Dabur India Ltd’s Consolidated Net Sales for the first quarter marked a 10.7% growth at Rs 2,064.1 Crore, up from Rs 1,863.9 Crore a year earlier, while net profit rose 23.9% to Rs 261.1 Crore vs Rs 210.8 Crore a year earlier. Dabur India Ltd said it faced headwinds like subdued demand, geopolitical challenges and […]
Shriram City Union Finance Limited (Shriram City), the retail lending arm of the Chennai-based Shriram Group and a financier of small businesses said its Q1 net profit was higher by 15.6 % year-on-year at Rs. 148 Crores. Income from Operations stood at Rs.913 Crores, up 7.8% over the same period last fiscal. Net Interest Income, […]
Yes Bank announced its April-June quarter results. Net Interest Income (NII) for Q1FY16 increased by 42.2% y-o-y to Rs 1,059.8 crore on account of strong growth in advances and expansion in NIM to 3.3%. from 3.0% in Q1FY15. Non Interest Income increased by 31.8% y-o-y to Rs 545.2 crore in Q1FY16 on back of continued […]
Jet Airways said it has rescheduled its daily flight from Hong Kong to New Delhi from October 25, 2015. Jet Airways flight 9W 77 will depart Hong Kong at 1205 hrs. (Local Time), and arrive in Delhi at 1600 hrs. On the return, Jet Airways flight 9W 78 will depart Delhi at 0230 hrs, and […]
Indian stock markets, which have gained 40% over the last 18 months over the election of a strong government at the center, looks ripe for a deeper correction, a report by Business Monitor International (BMI – part of the Fitch Group) said. “Indian equities are looking precarious, and a deeper correction looks highly likely as […]
CRISIL today said 46,000 mw of power projects are facing viability issues due to lack of long-term buyers for electricity, inadequate fuel supply, and aggressive bidding to win projects and coal blocks. This has put at risk Rs 75,000 cr of loans used to finance these projects, the firm added. Of this, 36,000 mw are […]
Mahindra & Mahindra Ltd today launched the Automatic variant of its new Scorpio. Available on the top-end S10 variant of the New Generation Scorpio, the Automatic offering is attractively priced at Rs.13.13 lacs (ex-showroom Delhi, 2WD), the company said. “The only SUV in its class to offer 6-speed automatic transmission with 4WD as an option, […]
Housing Development Finance Corporation Limited (HDFC) reported profit after tax stood at Rs 1,361 crore as for the April-June quarter compared to Rs 1,345 crore in the previous year. The consolidated profit after tax stood at Rs 2,204 crore as compared to Rs 1,873 crore in the corresponding quarter last year, representing a growth of […]
Mahindra Holidays & Resorts India Limited reported a 21% increase in its revenue to Rs. 231 Crores for the first quarter, while profit after tax rose 23% to Rs 25 Crores. Total number of new member additions increased 50% during the quarter compared to the same period last year. Total number of members were 186,000. […]
Maruti Suzuki, India’s largest carmaker, reported an 18% rise in its net sales for the April-June period to Rs 13,078 cr. Total vehicles sold increased by 13.8%. However, net sales was down sequentially from 13,272 cr. Net Profit was Rs 11,929 million, a growth of 56.5 per cent year on year. During the Quarter, higher […]
Tata Consultancy Services said Bank of Bhutan has selected TCS BaNCS for its Core Banking Solution. Bank of Bhutan is the largest commercial bank in the Kingdom of Bhutan with a network of 46 branches, including extension branches, 62 ATMs, a state-of-the-art mobile banking solution and a dedicated Contact Center and is the official bank […]
SpiceJet is offering air fares of Rs 999 (excluding taxes and fees) for non-stop domestic flights for travel during August 4 – October 15, 2015. Booking have to be made till midnight, July 30, 2015. Usually, airline fees is only around 40% of the total price of a ticket. However, it should be noted that […]
Life Insurance Corporation of India, India’s biggest life insurer, continued to lose new business to private sector players, particularly ICICI Prudential and HDFC Standard, last financial year, according to industry numbers. LIC managed to get 78,000 cr of first-year life-insurance premium out of a total of 113,142 cr, implying a market share of 69.2% of […]
Mahindra & Mahindra, India’s biggest SUV maker, is all set to unveil its latest creation, the mystery SUV known by the code name U301 and widely speculated to carry the name Supro. The vehicle will be unveiled on Thursday, July 30, at 12 pm. The Supro U301 has been seen multiple times on the road […]
Dabur India Ltd launched Hajmola Yoodley, a Ready-to-Drink beverage with chatpata’ Indian flavors. The new Hajmola Yoodley will be available in six different variants – Awaara Aam Panna, Nimboora Shikanji, Go Goa Guava, Jhakaas Jaljeera, Golmaal Golgappa & Kabhi Kala Kabhi Khatta. The ready-to-drink beverage will be available in a 250ml pack, priced at Rs […]
Lifestyle brand Mad(e) In India plans to raise Rs 30 crore as part of Series A funding by end of 2015 to scale up and augment its market presence and operations. The firm uses a hybrid business model – both online and offline. Mad(e) In India is a premium lifestyle brand headquartered in Mumbai. It […]
Maruti Suzuki will organize a 2000-km rally from Bangalore to Hyderabad via Mangalore on Aug 2. The six-day route will cover scenic areas such as Shimoga, Tumkur, Chitradurga and Bellary to culminate in Hyderabad. 120 teams will participate. “The tarmac and uneven rocky paths across the route will make it even more arduous especially with […]
Tata Housing is offering 72,000 – 10,00,000 Jet Privilege Miles to non-resident Indians who purchase any flat from the company undeer its “happy returns” scheme. NRIs contribute between 15-20 percent of Tata Housing’s total sales and this has been increasing since the last few years, the company said. “We expect this to increase to 25-30 […]
House of Hiranandani, a real estate player in India, has come up with special offers on its Bangalore properties located in Banerghatta and Devanahalli. It is waiving floor-rise charges at the Banerghatta project and offering lenient financing schemes for its cottages at Devanahalli. “Customers will not have to pay any floor rise for higher floors. […]
Eleven-year-old author Mallika Sinha has always wanted to write a book, since she was young. She started writing small stories and poems. When she was told that she should try writing a book, she thought of a suitable plot and the result of which is the publication of “Mirror Image” (published by Partridge Singapore). This […]
