Adani Ports and Special Economic Zone Limited, India’s largest port developer and part of Adani Group, reported a 17% jump in its total cargo volumes and a 32% increase in revenue during the first quarter Consolidated cargo across all ports handled by the company was 40 MMT in Q1FY16. In case of containers, the Mundra […]
ICICI Bank, India’s largest private sector bank, introduced a new product — ICICI Bank Saral-Rural Housing Loan — which will carry only the bank’s base interest rate. “Applicants from rural areas including women borrowers as well as seekers from weaker sections can now avail home loans at the ICICI Bank Base Rate which is currently […]
Land Rover today announced that the first new member of the Discovery family, the new Discovery Sport will be launched in India on September 2nd 2015 and that Land Rover retailers are now formally accepting bookings for the most versatile premium SUV in the segment. “The new Discovery Sport, with new levels of refinement, engineering […]
Visiting Amritsar’s Golden Temple is considered an auspicious start to anything new. So, with Zee TV’s upcoming primetime show ‘Tashan-e-Ishq’ all set to launch on 10th August, its cast decided it was time to seek blessings of the Lord for its success. “We have been shooting in Punjab as the show is based there. So, […]
Vedanta Resources, the London-listed global mining giant, said it will today restart iron-ore mining at its mine at Codli in Sanguem taluka in Goa. “The Company has received the relevant consent, license and approvals in place to commence the iron-ore mining operations in the State of Goa for some of its leases,” Vedanta said. The […]
A survey by Kerala’s biggest broadcasting group, Asianet in association with agency C fore, has predicted rising influence for the Bharatiya Janata Party among young voters in Kerala and predicted that the party will send its first ever representatives to the Kerala Assembly in 2016. UPDATE: Asianet has published a new survey as well. The […]
JMC Projects Limited (JMC), subsidiary of Kalpataru Power Transmission Limited, said its revenue for the first quarter fell to Rs 582.8 crore from Rs 602.3 crore in the corresponding period last year. Profit after tax was up 48% at Rs 6.3 crore as compared to Rs 4.3 crore. “All the four road BOOT projects of […]
Mahindra and Mahindra reported revenue of Rs. 10474 crore for the quarter ended June as against Rs. 10734 crore in the same quarter of the previous year. The Net Profit after tax fell to Rs. 831 crore as against Rs. 896 crore last year due to the absence of a one-time gain that was there […]
Bharti Airtel said it had acquired its 30th million customer in Nigeria. “In acquiring 30 million subscribers in Africa’s most populous nation, the company has hit another milestone of achieving a 20 percent market penetration in the country,” it said. Making the announcement, Airtel Africa CEO Mr. Christian de Faria, noted that the company’s success […]
Pramerica Asset Managers, the asset management business in India of Pramerica Investment Management, said it had agreed to buy Deutsche Bank’s India asset management business. Separately, Dewan Housing Finance Corporation Ltd also said that it had decided to acquire 50% of the equity share capital of Pramerica Asset Managers Private Limited — the asset management […]
Shoppers Stop, one of India’s oldest organized retailer, has tied up with Snapdeal, One of India’s largest online marketplaces, to sell its merchandise through a flagship Shoppers Stop store on the online portal. “This partnership will leverage Shoppers Stop’s unparalleled brand assortment and Snapdeal’s pan India reach to create a superlative and holistic omni-channel retail […]
Pre-school chain Tree House Education & Accessories Ltd reported a 28.05% jump in revenue for the first quarter to Rs 69.03 cr, while profit after tax rose 12.2% to Rs 18.02 cr. “In Q1FY16, we opened 35 new centers and, as a result, we are today spread across 97 cities with our total pre-school count […]
Diversified Piramal Enterprises Ltd reported a 25% jump in its first-quarter revenue to Rs 1,474 Crores and a quadrupling of net profit to Rs 205 Crores. Company has delivered a strong revenue performance with growth across all three business segments during the quarter. 63% of the total revenues were generated in foreign currency. Operating profit […]
Motherson Sumi Systems Limited (MSSL) said first-quarter revenue rose 12% to Rs 9,252 Cr and net profit rose 62% to Rs 266 Cr from a year ago. The company’s subsidiary SMP has been nominated in the Volkswagen Group Procurement Strategic Partners for Future Automotive Supply Tracks, it said. Its unit SMRPBV reported revenue growth of […]
Life insurer HDFC Life said it will start selling insurance policies using the Common Services Centre (CSC) network set up by the govenrment. The company has designed HDFC Life CSC Suraksha, an exclusive term insurance plan to be sold through CSC channel, it said. The annual premium for the specal CSC Suraksha scheme starts at […]
Sonata Software said that it has agreed to acquire US-based enterprise mobile specialist Halosys. Based in Santa Clara, California, Halosys is an innovator in providing technology platform and solutions that help enterprises implement mobile solutions for their business. “Halosys provides a single Unified Enterprise Mobile Enablement platform that enables businesses build, secure, manage and deploy […]
MINI India, owned by BMW, has announced new prices for the entire MINI product range in India. Mr. Philipp von Sahr, President, BMW Group India said, “MINI has always found a perfect balance between MINI heritage, future-defining forms and innovations. MINI brand has been built for individualists, its unmistakeable design and undiluted driving fun has […]
FMCG company Emami Ltd reported a 22.4% increase in Q1 revenue to Rs. 590 crores, while EBIDTA rose by 32.9% to Rs. 100 crores and PAT at Rs. 88 crores grew by 23.9% compared to a year ago. Domestic business in the first quarter grew steadily to achieve a healthy topline growth of 23.4%. Despite […]
India’s biggest car maker Maruti Suzuki launched its first premium cross-over, S-CROSS in two diesel engine options: DDiS 200 and DDiS 320. “Its bold cross-over looks, premium interiors and rich features enable the S-CROSS to stand out. The combination of massive torque, power and superior ride and handling is bound to delight customers. By offering […]
IDBI Bank, arguably the most tech-savvy among government banks in India, has implemented a new digital system for processing loans such as education loans, auto loans and personal loans. “The system would improve turn-around time for these loans and bring about customer delight,” it said. The new system is in addition to its existing loan […]
