Geeta Nair

Bajaj Finance PAT grows 57% in Q4 despite challenging conditions faced by NBFCs

Bajaj Finance Ltd (BFL) has reported another strong quarter with its highest ever quarterly profit after tax, which grew 57% y-o-y to Rs 1,176 crore during Q4FY19 despite challenging conditions faced by NBFCs.

Bajaj Finance PAT grows 57% in Q4 despite challenging conditions faced by NBFCs (Website image) News

Branded bouquests blooming on the shelves of modern retail

The concept of modern malls in India has been slow in catching up with the trend of stocking flowers. The trade has been traditionally reserved for road-side vendors.  

Industry News

Glenmark halves price of anti-diabetes drug

Globally, SGLT2 inhibitors are emerging as a preferred treatment for management of type-2 diabetes but in India the SGLT2 drug had total sales of Rs 574 crore in three years because of its high cost, said Alok Malik, SVP, pre

Industry News

Persistent Systems sets in motion changes to bring bak firm in higher growth bracket

Chairman and managing director Anand Deshpande said weak growth was more due to internal structure than external market conditions and growth was coming back in the market, and there were enough opportunities in the market.

Industry News

Bank of Maharashtra back in black with Rs 72 crore profit in Q4

Now that the bank is out of PCA, it will be looking at growing advances to quality corporates, retail agri and the MSME sector.

Banking & Finance News

KPIT takes fresh guard with focus on mobility, auto tech solutions

KPIT has no worries about competition from other IT players offering automotive engineering solutions as Pandit said 90% of the business they do is mechanical while 90% of the business KPIT does was in electronics.

kpit, auto sector, auto industry News

Bajaj Qute hits Indian roads after a six-year battle

Bajaj Auto MD Rajiv Bajaj showcased the quadricycle in 2012 but could not sell these in the Indian market and had to fight hard for gaining acceptance for this category.

After a six-year battle, Bajaj Qute hits Indian roads News

Kia Motors brings brand experience centre to India from South Korea

Kia Motors India is setting up an experience centre in Gurgaon as it seeks to make Indians familiar with the Kia brand and wants them to learn more about Kia cars. The centre will be called Smart Beat.

Kia Motors brings brand experience centre to India from South Korea News

To fund SME sector, EFL to issue green masala bonds

This is India’s first green masala bonds issued by a private sector non-banking finance company, said Shilpa Pophale, MD, EFL. EFL has issued green masala bonds of $10 million to responsAbility-managed Global Climate Partne

To fund SME sector, EFL to issue green masala bonds News

Alstom is executing 37% of India’s 473-km CBTC projects: MD Alain Spohr

Alstom will equip Mumbai Metro lines and Pune Metro lines with the communications-based train control (CBTC) technology.

Industry News

Big bank theory: Axis Bank eyes big branch expansion to catch up with HDFC Bank, ICICI

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

Banking & Finance News

Govt panel seeks probe in Pune Metro tender

MMRCL is a special purpose vehicle equally owned by the government of India and the government of Maharashtra.

Pune Metro News

Tony Fernandes looks to replicate success of Air Asia in financial services space

BigPay has already got 3 lakh users on the platform and has become the fifth largest app in Malaysia in the first year of operation.

tony fernandes air asia, air asia, bigpay News

IBM enters blockchain universe with World Wire payments network

Local regulations will continue to guide activation and IBM is actively growing the networks and they can join the network is free.

ibm india, ibm blockchain, ibm blockchain platform, News

India shines in Tokyo: FlyBase start-up wins NTT Data global innovation contest

Globally 401 start-ups from 18 countries had participated in Open Innovation Contest this year to put their best of qualities to test and pitch before NTT and other Japanese companies.

drones, start up sector, start up industry, india, japan News

Kirloskar Brothers mark completion of 100 years with celebration in Pune

The Kirloskar journey started with selling bicycles in 1888, manufacturing a chaff-cutter indigenously in 1901 and an iron plough in 1903, followed by the incorporation of Kirloskar Brothers in 1920.

ratan tata, Kirloskar News

Credit Suisse headcount in India hits 14k, bank plans to make country hub of global tech

India has become the second largest location for the bank in terms of number of employees after Switzerland.

Markets News

Healthcare tech: Improving cancer treatment outcomes with digital tech

In phase-I, the joint venture intends to launch its products and services in UAE, India and South Africa and in phase-II it would expand the offerings to rest of Asia, Europe and rest of Africa.

Industry News

Funding startups: Canada’s Wesley Clover starts India fund

Alacrity India Startup Fund is providing seed funding for idea-stage and accelerator-stage start-ups.

Industry News

PMRDA’s bond issue plan brightens with Icra ‘AA+’ rating

Work on the first of these townships, Hitech City in Mahalunge, Near Hinjewadi, has taken off and it will have six crore square feet of built-up area.

Markets News

Pune metro: Tata JV bags Rs 2,283 crore tunneling projects

The Tata joint venture (JV) with Turkish company Gulermak, Gulermak-Tata Projects Ltd JV, has bagged the tunnelling projects for the underground section of the Pune Metro Rail project.

Industry News

Logistics Foray: Morgan Stanley picks majority stake in KSH infra for Rs 350 crore

KSH and Morgan Stanley would together invest in developing another 4 million sq ft by 2020.

morgan, morgan stanlay News

‘Caringly Yours’: Bajaj Allianz unveils new brand identity with a new tag line

In a bid to change the perception about insurance companies among customers and go beyond policies, premiums and claims, Bajaj Allianz General Insurance Company has unveiled its new brand identity with a new tag line ‘Carin

bajaj, bajaj allianz News

Bajaj Allianz ties up with TCS, Infosys

This includes core platform and increasing digitalization, he said. They were looking at improving efficiency, speed to market, flexibility, he said. This will be a long process but the shift has started and it will take five

Markets News

Pune to build 71 km of light rail transit to overcome traffic woes

For Bengaluru, the Karnataka government has proposed a 42-km LRT project.

Infrastructure News

Toxic air: Delhi air quality can improve with BS-VI norms, Ujjwala scheme

ARAI director Rashmi Urdhwareshe and TERI director-general Ajay Mathur made the study public at the SIAT automotive show in Pune. Data was collected from 20 locations with nine of them in Delhi and 11 in NCR.

delhi air quality, delhi pollution, News

Skoda invests Rs 2000 crore in tech centre to develop India-specific products

Skoda and Volkswagen Group will invest 250 million euros (Rs 2,000 crore) in research and development projects in India.

skota, volswogen News
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