INDIAN NEWS & TIMES

Wednesday, November 22, 2017

The global cheer may continue to provide the Indian market some more reason to stay elevated. The rupee gained strength and ended at a two-week high on Tuesday against the US dollar. While the outlook is a positive start, indices are expected to remain in a range for a while. The triggers ahead are the results of Gujarat elections and the RBI policy. No surprises are likely but the market [...]

Categories: Business

Ras Al Khaimah Economic Zone (RAKEZ) today said that they have received an overwhelming response from Indian industries to set up their units and facilities at Ras Al Khaimah Economic Zone in the UAE.This will provide a huge competitive edge they believe, to the Indian companies to compete with international markets as the cost of operations on set up as Ras Al Khaimah Economic would be reduced anywhere from 25 to [...]

Categories: Business

As part of the strategy to consolidate their top position in Indian textiles industry, the promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills. The acquisition of OCM, which manufactures apremium range of high-quality all-wool and wool-blended worsted suiting fabrics, will enable the Donear Group to expand its range of products to Indian consumers for all weather conditions and for all occasions. In a win-win deal, [...]

Categories: Business

The New India Assurance Company Limited, India’s largest general insurer declared impressive financial results for the second quarter FY 18. The Company recorded a PAT of 748.27 Cr for Q2FY18, an increase of 187.52% as compared to Rs.260.24 crores in the corresponding quarter of last year. The increase in profitability was contributed to by significant improvement in the Combined ratio which dropped to 112.57% in th e quarter as compared [...]

Categories: Business

Ather Energy, today announced the appointment of Karan K. Punjabi as the Head of Finance. Karan’s appointment is in continuation to the addition of senior talent across functions at Ather over the past few months, as it prepares to commence production and delivery of the S340. Karan is a Chartered Accountant and brings with him over 12 years of rich corporate finance experience. In his previous role, he was Chief [...]

Categories: Business

The digital revolution has impacted almost everything in the world, which we can think of. Travel industry has seen a complete change the way people plan their travel. Prior to the millennium, we had traveller’s visiting a local travel agent’s offices to plan their vacation. In the new millennium, we saw a change with increase in the destination content available on the internet and also growing population of online travel [...]

Categories: Business

LANXESS India Private Limited, the leading specialty chemicals company has taken another major step towards creating a sustainable environment in & around Nagda by undertaking three projects as part of its Corporate Social Responsibility. The company signed a memorandum of understanding with the Nagda Municipal corporation wherein it committed to undertake the maintenance of overhead water tank in Mehatwas, development & maintenance of Nagda municipal garden and installation of solar [...]

Categories: Business

UBM India, India’s leading exhibition organizer, brought in the 12th edition of Food ingredients India & Health ingredients (Fi India & Hi), the most comprehensive B2B show in the Indian Sub-Continent for food and health ingredients, processing and packaging industry today in Mumbai at the Bombay Convention and Exhibition Centre. The three day trade expo (9th – 11th November ) was inaugurated by key dignitaries —  Mr. R.. B. Smarta, [...]

Categories: Business

MAS Financial Services Limited reports Assets under Management (AUM) of ` 3474.02 Crore and half yearly profit after tax of `48.13 Crore- A Growth of 41.71% over corresponding period of previous year. The profit after tax for Q2 is Rs. 25.09 crore – A growth of31.82% over corresponding period of the previous year. The Board of Directors of MAS Financial Services Limited in their meeting held today took on record [...]

Categories: Business

Mr. Ajay Piramal, Chairman, Piramal Enterprises Ltd., “We continue to consistently deliver excellent set of results quarter after quarter. The Company announced 29% growth in revenues to Rs.2,536 Crores and 25% increase in net profit to Rs.384 Crores for the second quarter of FY2018. Our loan book continued to grow at an impressive pace at 69% to Rs.33,261 Crores, simultaneously maintaining a healthy asset quality. The company also successfully raised [...]

Categories: Business

PPAP Automotive Limited (PPAP), a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts, today declared its financial results for the second quarter and half year ended September 30, 2017. The company reported Net Profit of Rs. 9.21 crore for Q2FY18, up by 65.65%, as compared to Rs. 5.56 crore in the corresponding quarter of last fiscal. Total Income for the quarter ended September 30, 2017 stood at [...]

Categories: Business

AU SMALL FINANCE BANK LTD. has announced its financial performance for the second quarter ended September 30, 2017. Commenting on Q2FY18 financial and operating performance, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said,“Following the rapid and seamless transition from NBFC to banking operations, we have now established the operating base that we believe is poised to deliver sustainable growth over several years by bringing the benefits of [...]

Categories: Business

UBM India, India’s leading exhibitions orgniser will host the 9th edition of its flagship international exhibition and conference, India Nuclear Energy (INE) for the Civil Nuclear Energy sector, on November 9 –10, 2017, at Nehru Centre, Worli, Mumbai. This is the only expo exclusively dedicated to supporting and promoting the civil nuclear energy industry in the country. INE 2017 is co-organised by DAE (Department of Atomic Energy) and supported by NPCIL (Nuclear Power [...]

Categories: Business

Commenting on the results, Mr. Jonathan Hunt, Chief Executive Officer –   Syngene International Limited said, “We are pleased to report a second consecutive quarter of accelerating revenue growth, closing Q2 FY18 at Rs 352 Cr, up by 10% over last year. Our chemical development as well as dedicated center verticals continue to put up sustained performance and drive our growth. We also made good progress in the quarter on our [...]

Categories: Business

Brand Bajaj from Pune holds the 9th position in the list of India’s Most Attractive Brands. KTM DUKE bike brand stands at 99 while household electrical brand SYSKA LED is at 155 rank. Automobile brand FIATis positioned at 203 rank. The fourth in itsseries, India’s Most Attractive Brands Report 2017 (MAB), has highlighted the country’s top 1000 brands based on attractiveness, as per consumer perceptions based on a primary research [...]

Categories: Business

Specialty chemicals company LANXESS is expanding its portfolio of halogen-free, flame-retardant compounds based on polybutylene terephthalate (PBT) and polyamide (PA 6, PA 66). “In terms of properties and processing, our new materials are on par with, or even superior to, their counterparts containing halogen-based flame retardance packages. We believe that sales of these products will benefit in the future from global trends, such as Industry 4.0, electromobility and digitally networked [...]

Categories: Business

The Fi India & Hi trade show, UBM India’s most comprehensive B2B show in the India sub-continent for the food and health industry, will take place at the Bombay Exhibition Centre in Mumbai, India from Thursday, November 9th to Saturday – November 11th 2017. Fi India & Hi offers the industry an opportunity to source high quality ingredients, network with industry professionals, learn the latest industry trends & innovations, and expand the market share. The [...]

Categories: Business

The annual showcase of beverage, dairy and liquid food processing industry, drink technology India is all set to take place in New Delhi for the very first time from October 26 to 28, 2017 at Pragati Maidan exhibition center. The trade fair will now take place every year to capture the high growth potential markets across India. Originally, dti 2017 was planned for just one exhibition hall at the Pragati [...]

Categories: Business

J. Kumar Infraprojects Ltd. (JKIL) has been adjudged as the Second Fastest Growing Construction Company (Small Category). In an event held recently in Mumbai Construction World felicitated JKIL at the Construction World Annual Awards 2017. JKIL’s company’s selection is a prestigious accomplishment as the mathematical model drawn up by Construction World, covers financial figures of companies in this industry, for the past five years. The winners that emerge through this [...]

Categories: Business

Aggregating the fragmented diagnostic sector of the country, four nations joined forces to launch India’s first global Pathology Laboratory Consortium- Neuberg Diagnostics- today in Bangalore. Founded by the renowned healthcare entrepreneur, Dr. G.S.K.Velu, the international alliance brings together leading laboratories from India, Sri Lanka, South Africa and UAE under one umbrella, making it one among the top laboratory chains of the country from the day one of its inception, both [...]

Categories: Business