Page 3709 - Business Finance
Motorola to livestream its handsets' launch on Twitter
Lenovo-owned Motorola on Friday announced its partnership with Twitter India for livestreaming the launch of Moto G6 and Moto G6 Play in India.
Bajaj Auto shares jump over 5%; mcap rises by Rs 4,083 cr
Shares of Bajaj Auto today surged over 5 per cent after the company reported a 30 per cent jump in total vehicle sales in May this year. The stock jumped 5.13 per cent to settle at Rs 2,893.25 on BSE. During the day, it surged 6.97 per cent to Rs 2,944.15. At NSE, shares of the company soared 5.26 per cent to end at Rs 2,895. The company's market valuation rose by Rs 4,083.11 crore to Rs 83,721.11 crore. The stock was the biggest gainer on both the key indices during the day. In terms of equity volume, 1.40 lakh shares of the company were traded on BSE and over 17 lakh shares changed hands at NSE during the day. Bajaj Auto today reported a 30 per cent jump in total vehicle sales at 4,07,044 units in May this year. The company had sold 3,13,756 vehicles units in the same month last year. Motorcycle sales last month stood at 3,42,595 units, up 24 per cent, as against 2,77,115 units in the same month a year earlier, Bajaj Auto said in a statement.
Petrol, diesel prices in Kerala cut by Re 1 / litre
Petrol and diesel prices in Kerala came down by Re 1 each from today following the state government's decision to reduce cess. The rates in Kerala today were Rs 81.40 per litre for petrol and Rs 74.05 a litre for diesel. The decision to reduce sales tax by Re 1 per litre on petrol and diesel was taken at a state Cabinet meeting, chaired by Chief Minister Pinarayi Vijayan on Wednesday last. Vijayan had stated that the government decided to bring down the fuel prices to give some relief to the people, who were reeling due to the daily hike in prices of petroleum products. The move would result in a revenue loss of Rs 509 crore per year to the state exchequer, the chief minister had said.
India's manufacturing sector growth eases in May: PMI
The pace of India's manufacturing sector output eased in May, a key economic data point showed on Friday.
New business deals bring autonomous vehicles a step closer
Two technology giants has announced major new investments in self-driving vehicles, bringing the world a step closer to a time when autonomous cars are a part of everyday life a reality that General Motors aims to achieve in some places as early as next year. The deals and other ongoing negotiations, show that the technology is authentic and it's accelerating. "It's all starting to coalesce into something that's more real," said Navigant Research analyst Sam Abuelsamid, who closely follows autonomous vehicle developments. SoftBank, a giant Japanese tech investment firm, announced yesterday it would spend USD 2.25 billion for a 20 per cent stake in GM's autonomous vehicle business. Then Waymo, Google's self-driving operation, said it would buy up to 62,000 more mini vans from Fiat Chrysler to expand its soon-to-start ride-hailing venture. Not to be outdone, Uber's new CEO said at a Wednesday conference that he is in talks with Waymo about adding Waymo self-driving vehicles to the Uber
Zomato expands footprints in Northern India; begins operations in Lucknow & Ludhiana
Food delivery aggregator Zomato on Friday announced its expansion in Ludhiana and Lucknow after servicing a spread out across 17 cities in India.With live order tracking and an an average delivery time of 35 mins, the the largest spread of restaurants to order from Zomato looks to offer its consumers the convenience of hassle-free delivery through their own delivery fleet in Ludhiana and Lucknow. The service is available seven days a week.Owing to its expansion strategy, the delivery app has partnered with ~1000 restaurants across Lucknow and Ludhiana, ranging from the city favourites, legendary restaurants, and Quick Service Restaurants (QSRs), to the coolest of the cafes in town."Lucknow has always been known for its love for food. We already have significant traffic from the city for our reviews/listing product and we have only recently introduced our food delivery service in Lucknow. We have been pleasantly surprised with the response within the first fortnight since our launch ...
MT Educare reports consolidated net loss of Rs 44.66 crore in the March 2018 quarter
Sales decline 38.71% to Rs 40.76 crore
ERP Soft Systems consolidated net profit declines 57.58% in the March 2018 quarter
Sales rise 3.69% to Rs 7.02 crore
Kayel Securities reports standalone net profit of Rs 0.02 crore in the March 2018 quarter
Sales decline 82.50% to Rs 0.07 crore
MT Educare reports standalone net loss of Rs 80.66 crore in the March 2018 quarter
Sales decline 41.39% to Rs 30.68 crore
Minda Finance standalone net profit rises 50.00% in the March 2018 quarter
Sales rise 166.67% to Rs 0.16 crore
Melstar Information Technologies reports standalone net loss of Rs 0.96 crore in the March 2018 quarter
Sales decline 68.40% to Rs 0.79 crore
Rainbow Foundations reports standalone net loss of Rs 0.55 crore in the March 2018 quarter
Sales decline 91.82% to Rs 4.53 crore
Surya Funcity reports standalone net loss of Rs 0.91 crore in the March 2018 quarter
Sales rise 154.55% to Rs 0.28 crore
CES standalone net profit declines 42.07% in the March 2018 quarter
Sales rise 12.63% to Rs 20.15 crore
Tuni Textile Mills reports standalone net loss of Rs 0.06 crore in the March 2018 quarter
Sales rise 30.90% to Rs 12.20 crore
Stanpacks (India) standalone net profit rises 30.00% in the March 2018 quarter
Sales rise 4.95% to Rs 8.69 crore
ERP Soft Systems reports standalone net profit of Rs 0.02 crore in the March 2018 quarter
Sales rise 23.81% to Rs 0.26 crore
Subhash Silk Mills reports standalone net loss of Rs 0.08 crore in the March 2018 quarter
Sales reported at Rs 0.05 crore
Scandent Imaging reports standalone net loss of Rs 0.51 crore in the March 2018 quarter
Sales rise 208.47% to Rs 1.82 crore