Shapoorji Pallonji unveils plans for mega luxury housing project in Bangalore

While many real estate majors have started going slow owing to huge unsold inventories, Shapoorji Pallonji Real Estate has just announced the launch of a huge residential project in Bangalore. The project, known as Phase 2 of the luxurious ParkWest project in Bengaluru, involves 11 high-rise towers and outstanding amenities spread across a sprawling area […]

HPCL, IOCL, Adani Ports to benefit from rupee depreciation – Fitch

Hindustan Petroleum Corporation Limited, Indian Oil Corporation Ltd and Adani Ports and Special Economic Zone Limited are among the Indian companies that will benefit the most from the rupee’s depreciation against the dollar, while Power Grid Corporation of India Ltd, NTPC Limited, Bharti Airtel Limited and Lodha Developers Private Ltd will be among the biggest […]

Flipkart starts sale of Sony Xperia Z5 Premium in India, price Rs 60k, immediate availability

Flipkart, one of India’s two largest online shopping websites, has started selling Sony Xperia Z5 Premium, India’s most expensive Android phone, at Rs 59,990. The price, though high, is actually slightly lower than what was expected. It was seen at above Rs 60,000. The high price is due to the display on the device. The […]

Manufacturing improves, but Nikkei India PMI hits a low point

Business conditions across the Indian manufacturing economy improved further in October, but purchasing manager index showed weakness, research commissioned by The Nikkei newspaper showed. October saw the weakest rise in output in current 24-month sequence of expansion and new orders increased at a slower pace. The Nikkei India PMI hit a 22-month low in October. […]

Volkswagen India recalls 389 Polo cars for brake repair

Volkswagen Passenger Cars in India said it was calling 389 Polo cars from a single batch of production from the month of September 2015 for inspection and preventive repair of the handbrake mechanism. The Quality Assurance department of Volkswagen India has determined that under certain conditions, the handbrake mechanism would lose effectiveness, it said. The […]

SpiceJet offers Dubai tickets at just Rs 4,999 from Calicut and Amritsar under scheme

SpiceJet, India’s most aggressive airline as far as discounts are concerned, announced tickets at Rs 4,999 from Amritsar and Kozhikode (Calicut) to Dubai for a limited period of time. The discount is being offered to celebrate the starting of services by SpiceJet on these routes. Bookings for tickets are open now and flight services will […]