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Burger King India Ltd plans to have 325 stores by December 31, 2020, up from 202 as of June. McDonald’s had 470 at last count, according to data by consulting firm Technopak Advisors. (Photo: AP)
Burger King India looks to raise Rs 400 crore from IPO
05 Nov 2019 1:54 AM

In the year ended March 2019, Burger King India’s revenue from operations had risen 67 per cent to Rs 633 crore ($89.4 million).

The complaints were still under investigation and the company was not in a position to determine concreteness, credibility and materiality of complaints.
India's Infosys says no prima facie evidence on whistleblower complaints
04 Nov 2019 1:25 PM

The letter was in reply to the NSE’s request to the company to explain why it had not disclosed the receipt of the letter.

In August, the company said it will pick up a minority stake in India’s Future Retail Ltd which owns several supermarket brands. (Representational image/ Photo: AFP)
Amazon pumps in more than USD 600 million into India units
30 Oct 2019 1:09 PM

The company did not immediately clarify where or how the money would be used.

Loan growth during the quarter slowed to 15 per cent versus a growth of 21 per cent in the same period last year.
Kotak Mahindra Bank beats estimates; quarterly profit surges 51 per cent
22 Oct 2019 2:33 PM

Net profit rose 17.24 billion rupees for the three months to September 30, compared with 11.42 billion rupees last year.

Total will buy up to 25.2 per cent in Adani Gas from public shareholders at 149.63 rupees per share, representing an 8.7 per cent premium to the stock’s last close and valuing the stake at 41.47 billion rupees (USD 585 million). It will also buy another 12.2 per cent stake from the Adani family at an undisclosed price, according to stock exchange filings.
Energy giant Total to buy 37 per cent stake in Adani Gas
14 Oct 2019 3:31 PM

Total is the third foreign oil major to enter India’s gas sector after BP Plc and Shell.

Headline consumer price index inflation likely jumped in September on the back of a surge in onion prices. But that will hardly bring tears to the eyes of the RBI, as it is likely to have stayed below the 4.0 per cent target, said Shilan Shah, senior India economist at Capital Economics.
Inflation surged in September but won't 'bring tears' to RBI: Report
10 Oct 2019 3:31 PM

If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.

Tata Consultancy Services Ltd is expected to report its results on Thursday, marking the start of the quarterly earnings season. (Photo: File | AP)
Sensex, Nifty snap losing streak ahead of earnings season
09 Oct 2019 4:04 PM

NSE Nifty ended 1.74 pc higher at 11,319.60, while the benchmark BSE Sensex closed up 1.72 pc at 38,177.95.

Both, the “Big Billion Days” sale and Amazon’s “Great Indian Festival”, will finish on Oct 4, according to their websites.
Amazon, Flipkart make record first-day festive sales in India
30 Sep 2019 3:35 PM

Amazon reported record sales of about 7.5 billion rupees (USD 7.07 million) in 36 hours in the premium smartphone brands category.

Earlier this year, Lakshmi Vilas said it will merge operations with housing finance firm Indiabulls Housing Finance Ltd (IBHF) in a share-swap deal.
Lakshmi Vilas Bank slumps as directors face fraud charges
27 Sep 2019 12:37 PM

The EOW’s report was based on a complaint filed by Religare Finvest Ltd.

GCX, an under-sea cable supplier, expects to complete the liquidation process by the end of the fourth quarter. (Photo: PTI)
RCom CEO steps down to focus on US unit's bankruptcy process
25 Sep 2019 10:14 AM

Anil Ambani-led RCom filed for bankruptcy in India earlier this year as lack of regulatory approval for asset sales.

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