A 1052-year old luxury hotel in New York is bought by India’s Sahara Group. The latter company had agreed to buy a controlling stake in the New York’s landmark Plaza Hotel. The cost of this purchase is about $570 million (Approx. Rs. 3150 Crores). The Plaza Hotel is being owned by an Israeli real estate […]
The watch and jewelry major Titan Industries had posted a 9 per cent growth on its new profit for this current fiscal. This is amidst the weak consumer sentiment. According to the company’s managing director, the performance of the company is quite disappointing. Maybe the company is expecting more than this 9 per cent increase. […]
Onjus, which is India’s first packaged fruit juice brand is doing well this fiscal with its new production plant in Sri Lanka. The company that is behind Onjus, Tunip Agro has been quite successful with doing some expansion on its business and in setting up subsidiary. They will be making an investment on this new […]
Online investment these days has become really popular which made some financial services company do their best to be into this market. Among the promoters of online investment services is Wealth India Financial Services which handles the FundsIndia.com platform. It had already raised a total of Rs 20 crore from existing as well as new […]
Good number keeps pouring for Muthoot Capital Services Ltd where it has been reported to gain about 110 per cent in its net profit at Rs 4.93 crore. The net profit that they had in the corresponding period last year was only Rs 2.35 crore. This just shows that the company is really doing well […]
Plans of Star Health and Allied Insurance when it comes to their solvency margin are being materialized in order to meet the companies need. According to their Chairman and Managing Director V Jagannathan, the company will raise about RS 150 crore. This is to increase their solvency ratio from its current percentage which is 1.76 […]
The technology market of India is definitely doing well these days since more and more known companies are leasing acres of office space in Bangalore and Hyderabad. This information was given by some real estate agents. This just indicates that the number of companies that would invest in the technology sector and software sector are […]
Amidst the tough economy, Ambuja Cement still managed to get an increase in their net profit at Rs 469 crore for the quarter that ended June 30. Last year, the company was able to post a net profit of Rs 348 crore and currently, they will able to raise it to Rs 469. Also, the […]
