Toyota Kirloskar Motor has launched its new Etios and Etios Liva, priced Rs 5.74-7.06 lakhs for Etios and Rs 4.76-6.95 for Liva. The diesel version are supposed to have a mileage of 23.6 km per liter, while the petrol version is supposed to have a mileage of 17.7 for Liva and 16.8 for Etios. Toyota […]
The Telecom Regulatory Authority of India has asked Loop Mobile to inform its subscribers that it would stop its services in its only circle, Mumbai, permanently on November 28. Loop Mobile did not participate in the Mumbai spectrum auction and therefore has no spectrum to continue its services once its license expires on November 28. […]
The exit by US fund Bain Capital from Indian motorcycle maker Hero MotoCorp was the biggest in the second quarter of 2014, a report by Pricewaterhouse Coopers said. Bain Capital sold Hero MotoCorp shares worth $245 mln (close to Rs 1,450 cr), making it one of the biggest private equity exits of the year, according […]
The private equity investments in India sustained their past performance for the second quarter of the year (April to June 2014). PE firms invested 2.83 billion USD across 95 deals, registering a growth of 7 percent in value over the preceeding quarter. However there was a 20 percent drop in volume in this period. In […]
The deallocation of coal blocks by the Supreme Court will hit metal players harder than most power players, Crisil Research said in a report. Power costs in West Bengal and Punjab could rise, it added. It said power generation companies will be able to pass through increased costs, but not metal companies. Coal is used […]
Hindustan Unilever Limited, India’s biggest FMCG company, said it has changed its sales and customer development head. It said it has appointed Punit Misra, currently Vice President for Route To Market (RTM) for Distributive Trade/Traditional Trade and Cash & Carry, as Executive Director and Vice President, Sales and Customer Development. Misra will be part of […]
After weeks of promos, Snapdeal will next week launch Jolla, the eponymously named smartphone from Jolla Oy, a Finnish company that was formed from the remnants of Nokia and Intel’s MeeGo operating system project. Jolla’s Sailfish operating system was supposed to be one of the challengers to Android, along with Samsung’s Tizen, but while the […]
Achhe din seems to have arrived for the stock market already as Asia’s first stock exchange, BSE, set a new record today by executing nearly 46.5 crore (465 mln) orders. Earlier this year in April 2014, BSE had launched its equity trading platform software ‘BOLT Plus’. The BSE trading system (Bolt Plus) is based on […]
India’s exports and imports are both starting to show a pick up as economic conditions improve, Crisil Research said. The research agency’s comments came after data for August showed that India’s trade deficit fell to 4-month low of $10.8 billion due to a 15% y-o-y decline in oil imports. Lower oil imports were driven by […]
Apollo Tyres Ltd subsidiary Apollo Tyres Africa Proprietary Limited has initiated business rescue proceedings, similar to bankruptcy protection proceedings in the US, to deal with financial and operational challenges. The company has voluntary initiated the proceedings and “has appointed a specialist to re-structure its operations and to secure best value for all stakeholders,” the Indian […]
Retail inflation is likely to remain slightly below last year’s levels going forward as a higher base and government action prevent a repeat of last year’s spike in prices, CRISIL Research said. It also predicted that the Reserve Bank of India will not cut its interest rate this year. “This year, given the steps taken […]
Indian property developers are anticipating a 35% surge in enquiries from NRI-based purchasers as compared to last year about 18%, even as Bangalore remains their favorite destination, reveals the Associated Chamber of Commerce and Industry of India (ASSOCHAM) latest study. The ASSOCHAM conducted a random survey of nearly 850 real estate developers in Delhi-NCR, Chandigarh, […]
A day after SpiceJet announced Rs 499 scheme, competitor Jet Airways followed suit for Economy class passengers on its domestic network. “Guests will be able to enjoy substantial discounts across all destinations on the airlines’ domestic network. The all inclusive fares start from INR 500,” the company said. It may be noted that customers have […]
ErosNow, an internet-based content website from Eros International, has tied up with Delhi-based cable network. Under the tie-up, Home Cable Network’s subscribers will be able to view their favorite content from Eros’ library of films and music on multiple devices like smart-TVs, PCs, laptops, tablets and mobiles. It is not clear whether the service will […]
Tata Power said it expects to normalize power supply to the city of Mumbai by late night today, as it deals with the aftermath of a ‘tripping’ at one of its power production units in the city. Power supply to Mumbai was disrupted at 09:45 AM due to tripping of 500 MW unit at Trombay […]
The rumors of an impending Galaxy S5 refresh version have never really died down. Now, according to an industry source, Samsung may launch a more expensive model of the flagship phone with LTE-A that will cost about Rs 55,000, or about 45% more than the Samsung Galaxy S5 that is currently available in the Indian […]
All the cable operators who are dragging their heels on implementing digitization need to watch out as the regulator has suggested imposing lakhs, or even crores of rupees as fines for delays in billing and other requirements. “In the cases where any non-compliance of the regulations 15(1) or 15(5) is observed by the Authority, a […]
Centre for Science and Environment (CSE), the New Delhi-based research and advocacy think-tank, released a statementin response to what it called myths perpetuated by the Indian poultry industry. Following the impact on chicken sales in certain states of India after the recent CSE report which had noted that chicken sold in Delhi-NCR had antibiotic residues, […]
Unless you want to feel left behind, you might consider prebooking a meal next time you fly SpiceJet. The airline today said customers with pre-purchased meals will be served meals first on board. Others will be served only after that. The idea is to get more people to prebook their meals, as it helps the […]
A prominent Bangalore-based e-retailer is planning to launch one of the most powerful mini PCs in the world, the Gigabyte Brix GB-BXi7-4770R, along with Zotac Zbox CI540. The Gigabyte Brix model is likely to be launched in the coming days, while the date for the launch of Zotac Zbox has not been firmed up, according […]
