Arvind Limited, one of the largest integrated textile and branded apparel players has recorded 10% growth in the consolidated revenue at Rs. 1406 crores for the quarter ended 31st March 2013, as against Rs.1278 crores in the corresponding quarter of the previous year. Consolidated EBIDTA is up by 54% at Rs. 203 crores as against [...]
The company has earmarked a massive budget of Rs. 25-30 crores for the acquisition! Soulflower, the booming lifestyle brand that started almost a decade ago is all set to acquire an FMCG distribution company with a PAN India network. With this acquisition, the brand which has its presence in over 140 modern retail format stores [...]
Continue reading …CNBC TV18, India’s leading English business news channel, has launched a new series, ‘Rules of the Start-Up Game’, for start-up entrepreneurs who have a business idea but little clue about how to put it to work. This 5-6 part mini-series looks at the many legal and financial choices that entrepreneurs have to make to get their [...]
Continue reading …Sanghi Industries Limited, Gujarat’s leading cement manufacturer, posted a 234% jump in net profit to Rs 41.9 crore for the third quarter ended March 31, 2013 as against a net profit of Rs 12.5 crore for the same quarter in previous financial year. Net sales in current fiscal’s Q3 was at nearly the same level [...]
Continue reading …HomeShop18, India’s leading virtual commerce business, announced that it has entered into an agreement with funds managed by OCP Asia Ltd. (OCP Asia) & Network18 to inject a fresh round of growth capital. OCP Asia will invest USD 15 Million into the company, matched by an equal contribution from Network18. The transaction values HomeShop18 at [...]
Continue reading …G4S Cash Solutions (India) Pvt. Ltd. today showcased its specialised cash solution and bullion logistics service – the Cash Van. The launch was a part of the “Leveraging Innovative Security Solutions for Banks and Financial Institutions” event organized at the Sofitel Hotel in Mumbai. The event was organised by Security Watch India (SWI) in association with [...]
Continue reading …Giving away gold coins to over 750 Western Union Money Transfer SMrecipients across India in its ‘Gold Rush’ promotion To recognize overseas Indians’ unwavering spirit to send love home, The Western Union Company (NYSE:WU), a leader in global payment services, announced today the launch of its ‘Gold Rush’ promotion to give away gold coins to [...]
Continue reading …Mahindra Rural Housing Finance Ltd. (MRHFL), a subsidiary of Mahindra & Mahindra Financial Services Ltd. (MMFSL), renewed its commitment to extend housing finance to customers in rural India, as it joined Business Call to Action (BCtA), a global initiative that encourages private sector efforts to fight poverty, supported by several international organizations including the UN [...]
Continue reading …Results 2012 2011 Change Turnover HK$ million 99,376 98,406 +1.0% Profit attributable to the owners of Cathay Pacific HK$ million 916 5,501 -83.3% Earnings per share HK cents 23.3 139.8 -83.3% Dividend per share HK$ 0.08 0.52 -84.6% The Cathay Pacific Group reported an attributable profit of HK$916 million for 2012 – [...]
Continue reading …Gujarat International Finance Tec-City (GIFT City), Gujarat government’s most ambitious project is well on its way to develop India’s first International Financial Services Centre (IFSC) after chief minister Shri Narendra Modi inaugurated the state’s tallest tower GIFT One recently. There is a clear interest in moving into GIFT City from various financial institutions because of [...]
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