Detel’s TV & Accessories now available at Walmart Stores

Detel, the economical Feature Phone, TV and Accessories brand has tied up with Walmart India stores to sell its range of products in the Indian market. According to a company release, Detel is moving beyond its traditional route of reaching out to its customers. Right from tapping communities like Dabbawala, to opening its exclusive stores and now by associating with the giant retail brand like Walmart, Detel aims at making its products easily available across the country. The objective is to strengthen its foothold across metros as well as in…

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NTPC reports over 6 percent jump in revenue in H1 FY20

Domestic public sector power major NTPC has reported total income of Rs 48,177.04 crore in H1, FY 20. This marks a growth of 6.29 percent as against last year’s corresponding period figure of Rs 45,325.94 crore.  In Q2 FY20, total income stood at Rs 23,658.23 crore as against 22,485.96 crore in the same quarter last year. During H1 FY20, NTPC generated 130.14 Billion Units with its coal stations achieving a Plant Load Factor of  69.04% as against National Average  of 57.87%. Profit before tax was Rs 6,660.11 crore in H1…

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Amara Raja Batteries reports highest ever quarterly profit

Amara Raja Batteries, India’s leading Industrial and Automotive Battery major (BSE: 500008 & NSE Code: AMARAJABAT) has reported a revenue of Rs 1695.31 crores in Q2 FY 20 (Rs 1753.05 crores) with a growth of (3%) and profit after tax (PAT) of Rs. 218.85 crores (Rs 120.23 crores). This represents the highest ever profits reported in a quarter by the company. Both automotive and industry battery businesses have recorded healthy volume growth during the quarter barring Automotive OE segment. The demand for AMARON and POWER ZONE brands in registered significant uptick in replacement market…

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Bridgestone India to join EMEA SBU

Global tyre major Bridgestone has announced that from 1 January 2020, its India business will fall into the EMEA Strategic Business Unit (SBU), transferring from the China Asia-Pacific SBU. As a result, Bridgestone Europe, Russia, Middle East and Africa (BSEMEA) will become Bridgestone Europe, Russia, Middle East, India and Africa (BSEMIA), one of four SBUs globally, alongside Bridgestone China Asia-Pacific, Bridgestone Americas, and Bridgestone Japan. The integration of Bridgestone India into EMEA comes as a result of Bridgestone EMEA’s ongoing transformation capitalising on the opportunities digitalisation offers to pioneer mobility solutions…

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5 key trends driving Indian logistics’ growth

(By Aditya Vazirani, CEO, Robinsons Global Logistics Solutions)   The focus of the Indian government over the past few years has been on accelerated growth through improved bilateral trade and foreign investment policies. India has garnered tremendous goodwill and become a global brand for trade development, thanks to the proactive government initiatives. According to a study conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM), the logistics and supply chain market in India is expected to grow and reach USD 307 billion by the year 2020, recording a…

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Maiden ‘BIMSTEC Ports’ Conclave’ in Vizag

The first edition of ‘BIMSTEC Ports’ Conclave’ will be held at Visakhapatnam in Andhra Pradesh on   7-8 November 2019. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an International Organization involving a group of countries in the South Asia and South East Asia namely, Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The Ports’ First Conclave of BIMSTEC nations is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.  The Conclave will also discuss on various investment opportunities,…

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Maiden ‘BIMSTEC Ports’ Conclave’ in Vizag

The first edition of ‘BIMSTEC Ports’ Conclave’ will be held at Visakhapatnam in Andhra Pradesh on   7-8 November 2019. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an International Organization involving a group of countries in the South Asia and South East Asia namely, Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The Ports’ First Conclave of BIMSTEC nations is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.  The Conclave will also discuss on various investment opportunities,…

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Urgently needed HR Executive

Location: Bangalore Recruitment Executive Skill requirement: 4+yrs exp in recruitment through job portal, headhunting, social media & cold calling. Technical know how and IT recruitment experience preferred. Job Description: Source, interview, and select applicants for technical positions. Meet with hiring managers to determine job duties. Write job descriptions. Match applicants to job openings. Source for future job openings. List job postings on job boards, social media, corporate career web sites, and other possible channels. View applications & call applicants and perform phone screens. Have applicants come in for formal interviews.…

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‘India First’consideration to drive future trade deals, says Piyush Goyal

Two days after India refused to become the signatory of the Regional Comprehensive Economic Partnership (RCEP) treaty in Thailand, Union Minister of Commerce and Industry & Railways Piyush Goyal while addressing a press conference in Delhi assured that India will never finalize any trade agreement in a hurry. During trade negotiations the focus will be on India first, he maintained. Goyal asserted that India’s economic interests and national priorities come first and the concerns of the farmers, dairy sector, MSMEs and domestic manufacturing will be addressed and these sectors will be…

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TCI Express reports nearly double-digit revenue growth in Q2

TCI Express, a leading player in the domestic express distribution business, has reported 9.3 percent revenue growth in the second quarter of the current fiscal. According to a company release, revenues  from operations shot up to Rs. 271 crores in Q2 FY2020 from Rs. 248 crores in Q2 FY2019. The company saw its  EBITDA margin growing by 15.1 percent – Rs. 32 crores in Q2 FY2020 as against Rs. 28 crores in the corresponding period last year.Commenting on the performance, Chander Agarwal, Managing Director, said: “The margin improvement was attributable to operational efficiency and better working capital management.We also expanded our geographical presence and opened 15 new branches in the quarter.” During the quarter, the company kickstarted two new sorting centre projects at Gurgaon and Pune. Construction of the new 2 lakh sq.ft. sorting centre at Gurgaon and 1.5 lakh sq.ft. sorting centre at Pune are expected to be completed by end of the current fiscal year with commercial operations projected to begin fromQ1 FY2021.

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