Harshil Mehta resigns as DHFL CEO
DHFL CEO Harshil Mehta has resigned from his current position with immediate effect. However, he would continue to be associated with the company as Executive President -Retail Business with effect from February 14, 2019.
The board has also recommended the appointment of Sunjoy Joshi as an Independent Director and Srinath Sridharan as a Non-Executive Director.
Inflation continues to surprise on the downside: Tushar Arora, Senior Economist – HDFC Bank
Inflation continues to surprise on the downside. The headline number remains below the target of the central bank. Even as services inflation remains high, it is really the headline reading which is likely to determine how the RBI responds in the next policy. We expect one more 25 bps rate cut by the RBI in the April monetary policy meet.
Siemens Q1 FY19 Profit after Tax up by 19.7%
Revenue up by 15.7%
Siemens Ltd. reported a 15.7% growth in Revenue at Rs. 2,734 crore and a 19.7% growth in Profit after Tax of Rs. 228 crore for the first quarter of Financial Year 2019 as compared to the corresponding quarter of the previous year.
While New Orders of the Base Business (less than Rs. 100 crore) grew by 16% in the quarter, the overall New Orders grew by 4.1% to Rs. 3,391 crore, compared to Rs. 3,257 crore in the first quarter of Financial Year 2018.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Our businesses with Industrial and Utility customers have grown well and we continue to receive very positive responses to our digitalization solutions.”
Shikhar Aggarwal, JMD, BLS International
The interim budget appears balanced and forward-looking. The focus on creating digital infrastructure in villages and expanding common service centers to digitally deliver services to citizens is a very positive move. My own company is amongst the pioneers in this area and we know how it can help increase efficiencies for Citizens as well as for Government officials, while also creating employment in the local eco-system. Artificial Intelligence and machine learning are becoming increasingly important for business and setting up of the national center for artificial intelligence along with the development of the national AI portal are very welcome. It will further improve the ability to handle large data efficiently and with greater data security.
JET AIRWAYS announces 7-day special fare sale
Jet Airways announces an attractive 7-day fare sale to commemorate India’s 70th Republic Day, wherein, guests can avail discounts of up to 50% on their bookings with the airline. The limited period offer effective today is valid for both one-way and return journeys for Premiere and Economy travel across the airline’s domestic as well as international network including the airline’s gateways in Abu Dhabi, Amsterdam-Schiphol, London-Heathrow and Paris Charles De Gaulle.
The mega Sale is available across all booking channels of the airline till midnight of Wednesday, 30th January, 2019.
GoAir announces low fares
To celebrate 70th year of the Republic Day, GoAir, India’s fastest growing airline, today announced its RepublicDay bonanza with fares starting as low as Rs. 999 all-inclusive of taxes across 26 destinations on its domestic and international network. The travel period is from 09 February to 30 September 2019 and the booking period starts from January 24 to January 26, 2019. Booking for travel can be made across all channels and the offer is available on first-come-first-served basis.