Zee Entertainment Enterprises Ltd agreed to acquire 100% equity stake in Sarthak Entertainment Pvt Ltd which operates ‘Sarthak TV’, the number 1 GEC in Odia language. “The acquisition shall be from current shareholders of Sarthak Entertainment Private Limited, subject to requisite regulatory approvals, as an all-cash deal at a consideration of maximum of Rs. 115 […]
Zee Entertainment Enterprises Limited reported its first quarter fiscal 2016 consolidated revenue of Rs 13,399 million, up from 10,551 mln a year ago. Advertising revenues for the quarter were Rs 7,799 million, recording a growth of 25.4% over Q1 of last year. Excluding sports business which is event led, advertising revenues growth was in mid […]
Godrej Properties Ltd said it has transferred majority ownership in a special purpose unit developing an 18-acre plot in Kanakapura to Shubh Properties Cooperatief U.A. — a joint venture between APG Groep N.V., Sparinvest Property Investors and Godrej Properties Ltd.. The plot was acquired by Godrej Properties (in association with Dutch pension services provider APG) […]
Myntra, part of Flipkart, appointed Ambarish Kenghe as Senior Vice President and Head of Product. Ambarish will start working at Myntra’s Bengaluru headquarters by the end of this month and will report to CEO, Mukesh Bansal to scale up Myntra’s product road map. His task at the app-based retailer will include “leveraging the mobile smartphone […]
SpiceJet, India’s No. 2 airline, announced the return of its Re 1 Airfare Sale putting more than 1 lakh tickets at just Rs 1 excluding taxes and fees. “Round-trip purchase is required, wherein the other leg of the journey is at regular fares. This offer is available on select domestic direct (non-stop) flights only, and […]
SpiceJet, India’s No. 2 airline, today announced the return of its Re 1 Airfare Sale putting more than 1 lakh tickets at just Rs 1 excluding taxes and fees. “Round-trip purchase is required, wherein the other leg of the journey is at regular fares. This offer is available on select domestic direct (non-stop) flights only, […]
Coal India Ltd said it has relinquished 170 sq. km out of 224 sq km allocated to it under two licenses for extracting coal in in Tete province of Mozambique. Coal India said the move was the result of study of geological data. “In the 316th Board meeting held on July 04, 2015, on the […]
Quikr, one of India’s top three classifieds provider, today officially launched a new company logo. “The evolution of the company’s brand is also in sync with the evolution of Quikr’s users who have high aspirations, and have increasingly started using Quikr across a variety of categories such as cars, real estate, goods, services and jobs […]
Flipkart, India’s largest online marketplace launched the ‘Seller Advantage Week’—an initiative in an attempt to woo new sellers to its platform. As a part of Flipkart’s national seller campaign, ‘Apne Sapne Jee Kar Dekho,’ this initiative will offer support and guidance to new sellers to kick-start a hassle-free online journey. Sellers who register with Flipkart […]
Ajay Kumar Pandey will take over as Managing Director & Group CEO of Gujarat International Finance Tec-City Company Ltd or GIFT with effect from August 01, 2015. Incumbent head of GIFT, Mr. Ramakant Jha, who has successfully steered this project since November 2009, to make it India’s first global level ‘Smart City’ as well as […]
Rolta Power Pvt. Ltd. and China-based Zhenfa New Energy Science and Technology Co. Ltd. has signed an agreement to build solar parks in India, targeting a capacity of 2 GigaWatt by 2020. “As per the MoU, the partnership enables us to share our revenue with Zhenfa, a win-win scenario for both the companies,” said, Dr. […]
Tata Motors India’s largest commercial vehicle manufacturer opened a new integrated sales, service and spares facility for commercial vehicles in Tumkur near Bangalore, and said it plans to open two more such ‘3S’ facilities in Davangere and Chitradurga in Karnataka. While the Tumkur facility is spread over 6,800 Square Meters, the facility in Davangere is […]
Croma, the electronic retail chain from the Tata group, said it intends to expand its initial steps at integrating its physical stores and its ecommerce website croma.com. The integration would make it possible for customers to seamlessly merge the physical and online operation. As a result, they would not only be able to buy on […]
Certain rules suggested by the government of India for possible inclusion in its upcoming e-commerce policy have drawn opposition from industry bodies. Key among these are the conditions that payment collection, packing and delivery should be made the responsibility of the seller and not the intermediary website (such as Flipkart and Amazon). The Department of […]
NIIT Technologies, an IT solutions organization, reported a revenue increase of 11% for the first quarter over the same period last year, at Rs 641.1 Crores. Operating Profits grew 34.5% over same period last year to rupee104.2 Crores and Profit after Tax expanded 35.5% to Rs 58.5 Crores. “The quarter witnessed robust 8.9% sequential growth […]
With retail inflation inching up contrary to expectations of downward movement, it is time to keep to eye on onion prices which may increase further by 10-15 per cent in the rainy season, according to an ASSOCHAM paper. While onion is selling at Rs 1800-2500 per quintal in different wholesale mandis, the retail vendors are […]
YES Bank, India’s 5th largest private sector Bank, received approval from the Reserve Bank of India to set up International Financial Services Centre Banking Units (IBUs) in Gujarat International Finance Tec City (GIFT). “Establishing the IBU will propel YES BANK’s growth plans further by providing it access to International financial markets, as well as provide […]
Tata Consultancy Services said it has has been selected by digital media company Adobe as a Premier Partner, the highest level of partnership among Adobe’s global ecosystem. “This new partnership enables TCS clients to fully leverage Adobe’s Marketing Platform and its core solutions, allowing them to design and execute customized strategies and integrated marketing campaigns […]
HCL Technologies Limited (HCL) said it has entered into a definitive agreement to acquire certain assets of privately held Trygstad Technical Services Inc. (“Trygstad”), a US based provider of IT consulting services & solutions in an all cash deal. The size of the deal was not revealed. Trygstad Technical Services Inc. is a niche company […]
BSE said it has issued advisory letters to 530 companies regarding levy of fines for non-compliance with the said provision within the prescribed timelines. The notices were sent following a circular by Securities and Exchange Board of India. SEBI, via its circular dated April 8, 2015 had prescribed the schedule of fines to be levied […]
