Flipkart to double value of goods sold as demand rises
Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s (AMZN.O) India unit. Online retailers often use GMV, or gross... read more »
Maruti Suzuki Net Jumps 18% to Rs 802 Crore in Q3
Maruti Suzuki, India’s largest car maker, reported an 18 per cent year-on-year (y-o-y) jump in its net profit to Rs 802 crore for the quarter ending December 31, 2014. Its net sales rose over 15 per cent y-o-y to Rs 12,263 crore. Higher volumes, lower raw material costs and favourable foreign... read more »
Union Bank Of India Q3 profit falls 13%
Union Bank of India, a public sector bank in India, has posted a fall of 13.33% in net profit to Rs 3,024.20 million for the quarter ended December 31, 2014 as compared to Rs 3,489.40 million in the corresponding quarter, a year ago. Total Income has increased by 8.39% to Rs. 89,210 million for the... read more »
Swiss gold exports to India cross Rs 1.2 lakh crore
Switzerland’s gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores. The value of precious metal imported from Switzerland touched 17.1 billion Swiss francs (over Rs 1.2 lakh crore) during the... read more »
