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BUSINESS

JK cement reports 55% rise in Q4 net profit

JK cement has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a rise of 55.49% in its net profit at Rs 149.97 crore for the quarter ended March 31, 2019 as compared to Rs 96.45 crore for the same quarter in the ... Read More »

Nestle India forays into organic food segment

Nestle India has forayed into the organic food segment, in line with its innovation strategy at bagging new consumer opportunities and to strengthen its food and nutrition portfolio. The company will launch three products under this category which comprises an organic variant of Ceregrow. Nestle India is a subsidiary of ... Read More »

KPR Mill forays into domestic retail market with FASO brand

KPR Mill has entered the domestic retail market with FASO (Fashion Adapted Sustainable and Organic) brand of inner wear and athleisure products. The products will be made in-house. KPR Mill is a garment exporter, as well as a vertically integrated apparel company. It is engaged in manufacturing and marketing readymade ... Read More »

Shree Cement reports 20% fall in Q4 net profit

Shree Cement has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a fall of 19.61% in its net profit at Rs 320.95 crore for the quarter ended March 31, 2019 as compared to Rs 399.24 crore for the same quarter in the ... Read More »

Thomas Cook launches no cost EMI-powered innovative ‘Holiday Basket’

Thomas Cook (India) has launched Holiday Basket – an innovative EMI-powered holiday solution, offering Indian travellers inflation-proof credit based holidays. The company’s data reveals an upwards of 30% demand from young travellers between the age group of 25-35 years, who believe in instant gratification even in travel and through the ... Read More »

Bank of Baroda looking to rationalise 800-900 branches

Bank of Baroda is considering the option of rationalising 800-900 branches across the country to improve operational efficiency, following its merger with Dena Bank and Vijaya Bank. The merger of Dena Bank and Vijaya Bank with BoB became effective from April 1, 2019. The bank needs to expand in eastern ... Read More »

Hulst B.V. acquires stake in NIIT Technologies

Hulst B.V. has acquired 18,848,118 equity shares (with face value of Rs 10 each) of NIIT Technologies, on May 17, 2019. After this acquisition, the entity’s stake in the company has increased from 1.14% to 31.65%. NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, ... Read More »

Lyka Labs calls off merger of Lyka Exports with itself

Lyka Labs has decided to not go ahead with the merger of Lyka Exports with itself which was earlier proposed with effect from April 01, 2017 by the Board of Directors. The Board of Directors of the Company at its meeting held on May 18, 2019 has decided the same. ... Read More »

Zen Technologies zooms on the BSE

Zen Technologies is currently trading at Rs. 74.00, up by 4.40 points or 6.32% from its previous closing of Rs. 69.60 on the BSE. The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 76.00 and Rs. 72.00 respectively. So far 3025 shares were traded ... Read More »