Page 3258 - Business Finance

Eatigo receives investment worth USD 25 Mn from TripAdvisor

Restaurant reservation platform in Southeast Asia Eatigo on Monday announced receiving of a follow-on investment from its existing strategic investor, TripAdvisor.With an investment worth USD 25 million, the pre series C investment for Eatigo comes as TripAdvisor's restaurants business unit and its subsidiary, TheFork, look to help expand Eatigo's presence and services across the Asia Pacific region.On the heels of a successful entry into Hong Kong, the Philippines, Malaysia and India in 2017, Eatigo will use the funds to launch in several more markets and extend its product offering. Over the past year, the company has grown rapidly to claim a leading position in every market it operates in."Eatigo is excited to continue its strong relationship and collaboration with TripAdvisor. These new funds will be integral in allowing Eatigo to consolidate and extend the reach of our leadership and expertise in helping customers reserve the perfect table," said Eatigo's CEO and co-founder, ...

TGV Sraac standalone net profit declines 18.03% in the June 2018 quarter

Sales rise 36.68% to Rs 309.47 crore

CCL Products (India) standalone net profit rises 16.97% in the June 2018 quarter

Sales rise 21.66% to Rs 218.44 crore

CCL Products (India) consolidated net profit rises 45.93% in the June 2018 quarter

Sales rise 19.33% to Rs 294.45 crore

DCB Bank standalone net profit rises 6.56% in the June 2018 quarter

Total Operating Income rise 23.92% to Rs 701.43 crore

Maharashtra Scooters standalone net profit rises 91.51% in the June 2018 quarter

Sales rise 20.54% to Rs 3.11 crore

Advanced Micronic Devices reports standalone nil net profit/loss in the June 2018 quarter

Sales decline 50.60% to Rs 0.41 crore

Richirich Inventures reports standalone net profit of Rs 0.02 crore in the June 2018 quarter

Sales reported at Rs 0.05 crore

Opto Circuits (India) reports standalone net profit of Rs 8.41 crore in the June 2018 quarter

Sales rise 184.99% to Rs 28.67 crore

Hindustan Unilever standalone net profit rises 19.17% in the June 2018 quarter

Sales rise 11.37% to Rs 9356.00 crore

Smruthi Organics reports standalone net profit of Rs 2.19 crore in the June 2018 quarter

Sales rise 64.40% to Rs 28.31 crore

Britain announces 'short and sharper' code for companies

LONDON (Reuters) - Companies in Britain must strive to rein in excessive executive pay, pay more heed to staff and make boards more diverse under a new "short and sharper" corporate code, published on Monday.

BlackRock profit rises as ETF demand continues, iShares flows drop

(Reuters) - BlackRock Inc, the world's biggest asset manager, reported a better-than-expected quarterly profit on Monday, as client demand for index funds helped plump up margins and the company settled into a lower tax rate.

Deutsche surprises market with earnings forecast upgrade

FRANKFURT (Reuters) - Deutsche Bank expects second-quarter net profits will be more than double analysts' forecasts in a rare piece of good news for Germany's largest bank which is cutting costs to try to revive profitability.

Boeing, Embraer defend planned deal, expect regulatory approval

FARNBOROUGH, England (Reuters) - Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory approval.

NMCE settles July commodity contract through eNWR

Commodity bourse NMCE today said it has for the first time settled delivery obligation, under the July contract, by issuing electronic negotiable warehouse receipts (e-NWR) offered by the National E-Repository Ltd. As on July 14, the exchange has issued 517 eNWR. Of these, 397 have been settled in Kerala for the rubber July contract, the NMCE and NERL said in a joint statement. "The contract settlement through eNWR is hassle free and convenient to market participants. Warehousing regulatory environment will help bring more participation in commodity exchanges as compared to transacting in physical warehouse receipts," NERL CEO and Managing Director Kedar Deshpande said. Going forward, all clients and depositors of NMCE keen to deliver and receive the commodities will have to mandatorily open a client repository account with NERL. eNWR allows transfer of ownership of a commodity stored in a warehouse without having to deliver the physical commodity. These receipts are issued in ...

Linde sells U.S. antitrust assets for $3.3 billion to Messer, CVC

FRANKFURT (Reuters) - Germany's Linde said on Monday it would fetch $3.3 billion from selling assets to a consortium of German gases firm Messer and buyout group CVC in a deal to secure antitrust clearance for its planned $87 billion merger with U.S. group Praxair.

FANG surge leads stock market recovery, putting Netflix in spotlight

NEW YORK/SAN FRANCISCO (Reuters) - The FANGs have gotten their bite back, and they are helping Wall Street erase the wrenching correction that beset it in February.

Airbus strikes deals in China, India amid Brexit concerns

European aerospace giant Airbus announced deals with Chinese, Indian and Taiwanese airlines today, kicking off the Farnborough airshow in Britain on an upbeat note despite concerns about the effects of Brexit. China's Sichuan Airlines said it will be buying 10 A350 long-haul planes with a list price of USD 2.8 billion (2.4 billion euros), while India's Vistara signed a letter of intent to purchase 13 single-aisle A320neo aircraft. Taiwan's Starlux Airlines, which is developing a network across Asia and North America, said it had signed a memorandum of understanding for the purchase of 17 Airbus planes -- 12 A350-1000s and five A350-900s. The Airbus deals announced at Farnborough, southwest of London, would add up to more than USD 17 billion at catalogue price for the planes if all orders are confirmed and prior to large discounts traditionally handed to purchasers. Airbus's US rival Boeing also announced a series of impressive deals including 14 777s to DHL for USD 4.7 billion, 30 737

Rolls-Royce announces new regional PR & Communications Manager for Middle East, Africa & India

Rolls-Royce has announced Rami Joudi as Regional PR & Communications Manager, Middle East, Africa and India. He will be based in Dubai.Born in Kuwait and of Syrian descent, Joudi graduated from Lincoln University in the UK with a Bachelor's Degree in Business Administration. He started his career in 1999 as Assistant Editor for Motorsport Magazine in Dubai.As a journalist, his experience includes heading a number of Dubai-based publications, including Editor at Gulf Auto Magazine and Auto News Magazine, and Managing Editor at Sport Auto Magazine. As a PR professional, his experience encompasses both the agency and corporate worlds. Agencies included Grayling PR (PR Senior Account Manager for Audi Middle East), ExtraCake (PR Account Manager for Audi Middle East) and Hill and Knowlton (PR Consultant and Arabic Editor for General Motors Middle East). On the corporate side, his roles included PR Officer and Arabic Spokesperson for Audi Middle East and, most recently, PR & ...