Sony India had decided to increase their marketing budget by 25 per cent amounting to Rs 450 crore in order to have good sales for his fiscal year. This sounds quite reasonable since marketing really plays a major role in the sales generation of a certain company. Even though a company such as Sony India […]
Amidst tight student’s visa rules, the number of Indian students applying for Australian student visa is on the rise. There was a 16 per cent increase on the number of students who applied for Australian student visa with numbers from 28,067 last year up to a 32,500 student visa application from July 2011 to March […]
Tata Power has been experiencing some problems internally which might be one of the reasons why they had a net loss of Rs 629 crore in the current fourth quarter. Comparing on the corresponding period a year ago, the company had a net profit of Rs 625 crore. To be specific, the problem lies on […]
Fairbridge which is a subsidiary of Fairfax Financial Holdings will be buying the 76.81 per cent of shares of the Thomas Cook Group’s stake in its India operations. The equivalent monetary value for this percentage is 16.34 crore. Fairbridge agreed to pay a value of Rs 50 a share for the majority stake. This was […]
Essar oil and L & T had come into an agreement where the oil company would supply high quality bitumen to projects that are handled by the L & T Company in Gujarat. They have made and signed a Memorandum of Understanding to make everything legal. The initial agreement is that the Essar oil would […]
The net profit of Adani Enterprises Ltd went down by 25% in the FY 12. Another decrease in net profit has been noted about 66% in the fourth quarter that ended March 31, 2012. When it comes to the company’s income, there is actually no problem about it since they were able to have an […]
The Daimler India Commercial Vehicles will be eyeing on a capacity expansion on 36,000 units in its Chennai plant in the year 2014. Companies such as Daimler are really good when it comes to doing some expansion projects for their company and has been successful with it in a couple of years. This plan has […]
Even though it has always be flagged that smoking is dangerous to your health, the consumption of cigarettes in India is still on the rise. The number of cigarette user had increased by 4.19 per cent. This information was provided by Jyotiraditya Scindia who is the Minister of State for Commerce and Industry. Looking at […]
