mRUPEE to ease cashless payments at HP Petrol Pumps

Ensures swift and seamless fuel payments across 100 HPCL outletsto begin with mRUPEE, a subsidiary of Tata Teleservices, today announced its association with Hindustan Petroleum Corporation Limited (HPCL), a leading state-owned oil and natural gas company whereby mRUPEE wallet will now be available as a payment option at nearly 100 HP outlets across the country. Over the next two months, this feature will be available at more than 2000 HP outlets across 16 states. mRUPEE wallet will ease the cashless payments as customers can nowpay for their fuel bills by…

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Shriram City Union Finance Ltd standalone net profit rises 34.3%

Prominent NBFC Shriram City Union Finance Limited (Shriram City) today declared its results for the second quarter of FY2017 ended 30th September 2016.  Standalone Net Profits stood at Rs. 204.49 Crore, a growth of 34.3%, over the same period last year. Income from Operations, at Rs. 1115.29 Crore was higher by 18 %. Net Interest Income grew by 22.3% and stood at Rs. 735.13 Crore. Assets Under Management (AUM) grew by 18% to aggregate Rs. 21390 Crore. Subsidiary Shriram Housing Finance Ltd. logged a growth of 75% in Assets Under Management…

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WPI inflation hits 23-month high of 3.55% in July

Wholesale inflation soared to a 23-month high of 3.55 per cent in July as vegetables, pulses and sugar turned costlier. The wholesale price-based inflation, reflecting the annual rate of price rise, in June stood at 1.62 per cent. In July 2015, WPI inflation was (-)4.00 per cent. The wholesale inflation last witnessed at a higher level than the July 2016 was in August 2014 at 3.74 per cent. Wholesale price index (WPI) inflation in vegetables shot up by 28.05 per cent in July, while that in pulses rose 35.76 per…

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Compuage Infocom PAT up by 21.46%

The Net Profit, increased from Rs. 2.82cr to Rs. 3.42 cr. Sales Increased by 1.88% from Rs. 673.1cr to Rs. 687.79cr. August 8, 2016, Mumbai: Compuage Infocom Ltd (BSE Code 532456), one of the India’s leading IT distribution company announces its first quarter result for the FY16-17. On a year-to-year basis, the profit increased by 21.46% from Rs. 2.82 cr to Rs. 3.42 cr. Also the sales for the quarter ended June 30, 2016 increased by 1.88% from Rs. 673.1 cr to Rs. 687.79cr. Key Operating Highlights Recorded net sales…

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