Industry

Lok Sabha election 2019 results: Top news broadcasters rake in the moolah with ad breaks

Traditionally, counting day programming airs with limited ad breaks and some channels run editorial content continuously for four-six hours.

Lok Sabha election 2019 result will be declared on May 23, 2019. (Representational photo) News

Jet Airways’ overseas rights to be allotted to other carriers

According to a senior government official, all major scheduled airlines, except AirAsia India, have requested the ministry to allot the international routes among them so that the capacity lying idle

Jet was the largest scheduled operator in India accounting for 13.8% market share in international operations during FY18. News

Jammu and Kashmir Bank Q4 net rises 7-fold to Rs 215 crore

Jammu and Kashmir Bank on Wednesday reported a seven-fold year-on-year (y-o-y) increase in net profit to Rs 214.80 crore in the March quarter, led by strong operational performance.

Jammu and Kashmir Bank Q4 net rises 7-fold to Rs 215 crore (Website image) News

Indian Bank Q4 net loss at Rs 190 crore

Chennai-based Indian Bank has reported a Rs 190-crore net loss for the fourth quarter against a net profit of Rs 132 crore in the corresponding quarter last fiscal, owing to higher provisioning for ba

Indian Bank Q4 net loss at Rs 190 crore News

Karur Vyasa Bank net up 19% to Rs 60 crore in Q4

Signalling pressure on the asset quality, the gross NPA of the bank increased to 8.79% from 6.56% while net NPA went up to 4.98% from 4.16%. The provision coverage ratio stood at 56.86%, said a statem

Karur Vyasa Bank net up 19% to Rs 60 crore in Q4 News

Manappuram Finance Q4 profit jumps 28% to Rs 214 crore

Gold loan NBFC Manappuram Finance on Wednesday announced a 28% year-on-year increase in standalone net profit for the three months to March.

Manappuram Finance Q4 profit jumps 28% to Rs 214 crore News

Analyst corner: PVR’s Q4 Ebitda was in line with expectations

Q4FY19 Ebitda was in line with expectations as relatively strong movie content aided 25% jump in footfalls (37% occupancy vs. 31.5% y-o-y; highest in last 16 qtrs), driving strong performance across s

Analyst corner: PVR's Q4 Ebitda was in line with expectations News

Magma Fincorp Q4 profit at Rs 85 crore, driven by higher disbursements

Magma Fincorp on Wednesday reported a consolidated net profit of Rs 85.2 crore in Q4FY19, a 6.6% year-on-year growth. The profits rose on account of a 7.6% increase y-o-y in its total income and a fal

Magma Fincorp Q4 profit at Rs 85 crore, driven by higher disbursements News

Central Bank of India Q4 net loss at Rs 2,477 crore

Central Bank of India on Wednesday reported a net loss of `2,477 crore in the March quarter of FY19, owing to a high provisioning burden of Rs 4,734 crore.

Central Bank of India Q4 net loss at Rs 2,477 crore News

Mobile-first approach: UPI transaction values beat cards in every month of Q4

UPI usage shot up exponentially between March 2018 and March 2019, with monthly transaction volumes growing 4.5 times to 799.54 million over the year. While in its initial days, UPI usage was being dr

In January 2019, the value of UPI transactions stood at Rs 1.09 lakh crore (Representational image) News

Jet Airways crisis: SBI Caps, Darwin discuss unsolicited bid for grounded airlines

A State Bank of India-led consortium of lenders had in April initiated the sale process of the airline. Abu Dhabi-based Etihad Airways, the National Infrastructure and Investment Fund, private equity

Jet Airways crisis: SBI Caps, Darwin discuss unsolicited bid for grounded airlines News

Grofers raises $200 million from SoftBank and others; valuation of online supermarket pegged at $520 million

Online supermarket has so far raised about $441.8 m; new investor KTB also participated in the latest funding round.

Grofers raises $200 million from SoftBank and others; valuation of online supermarket pegged at $520 million News

Jubilant FoodWorks Q4 net rises 8.6%, driven by same-store sales growth of Domino’s Pizza

Jubilant Foodworks, the company behind Domino’s Pizza and Dunkin’ Donuts, posted a 8.63% year-on-year increase in net profits to Rs 73.94 crore for the quarter ended March 31, 2019, driven by high

Jubilant FoodWorks Q4 net rises 8.6%, driven by same-store sales growth of Domino's Pizza News

Proxy advisory firms at odds over JSW Steel employee benefit scheme

Under the Samruddhi Plan 2019, permanent employees in the grade L01 to L15 can buy equity shares of the company from open market by availing a loan provided by a ‘lending agency’. The interest the

Proxy advisory firms at odds over JSW Steel employee benefit scheme News

Westlife Development posts single-digit same-store sales growth in Q4

Westlife Development (WDL) posted a single-digit same-store sales growth (SSSG) of 5.6% y-o-y in the three months to March. This comes after five consecutive quarters of double-digit growth and a high

Westlife Development posts single-digit same-store sales growth in Q4 (Website image) News

French dairy giant Lactalis to spend Rs 50-60 crore per year to beef up infra facilities

French dairy major Lactalis, after making a mark in the Indian market with three acquisitions, will be investing Rs 50-60 crore every year to beef up the infrastructre related to procurement and proce

French dairy giant Lactalis to spend Rs 50-60 cr per year to beef up infra facilities News

Murugappa group posts 18% growth in its profit to Rs 2,880 crore

The Murugappa group has reported a 18% growth in its profit to Rs 2,880 crore for the fiscal ending March 31, 2019 as compared to Rs 2,432 crore in fiscal 2018, led by listed entities such as Cholaman

Murugappa group posts 18% growth in PAT News

Mahindra Partners invests Rs 206.5 crore in NDCFS giving exit to Matrix Partners

As part of the transaction, the promoters have further invested Rs 20 crore. As a result, a total of Rs 226.50 crore has been invested by Mahindra Partners and the promoters of NDCFS in the transactio

Mahindra Partners invests Rs 206.50 cr in NDCFS giving exit to Matrix Partners News

Problem of plenty: Maharashtra sugar millers looking for more warehousing space

Following a record production of 107.19 lakh tonne of sugar, Maharashtra now faces a problem of plenty. Since warehouses are packed to the hilt, sugar millers are now forced to store their stocks in s

With monsoon approaching next month, it is important for sugar mills to store the sweetener carefully so that the stocks do not get spoilt News

Smart factory solutions can help automate 80% of manual processes: President and CEO, Global Panasonic Factory solutions | Interview

The SMT automation business is the largest contributor to our smart factory solutions. Owing to the push given to the phased manufacturing in smartphones, the industry as well as Panasonic’s SMT pro

Hiroyuki Aota, president and CEO, Global Panasonic Smart Factory Solutions News

Xiaomi expands retail footprint in India – From Mi Home to Mi Express Kiosk

The Chinese device maker is expanding its offline network through Mi Stores, Mi Homes, Mi Studios and now, Mi Express Kiosks

Xiaomi recently opened its 1000th Mi Store in Rewari, Haryana. News

Honeywell Prosound speakers review: Superior sound, appealing design

The ProSound speakers are meant for hotels, malls, multiplexes, amphitheatres, educational institutions, auditoriums and clubs.

Honeywell, a leading player in connected building technology, has marked its entry into the professional audio industry with a range of speakers—Honeywell ProSound. News

SAT sets aside Sebi’s order against Piramal Ent, others in insider trading control lapses case

The tribunal noted that "Sebi is the watchdog and not a bulldog" and if there is an infraction of a rule, remedial measures should be taken in the first instance and not punitive measures.

Industry News

Cyclone Fani: Vodafone Idea says revived 90% of network in 10 storm-hit districts of Odisha

"It has already completed connecting 9 blocks in the district. Stocked fuel and DG (diesel-fuelled generators) sets are being used to run the sites at a time when power supply is unavailable," the com

Industry News

Central Bank of India Q4 loss widens to Rs 2,477 crore on high provisioning

Central Bank of India said it raised up to Rs 212.54 crore by allotting shares to staff under the Employees Stock Purchase Scheme, pending allotment of shares.

Banking & Finance News

Soon, block spammy robocalls on your phone

Three-quarters of the U.S. Senate back legislation to provide regulators and law enforcement authorities the additional tools to prevent illegal robocalls and punish robocallers.

Industry News

Taco Bell signs Burmans as India master franchise, eyes 600 outlets in 10yrs

The expansion plans for Taco Bell in India have been timed to ride on the growing awareness of Mexican food among consumers here, she further said.

Industry News
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