Page 1853 - Business Finance
ITC looks to expand food portfolio to boost turnover
Diversified conglomerate ITC is looking at portfolio expansion in its food division to achieve the stated vision of the company of achieving Rs 1 lakh crore turnover from FMCG. "The ambition set by our chairman and managing director of Rs 1 lakh crore by 2030 is something we are all working towards, with current categories as well as new categories that we are getting into," ITC divisional chief executive - foods division Hemant Malik told PTI. The food category, which drives the fast moving consumer durable industry, is expected to contribute around 60-65 per cent of its turnover by 2030. The revenue generated from ITC's foods business, is below Rs 9,000 crore although consumer spend is in excess of Rs 12,000 crore, with the difference due to seller discounts offered by the company. "We are looking at the dairy space. It is a huge space, and we have launched in a few markets. We will be launching dairy beverages in a couple of months. In the snack category also there .
Zensar Technologies ranks 'Leader' for Digital Services in Retail - 2018
Powered by Capital Market - Live News
OYO appoints former IndiGo airline boss as CEO
NEW DELHI (Reuters) - Indian start-up OYO, backed by Japan's SoftBank Group Corp, said on Thursday it had appointed former IndiGo airline president Aditya Ghosh as chief executive officer of its hotels business in South Asia.
Fitch keeps India's sovereign rating unchanged
Fitch Ratings Thursday kept India's sovereign rating unchanged at 'BBB-', the lowest investment grade with a stable outlook, saying risks to macroeconomic outlook are significant. In a statement, Fitch said it expects India's real GDP growth to rise to 7.8 per cent in the fiscal year ending March 31, 2019, from 6.7 per cent in FY2017-18. But for the following two financial years, it said, the growth may decelerate to 7.3 per cent due to "downside risks from tightening financial conditions, weak financial-sector balance sheets and high international oil prices". "Risks to the macroeconomic outlook are significant, and include a drop in credit growth, resulting from further problems in the banking or shadow-banking sector," it said.
Board of PDS Multinational Fashions approves change in CFO
At meeting held on 14 November 2018
Rubfila International standalone net profit declines 32.17% in the September 2018 quarter
Sales decline 1.32% to Rs 52.24 crore
Svam Software reports standalone net loss of Rs 0.78 crore in the September 2018 quarter
Sales rise 142.86% to Rs 0.17 crore
India Motor Parts & Accessories standalone net profit rises 48.02% in the September 2018 quarter
Sales rise 29.20% to Rs 122.12 crore
Luharuka Media & Infra standalone net profit rises 88.89% in the September 2018 quarter
Sales rise 2.86% to Rs 0.36 crore
Bullish Bonds & Holdings consolidated net profit rises 80.39% in the September 2018 quarter
Sales rise 10557.45% to Rs 50.09 crore
Shirpur Gold Refinery consolidated net profit rises 26.72% in the September 2018 quarter
Sales rise 32.39% to Rs 1753.76 crore
Ready, set, shop: More than a third of Americans to buy on Black Friday - poll
(Reuters) - About 38 percent of American consumers plan to shop on Black Friday this year, and six in 10 of those shoppers anticipate making at least half of their holiday purchases on that day, a Reuters/Ipsos poll showed on Thursday.
Onmobile expects over 6-folds growth in gaming business in 3 yrs
IT company Onmobile Global said Thursday it expects close to six-folds growth in its gaming business revenue to around Rs 500 crore in the next three years. "We are expecting an expansion of game business from USD 12 million (around Rs 86 crore) currently to USD 70 million (around Rs 504 crore) over three years," Onmobile Global Chief Financial Officer Ganesh Murthy said. The company last month signed agreement to acquire Sweden-based games and kids app clubs subscription services Appland AB. Appland provides premium games and kids apps as a white-labeled subscription service to more than 80 carriers in over 40 countries. "Looking at the current data trends, the gaming industry is expected to witness an annual growth in excess of 10 per cent over the next few years and a major part of this growth is expected from mobile gaming. OnMobile has made its foray in the gaming industry with the launch of ONMO Games where the users will have an access to premium and freemium games at an ...
Omaxe consolidated net profit declines 43.22% in the September 2018 quarter
Sales rise 25.74% to Rs 451.52 crore
Everest Kanto Cylinder reports consolidated net loss of Rs 5.15 crore in the September 2018 quarter
Sales rise 32.59% to Rs 172.73 crore
SSPDL reports consolidated net loss of Rs 8.92 crore in the September 2018 quarter
Sales decline 15.60% to Rs 9.09 crore
Coastal Corporation consolidated net profit rises 183.51% in the September 2018 quarter
Sales rise 8.35% to Rs 134.49 crore
Bullish Bonds & Holdings standalone net profit declines 96.08% in the September 2018 quarter
Sales decline 76.60% to Rs 0.11 crore
PNC Infratech standalone net profit rises 110.87% in the September 2018 quarter
Sales rise 108.01% to Rs 558.64 crore
Maan Aluminium standalone net profit rises 37.00% in the September 2018 quarter
Sales rise 96.38% to Rs 193.45 crore