Page 387 - Business Finance
Procter & Gamble Health appoints an Additional (Non-Executive) Director
Effective from 01 June 2019
Kridhan Infra makes application under Section 227B of the Companies' Act
Powered by Capital Market - Live News
IDFC First Bank Outcome of Board meeting
On 10 May 2019
Board of Advani Hotels & Resorts (India) recommends second interim dividend
Of Rs 1.4 per share
Funding success: ParkingRhino's 5X growth in 9 months
A few years ago the Indian Start-up ecosystem was at a nascent stage. Start-ups blooming in different domains, few of them were inventing and few others were trying to copy and make better versions. As such, it was not that clear what could be the parameters to grant the funding.Seeing the large opportunity in parking business in expanding and unsaturated marketplace due to rapid urbanization, increase in vehicle population, shared mobility and data collaboration ParkingRhino has developed a smart data platform to help find and manage to park and also solving other mobility use cases.ParkingRhino has secured Rs 3.85 Cr in seed funding 9 months ago. The vision was to upgrade its AI and IoT technology platform, team building & market acquisition. They have changed the way people find parking spaces and share mobility information.Within 9 months of funding, they have reached 5X growth in revenue using AI, IoT and Cloud technology. They are clocking in 120,000 transactions a day and
IntelliStay Hotels Announces Equity Investment From Promoter Group PRAMA Hotels
/ -- Mumbai-based hotel company, Intellistay Hotels Pvt. Ltd. (IHPL), announced a fresh round of equity infusion from promoter group Prama Hotels Pvt. Ltd. (PRAMA). (Logo: https://mma.prnewswire.com/media/885234/IntelliStay_Hotels_Logo.jpg) IntelliStay operates full-service hotels under three Brands: Mango Hotels, i-Stay Hotels and Apodis Collection. IntelliStay last raised an equity round in tranches from Apodis Hotels and Resorts Ltd. (Apodis) who now hold a significant majority stake in IntelliStay Hotels. PRAMA is the promoting company of Apodis. Since 2012, IntelliStay Hotels has signed and opened 23 hotels till March 2019. Another 30 hotels are in the signed and project stage with a target of over 2500 keys operational by March 2020. This puts IntelliStay on the list of top 10 hotel companies in India by number of keys under management. PRAMA recently completed a strategic round of investment from TripBorn, Inc., an emerging Indian last mile Commerce and Connectivity platform. .
'India's e-commerce regulations need more consultation'
India's e-commerce regulations need more consultation with American companies that have invested in India, according to a senior US official
Trump orders raising tariffs on essentially all remaining imports from China
United States President Donald Trump has ordered his top officials to begin the process to raise tariffs on almost all the imports from China, US Trade Representative Robert Lighthizer said Friday. This amounts to about USD300 billion. This is in addition to the Chinese imports worth USD200 billion on which Trump increased the import duty from 10 percent to 25 percent, beginning Friday. "Earlier today, at the direction of the President, the United States increased the level of tariffs from 10 percent to 25 percent on approximately $200 billion worth of Chinese imports," Lighthizer said. "The President also ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately USD300 billion," he said. The process for public notice and comment will be published shortly in the Federal Register. "The details will be on the USTR website on Monday as we begin the process prior to a final decision on these tariffs," Lighthizer ..
Rihanna makes history with new fashion label Fenty
Singer Rihanna is to launch a fashion label with French luxury goods group Moët Hennessy Louis Vuitton (LVMH).
Dollar edges down amid CPI data
The US dollar slightly weakened against its major rivals in late trading on Friday as market participants digested the newly-released consumer prices data.
US officials says China trade talks 'constructive'
Talks to end a worrisome US-China trade battle were "constructive," US Treasury Secretary Steven Mnuchin said Friday, a sign of hope that Washington and Beijing could seal a deal to avert damage to the global economy. "They were constructive discussions between both parties, that's all we're going to say," Mnuchin was quoted as saying by CNBC following a two hour negotiating session. Moments earlier, Chinese Vice Premier Liu He shook hands with both men on the steps of the US Trade Representative's office before driving off. Mnuchin and US Trade Representative Robert Lighthizer then headed for the White House. At his hotel, Liu told reporters that the talks had gone "fairly well," according to Bloomberg, which nevertheless cited sources saying little progress had occurred. President Donald Trump said Friday he was in no hurry to reach a deal with Beijing, arguing the United States was negotiating from a position of strength. Just hours earlier, Washington had pulled the trigger on an
Uber shares falter on debut, open below IPO price
The much-awaited Uber Technologies shares stumbled on its debut on Friday with the share price opening below the IPO price level set by the company.
Dalmia Bharat's Q4 consolidated ner profit rise over two-fold
Cement major Dalmia Bharat on Friday reported a 112.90 per cent increase in its consolidated net profit for the January-March quarter of the financial year 2018-19, on a year-on-year basis.
TV9's new management sacks Ravi Prakash as CEO
The new management of TV9 multilingual television news channels on Friday sacked Ravi Prakash and M.K.V.N Murthy, both whole-time directors and CEO and CFO respectively.
Strides posts Rs 44-crore net in Q4
Strides Pharma Science Ltd on Friday reported Rs 44-crore consolidated net profit for the fourth quarter of the fiscal 2018-19 as against Rs 3.4 crore net loss in the same period a year ago.
FinMin counters NSSO's on database issues
The Finance Ministry on Friday dismissed any aspersions over the government estimated GDP figures after another government agency NSSO raised questions over the " dubious" database used to arrive at the growth numbers in certain quarters.
Twitter received fewer account data requests by the US government
In its 14th transparency report, Twitter revealed how the number of global information requests dropped in the period between July-December 2018.In its official blog, Twitter highlighted that the US submitted 6 per cent fewer information requests than the last reporting period. The States comprises of only 30 per cent of the global government information requests and Japan submitted the second highest volume of requests, while India made 6 per cent of the volume of the global requests.In terms of content removal, Twitter removed a total of 166,513 accounts, a 19 per cent decrease, related to the promotion of terrorism. It also suspended a total of 456,989 unique accounts for violations related to child sexual exploitation, down by 6 per cent from previous period.
L&T's Q4 consolidated net profit up 13.5%
Industrial conglomerate Larsen & Toubro (L&T) on Friday reported a 13.51 per cent rise in its consolidated net profit for the January-March period of financial year 2018-19, including the profit share in its joint ventures and associates.
Normal banking service in cyclone hit Odisha by Monday
Banking services in the cyclone Fani-affected areas, including worst-affected Puri district, are expected to be normal by May 13, said an official on Friday. However, complete operation of ATM services will take time, he added.
Ravi Prakash removed as CEO of TV9
: A day after a case was registered against Ravi Prakash,CEO of TV9 channel,for allegedly cheating the company promoters, Alanda Media and Entertainment, which has acquired majority stake in the company, Friday announced his removal. Alanda Media and Entertainment said it has removed Ravi Prakash as CEO and that Mahendra Mishra has been appointed as the Interim head. Mishra currently heads the TV9 channel. Police had on Thursday filed cases against Ravi Prakash for allegedly cheating the company's promoters by forging documents and also under different IT Acts. Ravi Prakash has however denied the charges and alleged that cases were foisted on him. "In view of the mala fide intentions and fraudulent acts of Ravi Prakash on May 8, the Board removed him as CEO and EGM (Extraordinary General Meeting) held today ratified it. The Board has also removed M K V N Murthy, Whole Time Director and CFO with immediate effect," Sambasiva Rao, newly appointed director of Associated ...