Blue Star aims to corner around 15 per cent share of the residential air conditioner market in terms of value as the cooling products maker expands its product portfolio and distribution network, its Managing Director B Thiagarajan said on Wednesday. The company is witnessing a pick up in the markets of West and South regions [...]
Infosys on Wednesday said it has extended collaboration with data and analytics company LexisNexis to provide information services across their range of content, enterprise and product applications. Infosys will provide LexisNexis end-to-end strategic IT services across multiple business domains that include their global content systems, global business systems and product development, according to a statement. [...]
Yes Bank on Wednesday said it has reported a credit growth of 11.3 per cent at Rs 2.01 lakh crore for the March 2023 quarter. The outstanding credit was Rs 1.81 lakh crore at the end of March 31, 2022, Yes Bank said in a regulatory filing. The lender registered a 12.9 per cent growth [...]
Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, is expecting over 30 per cent growth in revenue in the just-ended fiscal 2023, the company said on Wednesday. However, it has estimated subdued growth in the fashion business, due to consumers tightening their wallets on discretionary spending. "The Operating parameters for [...]
Finance Ministry has called a meeting of heads of Public Sector Banks (PSBs) on April 13 to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi. According to sources, the meeting to be chaired by the Secretary would [...]
Digital financial services firm One97 Communications, which operates under the Paytm brand, has recorded 40 per cent growth in gross merchandise value on its platform to Rs 3.62 lakh crore in March 2023 quarter, the company said on Wednesday. The company had recorded a total GMV of Rs 2.59 lakh crore a year ago, Paytm [...]
Leading retailer Reliance Retail has roped in RS Sodhi, the former MD of Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) that markets its products under the Amul brand. Sodhi, a dairy industry veteran, will work with Reliance Retail's fruit and vegetable category of its Grocery division, said an industry source. His presence would help Reliance [...]
Goldman Sachs, which has funded the business and management education of 10,000 women in India, has claimed these beneficiaries have helped create around 12,000 new jobs as well as add Rs 2,800 crore in revenues to the country's economy in the past 18 months. The investment banking major first launched the graduation programme in the [...]
Landslide incidents in the vicinity of hydro projects are not related to the commissioned/under-construction hydropower projects, according to a study. Indian Institute of Remote Sensing (IIRS), Dehradun, has carried out a study on the incidents of landslides in the vicinity of hydro projects and has prepared a report on Landslide Studies in Commissioned / Under [...]
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDS accordingly. In case an employee does not intimate his/her employer about the preferred tax regime, then the employer would be required to deduct TDS from salary income [...]
