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Off to a great start this financial year! We’re lucky enough to work with a range of clients in many varying spaces. Here’s a quick snapshot: 🎥 . #brand #brandmark #branddesign #identity #typography #brandidentity #logo #logomark #logoinspiration #logotype #typography #branding #design #corporatedesign #designstudio #graphicdesign #graphicdesignbrisbane #brisbanedesignstudio #creative #fy18 #financialyear #ALTR #ALTRdesign #brandshapers (at ALTR)
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Harley Davidson India eyes growth from tier II cities in FY18 PANAJI: After claiming 60 per cent of the superbikes' market in India, Harley Davidson India today said it expects to continue its growth story in the coming financial year, fuelled by demand in tier II cities.
slowdown: Manufacturing investments fell 15% in FY18: ASI data
Manufacturing sector investments declined 15.2% in 2017-18, the final Annual Survey of Industries (ASI) data released by the government on Wednesday showed. Gross fixed capital formation (GFCF), as measured by the survey was Rs 3.12 lakh crore compared to the provisional 3.31 lakh crore as per the provisional estimates that were released in September last year.
ASI, principal source of…
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Ola plans to slash jobs ahead of IPO
Ola plans to slash jobs ahead of IPO
Source | timesofindia.indiatimes.com | John Sarkar | Digbijay Mishra
NEW DELHI: Ride-hailing major Ola is planning to cut its workforce by 15-20% over the next two quarters in a bid to improve margins and move towards profitability, sources said. Ola is estimated to have 5,800-6,000 people on its payroll, including group companies — Ola Electric Mobility and Ola Financial Services, where about…
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Banking ombudsman saw 25% rise in customer complaints in FY18 Mumbai: The banking ombudsman received 24.9% more customer complaints in FY18 over the previous year, said the Reserve Bank of India (RBI).
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Star India standalone profit after tax dips 44% in FY18 on higher expenses
Companies News:
Star India’s standalone profit after tax was down 44 per cent in FY18 as expenses increased at a faster pace while revenue growth was sluggish. According to the company’s filings with the Registrar of Companies, Star India's revenue for FY18 rose 5.8 per cent to Rs 9,199 crore as against Rs 8,698 crore in FY17. The company’s net profit slumped from Rs 1,155 crore in FY17 to Rs 642 crore in FY18, a 44 per cent decline.
Data provided by financial data accessed by business intelligence platform Tofler indicates that the company’s total expenditure for the year grew 18.6 per cent to Rs 8,242 crore. In September 2017, Star India won the global media rights to the Indian Premier League for Rs 16,347.50 crore for five years (2018-2022).
Sources reveal that the Uday Shankar-led network’s payout to the Board for Control of Cricket in India (BCCI), included Rs 4,300 crore in the first year of the deal, while the remaining amount is to be equally divided over the rest four years. Sources said a part of the payout would have been accounted in FY18 financials, though the details are not available. This would account for the steep increase in Star India’s expenditure for the fiscal under consideration.
Other expenses, which accounted for 87 per cent of the total expenses, went up 20 per cent year-on-year to Rs 7,182.5 crore in FY18. Queries to Star India went unanswered.
Star India hosted the first IPL season on its network from April 2018, and the revenues for the same will be reflected in the FY19 numbers. Industry estimates peg Star India’s revenue from IPL 2018 at Rs 2,000 crore.
Nestle FY18 Profit Surges; To Explore Options For Herta Charcuterie Business Swiss nutrition, health and wellness giant Nestle SA (NSRGY,NSTR.L) reported that its net profit for fiscal year 2018 attributable to shareholders of the parent grew by 41.6 percent to 10.14 billion Swiss francs from 7.16 billion francs last year. Earnings per share increased 45.5 percent to 3.36 francs from 2.31 francs a year ago. Net profit benefited from several large one-off items, including income from... Business News
Nestle FY18 Profit Surges; To Explore Options For Herta Charcuterie Business Swiss nutrition, health and wellness giant Nestle SA (NSRGY,NSTR.L) reported that its net profit for fiscal year 2018 attributable to shareholders of the parent grew by 41.6 percent to 10.14 billion Swiss francs from 7.16 billion francs last year. Earnings per share increased 45.5 percent to 3.36 francs from 2.31 francs a year ago. Net profit benefited from several large one-off items, including income from... Business News
