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BUSINESS

SpiceJet launches 19 more flights from Mumbai

SpiceJet has launched 19 more flights connecting Mumbai with various other domestic destinations, beginning May 04. All the new flights will be operational daily, except the services on the Mumbai-Kochi-Mumbai sector, which will be operational all days except Tuesdays. SpiceJet is among the first private companies that stepped into the ... Read More »

Tech Mahindra launches blockchain technology for telecom sector in India

Tech Mahindra has deployed a cutting-edge solution leveraging Blockchain Technology aiming to mitigate spam calls for telecom sector in India, which is impacting over 300 million mobile subscribers. Tech Mahindra designed the Blockchain solution, constituting more than 25 per cent of the Indian market share, in compliance with the regulations ... Read More »

Dabur reports 6% fall in Q4 consolidated net profit

Dabur India has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 17.18% in its net profit at Rs 414.33 crore for the quarter under review as compared to Rs 353.58 crore for the same quarter in the previous year. Total ... Read More »

MRF reports 15% fall in Q4 net profit

MRF has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a fall of 14.91% in its net profit at Rs 293.83 crore for the quarter ended March 31, 2019 as compared to Rs 345.32 crore for the same quarter in the previous ... Read More »

Radico Khaitan reports 14% rise in Q4 net profit

Radico Khaitan has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 14.21% in its net profit at Rs 39.05 crore for the quarter under review as compared to Rs 34.19 crore for the same quarter in the previous year. Total ... Read More »

IL&FS Transportation defaults on interest payments on various NCDs

IL&FS Transportation Networks has defaulted in payment of the interest around Rs 17.56 crore on various non-convertible debentures (NCDs), because of insufficient funds. IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization ... Read More »

PNB Housing Finance to raise Rs 10,000 crore via NCDs

PNB Housing Finance is planning to raise up to Rs 10,000 crore through the issuance of secured and unsecured non-convertible debentures (NCDs). The company also planning to raise up to $1 billion by way of external commercial borrowings in one or more tranches. The board of directors at their meeting ... Read More »

R Systems International to acquire IBIZ Consultancy Services

R Systems International has received approval for acquisition of 100% shares of IBIZ Consultancy Services India from IBIZ Consulting Pte., Singapore, step down wholly-owned subsidiary. Accordingly, IBIZ Consultancy Services India will become direct wholly-owned subsidiary of the company. The Board of Directors of the company at its meeting held on ... Read More »

Persistent Systems joins Siemens’ MindSphere Partner Program

Persistent Systems has joined Siemens’ MindSphere Partner Program to deliver its Industrial IoT solutions to market. MindSphere is the cloud-based, open IoT operating system from Siemens that connects products, plants, systems, and machines, enabling businesses to harness the wealth of data generated by the Internet of Things (IoT) with advanced ... Read More »

SSWL reports total wheel rim sales of 11.99 lakh in April

Steel Strips Wheels (SSWL) has reported total wheel rim sales of 11.99 lakh in April 2019 against 12.82 lakh in April 2018 representing de-growth of 7% Y-o-Y. The company has achieved gross turnover of Rs 197.22 crore in April 2019 against Rs 211.79 crore in April 2018, there by recording ... Read More »

Godrej Properties purchases new project in Chembur

Godrej Properties has purchased new project in Chembur, Mumbai. Spread across 2.2 acres, this project will offer approximately 33,000 square meters (approximately 0.35 million square feet) of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience. The site is strategically located on the ... Read More »

Tata Motors reports 20% decline in domestic sales in April 2019

Tata Motors’ Commercial and Passenger Vehicles Business sales in the domestic market in April 2019 at 42,577 units witnessed a drop of 20%, as against 53,511 units sold in April 2018, as weak consumer sentiments continued. Tata Motors Commercial Vehicles (CV) Business sales in the domestic market in April 2019, ... Read More »

Hero MotoCorp reports sales of 574,366 units in April

Hero MotoCorp has reported sales of 574,366 units of motorcycles and scooters in the month of April 2019. Despite the challenging market conditions, the company registered over 7.8 million unit sales in the recently concluded financial year 2019. Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The ... Read More »

Amit Spinning Industries commences trial production at factory

Amit Spinning Industries has started the trial production at its factory located at Sangawade, Kolhapur Hupari Road, Kolhapur, in the state of Maharashtra. Amit Spinning Industries is engaged in the manufacture of cotton yarn. The company’s vision is to become a world class organization. The company is also in the ... Read More »

TVS Motor Company reports 12% rise in two-wheeler sales in FY19

TVS Motor Company has reported 11.6% growth in two-wheeler sales during the year ended March 2019. The company’s two-wheeler sales including exports stood at 33.67 lakh units registered in the year 2017-18 to 37.57 lakh units in the year 2018-19. Motorcycle sales during the fiscal year grew by 15% increasing ... Read More »