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Showing posts with label Business News. Show all posts
Showing posts with label Business News. Show all posts

Tuesday, 19 January 2021

These 5 Businesses Will Make You Wealthy, You Don’t Even Need Much Money to Start






If you are also planning a lucrative business, today we will tell you about 5 businesses through which you can earn bumper earnings and the most special thing is that you have special training for this. ) It Will not be required. You will also get financial support from the government for all these businesses

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1 Milk trade
In this case the milk business comes first. You can get a good cow for Rs 30,000 and a good buffalo for Rs 50,000-60,000. You can start your own business with one or two animals.



2. Floriculture
Demand for this specialty has grown significantly as a result of recent corporate scandals. You can grow flowers anywhere by renting a little land. You can sell flowers by interacting with many online websites. Cultivation of sunflower roses, golgotha etc. are beneficial.


3. Earnings from trees too
If you also cultivate one or two vidhas, you can plant very valuable trees like shisham, teak in them and earn money. Properly covered, it will withstand a great deal of adverse conditions. The rosewood tree sells for around Rs 40,000. Teak trees are also more valuable. Which can give you a good price.

4. Honey business
The business of beekeeping for beekeeping is years old, but over time it has come into commercial form and is becoming very profitable. This work can be started from one to one and a half lakh with a few tools. But yes, you need a lot of training for this, but this job gives you a lot of benefits.

IMPORTANT LINK


5. Cultivation of vegetables
Traditional wheat-rice farming is not possible for everyone, but growing vegetables in small and large plots can make you rich. Vegetables like chillies, cauliflower, tomatoes can fill your pockets.
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Friday, 18 December 2020

Coldwave:Mercury minus 1 degree in Mount Abu, snow covered the car, tourists stay in hotels till late AmirgarhA few moments ago



The mountaineers enjoyed pulling up a sheet of ice spread over their carts.

Snow was seen all around the Polo Ground




Mount Abu, the only hill station in the state of Rajasthan, is experiencing a severe cold snap. A large drop in mercury has been observed. The minimum temperature on Wednesday night was recorded at minus 1 degree and the maximum temperature was recorded at 17 degrees. The mountaineers enjoyed unloading the snow from their vehicles.


Mount Abu is experiencing a cold snap. The minimum temperature in Mount Abu was recorded at minus 1 degree on Wednesday night, when the mercury froze below freezing. Tourists were staying in hotels till late. The mountaineers, on the other hand, tried to escape the cold by wearing warm clothes and using heat. Due to the extreme cold in Mount, the roads were crowded with tourists at night as well as early in the morning and the people of Mount enjoyed removing the sheet of snow spread on their vehicles.
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Thursday, 2 November 2017

Airtel Is invest Rs 25,000 crore in capex this fiscal!๐Ÿ˜ฑ



major of Telecom; Bharti Airtel said that it will invest Rs 25,000 crore in expanding and strengthening its 4G network during the ongoing fiscal year instead of Rs 20,000 crore announced earlier.

'Considering the data explosion in India to accelerate our 4G roll out in terms of coverage and also build additional capacities in existing geographies.our capex forecast for the year is being upped from initial guidance of Rs 20,000 crore to Rs 25,000 crore'.
Bharti Airtel Chief Financial Officer Nilanjan Roy said during earnings call.
The company also said that it is likely to shut down its 3G network in 3-4 years and refarm the spectrum linked with it for 4G services.
'There is almost no spent that we are doing on 3G. Our view is in next 3-4 years we are likely to see 3G network actually shut down faster than 2G network because there are still 50 percent of phone being shipped out in India that are feature phones,'Gopal Vittal, MD and CEO, India and South Asia, Bharti Airtel, said during earnings call.
He said that the company is investing in 4G technology to build more data capacity in the network.The company will use 2100 megahertz band, which is used for 3G services, for 4G services.
'Where we have the second career of 3G or third career then through flip of software you get incremental capacity on 3G. Most of that spectrum will finally go towards 4G for which we will need to have radio units,' Vittal said.
Vittal said that in some telecom circles the company has installed modern 3G equipment which can support 4G services but the initially deployed equipments for 3G services will need to be replaced.
'Some of the older radios are pure 3G which we need to replace. It will take its time. I think that the answer for that will be function of how fast pick up of voice happens on 4G VoLTE. The moment that happens voice will not be required to be carried on 3G which can help refarm us 2100 Mhz for 4G,'Vittal said.



The telecom major on the previous day posted sixth straight quarter of drop in earnings as its consolidated net profit plunged 76.5 percent to Rs 343 crore for the September quarter compared to Rs 1,461 crore it registered in the same period a year ago.
However, it recorded four-fold growth in the mobile data traffic during the reported quarter in India, and its mobile broadband customers rose by 33.6 percent to 55.2 million.
An Airtel representative on the call said that revenues will be further hit to the tune of 4 per cent of its consolidated EBITDA or around Rs 300 crore in the ongoing quarter due to the reduction in mobile call connection charges to 6 paise applicable from October 1.
Mobile companies charged 14paise/minute  for allowing a domestic call from a rival operator to terminate on their network before October 1. The Telecom Regulatory Authority of India, the body which determines it, has made it 6 paise per minute from October 1.

The consolidated revenues for the just-ended quarter, at Rs 21,777 crore, represented a year on year drop of 10.4 percent on an underlying basis when adjusted for Africa & Bangladesh divested operating units and tower asset sale.

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Wednesday, 1 November 2017

Bharti Airtel hits 10-year high, up 8% on stellar Africa earnings, hope of early tower biz sale!


Country' slargest telecom operator Bharti Airtel's share price touched a fresh 10-year high on Wednesday, rising nearly 8 percent intraday after the stellar Africa business performance in September quarter. The rally was also fuelled by hope of early sale of tower business.

The stock price hit an intraday high of Rs 536.05, the highest level since October 2007, on the Bombay Stock Exchange. It rallied 28 percent in October, after acquisition of consumer telecom business from Tata Teleservices and on hope of stabilisation in tariff rates. At 10:55 hours IST, it was quoting at Rs 530.35, up 6.57 percent.

Consolidated profit, however, was lower by 6.6 percent sequentially to Rs 343 crore, dented by pricing pressure in India business; but Africa business boosted its operational earnings.
Consolidated revenue from operations slipped 0.8 percent quarter-on-quarter to Rs 21,776.9 crore as India business revenue dropped 5.2 percent sequentially to Rs 12,245 crore.Analysts said Airtel posted solid set of numbers in a tough quarter.
While reiterating a buy call on the stock with a target price at Rs 495 per share, UBS said India mobile business revenue declined but key performance indicators showed strong defence against competitor.
CSLA has upgraded Bharti Airtel to buy from underperform and raised target price to Rs 637 from Rs 430 per share as consolidation & data have revived long-term growth.

The research house sees 16 percent CAGR in EBITDA over FY18-21 and feels long-term growth is set to revive starting FY19.
Credit Suisse, however, has retained its neutral rating on the stock, though it raised target price to Rs 430 from Rs 400 per share after increase in EPS estimates by 5-6 percent for the current and next financial year to factor in better Africa margins.
Meanwhile, Airtel has been approached by a few reputed global investors to acquire a significant stake in Bharti Infratel which, if accepted, could result in such investors acquiring control of Bharti Infratel," the telecom major said in its filing.

The committee of directors of Bharti Airtel is considering the proposal received from the global firms. Bharti Airtel holds 50.33 percent stake in Bharti Infratel and its wholly owned subsidiary Nettle Infrastructure Investments 7.68 percent stake.

Bharti Infratel on Monday had said it would explore acquiring additional stake in Indus Towers. Bharti Infratel and Vodafone India hold 42 percent stake in Indus Towers and rest is held by Idea Cellular.

The deal between Bharti Infratel and Indus, if it happens, will create India's largest mobile tower company with about two-and-a-half times the size of its nearest rival BSNL, as per the industry figures.

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Friday, 13 October 2017

Bharti Airtel to buy Tata’s mobile business on debt-free cash-free basis



                               
The Tata group is getting out of its loss-making mobile telecom business. Bharti Airtel and the Tatas on Thursday announced that they have entered into an agreement to merge the debt-laden consumer mobile businesses (CMB) of Tata Teleservices Ltd (TTSL) and Tata Teleservices (Maharashtra) Ltd (TTML) into Bharti Airtel. The deal could see over 40 million telecom customers of Tata joining Bharti Airtel and marking further consolidation in the competition-ravaged Indian telecom sector.

The merger is being done on a debt-free cash-free basis, except for Bharti Airtel assuming a small portion of the unpaid spectrum liability of Tata’s towards the Department of Telecommunication, which is to be paid on deferred basis. This implies that Bharti Airtel will not take up Rs 40,000 crore debt of TTSL and TTML and get the Tata’s telecom business virtually free. The Tata group was toying with various options, including shutting down the operations of the mobile telephony business in the wake of huge accumulated losses of close to Rs 30,000 crore and debt burden.

As part of the agreement, Bharti Airtel will absorb Tata CMB’s operations across the country in 19 circles (17 under TTSL and 2 under TTML). These circles represent bulk of India’s population and customer base. The proposed merger will include transfer of all the customers and assets of Tata CMB to Bharti Airtel, further augmenting Bharti Airtel’s overall customer base and network. It will also enable Bharti Airtel to further bolster its strong spectrum foot-print with the addition of 178.5 MHz spectrum (of which 71.3 MHz is liberalised) in the 850, 1800 & 2100 MHz bands.

Bharti Airtel will ensure services to Tata CMB’s customers, while offering them the benefits of its product portfolio, access to voice & data services, mobile banking, VAS and domestic/ international roaming facilities. Tata CMB’s operations and services will continue as normal until the completion of the transaction. The employees of Tata will be demerged on the lines of the two businesses — CMB and EFL (enterprise and fixed line and broadband), and post an optimal manpower planning will be moved accordingly.                       
N Chandrasekaran, chairman, Tata Sons, N Chandrasekaran, chairman, Tata Sons, said, “We believe today’s agreement is the best and most optimal solution for the Tata group and its stakeholders. Finding the right home for our longstanding customers and our employees has been the priority for us. We have evaluated multiple options and are pleased to have this agreement with Bharti.” The boards of Tata Sons, TTSL and TTML have approved this transaction.

“Tata and Bharti Airtel will work together to further explore other mutual areas of cooperation, that will be value accretive for both the Groups. The transaction will also provide Bharti Airtel with an indefeasible right to use (IRU) for part of the existing fibre network of Tata,” said a statement from the Tata group.

The Tatas are also in initial stages of exploring combination of its enterprise business with Tata Communications and its retail fixed line and broadband business with Tata Sky. Any such transaction will be subject to respective boards and other requisite approvals. Tata will retain its stake in Viom, and will take care of the liabilities associated with it, Tata statement said.

Chairman of Bharti Airtel, Sunil Bharti Mittal, said, “This is a significant development towards further consolidation in the Indian mobile industry … On completion, the proposed acquisition will undergo seamless integration, both on the customer as well as the network side, and further strengthen our market position in several key circles.”

“The acquisition of additional spectrum made an attractive business proposition. It will further strengthen our already solid portfolio and create substantial long term value for our shareholders given the significant synergies,” Mittal said.

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Thursday, 5 October 2017

Mumbai Boys Make 4.4 Crores A Year Selling Vada-Pav To London!!

Mumbai: Back in 2010, when the effects of global recession began to be felt, London-based Sujay Sohani remembers receiving a message from his boss, informing him that he had lost his job as food and beverage manager at the five-star hotel where he worked. With chances of survival looking bleak, Sohani reached out to his college-mate, Subodh Joshi, for help. A dejected Sohani told Joshi he didn't even have enough cash for a measly vada pav. This one statement would turn Sohani's fortune around.
                   



Days later, Sohani struck on the idea to start a vada pav chain in London. Seven years on, three branches and an annual turnover of 5,00,000 pounds (Rs 4.39 crore approx) later, the duo -- both of whom hail from Mumbai -- has become a force to reckon with on London's street food scene.

London dreams!!
Sohani, a resident of Thane, and Joshi, originally from Wadala, first met at Bandra's Rizvi College in 1999, where they were studying hotel management. "After completing the course, we decided to pursue a post graduate degree in London. When we finished the course, we got jobs in reputed hotels and were earning well. Everything was fine, until the recession hit us," Joshi says.

While Sohani lost his job at the hotel, Joshi lived in uncertainty. "I was seeing restaurants around us close down, and people were being sacked. It was one of the toughest phases of my life," he recalls. 

After discussing the vada pav business idea during one of their anxious moments, the duo decided to give it some serious thought, and started looking for possible venues in the city, where they could open a stall.
"Hounslow was a good spot, since it is frequented by Southeast Asians. We started looking for a stall there," Sohani says.
During one of the visits, the duo chanced upon a Polish ice cream cafรฉ. "The cafe wasn't doing great business, so we approached the Polish owner and asked if he would allow us to put up two tables. In return, we promised to pay him a rent of 400 pounds (R35,000) a month. He was reluctant at first, but later agreed," says Sohani.

                  



Selling the Indian burger!!
On August 15, 2010, Sohani and Joshi opened their stall to Londoners. "We first started serving vada pav for 1 pound (R80) and dabeli for 1.50 pounds (R131)," says Sohani. While friends and patrons cheered them on, in the first month, the profits were abysmal. "We realised that to popularise our product, we had to advertise it."

The duo then starting moving around the busy shopping street of Hounslow, vada pav in tow, and encouraged people to try it for free. "As burgers were being sold in other shops for nothing less than 5 pounds (R440), we promoted our item as the Indian variant that was available to them for less than half the price at 2 pounds (R175)," Sohani says of their business strategy.

Six months on, their business started gaining strength.
The cafรฉ was no longer sufficient. They found another stall a few meters away. Meanwhile, owners of a Punjabi restaurant called Big Bite, which was operating in front of their stall, approached them and asked if they'd like to do business with them. "We decided to give a shot, and that's how the Shree Krishna Vada Pav stall turned into a restaurant," Sohani says.

Soon after, Joshi quit his job and started working full time at the restaurant. Two years later, they opened their second stall in Harrow, and another one in Pinner, last year. They are took orders for weddings and parties, and included 60 new street food dishes from India on their menu.


With 35 employees spread across three branches and an annual turnover of nearly Rs 4.40 crore, the Mumbai lads now have no regrets about the twist their careers took. "Today, Indians, Romanians and Polish staff work at our restaurants. And, to imagine that it all started with bad luck and the vada pav," Sohani laughs.
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Wednesday, 4 October 2017

Bollywood Updates, Business News, Current Affairs, Educational News, Employment News, Insurance, Legends of india, Photo Gallery, Political News, Politician's Desk, Social Media Updates, Video Gallery, Yojana,
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