Page 2744 - Business Finance
Japan to be 'country partner' for Make in Odisha Conclave: CM
Chief Minister Naveen Patnaik today said that Japan will be the 'country partner' for the 'Make in Odisha Conclave' in November. "We are pleased to have Japan as the country partner of the event. The partnership will provide a new impetus to the relations between Odisha and Japan, and open up varied sectors for collaboration," Patnaik said here. A state delegation will also visit Tokyo later this month to pitch for investment opportunities in Odisha across six focus sectors like food processing and seafood, chemicals, plastics and petrochemicals, ancillary and downstream industries in the metal sector and electronic manufacturing. "Japan will be the only country partner for Make In Odisha Conclave, 2018, as we consciously desired focused engagement with a country to attract manufacturing investment. Japanese investors such as Nissan and Krosaki have been operating in Odisha successfully for many years now," Industries Secretary Sanjeev Chopra said. He said the state ...
Fashion and lifestyle accounted for over 50 pc to total sales: ShopClues
E-commerce firm ShopClues has launched a new private label 'Code Yellow' as it attempts to expand its fashion and lifestyle business, a category that makes up for more than 50 per cent of its total sales. The new label -- focussing on affordable western wear and accessories -- is targeted at women in tier II, III and IV regions, ShopClues said in a statement. "Just like 'Meia' last year, Code Yellow is an initiative to make further inroads into the fashion markets of tier II, III and IV regions. These markets have seen a surge in their women buying western wear. Over 70 per cent of our buyers come from these cities," ShopClues co-founder and chief business officer Radhika Aggarwal said. She added that fashion and lifestyle is the top category in terms of revenue growth, contributing more than 50 per cent of the company's total sales. ShopClues has identified top 35 merchants in the lifestyle category, who will manufacture products at their end as per the ShopClues' standards and ...
UK competition regulator starts formal probe of Sainsbury-Asda deal
(Reuters) - Britain's competition regulator is starting a formal investigation into the proposed 7.3 billion pound ($9.31 billion) deal to combine supermarket chains Sainsbury's and Walmart's Asda.
Japan to be country partner for Make in Odisha Conclave-2018
Odisha Chief Minister Naveen Patnaik on Thursday announced that Japan will be the country partner for the Make in Odisha Conclave-2018.
Finance Commission Holds Consultation With Leading Economists
Finance Commission held its second consultation with the leading economists at YASHDA, Pune on 21st August 2018. A total of 16 eminent economists and domain experts including Vijay Kelkar attended the meet and enlightened the Commission with their views. Chairman N.K.Singh highlighted the changed economic scenario post abolition of Planning Commission which has altered the traditional system of resource allocation and consequently abolition of distinction between Plan and Non-Plan funds. Wide ranging discussions were held and issues which were discussed prominently are as below:
India Fashion Week Spring Summer 2019 to start on October 10
The Spring-Summer 2019 edition of the India Fashion Week will be held from October 10-13 at the Jawaharlal Nehru Stadium here, Fashion Design Council of India (FDCI), the country's apex fashion body, announced on Thursday.
Volkswagen to offer all-electric car-sharing from 2019
German auto giant Volkswagen said today it would launch an all-electric car-sharing service in Berlin next year, hoping to show off new models and break into a fast-growing market. Set to begin in the second quarter of 2019, the service known as "We Share" will at first offer 1,500 VW e-Golf compact cars in the capital, with a further 500 smaller e-up! vehicles to be added later. The cars will gradually be replaced as new models from VW's next-generation "I.D." range become available. We Share will join other "free floating" car-sharing services -- in which autos are left parked around the city for users to book via a mobile phone app -- already long present in Berlin and other major cities around the world. Executives at the world's biggest carmaker see growth potential of at least 15 percent per year for such offerings in Europe, and plan to expand to other large cities across Germany, Europe, the United States and Canada from 2020. But Wolfsburg-based VW faces entrenched ...
US company plans to invest in Haryana's public transport
US-based company Northern Lakes Data Corporation (NLDC) has offered to invest Rs 200 crore in Haryana to further strengthen public transport system and mobility, a government statement said on Thursday.
Orient Bell opens store in Coimbatore
Delhi-based Orient Bell Ltd, a tiles-manufacturing company, is keen to enter South in a big way as part of it plan to further strengthen presence in the region, Chief Executive Officer of the company Aditya Gupta said today. The company would launch South India-specific tiles on September 4, which would be sourced from Gujarat and cater to the taste of South India, Gupta told reporters here. With customers' preference varying from North to South and East to West, the company, which followed 'one-size fits all' concept, has now decided to market its products in each zone, he said. "The focus would largely be on retail business and vitrified tiles with emphasis on digital tile technology," Gupta said here, while opening the first company-owned showroom - Orient Bell Tiles Boutique, the second in Tamil Nadu after Chennai, said. Without giving details, he said the company would invest heavily in South. Stating that the company was planning to open 10 such showrooms across .
TVS Motor launches new 110cc bike Radeon
Two and three-wheeler maker TVS Motor Company Ltd hopes to further increase its market share in the commuter motorcycle segment with its new 110cc model 'Radeon', said a senior company official.
ECB minutes point to worries about trade war, protectionism
FRANKFURT (Reuters) - Protectionism and the threat of a global trade war are the biggest risks to the euro zone economy but growth for now remains firmly on the path seen earlier, European Central Bank policymakers concluded last month.
Bayer sees no reason to re-evaluate Monsanto legal risks
FRANKFURT (Reuters) - German drugmaker Bayer sees no reason to re-assess the legal risks from newly acquired Monsanto after the U.S. unit was ordered to pay damages in a lawsuit over alleged links between weed-killer glyphosate and cancer.
FPIs turn net buyers
Net inflow of Rs 385.58 crore on 21 August 2018
Alibaba revenue beats on strength in e-commerce, cloud businesses
BEIJING (Reuters) - Alibaba Group Holding Ltd, the world's biggest online retailer, topped first-quarter revenue estimates on Thursday, driven by growth in its core e-commerce business.
Global Markets: U.S.-China tariffs, Trump woes weigh on world stocks
LONDON (Reuters) - World stocks came under pressure on Thursday as new tariffs took effect in the U.S./China trade war and markets speculated about U.S. President Donald Trump's position following legal rulings against two former advisers.
Turnover on NSE's F&O segment surges
Nifty August futures at small premium
L&T gains 2% as board approves share buyback proposal
Shares of Larsen & Toubro (L&T) today rose by more than 2 per cent on bourses after its board approved a proposal to buy back six crore shares amounting to Rs 9,000 crore. The stock settled at Rs 1,352.50 on BSE, up 2.3 per cent from the previous close. In the intra-day trade, the stock had touched a high of Rs 1,363.90 and a low of Rs 1,320. Similar movements were witnessed on the NSE, wherein the stock closed 2.07 per cent higher at Rs 1,349.95. During the trading session, the scrip has moved up 3.12 per cent to touch a high of Rs 1,363.90 Following the upward movement in the counter, the company's market capitalisation climbed by Rs 4,289 crore to Rs 1,89,619 crore. In a filing to stock exchanges, L&T said its board has approved a proposal to buy back six crore shares at a maximum price of Rs 1,500 apiece, amounting to a total of Rs 9,000 crore. The buyback price is at 11 per cent premium to today's closing price. This is L&T's first-ever share buyback proposal. The
U.S. economy expected to slow, damaged by trade war: Reuters poll
BENGALURU (Reuters) - U.S. economic growth will slow steadily in coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists, who expect President Donald Trump's trade war to inflict damage.
CNOOC posts best half-year profit since 2015, domestic oil output drops
BEIJING (Reuters) - Chinese offshore oil and gas company CNOOC Ltd said on Thursday its profits climbed 57 percent year-on-year in the first half of 2018, boosted by higher crude prices and robust gas sales.
'Maha kharif sowing 94% complete, but only 50% loan disbursed'
Although 94 per cent kharif sowing has been completed in Maharashtra so far, crop loan for the season has been disbursed to only about 50 per cent farmers till now, an official said today. According to the official, this delay in loan disbursement was due to several factors, including that previous unpaid debts have rendered a number of farmers ineligible to get fresh loan. Earlier this week, the state government announced that of the total 140.69 lakh hectares of agricultural land, kharif sowing has been completed on 132.85 lakh hectares, which comes to around 94 per cent. The government disburses crop loan every year around May so that farmers can use the funds during the kharif season. "But despite the proposed outlay of Rs 43,000 crore, actual loan disbursed so far is around Rs 23,000 crore. It means around 50 per cent of loan disbursement for kharif season is yet to be done," a senior official from the state Cooperation Department said. These figures were revealed .