Vamaship,a company that connects shippers with logistic companies, said it has launched new service for international e-commerce shipping from Mumbai for the gems and jewellery industry starting from Rs 999 onwards for door-to-door delivery. The customer can book the shipment on the Vamaship website and track shipments through their mobile app and on the platform […]
Border Roads Organisation, which constructs roads for the Ministry of Defence, have launched a tree plantation drive in the Northern & Eastern states of India yesterday said the defence ministry. Lt Gen Suresh Sharma, Director General Border Roads said that two lakh saplings will be planted across the country under this programme. Sharma added that it was […]
The wages of Khadi artisans are set to rise up to 100% and more with the Khadi & Village Industries Commission (KVIC) approving a wage hike, the government said. The wages were raised from Rs 90 to Rs 190 per day along with assistance for marketing their product the government added. The increase in wages […]
Department of Revenue and Central Board of Excise and Customs (CBEC) have started holding interactive sessions with industry representatives to understand and address the apprehensions and concerns of the various stakeholders about GST and also provide a platform for business to express their views on important aspects of the new system. The three-day consultations started yesterday. […]
Chelsea centre back and vice captain of England national team Gary Cahill said that Antonio Conte, the clubs new Manager, added spirit and discipline to the team. He further added that the players were feeling the benefits of the intense pre- season campaign. “Players know exactly what their role should be at each individual time […]
BARC (Bhabha Atomic Research Centre) said they developed a portable kit to detect toxic chromium in drinking water and tap water, lakes, rivers as well as ground water at a cost of Rs 16 per sample. Existing kits for onsite detection of Hexavalent Chromium are currently imported and the cost of analysis is beyond Rs100 […]
Customers of DBS, one of the leading banks in Asia, will soon be able to carry out their banking operations by via text chat. Customers will be able to use natural text messaging to converse with DBS from their favourite mobile messaging app, manage their money across accounts, track expenses and even make payments in the process, […]
Muthoot Finance said that credit rating agency ICRA has upgraded long term debt rating of the company by one point from AA- to AA. The revision in the long-term rating factor of Muthoot Finance is because of their initiative to improve their credit risk profile by regular interest collection which will thereby offset the risks […]
Suzlon Group, one of India’s pioneering alternate energy equipment maker, said it got a 132 MW wind tower contract from ReNew Power. The order comprises of Suzlon’s latest product offerings and includes S97.90m tubular tower and S97 120m Hybrid Tower with a rated capacity of 2.1 MW each, the company said. The S97 120m is […]
National Highway Authority of India said that it has partnered with Power Finance Corporation under their “Adopt a Green Highway Program” to plant trees on an 87 km stretch of NH 7 in Nagpur. Power Finance Corporation will donate Rs. 13 crore for plantation and five year maintenance under their CSR funds for the project. It will […]
Andhra Pradesh, Gujarat and Kerala have committed to be 100% open-defecation free by March 2017, minister for urban development Venkaiah Naidu said at a workshop in Delhi. By the same time, the number of open defecation free cities will rise from 122 to 739 by the time, Naidu added. The Minister said that 21 lakh […]
Infosys Ltd said its banking software Finacle has been named the leader among nine top banking platforms in ‘The Forrester WaveTM: Customer-Centric Global Banking Platforms, Q3 2016’. The ranking was done on the basis of 40 criteria focusing on strategy, current offering and market presence. They scored 4.35 out of 5 and are the only […]
JSW Steel acquired JSW Praxair Oxygen Private (JPOPL) by purchasing the remaining 74% shares for Rs. 240 crores, said the company. JSW steel currently holds 26% of the equity shares of JPOPL and post the aforesaid acquisition, JPOPL would become a wholly owned subsidiary of the Company. JPOPL is engaged in the business of production […]
APL Apollo Tubes said net profit and earnings per share rose by 90% in April-June period. Sanjay Gupta, Chairman said that improved operational efficiencies and along with better product mix resulted in higher margins. Although the overall sales increased by 13% to 1,127.5 cr. Net Profit was Rs 41.4 cr. EPS rose to Rs 17.68 […]
Larsen and Toubro has been chosen as one of the partners to implement the smart city project in Nagpur which is said to be India’s first integrated smart city, said the company. The announcement came after a letter of intent was handed over by Devendra Fadnavis, Chief Minister of Maharashtra to company representatives at a […]
Sun Pharma profits soared fourfold due to growth in sales and proportionally lower expenses compared to the previous year. The net profit after tax stood at Rs. 2,033.71 crores as compared to Rs. 555.9 crores the previous year. Lower material cost and better liquidation of work in progress goods were the major factors for the growth.
Grasim has reported a 64% growth in profit for April-June quarter on strong performance of their Viscose Staple Fibre (VSF) subsidiary. Increase VSF demand and low inventory in China were the major reason for growth, said the company. Cement subsidiary UltraTech’s profit rose to 29% from Rs. 604 crores for the same period the previous […]
The Ministry of Shipping said it is installing solar and wind based power systems at all the Major Ports across the country. It aims to set up 90.64 MW of Solar Energy Capacity at twelve Major Ports and 70 MW of Wind Energy Capacity at four Major Ports by 2017. These major ports have started […]
Ministry of Housing & Urban Poverty Alleviation approved construction of 37,013 cr houses for urban poor in the States of Karnataka and Haryana with an investment of Rs 1,491 cr. An Inter ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita Mukherjee has approved construction of 36,254 houses for economically weaker sections in Karnataka with […]
Rane Holdings reported a 17.2 % growth in profit for the April-June quarter compared to the previous year. The company said the growth across the automotive segments in the commercial vehicles, passenger vehicles and two wheelers contributed the increase in profit. It also benefited by higher volumes in the supply of components to new vehicle models introduced […]
