INDIAN NEWS & TIMES

Sunday, June 25, 2017

 J.D. Power, a marketing, consumer intelligence, and data and analytics company that helps its clients measure, understand, and improve the key performance metrics that drive their growth and profitability, found from its 2016 India Initial Quality (IQS) Study that customers in India have ranked the Volkswagen Polo highest in the premium compact car segment. The J.D. Power study measured problems that owners experienced with new vehicles during the first two [...]

Categories: Business

Fiat Chrysler Automobiles (FCA) India today announced the opening of pre-bookings for its Made in India Jeep® Compass in Mumbai. To pre-book the Sports Utility Vehicle (SUV), interested customers can either log in to the company’s official website or visit the nearest FCA or Jeep-exclusive showroom and place a pre-booking amount of Rs. 50,000. Interested customers in Delhi, Gurugram, Noida & Greater Noida can reach out to Landmark Jeep located at [...]

Categories: Business

BTVi – Business Television India, India’s Premier English Business News Channel is coming up with a new edition of ‘Women Mean Business’.  The show will exclusively feature powerful women role models who are leaders in their respective domains. The prime focus of this show and its subjects are reaffirming and addressing women empowerment, providing viewer’s a revolutionary perspective of women’s achievements in different verticals. Through this show, the channel aims to [...]

Categories: Business

Minister of Food Processing Industries Smt Harsimrat Kaur Badal today addressed a Joint Press Conference with the organizers of ANUGA – an international business platform for Food Industry to be held in Cologne, Germany. She also signed the Memorandum of Understanding for Participation in the ANUGA Exhibition with Ms Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (Organizers of ANUGA). Minister of Food Processing Industries said that it was an [...]

Categories: Business

Millbrook Group has today announced an ambitious expansion of its Test World site in Finland, which will see it become Europe’s leading location for tyre testing. The project will increase the capacity for testing on natural snow and ice, and introduce wet and dry braking, aquaplaning and split friction surfaces. Customers can already test tyres and vehicles on natural snow at Test World twelve months of the year. The site [...]

Categories: Business

India’s largest luxury car maker, Mercedes-Benztoday further strengthened its footprint in the financial capital, by inaugurating its revamped world-class 3S dealership. Shaman Wheels’ latest luxury car destination is located in the heart of the city at Kalina, Santa Cruz, which is conveniently connected to all parts of Mumbai. The planned location will majorly cater to localities in Santa Cruz, BKC, Kurla, Chembur and Ghatkopar. The luxurious 3S dealership was inaugurated [...]

Categories: Business

Robert Bosch Engineering and Business Solutions (RBEI)and GVK Emergency Management and Research Institute (GVK-EMRI) signed a Memorandum of Understanding (MoU)today to provide emergency call (eCall) services across India. eCall from Bosch is a centralized emergency response handling systemcovering all major public safety answering points that include the hospital, police, and fire.The priority will be to mobilize quick response in severe accidents or life-threatening situations on the road. The eCall service [...]

Categories: Business

Kotak Mahindra Bank announced the launch of ‘811 – Upload a Tree’ initiative wherein the Bank would plant a sapling in the name of the first 10,000 customers who download an 811 bank account from June 5, 2017 – World Environment Day. The Bank has partnered with SankalpTaru Foundation to plant saplings in housing complexes across eight cities including Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. Under this [...]

Categories: Business

Intel has engaged Strategy Analytics as a partner in the preparation of this report to validate the hypothesis that a “Passenger Economy” based on pilotless vehicles is on the horizon and that it holds massive economic potential. In assessing this opportunity, Strategy Analytics and Intel aim to start a conversation that explores the catalysts for change, frames the value or economic opportunity, and begins to build use cases that can [...]

Categories: Business

True Balance, India’s leading mobile balance management service app  has recorded a 100 percent increase in monthly sales from recharge service fees . The app has received a tremendous response in the recharging frequency on its platform post the launch of ‘One-click Recharge’ feature announced earlier in the year. The one-click recharge feature facilitates easy phone bill payments for users at the click of a button.  True Balance who raised [...]

Categories: Business

With the announcement of GST rates for most goods and services post GST Council’s meeting on 18th May, India has reached another step closer to nationwide implementation of GST. Most of the GST rates announced so far have a neutral impact on the indirect tax burden for the industry. GST Impact on Paints Sector The GST rate for paints and varnishes has been set at 28%, higher than the indirect taxes [...]

Categories: Business

th year of operation, ECGC took a custom er friendly step by reducing the premium rate by an average 17% for its whole turnover policy covers. The average rate of premium under short term exporters’ business has come down from 28.19 paise per Rs.100 during Financial Year (FY) 2015-16 to 25.46 paise per Rs.100 during FY 2016-17, thus reducing the transaction cost for making exports competitive. ECGC is a premier Export Credit [...]

Categories: Business

The leading luminaries of the corporate world are set to congregate at The Economic Times India Leadership Council. ILC, India’s most exclusive peer group initiative instituted to bring in the industry leaders together to work towards a common objective of heralding a wave of “Change” in country’s business environment. Scheduled to be held on 9th June’17 at the Taj Mahal Palace Hotel in Mumbai, the India Leadership Council perceives coming [...]

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Bridgestone India Pvt. Ltd., subsidiary of the world’s largest tyre and rubber company, Bridgestone Corporation today announced that its fuel efficient and eco-friendly tyre range, ECOPIA EP150 is the original equipment (OE) fitment for the all New Maruti Suzuki Dzire – India’s best-selling sedan designed for the young, aspirational and “indulgence seeking” customers. “We are proud to announce our original equipment fitment for ECOPIA tyres with the newly launched Maruti [...]

Categories: Business

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said:“The sustained strong revenue growth ahead of the industry is a reflection of the significant investments we have made in the recent years on acquiring and building differentiated IP and Platforms for our focus industry verticals of Retail, Distribution,Travel and Software solutions. \This has helped us to emerge as a preferred and strategic Platformation partner for our [...]

Categories: Business

Manappuram Finance Ltd. has reported outstanding results for the fiscal year 2016-17. Net profit for the year ended March 31, 2017 more than doubled to Rs 755.85 crore (increase of 113.9 percent) compared to Rs. 353.36 crore reported in FY 2015-16. Operating income for the year stood at Rs. 3,387.69 crore, higher by 43.5 percent in comparison to Rs. 2,360.23 crore recorded in the previous fiscal year. Profit before tax [...]

Categories: Business

India’s most accredited pharmaceutical wholesaler, GNH India has successfully imported a life-saving medicine called  Olaratumab  (trade name Lartruvo) that is now available through official import channels. It is a monoclonal antibody developed by Eli Lilly and Company for the treatment of solid tumors. It is directed against the platelet-derived growth factor receptor alpha. The cost of each injection is approximately Rs. 1,72,500. Dr Piyush Gupta, Associate Director, GNH India commented, “GNH India has always believed that everyone should have [...]

Categories: Business

“We reiterate our Underweight stance on the Indian Pharma sector.  Steep price erosion in simple generics in USA, tough stand by US FDA on compliance and non-approval to new filings and the appreciating INR are major headwinds for the industry.  The shift to complex generics will be a long process, which will require change in top level mindset, capital commitment and R&D focus. In the interim, companies will have to [...]

Categories: Business

Ruchira Papers, manufacturer of Kraft Paper and Writing & Printing Paper,today declared its financial results for the fourth quarter and full year ended March 31, 2017. The company reported Net Profit of Rs. 9.26 crore for Q4FY17, up by 130.02%, as compared to Rs. 4.03 crore in the corresponding quarter of last fiscal. The PAT margin stood a healthy 8.07%, as compared to 4.49% in Q4FY16. Total Income for the [...]

Categories: Business

Reckoned for its many firsts in the industry, Raymond Limited – India’s leading Textile and Apparel conglomerate, launched India’s first branded Khadi label – ‘Khadi by Raymond’ at a grand event in Mumbai. This mega launch witnessed the august presence of Hon’ble Minister of State (MSME) Shri Giriraj Singh as the Chief Guest and Ms. Sumitra Kulkarni Gandhi, granddaughter of Mahatma Gandhi as the Guest of Honor. Other honorary guests [...]

Categories: Business