Fintech company Jai Kisan partners with KVGB to help rural customers
Jai Kisan is bridging the need for innovative, practical and tech-driven solutions to deploy financial services in a sustainable, cost-effective and scalable manner in rural India.
Consumer goods companies need to revisit business models post Covid-19 to withstand future disruptions: EY India study
Amid changing dynamics...
Karnataka wants private companies to build big industrial parks in bid to boost manufacturing
Only companies with expertise in developing est...
Nissan to commence third shift at factory to cater to demand for SUV Magnite
Nissan currently has the capacity to roll out 2,700 units of the Magnite every month. The company is preparing to manufacture 3500-4000 units of the vehicle every month, depending on supplies made by vendors.
High cost of production delays recovery of secondary steel companies
CARE reported that India’s top six integrated steel producers (ISPs) together produced 5.9 mt of crude steel out of the total 9.2 mt in November, up 7.5% on year. By contrast, the output at smaller players fell 6%.
Catering to consumers in coronavirus times, IRDAI pushes new products, easier KYC norms
IRDAI was quite prompt in announcing measures that made protection products easily available to all amid the pandemic. Industry expects the regulator will keep up the tempo in 2021 as well.
IRCTC OFS closes; govt to mop up Rs 4,374 crore
The promoter had proposed to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15% stake.
IRCTC plunges 13% as two-day OFS kicks off
Following the development, the stock fell 13.16 per cent to hit a low of Rs 1,405 on BSE. The stock, however, recovered some lot ground later.
Stocks in the news: TCS, IRCTC, Maruti Suzuki, Snowman Logistics and RBL Bank
Maruti Suzuki India said it will increase prices of its vehicles from January to offset the adverse impact of rising input costs.
Govt to sell 20% stake in IRCTC via OFS, to raise Rs 4,374 crore
Through the OFS, the government has proposed to sell 2.4 crore shares, constituting 15% paid-up share capital of the company, with an option to sell an additional 80 lakh shares or 5% stake in case of demand.
Agro Tech Foods to diversify portfolio to cater to post-pandemic demand
Led by increase in in-home consumption amid the pandemic which has forced people to stay indoors, Agro Tech Foods’ ready-to-cook business grew 55 per cent by volume and 50 per cent by value in the first six months of the present financial year.
Card parties, Diwali bashes, catering, banquets see big slump in business this festive season
Many states have restricted social gatherings to 200 people. Some including Maharashtra are stricter and have capped that number at 50, leading to large-scale cancellations during the party season.
Stock market news: IRCTC shares drops over 2%
Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 2.37 per cent down in trade at 12:06PM on Tuesday.
IRCTC Q1 results: Company reports net loss of Rs 25 crore due to lockdown
During the quarter, train operations came to a virtual standstill with the government allowing just a few trains to run that too in later stages of lockdown. The action heavily affected the company's earnings.
TajSATS Air Catering Limited appoints Manish Gupta as CEO
Puneet Chhatwal, MD and CEO of IHCL and chairman of TajSATS, said: “This is in line with our commitment to recognize and develop talent from within the organization. We are delighted to welcome Manish Gupta on board and believe he is best suited to take brand TajSATS to the next level."