CRISIL Research expects India Inc results for the quarter ended June 30, 2015, to disappoint as soft commodity prices, weak growth in investment-linked sectors, and subdued rural demand restrict earnings. “Our analysis of 600 companies (excluding financials and oil & gas), which account for 70% of overall market capitalisation, shows only a mild 3% uptick […]
Eon Electric Limited (EEL) said it won a Rs 51 crore for Streetlights in Aligarh, UP and Jodhpur, Rajasthan. 60,000 LED streetlights will be installed at Jodhpur and 13,000 at Aligarh. The street lights are installed with Centrally Controlled System, which continuously monitors and reports satisfactory performance and energy conservation of these LED Streetlights, Eon […]
JK Tyre has denied that it was in a transaction to acquire Birla Tyres from Kesoram Industries Ltd. Shares of Kesoram Industries was up 9% today on news that it would be able to sell the tyre-making unit to JK Tyre, one of India’s biggest tyre brands. “There is no transaction between JK Tyre & […]
Global e-Commerce sales made via mobile devices are expected to cross $638 billion by 2018, according to the joint study brought out by ASSOCHAM and Deloitte said. Currently, the availability of e-Commerce applications on various mobility devices is helping to drive sales and revenue, Assocham said. “E-tailers like Flipkart, Amazone and Jabong now get 50% […]
United Bank of India has cut its fixed deposit rates by 0.25 percentage points from July 6 onwards. With this, the Bank now offers rates of 7.25% interest for deposits up to 269 days (from 180 days) and up to 7.75% for 270-365 days. Above one year, United Bank of India offers interest rates of […]
North India-based real estate developer Antriksh Group has introduced a unique concept under which you can buy a flat by paying Rs 10,000 online, and pay remaining at the rate of 0.9% of the value per month. The scheme is applicable on 5th July for its “Urban Greek” project in Dwarka in Delhi. “Urban Greek” […]
TVS Motor Co has launched the company’s legendary TVS XL Super in a special edition to commemorate 1 crore units of the moped sold in India since 1980. The TVS XL Super is ubiquitous in rural areas of south India, particularly Tamil Nadu and Karnataka, and is amongst the most affordable mechanized forms of transport […]
State Bank of India (SBI), the largest commercial bank in India, has promised to cut home loan processing times to ten days under its new ‘Project TATkal’. “The initiative will help the home loan applicants to get the Loan within “10 Days” after receipt of application form and relevant supporting documents,” it said. Project TATkal […]
The Power Transmission and Distribution (PT&D) Business of L&T Construction has won orders worth Rs 1885 crores in domestic and international markets in June 2015, the company said. On the domestic front, a major EPC order has been received from Odisha Power Transmission Corporation Limited. The scope involves installing various 33/11 kV air insulated substations […]
The Indian economy is kicking into the high gear, going by hiring data from Monster India, part of the global recruitment firm Monster Inc. With a 32 percent YoY growth, the month of June has registered the highest increase in the online recruiting this year, the company said. The index reading was 202. Launched in […]
Financial Technologies said that the Supreme Court has stayed an earlier order by the Central Electricity Regulatory Commission directing Indian Energy Exchange to transfer its shares in the exchange to a trust. The CERC issued the order on June 26, 2015, directing FTIL (Financial Technologies) to transfer its entire shareholding in the Trust Demat Account […]
Rating agency ICRA said the normalization of monsoon has increased the probability of GDP growth in India rising to 7.4-7.6% this year as well as that of an interest rate cut during the October-December quarter of this year. “Following bouts of unseasonal rainfall in the pre-monsoon period, the surplus monsoon rainfall in June 2015 has […]
Tata Motors today launched the XF Aero-sport model of its Jaguar premium car range at a price of Rs 52 lacs (Ex-showroom Mumbai, Pre- Octroi). Tata Motors acquired Jaguar Land Rover from Ford for $2.3 bln in June 2008. The special edition Jaguar variant powered by a 2.2 litre Diesel engine offers a range […]
Infibeam Incorporation Ltd, which some call the fourth or the fifth biggest online portal in India, has filed for a Rs 450 cr initial public offer with the markets regulator. With this, the company has beaten Flipkart, which was widely expected to be the first online shopping portal to go public, to the bourses. Infibeam.com […]
Bajaj Auto, the country’s biggest maker of premium motorcycles, said it saw a 10% jump in its June sales to 2.87 lakh compared to a year ago. The trend is in line with sales numbers released by competitors like Yamaha and TVS Motors. Bajaj Auto’s increase in sales in June is a break from the […]
Bharti Airtel announced that it is fully ready to launch National Mobile Number Portability, making it the first operator to make such an announcement. Pan-India mobile number portability will be implemented from tomorrow (Friday.) “Extending its spirit of Customer First, the company also introduced many firsts including faster processing of porting requests, free incoming on […]
HSBC’s manufacturing PMI for India was weaker in June due to a decline in output and new order flow, including from overseas, the financial services firm said. PMI or purchasing manager’s index, is a gauge of confidence levels of purchasing managers in companies. It gives an indication of what companies expect will happen in the […]
Hero Motocorp reported lackluster numbers for June, with sales remaining largely flat. The company sold 5,42,362 motorcyles during the month, more or less unchanged from last year’s 5,41,594 units. In contrast, rival Yamaha Motors and TVS Motors reported strong growth for June. Yamaha Motor India Sales Pvt. Ltd. announced a growth of 26% in domestic […]
Volkswagen, Europe’s largest carmaker sold 4,039 units in June 2015 as compared to 3,079 units sold in the corresponding month, the previous year, marking an increase of 31% in overall monthly sales and an increase of 19% in Jan-June 2015. The increase is one of the biggest reported by any auto maker for June, though […]
TVS Motor Company recorded 8% growth in sales for the month of June 2015 with total sales increasing from 205,403 units recorded in the month of June 2014 to 222,099 units in the month of June 2015. The company’s total exports grew by 26% with sales increasing from 34,103 units in the month of June […]
