Tara Jewellers has opened six outlets at Shoppers Stop stores in six different cities across the country.
The new outlets are of shop-in-shop format, located at Shoppers Stop stores in Chandigarh, Bhopal, Indore, Raipur, Jaipur and Jalandhar, the company said in a statement.
As per this format, Tara Jewellers will invest in stock and the personnel who will operate the store and it will be on revenue sharing model.
Tara Jewellers Ltd Executive Director and CEO (Retail) Vikram Raizada says, "These launches are in line with our strategy to expand Tara's retail footprint through the asset light model. Consumers can continue to expect the high standards of the Tara experience at accessible prices."
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DHFL Pramerica back in black, Q2 PAT at Rs 5.8 crore * DHFL Pramerica Life Insurance (DPLI) today reported a Rs 5.8 crore consolidated net profit after tax (PAT) for the quarter ended September 30 as against a loss of Rs 24.9 crore in the same period last year.
The private life insurer garnered Rs 223 crore in New Business Premium in the first half of the current fiscal, clocking growth a of 387 per cent over the corresponding period last year, a company release said here.
The consolidated PAT for the half-year ended September 30, stood at Rs 11.3 crore compared to a loss of Rs 52.8 crore for the same period last year.
Commenting on the numbers, DPLI Managing Director and CEO Anoop Pabby said: "I am very pleased with our performance in the first half of the financial year 2014-15. This is only the beginning of our journey to greater success and profitability. We have seen excellent progress over the past 6 months on both the product and distribution fronts, which has catapulted our customer base to over 1 million lives."
DPLI will continue its emphasis on enhancing quality of advice in its quest to become the most preferred life insurance partner for its customers and distributors, he said.
The company is a joint venture between Dewan Housing Finance Corp (DHFL) and Prudential International Insurance Holdings (PIIH), a fully-owned subsidiary of US-headquartered financial services firm Prudential Financial Inc (PFI).
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Monsanto India posts Q2 net loss at Rs 4.81 cr * Agri-biotechnology major Monsanto India reported a standalone net loss of Rs 4.81 crore for the second quarter of the current fiscal on lower sales.
The company had reported a net profit of Rs 7.59 crore in the same period last year, it said in a filing to the BSE.
Net sales fell to Rs 84.63 crore during July-September quarter of 2014-15 fiscal from Rs 96.76 crore in the year-ago.
The company's expenses also increased to Rs 96.46 crore from Rs 89 crore in the review period.
The Board has recommended an interim dividend of Rs 18 per share.
Monsanto India is a subsidiary of US-based Monsanto, engaged in selling agri-inputs.
