Page 2754 - Business Finance
Book on business growth hacks launched, targets startups
A book spelling out strategies to grow new businesses, "Master Growth Hacking", was launched at the India Habitat Centre (IHC) here on Wednesday.
Being Human eyes 8-10% of sales from e-commerce in 2-3 yrs
Apparel brand Being Human, which launched its e-commerce operations early this month, is looking at 8-10 per cent of its sales to come from this medium in the next two to three years, a top company executive said. The company is planning to leverage its network of stores and warehouses across the country to dispatch online purchases, Manish Mandhana, chief executive officer, The Mandhana Retail Ventures, the global licensee of Being Human merchandise, told PTI. "So far about 1-2 per cent of our sales come from online. We are looking for more concentrated sales from our own online website and over the next two to three years, we expect it to account for about 8-10 per cent of our topline," he added. In the first phase of the launch of its e-commerce operations, the company will be fulfilling orders from eight stores, keeping an aim of engaging 50 per cent of stores for deliveries in the next phase, he said. Being Human at present has 65 stores in the country, and five in
Gold clings to one-week high ahead of Fed minutes
LONDON (Reuters) - Gold prices rose to their highest in a over week on Wednesday, as the dollar eased ahead of minutes from the U.S. Federal Reserve's August policy meeting and trade talks between Chinese and U.S. officials.
Samsung reworks strategy to bolster play in India's mid and mass phone mkt
Korean electronics major Samsung has "changed" its strategy for the mass and mid-price phones to bring in innovation across its smartphone range and not limit them to premium flagships, Samsung mobile chief DJ Koh today said. Samsung, which counts India as one of its key markets, is also betting big on 5G and Internet of Things (IoT) to drive the next phase of growth for the company that is locked in an intense battle for market leadership in the Indian smartphone market with China's Xiaomi. "In the flagship models, we are quite strong and dominant in the Indian market but in mid and mass segment, the competition is very hard...that is the reason, earlier this February, I changed the strategy," Koh told reporters here. He explained that previously, the strategy was to bring the technology of flagship models (which are also premium in terms of pricing) to mid and mass categories but now that has been "totally changed". "This October-December, we will launch new products which will be ..
Traditional system of resource allocation altered post Planning Commission: Singh
Finance Commission Chairman N.K. Singh has said that the changed economic scenario following the abolition of the Planning Commission has altered the traditional system of resource allocation and the distinction between "Plan and Non-Plan funds".
Govt sets ball rolling for stake sale in NBCC, HUDCO
The government today set the ball rolling for further selling of its stake in NBCC and HUDCO, in addition to an initial public offering (IPO) of the power sector company NEEPCO. The Department of Investment and Public Asset Management (DIPAM) in the finance ministry has invited separate bids from merchant bankers for the three issues, according to public notices. The DIPAM has proposed to sell additional 10 per cent stake each in construction major NBCC and housing finance company HUDCO, according to the notices. The government currently holds 73.75 per cent stake in NBCC and 89.81 per cent in HUDCO. The proposal is to dilute the stake through the Offer for Sale (OFS) route. The 25 per cent disinvestment in the North Eastern Electric Power Corporation (NEEPCO), a 100 per cent government owned company, is proposed through the IPO route. At current price, 10 per cent stake sale in NBCC could fetch the government around Rs 1,300 crore and Rs 1,100 crore in case of HUDCO. The DIPAM has ...
Bajaj Finserv Offers Home Loan Balance Transfer With Additional Top-up Loan of up to Rs. 50 Lakh
Providing its customers with an effective option to take care of their financial requirements, Bajaj Finance Ltd., the lending arm of Bajaj Finserv, is offering high-value top-up loans of up to Rs. 50 Lakhs on home loan balance transfer. The amount can be used by the customers for any financial requirement, as and when required.Bajaj Finserv offers home loans of up to Rs. 3.50 crores with various other benefits such as 3 EMI Holiday, Flexi Hybrid Loan and doorstep collection services. The maximum repayment tenor that can be chosen is 240 months, depending on the financial capacity of the customers.Transferring the existing high interest-bearing Home loan to low-interest Home Loans from Bajaj Finserv at 8.60% can help the customer maximize their savings during periods of financial turmoil. This will help the borrower plan finances efficiently.Applicants opting for home loan balance transfer have a chance to opt for an additional top-up value of Rs. 50 lakh at a competitive interest ...
Goldman Sachs cuts German, UK government bond yield forecasts for end of 2018
LONDON (Reuters) - Goldman Sachs has cut its forecasts for where German and British borrowing costs will end the year as part of its revision of bond yield forecasts across the G10 group of economies in the world.
India to now 'make for the world,' watch Samsung this Diwali: CEO DJ Koh
Hellbent on preparing India to "make for the world", DJ Koh, President and CEO of IT and Mobile Communications Division, Samsung Electronics, said here on Wednesday that the company is once again refreshing its mid-price segment smartphones with flagship premium features for the upcoming festive quarter.
Norway's wealth fund buys stake in Boston property
OSLO (Reuters) - Norway's sovereign wealth fund, the world's largest, has bought a 49.9 percent stake in an office and retail property in Boston, it said on Wednesday.
Goldman Sachs lowers U.S 10-year Treasury yield forecast
LONDON (Reuters) - Goldman Sachs has lowered its forecast on where U.S. 10-year Treasury yields will end the year to 3.10 pct from 3.25 pct previously.
Gold clings to 1-week high ahead of U.S. Fed minutes
LONDON (Reuters) - Gold prices steadied at their highest in a week on Wednesday, as the dollar eased ahead of minutes from the U.S. Federal Reserve's August policy meeting and trade talks between Chinese and U.S. officials.
Maha: Water stock in dams rises to 60 pc of total capacity
With the monsoon getting more active in the last seven days, the water stock in dams in Maharashtra has increased to around 60 per cent of the total storage capacity. There are 3,264 dams in Maharashtra with a total storage capacity of 1,720.09 TMC (thousand million cubic feet). With heavy rains in the last one week, the stock is at 1,119.13 TMC as of August 21, against 1,037.88 TMC on August 13, said the Water Resources Department. The water stock in dams was 53.39 per cent of the total capacity as of August 13, and it increased to 59.17 per cent by August 21, it said in a report. There was a dry spell in the first two weeks of August, but many parts of the state have reported incessant rains in the last seven days, it said. Most of the rainfall has taken place over Marathwada, North Maharashtra, South Maharashtra and Vidarbha. Mumbai and Madhya (Central) Maharashtra regions received comparatively less rainfall during this period, the report said. The dams in the ...
Themis Medicare gets EU-GMP certificate for 2 sections of Haridwar plant
Themis Medicare today said its Haridwar facility in Uttarakhand has received European Union-Good Manufacturing Practice (EU-GMP) certificate for oral and topical manufacturing sections. "With this, the company can commercialise its products in the European Union (EU) countries," Themis Medicare said in a filing to BSE. As per the European Medicines Agency, any manufacturer of medicines intended for the EU market, must comply with GMP. The certification will also give access to the company to commercialise its products from the plant in the Pharmaceutical Inspection Co-operation Scheme (PICS) markets, Themis Medicare said.
Target's second-quarter sales jump, traffic grows most in a decade
(Reuters) - Target Corp's second-quarter sales and profit beat estimates on Wednesday, helped by strong online sales and higher customer visits that grew the most in a decade, sending its shares up 6 percent in premarket trade.
REI 2018 expo to attract USD 1 bn investment in clean energy
India's clean energy sector is expected to attract additional investments worth USD 1 billion (Rs 6,987 crore) during the renewable energy expo in Greater Noida next month, an official said today. The Renewable Energy India (REI) 2018 will be organised by B2B events organiser UBM India from September 18 to 20. "We are expecting that an additional investment of USD 1 billion would come in the renewable energy space in the country due to REI 2018," said UBM India MD Yogesh Mudras here at curtain raiser press meet. Mudras informed that the response to this edition of expo is better than last year as around 50 countries are participating as compared to 40 in 2017. "Besides, the number of exhibitors has increased to 750 from 700 last year. We are expecting 35,000 visitors this time, up from 30,000 last year," he added. REI is a global platform where India's green economy community congregates to discuss industry trends, challenges and market insights including the Indian regulatory ...
Flipkart unveils Indian version of eBay for refurbished goods
Retail giant Walmart-owned leading e-tailer Flipkart on Wednesday unveiled a dedicated portal '2GUD' for refurbished goods, including mobile phones, laptops and tablets, a week after shutting its eBay India operations.
Jet Airways board to consider cost cutting measures on Aug 27
The board of crisis-hit Jet Airways will consider cost reduction initiatives and turnaround plan along with June quarter results at its meeting on August 27, according to a regulatory filing. The full service carrier, which is grappling with financial woes, has been looking at ways to reduce costs amid high oil prices and intense competition. On August 9, the airline's board of directors deferred announcement of unaudited financial results for the June quarter and the same would be taken up on August 27. In a filing to the stock exchanges today, Jet Airways said the board would also take up matters related to cost reduction initiatives on August 27. While considering the unaudited financial results for the June quarter, the board would also "take up the matters in relation to the cost reduction initiatives and turnaround plan, for which the management had earlier sought time", the filing said. The delay in announcement of financial results by the airline has already come under the ...
TVS Motor announces free service camps in Kerala
Advising its customers not to restart their two or three-wheelers whose engines was affected by flood, TVS Motor Company Ltd on Wednesday said it will be holding service camps for its customers in Kerala from August 27 to September 3, 2018.
Apple supplier AAC Tech posts first profit drop in four years on weak phone market
HONG KONG (Reuters) - AAC Technologies Holdings Inc, an acoustic components supplier to Apple Inc, said on Wednesday second-quarter net profit fell for the first time in nearly four years, hit by plateauing iPhone sales and a sluggish global smartphone market.