industry

India's cargo industry needs to grow at about 12.9 per cent every year to achieve the National Civil Aviation Policy vision of reaching 10 million tonnes (MT) cargo volume by 2027, says a report.

MapmyIndia expects 30% revenue growth this fiscal on account of new products Oct 21 2018

MapmyIndia is looking at a 30 per cent growth in its revenue at around Rs 250 crore this fiscal on account of new integrated maps and other product offerings coupled with a large number of business requests, a top company official said.

Persistent Systems reports 7% rise in net profit at Rs 88 cr in Q2 Oct 21 2018

Persistent Systems reported a 7 per cent rise in its consolidated net profit to Rs 88.14 crore for the second quarter ended September 2018.

Droom bets on Hindi, vernacular languages to drive biz Oct 21 2018

Droom is working on introducing Indian languages on its platform, including Hindi, Telegu and Gujarati, by the next quarter as part of its efforts to expand user base on its platform.

Muthoot Microfin aims to raise Rs 1,000 cr from IPO Oct 21 2018

Muthoot Microfin, which recently received markets regulator Sebi's approval for its initial public offering (IPO), plans to raise Rs 1,000 crore from share sale.

Eveready to focus on lighting, appliances to grow topline Oct 21 2018

Dry cell battery major Eveready is focusing on the lighting and appliances business to drive its growth and expects the two segments to contribute almost half in its turnover in the next 4-5 years, a senior company executive has said.

Procurement agencies should follow BIS standards for medical devices: Govt Oct 21 2018

Giving relief to domestic medical device makers, the government has asked the procurement agencies to follow the Bureau of Indian Standards (BIS) for procuring such devices and not to mandate the USFDA/CE certifications where the norms laid down by the national standard body exist.

Nafed to offload 200 tonnes of onion daily in Delhi to check prices Oct 21 2018

Cooperative Nafed will offload 200 tonnes of onion daily from Monday onwards in the national capital from the government's buffer stock in a bid to arrest price rise, its managing director Sanjeev K Chadha said.

'ONGC bought GSPC gas field stake for half the asking price of Rs 20k cr, replacement cost' Oct 21 2018

ONGC bought Gujarat State Petroleum Corp's (GSPC) stake in a KG basin gas block for USD 1.2 billion (about Rs 8,000 crore) when the replacement value of brand new assets built by the company is at least USD 1.5 billion and the asking price was Rs 20,000 crore, its former chairman D K Sarraf said.