On Young Turks' section of 'The Big League' catch Murugavel Janakiraman, Founder of India's largest online matchmaking portal, BharatMatrimony that has more than three million marriages to its credit.
On Young Turks' section of 'The Big League' catch Murugavel Janakiraman, Founder of India's largest online matchmaking portal, BharatMatrimony that has more than three million marriages to its credit.
For more watch accompanying video
Young Turks International brings the story of a Ghana based accelerator program – Hub Accra that is fueling entrepreneurship in Africa.
Young Turks International brings the story of a Ghana based accelerator program – Hub Accra that is fueling entrepreneurship in Africa.
For more watch accompanying video
Madhya Pradesh may see over Rs 6.8 lakh crore in investment coming in. While no MOUs have been signed so far, the state has received expressions of interest and investment commitments from numerous corporate houses, including Tata Sons, Reliance Industries, the ADA Group, the Adani Group, and the Essar Group.
If all goes well, Madhya Pradesh may see over Rs 6.8 lakh crore in investment coming in. A majority of this will come from domestic investors. While no MOUs have been signed so far, the state has received expressions of interest and investment commitments from numerous corporate houses, including Tata Sons, Reliance Industries , the ADA Group, the Adani Group, and the Essar Group. Madhya Pradesh is banking on its large land bank of more than 26,000 hectares, the ease of land acquisition, its single-window clearance policy, its round-the-clock electricity supply and a host of labour reforms to attract foreign and domestic investment.
Reliance stock price
On October 10, 2014, Reliance Industries closed at Rs 960.30, up Rs 5.65, or 0.59 percent. The 52-week high of the share was Rs 1142.50 and the 52-week low was Rs 794.00.
The company's trailing 12-month (TTM) EPS was at Rs 68.89 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 13.94. The latest book value of the company is Rs 609.34 per share. At current value, the price-to-book value of the company is 1.58.
On his maiden trip to India, Facebook co-founder and one of the world's youngest billionaires Mark Zuckerberg today called on Prime Minister Narendra Modi to discuss digital expansion in the country.
On his maiden trip to India, Facebook co-founder and one of the world's youngest billionaires Mark Zuckerberg today called on Prime Minister Narendra Modi to discuss digital expansion in the country.
Zuckerberg, who arrived here yesterday, met Modi this evening but neither the Prime Minister's Office nor Facebook disclosed details of the meeting.
Earlier in the day, he had also met Telecom and IT Minister Ravi Shankar Prasad. Zuckerberg is the third high profile CEO of a US-based firm, after Amazon's Jeff Bezos and Microsoft's Satya Nadella, to visit India in last few days.
Yesterday, while addressing media persons, Zuckerberg had said he wanted to discuss the role Facebook can play in connecting villages and understand Modi's Digital India vision.
"One of the things I am really excited about is that the PM has this whole Digital India initiative. We can't create connectivity around the world just by ourselves, we are trying to work with operators, governments."
Also Read: Language barrier restricting Net use in India: Facebook
"I am mostly interested in hearing and learning about how we can help. I believe there are certain things that Facebook can uniquely bring," he had said.
Stressing on the importance of connectivity, Zuckerberg had said while India has about 243 million Internet users and have 100 million plus Facebook users, there are over a billion people in the country who do not have access to the net.
Mahindra Lifespaces Developers, the real estate arm of Mahindra Group, Thursday launched its second affordable housing project under its 'Happinest' vertical at Boisar near here.
"Our intent is to provide good quality housing at affordable rates. We have decided to undertake two pilot projects - one in Chennai, which we have already launched in August and the second one is in Boisar (in Maharashtra)," company's MD and CEO Anita Arjundas told
reporters here.
The company, this year in June, had launched a new business vertical called 'Happinest', focused on developing affordable housing projects.
Spread across over 14 acres, the Boisar project offers 1RK, 1 and 2 BHK apartments in the range of 351 sqft to 695 sqft and would have a total of 1,400 units.
The apartments will be priced between Rs 9.1 lakh to Rs 17.5 lakh.
In the first phase, where construction will commence from next week and is scheduled to be completed in a year, the company will build nearly 359 units.
When asked whether the company is looking at other locations to launch similar projects, Arjundas said, "There is a huge demand for affordable housing.
We are evaluating opportunities and we may come up with such projects in Maharashtra itself considering the increasing demand for affordable housing and development of infrastructure and industries in the state."
The company expects the business to contribute nearly 20-25 percent of its revenues in the next few years.
"It is premature to give any specific timeline, but we expect to have 20-25 per cent of our total revenues from this segment in the next few years. But for achieving this target, we will have to create larger volumes through speedy execution," she added.
'Happinest' endeavours to meet the housing needs of families with current combined monthly income of Rs 20,000 to Rs 40,000, Arjundas said.
The company has tied up with credit scoring agencies like Inventure and micro home finance companies like Mahindra Finance and Muthoot to reach out to right customers.
Hyderabad-based GVK Group today said it has won environmental permit for its Alpha coal project in Australia to help it get closer to starting work on a long-delayed USD 10 billion mine, rail and port project.
GVK Hancock, a 79:21 joint venture between GVK and Australian billionaire Gina Rinehart's Hancock Prospecting, now needs to get coal rail operator Aurizon Holdings onboard and sign coal sales agreement to being work on the project.
"After over six years of comprehensive environmental assessments and detailed planning, GVK Hancock has been granted an Environmental Authority (Clearance) for its Alpha Coal Project in the Galilee Basin in Central Queensland," the company said in a statement.
GVK''s Alpha Coal Mine is located in the Galilee Basin with the first coal lot expected to be extracted by 2016. When fully commissioned, the mine will produce 32 million tonnes of thermal a year of low ash, low sulphur coal for export to the Asian market.
The Land Court of Queensland in Australia had earlier granted conditional clearance to Alpha Coal Mine project.
"This is one of the most significant milestones in the development of our Galilee Basin coal projects till date which will create one of the most remarkable pieces of regional and economic developments Queensland has seen for decades," GVK Reddy founder Chairman and Managing Director of GVK said.
The company said that it further plans to meet every environmental condition that has been set by regulatory authorities.
"This milestone takes us another step closer towards commencing our proposed Alpha mine, which will create around 4,000 jobs during its three year construction and more than 1,800 jobs over its 30 plus years of operation.
"We've invested tens of millions of dollars and thousands of man hours assessing, planning and engaging with communities to reach this stage," GVK Vice Chairman G V Sanjay Reddy said in the statement.
Stating it as a significant development, the company said that it takes GVK another step closer towards bringing on line a new low cost, low ash, low sulphur, high quality thermal coal basin, offering the ability to lower emissions from coal
fired power generation.
The volume and magnitude of GVK's Alpha coal project's large, shallow and very flat coal seams would enable large scale mining techniques, thus ensuring that the proposed mine remains cost competitive even in current tough market conditions, it said.
The combination of large scale mining techniques, favourable geology and other techniques deliver a free-on- board price that would ensure GVK Hancock's Alpha mine remains relatively immune to cyclical coal prices, it added.
Once the infrastructure joint venture with Australian Rail freight major Aurizon is finalised and the regulatory bodies have addressed litigious challenges to approvals, the company said it will execute coal off-take agreements before finalising all financing arrangements.
GVK Power stock price
On October 09, 2014, GVK Power & Infrastructure closed at Rs 10.00, up Rs 0.28, or 2.88 percent. The 52-week high of the share was Rs 20.85 and the 52-week low was Rs 6.70.
The latest book value of the company is Rs 15.69 per share. At current value, the price-to-book value of the company was 0.64.
This was in addition to 92 cars being manufactured for Delhi Metro, the company said. The company forayed into the manufacture and supply of hi-tech Metro Cars during 2002.
BEML Limited today said it has bagged an order worth Rs 570 crore from Delhi Metro Rail Corporation for the supply of 70 cars.
This was in addition to 92 cars being manufactured for Delhi Metro, the company said. The company forayed into the manufacture and supply of hi-tech Metro Cars during 2002.
Since then, BEML has made significant strides and has emerged as the preferred destination of Metro coach manufacturer in the country, BEML claimed.
BEML has so far supplied more than 700 metro cars to Delhi Metro, Bangalore Metro and Jaipur Metro, the company said in a release.
The company said with the new order, its order book position, representing all the three business verticals --Mining & Construction, Rail & Metro and Defence Business, has crossed Rs 6,400 crore mark.
BEML stock price
On October 08, 2014, BEML closed at Rs 581.40, up Rs 4.25, or 0.74 percent. The 52-week high of the share was Rs 877.50 and the 52-week low was Rs 165.75.
The latest book value of the company is Rs 499.40 per share. At current value, the price-to-book value of the company was 1.16.
As home and kitchen is one of the most sought after categories during Diwali, the launch comes at a time when customers can enjoy shopping for appliances with ease and convenience, the company said in a release.
E-tailer Amazon Wednesday said it has launched a store on its online marketplace featuring a wide selection of home appliances such as refrigerators, washing machines, air-conditioners and dishwashers.
As home and kitchen is one of the most sought after categories during Diwali, the launch comes at a time when customers can enjoy shopping for appliances with ease and
convenience, the company said in a release.
From the comfort of their homes, customers can access a large selection of appliances from leading global and Indian brands like LG, Samsung, IFB, Panasonic, Voltas, Godrej as well as from retailers such as Viveks, Shahs and Next, to name a few, it said.
For additional convenience and a worry-free shopping experience for customers who purchase these appliances on its marketplace, Amazon.in will help with scheduling of a hassle free installation and demonstration service from the respective brands and retailers, the release added.
"We are excited to launch the Large Appliances store in time of Diwali and enable customers to conveniently shop while they engage in festivities," Amit Agarwal, Vice President and Country Manager, Amazon India said.
Amazon said customers buying from Amazon.in's Large Appliances Store can take advantage of an extended warranty offering 1-year and 2-year extensions beyond the brand warranty. This repair and maintenance service will offer hassle-free digital warranty for customers and provide market-leading customer service.
In addition, customers also benefit from free transportation for repair as well as free annual preventive maintenance. The extended warranty program is available for purchase from Rs. 675 onwards, it added.
IndiGo, India's biggest airline by market share, posted Rs 317-crore net profit for the year-ended March 31, 2014, compared to Rs 787 crore a year earlier, according to results filed with the registrar of companies.
IndiGo has posted profits for the sixth straight year. The airline has cemented its position as the most profitable carrier in the sector, but profits have halved due to currency fluctuations and price wars. However, this will bolster Indigo's IPO plans.
IndiGo, India's biggest airline by market share, posted Rs 317-crore net profit for the year-ended March 31, 2014, compared to Rs 787 crore a year earlier, according to results filed with the registrar of companies.
Most airlines in the country are troubled on the back of rising airline costs and fuel rates (aviation turbine fuel). Rupee depreciation and price wars are some of the reasons that led to the fall in IndiGo's profit.
In recent times, the low-cost carrier has also lost as many as 40 commanders or senior pilots mainly to Gulf carriers in the last one year.
Speaking to CNBC-TV18, Bhaskar Pramanik, chairman, Microsoft India said shutting of Chennai plant is unlikely to tamper the company's plans as it was never the part of the acquisition and hence, it will have no impact
As far dampening investor enthusiasm, yes, it will have some impact but most companies are very pragmatic, they look at the future
Bhaskar Pramanik
Chairman
Microsoft India
Even as government tries to push the 'Make in India' campaign - one big global multi-national has pulled the curtains down on India.
Nokia will suspend production of mobile phones from its Chennai plant, the plant is one of the largest facilities for making hand-sets. But the company caught in a tax dispute with the state and central governments. The Chennai plant was also not part of the deal when Microsoft acquired Nokia.
Speaking to CNBC-TV18, Bhaskar Pramanik, chairman, Microsoft India said shutting of Chennai plant is unlikely to tamper the company's plans as it was never the part of the acquisition and hence, it will have no impact. He, however, is optimistic and does not see the move affecting the investor community too much.
"As far dampening investor enthusiasm, yes, it will have some impact but most companies are very pragmatic, they look at the future. We are eternal optimists and the Prime Minister said in Madison Avenue, the three Ds is democracy, demographics and it is demand. Very clearly there is a huge demand in India for anything," he adds.
