Page 1252 - Business Finance
JLL India Launches Residential Brokerage Business to tap Into India's Growing Housing Sector
/ -- JLL, India's leading real estate professional services firm, today announced the launch of its Residential Brokerage Business that will offer a bouquet of technology-enabled advisory and transaction services to home buyers and developers. Significantly boosting and complementing the Firm's extensive real estate capabilities, this bespoke business will be led by industry veteran Siva Krishnan who brings over 2 decades of experience and has successfully advised and managed a variety of residential real estate investments in India. With the estimated revenue for FY 2018-19 expected to be around INR 4,000 crore, JLL has been growing exponentially in India for the past 20 years. (Logo: https://mma.prnewswire.com/media/678101/JLL_Logo.jpg ) To meet the company's ambitious plans to scale up JLL's Residential Brokerage Business, JLL India plans to ramp up the team rapidly to around 100 highly-trained professionals across Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad, Kolkata and ...
Tata Motors launches Harrier SUV;price starts at Rs 12.69 lakh
Home-grown auto major Tata Motors Wednesday launched its most-awaited premium mid-size sports utility vehicle (SUV) in diesel, Tata Harrier in the domestic market at starting price of Rs 12.69 lakh (ex-showroom Mumbai). Built around Tata's Impact Design 2.0 at the company's new manufacturing line at the Pune facility, the five-seater SUVhas a lot of the design features from the concept car, H5X that was showcased at the 2018 Auto Expo. "With this product, Tata Motors has rightfully enteredthe premium mid-size SUV segment. The Harrier is a strong proof point of our turnaround 2.0 strategy, and it will be a game changer in the market," Tata Motorschief executive and managing director Guenter Butschek said. The new vehicle from the Tatas will compete with the likesof Jeep Compass, Hyundai Creta, Hyundai Tucson and the Mahindra XUV500. "The all-new Harrier is our most premium offering yet and will attract aspiring buyers. Built on the Omega architecture, which is derived ...
Qlik acquires CrunchBot to help users enhance data management
Data analytics and business intelligence platform Qlik on Wednesday announced it has acquired Artificial Intelligence (AI)-powered bot platform CrunchBot, along with its team of professionals, for an undisclosed sum.
TV18 Broadcast Ltd spurts 2.63%, rises for third straight session
TV18 Broadcast Ltd is quoting at Rs 35.15, up 2.63% on the day as on 12:49 IST on the NSE. The stock is down 41.61% in last one year as compared to a 1.42% fall in NIFTY and a 32.52% fall in the Nifty Media index.
Oracle Financial Services Software Ltd up for third straight session
Oracle Financial Services Software Ltd is quoting at Rs 3785.75, up 2.74% on the day as on 12:49 IST on the NSE. The stock is down 11.7% in last one year as compared to a 1.42% slide in NIFTY and a 12.93% slide in the Nifty IT index.
Hindustan Unilever Ltd rises for third straight session
Hindustan Unilever Ltd is quoting at Rs 1772.8, up 1.29% on the day as on 12:49 IST on the NSE. The stock is up 29.79% in last one year as compared to a 1.42% slide in NIFTY and a 10.19% slide in the Nifty FMCG index.
Tech Mahindra Ltd soars 1.16%, rises for fifth straight session
Tech Mahindra Ltd is quoting at Rs 722.5, up 1.16% on the day as on 12:44 IST on the NSE. The stock is up 19.79% in last one year as compared to a 1.39% drop in NIFTY and a 12.89% drop in the Nifty IT.
Pakistan signs $3 bn bailout package with UAE
Pakistan and the United Arab Emirates have signed a USD 3 billion bailout package to support the cash-strapped country even as its Prime Minister Imran Khan sought financial assistance from Qatar, media reports said.According to the bailout agreement, signed in a ceremony in Abu Dhabi on Tuesday, the UAE will deposit USD 3 billion in the State Bank of Pakistan to support the country's financial and monetary policy, Geo News reported.The amount will be paid to Pakistan in three installments."UAE has formalized $3 billion deposit in the State Bank of Pakistan. DG ADFD & the Governor SBP inked the agreement at #ADFD Headquarters in Abu Dhabi," Foreign Office spokesman Mohammad Faisal tweeted.The UAE had announced its intention to inject USD 3 billion cash into Pakistan via the Abu Dhabi Fund for Development in December last year, a month after Khan undertook his second trip to the country since assuming office, Geo reported.The two countries earlier in January were said to have ...
Gold steady as global growth, trade worries lift safe-haven appeal
(Reuters) - Gold prices stood firm on Wednesday, after gaining the most since Jan. 9 the day before, on higher demand for safe-haven assets over concerns of slowing global economy and uncertainties about the U.S.-China trade row.
Sensex, Nifty trade with small gains
Key equity indices were trading with minor gains in early afternoon trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was up 28.24 points or 0.08% at 36,472.88. The Nifty 50 index was up 15.30 points or 0.14% at 10,938.05. The recovery was supported by gains in ICICI Bank, ITC and Hindustan Unilever.
Maruti Suzuki India launches 3rd generation WagonR
Maruti Suzuki and its partners have invested approx. Rs 670 crore for development of Big New WagonR.
Sale time! Less profits, but more clients for designers
That "Up to 80 per cent off" hoarding always pulls in more clients for Indian designers who do not necessarily make much money out of the sale season but are satisfied they have attracted new clientele and cleared excess stock from previous collections.
Landmark Property Development Company Ltd leads gainers in 'B' group
Manaksia Coated Metals & Industries Ltd, Archies Ltd, GSS Infotech Ltd and Dhunseri Investments Ltd are among the other gainers in the BSE's 'B' group today, 23 January 2019.
IL&FS Transportation Networks Ltd leads gainers in 'A' group
Kwality Ltd, Bombay Burmah Trading Corporation Ltd, Mahindra CIE Automotive Ltd and Adani Transmission Ltd are among the other gainers in the BSE's 'A' group today, 23 January 2019.
Denave Launches DenTrack - an end-to-end Trade Marketing Tool
/ -- Denave, a global sales tech organization focused on driving revenue growth for its customers, recently unveiled its proprietary Sales Process Automation tool for trade marketing activities - DenTrack. Designed primarily to address business challenges encountered while planning and executing Trade promotional activities, DenTrack is an end-to-end integrated solution offering complete visibility to all stakeholders on sales, funds, coverage and brand advocacy of channel ecosystem. DenTrack, available in both web and mobile interfaces, provides real-time market and competition stand that help define marketing strategy via 360-degree information capture mechanism and in-depth analysis. It is a holistic workforce process automation tool fully integrated with relevant HR systems facilitating real-time field force tracking. It is aimed at driving last mile visibility of trade marketing activities and its impact on sales. Commenting on the product launch, Mr. Prashant Rohatgi, Global ...
Pine Labs Now has a New logo
/ -- Pine Labs has adopted a new logo. The green and black logo replaces the orange and blue logo the company used since 1998. The logo has a bright green double arrow symbol pointed northeast, and denotes growth, prosperity and optimism. (Logo: https://mma.prnewswire.com/media/812226/Pine_Labs_Logo.jpg ) Pine Labs Chief Executive Officer, Vicky Bindra, said, "This is an exciting time for us, at Pine Labs." "We grew and evolved over the years, keeping pace with the changing needs of our merchants. As we strengthen our merchant platform and aim for greater merchant prosperity, it is time to change our logo. The new branding is representative of our and our community's aspirations," Bindra explained. Pine Labs has a robust cloud technology-based merchant platform that helps merchants sell more, grow their business and reduce cost and complexity. Built and improved in-house over many years, the platform enables all forms of point-of-sale transaction in offline stores including debit and
MyFlowerTree Targets 100 Cr Revenue in the Next 3 Years
/ -- The brand plans to achieve this through a smart combination of customer-centric initiatives MyFlowerTree, a leading online gifting store that offers cakes, flowers and assorted gifts, has recently announced that the company is targeting revenue in the region of 100 Cr in the coming three years. With a strong online presence in the e-commerce industry, and with retail outlets spread across various parts of the country, MyFlowerTree has announced plans that are already underway, to launch 100+ new outlets, all in an endeavour to expand its footprint pan-India. Innovate to stay relevant in the e-commerce space According to the Economic Survey 2017-18, India's e-commerce market has been estimated at a worth of USD 33 billion, and is also showcasing a growth rate of about 17 per cent for the financial year 2018-19. As the customer's trust in online retailing and e-commerce increases, more and more domestic as well as international players are entering the market with an aim to ...
China says will step up fiscal spending this year to support economy
BEIJING (Reuters) - China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday.
CBDT using data analytics to identify people not filing tax returns
The Central Board of Direct Taxes (CBDT) is identifying people through a non-filers monitoring system by using data analytics and has asked them to assess their tax liability for the assessment year 2018-19, file income tax returns or submit an online response within 21 days.The non-filers monitoring system aims to identify and monitor persons who enter into high-value transactions and have potential tax liabilities but have still not filed their tax returns. An analysis was carried out to identify non-filers about whom specific information was available in the database of the Income Tax Department.The sources of information include statements of financial transactions, tax deduction at source, tax collection at source, information about foreign remittances, exports and imports data.A government statement said data analysis has identified several potential non-filers who carried out high-value transactions in the financial year 2017-18 but have still not filed income tax returns for ..
Carlos Ghosn likely to resign as Renault chairman
Sacked Nissan chief Carlos Ghosn is likely to step down from his position as the Chief Executive Officer (CEO) and chairman of Renault, NHK sources said on Wednesday.Ghosn has been in detention in Tokyo for two months on charges of financial misconduct. Since he was arrested on November 19 last year, the 64-year-old Brazilian-Lebanese businessman has been fired as chairman of both Nissan and Mitsubishi Motors.However, Ghosn is still the chairman and CEO of Renault. He was also in charge of the Renault-Nissan-Mitsubishi Alliance, the automotive collaboration of France's Groupe Renault, Japan's Nissan Motors and Mitsubishi Motors.The development comes as Renault is set to hold a board meeting on Thursday to select a new chief to replace Ghosn.France, who is Renault's largest stakeholder, has insisted that a new chief should come on board to ensure stability.A Tokyo court on Tuesday rejected another bail request filed by Ghosn, despite assuring prosecutors that he would wear a monitoring