TM series and ColorWave 700. Speaking on the occasion, Mr. Kazutada Kobayashi, President & CEO, Canon India Pvt. Ltd., said, "Innovation and customer delight remains integral to every offering we bring forth at Canon. Staying true to this commitment, we have been addressing diverse market expectations of the professional printing industry ever since our inception. The printing ...