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  • OYO hires ex-IndiGo boss Aditya Ghosh as CEO India and South Asia

    15 November, 2018 10:36 AM 46

    A month after raising $800 million in a round led by existing investor SoftBank, hospitality firm OYO on November 15 announced the appointment of Aditya Ghosh as CEO of its India and South Asia operations. Before joining OYO, Ghosh was associated as the president and wholetime director of IndiGo where he was instrumental in turning airline into the largest

  • Hold Ratnamani Metals; target of Rs 985: Centrum

    15 November, 2018 10:22 AM 43

    We remain structurally positive on Ratnamani Metals & Tubes (RMTL) but retain our Hold rating with a revised TP of Rs985 (vs Rs940 earlier) on the back of limited upside potential with strong growth outlook largely factored in at current valuations. Q2 performance was well above expectations with solid EBITDA growth of 127% YoY & 28% QoQ led by strong

  • Royal Enfield launches Continental GT 650 Twin, Interceptor INT 650 Twin in India

    15 November, 2018 8:38 AM 66

    New Delhi: Royal Enfield Wednesday launched two mid-sized motorcycles, Continental GT 650 Twin and Interceptor INT 650 Twin, in the Indian market. The company has priced Interceptor INT 650 at Rs 2.50 lakh and the Continental GT 650 at Rs 2.65 lakh (ex-showroom). Both the models would be available across 14 key metro and mini metro cities across 120 dealerships

  • Chinese automaker Zotye plans to sell vehicles in US in 2020

    15 November, 2018 8:05 AM 70

    Chinese automaker Zotye Auto said it plans to start selling vehicles in the United States in 2020. Zotye said it will work with an American partner, HAAH Automotive Holdings. The companies said Wednesday the first model for the US market will be an SUV but gave no details. Zotye joins Chinese automakers that have announced ambitions to enter the US market

  • Infosys to open innovation hub in Texas, hire 500 American workers by 2020

    14 November, 2018 8:13 PM 54

    New Delhi: IT firm Infosys has announced that it will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors. Infosys said that these new Texas employees will include

  • Telangana Assembly Polls 2018: Congress, TDP release second list; seat-sharing talks still on

    14 November, 2018 5:48 PM 83

    Congress and TDP, partners in the "grand alliance" for the December 7 assembly elections in Telangana, on November 14 released their respective second list of candidates even as the combine was yet to thrash out issues over seat-sharing among the partners. Besides the two parties, the alliance comprises Telangana Jana Samiti (TJS), which is insisting

  • United Breweries Q2 net up 74.5% to Rs 163.77 cr

    14 November, 2018 5:30 PM 45

    United Breweries posted a 74.52 percent jump in standalone net profit at Rs 163.77 crore for the September quarter, led by volume and pricing growth. The company had reported a net profit of Rs 93.84 crore in the July-September period a year ago, United Breweries (UBL) said in a BSE filing. Total income from operations rose 21.62 percent to Rs 3,335.54 crore

  • MTNL Q2 loss widens to Rs 859 crore

    14 November, 2018 4:55 PM 47

    State-run telecom firm MTNLÂ reported widening of its loss to Rs 859 crore on standalone basis in the quarter ended September 30, 2018, mainly on account of increase in finance cost and decline in sales. The debt-ridden firm had posted a loss of Rs 730.64 crore in the same period a year ago. The finance cost of the company during the period under review

  • Mizoram Assembly Polls 2018: 201 candidates in fray for November 28 election

    14 November, 2018 4:32 PM 60

    During scrutiny, all of the nomination papers were found to be valid. Three nominees withdrew their candidature. A total of 201 candidates are in the fray for the Mizoram Assembly election after three nominees opted out of the contest on November 14, the last date for withdrawal of nomination papers, state election department officials said. According

  • PNC Infratech Q2 net jumps over two-fold to Rs 35 cr

    14 November, 2018 3:44 PM 54

    The company had clocked Rs 16.65 crore net profit during the corresponding period a year ago. Infrastructure firm PNC Infratech said its standalone net profit jumped over two-folds to Rs 35.11 crore during the quarter ended September 30, helped by higher income. The company had clocked Rs 16.65 crore net profit during the corresponding period a year ago, it said in a filing