Page 1245 - Business Finance
Banaras Beads standalone net profit declines 83.33% in the December 2018 quarter
Sales decline 53.26% to Rs 3.15 crore
Dolat Investments standalone net profit rises 76.70% in the December 2018 quarter
Sales rise 75.56% to Rs 29.74 crore
Triveni Glass standalone net profit rises 377.27% in the December 2018 quarter
Sales rise 16.11% to Rs 17.73 crore
Bharat Gears standalone net profit rises 68.33% in the December 2018 quarter
Sales rise 19.90% to Rs 155.27 crore
Rane (Madras) reports consolidated net loss of Rs 0.69 crore in the December 2018 quarter
Sales rise 5.62% to Rs 371.85 crore
Reliance Nippon Life Asset Management consolidated net profit declines 17.04% in the December 2018 quarter
Sales decline 12.31% to Rs 349.85 crore
Fermenta Biotech (subsidiary of DIL) leases land from GIDC for expansion and new projects
The land acquisition is a part of the FBL's long-term capacity expansion plans. The company aims to commence manufacturing by end of 2020. The existing Dahej facility is 30,689 Sq M.
Wipro rated a Leader in Digital Transformation in ITSMA Report
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Bharat Financial Inclusion completes 6th direct assignment transaction in FY2019 for Rs 832.3 cr
With this transaction, the Company has completed Direct Assignment transactions worth Rs. 4,697.21 crore in FY 19.
MEP Infrastructure Developers update on NHAI road project
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Indian Oil to invest Rs. 16,641 crore in Tamil Nadu
Indian Oil Corporation Ltd (IOC) on Wednesday said it would invest Rs. 16,641 crore in Tamil Nadu for expanding its retail outlet network, upgrading its infrastructure and laying of gas distribution pipelines.
France is world champion in social spending, study finds
France's social spending is the highest in the developed world relative to the size of its economy, an OECD study found Wednesday, as the government weighs how to respond to "yellow vest" protests. Expenditure on healthcare, pensions and other social services stood at 32 per cent of GDP last year, said the Organisation for Economic Cooperation and Development, a Paris-based inter-governmental research institution. Outlays have risen sharply since 1990, when they represented just under 25 per cent of GDP, and are nearly triple the level of roughly 12 per cent of GDP in 1960. That trend is broadly in line with other developed countries, reflecting the development of more comprehensive welfare states and higher pension spending as more people live longer. But France's outlays are well above the current average of 20.5 percent of GDP for the 36 OECD member countries, with pensions making up a large chunk of the cash benefits paid out every month. In neighbouring Germany social spending is
Russia says oil price war with U.S. would be too costly
DAVOS, Switzerland (Reuters) - Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.
Hell Energy forays into India
Hungary-based energy drink brand Hell Energy has forayed into the Indian market by launching the classic variant of its energy beverage. The company is sensing a good opportunity in the fast growing energy drink segment and expects to be among the leading players in the next three years on the back of its affordablity and wide-scale availability, a company official said. It has appointed a distributor here and would make Hell Energy available in tier I & II markets initially. It will expand to other markets later, the official added. "We aim to achieve 80 per cent distribution in each of our product markets and India is a very important market for this category," Hell Energy National Sales Director for India Unnikannan Gangadharan said. The company has priced its energy drink at Rs 45 for a 250 ml can, around Rs 10 more than the cost of a can of popular cola majors. The Indian energy drink market is estimated to be around 100 million cases annually and has almost grown four times .
Bharti Infratel quarterly profit beats estimates
(Reuters) - Indian telecom tower company Bharti Infratel Ltd reported a 10.8 percent rise in third-quarter profit on Wednesday, beating market estimates.
Railways to recruit over 4 lakh people till 2021: Goyal
The railways will employ over four lakh people by 2021, Railway Minister Piyush Goyal announced on Wednesday indicating that the recruitment under the 10 per cent quota for economically weaker sections would begin soon.
Sitharaman launches TN Aerospace and Defence Industrial Policy
Defence Minister Nirmala Sitharaman on Wednesday launched the Tamil Nadu Aerospace and Defence Industrial Policy here and invited the industry to invest in these sectors, assuring them of support by the Central government.
Uber aims to ramp up driver onboarding in India with new 'Fleet' app
Ride hailing app Uber has revamped its 'Fleet' app to now include a feature that will allow fleet owners to connect with new drivers and onboard them to their network. The Uber Fleet app has been piloted over the last few months in various Indian cities, including Delhi and is now being rolled out across the country, Uber Head of Driver Product Daniel Danker told PTI. He added that the revamped app provides an enhanced experience with greater usability and new features that will allow fleet owners to better manage their vehicles and drivers. Danker said the driver matching feature allows fleet owners to connect with drivers on the Uber platform, who don't own a vehicle. These driver-partners are onboarded after verification by Uber, and fleet owners can see some details of these candidates before deciding to connect with them. "There is an opportunity for people, who didn't approach us as they didn't own a vehicle, to now come onboard as a partner. We expect this (number) to be ...
Non-metros lead in Individual Credit Demand: BankBazaar Moneymood 2019
BankBazaar, India's leading online marketplace for financial products, launched 'BankBazaar Moneymood 2019', a report on emerging trends in the Indian personal finance sector.It extensively covers retail credit products such as personal loans, home loans, car loans, and credit cards. The report analysed the transactions of the 169 million unique users who logged on to BankBazaar's website in 2018.The report indicates that the demand for unsecured credit in non-metros outpaced that of the metros in 2018, and this trend could continue in 2019 as well. The non-metros are as aspirational, if not more, compared to the Indian metros, and they are comfortable taking a loan to fulfil these aspirations.The average personal loan ticket size in non-metros is Rs. 2.80 lakh, while it is only Rs. 2.55 lakh in metros. However, the highest personal loan ticket size of Rs. 47.23 lakh came from Bangalore, while the highest non-metro personal loan ticket size from Vapi was of Rs. 25 lakh.One of the ...
Rocking Deals partners with Spice Hotspot for product sale
Pre-owned and refurbished mobile and accessories seller Rocking deals has partnered with Spice Hotspot to sells its products through the latter's more than 100 outlets in the Delhi NCR and Kolkata. The company, which at present sells its products through over 1,000 retail touch points in the country, is also looking at operating 30 standalone stores through franchisees in the next 6 months. "This collaboration with Spice Hotspot retail is in line with Rocking Deals plan to expand offline business across the nation. We sell over 5,000 units every day and we are looking at clocking turnover of Rs 150 crore in the next fiscal," Rocking Deals Founder & CEO Yuvraj Aman Singh told reporters. At present, Rocking Deals sells certified refurbished and excess inventory products in 18 categories. The company also sells through e-commerce majors such as Amazon India/US, Snapdeal, ShopClues, Quikr, 2GUD among other e- commerce portals and sells close 5,000 units a day to end customers.