Page 409 - Business Finance
Toyota, Panasonic form joint venture in housing for Japan
Japanese automaker Toyota and electronics giant Panasonic are forming a joint venture combining their housing businesses in Japan to showcase technologies such as connected cars and the internet of things. Toyota Motor Corp., which offers housing as well as vehicles in Japan, said the new company will offer homes showcasing those technologies. Panasonic Corp. said its housing subsidiary will become part of the joint venture. The companies said Thursday the deal should concluded by January 2020. Both sides said communities will increasingly want connected cars, autonomous driving, car-sharing and ecological vehicles, and homes offering sustainable energy and gadgetry. Earlier this year, Toyota and Panasonic announced a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming. The companies have been studying working together on batteries since 2017. The housing joint venture brings together all ..
Change in Secretarial Auditors of Kopran
On 08 May 2019
India Ratings downgrades Yes Bank
The development comes a day after another rating agency Icra lowered the bank's rating
Volumes spurt at Sheela Foam Ltd counter
Sheela Foam Ltd notched up volume of 58285 shares by 10:49 IST on BSE, a 32.99 fold spurt over two-week average daily volume of 1767 shares
Facebook eases ad policies for Blockchain products
As part of its updated advertising policies, social networking giant Facebook has decided to lift some restrictions that it imposed on the circulation of cryptocurrency products and services on its platform.
magicpin Strengthens its Leadership With Six Key Hires
/ -- Appoints Head-Finance, VP-Merchant Growth, VP-Business and Head of Cities Senior hiring is in line with the rapid expansion across cities and business lines magicpin, India's largest offline discovery platform, has announced strengthening its leadership team by adding veterans across roles. Nitin Gupta joins the firm as Head-Finance, Rajeshwar Wadhera as VP-Merchant Growth, Ankit Mittal and Hitanshu Gandhi as Vice Presidents, retail merchants and manufacturing brands businesses respectively. Further, the company has appointed two Head of Cities, Mahendra Rathod (Bengaluru) and Ritvik Shekhar (NCR) and markets. Collectively, the new senior hires will add 75 years of experience to the leadership of the firm. The new leadership hiring is in line with magicpin's rapid expansion across new and existing cities and business lines. This further bolsters the existing strong leadership at magicpin and deepens its extensive operational, financial and strategic capabilities. Their deep ...
Dewan Housing Finance Corporation appoints an Additional Director
W.e.f. 08 May 2019
Infobip Redefines Customer Experience for Indian Enterprises With WhatsApp Business API
/ -- Infobip, global cloud communication company for businesses and a leader in omnichannel engagement enables rich content customer dialogue over WhatsApp in India. Infobip's enablement of WhatsApp Business API allows enterprises in over 180 countries to communicate branded, rich content to its customers over WhatsApp, the chat app trusted and used by 1.6 billion people worldwide. In India, over 200 million people uses WhatsApp on a daily basis. With its efficient onboarding process, tailoring to client needs, Infobip has acquired a strong roster of WhatsApp Business API clients across the globe. In India, Infobip is a partner of choice for large and medium sized enterprises in a wide range of sectors such as banking, financial services and insurance (BFSI), retail, travel and on-demand service companies. "User experience and engagement have become paramount in today's increasingly competitive business landscape, particularly in the B2C space. WhatsApp Business API provides the ...
Tata Communications slides after Q4 net loss
Tata Communications fell 1.06% to Rs 552.90 at 10:49 IST on BSE after reporting consolidated net loss of Rs 198.82 crore in Q4 March 2019 compared with net loss of Rs 120.97 crore in Q4 March 2018.
Indices off day's low
Stocks cut losses in morning trade after an initial slide. At 10:22 IST, the barometer index, the S&P BSE Sensex, was down 111.30 points or 0.29% at 37,677.83. The Nifty 50 index was down 31.70 points or 0.28% at 11,327.75. Negative Asian stocks weighed on the sentiment.
Standard Chartered PLC purchases shares
On 08 May 2019
RBI warns Finance Commission of more fiscal slippages by states
In a statement that comes after a jump in devolution of revenues to states, the RBI stressed the "importance of states has increased" with the shift in composition of government finances, the statement said. It also said the outstanding debt as percentage of GDP has been rising despite moderation in interest payment as percentage of revenue receipts.
Stock markets continue to slide down, Nifty below 11,330
Equity benchmark indices extended their fall for a fourth consecutive trading session this week and traded lower in the early hours on Thursday.Except IT and Media, all sectoral indices at the National Stock Exchange were in the negative zone.At 10:15 am, the BSE S & P Sensex was down 117 points at 37,670 while the Nifty 50 slipped 33 points to 11,327.Heavyweight Reliance Industries slipped 2.4 per cent, largely due to unstable crude oil prices globally. Bharat Petroleum Corporation and power utility major NTPC also shed over 2 per cent.The other losers included Adani Ports, Bharti Infratel, Dr Reddy and Grasim.Some IT stocks, however, showed some gains. They included Infosys, Tata Consultancy Services, Wipro and Tech Mahindra.Shares of Zee Entertainment, Indiabulls Housing Finance, Hero MotorCorp, Britannia and Yes Bank also showed marginal gains.Meanwhile, Asian stocks traded on a low note with an escalation in trade tariff talks between the United States and China -- the ...
Indian origin cybersecurity startups seek Singapore funding
Two Indian-origin cybersecurity startups are planning to expand their base to Singapore and are in talks for funding with investors in the city-state for their concepts on preventing cyber attacks. Seconize, which was formed in Bangaluru in 2017, recently set up its office in Singapore for expansion across Asia Pacific and has already secured support from Singapore telecom giant Singtel and National University of Singapore (NUS) Enterprise. The startup enables enterprises to manage their cyber risks through its continuous predictive risk intelligence product. Damages to businesses by each cyber attack could be as high as USD 4 million, Chetan Anand, CEO & Co-Founder of Seconize, said. The company's proof of concept has been tried out by a large Indian enterprise, said Anand, who pitched for investment at the Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) Accelerated Demo Day in Singapore on Wednesday. Seconize is among the top in the NASSCOM list of 10,000 startups and ...
A tale of two Prime Ministers, of a lost decade
It's rather ironic that Manmohan Singh, who unleashed sweeping market reforms in 1991, should have presided over their virtual demise during his second term as Prime Minister (2009-14)
Hindalco Industries slips after Novelis' Q4 earnings
Hindalco Industries fell 1% to Rs 198.60 at 10:13 IST on BSE after wholly-owned subsidiary, Novelis, reported a 5.5% decline in net income to $103 million in Q4 March 2019 over Q4 March 2018.
Mangalore Refinery And Petrochemicals Ltd Slips 5.13%, S&P BSE Energy index Shed 1.98%
Mangalore Refinery And Petrochemicals Ltd has lost 8.92% over last one month compared to 2.88% fall in S&P BSE Energy index and 3.52% drop in the SENSEX
Sensex falls over 200 pts as US-China tensions roil global mkts
The benchmark BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,300 mark in early trade Thursday tracking weak cues from global markets as US-China trade tiff continued to roil investor sentiment. Ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies, scheduled for May 9-10 in Washington, China has said it will retaliate if US raises tariffs on Chinese products. The comments come after US President Donald Trump threatened to hike tariffs on USD 200 billion worth of goods earlier this week. Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading significantly lower in early trade. Following suit, the 30-share index was trading 212.08 points, or 0.56 per cent, lower at 37,577.05. Similarly, the broader NSE Nifty was down 63.15 points, or 0.56 per cent, at 11,296.30 . Among the top losers in early session were RIL, NTPC, PowerGrid, Yes Bank, Tata Motors, HCL Tech, Bajaj Finance and HDFC twins, falling up