Titan’s festive quarter sales hit by protests in various parts of the country
“Sales in all divisions in the second half of December were also impacted to some extent due to forced store closures due to the protests in the North East and in many other parts of the country,” the company said in a stock exchange filing on Saturday.
Consumer goods’ festive sales hit a four-year high
Companies say sales aided by pent-up demand, buoyant stocks and 0% interest schemes.
HCL Q3 net up 17%, raises revenue growth outlook
HCL paid $1.8 billion for the acquisition, which included 5,000 customers globally.
What is strategic sale? How is it different from disinvestment?
It looks highly unlikely that the disinvestment target will be met in the current fiscal. The next Budget for 2020-21, to be presented on February 1, will have another target for disinvestment. So, what exactly is a strategic sale and how is it different from disinvestment.
Renew Power seeks $300 million in bond sale
Rating agency Fitch has given a ‘BB-’ to ReNew’s proposed issue.
Vu grows television sales in India in FY20, open to selling stake
Vu has also exited the basic television range in India. However, Saraf said by value the company will either hold onto its 2018-19 revenue of Rs 1,000 crore or may report slight grow since television prices have dropped last year across the range due to drop in global panel prices.
PMC Bank scam: HC sets up panel for sale of HDIL assets
The court said the committee shall first value and sell the encumbered properties of HDIL and if there is any shortfall towards repayment of dues, then the properties owned by Wadhawans shall be sold.
Housing sales across 9 major cities drops 30% in Q3
Compared to 91,464 units sold during the quarter last year, only 64,034 homes were sold across the nine markets in Q3 this year.
Slump sale awaits Abhijeet, lenders may lose Rs 1,200 crore
Unlike a sale of an asset as a going concern there are no values assigned to individual assets and liabilities of a company in a slump sale.
Mindtree brings in Talent from Genpact, Infosys
Mid-tier IT services provider Mindtree has hired top talent from Genpact and Infosys and is looking to hire sales talent particularly in digital technology areas in the United States. Mindtree also brought in Vijay Ram as VP and head of technology & media in October who was previously Associate Vice President and Global Client Partner at Infosys.
Canara Bank calls off Can Fin Homes stake sale
In June, Canara Bank had received board approval to sell part or entire 29.99 per cent stake in the subsidiary.
Spike Lee becomes first black president of Cannes jury
Lee said he was "honoured to be the first person of the African diaspora" chosen for the prestigious position.
Family buyers drive multiple purpose vehicles sales up amid slowdown
Led by a series of new launches, the multiple purpose vehicles (MPV), or family cars, are back. The segment registered 35% growth in 2019 to 2.2 lakh units, with cars priced between Rs 6 lakh and Rs 25 lakh. By contrast, most segments of the automotive market contracted, often in double digits. So, the share of MPVs in India has risen from 5% to 8%.
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