New Delhi
Ambuja Cement on Tuesday reported 77.12% increase in consolidated net profit to Rs 478.39 crore for the third quarter ended December 31, helped by volume growth and increased clinker production. Part of the Swiss cement giant LafargeHolcim, the company had clocked a net profit of Rs 270.08 crore in October-December a year-ago, Ambuja Cement said in a BSE filing. Total income during the period under review was up 10.96% to Rs 6,264.81 crore as against Rs 5,645.84 crore in the year-ago period. pti
Chandigarh
Paytm’s QR-based platform gains popularity
Paytm said on Tuesday its QR-based payment solution is fast emerging as the default payment method for merchants across Punjab. The company’s widely accepted QR is now enabling merchant partners across India to accept unlimited payments directly into their bank accounts at 0% fee. TNS
Chandigarh
Google unveils bill payment feature on Tez
Google India on Tuesday announced the launch of a specially designed experience to help users pay their bills using its digital app Tez without any transaction charges. It has started service with support of more than 80 billers, including national and state electricity providers, gas, water, DTH and mobile postpaid bills and recharge. TNS
Chandigarh
Platinum Honda bags best dealership award
Chandigarh-based Honda Motorcyle and Scooters India two-wheeler dealer Platinum Honda has been awarded at annual dealer’s meet by Honda as the best dealership in the country (2017-18) for recording the maximum sale of vehicles, spare parts, better sevices and providing customers complete satisfaction. TNS
Chandigarh
DSP BlackRock launches ACE Fund — Series 2
DSP BlackRock has launched BlackRock ACE (Analysts’ Conviction Equalized) Fund — Series 2, a multi- cap fund. The scheme is based on the belief that a consistent investment process precedes strong performance. Top investment ideas are generated by analysts from a 16-member equity investment team. TNS
Chandigarh
Max Life’s AUM touches Rs 50,000 crore
Max Life Insurance said on Tuesday it has touched the milestone of Rs 50,000 crore-mark of assets under management (AUM). Over the past three years, the company’s AUM has grown at a compounded annual growth rate of 19.5%. TNS