The output of Iron Ore shot up 42.6% in July this year as some of the restrictions on the iron ore production was lifted this year. Bauxite, from which Aluminium is made, also saw a jump of 35.5% in output in June this year. Similarly, Chromite production also increased 34.9%. India had put curbs on the […]
itel mobile, a Hong Kong based mobile manufacturer, said that it has sold more than 1.4 million mobile handsets in India over a period of 3 months. The company said, it had launched the first phase of sales in Uttar Pradesh East, Uttar Pradesh West, Gujarat, Jammu and Kashmir, Bihar, Jharkhand, Punjab, Uttarakhand, Delhi, Rajasthan, […]
Minda Industries said that credit rating agency ICRA has upgraded the long term credit rating of the company by one notch from A+ to AA- and added that the outlook on the long-term rating was ‘Stable’. The short term rating of the company remains at A1+ added the company. ICRA has said that, the ratings […]
SREI Infrastructure has filed with the regulators to raise Rs 1000 crore by selling debentures to be public. The non convertible debentures will be issued in one or more tranches, subject to the Shelf Limit in accordance with the terms and conditions set out in separate tranche prospectus for each such tranche issue. The object […]
The NSE today has sought clarification from Aditya Birla Fashion and Retail (ABRL) on whether any negotiations for merger has taken place with Kishore Biyani’s Future Group. The exhange’s request for clarification has come after a report in the Economic Times. The report said that Biyani’s Future Group was in early discussion with ABRL to […]
Delhi will soon have a new Aerospace Museum close to the international airport focused mainly on Nation’s rich aviation history, said the Ministry of Defence. New Aerospace Museum is not only meant to preserve the glorious tradition of the IAF but also to create awareness in general public about India’s rich Aerospace heritage added the […]
Birla Corporation said it has completed the acquisition of Reliance Cement company (RCCPL) through purchase of 100% shares in the company. The previously Reliance Infrastructure owned company is now a wholly owned subsidiary of Birla Corporation added the company. Early in February this year Birla Corporation had informed regarding the signing of agreement with RCCPL […]
India’s largest power generation company NTPC reported a surge in its operating profit by 62.6% to Rs 3,815 crore to Rs 2345 crore due to increase in revenue and relatively slower increase in its expenses for the first quarter. However, the impact of higher taxes hit the net profit. Profit grew by 4.3% to Rs 2,340 crores from […]
Kotak Mahindra Bank said it is now offering a lower home loan rate of 9.35% as part of a festive season discount and will also provide business loans and overdraft at up to 1% lower interest rate with 25% waiver on processing fees till 10th September. SBI already offers home loan rates of around 9.3%, while ICICI […]
Pearl Global, one of India’s largest garment maufacturers and exporters, said that their first-quarter revenue grew by 33% to Rs 3,757 crore from 2,820 crore owing to strong growth in demand. The profit though grew by just 6% to Rs. 130 crores from Rs 122 crores due sharp rise in manufacturing costs, employee expenses and […]
Jindal Steel and Power said that it has secured coal supply of 1.18 million tonnes per year (MTPA) for 5 years for its 540 + 134 MW captive power generation plants in Dongamahua and Raigarh in Chhattisgarh. The long‐term linkage will ensure steady and assured supply of coal for the captive power plants, thereby enhancing […]
Renault launched the upgraded version of its entry-level hatchback KWID today at a price of Rs 3.95 lakh ex-showroom in Delhi. The price of the 1 liter variant is only Rs 22,000 above the 800CC model. KWID SCe will inly be available only in full option of RXT and RXT (Option). The 1000cc model will be […]
Renault the French automaker is launching its 999 cc variant of its entry-level model KWID SCe in India at 12 PM today, and is expected to reveal the pricing details in a few minutes. The company had opened the bookings for the variant earlier this month and is expected to start delivery by September. The variant […]
TVS tyres reported a revenue growth of 8% to Rs 552.95 crores for the April-June quarter. Though the material cost remained stagnant compared to the previous year, increase in inventory contributed to the fall in profit to Rs 46.5 crores from Rs. 49.48 crores. Earnings per share went down by 6.4% to Rs 60.74 from Rs […]
Union Minister for Water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti launched various projects worth Rs 560 crore under Namami Gange programme at Ganga Barrage in Kanpur today, said ministry of water resource. This includes Rs 63 crore interception and diversion plan of Sisamau drain, Rs 397 crore networking schemes and river front […]
Sun TV Network profit rose by 19% to Rs 233.06 cr due to a sharp fall in depreciation costs. Depreciation and amortisation charges fell by around Rs 30 cr while net profit increased by Rs 37 cr. Revenue growth was muted at 10%. Subscription revenue grew by 22% to Rs 232.13 cr, but the company did […]
BMW announced the dates of its experience tour to be held in Thrissur district in Kerala on the 20th and 21st of this month. The venue will be Corporation ground in Paravattani added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the […]
Chetan Bhagat said that his new book will be called “One Indian Girl”. Bhagat had earlier said that the new book will be written in female first person style and will put female voice to the fore. “One Indian Girl is about an Indian girl who is intelligent and successful, because of which she finds […]
Bangladesh sent the highest number of tourists to India, according to numbers for tourism arrivals for July this year. Bangladesh accounted for 17.3% of tourists arrivals followed by USA and UK contributing 16.5% and 11.67% respectively, said the tourism ministry. Bangladesh is the source of the largest number of illegal immigrants to India. Since the […]
Transport Corporation of India reported a revenue growth of 7.8% and said the company is expecting to deliver double-digit profit and revenue growth this year in the wake of the introduction of the Goods and Services Tax. The GST, which simplifies the sales tax regime in India, is expected to give a major boost to interstate commerce, […]
