Tag Archive for usd

L&T Technology Services (LTTS) wins USD 40 million Engineering Content Management (ECM) Deal in Europe

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By Vivek K. Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, today announced that it has won a multi-year deal to provide digital content management services to a leading technology company’s industrial products segment.

The deal is expected to run for a period of 5 years with an aggregate revenue potential of USD 40 million, covering Engineering Content Management (ECM) programs in the US and European regions.

LTTS will leverage centers in Europe, US & India while assuming complete ownership and talent to manage content for all current and future product suites for the customer. This would include technical design specifications, diagnostic solutions for service engineers and product training for customers & engineers, thereby supporting the entire ECM cycle from product conceptualization to developing digital content platforms. Read more

USD Revenue growth up 23.4% YoY; Net Profit jumps 35.2% YoY

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q1 FY19 results today.

 

In US Dollars:

  • Revenue at USD 319.9 million; growth of 3.5% QoQ and 23.4% YoY

  • Constant Currency Revenue growth of 5.1% QoQ and 22.9% YoY

 

In Indian Rupees:

  • Revenue at Rs 21,557 million; growth of 7.7% QoQ and 29.0% YoY

  • Net Income at Rs 3,612 million; growth of 24.8% QoQ and 35.2% YoY

 

“We are pleased to report a strong start to the year with 5.1% QoQ revenue growth in constant currency. Our growth has been driven by continued healthy momentum across multiple sectors, with double-digit sequential growth in BFS and High-Tech & Media in Q1. We are also happy to announce a large deal with a Global Fortune 100 consumer and pharmaceutical giant with a net-new TCV win in excess of US$ 50 Mn.   Read more

Overseas capital investment in India touches USD 2.6 bn recording a 31% growth according to Knight Frank’s Active Capital: The 2018 Report

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Knight Frank, the independent global property consultancy, today launched Active Capital: The 2018 Report. Looking at the shifts in capital flows, the report dives into the sources and destinations of cross-border investments in commercial real estate.

 

Key India findings of the report:

 

  • ·         India ranks an impressive 19th position amongst the 73 countries that attracted cross-border capital into their property market in 2017. With USD 2.6 bn of cross-border capital inflows (excluding development sites), India ranks ahead of its Asia Pacific regional counterparts like Malaysia, Thailand, Indonesia, Vietnam and Philippines, which collectively attracted lesser capital flows compared to India.

 

  • ·         Capital flows into Indian property market have been 10 times higher than the outflows in 2017. USD 2.6 bn of inflow was recorded compared to outbound capital flows to the tune of USD 0.26 bn last year. Led by a battery of reforms like RERA, GST and demonetisation, the attractiveness of Indian real estate potential has caught the fancy of international investors and developers alike resulting into this favourable investment account.

 

  • ·         Compared to 86% share in 2016, United States, Canada and Singapore collectively contributed to 84% of capital inflows to Indian property followed by United Kingdom, United Arab Emirates and Hong Kong in 2017. Read more

India’s plastics export jump 17.1% in FY18 to USD 8.85 bn as per The Plastics Export Promotion Council

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Image result for plastic export promotion council logo

India’s export of plastics posted a growth of 17.1% at USD 8.8.85 billion during the year 2017-18 as against USD 7.56 billion in 2016-17, registering a faster pace of growth than the overall merchandise export growth from India as per The Plastics Export Promotion Council (PLEXCONCIL). The merchandise exports from India touched US$ 303.3 billion, registering a growth of 9.9% in 2017-18 (provisional) vis-a-vis US$ 275.9 billion in 2016-17.

 

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Eros International’s Bajrangi Bhaijaan grosses over Rs.169.17 crores (USD 25.95 million) in first 10 days of release

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Eros International Media Ltd, a leading global film company in the Indian film entertainment industry, announced Producer Salman Khan Film’s Bajrangi Bhaijaan has collected over Rs. 160 crores within ten days of its release in China. More than two years since it opened in India, Bajrangi Bhaijaan released in China on March 2 this year and continues to enjoy a very strong box office performance earning Rs. 169.17 crores (USD 25.95 million) since its release.

 

Marking Indian super star Salman Khan’s first ever movie to release in the China market, Eros released the film in association with China’s E Stars Films Ltd and Salman Khan Ventures. After breaking several records during its Eid release in 2015, Bajrangi Bhaijaan crosses another key threshold, with the film taking a commanding start at the Chinese box office, raking in Rs. 14.5 crores on its opening day, debuting at number 7. The Kabir Khan-directed film trended extremely well through its release, climbing to number 4 box office position on its first Monday. It crossed the Rs100 crore mark within a week of release and closed the second weekend with Rs 169.17 crore ($25.95 million) in collections, retaining the number 5 position in the Chinese box office, despite new releases over the weekend.  Read more