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CarZ vrooms in car service mkt; plans 244 outlets by 2018
Jun 15, 2013 at 13:18 | Source: CNBC-TV18
Offering a complete gamut of services including repair, maintenance, denting, painting, styling and detailing, CarZ touched Rs 12.5 crore in revenue last fiscal and now wants to grow up to Rs 25 crore by the end of the year.
Open to acquisitions if deal is sweet: Motherson Sumi
Jun 14, 2013 at 17:53 | Source: CNBC-TV18
Vivek Chaand Sehgal, chairman, Motherson Sumi Systems Ltd says the company is open to acquisitions, and would look into it if they are worthwhile and add to the interest of the company, shareholders and customers. The Volkswagen Group contributes to 47 percent of the companys sales.
Apollo Tyres sinks 25%; Cooper Tire buy fuels debt concerns
Jun 13, 2013 at 15:31 | Source: Moneycontrol.com
The acquisition of Cooper Tire helps Apollo become the 7th largest tyre maker in the world. However, the bigger concern is that the deal is entirely funded via debt and its debt:equity will shoot up.
P. Chidambaram: Will leave no stone unturned to achieve revenue targets
Jun 13, 2013 at 10:31 | Source: Moneycontrol.com
Speaking at press address, Chidambaram says the government will leave no stone unturned to achieve its revenue target. "We are doing everything we can to revive investment sentiment," he told reporters.
Apollo Tyres buys Cooper Tire for Rs 14,500cr; stk sinks
Jun 13, 2013 at 09:37 | Source: Moneycontrol.com
On a pro forma basis, Apollo's 2014-15 revenue and earnings could potentially more than double as a result of the buy, but Apollo's net debt-to-equity would rise even though Cooper Tire will service a significant portion of the additional debt, according to Goldman Sachs.
Will maintain vol expansion depite rupee fall: Persistent
Jun 12, 2013 at 17:30 | Source: CNBC-TV18
Persistent Systems profits and margins have not been affected by rupee depreciation as the company hedges some of its revenues and will continue to adopt that strategy.

Videos »
Open to acquisitions if deal is sweet: Motherson Sumi
CarZ vrooms in car service mkt; plans 244 outlets by 2018
P. Chidambaram: Will leave no stone unturned to achieve revenue targets
Will maintain vol expansion depite rupee fall: Persistent
Eye 15% growth in revenue, bumper exports: Navneet
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Monsoon tracker live: 37 dead, 60,000 stranded in North India
9.30 am: District Magistrate orders evacuation of low lying areas in DehradunThe Dehradun district magistrate has ordered the evacuation of low lying areas, even as heavy rains continued to batter Nor...
Jun 18, 2013 at 09:50 | Source: FirstPost
Ramadorai named chairman of Air Asia
S Ramadorai, former CEO of Tata Consultancy Services, is the chairman of AirAsia India, Tony Fernandes, CEO of AirAsia Bhd, said in a Twitter announcement on Monday. I would like to confirm Mr Ramado...
Jun 18, 2013 at 08:20 | Source: DNA India
AIRSHOW-U.S. arms companies see rising foreign demand
PARIS (Reuters) - U.S. arms makers see rising foreign demand for fighter jets, missile defense systems and other weapons as countries modernise their forces and U.S. officials, facing tighter budgets,...
Jun 18, 2013 at 08:00 | Source: FirstPost
Brazilians protest in streets against heavy taxes
Sao Paulo: More than 100,000 people took to the streets in overwhelmingly peaceful protests in at least eight cities Monday, demonstrations that voiced the deep frustrations Brazilians feel about carr...
Jun 18, 2013 at 07:40 | Source: FirstPost
Maxx Mobile plans to launch 500 new phones in Indian market
MUMBAI: Indian mobile phone-maker Maxx Mobile plans to launch 500 new phones in the Indian market this financial year - and about 90 of them will hit the shelves by August, said Ajjay R Agarwal, the ...
Jun 18, 2013 at 07:21 | Source: Economic Times
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