HCC Ltd, an infrastructure construction company, said it has been awarded a Rs 785 crore contract by Northeast Frontier Railway under a joint venture with Coastal Projects Ltd. The contract is for developing a 9.5 km tunnel between Tupul – Imphal for New Railway Line Project from Jiribam – Tupul, the company said. The Share […]
LIC Housing Finance reported total income of Rs. 2965 crores for Q1 of this year as against Rs. 2544 crores during the same period previous year, a growth of 17%. Revenue from operations grew 18% from Rs. 2483 crores to Rs. 2917 crores. Net interest income was Rs. 659 crores, registering a growth of 30% […]
Even as concerns are raised that India’s joining of the Madrid Protocol of global intellectual property system is impacting small companies here, minister for trade and industry Nirmala Sitharaman said it would a good thing for small enterprises. Before India joined the system, India’s top Patent officer, the Controller General of Patents PH Kurian announced […]
The yearly SBI Composite Index for July 2015 declined sharply to 49.7 from 53.2 for June 2015. The number implies a low decline in manufacturing activity, compared to a ‘moderate growth’ for the same month last year. Looking purely at the monthly index, activity decline to 47.0 (Low Decline) in June 2015 from 46.7 (Low […]
The demand for natural gas in India will increase to ~330 MMSCMD by FY 25, while the supply will increase by 60% to around 150 MMSCMD by FY 25, credit rating agency ICRA said. The increase in supply will be due to the likely commencement of GSPC’s Deen Dayal block and ONGC’s KG basin blocks […]
RattanIndia Apna Solar, a venture of Indiabulls-co-founder Rajiv Rattan, has won a contract to place solar panels on 75 public buildings in cities of Bhopal, Indore and Jabalpur in Madhya Pradesh as part of the Madhya Pradesh government’s efforts to increase renewable power generation. The contract was awarded by Madhya Pradesh Madhya Kshetra Vidyut Vitran […]
The Agri Business vertical of Mahindra & Mahindra, part of the USD 16.9 billion Mahindra Group, today announced the launch of its branded edible oil – NuPro. The company, under the Nufro brand, will offer a bouquet of edible oils, starting with mustard oil. The product is priced at Rs. 144 for a one litre […]
Maruti Suzuki, India’s biggest carmaker, has given further details of S-Cross, the premium hatchback that is set to be launched next month, at an investor event in Mumbai today. In a presentation, Maruti Suzuki said the S-Cross will create a new class, and has been built on a brand new platform. “S-CROSS offers bold […]
The Tata Motors Group global wholesales in June 2015, including Jaguar Land Rover, at 76,602 nos., remained flat, over June 2014. Cumulative wholesales for this fiscal were at 233,487 nos., higher by 2%, over last fiscal. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in June 2015 were 31,083 nos., remained […]
The top three rank holders on all India basis of Chartered Accountants Final Examinations held in May, 2015 are from Delhi and Secunderabad, Machilipatnam (Andhra Pradesh) & Mumbai respectively, said the Institute of Chartered Accountants of India (ICAI). ICAI announced the results of Chartered Accountants Final Examination held in May, 2015 and that of the […]
The trade deficit widened in June, partly due to a rise in non-oil-non-gold (NONG) imports, a key indicator of domestic demand. “Details within the import bill throws up two interesting developments – higher food imports to augment domestic supplies ahead of potentially weak monsoon rains and firmer urban consumption demand for electronics and transport equipment,” […]
The NCR residential market is stuck with an estimated inventory of 1,70,000 units while another 90,000 dwelling units under-construction are likely to be delayed for hand-over, reveals the ASSOCHAM recent survey. “A large inventory is piling up despite prices correcting by over 20 per cent in the last one year, while there is a huge […]
Flipkart, India’s largest e-commerce marketplace opened its newest warehouse at Dadri, UP, taking the total warehouse strength across India to 14, and throwing its focus on the Hindi heartland. Typically, most of the ecommerce volumes in India come from the South and West, with the North and East lagging slightly. As a result, most of […]
Bangalore has overtaken Mumbai as the home to the biggest start-up investment scene, attracting about 30% of angel funding in India, said a report on ‘Angel Investing’ brought out by InnoVen Capital India and Association of Indian Angel Groups (AIAG). India Angel Report 2015 also found that the median angel funding round grew to Rs […]
Boeing and Tata Advanced Systems Limited (TASL) said they signed a framework agreement to collaborate in aerospace and defense manufacturing and potential integrated systems development opportunities, including unmanned aerial vehicles. The companies intend to market jointly the products and platforms developed together by Boeing and TASL. The agreement was signed by Shelley Lavender, president of […]
After airlines, its hotels that are offering discounts for advanced booking. Hilton Worldwide, which also owns the DoubleTree brand, is offering 25% at the 14 hotels in its India portfolio if bookings are made before Sept 30 this year. The period of stay must be on or before January 17, 2016. “This offer is ideal […]
The Associated Chamber of Commerce and Industry of India (ASSOCHAM), India’s third biggest industry forum, today announced it will consider opening office in Teheran, immediately after global trade with Iran becomes normal following lifting of international sanctions. Yesterday, Western powers and Iran announced an agreement to move towards normalization of trade and diplomatic relationships. Till […]
Zee Entertainment Enterprises Ltd agreed to acquire 100% equity stake in Sarthak Entertainment Pvt Ltd which operates ‘Sarthak TV’, the number 1 GEC in Odia language. “The acquisition shall be from current shareholders of Sarthak Entertainment Private Limited, subject to requisite regulatory approvals, as an all-cash deal at a consideration of maximum of Rs. 115 […]
Zee Entertainment Enterprises Limited reported its first quarter fiscal 2016 consolidated revenue of Rs 13,399 million, up from 10,551 mln a year ago. Advertising revenues for the quarter were Rs 7,799 million, recording a growth of 25.4% over Q1 of last year. Excluding sports business which is event led, advertising revenues growth was in mid […]
Godrej Properties Ltd said it has transferred majority ownership in a special purpose unit developing an 18-acre plot in Kanakapura to Shubh Properties Cooperatief U.A. — a joint venture between APG Groep N.V., Sparinvest Property Investors and Godrej Properties Ltd.. The plot was acquired by Godrej Properties (in association with Dutch pension services provider APG) […]
