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  • OYO aims at 1 mn rooms to become world's 'largest' hotel chain

    14 January, 2019 1:55 PM 44

    Hospitality firm OYO Hotels and Rooms on Monday said it is working on a roadmap for 1-million room inventory from the existing count of 4.6 lakh. "We will have one million rooms inventory into our fold in the near distant future. I think, it should happen in a year and a half," OYO CEO, India and South Asia, Aditya Ghosh told PTI. This will help OYO to become

  • ICICI Securitie Standalone December 2018 Net Sales at Rs 405.84 crore, down 17.5% Y-o-Y

    14 January, 2019 1:50 PM 32

    Net Sales at Rs 405.84 crore in December 2018 down 17.5% from Rs. 491.90 crore in December 2017. Quarterly Net Profit at Rs. 102.32 crore in December 2018 down 32.96% from Rs. 152.63 crore in December 2017. EBITDA stands at Rs. 171.51 crore in December 2018 down 31.72% from Rs. 251.20 crore in December 2017. ICICI Securitie EPS has decreased to Rs. 3.18 in December

  • Shalby Hospitals in talks to take control of two hospitals in Delhi, Kolkata for Rs 250 crore

    14 January, 2019 12:48 PM 48

    The Delhi hospital has a 150 bed capacity, while Kolkata is a 200 bedded hospital. Shalby Hospitals, which is on an expansion spree is in talks to take over two hospitals in Delhi and Kolkata at an estimated cost of around Rs 250 crore. The Delhi hospital has a 150-bed capacity, while Kolkata is a 200-bedded hospital. “We typically go for the 150-200-bed hospital

  • Indiabulls Vent Standalone December 2018 Net Sales at Rs 64.31 crore, up 81.76% Y-o-Y

    14 January, 2019 12:45 PM 40

    Net Sales at Rs 64.31 crore in December 2018 up 81.76% from Rs. 35.38 crore in December 2017. Quarterly Net Profit at Rs. 15.38 crore in December 2018 up 85.27% from Rs. 8.30 crore in December 2017. EBITDA stands at Rs. 33.98 crore in December 2018 up 16.73% from Rs. 29.11 crore in December 2017. Indiabulls Vent EPS has increased to Rs. 0.27 in December

  • WPI inflation falls to 8-month low of 3.80% in December

    14 January, 2019 12:33 PM 51

    New Delhi: Inflation based on wholesale prices fell to an eight-month low 3.80 percent in December, from 4.64 percent in November as prices of food articles and fuel softened. The Wholesale Price Index (WPI)-based inflation 3.58 percent during the corresponding month of the previous year, official data showed on Monday. According to the government data, food articles

  • Sachin Bansal invests Rs 150-cr in Ola

    14 January, 2019 12:33 PM 225

    New Delhi: Flipkart co-founder Sachin Bansal has pumped in about Rs 150 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. "... 70,588 fully and compulsorily convertible, cumulative 'Series J' Preference Shares' having face value of Rs 10 having the rights, privileges and preferences... Is hereby allotted

  • Budget 2019: Remembering India's most iconic Budgets

    14 January, 2019 11:50 AM 33

    These were some of the Budgets that impacted our economy in the most significant of ways, bringing in changes and reforms that define it even today. 1968 | Morarji Desai's Budget, commonly known as the People's Budget, simplified the assessment of goods by introducing the system of self-assessment for all manufacturers. This Budget also abolished 'spouse

  • India's airlines are safe. But is Indian aviation safe?

    14 January, 2019 11:09 AM 57

    The latest survey by AirlineRatings may have given a lot of stars to Indian airlines, but at the same time, leaves a question mark over the safety of air travel in the country. The survey does product and safety ratings for more than 435 airlines around the world. These include India's IndiGo, Jet Airways, SpiceJet and Air India. Uttaresh Venkateshwaran

  • Here are 5 strategies that will grow your brand, its recall value

    14 January, 2019 10:45 AM 41

    The following article is an initiative of Samsonite India and is intended to create awareness among readers. In a bid to run a successful business and stand out from the crowded marketplace, you’ll have to build your brand up against competition by coming up with something different, valuable, consistent and more tangible. With right brand strategies

  • Bharti Airtel in talks to buy Telkom Kenya: Sources

    14 January, 2019 9:20 AM 48

    India's Bharti Airtel is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday. London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered