Varun Beverages Ltd, PepsiCo's largest franchise bottler, has reported a nearly two-fold jump in consolidated net profit to Rs 271.09 crore for the first quarter ended March 2022, driven by volume growth and improved revenue. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 136.75 crore [...]
Mumbai, Apr 29 (PTI) Internet service provider (ISP) Excitel is planning to invest USD 5 million (about Rs 38 crore) in the current year for expansion of its services in the financial capital Mumbai, a top company official said. The company offering broadband services has entered Mumbai, taking its overall network to 29 cities and [...]
Mumbai, Apr 29 (PTI) JM Financial has elevated Sonia Dasgupta as the chief executive of its investment banking vertical.Dasgupta has been associated with the company since 1995 in different capacities and succeeds Adi Patel and Atul Mehra, who were co-heads. She has over 25 years of experience in the investment banking space.Vishal Kampani, non-executive vice-chairman [...]
The government expects to grant approvals to electronic chip makers in the next 6-8 months as it looks to encourage domestic manufacturing of semiconductors, union minister Ashwini Vaishnaw said on Friday. Speaking at the Semicon India-2022 conference here, Vaishnaw said it will be done in "the next 6-8 months". Minister of state for electronics and [...]
The oils to metals conglomerate, Vedanta had announced plans to form a joint venture with Taiwan's Foxconn to support Prime Minister Narendra Modi's plans to make India a semiconductor manufacturing hub, in February this year. The company is seeking various incentives and 1000 acres (405 hectares) of free land from states for its $20 billion [...]
Bengaluru, Apr 29 (PTI) Union Minister Ashwini Vaishnaw on Friday said the country is already manufacturing electronic goods worth USD 76 billion and is on the way to reaching USD 300 billion. He also said developing a semiconductor industry is not a sprint but a marathon and that the government is for it. "We are [...]
New Delhi, Apr 29 (PTI) Guar gum prices on Friday gained Rs 32 to Rs 12,528 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery traded higher by Rs 32 or 0.26 per cent at Rs 12,528 [...]
New Delhi, Apr 29 (PTI) Guar seed prices on Friday rose by Rs 22 to Rs 6,343 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery increased by Rs 22 or [...]
New Delhi, Apr 29 (PTI) Crude oil prices on Friday rose by Rs 23 to Rs 8,060 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 23 or 0.29 per cent at Rs 8,060 per barrel in 6,972 [...]
New Delhi, Apr 29 (PTI) Auto components maker Varroc Engineering Ltd (VEL) on Friday said it is selling its four-wheeler lighting systems operations in the Americas and Europe to France's Compagnie Plastic Omnium SE for 600 million euros (over Rs 4,830 crore). The divestment is part of VEL's strategy to align its resources with the [...]
New Delhi, Apr 29 (PTI) Electric two-wheeler maker Hero Electric on Friday said it had zero dispatches to dealers in April, hit by the ongoing global semiconductor shortage that led to stoppage of production. The company experienced extreme chip shortage and supply chain constraints, Hero Electric said in a statement. The automotive industry is still [...]
New Delhi, Apr 29 (PTI) French spirits major Pernod Ricard witnessed a strong growth of 19 per cent in the Indian market in March quarter on the back of a "solid premiumisation" in its portfolio. Some of its key brands such as Royal Stag, Blenders Pride and 100 Pipers had a very dynamic performance in [...]
Ranked No. 2 for Affordable and Clean Energy and No. 6 for Water Usage and Care category CHANDIGARH, India, April 29, 2022 /PRNewswire/ -- In a monumental achievement, Shoolini University has emerged among the top 200 global universities in the Times Higher Education (THE) Impact Rankings 2022. The prestigious rankings, announced on Wednesday night by [...]
Sonipat, April 29, 2022: The 6th edition of the Jindal Internship Fair, organised by the Office of Career Services (OCS) at the O.P. Jindal Global University, was an incredible success with over 200 organisations participating in the 5-day fair including 19 organisations which visited the campus for conducting the recruitment process. The fair attracted more [...]
Mumbai, Maharashtra, India & Kampala, Uganda– Business Wire India Merck Foundation, the philanthropic arm of Merck KGaA Germany has launched the Second Episode of their first-ever TV program – ‘Our Africa by Merck Foundation’ on Saturday, 23rd April 2022 on KTN, Kenya and Sunday, 24th April on NTV, Uganda. The theme for the Second Episode [...]
Brisbane, Apr 29 (The Conversation) The world's richest man, Elon Musk, seems set to purchase the social media platform Twitter for around USD 44 billion. He says he's not doing it to make money (which is good, because Twitter has rarely turned a profit), but rather because, among other things, he believes in free speech. [...]
Goa, India – Business Wire India Venture studio Prototyze has announced the launch of Report Yak (www.reportyak.com), a specialised communication-design company focused on creating corporate reports. The corporate reporting function of businesses globally, is growing in compliance-related complexity. Additional frameworks and standards of disclosure are constantly being mandated by regulators around the world. And the [...]
New Delhi, Apr 29 (PTI) The government may not auction spectrum frequency range between 27.5-28.5 gigahertz and leave it for satellite services, according to official sources. The Telecom Regulatory Authority of India (Trai) had recommended a base price for this frequency range and suggested that it can be used for both mobile as well as [...]
