Business, Companies, 1st Aug 2019, News & Stories from India

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Business Companies 01 Aug 2019

Business, Companies, 01 Aug 2019

Prior to this role, Raghavan served as Vice-President Marketing of Asia Pacific Division of Colgate-Palmolive

Colgate-Palmolive appoints of Ram Raghavan as its Managing Director

Raghavan replaces Issam Bachaalani, who will move to another role within the company.

01 Aug 2019 5:05 PM

Scooter sales were down 11.59 per cent to 1,05,199 units from 1,18,996 units in the year-ago month.

TVS Motor July sales down 13 pc at 2,79,465 units

Total exports declined 3.11 per cent to 69,994 units last month as compared with 72,242 units in July 2018.

01 Aug 2019 3:37 PM

According to a rough estimate, one rake can move 1.4 million tonne of coal per annum," the company said.

Coal India to spend Rs 700 cr to procure 40 rakes

The Maharatna PSU's board has given the green signal to procure 40 rakes at nearly Rs 700 crore.

01 Aug 2019 3:03 PM

The company had posted net income (attributable to equity holders of the parent) of USD 1.865 billion in the year-ago period.

ArcelorMittal reports USD 0.447 billion net loss for June quarter

The company said its gross debt was at USD 13.8 billion as of June-end this year.

01 Aug 2019 1:04 PM

The scrip tanked 10 per cent to Rs 110.95 -- its lower circuit limit as well as its 52-week low -- on BSE.

Coffee Day Enterprises shares tank another 10 pc; hit lowest trading for 3rd day

In three days, the shares have fallen by over 42 per cent on the BSE, eroding Rs 1,723.16 crore from its market valuation.

01 Aug 2019 12:50 PM

Reliance’s negotiations with China’s Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation. (Photo: ANI)

Amazon in talks to buy stake in India's Reliance Retail: Report

Amazon was planning a foray into the burgeoning online food delivery business in India this year.

01 Aug 2019 12:02 PM

Paytm E-commerce, the parent firm of Paytm Mall, has issued preferential shares on private placement basis to e-Bay.

eBay buys 5.5 per cent stake in Paytm Mall for USD 160 million

With this round, Paytm Mall has raised about USD 805 million in total funding across three rounds.

01 Aug 2019 10:50 AM

The department looks to open one crore accounts for IPPB in 100 days.

India Post Payments Bank to be converted into small finance bank

India Post will partner with Common Service Centre to provide a suite of citizen centric services such as banking, remittance.

01 Aug 2019 10:23 AM

The company, however, does not give out country-specific numbers.

Apple bounces back in India, logs double-digit growth in Q3

Apple clocked 1 per cent year-on-year growth in revenue at USD 53.8 billion for the quarter ended June.

01 Aug 2019 10:06 AM

218 graduated engineers of the 2015-2019 batch received their degrees.

MEC College of Engineering organises its second convocation ceremony

The convocation was held in the MEC Campus at Bahadurpally, Hyderabad, which was graced by Hon’ble Governor of Maharashtra.

01 Aug 2019 9:46 AM

As an employee benefit platform, Vantage Circle creates awards that are conferred on employees for various career accomplishments.

Vantage Circle wins USD 20 mn contract for its employee rewards

The winning of the contract marks the entry of Vantage Circle into North America and have recently opened up its offices in New York.

01 Aug 2019 9:38 AM

Coffee Day appoints Interim Chairman

The board has also appointed Nitin Bagmane, one of the earliest investors in Café Coffee Day, as the firm’s Interim Chief Operating Officer.

01 Aug 2019 1:23 AM

The government is likely to fill the vacancies at the top deck in Life Insurance Corporation (LIC) of India. The Department of Financial Services (DFS) under the Ministry of Finance (MoF) will soon begin interviews to select two Managing Directors, out of five probable candidates, for the country’s largest public sector life insurer. (File Photo)

LIC to have 2 new MDs, interviews soon

According to a top ministry source, the probable candidates have been short-listed for the positions and the interviews would be held shortly.

01 Aug 2019 1:21 AM

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Shobhaa De