Publication: Financial Chronicle

First reported 6 hours ago - Updated 20 mins ago - 1 reports

ICVL buys Rio Tinto’s coal assets in Mozambique for $50 million

International Coal Ventures (ICVL) — a joint venture among Steel Authority of India, Coal India, Rashtriya Ispat Nigam, NMDC and NTPC — on Wednesday finalised the acquisition of Rio Tinto’s 2.6 billion tonnes coal assets in Mozambique for $50 million ... [Published Financial Chronicle - 6 hours ago]
First reported 6 hours ago - Updated 51 mins ago - 1 reports

Dr Reddy’s net jumps 52% on generics sale

Backed by strong growth in the US and Indian generics, drugmaker Dr Reddy’s on Wednesday posted 52 per cent profit growth for the June quarter at Rs 550 crore against Rs 360 crore in the prior year quarter.The company clocked a topline of Rs 3,517.5 crore, ... [Published Financial Chronicle - 6 hours ago]
First reported 7 hours ago - Updated 4 hours ago - 1 reports

Amazon commits $2b more to India

Amazon on Wednesday said the company plans to invest around $2 billion to fund its rapid growth. The announcement came just a day after Flipkart, India’s largest e-tailer, raised fresh $1 billion funds in a bid to aggressively scale up expansion. Competition ... [Published Financial Chronicle - 7 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 1 reports

Godrej LOCKSS focusing on design, appearance and finish

Godrej as a brand has always been known for the durability of its products. But, with changing market trends and customer preferences, the company has come to realise that durability alone, as a USP, won’t take it far, especially in the locks business. ... [Published Financial Chronicle - 5 hours ago]
First reported 6 hours ago - Updated 6 hours ago - 1 reports

US Fed action can trigger rupee volatility: analysts

With the US Federal Reserve looking certain to press forward with its plan to wind down its bond-buying stimulus, Indian currency experts feared that the move would trigger volatility in the rupee.The rupee on Wednesday ended slightly stronger at 60.05 ... [Published Financial Chronicle - 6 hours ago]
First reported 6 hours ago - Updated 6 hours ago - 1 reports

CESC net up 15%, appoints BCG to draw future roadmap

The RP Sanjiv Goenka Group-owned power flagship CESC has appointed Boston Consulting Group (BCG) to draw up its future roadmap, chairman Sanjiv Goenka revealed after the company’s annual general meeting on Wednesday.BCG is expected to come up with a detailed ... [Published Financial Chronicle - 6 hours ago]
First reported 6 hours ago - Updated 6 hours ago - 1 reports

Long-term debt funds good option for small investors

The asset under management (AUM) of debt mutual funds in the Indian mutual fund industry stands at Rs 7.60 lakh crore, which constitutes roughly 80 per cent of the industry’s total assets. A vast majority of the debt fund schemes are short term in nature, ... [Published Financial Chronicle - 6 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

Coal black market may weigh in @60 mt a year

Every night, about 30 tractors loaded with coal arrive at the edge of a forest in eastern India. A fleet of trucks, engines and lights switched off, is waiting to ferry the cargo to the country’s biggest black market for the fuel in Varanasi.Stolen coal ... [Published Financial Chronicle - 7 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

LIC booked profit in bull run, exited banks, auto

Life Insurance Corporation of India (LIC), the largest domestic institutional investor, has booked profit in several frontline stocks in the recent bull run in the market. It has trimmed stake in a large number of Sensex and Nifty companies in the April-June ... [Published Financial Chronicle - 7 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

FIIs favour equities for 11th month running

Foreign portfolio investors (FPIs) continued to pour dollars into domestic equities for the 11th consecutive month in July, equaling a recent record of continuous inflows for 11 months between July 2012 and May 2013.With Rs 13,286.85 crore inflows in ... [Published Financial Chronicle - 7 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

Gates Foundation backs sanitation projects

The Bill & Melinda Gates Foundation along with the UK department of international development has decided to use part of its $1.5 million grant towards developing innovative sanitation solutions in India.The Centre for Environmental Planning and Technology, ... [Published Financial Chronicle - 8 hours ago]
First reported Jul 29 2014 - Updated Jul 29 2014 - 2 reports

Prism Cement Q1 net profit at Rs 13.24 crore

Prism Cement today reported Rs 13.24-crore net profit for the April-June quarter on higher sales and margins from the construction raw material.The Mumbai-based firm, which is also into tiles (TBK) and ready-mix concrete (RMC), had clocked Rs 47.87 crore ... [Published Financial Chronicle - Jul 29 2014]

Quotes

...the common impression is that an e-commerce company does not have to hold inventory, Amazon is providing warehouse facilities to its vendors. "In the past one year, it has been investing in back-end, vendors, logistics, building categories and warehouses" adds Technopak's Singh
"We are very disappointed that India has taken a step back from its agreements that it made in December (last) at the WTO" visiting US Commerce Secretary Penny Pritzker told PTI during an interaction here
"Market breadth was marginally negative but volumes were higher than the last session" said Rakesh Goyal, Senior Vice President, Bonanza Portfolio
"The focus should be on getting big IT companies," he says. "They should start operations even with 150-200 people in the initial phases. The ITIR project also spans this region. The outer ring road is already operational. Then there is a plan for a regional ring road with a radius of about 70 km. With these plans, the eastern part of Hyderabad is poised for a leap.”"

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Godrej LOCKSS focusing on design, appearance an... [Published Financial Chronicle - 5 hours ago]
US Fed action can trigger rupee volatility: ana... [Published Financial Chronicle - 6 hours ago]
Long-term debt funds good option for small inve... [Published Financial Chronicle - 6 hours ago]
CESC net up 15%, appoints BCG to draw future ro... [Published Financial Chronicle - 6 hours ago]
Dr Reddy’s net jumps 52% on generics sale [Published Financial Chronicle - 6 hours ago]
ICVL buys Rio Tinto’s coal assets in Mozambique... [Published Financial Chronicle - 6 hours ago]
FIIs favour equities for 11th month running [Published Financial Chronicle - 7 hours ago]
Coal black market may weigh in @60 mt a year [Published Financial Chronicle - 7 hours ago]
LIC booked profit in bull run, exited banks, auto [Published Financial Chronicle - 7 hours ago]
Amazon commits $2b more to India [Published Financial Chronicle - 7 hours ago]
Mytrah earmarks $100,000 seed capital to back s... [Published Financial Chronicle - 8 hours ago]
Labour law changes can boost women employment i... [Published Financial Chronicle - 8 hours ago]
HTC to hire 10,000 in 5 years, opens 4th centre [Published Financial Chronicle - 8 hours ago]
Gates Foundation backs sanitation projects [Published Financial Chronicle - 8 hours ago]
Let the tiger breathe in its natural home [Published Financial Chronicle - 10 hours ago]
Disappointed with India's blocking WTO trade de... [Published Financial Chronicle - 14 hours ago]
Sensex rebounds 96pts to reclaim 26K mark [Published Financial Chronicle - 15 hours ago]
SMEs raise Rs 63 cr via IPOs in April-June quarter [Published Financial Chronicle - 15 hours ago]
Hyderabad-Warangal corridor to spur growth [Published Financial Chronicle - 16 hours ago]
PM calls for linking farms to labs [Published Financial Chronicle - 16 hours ago]
Nifty falls for third session; L&T plunges [Published Financial Chronicle - 18 hours ago]
SmartPeople: Lady Gaga, Hugo Chavez, Linda Rons... [Published Financial Chronicle - 18 hours ago]
SmartTRAVEL: Perth, Scotland [Published Financial Chronicle - 18 hours ago]
Gold loan NBFCs set sights on small, payments b... [Published Financial Chronicle - Jul 29 2014]
Mahindra World City SEZ bags IGBC Stage I certi... [Published Financial Chronicle - Jul 29 2014]
Reporting option contracts on notional basis gi... [Published Financial Chronicle - Jul 29 2014]
How Ulip scores over others as a better investm... [Published Financial Chronicle - Jul 29 2014]
Settlement fund copes with all-time high F&O tu... [Published Financial Chronicle - Jul 29 2014]
Flipkart raises $1b funding in scale-up bid [Published Financial Chronicle - Jul 29 2014]
Tatas line up $35b capex in ambitious 3-year plan [Published Financial Chronicle - Jul 29 2014]
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