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BUSINESS

Voltas launches new brand store in Bokaro

Voltas has launched its new Brand Store — Global Electronics — in Bokaro’s premier shopping area, City Centre, Sector 4. The brand store features a well-designed and visually appealing display of new range of Voltas Beko & Voltas’ products, comprising of Refrigerators, Washing Machines, Microwaves, Dishwashers, Air Conditioners, Air Coolers, …

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Ambuja Cements reports 9% growth in cement volumes in Q3 2018

Ambuja Cements has reported around 9% growth in cement volumes during Q3 2018, backed by a favourable demand trend. The company’s net sales increased to Rs 2,522 crore from Rs 2,284 crore in the same quarter of the previous year. Ambuja Cements is engaged in manufacturing and marketing of cement …

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TCS partners with Intel to further secure Quartz blockchain solutions

Tata Consultancy Services (TCS) has partnered with Intel to integrate Intel Software Guard Extensions (Intel SGX) technology with the Quartz Blockchain solution, to further enhance the privacy and security of blockchain based ecosystems implemented using Quartz. Privacy and security have been two of the biggest concerns for organizations looking to …

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Tata Metaliks’ Q2 net profit jumps 42%

Tata Metaliks has reported results for second quarter ended September 30, 2018. The company has reported 41.67% rise in its net profit at Rs 47.53 crore for the quarter under review as compared to Rs 33.55 crore for the same quarter in the previous year. Total income of the company …

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SpiceJet reports passenger load factor of 93.2% in September

SpiceJet has reported the Passenger Load Factor (PLF) of 93.2% during the month of September 2018. The company had reported Passenger Load Factor of 93.6% during the month of August 2018. The PLF is a key indicator of the company’s performance, as it measures the average percentage of seats filled …

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BSE to launch weekly F&O contracts on Sensex 50

Bombay Stock Exchange (BSE) is all set to launch weekly futures and options contracts on S&P BSE Sensex 50 index with effect from October 26, 2018.The exchange will introduce 7 weekly futures and options contracts expiring on every Thursday of the week, excluding monthly expiry week. In case Thursday is …

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JSW Steel acquires 60% stake in DMMPL

JSW Steel has acquired an aggregate of 60.004% of the share capital of Dolvi Minerals and Metals Private (DMMPL), a company engaged in the business of acting as traders, whole-sellers and retailers in all forms of metallic and non-metallic minerals, which includes coal and lignite, coal products and iron steel …

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Infosys’ arm collaborates with R3 for blockchain solutions

Infosys’ fully owned product subsidiary — Infosys Finacle, part of EdgeVerve Systems and R3 has partnered to collaborate on blockchain solutions. This partnership will enable banks to easily access and deploy Finacle’s blockchain solutions on Corda, R3’s open-source blockchain platform. Finacle will initially have two solutions available on the Corda …

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Aksh Optifibre commissions FRP manufacturing facilities in China

Aksh Optifibre has successfully commissioned its FRP manufacturing facilities in China. With this, the company is on the verge of completing all its announced capex, except Dubai Optical Fibre plant, which is also due to get completed within the stipulated timeframe. Aksh Optifibre is engaged in the production of a …

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Bajaj Corp reports 1.85% rise in Q2 net profit

Bajaj Corp has reported results for second quarter ended September 30, 2018. The company has reported 1.85% rise in its net profit at Rs 51.65 crore for the quarter under review as compared to Rs 50.71 crore for the same quarter in the previous year. Total income of the company …

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