Page 2777 - Business Finance
Hilton India strengthens its senior leadership team
Hilton India on Monday announced the appointment of Mallika Rao Bedi, as Regional Director, Human Resources Hilton India and Neelanjona Gupta as Regional Director of Sales, Hilton India.Mallika Rao Bedi, who brings with her a vast experience of over 22 years, worked with the Oberoi and Trident in Gurgaon.She has been extensively involved in hotel operations and garnered experience in recruiting, selection, talent management, employee on boarding, training and development, employee relations and process improvement in line with business requirements resulting in minimum attrition rate.At Hilton, her key areas of focus will be to work with the India team to drive best practices as well as reinforce Hilton as amongst the best places to work.Neelanjona joined Hilton from Hyatt where she was most recently Director India Sales Organization, prior to this Neelanjona held roles at the Oberoi group and Leela Palaces Hotels & Resorts.She has also held a position of Director Sales - The ...
Greece ends bailout odyssey but Athens in no festive mood
ATHENS (Reuters) - European institutions hailed Greece's exit from its final bailout on Monday, expecting the debt-burdened euro zone member to stand on its own feet after nine years of financial nursing but the mood in Athens was subdued as many problems remain.
Techstars accelerator to invest $120,000 each in 10 Indian start-ups
Global entrepreneurial mentoring network Techstars on Monday announced to open its first mentorship-driven accelerator in Bengaluru to nurture Indian start-ups in the emerging technologies.
Exclusive: Germany to trump Japan again with world's largest current account surplus - Ifo
BERLIN (Reuters) - Germany's current account surplus is set to remain the world's largest this year despite increased trade tensions, the Ifo institute said on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel's fiscal policies.
Govt needs to make legislative amendments to strengthen credit
The Reserve Bank of India (RBI) wants to strengthen the credit bureaus, but to do that the government has to make some legislative amendments, a top central bank official said today. Delivering the key note address at the national banking summit organised by IBA and Ficci, RBI deputy governor NS Vishwanathan said there is a need to strengthen the credit bureaus but to do that some legislative amendments are needed. "We have several measures in that direction (strengthening credit bureaus). Some of these are in terms of expanding the database....database that credit bureaus require, certain legal amendments and that is a work in progress," he said without elaborating on the same. It can be noted that telecom companies and power utilities have been demanding that their customers' payment history be shared with credit bureaus saying the definition of default has to be extended beyond the domain of pure financial sector alone.
Global Markets: Shares climb on hopes for U.S.-China trade talks, Turkish lira falls
(Corrects date of talks reported by the Wall Street Journal in paragraph 4, to Aug 22 and 23 (from Aug 21 and 22)
Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources
BEIJING/SINGAPORE (Reuters) - Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.
Corrected: Shares climb on hopes for U.S.-China trade talks, Turkish lira falls
(Corrects date of talks reported by the Wall Street Journal in paragraph 4, to Aug 22 and 23 (from Aug 21 and 22)
Assocham opens N.America office to boost trade ties with US
The Associated Chambers of Commerce and Industry of India (Assocham) on Monday said it has opened a North America representative office with a view to strengthening Indian industry's presence in the US.
Tanla Solutions acquires Karix Mobile for Rs 340 cr
Tanla Solutions today said it will acquire Karix Mobile and its wholly owned subsidiary Unicel from GSO Capital Partners at an enterprise value of Rs 340 crore. A Blackstone Company, GSO will receive a cash payment of Rs 112 crore that will be funded from Tanla's internal accruals. Tanla Solutions said in a statement that GSO will be issued Rs 125 crore worth of its stock at Rs 56.79 per equity share and the balance Rs 103 crore will be taken over as debt. Established in 2000, Karix is a mobile engagement and communications services provider. Known earlier as mGage India, it serves over 1,500 enterprise clients and had a revenue of Rs 540.24 crore in FY2018. With combined revenues of Rs 1,170 crore in FY2018, Tanla will emerge as a leading cloud communications company in India providing formidable digital transformation strategies to its enterprise clients, the statement said. Tanla said it expects cost synergies of about Rs 15 crore, over the next six quarters of operations. The ...
Britain's Mulberry warns on profit from House of Fraser
LONDON (Reuters) - British luxury bag maker Mulberry said on Monday it would take a 3 million pound ($3.8 million) hit from the collapse of House of Fraser, adding to the toll it faces from tough conditions in its home market.
Barley futures show mixed trends
Barley depicted a somewhat mixed trend at the futures market today as traders turned cautious. At the National Commodity and Derivatives Exchange counter, barley for the most-traded delivery in September eased by Rs 6 or 0.36 per cent to Rs 1,641 per quintal, with an open interest of 4,680 lots. In contrast, barley for delivery in October was trading higher by Rs 13.50 or 0.81 per cent to Rs 1,677 per quintal, clocking an open interest of 3,920 lots. Marketmen said a weak trend at the physical markets mainly influenced sentiments at futures trade here.
TPG Capital in talks to invest in Jet Airways: sources
(Reuters) - Private equity firm TPG Capital is considering investing in India's Jet Airways Ltd but is not close to finalising a deal, two sources with knowledge of the matter said, a plan that could raise money for the beleaguered airline.
Sugar prices decline on low demand, ample stocks
Sugar prices fell by up to Rs 15 per quintal at the wholesale market in the national capital today following ample stocks on increased supplies from mills. Marketmen said apart from ample stocks, reduced offtake by bulk consumers such as soft-drink and confectioners exerted pressure on sweetner's prices. Sugar ready M-30 and S-30 shed Rs 10 each to end at Rs 3,330-3,530 and Rs 3,320-3,520 per quintal. Mill delivery M-30 and S-30 prices also eased by Rs 100 each to finish at Rs 3,180-3,330 and Rs 3,170-3,320 per quintal. In the mill gate section, sugar Dhanora and Khatuli lost Rs 15 each to Rs 3,290 and Rs 3,305, while Kinnoni and Dhampur inched down by Rs 10 each to Rs 3,330 and Rs 3,180 per quintal. Following are today's quotations (in Rs per quintal) Sugar retail markets - Rs 36-41 per kg. Sugar ready: M-30 Rs 3,430-3,530, S-30 Rs 3,420-3,520. Mill delivery: M-30 Rs 3,180-3,330, S-30 Rs 3,170-3,320. Sugar millgate (including duty): Mawana Rs 3,240, Kinnoni Rs 3,330, Asmoli Rs 3,305,
Federal Bank Ltd leads losers in 'A' group
Great Eastern Shipping Company Ltd, Graphite India Ltd, Tamil Nadu Newsprint & Papers Ltd and TTK Prestige Ltd are among the other losers in the BSE's 'A' group today, 20 August 2018.
Ratnamani Metals rises after winning orders
Ratnamani Metals & Tubes rose 1% to Rs 869 at 14:40 IST on BSE after the company said it received two new orders aggregating to Rs 155 crore for supply of CS pipes from oil & gas sector.
Vadilal Industries Ltd leads losers in 'B' group
Kesar Enterprises Ltd, Asian Star Company Ltd, Kilitch Drugs (India) Ltd and Hindustan Organic Chemicals Ltd are among the other losers in the BSE's 'B' group today, 20 August 2018.
Volumes soar at S H Kelkar & Company Ltd counter
S H Kelkar & Company Ltd clocked volume of 9.69 lakh shares by 14:14 IST on NSE, a 6.62 times surge over two-week average daily volume of 1.46 lakh shares
Farmers still unaware of details of PMFBY: Survey
Farmers are still unaware of the details of the Pradhan Mantri Fasal Bhima Yojana (PMFBY) even as the government and insurers are trying to increasing the penetration in the non-loanee segment, said a climate risk management firm WRMS. However in many states, high satisfaction has been seen among the enrolled farmers and reasons for the same were proper implementation in terms of assistance to farmers and involvement of insurance company and high percentage of insured farmers receiving payout, it said. The PMFBY, launched in 2016, is the most important tool today to insure agriculture against climate and other risks. The scheme which is an improvement over the previous agriculture insurance schemes not only provides subsidised insurance to the loanee farmers but also avails it to the non-loanee farmers. "In a recent survey done in eight states (Uttar Pradesh, Gujarat, Odisha, AP, Chhattisgarh, Nagaland, Bihar and Maharashtra) by BASIX, it was found that only 28.7 per cent of the ...