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Showing posts from May, 2021

Confident of better performance in India this year : Mercedes-Benz

German luxury carmaker Mercedes-Benz is confident of putting up a better performance this year in India despite the severe second wave of COVID-19, banking on learnings from last year's first wave and more confidence in its customer base, according to a senior company official. Having addressed the supply chain issues that plagued it last year, Mercedes-Benz India is also sticking to its original plan to bring 15 new products in the market this year despite the launch of its SUV GLA delayed by almost a month due to fresh surge in COVID-19 cases in April. "We learnt something in the first wave. We could see how quick the economic recovery was. Yes, the first wave was not as heavy as the second wave but it took only four to six weeks from the peak to a good fourth quarter. Now of course the situation is worse but there is more confidence in the businesses on how to manage it," Mercedes-Benz India Managing Director & CEO Martin Schwenk told PTI. He further said,"If ...
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Cloud gaming platform OnMobile Global posts Q4 EBITDA at Rs 15 crore

Cloud gaming platform OnMobile Global clocked 28 per cent growth in earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 15 crore in the January to March quarter as compared to Rs 12 crore in the same period of previous fiscal.Cost rationalisation efforts and optimum marketing investments helped the company reduce manpower cost and marketing cost which resulted in the growth.Operating profits grew by 47 per cent to Rs 13 crore in Q4 FY21 but profit after tax cracked 16 per cent to Rs 15 crore.Revenues witnessed a drop of 9.7 per cent to Rs 137 crore from Rs 152 crore in Q4 FY20 -- mainly due to low collections from Europe and Middle East & Africa.As on March 31, the company said it had total assets worth Rs 899 crore as compared to Rs 881 crore in previous year.OnMobile provides end-to-end mobile entertainment solutions that include platform, apps, content partnerships and professional services to carriers across the globe. from Companies https://ift.tt/3...
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Death & journalism

The last 3 months have been the gravest period of national tragedy & there's definitely an undercount of Covid deaths. But doing that at a mass scale is tougher from Today's Paper https://ift.tt/3oYztEv
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Maruti, Toyota, M&M remain bullish on long-term growth of used car business

Leading automakers Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country. The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis with personal mobility gaining acceptance amid the coronavirus pandemic. "It is very difficult to predict how used car business will perform this fiscal year due to COVID situation. Demand for such cars is there in the market but there is pressure on their availability because of restrictions across states on account of lockdowns and curfews," MSI Executive Director (Sales and Marketing) Shashank Srivastava told PTI in an interaction. The auto major currently has 570 True Value outlets across the country where it certifies the pre-owned...
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Eye on 2024

Can Modi's third bid for power be made more challenging? If so, who will do it? And how? Especially if Gandhis and Congress fail to rise to that challenge from Today's Paper https://ift.tt/3u4jsOc
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