Page 956 - Business Finance
Schaeffler India announces change in directorate
With effect from 13 February 2019
Gurugram Leads the Way for Personalised and Super Quick Car Care Services
Car painting and car care has never been easier for Gurugram's busy office-goers, looking for personalised and fast service. Asia's leading paint manufacturer, Nippon Paint, has unveiled its flagship car painting and car care centre - Nippon Paint X'press, in partnership with Gurugram-based Blue Bird Automotive, in the Millennium City.The unique combination of world class products and technical prowess will provide ultra-quick body and paint repair services. This facility spread across 22,000 sq. ft, which can accommodate up to 15 cars at a time, is powered by machine learning colour tools for accurate colour matching.Sharad Malhotra, President, Automotive Refinish, Nippon Paint (India) stated, "Nippon Paint X'press heralds a new era in body and paint repair. Our focus is on efficiency and quality. We take great pride in our commitment to nature, which is why we offer Eco-friendly solutions to our customers."He added, "Our partners, Blue Bird Automotive, are veterans in the automotive
Gold little changed as dollar pauses on hopes for trade truce
(Reuters) - Gold was little changed on Wednesday, holding above the $1,300 level as the dollar retreated from a two-month peak on hopes of a U.S.-China trade deal, while rising global equities kept the metal's gains in check.
Global Markets: Stocks greet sign of trade truce extension with glee
LONDON (Reuters) - Investors hungry for progress on resolving a U.S.-China trade war seized on U.S. President Donald Trump's comment that he could let a March 1 deadline for a deal with China "slide", taking this as a cue to buy stocks and sell bonds on Wednesday.
Cheaper gasoline restrains U.S. consumer prices
WASHINGTON (Reuters) - U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.
Barclays says has spent up to 200 million pounds on Brexit
DUBLIN (Reuters) - Barclays has spent 100 to 200 million pounds ($129-258 million) moving operations and staff out of Britain to prepare for Brexit, its UK chairman Gerry Grimstone said on Wednesday as bank bosses detailed the costs involved.
Tata Trusts Managing Trustee Venkataramanan to quit on March 31
Managing Trustee of Tata Trusts R. Venkataramanan has decided to quit after completing his tenure, said an official here on Wednesday.
SC reserves order in RCom case
The Supreme Court on Wednesday reserved judgment on the contempt petitions filed by Ericsson AB against Reliance Communications and its Chairman Anil Ambani, who was present in the court for the second day.
NCL VEKAs uPVC Profiles Extrusion Plant goes on stream
: NCL Veka, makers of uPVC (un-plasticised poly vinyl chloride) products for buildings, Wednesday announced the commissioning of its newly built Rs 50 Crore uPVC Profile Extrusion facility in Medak District of Telangana. Telangana's Principal Secretary for IT and Industries Jayesh Ranjan opened the 1,20,000 square foot 18 extruders line constructed on 16.8 acres, a press release said. The manufacturing facility, providing employment for 450 people directly and indirectly, will produce new generation VEKA uPVC profiles to serve the domestic and MEA markets, it said. Announcing the commissioning of the plant,Chief Executive 0fficer of NCL VEKA, Ashven Datla said: "the plant enhances our capacity to produce 24,000 tonnes of profiles, translating to window requirements for 3,00,000 homes per year. We will continue to invest towards attaining phase wise expansion to 30 uPVC extruders lines to support our growing market." Andreas HartleifCEO, VEKA said "We will use this ...
'Mahindra AMC aims to launch four-five new products next
: Mahindra Asset Management Company plans to launch four-five new schemes/products in the next financial year, its Managing Director and CEO, Ashutosh Bishnoi said here Wednesday. Mahindra AMC, which started operations in July 2016, has Assets Under Management (AUM) of Rs 5,000 crore (as on January 2019) from eight schemes and announced launch of a new open ended equity scheme 'Mahindra Pragati Bluechip Yojana'. "This will be our ninth product that we are launching. We touched Assets Under Management of Rs 5,000 crore last month and out of it about Rs 1,800 crore is retail money and Rs 3,000 crore plus comes from the institutional investors. We are hoping to change that equation," Bishnoi told reporters here. To a query on the companys plans to launch more funds, Bishnoi "You should see four to five new products in the next financial year. Focus is going to be in small markets. We think couple of more equity funds...couple of more debt funds and we are looking at a ...
U.S. consumer prices unchanged in January
WASHINGTON (Reuters) - U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.
CAG: NDA's Rafale deal 2.86 per cent cheaper but acquisition system not effective (Roundup)
In a relief to the government ahead of Lok Sabha polls, the much-awaited Comptroller and Auditor General (CAG) has found that the deal signed by the NDA regime in 2016 for 36 fighter jets was 2.86 per cent lower than the price negotiated by the UPA for 126 aircraft but felt that the present capital acquisition system is unlikely to effectively support the IAF.
Uganda expects first oil production to be delayed to 2022: minister
NEW DELHI (Reuters) - Uganda expects to begin producing oil in 2022, its energy minister Irene Muloni said on Wednesday, indicating a slight delay from the east African country's revised target of 2021.
Bikaner land deal case: ED widens probe, grills Vadra on loans given by Bhushan Power and Steel to a Mumbai-based firm
The Enforcement Directorate (ED) on Wednesday confronted Robert Vadra, brother-in-law of Congress President Rahul Gandhi, in a money laundering case involving the Bikaner land deal case about the loan given by the Bhushan Steel and Power to a French firm to buy his company's land.
Renault scraps parts of Carlos Ghosn's pay deal
PARIS (Reuters) - Renault on Wednesday said it had decided to scrap certain lucrative pay arrangements for former chairman and chief executive Carlos Ghosn.
Tata Trusts Managing Trustee R Venkataramanan quits
Tata Trusts on Wednesday said its Managing Trustee R Venkataramanan has resigned from the post to pursue other options. Venkataramanan will relinquish responsibilities as the Managing Trustee /Trustee of the Tata Trusts on March 31, 2019, Tata Trusts said in a statement. A committee of trustees, comprising Ratan N Tata, Chairman of the Trusts, and Vijay Singh and Venu Srinivasan, Vice-Chairmen of the Trusts, has been established with immediate effect to oversee the operations and to select a Chief Executive for the Trusts, it added. The trustees of the Tata Trusts at a meeting held Wednesday accepted Venkataramanan's request to be relieved as he had been considering other options, given that he was completing five years as the Trusts' Executive Trustee / Managing Trustee, it added. The development comes at a time when tax exemption status provided to philanthropic trusts endowed by members of the Tata family, was reportedly withdrawn because of the remuneration paid to ...
India helps drive up UK's Scotch whisky export boom
India was among the top export destinations for Scotch whisky in 2018, a year during which the export value of Scotland's popular tipple grew by 7.8 per cent to hit a record 4.70 billion-pound. Official figures from the UK's Her Majesty's Revenue and Customs (HMRC) analysed by the Scotch Whisky Association (SWA) revealed this week that India remains among the top 10 export destinations for whisky produced in Scotland. The Indian market was also among the top three in terms of volume, with 112.6 million bottles sold to India in 2018, compared to top-ranked France at 187.8 million bottles and second-placed US at 136.8 million bottles. In terms of value, India came in at 138.8 million pounds, up 34.1 per cent compared to 2017. "2018 was another year of strong export growth for Scotch Whisky, attesting to its enduring popularity in different countries and among cultures right across the world. Quite simply, Scotch Whisky remains the whisky everyone wants to drink," said Karen Betts, Chief
CPI inflation dips to 2.05% in January 2019
Core CPI inflation declines to 5.36% in January 2019
London keeps central role in euro clearing ahead of Brexit
LONDON (Reuters) - London has kept its central role in clearing euro financial transactions ahead of Brexit, but European Union rivals have stepped up efforts to attract business, the CEO of the London Stock Exchange's clearing arm LCH said on Wednesday.
14,239 km gas pipelines are being developed in India: Petroleum Minister
Completion of 9th round and 10th round of CGD network will involve more than Rupees one lakh crore of investment in the CGD sector