BHUBANESWAR | THURSDAY, 10 AUGUST 2017 COMPANIES 5. <
PRESS TRUST OF INDIA
New Delhi, 9 August
Homegrown automajor Tata Motorsreported 41.54 per
cent jump in net profit to~3,199.93 crore for the Junequarter of the current fiscal,benefiting from one-timegain relating to changesmade to JLR pension plans.
It had posted consolidatednet profit of ~2,260.4 crore inthe April-June period of lastfiscal, Tata Motors said in aBSE filing. Income from oper-ations during the periodunder review stood at~59,818.22 crore, as against~66,165.89 crore in the year-ago period, down 9.59 percent. “Consolidated profitbefore tax for the quarterincludes one-time gain of~3,609 crore (437 millionpound) relating to thechanges made to the JaguarLand Rover pension plans,”Tata Motors said.
Volume sales, includingexports of commercial andpassenger vehicles for thequarter stood at 1,11,860 units,down 11.8 per cent when com-pared to the correspondingquarter last year, it said.
Tata Motors said its oper-ating performance broadlyreflected JLR’s lower whole-
sale volumes excluding ChinaJV and continuation of high-er competitive incentive lev-els and launch and growthcosts seen in FY17.
In the domestic market,there has been significant de-growth in the medium andheavy commercial vehiclessegment, flat light commer-cial segment and moderate
growth in passenger vehiclessegment. Tata Motors MD &CEO Guenter Butschek said:“While the first quarter resultshave not met our expecta-tions, we are working withrenewed focus and energy toimprove performance of ourcommercial and passengervehicle businesses.” On astandalone basis, Tata Motors
posted loss of ~467.05 crore forthe June quarter of 2017-18 fis-cal. It had registered a profit of~25.75 crore in the same periodof 2016-17. Total income fromoperations on a standalonebasis during the quarter was at~10,375.32 crore as comparedto ~11,434.91 crore in the year-ago period, down 9.26 percent. British arm JLR reporteda revenue of £5.6 billion, up£244 million.
JLR’s profit before tax was£595 million, up from £399million in the year-ago period.This included a £437 millionone-off credit relating to recentchanges designed to improvethe sustainability of the com-pany’s defined benefit pensionplans, Tata Motors said. JLRretail sales for the quarter wasat 137,463 units, up 3.5 per centfrom the year-ago period.
Tata Motors net up 42%on one-time JLR gain
T E NARASIMHAN
Chennai, 9 August
Despite roadblocks, in the form of thegoods and services tax (GST) and uncer-tainty over continuation of Fame (fasteradoption and manufacturing of hybridand electric vehicles) schemes, electrictwo-wheeler makers are going aheadwith their investment plans.
Hero has said it would invest ~50-75
crore a year to bring high-speed scooters,while new entrant Okinawa Auto-techhas said it would invest around $40 mil-lion (around ~300 crore). Okinawa alsoplans to manufacture batteries, throughits vendors, locally.
According to reports, India’s elec-tric-two-wheeler market is all set todouble to 45,000 units this year. Heroclaims around 65 per cent market sharein the space. Sohinder Gill, chief exec-
utive officer, Hero Electric, said theyaim to be a ~1,000-crore company inthe next four years, as against around~100 crore now. To support the growth,it is planning to launch at least two newscooters every year for the next fewyears. Each would attract an invest-ment of around ~25 crore.
The firm will offer higher speed so asto make them similar in performance topetrol scooters, said Gill.
E-scooter makers accelerate growth
INDIVJAL DHASMANA
New Delhi, 9 August
London-based Dunnhumby plans toopen its second research and devel-opment centre in India to provide cus-tomer-centric services and data-driv-en solutions to its global clients.
The company, which has one cen-tre in Gurugram, offers services tofirms such as Cadbury, Coca-Cola,Colgate-Palmolive, Danone, Diageo,GloxoSmithKline, Johnson & Johnson,Kellogg’s, L’Oréal and Unilever.
The company is yet to take a call onthe location of the new centre, its newChief Executive Officer GuillaumeBacuvier, who was earlier vice-presi-dent of advertising solutions at Google,said. Dunnhumby has fewer than 400people, mainly data scientist and engi-neers, at its R&D centre in Gurugram.In the past few years, hiring at the firmgrew about 20 per cent a year. Bacuviersaid: “We hope to continue doing so.”
The company does not have clientsin India as of now but is eyeing bigretail groups and consumer goodscompanies. It already servesHindustan UniLever, Procter andGamble at the global level. “It can beany international company with oper-ations in India. It can be any nativeIndian company,” he said.
As to how his experience withGoogle helped him initiate the busi-ness strategy in the new firm, he said,“We help retailers generate revenueby selling advertising on their websiteswithin their store, we help them usetheir data to create and target audi-ence segments basically that can beused to draw an advertising, so I bringexperience of that space because this ishow Google makes money primarily.”
So far as his competition in Indiais concerned, he said there are somelocal players, more so software play-ers, in space of CRM systems and bigdata. “So we have a bit of local com-petition, though no one quite doesnear what we do. And then in addi-tion to that, some consulting firms,like Accenture, operate somewhat inour space because dunnhumby isboth a consulting company and asoftware company,” he added.
GoAir plans international foray ANEESH PHADNIS
Mumbai, 9 August
GoAir plans to launch overseasoperations with flights fromMumbai to Phuket and Malein Maldives, in the winterschedule. GoAir became eligi-ble to launch internationalservices last year when itinducted its 20th aircraft.However, the launch has beenpostponed because of delay indeliveries of the AirbusA320neo planes.
GoAir has 23 Airbus A320planes including five A320neoaircraft. The airline is expectedto receive two planes by Octoberand would firm up its overseasplans by then, sources said.
A GoAir spokesperson didnot respond to an email queryon the topic. At present, there
are no direct flights fromPhuket to India, and Male islinked only to cities in southIndia and Delhi. Securing a slotat the Mumbai airport couldbe easier given the airportoperator's preference for vir-gin international routes.
“We have plans to start over-seas operations from Octoberthis year,” GoAir's ManagingDirector Jehangir Wadia said.He said initially the airlinewould fly to Asian destinations.
International traffic from
India is growing at about nineper cent and rival low-costcarriers are increasing fre-quencies or launching newroutes to cater to thisdemand. IndiGo has pro-posed to start services toColombo from Mumbai andBengaluru and has appoint-ed a general sales agent in SriLanka. It is considering ATRaircraft services as well. AirIndia Express, on the otherhand, is starting a Madurai toSingapore service.
GoAir had planned to beginits international operations withflights from Kochi to Doha inQatar and Dammam in SaudiArabia by the second-half of thisyear. But, the launches havebeen put on the back-burner.They have now zeroed in onPhuket and Maldives.
How is SAP addressingfirms’ demand for digitaltransformation?In Asia-Pacific, our softwareand cloud revenues grew 13per cent and cloud sub-scriptions and support rev-enue grew 52 per cent (year-on-year). Our first focus inIndia is on digital transfor-mation and innovation forsmall and medium enter-prises. The second is ourpartnership with the min-istry of micro, small andmedium enterprises, wherewe are targeting 30,000firms to become digitallyready. Besides these two, weare also educating business-es and people and work withover 320 universities.
Can MSMEs afford thecosts involved?We have got a pricing modelfor all our solutions andabout 80 per cent of our cus-tomers in India and evenacross Asia Pacific and Japanare small and mediumenterprises. Our pricing iscompetitive and we havebeen working with MSMEsever since we have had a basein the region. We have solu-tions that are tailor-made forthis segment. These busi-nesses will ultimately be theeconomic drivers.
How has business in Indiaresponded to digitaltransformation?Indian customers have anappetite for innovation andlead change. Companieshere never debate a moveto digital. They are alwayspushing to grow their busi-ness in the domestic mar-ket and internationally.The stable economic andsocial atmosphere helps
create a sense of confi-dence. This is encouraging.We are optimistic across allmarkets here.
Indian IT firms are goingthrough a rough patch oflow growth and lay-offs insome cases. Your views?There is no issue with SAPbusiness or professionals, asthe demand is strong. Thereis a strong resilience in themarket place that we oper-ate in and short-term eco-nomic cycles don’t have amajor impact. In our case, weincrease our headcount by1,000 every year and our cur-rent size is 11,000 employ-ees. If you add the 600 part-ners we work with, thenumber of SAP profession-als rises to 200,000 people.
How are you working withstart-ups?We work with start-ups in anumber of ways. They cancreate a viable business andharness a market within ashort time and that is a tar-get area for SAP. We have afocused global programmewhich helps incubate start-ups and bring them up toscale. We have a proud his-tory of working with smallenterprises to help theirbusiness. We keep an eyeon innovations across thestart-up ecosystem andhave a close relationshipwith the startup communi-ty. It helps us rethink ourbusiness models.
More on business-standard.com
‘Indian clientshave appetite forinnovation’
SCOTT RUSSELLPresident, SAP
"WHILE Q1 RESULTSHAVE NOT MET OUREXPECTATIONS, WEARE WORKING WITHRENEWED FOCUS ANDENERGY TO IMPROVEPERFORMANCE OF OURCOMMERCIAL ANDPASSENGER VEHICLEBUSINESSES"GUENTER BUTSCHEKMD and CEO, Tata Motors
Dunnhumbyeyeing bigretail chainsin India
Riding on the back of a steady revenue growth and a 33 percent jump in its two-year-old cloud business, SAP is focusingon micro, small and medium enterprises (MSMEs) in India asthe next big revenue platform. SAP Asia Pacific Japan PresidentSCOTT RUSSELL talks to Romita Majumdar on their strategy.Edited excerpts:
Commercial vehicles maker Eicher Motors onWednesday reported a 22.14 per cent rise inconsolidated net profit at ~459.62 crore for the firstquarter ended June 30, 2017. It had posted a netprofit of ~376.29 crore during the April-Junequarter a year-ago. Total consolidated income wasup 29.49 per cent to ~2,332.67 crore during thequarter under review, against ~1,801.30 crore inthe corresponding quarter of FY16.
PRESS TRUST OF INDIA
Eicher Motors Q1 net profit rises 22%
Date : 07.08.2017 Authorised OfficerPlace : Bargarh The Federal Bank Ltd.
BRANCH : KOLKATA ASSET RECOVERY,Ground Floor, Olisa House, 4 Govt.,Place North, Kolkata-700001
POSSESSION NOTICEWhere as, the undersigned being the Authorised Officer of theFederal Bank Ltd. under the Securitization & Reconstruction ofFinancial Assets and Enforcement of Security Interest Act,2002(hereinafter referred to as Act) and in exercise of powers conferredunder Section 13(12) of the said Act read with Rule 3 of theSecurity Interest (Enforcement) Rules, 2002 (hereinafter referredto as Rules) issued a demand notice dated 05.05.2017 callingupon the Borrowers: 1) Md. Jasimudin, S/o- Md. Saukat Alicarrying on business in the name and style of M/s. KhooshbooCollection, At: Main Road, Bargarh, Infront of Kalyan Mandap,Bargarh-768028 and residing At: Nuapada, Ward No.: 7, Bargarh-768028, Odisha State and 2) Smt. Sahina Arafi, W/o- Md.Jasimudin, residing At: Nuapada, Ward No.: 7, Bargarh-768028,Odisha State to repay the amount mentioned in the notice beingRs.7,23,632/- (Rupees Seven Lakhs Twenty Three ThousandSix Hundred and Thirty Two Only) within 60 days from the dateof receipt of the said notice.The borrowers having failed to repay the amount, notice is herebygiven to the borrowers and the public in general that the undersignedhas taken possession of the property described herein below inexercise of powers conferred on her/him under Section 13(4) of thesaid Act read with Rule 8 of the said Rules on this 7th day ofAugust 2017.The borrower�s attention is invited to the provisions of the section13(8) of the Act, in respect of time available, to redeem thesecured assets (security properties).The borrrowers in particular and public in general is hereby cautionednot to deal with the property and any dealings with the property willbe subject to the charge of the Federal Bank Ltd., for an amountRs.7,23,632/- (Rupees Seven Lakhs Twenty Three ThousandSix Hundred and Thirty Two Only) and interest thereon.
DESCRIPTION OF THE IMMOVABLE PROPERTYAll that piece and parcel of the landed property measuring 5decimal comprised in Khata No.:2414/10967, Plot No.: 500/20317,Mouza: Bargarh, P.S./Tahasil: Bargarh, Dist.: Bargarh, State:Odisha, Bounded by East: Road, West: Land of Chungilal Seth,North: Land of Trilochan Pradhan, South: Road.
Printed and Published by Joydeep
Chakraborty on behalf of Business
Standard Private Limited and printed at
Nijukti Khabar Prakasan, Plot No. TS-3/193
Mancheswar Ind. Est. Bhubaneswar-10
and published at 10th floor. IDCO Tower,
Janpath, Bhubaneswar - 751022
Editor : Shyamal Majumdar
RNI NO: ODIENG/2007/22777
Readers should write their feedback at
Ph. 011-23720202, Fax :+91-11-23720201
For Subscription and Circulation
enquiries please contact:
Ms. Mansi Singh
Head-Customer Relations
Business Standard private Limited.
3rd & 4th floor, Building H,
Paragon Condominium, Opp Century Mills,
P B Marg, Worli, Mumbai - 400 013
E-mail: [email protected]
“or sms, SUB BS to 57007”
DISCLAIMER News reports and feature
articles in Business Standard seek to present
an unbiased picture of developments in the
markets, the corporate world and the
government. Actual developments can turn
out to be different owing to circumstances
beyond Business Standard’s control and
knowledge. Business Standard does not take
any responsibility for investment or business
decisions taken by readers on the basis of
reports and articles published in the
newspaper. Readers are expected to form their
own judgement.
Business Standard does not associate itself
with or stand by the contents of any of the
advertisements accepted in good faith and
published by it. Any claim related to the
advertisements should be directed to the
advertisers concerned.
Unless explicitly stated otherwise, all rights
reserved by M/s Business Standard Pvt. Ltd.
Any printing, publication, reproduction,
transmission or redissemination of the
contents, in any form or by any means, is
prohibited without the prior written consent of
M/s Business Standard Pvt. Ltd. Any such
prohibited and unauthorised act by any
person/legal entity shall invite civil and
criminal liabilities.
No Air Surcharge
Business Standard
BHUBANESWAR EDITION
REC Market: Price & Volume-26 July 2017Volume (REC) Price (Rs/REC)
Non-Solar 378,417 1,500
Electricity Market: Price & Volume-July 2017
DAY-AHEAD MARKETTotal
Volume (MU)*3,669 Average Daily
Volume (MU)118
TERM-AHEAD MARKETContracts Weekly Intraday Day-ahead
ContingencyDaily
Total Volume (MWh) – 44,741 14,983 –
Max Price (Rs/kWh) – 6.10 5.70 –
Min Price (Rs/kWh) – 0.50 0.40 –
For any further information, please contact:Indian Energy Exchange Limited (CIN: U74999DL2007PLC277039)
Tel: +91-11-4300 4022/33 | Email: [email protected] | www.iexindia.com
Area Prices (Rs/kWh)
Area Average Min Max
East, North East, West 2.45 0.50 6.03
North 2.54 0.50 6.03
South 2.59 0.50 6.03
* MU = Million Units
Discoms | Industries Buy 24x7 power
After two month pause in REC trading (May and June’17), on20 July 2017, the Honorable Central Electricity Regulatory Commission (CERC) advised IEX to resume trading in only Non-Solar REC Market. Thus, the Non-Solar REC Trading Session was held on 26 July 2017.
