The company reported strong earnings for Q3 FY17 with revenue increasing 41.9 percent at Rs 1,389 crore versus Rs 979 crore in corresponding quarter last fiscal. Profit was up at Rs 108.6 crore from Rs 43.2 crore in year ago period.
Future Group will become debt free in less than 4-5 years and has completed the reorganisation of businesses and is working towards strengthening the balance sheet to grow faster.
Analysts believe an overall 10-15 percent cuts in costs is likely for all take-offs from Delhi. This may be followed by similar news in Mumbai and Chennai.
In the past few months, the consensus has been that the stressed asset recognition phase is over for India banks and it was time for them to focus on resolution. Indeed, in its last financial stability report, the Reserve Bank of India had projected non-performing assets ratio to come down for the entire banking system.
Those who travel occasionally and for a long duration, single trip travel insurance is an appropriate choice.
Vodafone on XXX announced said that it will be merging its telecom business with Idea Cellular. Vodafone had been in exploratory discusisons with Aditya Birla‘s telecom arm Idea for a merger.
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The Delhi High Court slammed the RBI for opposing the consent terms. It has asked RBI to clarify whether it has the powers to oppose an arbitral award. Also, Delhi HC has raised questions about the automony of RBI, if its opposition arises at the behest of the government.
RPP Infra targets revenue of Rs 1,000 crore by 2020, says A Nithya, whole time director of RPP Infra Projects. The current order book stands at Rs 800 crore which needs to be completed in next two years.
SPML Infra has won multiple orders totalling Rs 250 crore for power and T&D and the margins are likely to be 14-15 percent. The company has bid for projects worth Rs 8,000-9,000 crore in wastewater management across Maharashtra, Gujarat and Delhi.
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Mahindra & Mahindra is no longer just India's leading tractor manufacturer. It’s also the number-one tractor maker globally, by volumes.
The US regulator's warning letter to the drug maker is nothing new. Over the past four years, regulatory woes have been a recurring theme.
Nifty touches all time high on the back of good buying in steel, pharma, bank, realty and FMCG sector
The company had sold 49,729 units in February last year, HMIL said in a statement.
The company was forced to suspend work on the project after the Airport Authority of India placed severe height restrictions on the project, asking it to keep the height of the residential tower at 327 metres against the 163 metres that the company had asked for.
The consortium may recast the debts from two of Jaiprakash Power's projects, the Bina and Nigrie power projects. The total debt from these is over Rs 10,000 crore.
V. Thyagarajan, Manager of Annai Pazhamudhir Cholai, "We have stopped selling videshi brands like Coke and Pepsi since Jallikattu protest. We want to promote local brands."
Navistar, the US-based truck major who had a joint venture with tractor and utility vehicle maker Mahindra & Mahindra, has bagged a contract to supply armoured trucks to the Pakistan Army
Research shows that Indian companies that are into food and dairy products understand the local palate and preferences better than multinational companies. While the MNCs dominate home and personal care segments.
The company's domestic sales stood at 1,20,735 units, up 11.7 percent from 1,08,115 units in February last year, MSI said in a statement.
In an interview with Mint, India Post Payments Bank Chief Ashok Singh said that simplicity is key for its operations.