Page 2070 - Business Finance
Livspace Wins Red Herring Top 100 Global 2018 Award
/ -- The only Indian company to be recognized in the Internet/Online sector Livspace's second global recognition, after being listed as the one the world's most innovative companies in 2017 by Fast Company Livspace, India's largest home interior and renovation platform, has been announced as one of the winners of the prestigious Red Herring Top 100 Global 2018 award and is featured among some of the top companies in USA, China, India and Southeast Asia. Livspace has been recognized for its contribution in the Internet/Online (ISP, B2B and B2C) sector. (Logo: https://mma.prnewswire.com/media/746642/Livspace_Logo.jpg ) Red Herring Global is the culmination of a year's work of scouring the globe and reviewing thousands of privately held companies from around the world. The companies were evaluated based on quantitative and qualitative criteria which included financial performance, technology innovation, management quality, strategy, and market penetration. This is the second global ...
Indian gold demand rises 10 pc in Sep qtr; festive outlook muted
Indian gold demand during the September quarter registered a 10 per cent rise to 183.2 tonne from a year earlier, as prices fell significantly resulting in bargain buying, the World Gold Council (WGC) said in a report Thursday. Going forward, however, the seasonal spike in gold demand could be moderate this Dhanteras-Diwali, owing to factors like a lack of liquidity and rising prices. According to WGC's 'Q3 Gold Demand Trends' report, in value terms, the country's September quarter gold demand went up by 14 per cent to Rs 50,090 crore, compared to Rs 43,800 crore. "A dip in the gold price in the early part of the quarter to around Rs 29,000 per 10 grams (with taxes) its lowest level since January 2018 - spurred demand," WGC Managing Director, India, Somasundaram PR told PTI here. The rupee's depriciation however, impacted the local price which surged sharply to around Rs 32,000-33,000 per 10 grams (without taxes) and demand eased towards the later half of the quarter. "A combination .
Tala Announces Strategic Investment From PayPal to Expand Global Reach
/ -- Tala, the leading consumer lending app in emerging markets, announced today a strategic investment from PayPal. The two companies share a commitment to building financial health, enabling all people to gain access to the digital economy. PayPal's investment will help Tala bring visibility and access to underserved populations in emerging markets across the globe. More than two-thirds of the world's adult population has no formal credit bureau record, making it difficult for traditional financial services to understand and reach these consumers. Tala's app, which can be accessed by anyone with an Android smartphone in Tala's markets, analyzes device and behavioral data to instantly underwrite these consumers and create a personalized loan offer. Tala disburses loans between $10 and $500 USD to a mobile wallet or via payment method of the customer's choosing. More than 85% of Tala's customers receive credit in less than 10 minutes. "At PayPal, we believe that everyone should have ..
Almost 94% mobile handsets sold in India country made: Report
Domestic manufacturing of mobile phones saw a significant increase in the third quarter of 2018, with almost 94 per cent of the handsets being made in the country, a new report from CyberMedia Research (CMR) has said.
KEI Industries Ltd leads gainers in 'A' group
Kalpataru Power Transmission Ltd, Manappuram Finance Ltd, Yes Bank Ltd and Graphite India Ltd are among the other gainers in the BSE's 'A' group today, 01 November 2018.
Trade war impact deepens across Asia, but 'real economic shock' yet to hit
HONG KONG(Reuters) - The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia, but analysts warned the worst was yet to come.
Apple held talks to take stake in iHeartMedia: FT
(Reuters) - Apple Inc has held talks with iHeartMedia Inc to take a stake in the U.S. radio company, the Financial Times reported https://on.ft.com/2RptuX6 on Thursday, citing people familiar with the matter.
Tata Motors advances after declaring Q2 earnings
Tata Motors rose 2.32% at Rs 182.80 at 11:30 IST on BSE after the company announced its Q2 September 2018 result after market hours yesterday, 31 October 2018.
India Jumps 23 Positions To 77 Rank in World Bank's Doing Business Report
The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle. The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of an economy to the global best practice. This year, India's DTF score improved to 67.23 from 60.76 in the previous year.
Focus: Japanese carmakers' weapon of choice in Trump trade war - Flexible factories
SMYRNA, Tenn. (Reuters) - At points along the assembly line at Nissan Motor Co Ltd's largest U.S. factory, workers wheel trolleys past shelves selecting parts wherever they see a green or blue light.
Insight: Testy talks, tangled taxes - Amazon's slow push into Brazil's retail jungle
SAO PAULO (Reuters) - Amazon.com Inc is struggling to ramp up its operations in Brazil, a promising market that so far has proven difficult for the world's largest online retailer to crack, according to nearly twenty people with knowledge of the situation.
Nifty, Sensex start Nov on a mellow note; firm rupee hits IT
(Reuters) - Indian shares were largely flat on Thursday in lacklustre trade, but a firmer rupee weighed down on IT stocks.
Finding well-located hotels in India challenging for frequent travellers: Survey
A majority of frequent travellers in a survey indicated that finding a strategically-located mid-market hotel in India is the biggest challenge.
Sensex, Nifty slip into the red
Key barometers reversed trend and slipped into negative terrain in mid-morning trade. At 11:20 IST, the barometer index, the S&P BSE Sensex, was down 36.87 points or 0.11% at 34,405.18. The Nifty 50 index was down 17.90 points or 0.17% at 10,368.70.
Indian October manufacturing activity grows at quickest pace in four months on strong orders
(Reuters) - Indian manufacturers defied expectations for a slowdown and expanded activity at the fastest pace in four months in October, boosted by increasing new orders, a private survey showed on Thursday.
Future Lifestyle Fashions standalone net profit rises 9.19% in the September 2018 quarter
Sales rise 19.64% to Rs 1222.37 crore
Cantabil Retail India standalone net profit rises 83.05% in the September 2018 quarter
Sales rise 58.14% to Rs 64.41 crore
Bengal & Assam Company standalone net profit declines 6.65% in the September 2018 quarter
Sales decline 7.71% to Rs 25.25 crore
Jagran Prakashan standalone net profit declines 44.83% in the September 2018 quarter
Sales decline 2.76% to Rs 451.71 crore
Raunaq EPC International reports standalone net loss of Rs 1.24 crore in the September 2018 quarter
Sales rise 85.04% to Rs 11.75 crore