Moody’s Analytics, a division of global ratings firm Moody’s, has warned that the current government at the center needs to start delivering on its reform promises as business confidence is starting to dip. The firm also warned that meddling in Reserve Bank of India’s powers to manage interest rates could have a bearing on India’s […]
Great Online Homes Festival (GOHF), co-organized by Magicbricks, Google and Group M, generated property sales worth Rs 300 cr and more than 500 bookings, organizers said. A total 9 million page views and 4000 coupons were generated, Magicbricks said. Speaking on the occasion, Mr Sudhir Pai – CEO, Magicbricks, said, “The successful conclusion of GOHF […]
Maruti Suzuki DZire, India’s best-selling entry sedan for last three years, has attained the 10 lakh (1 mln) cumulative sales mark this month, its maker said. Launched in 2008, Maruti Suzuki DZire has been a category leader and has helped Maruti Suzuki strengthen its presence in the entry sedan segment. Despite not so great looks, […]
Global drinks player International Beverage Holdings Limited (IBHL), a wholly-owned subsidiary of Thai Beverage Public Limited Company, has launched a portfolio of its four select premium spirits in the Indian market. The company has entered with three of its finest single malt scotch whiskies; Old Pulteney, Balblair and Speyburn and a super-premium Scottish gin; Caorunn […]
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 […]
NIIT has launched its remote or e-learning service in China, with support for Mandarin. China is one of NIIT’s biggest markets, and Cloud Campus is a solution that enables remote learning. The solution enables students to learn from the best teachers irrespective of their geographical location. They can also get hands-on practice through lab exercises […]
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 […]
All the mobile web traffic sacrificed by Flipkart seems to be paying off, at least in terms of getting users to install the company’s app. According to Nielsen’s latest survey based on real-time mobile data across 8,000 handsets in the country, Flipkart’s mobile app is present on 35% of all phones checked and was the […]
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, […]
SpiceJet today reported a net profit of Rs 71.8 cr for Q1FY16, an improvement of Rs 195.9 cr relative to the net loss of Rs 124.1 cr for the same quarter last year. On a revenue base of Rs 1,106.3 cr for the quarter, this translates to a net margin of 6.5%. The company is […]
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 […]
Dish TV India Limited (Dishtv) reported a 19.2% increase in first quarter revenue to Rs. 7,367 million (Rs 736.7 cr), and PAT of Rs. 54.2 cr compared to a loss of Rs 15 cr in the previous year. Subscription revenues rose 20.6% to Rs. 6,828 million. EBITDA margin recorded at 32.1% compared to 25.3% in the corresponding quarter […]
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 […]
