Page 2064 - Business Finance
GST Made India a Transparent and Integrated Market With Greater Ease Of Doing Business
The Vice President of India, M. Venkaiah Naidu has said that India's stability, consistency, transparency and reform agenda coupled with a safe and structured financial system makes India one of the most attractive FDI destinations. He was addressing the gathering after inaugurating the Global Expo Botswana 2018, in Gaborone, Botswana yesterday.
Mahindra & Mahindra records 14% growth in October sales
Sells 58,416 units
NCC wins four orders worth Rs 1345.78 crore in October
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Millennials like restrictions on the use of firecrackers: Survey
For millennials, the Diwali celebration is not just about partying to celebrate the festival, but also acting responsible towards the planet.
Veritas Finance raises Rs.200 cr
City-based non-banking finance company Veritas Finance on Thursday said it has raised Rs 200 crore from a group of investors.
India may impose anti-dumping duty on a chinese chemical
India may impose anti-dumping duty of up to USD 207.72 per tonne for a period of five years on a Chinese chemical used in the detergent industry to guard domestic manufacturers from cheap imports from the neighbouring country. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR), after concluding its probe, has recommended the duty on imports of 'Zeolite 4A (Detergent Grade)' imported from China. "The authority recommends imposition of anti-dumping duty for a period of five years, so as to address the injury to the domestic industry," the DGTR said in a notification. In its probe, the directorate has concluded that the dumping of this chemical has impacted the domestic industry. The duty recommended was in the range of USD 163.9 per tonne to USD 207.72 per tonne. The final call to impose the duty would be taken by the Finance Ministry. The imports increased to 31,809 tonnes during the period of investigation, which was April 2016 to June 2017 (15 ...
Brijlaxmi Leasing & Finance fixes record date for consolidation of share capital
Record date is 17 November 2018
Dialog sees double-digit growth, stable margins after Apple deal
FRANKFURT (Reuters) - Dialog Semiconductor expects revenues to grow in the mid-teens after a $600 million deal with Apple to transfer patents and programmers key to making the iPhone's main power chip.
Realme partners Reliance Digital for retail sales in India
Online-focused Chinese smartphone maker Realme on Thursday announced its entry into the offline segment as it joined hands with Reliance Digital and My Jio stores to sell its products.
Premium bike maker Cleveland Cyclewerks India to expand network
Premium motorcycle maker Cleveland Cyclewerks India plans to sell about 25,000 units per year in two/three years time and open about 30 showrooms across the country, said a top company official.
Ease of doing biz ranking: Important to reach top-25 in 3 yrs, says Kant
Niti Aayog CEO Amitabh Kant Thursday expressed hope that India can figure in top-25 nations in the World Bank Ease of Doing Business ranking in next three years. Kant said India, which has jumped 23 places to the 77th position in the 'ease of doing business' ranking released Wednesday, can reach top 50 in the ranking next year. "This is a spectacular performance (jump in rankings).. No country of this size and complexity has achieved this..Jump of 65 positions in three years..It was Prime Minister Narendra Modi's vision to reach within top 50 position in 5 years. It is very important to reach within top 25 in 3 years," Kant said on the sidelines of an event in the capital. India was ranked 100th in the World Bank's Doing Business Report last year. The ranking comes as a shot in the arm for the government which faces strong dissenting voices from opposition parties ahead of the general elections next year.
Bajaj Electricals Q2 net jumps 79.56% to Rs 34.08 cr
Consumer durables firm Bajaj Electricals Thursday posted a 79.56 per cent year-on-year jump in standalone net profit at Rs 34.08 crore for the second quarter ended September. It had reported a net profit of Rs 18.98 crore in the corresponding quarter last fiscal. Total income increased to Rs 1,604.20 crore during the quarter under review, from Rs 946.13 crore in the same quarter last fiscal, it said in a release. During the quarter, the consumer products segment of the company earned a total revenue of Rs 642.29 crore, against Rs 514.11 crore over the same quarter last year. Its engineering, procurement and construction (EPC) segment achieved a total revenue of Rs 955.90 crore, compared with Rs 421.34 crore last year. Besides, the company Thursday said it has appointed Anuj Poddar as the executive director, with immediate effect. He will be responsible for managing all the business verticals and its operations and will report to Shekhar Bajaj, the company's chairman and ..
Mahindra sales up 14 pc at 58,416 units in October
Utility vehicles major Mahindra & Mahindra (M&M) Thursday reported 14 per cent increase in its total sales at 58,416 units in October. The company had sold 51,160 units in the same month last year, M&M said in a statement. In the domestic market, sales were up by 13 per cent at 55,350 units last month as compared to 48,860 units in October 2017. Exports also increased 33 per cent at 3,066 units in October against 2,300 units in the same month last year. Sales of passenger vehicles (which includes utility vehicles, cars and vans) were at 24,066 units, up by 3 per cent, as compared to 23,453 units in the same month last year. Commercial vehicle sales were at 24,353 units in October, up by 26 per cent from 19,281 units in the year-ago period, M&M said. "For past few months, the automotive industry has been witnessing subdued retail sales for passenger vehicles segment, because of low consumer buying sentiment. Therefore, one has to remain cautious on how the festive ...
China Market climbs after latest stimulus pledge
The Communist Party's Politburo, China's top policymaking body headed by President Xi Jinping, said on Wednesday it would stimulate market dynamic and facilitate the long-term healthy development of capital markets, as the economy is under growing downward pressure. The government has rolled out a flurry of policies since a week ago to aid the tumbling market weighed down by the escalating US-China trade war and a slowing economy. The Shanghai gauge has slumped more than 20% since the beginning of this year.
Metal shares in demand
The Sensex and the Nifty were trading with small losses in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was down 10.79 points or 0.03% at 34,431.26. The Nifty 50 index was down 6.50 points or 0.06% at 10,380.10.
Meghmani Organics Ltd leads losers in 'A' group
ICRA Ltd, Vakrangee Ltd, Kwality Ltd and Exide Industries Ltd are among the other losers in the BSE's 'A' group today, 01 November 2018.
Free credit score from Paisabazaar.com now available on WhatsApp
Paisabazaar.com, India's largest online marketplace for financial products, today announced the integration of its services on WhatsApp.Paisabazaar.com is one of the first fintech companies in India to integrate its services with the WhatsApp Business solution. This will enable Paisabazaar.com to communicate and engage with millions of its customers seamlessly."As a business, it's critical to align itself with the evolving lifestyles of customers. Today, WhatsApp is an integral part of our lives, and offers a great opportunity for the financial services industry, at large, to make the whole process around the purchase of financial products like loans, credit cards, mutual funds or insurance extremely convenient for the end consumer. At Paisabazaar.com, we plan to use WhatsApp to enhance and deepen our engagement with our customers," said Naveen Kukreja, CEO and co-founder, Paisabazaar.com.Paisabazaar.com, which runs India's largest credit awareness initiative, has already launched its
Ahead of changing of guard, BT says has right plan
LONDON (Reuters) - BT's outgoing boss said the group's recovery plan was delivering after more sales of high-end smartphones and cost savings across the business helped the telecoms company achieve higher than expected first half earnings.
PM to launch MSME support programme on Friday
Prime Minister Narendra Modi will launch a MSME support programme on Friday, which among other things would aim to enhance credit access to micro, small and medium businesses. The move will give a boost to the micro, small and medium enterprises (MSME) sector and help generate employment. "Various announcements/deliverables focussed on access to credit, access to market, hand-holding & facilitation support etc to MSME Sector are likely to be announced," a finance ministry tweet said. The MSME 'Support & Outreach Program' will be attended by Finance Minister Arun Jaitley and Minister of State for MSME Giriraj Singh. The outreach programme will run for 100 days covering 100 districts throughout the country. "The Central Ministers are likely to visit these Distts for further boosting MSME Sector in terms of asking entrepreneurs to take benefit of these facilities including access to credit and market," the ministry added. The MSME sector constitutes a vast network of over 63 ...
Asian Star Company Ltd leads losers in 'B' group
Atishay Ltd, Nelcast Ltd, Loyal Equipments Ltd and Selan Explorations Technology Ltd are among the other losers in the BSE's 'B' group today, 01 November 2018.