User: meerak Topic: all-bengaluru
Category: Bengaluru business
Last updated: Jun 26 2017 01:49 IST RSS 2.0
 
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475 kg drug haul at Bengaluru airport 24.6.2017 All News-IANS Stories
A consignment of drug ephedrine, weighing 475 kg and valued at Rs 24 crore, was seized at the city international airport's air cargo complex by the Customs' central intelligence unit, said an official on Saturday.
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Bescom open to lump sum payment 24.6.2017 Hindu: Bangalore
Will save consumers the trouble of remembering due dates
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GST could get more cars home 24.6.2017 deccanherald.com
The long-awaited GST regime, which will be rolled out within a week, will affect the pricing structure of automobiles. In terms of the auto sector, rates appear to be largely in conformity with the existing indirect tax structure. Policymakers have set the base GST rates across the spectrum at 28%, while levying a specified cess on vehicles belonging to different categories and sizes, resulting in variations in the end prices of each vehicle, depending on its segment and type. It must be noted that the total tax rate on a vehicle, in the pre-GST regime, includes Excise, CST (Central Sales Tax), and VAT, and in some cases, Infrastructure Cess and Luxury Cess, which have all been reduced to only a single cess being levied under the upcoming regime, making cars and bikes some notches affordable. From July 1, among the various vehicle categories, two-/three-wheelers will see an effective GST rate of 28%, compared with the pre-GST rate of 30.2%, resulting in a change of 2.2%. There is no cess being levied. ...
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Infy to finalise Rs 13k-cr capital allocation policy 24.6.2017 deccanherald.com
Infosys on Saturday said it is in the process of finalising Rs 13,000-crore capital allocation policy to shareholders. The company Chairman R Seshasayee said Infosys is committed to executing the capital allocation policy announced on April 13, in a timely manner. While completely avoiding the fight between promoter shareholders and the company management, at the 36th annual general meeting (AGM) of the company, he said Infosys is committed to executing the capital allocation policy announced on April 13, 2017 in a timely manner. He, however, did not elaborate as to how and when the allocated money will be spent. "As envisaged in the capital allocation policy, the company has identified an amount of up to Rs 13,000 crore to be paid out to shareholders during fiscal 2018. As the company has a large shareholder base and is listed in multiple countries, the manner of distribution to shareholders requires compliance with laws of several jurisdictions," he said. Seshasayee also pointed out that the company is ...
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Infy faces wrath of shareholders 24.6.2017 deccanherald.com
Infosys on Saturday faced some uncomfortable questions from the shareholders over the controversies engulfing them and the fall in the share prices at its 36th AGM. While most of the share holders were concerned about the steep fall in the stock prices of the Bengaluru-headquartered IT company, there were questions about recent spat between the management and promoters as well. The company's share price has dropped 14.5% to Rs 943.35 per share on Friday from Rs 1,103.15 at the beginning of 2016. "Gone are the days when the company used to say we are not concerned with the share prices. Right now the times have changed. The company should see about its perception in the market," said one of its shareholders. Yet another shareholder called for the stock split to enhance the liquidity in the stocks. Though there were certain shareholders who justified the pay scale of the company's CEO Vishal Sikka, yet many came down heavily on the company's management for not being 'austere'. The shareholders also advised ...
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Nykaa to expand offline presence 24.6.2017 deccanherald.com
Homegrown lifestyle brand, known for its colour cosmetics, Nykaa is looking at expanding its offline presence, which currently contributes to only 5% of the company's revenues. Alongside NykaaLuxe, which is its current mulit-brand store format across stores in Delhi-NCR, Mumbai and Bengaluru, the company plans to launch NykaaOnTrend — a format that seeks to cater to the young and aspiring customer base. Adwaita Nayar, Head — Retail at Nykaa told DH, "The market for cosmetics is nascent in India, however, there is an upward trend in terms of spending, awareness and enthusiasm to indulge," adding, "With NykaaOnTrend, we will introduce a unique merchandising methodology, which will have cosmetics displayed category-wise with only the top brands in each category." While NykaaLuxe is a luxury multi-brand outlet, which focuses on luxury brands, NykaaOnTrend will be about trending brands and products. Both formats intend to leverage technology more efficiently with effective videos and tutorials ...
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Sensodyne eyes SE Asia for expansion 24.6.2017 deccanherald.com
Sensodyne, the dental care brand of GSK Consumer Healthcare, is looking to expand its export base for its toothpaste range from India, as it plans to sell its low-cost access packs in Southeast Asia. Keeping in mind the needs of the price-sensitive Indian market, Sensodyne has already rolled out the smaller-sized access pack costing Rs 25. Sharing export plans of Sensodyne with DH, GSK Consumer Healthcare Area Marketing Director (Oral Health) Anurita Chopra said, "As part of our journey in India — which began six years ago — we set up manufacturing capabilities in the country that helped us price our products right, in turn enabling us to develop the market." The brand's toothpastes are manufactured in Goa, while it makes toothbrushes at Silvassa. It already exports toothbrushes to Southeast Asia. Currently, GSK Consumer Healthcare exports Sensodyne's products to Bangladesh and Sri Lanka which are part of the ISC (Indian Sub-continent) market. Explaining future plans, Anurita said, "The ...
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Modi launches India-Portugal International StartUp Hub 24.6.2017 All News-IANS Stories
Prime Minister Narendra Modi and his Portugese counterpart Antonio Costa on Saturday launched the India-Portugal International StartUp Hub (IPISH) here to help in mutual capacity building, and enable connections between start-ups, investors, and incubators from relevant sectors.
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Infosys chairman R Seshasayee to hang up boots next year on turning 70 24.6.2017 Business Standard: Companies & Industry
Plays down conflict with founders; Infosys looks at era of transformations
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Infosys chairman Seshasayee to retire in May 2018 24.6.2017 deccanherald.com
Infosys Chairman R Seshasayee on Saturday said it will be his last annual general meeting (AGM) and he will retire in May next year. Addressing the 36th AGM, Seshasayee said he plans a smooth transition to his successor. "Finally, as this will be my last AGM, before I retire upon reaching the age of 70 in May 2018 ... During the remaining part of my tenure, I would be committed to further enhancing governance standards, improve shareholder value and planning a smooth transition to my successor," he said. Seshasayee joined Infosys in 2015 after stepping down from his position as the non-executive vice-chairman of Ashok Leyland, the Hinduja group flagship company, where he served for 44 years. He replaced K V Kamath when the latter stepped down as chairman of the board. Seshasayee said the management and the board commit to its shareholders further acceleration of its efforts to navigate the company through the daunting changes, and deliver performance, worthy of its proud heritage. Even though he had his ...
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Prime Minister Modi and Prime Minister Costa launch unique Start-up portal 24.6.2017 Govt of india: PIB
Prime Minister Modi and Prime Minister Costa launch unique Start-up portal
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Dispirited wine industry struggles to stay afloat 24.6.2017 Hindu: News
Saddled with loans and meagre margins in a tough, cut-throat market, most of the smaller wineries are on the verge of closure
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Urban Ladder plans to raise $25 million 24.6.2017 Hindu: Home
Has applied for a single brand licence
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Germany Visa Application Centre opened in Bengaluru 24.6.2017 HBL: Home
The new Germany Visa Application Centre got inaugurated in Langford Town by representatives from the Consulate General of the Federal Republic of Germany in Bengaluru. Margit Hellwig-Bötte, Con...
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Jackfruit diversity fair in Bengaluru 24.6.2017 HBL: Home
The Jackfruit Diversity Fair 2017 is being organised by ICAR-Indian Institute of Horticultural Research (IIHR) in Benagluru. The two-day (June 24-25) fair showcases Jackfruit, the world's lar...
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Future Group on expansion spree, to open 15 Central stores 24.6.2017 HBL: Companies
The Future Group will invest Rs 250-300 crore this fiscal towards opening 15 of its lifestyle departmental store, ‘Central’. According to Vishnu Prasad, CEO, Central, the new stores are expecte...
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Infy's Seshasayee to retire next year, wants smooth transition 24.6.2017 deccanherald.com
Infosys Chairman R Seshasayee today said it will be his last AGM before he retires next year in May and plans a smooth transition to his successor. "Finally, as this will be my last AGM, before I retire upon reaching the age of 70 in May 2018... During the remaining part of my tenure, I would be committed to further enhancing governance standards, improving shareholder value and planning a smooth transition to my successor," he said in his speech at the 36th AGM of Infosys here today. Seshasayee said the management and the board commit to its shareholders further acceleration of efforts to navigate the company through "the daunting changes and deliver performance worthy of its proud heritage". He also thanked founders, his colleagues on the board and shareholders for giving him an opportunity to serve the company at "an extremely critical" point during its transformation journey. "I have had unstinted support from my colleagues on the board and the management, and I am truly grateful to them for imposing ...
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Infosys releases 11,000 employees due to automation: Key takeaways from board meet 24.6.2017 ET: IETS
Revenue per full-tie employee (FTE) increased by 1.2 per cent as a result of automation, utilisation and productivity improvements, the company said.
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Infosys Chairman R Seshasayee to retire; says this AGM is last one 24.6.2017 BusinessLine - Info-tech
Infosys Chairman R Seshasayee today said that will be his last AGM as he is set to retire. "This will be my last AGM, before I retire upon reaching the age of 70 in May, next year," he ...
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Jacqueline's juice brand first 'clean label' to expand to Middle East 24.6.2017 Cinema-Showbiz
Bollywood actress Jacqueline Fernandez, an investor in Indian cold pressed juice brand RAW Pressery -- has taken the first steps towards going global by stepping into the Dubai market.
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