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February 15th, 2019 Infibeam Avenues Thursday said its net profit grew manifold close to $4 million (Rs 26.6 crore) during the December 2018 quarter from the year-ago period. The net profit stood at Rs 1.9 crore in the October-December 2017 period, Infibeam said in a statement. The company's total revenue more than doubled to Rs 150.3 crore in the...
BUSINESS

December 31st, 2018 One of the top alcohol companies in China called Kweichow Moutai has announced that the company plans to sell about 31,000 tons of product in 2019. "The sales volume in 2019 will increase by 3,000 tonnes more than in 2018," said Li Baofang, chairman of Moutai Group. A total of 17,000 tons of liquor will be supplied to distributors...
BUSINESS

December 28th, 2018 Chinese smartphone maker Oppo has planned to invest 1 billion yuan ($145.7 million) to encourage mobile app developers to create gaming, video and other forms of quality content. The move has arrived after Oppo has accumulated 250 million monthly active users of its smartphones in the world. Every month, more than 200 million users...
BUSINESS

December 28th, 2018 US based video streaming service provider Netflix has reportedly picked up 1.5 lakh sq ft office space in Bandra-Kurla Complex (BKC), Mumbai's new business district, on long-term lease to set up its India head office. The video streaming giant leased the office space spread over two floors in commercial tower...
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