Adani Wilmar eyes Rs 36,000 cr, aims to double consumer business revenue

Aiming to double its revenue from consumer business in the next five years, Adani Wilmar has recalibrated its strategy to leverage on its flagship brand, a company official said. Claiming that its brand “Fortune” is already a leader in packaged edible oils in marketshare, the official said the company was leveraging the brand to expand in the food segment which is worth Rs 2,000 crore. Continue Reading

SBI Life profit drops by 48%

SBI Life Insurance reported over 48 per cent decline in its net profit at Rs 129.84 crore in the second quarter ended September of the current fiscal year (2019-20). The life insurer had registered a net profit of Rs 250.53 crore in the corresponding July-September period of previous fiscal 2018-19. Continue Reading

Bank of Maharashtra files complaint against rumours

Bank of Maharashtra said it has lodged a complaint with Pune police and cyber cell against the circulation of fake news and spreading of rumours about its financial health on WhatsApp, a news site and other social media platforms. This complaint is filed against maligning the image of the bank in various social media platforms, it said in a BSE filing. Continue Reading

Destination Goa for Bennet & Bernard

Bennet & Bernard Custom Homes Pvt Ltd announced that they are seeing an increase in enquiries for luxury villas and properties in the quainter villages like Assagao, Anjuna, Siolim which promise Goa’sd charm and natural beauty. Continue Reading

Kaspersky’s latest schemes

Global cybersecurity provider Kaspersky till 15 November offers giveaway schemes on its Kaspersky Internet Security (KIS) for Mac and PC and Kaspersky Total Security (KTS) products. Continue Reading

Diamond Producers Association partners with Saffron Art

Diamond Producers Association has partnered with Saffron Art, an international auction house that embraces and drives change. Continuing with their efforts ­­­of promoting real diamonds, DPA is sponsored the biennial jewellery conference, Dialogues in Art, with the theme being ‘Mapping the legacy of Indian Jewels’ as an ode to nature. Continue Reading

CREDAI to organise Fairbuild

CREDAI Chennai will organise Fairbuild 2019, a business and networking platform designed to provide 360 degree experience for all stakeholders, buyers and allied industry players. Continue Reading

BSNL hopes to boost market share, no plans to shut

Crisis-ridden Bharat Sanchar Nigam Ltd (BSNL) is hoping to boost marketshare, following Reliance Jio’s decision to charge six paise per minute for voice calls made to mobile phone networks of rival operators. Continue Reading

Mahanadi Coalfields supply affected by agitations

The coal supplies from Talcher and IB valley collieries under the Mahanadi Coalfields Limited (MCL) in Odisha were severely hit due to the ongoing agitations by local people demanding employment, an official said. Continue Reading

Nirmala Sitharaman seeks inputs to correct GST flaws

Conceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman asked tax professionals not to curse it and sought their help to make it better. The minister was replying to the concerns raised by taxation industry professionals here, who said the industry was “cursing” the government over how the GST was implemented. Billed as the biggest reform in indirect taxation, the goods & services tax, which does away with a host of levies from the federal to the local government levels, was implemented in July 2017. Continue Reading