Page 2288 - Business Finance
Voltas launches new brand store in Faridabad
The brand store features display of new range of Voltas Beko & Voltas' products, comprising of Refrigerators, Washing Machines, Microwaves, Dishwashers, Air Conditioners, Air Coolers, Commercial Refrigerators, Water Dispensers & Water Coolers.
Mahindra & Mahendra rolls out uppgraded Bolero pick-up
: Auto-maker Mahindra & Mahindrahopes to see 15 per cent growth in the sales of the Bolero pick-up this fiscal year, a senior official of the company Mahesh Kulkarni said Friday. Addressing a press conference after launching the upgraded Maha Bolero pick-up here, Kulkarni said, "We sold 1.49 lakh units of the pick-up last fiscal. From April to September this year, we sold 12,600 units." He said 50 per cent of the pick-up business come from agriculture business sector while the rest was from the service industry. Replying to a query, he said though rising diesel price was a cause of concern in terms of earning potential of the pick-up operators, some of the offers given by it may offset the negatives. He said Bolero was being exported to some of the neighbouring countriesr. The new pick-up comes with different body style, cargo box lengths and varying payload capacities of 1,300 kg, 1,500 kg and 1,700 kg, suitable for various customer segments and their needs, he ...
Sebi to auction properties of 4 companies
Sebi will auction as many as six properties of four companies, including Swar Agrotech and Life Care Infratech, next month at a reserve price totalling Rs 5 crore as the market regulator looks to recover investors' money. Properties of Servehit Housing and Infrastructure India as well as Raghav Capital and Infrastructure will also go under the hammer. The auction of these land parcels spread across Uttar Pradesh and Haryana will be conducted on November 11, Sebi said in a notice issued on Friday. Out of the six properties being put on the block, two each belong to Swar Agrotech India and Life Care Infratech; and one each of Raghav Capital and Servehit Housing. The reserve price of these properties amounts to Rs 4.74 crore. The move is part of an effort by the Securities and Exchange Board of India (Sebi) to recover money that these companies had illegally mobilised from people. Swar Agrotech, Raghav Capital, Servehit Housing had mobilised funds from the public through Collective ...
India's September total domestic passenger vehicle sales down 5.6 percent: industry body
NEW DELHI (Reuters) - India's total domestic passenger vehicle sales fell 5.6 percent to 292,658 units in September from a year ago, dragged down by rising fuel prices and interest rates, data released by auto industry body Society of Indian Automobile Manufacturers (SIAM) showed on Friday.
Who runs the (economic) world? It might soon be women
Who runs the world? It might soon be women as a crop of female economists join IMF chief Christine Lagarde in top positions at major financial bodies. As the International Monetary Fund and World Bank meet this week in Bali, Lagarde no longer cuts quite the same lone figure she once did, now flanked by growing numbers of female finance ministers and economists. The IMF has just named Gita Gopinath to replace its outgoing chief economist Maurice Obstfeld, making her the first woman to hold the post. Gopinath, 46, a well-respected economics professor at Harvard University and co-editor of the prestigious American Economic Review, is likely to bring a fresh perspective to the institution, and potentially challenge longstanding positions. While the IMF has traditionally promoted flexible exchange rates to protect against economic shocks, Gopinath's work has long advocated the opposite. Lagarde acknowledged the gap between the Fund's traditional stance and Gopinath's work, saying the ...
Most sectoral indices on BSE gain
The S&P BSE Auto index, the S&P BSE Metal index and the S&P BSE Realty were the major gainers among the sectoral indices.
SpiceJet inducts first Boeing 737 MAX aircraft
Budget airlines SpiceJet on Friday said it has inducted its first Boeing 737 MAX 8 aircraft that forms part of a $22 billion purchase deal signed with the American aircraft manufacturer.
Karnataka Bank Q2 net up 20% at Rs 112 crore on lower provisioning
Private sector Karnataka Bank has reported a rise of 20 per cent in its net profit at Rs 111.86 crore in the second quarter ended September 2018 on healthy interest income and lower provision for bad assets. The bank had reported a net profit of Rs 93.38 crore in the corresponding July-September quarter of 2017-18. Total income of the bank increased to Rs 1,653.81 crore in the second quarter of 2018-19, from Rs 1,565.75 crore in the same period of the preceding fiscal, the bank said in a regulatory filing. Bank's earnings from interest moved up to Rs 1,452.61 crore during the September quarter as against Rs 1,317.93 crore in the year-ago period. The provisioning for bad loans and contingencies for the quarter came down to Rs 193.22 crore as against Rs 225.98 crore. On asset quality, the net non-performing assets (NPAs) came down to 3 per cent of the net advances by the end of September 30, 2018, as against 3.04 per cent in the same period a year earlier. In value terms, net NPAs stood
Kwality Ltd leads losers in 'A' group
Great Eastern Shipping Company Ltd, Rajesh Exports Ltd, Alembic Pharmaceuticals Ltd and Tata Consultancy Services Ltd are among the other losers in the BSE's 'A' group today, 12 October 2018.
Social Media Focus, Product Innovation And Customer Insights are the Key Marketing Strategies - Verdure's MD
/ -- Co-founder and Managing Director, Aman Jain, talks about how their brand Verdure is creating a buzz across the Indian markets through successful social media marketing campaigns, latest product offerings, and comprehensive understanding of end user's expectations. In the past year, Verdure has been able to carve a niche for itself as a spa consultancy and a customized solutions provider for domestic and commercial spa applications. While the brand's agile approach to marketing is the major reason behind its strong growth trajectory and a commanding social media presence, Verdure's success can also be dedicated to their commitment to introduce new technologies to mass market at affordable prices. Therefore, it is no surprise that in a short span of time, Verdure has customers such as JW Marriott, Taj, Hyatt, and Wave Infratech. According to the Wellness Manufacturers Founder, Aman Jain, the execution of their successful social media campaign, stemmed from the brand's clear purpose
Fujitsu General acquires majority stake in ABS Aircon
Japan's leading air-conditioning manufacturer Fujitsu General has acquired majority stake in city-based HVAC contracting company ABS Aircon Engineers to further expand commercial air-conditioning contracting and engineering services in India, ABS said Friday. ABS Aircon Engineers said Fujitsu General and ABS hope to expand HVAC (Heating and Air Conditioning) contracting services across India and abroad in the future, as well as to form a platform to sell more Fujitsu products such as VRF in India. Through this tie-up, Fujitsu General intends to strengthen the HVAC services corresponding to the commercial air conditioner market in India, the company said in a statement. ABS can leverage the air-conditioning technologies, financial strength and sales network of Fujitsu aiming towards expansion of mutual business, it added. According to Fujitsu, both companies would continue discussions for the expansion of services in fast-growing Indian and other markets, even as ABS ...
Danske Bank has started to close parts of Estonia business - spokesman
COPENHAGEN (Reuters) - Danske Bank is in the process of closing down its local customer business in Estonia, which has been at the centre of an investigation into alleged money laundering, a spokesman for the bank told Reuters on Friday.
Karnataka Bank standalone net profit rises 19.79% in the September 2018 quarter
Total Operating Income rise 10.22% to Rs 1452.61 crore
Arihant Foundations & Housing Ltd leads losers in 'B' group
Kaushalya Infrastructure Development Corpn Ltd, BLB Ltd, Cubex Tubings Ltd and Energy Development Company Ltd are among the other losers in the BSE's 'B' group today, 12 October 2018.
Euro zone industrial output rebounds more than forecast in Aug
BRUSSELS (Reuters) - Production at factories in the euro zone increased in August by more than forecast, reversing the negative trend of the previous two months in what could prove a boost for the bloc's economic growth in the third quarter, data released on Friday showed.
ECB feels vindicated but risks gaining prominence: Draghi
NUSA DUA, Indonesia (Reuters) - The euro zone's continuing expansion has vindicated European Central Bank policy but risks to the outlook, from trade protectionism to the threat of a hard Brexit, are on the rise, ECB President Mario Draghi said on Friday.
Volumes spurt at NESCO Ltd counter
NESCO Ltd registered volume of 3.38 lakh shares by 14:14 IST on NSE, a 16.55 fold spurt over two-week average daily volume of 20445 shares
China vehicle sales post biggest drop in nearly 7 years as slowdown bites
BEIJING (Reuters) - China's vehicle sales slid 11.6 percent in September in their worst monthly drop in nearly seven years, as slowing economic growth and a deepening Sino-U.S. trade war took their toll on the world's largest auto market.
Festive essentials selling fast at Snapdeal's mega Diwali sale
The Mega Diwali Sale by Snapdeal, India's leading e-commerce marketplace is attracting value-savvy buyers by the millions.During the first two days of the sale, Snapdeal sold a wide selection of popular electronic items like multi grooming kits, headphones, home security systems, speakers, mixer grinders and pen drives. Men's fashion like slippers, men's watches, and perfumes were also well received due to a steep discount on these products. Travel Gift-cards, sunglasses, LED lights, gift cards, refurbished phones also had takers from all parts of the country.According to Snapdeal spokesperson, "In the first two days of our sale, the shipped volumes have more than doubled and continues to grow. The Mega Diwali sale selection is built around products, which are traditionally a part of annual Diwali shopping by families across the country. We are delighted to see buyers loving the selection."On the third day of its sale, Snapdeal has great offers the on women's ethnic and fusion ...
Atishay standalone net profit rises 67.74% in the September 2018 quarter
Sales rise 36.93% to Rs 7.75 crore