Page 1740 - Business Finance
Gemstone Investments standalone net profit rises 8.33% in the September 2018 quarter
Sales rise 23.40% to Rs 0.58 crore
Panache Digilife consolidated net profit declines 44.00% in the September 2018 quarter
Sales rise 13.53% to Rs 9.06 crore
Dhabriya Polywood consolidated net profit declines 22.28% in the September 2018 quarter
Sales decline 9.06% to Rs 30.41 crore
52 Weeks Entertainment consolidated net profit declines 49.65% in the September 2018 quarter
Sales rise 24.00% to Rs 29.19 crore
Ajcon Global Services consolidated net profit rises 28.57% in the September 2018 quarter
Sales decline 2.03% to Rs 1.93 crore
IEC Education reports consolidated net loss of Rs 0.24 crore in the September 2018 quarter
Reported sales nil
Triton Corp. reports consolidated net loss of Rs 0.06 crore in the September 2018 quarter
Reported sales nil
Parnax Lab consolidated net profit rises 42.61% in the September 2018 quarter
Sales rise 18.70% to Rs 42.27 crore
AXISCADES sets up digital centre of excellence in Pune
Tech firm AXISCADES Friday said it has set up its first Digital-Centre of Excellence (DCoE) in Pune that will showcase some of its solutions in the new-age technology areas like Industrial Internet of Things (IIoT), augmented reality and artificial intelligence. The DCoE will house some of the key technology stacks that the company has been investing on, including IIoT, AR, AI/Machine Learning, Product Lifecycle Management (PLM) and Manufacturing Execution Systems (MES), a statement said. The company, however, did not disclose the investment details. "The centre will focus on building cutting-edge applications for shop floor digitisation and intend to bring business value to their customers through their strategic alliances with companies like Altizon, Siemens Mindsphere, and Dassault Systemes," it added. The centre will also focus on bringing new offerings to its expanding customer base in Pune and usher in localised efficiencies in its operations, the statement said. "With our ...
Analysis: Dearth of Italian bond deals flashes long-term debt danger
Dearth of Italian bond deals flashes long-term debt danger
More Than 6,000 Green Building Professionals Gathered for Greenbuild India 2018
/ -- Sets the benchmark for a powerful global movement to ensure a sustainable future for everyone The U.S. Green Building Council (USGBC) concluded its second Greenbuild India conference & expo, which focused on the intersection of humanity and the built environment. The two-day conference featured the latest technological innovations, new products, 18 education tracks and was attended by more than 6,000 green building industry professionals. Greenbuild India is presented by USGBC and ABEC Exhibitions & Conferences Pvt. Ltd. The inspiring keynote speakers this year were Rick Fedrizzi, Chairman and CEO of the International WELL Building Institute (IWBI) and Elora Hardy, Founder and Creative Director at Ibuku. 'Human x Nature' was the core theme and represented how the green building movement embraces all of humanity by making sustainable buildings and environments accessible to everyone, and in doing so, benefits the natural environment. Gopalakrishnan Padmanabhan, Managing ..
SpiceJet launches flight service from Delhi to Hong Kong
Budget carrier SpiceJet Friday launched a daily direct flight service to Hong Kong from New Delhi, seeking to tap the growing business and leisure travel demand, besides eyeing the Indian students community there. Following the introduction of the new service, SpiceJet offers over 2,500 seats per week on the Delhi-Hong Kong-Delhi route, which will be serviced by the latest 189-seater Boeing 737 Max plane, the airline said in a release. With this, SpiceJet has become the only domestic budget carrier operating a direct flight on the route, it added. "We are delighted to launch our direct flight on the Delhi-Hong Kong route. We see tremendous potential in this sector. We have already witnessed a huge demand on this sector and foresee that this will only grow in the coming days," said Shilpa Bhatia, chief sales and revenue officer, SpiceJet. Besides Hong Kong, the Gurugram-based airline also flies to Colombo, Dubai, Dhaka, Kabul, Male and Muscat. Passengers flying to Delhi ..
Oil India Ltd to buy back 4.45 pc shares for Rs 1,085 cr
State-owned Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government's push to cash-rich PSUs to part with their surplus either by paying higher dividends or through share buybacks so as to help meet revenue targets. In a regulatory filing, OIL said its board has approved buyback of shares at an aggregate of no more than 10 per cent of the fully paid-up equity share capital and free reserves of the company. The board approved "the buyback by the company of its fully paid-up equity shares of Rs 10 each not exceeding 5.05 crore equity shares (representing about 4.45 per cent of the total number of equity shares in the paid-up share capital of the company) at a price of Rs 215 per equity share payable in cash for an aggregate consideration not exceeding Rs 1085.72 crore," it said. The nation's second large oil explorer had a little less than Rs 20,000 crore of reserves. OIL shares closed at Rs 218.78 on the BSE on Thursday. Friday ...
Topline Consulting Group launches its Annual Biz Challenge at MICANVAS 2018
Topline Consulting, a China based strategic communications firm which opened their first international operation in Gurgaon and subsequently in the short span of four months opened offices in Mumbai and Bangalore, launched their flagship case competition - Annual Biz Challenge 2018 in association with MICA's annual marketing festival - MICANVAS.Mr. Michael Song, Chairman and Founder of Topline Consulting Group said, "Topline is a young company which is for the youth, by the youth, of the youth. It believes that the youth have immense untapped potential, which needs to be channelled in the right direction." Mr. Song also added that it was for strategic reasons that they selected a global brand for their first case study competition as the brand had recently entered India in a major way. The jury in the competition specifically looked for the nuances attached to the brand as perceived by young people in India.The Annual Biz Challenge 2018 went live on the Dare2Compete platform, which ...
Continental adds two new assembly lines at Gurgaon plant
Technology firm Continental has added two new production lines at its Gurgaon plant to assemble anti-lock braking system (ABS) and electronic stability control (ESC), a company statement said. This capacity increase is to address the market requirements stemming from government legislations for ABS entry in April 2019 for passenger cars and two-wheelers, Continental said. The company said it has been steadily investing in India to localise ABS/ESC. In 2016, it set up a line for ABS assembly, in addition to ESC systems, in Gurgaon, followed by a new line in its Bangaluru plant this year for production and assembly of electronic control units (ECU) for two-wheeler and passenger car ABS and ESC. We at Continental continue to drive safety technology toward our vision of zero accidents and therefore support making safety available to everyone, Continental India Head Prashanth Doreswamy said. Continental employs over 8,000 people across 15 locations in India. It has eight plants that cater .
EU steps up preparations for euro clearing in 'no deal' Brexit
LONDON (Reuters) - European Union regulators began on Friday to implement plans to ensure that trillions of euros in cross-border derivatives transactions would not be disrupted in the event of a "no deal" Brexit.
Indian exporters anxious over Brexit slugfest
Engineering Exporters Promotion Council of India (EEPC India) on Friday said Brexit-related issues and uncertainties resurfacing in the European Union (EU) and the UK are creating anxieties for exporters as EU accounts for the largest market for Indian exports.
Incosi Fashions exercises on Millennials' craze for trendy accessories
Pune-based fast fashion start-up Incosi Fashions is making the most of a rapidly growing Indian retail market with its innovative and designer products which perfectly matches the craze and personalities of the millennial.The start-up was founded by Shubham Khare in 2017 and within a very short span of time Incosi Fashions has carved a niche in the fast fashion segment with its two trendy brands.Cross loop, India's first and only designer earphones focuses upon designer audio whereas Ralph Pierre (Watch) has its focus on the wearable category. The scope in these categories is immense and the company, as a start-up, has caught the imagination of millennials across the country."Fast fashion accessories are increasingly being used by the youth. We expect to have at least 100,000 customers for our brand in the next three quarters," said Shubham Khare, co-founder and CEO, Incosi Fashions.Incosi has its design curation center in Pune and the USP of brands success is innovation. In-depth ...
Euro zone business activity in the slow lane as exports brake
LONDON (Reuters) - Euro zone business growth has been much weaker than expected this month as a slowing global economy and a United States-led trade war have led to a sharp fall in exports, a survey showed on Friday.
Online surge, long lines mark start of Thanksgiving sales
NEW YORK (Reuters) - U.S. shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a solid start to the holiday selling season.