{"id":400,"date":"2015-10-24T11:24:12","date_gmt":"2015-10-24T11:24:12","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=400"},"modified":"2021-07-14T12:18:18","modified_gmt":"2021-07-14T12:18:18","slug":"corporate-update-for-the-month","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/corporate-update-for-the-month\/","title":{"rendered":"CORPORATE UPDATE FOR THE MONTH"},"content":{"rendered":"

CORPORATE UPDATE FOR THE MONTH: \u00a0<\/strong><\/span><\/p>\n

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  1. Wal-Mart\u2019s India sales go south by 32% in 2014<\/strong><\/a>
    \nSep 28, 2015<\/em><\/strong>
    \nThe Indian unit of Wal-Mart Stores Inc, the world’s largest retailer, posted its first ever sales decline after parting ways with key client Bharti Retail and halting store expansion amid an ongoing internal probe into alleged corrupt practices. Wal-Mart India’s revenue dropped 32% to Rs 2,992.7 crore in the year ended December 2014. With no new stores opened during the year, the wholesale company narrowed its loss to Rs 232 crore, according to filings with the Registrar of Companies.<\/p>\n

    Source:\u00a0<\/strong>http:\/\/brandequity.economictimes.indiatimes.com\/news\/business-of-brands\/wal-marts-india-sales-go-south-by-32-in-2014\/49132732<\/a><\/strong><\/p>\n<\/li>\n<\/ol>\n

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    1. Index Outlook: Indices await fresh cues<\/strong><\/a>
      \nSep 28, 2015<\/em><\/strong>
      \nThe domestic market indices started the week on a negative note, due to weak global cues. Continuing with the downtrend, the indices took cues from the lacklustre Chinese September economic data released last week. The preliminary Caixin China manufacturing purchasing managers’ index (PMI) declined to a six-and-a-half-year low of 47 in September compared with a final reading of 47.3 in August. This set a weak tone for Asian stocks. The Volkswagen scandal triggered a fall in the European stock, which dragged other indices as well. The global indices, however, witnessed a positive momentum\u00a0on Friday\u00a0and recovered some of its initial losses. \u00a0Source: \u00a0<\/strong>      http:\/\/www. the hindubusinessline.com\/portfolio\/technically\/index-outlook-indices-await-fresh-cues\/article7692705.ece<\/a><\/strong><\/li>\n<\/ol>\n
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      1. Will cotton have another bearish year?<\/strong><\/a>
        \nSep 28, 2015<\/em><\/strong>
        \nCotton spot prices have started to decline. The production outlook remains uncertain, as the weather is still volatile. However, by now, data on the demand-supply balance for 2014-15 is in the public domain. The current cotton year ending on September 30 will see record levels of carry-forward stocks. The total stocks at the dawn of the new season would be around 83 lakh bales (170 kg). Of this around 18-20 lakh bales will lie with government agencies. Last year, these agencies (mainly Cotton Corporation of India) procured record quantities of about 87 lakh bales under its minimum support operations. Of these, about 70 lakh bales are expected to be auctioned before the seasonends.\u00a0Source:\u00a0<\/strong>        http:\/\/www.thehindubusinessline.com\/portfolio\/real-assets\/will-cotton-have-another-bearish-year\/article7694988.ece<\/a><\/strong><\/li>\n<\/ol>\n
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        1. Mobile printing in India a top priority for HP<\/strong><\/a>
          \nSep 28, 2015<\/em><\/strong>
          \nCommitting itself to Prime Minister Narendra Modi’s ‘Digital India’ initiative, US-based Hewlett-Packard has said it will focus on mobile printing and will explore the possibility of setting up a printer manufacturing unit in India. HP Asia-Pacific Japan VP (Printing Systems) Leong Han Kong said India is a major growing market for HP and the challenge before the company is to make people in India aware of the mobile printing technology.Source :\u00a0<\/strong>          http:\/\/www.business-standard.com \/ article\/pti-stories\/printer-manufacturing-in-india-a-top-priority-for-hp-115092700126_1.html<\/a><\/strong><\/li>\n<\/ol>\n
            \n
          1. Liberty to raise stake in joint venture with Videocon to 49%<\/strong><\/a>
            \nSep 28, 2015<\/em><\/strong>
            \nThe Videocon group is set to sell a part of its stake in its general insurance joint venture (JV) with Liberty Mutual, which would see the US insurance giant raising its stake to 49 per cent, as per the new insurance regulations. Liberty holds 18 per cent in the company. Videocon Group Chairman V N Dhoot said this was a part the group’s plan to unlock value in some of its businesses, including insurance and energy investments across the world.Source:<\/strong>            http:\/\/smartinvestor.business-standard. com\/market\/Marketnews-338252-Marketnewsdet-Liberty_to_raise_stake_in_joint_venture_with_Videocon_to_49.htm#.Vgj-6NKqqko<\/strong><\/a><\/li>\n<\/ol>\n

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            CORPORATE UPDATE FOR THE MONTH: \u00a0 Wal-Mart\u2019s India sales go south by 32% in 2014 Sep 28, 2015 The Indian unit of Wal-Mart Stores Inc, the world’s largest retailer, posted its first ever sales decline after parting ways with key client Bharti Retail and halting store expansion amid an ongoing internal probe into alleged corrupt …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[98,647,102,145,144,765,142,146,51,623,844,118,100,1],"tags":[555,566,502,501,569,400,537,562,560,550,538],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/400"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=400"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/400\/revisions"}],"predecessor-version":[{"id":996,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/400\/revisions\/996"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}