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BSNL launches 'Bharat Fibre' broadband service in Pulwama
State-owned telecom firm BSNL has become the first operator to start optical fibre-based high-speed broadband service in Pulwama with launch of 'Bharat Fibre', the company said Thursday. "This is the first such FTTH (fibre-to-the-home) service deployment in the (Kashmir) Valley under this unique revenue share model. Since the Bharat Fibre services are provided on the optical fibre right up to the customer premises, reliable and high-speed internet services are delivered to the customers," BSNL Director (Consumer Fixed Access) Vivek Banzal said in a statement. He added that the services are generally not affected even during adverse weather conditions. BSNL provides FTTH service with a monthly charge in the range of Rs 777-16,999 in over 160 telecom districts with a minimum speed of 2 megabit per second (mbps). "We have plans to roll out this service in all the districts of Jammu and Kashmir. People looking for business opportunities to partner with BSNL should contact local BSNL ...
DCM Shriram shares end over 7 pc higher post robust Q4 earnings
Shares of DCM Shriram zoomed over 7 per cent Thursday after the company reported strong earnings for the quarter ended March 31, 2019. The scrip jumped 7.22 per cent to close at Rs 465 on the BSE. During the day, it climbed 11.78 per cent to Rs 484.80. At the NSE, shares of the company zoomed 5.29 per cent to end at Rs 458. DCM Shriram Wednesday reported nearly six-fold jump in net profit at Rs 293 crore for January-March quarter. Its net profit stood at Rs 51 crore in the year-ago period, the company, which is into chemicals, sugar, fertiliser and seed businesses, said in a regulatory filing. Net revenue from operations rose 21 per cent to Rs 1,888 crore from Rs 1,566 crore in the year-ago period.
Modi waived Rs 5.5 lakh cr for industrialist: Rahul
Congress President Rahul Gandhi on Thursday alleged that the Narendra Modi government has waived Rs 5.5 lakh crore loan of the industrialists in the last five years but has not done enough for farmers, youths or traders.
Glenmark expects up to 14 % growth in India revenues in FY20
Drug major Glenmark Pharma expects 12 to 14 per cent growth in its India revenues during the current fiscal, a top company official said here Thursday. "We have historically grown at a rate which is faster than the market growth rate. Historical the growth is about 12 to 14 per cent annually. That is the kind of growth trajectory we hope will be able to sustain ( in FY 20 also). we should be in the similar range," Sujesh Vasudevan, president, India Formulations, Middle East and Africa, at Glenmark Pharmaceuticals told reporters. Glenmark reported Rs 2514 crore revenues from India in FY 18 against Rs 2303 crore in the previous year growth of 10 per cent. During the first nine months of the FY19, the drug maker reported Rs 2109 crore. Glenmark Thursday patent protected and globally-researched sodium glucose co-transporter (SGLT2) inhibitor Remogliflozin etabonate (Remogliflozin) in India. The drug is indicated in the treatment of type-2 diabetes mellitus in adults. The ...
TechM launches Blockchain technology for telecom sector to nix
IT major Tech Mahindra Ltd Thursday announced the deployment of a cutting-edge solution leveraging Blockchain Technology aiming to mitigate spam calls for telecom sector in India, which is impacting over 300 million mobile subscribers. According to a press release from the company here, in 2018, Tech Mahindra designed the Blockchain solution, constituting more than 25 per cent of the Indian market share, in compliance with the regulations and guidelines of TRAI (Telecom Regulatory Authority of India) in order to enable Telecom providers prevent unauthorized access of their subscribers' data. Global Practice Leader of Blockchain, Tech Mahindra, Rajesh Dhuddu said, "the new-age technology is a focus for corporates and government alike, and is expected to be a trillion-dollar market by 2030. With the concerted and coordinated efforts by the Indian government and the industry backed by appropriate regulation, India can continue to sustain and enhance its leadership ...
Plea in SC seeks cancellation of Rahul's nomination over citizenship row
Raising questions over his citizenship, a petition was filed in the Supreme Court on Thursday, seeking cancellation of the nomination of Congress president Rahul Gandhi, who is contesting the Lok Sabha election from Wayanad and Amethi seats.Jai Bhagwan Goel, executive president of the United Hindu Front and Chandra Prasad Kaushik, national president of Akhil Bharat Hindu Mahasabha, have filed the petition in the top court."A petition was filed by Geol and Kaushik to cancel the nomination of Rahul Gandhi. Rahul is not an Indian citizen. He is a director of London-based Backops Limited. The company was registered in 2003 but dissolved in 2009," said Barun Sinha, advocate appearing for the petitioners."Rahul was presented as director, secretary and shareholder in the papers submitted to the Registrar of Companies of London, England and Vales. He has clearly mentioned that he is a British citizen. It means he has given up his Indian citizenship," said Sinha.Sinha further argued that the ..
OnePlus 7 likely to cost around Rs 40,000: techARC
The much-awaited OnePlus 7 may cost Rs 39,500 as with every new flagship launch, OnePlus has consistently increased the price by 12.6 per cent on an average, a study by market research firm techARC claimed on Thursday.
NCLAT allows banks to declare defaulting ILFS accounts as NPAs
The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the banks to declare as non-performing assets the accounts of IL&FS and its group companies that have defaulted on payments. A bench headed by Chairman Justice S J Mukhopadhaya lifted the embargo on the banks to declare the accounts of the debt-ridden IL&FS and its 300 group entities. However, the appellate tribunal has also clarified that although the banks would declare the IL&FS accounts as NPAs but can not initiate recovery process and debit money. The bench has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies. Presently, Infrastructure Leasing & Financial Services (IL&FS) Group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process. The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from ...
Gold falls Rs 250; silver plunges by Rs 825
Gold prices Thursday slumped by Rs 250 to Rs 32,620 per 10 gram at the bullion market here due to weak demand from jewellers amid weak global cues, according to the All India Sarafa Association. Tracking gold, silver also declined by Rs 825 to Rs 37,700 per kg due to reduced offtake by industrial units and coin makers. Traders said apart from subdued domestic demand, weak global cues influenced sentiment here thereby resulting in fall in gold prices. The US Federal Reserve's decision to hold rates also had an impact on gold prices. The Federal Open Market Committee (FOMC) continues to view sustained expansion of economic activity, strong labour market conditions, and inflation near the Committee's symmetric two per cent objective as the most likely outcomes, as per a statement by the Fed. "In light of global economic and financial developments and muted inflation pressures, FOMC will be patient as it determines what future adjustments to the target range for the federal funds rate may
PNB Housing Finance to consider raising up to $1 bn
The PNB Housing Finance board will consider fund raising up to $1 billion through debt instruments of external commercial borrowings (ECB) and non-convertible debentures (NCDs) in its upcoming board meeting on May 9.
Shares end lower in volatile session
Key equity indices ended the volatile trading session lower amid lack of any fresh triggers to support buying. The barometer index, the S&P BSE Sensex, fell 50.12 points or 0.13% to 38,981.43, as per the provisional closing data. The Nifty 50 index fell 23.40 points or 0.20% to 11,724.75, as per the provisional closing data.
Amorepacific Group Launches Beauty Brand Etude House in India
/ -- Etude House is the third brand of Amorepacific Group introduced to India after innisfree and Laneige Amorepacific plans to expand e-commerce channels to increase reach with millennial customers Amorepacific Group (Amorepacific), the largest global beauty company headquartered in Korea, announced today the launch of Etude House in India. The brand is set to make its debut in the Indian market on April 30th exclusively through beauty retailer Nykaa (https://www.nykaa.com). At present, Etude House has a market presence in more than 10 countries including the Middle East, East Asia and ASEAN markets. (Logo: https://mma.prnewswire.com/media/881017/Etude_House_Logo.jpg ) Etude House has been recognized globally by beauty enthusiasts for its playful and trend-setting approach, capturing the attention of millennial consumers. While offering the brand's bestsellers such as The Dear Darling Water Gel Tint and Play Color Eyes eyeshadow, Etude House plans to communicate with Indian ...
Dabur India's FMCG business up 13 pc backed by 11 pc volume growth
Dabur India Ltd said on Thursday its consolidated revenue for the 2018-19 financial year stood at Rs 8,533 crore, up over 10 per cent from Rs 7,748 crore a year earlier.The consolidated net profit marked 6.5 per cent growth to Rs 1,446 crore as against Rs 1,358 crore in the previous fiscal.The gradual recovery of the domestic market was temporarily impacted by adverse liquidity conditions and the agrarian crisis -- particularly towards the end of the financial year, said company's CEO, Mohit Malhotra."Our India business demonstrated resilience and continued to report a steady growth with strong market share gains in key highly competitive categories. Dabur's domestic FMCG business recorded a growth of 13 per cent in 2018-19," he said.The performance of Dabur's international business was, however, relatively muted due to a challenging macroeconomic environment, said Malhotra.The demand slowdown towards the end of the fiscal year due to the liquidity issues and a prolonged winter season
Namami Gange organizes 4th consultative meeting
National Mission for Clean Ganga (NMCG) in collaboration with PTC Financial Services Limited organized the 4th Consultative Meeting on 'Development of Sewage Treatment Plants (STP) through Hybrid Annuity Mode (HAM)' at India Habitat Centre, Delhi.Wide participation of all the major players from the water and wastewater sector, as well as other stakeholders, developers, consultants, financial institutions bankers etc, was seen.Addressing the stakeholders, Upendra Prasad Singh, Secretary, Ministry of Water Resources River Development and Ganga Rejuvenation, said he was confident that the HAM is proving to be a real game-changer and an innovation which is adding value to projects in sewerage infrastructure. Besides being a role model for players from different sectors, he believed that the quality of overall delivery would also improve under HAM model in the future.Rajiv Mishra, Director General, NMCG was pleased to see all the stakeholders, developers, investors on one platform and was .
Toyota India sales decline 22% in April
Toyota Kirloskar Motor sold 10,112 vehicles in April, registering a 22 per cent annual decline from 13,037 units in same month a year ago, the Japanese car maker said on Thursday.
Ashok Leyland gains after good sales volume data
Ashok Leyland gained 3.11% to Rs 89.40 at 15:14 IST on BSE after total sales rose 10% to 13,141 units in April 2019 over April 2018.
Karnataka: Tomato prices surge from Rs 15 to Rs 60 per kg in one week
A sudden rise in tomato prices has hit the people's kitchen budget like anything.For the past few days, tomatoes have been selling at Rs 50-60 per kilogram as compared to the last year's rate of Rs 10-15 per kilogram during this period.According to market players, the local tomato production has witnessed a dip. As a result, they have to bring tomatoes from Nashik in Maharashtra.A local Wasim Paschan said, "There is no tomato in Karnataka. All of it is coming from Nasik. That is why tomato prices have shot up."Traders say that a big quantity gets damaged during transportation of tomato during summer."Vegetable prices, especially of tomato, have gone up. Last week, the prices were around Rs 10-15. After the rain, it is coming from Nashik. It is damaged too. People are angry and not purchasing tomato. The rates are around Rs 40-50 kilogram," said Naeem Pasha, a tomato seller.
1-India Family Mart raises Rs 20 cr
Value retail chain 1-India Family Mart Thursday said it has raised Rs 20 crore in a debt funding led by APAC Financial Service Pvt Ltd. The fund will be leveraged by the company for expanding to new geographies as well as for its working capital requirements, 1-India Family Mart, which is owned by Nysaa Retail said in a statement. Commenting on the development, 1-India Family Mart CFO Deepak Sharma said, "This round of external funding reflects our commitment towards maintaining a healthy growth rate and profitability on the financial books". He further said this round is part of the larger capital raise, which the company is in the process of closing, that will fund its scaling up of business till it goes public within the next two years. "This growth capital will give us the resources and flexibility to further expand aggressively to new territories and geographies to accelerate the brand's attempts to meeting fashion expectations of diverse customer groups...," Sharma ...
Jet Airways (India) Ltd leads losers in 'A' group
Reliance Power Ltd, Escorts Ltd, Dilip Buildcon Ltd and Kansai Nerolac Paints Ltd are among the other losers in the BSE's 'A' group today, 02 May 2019.