Page 1186 - Business Finance
Strides to exit its investment in Arrow for AUD 394 mn
As part of the proposed transaction, Strides will enter into a 10-year preferred supplier contract with the merged entity while enabling Strides to retain ongoing earnings of 40%-50% of current EBITDA at Arrow and recoup all its investments in Australia.
Strides to acquire balance 50% in JVs with Vivimed for Rs 75 crore
Strides will acquire the remaining 50% stake in the JVCs for an aggregate consideration of Rs 75 crore which retains the entry valuation of Rs 150 crore for the JVCs.
Domino's says overseas ops to slice into profit, shares dive
(Reuters) - Domino's Pizza on Tuesday warned a slowdown in overseas markets would dent its 2018 underlying pretax profit, sending shares in Britain's biggest pizza delivery firm down more than 10 percent, on course for their worst day in two years.
GoAir to start Kannur-Abu Dhabi flight services from March 1
Adding Abu Dhabi as its fourth foreign destination, GoAir on Tuesday announced that it will start flight services from Kannur to the UAE capital from March 1. "GoAir will operate four direct flight services per week between Kannur-Abu Dhabi-Kannur and bookings are now open at an attractive all-inclusive one-way fare starting from Rs 6,099," the airline said in a statement. Earlier this month, the budget carrier had announced that it would start flight services to Muscat, its third international destination, from the recently-commissioned Kannur International Airport in northern Kerala from February 28. Jeh Wadia, Managing Director, GoAir on Tuesday said, "We are tremendously excited to be launching direct flight services to Abu Dhabi. Commercial and cultural links between India and the UAE are flourishing and GoAir is committed to contribute in facilitating and enhancing the growth of trade and the strong demand for tourism." On the domestic front, GoAir currently connects Kannur to ..
Oil rises as U.S. slaps sanctions on Venezuela, but economic worries still loom
SINGAPORE (Reuters) - Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA a step that may curb the OPEC member's crude exports to the United States.
Philips shifting 'hundreds of millions' of production due to trade war
AMSTERDAM (Reuters) - The trade war between Washington and Beijing is forcing Dutch health technology company Philips to move "hundreds of millions" of euros worth of production from the United States to China, and vice versa, to avoid punitive tariffs.
Schneider Electric India Recognised by CII for Customer Centricity
/ -- Acknowledged for leveraging digital technologies to enhance customer experience Schneider Electric (SE), the leader in digital transformation of energy management and automation, has been recognised by the Confederation of Indian Industry (CII) for 'Customer Centricity' in manufacturing sector under the large business organisations' category. The company also received a special award for 'Leveraging Digital Technologies for Superior Customer Experience', under CII Awards for 'Customer Obsession'. Schneider Electric is one of the two companies to be recognised for this award in the large organisation manufacturing category. (Logo: https://mma.prnewswire.com/media/654747/Schneider_Electric_India_Logo.jpg ) Speaking about the CII acknowledgement, Mr. Anil Chaudhry, Managing Director & Zone President Schneider Electric India , said, "We are honoured to receive this award and accept it with immense gratitude. Customers are today seeking customised and unique solutions for their .
HEG Ltd leads losers in 'A' group
Graphite India Ltd, Indiabulls Housing Finance Ltd, Avanti Feeds Ltd and Dewan Housing Finance Corporation Ltd are among the other losers in the BSE's 'A' group today, 29 January 2019.
Bajaj Finance inches up after good Q3 numbers
Bajaj Finance rose 0.42% to Rs 2466.45 at 14:51 IST on BSE after consolidated net profit rose 54% to Rs 1060 crore on 48% increase in total income to Rs 4995 crore in Q3 December 2018 over Q3 December 2017.
Zee Media Corporation Ltd leads losers in 'B' group
Sathavahana Ispat Ltd, Ortin Laboratories Ltd, Vaswani Industries Ltd and Sri Adhikari Brothers Television Network Ltd are among the other losers in the BSE's 'B' group today, 29 January 2019.
Volumes soar at T.V. Today Network Ltd counter
T.V. Today Network Ltd recorded volume of 2.08 lakh shares by 14:14 IST on NSE, a 12.06 times surge over two-week average daily volume of 17266 shares
HDFC slips after Q3 results
HDFC fell 1.24% to Rs 1924.40 at 14:24 IST on BSE after net profit fell 60.12% to Rs 2113.80 crore on 19.77% increase in total income to Rs 10569.12 crore in Q3 December 2018 over Q3 December 2017.
Pennar Enviro Sets Up Pan India Dealer Network for Water Treatment Plants
/ -- Pennar Enviro Limited, one of the leading players in the field of water treatment chemicals, water & environment infrastructure turnkey solutions and fuel additives, is gearing up for the next phase of growth. As a part of increasing its geographic presence, Pennar Enviro is setting up a pan India dealer network to market, sell and service Standard Water Treatment Plants, Waste Water Treatment Plants and Performance Chemicals. Pennar Enviro, which offers turnkey solutions to industries for water treatment, sewage treatment, effluent treatment, recycling and zero liquid discharge, has already appointed 12 dealers in cities such as Hyderabad, Vijaywada, Vishakapatnam, Chennai, Coimbatore, Madurai, Baroda, Gandhidham, Ahmedabad and New Delhi. The company intends to add another 20-22 dealers in the near future. The established dealerships have already started to contribute to the top line in the form of new business as well as operation & maintenance (O&M) revenue. Mr. K
Huge Untapped Potential in the India - South Africa Partnership: Prime Minister
It was in this context that the Prime Minister called upon Industry on both sides to work proactively to strengthen bilateral economic relations. According to the Prime Minister, Indian investment in South Africa had already crossed the USD 10 billion mark and was growing further. Some sectors which he felt had great potential for Indian companies included IT and ITeS, Renewable energy, Gems and Jewelry and skill development among others.
Strides to acquire 80% stake in Canadian based Pharmapar Inc.
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Siemens Gamesa posts first-quarter sales rise, margins still under pressure
MADRID (Reuters) - Siemens Gamesa on Tuesday reported a 6 percent rise in sales for its first quarter to December 31 although its margins remained under pressure and shares in the wind turbine maker fell.
Intel to get state grant of around $1 billion for Israel expansion - finance minister
JERUSALEM (Reuters) - Intel Corp will receive a grant of about a billion dollars from the Israeli government for its planned, record-setting investment to expand its operations in the country, Israel's finance minister said on Tuesday.
Kia Motors begins trial of its SUV at plant in Andhra Pradesh
: Korean automobile-maker Kia Motors Corporation Tuesday commenced trial of its flagship SP2i sports utility vehicle (SUV) at its first plant in India. The plant is located in Anantapuramu district of Andhra Pradesh. The SP2i was first showcased at India Auto Expo in New Delhi in 2018. Andhra Pradesh Chief Minister N Chandrababu Naidu launched the trial in the presence of South Korean Ambassador to India Shin Bongkil. President of Kia Motors Corporation and chief executive officer (CEO) Han-Woo Park and managing director and CEO of Kia Motors India and Kookhyun Shim were present. The eighth largest automobile manufacturer in the world, Kia Motors is expected to roll its first car out of the Anantapuramu plant only in the second half of 2019. "Commencing trial production is a significant moment that we have been preparing for as we take on the challenges of future mobility across India," Park said. "India will play an important role in expanding Kia Motors' global ...
Kyrgyzstan, India mulling joint financing mechanisms to boost two-way investment & trade: Kyrgyz Foreign Affairs Minister
This was indicated by the visiting Kyrgyzstan Foreign Affairs Minister, Mr. Chingiz Aidarbekov, while addressing the India-Kyrgyzstan Business Forum -From Intentions to Action - Only One Step', organised by FICCI, Government of India and the Kyrgyz Ministry of Foreign Affairs.
Focus: Oil major Total plans biggest exploration drive in years
PARIS/CAPE TOWN (Reuters) - Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas.