GTPL Hathway, the country’s single largest cable feed provider, said it has tied up with France-based Verimatrix to deploy its video content authority system — a software solution that helps GTPL stream video content to its Android TVs securely. The moves comes as GTPL Hathway ramps up its Android TV box-based service. The company started […]
Maruti Suzuki India, the local unit of Suzuki Corporation, has got a new CEO after ten years. Current CEO Kenichi Ayukawa will step down next week and his place will be taken by the current Joint MD Commercial, Hisashi Takeuchi. Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. “With vast experience in the international operations […]
Brigade Group, a Bangalore-based real estate developer, announced its entry into plotted development or the villa space, responding to post-COVID changes in the market. The company said it plans to announce several gated community villa projects in the coming months. It will start off with a 66-acre project in Devanahalli, near the Bangalore airport, on […]
Alembic Pharmaceuticals said it received tentative approval from the US Food & Drug Administration to launch a generic form of blood pressure tablet Opsumit. The tablet, including generic forms such as macitentan, is one of the bigger sellers in the market with estimated annual sales of $797 mn. Most of the generic drugs sold by […]
Bangalore, India’s IT capital, is the best city for bachelors, while Ahmedabad in Gujarat was ranked at the bottom, according to a ‘liveability’ survey conducted among residents of housing societies and gated communities by MyGate app. In fact, Bangalore topped in six out of the ten parameters on which the app users were asked to […]
ElecTorq Technologies, which makes delivery-oriented Baaz electric bikes, said it raised $2 mn from investors such as Kalaari Capital, AdvantEdge, 9Unicorns and Sumant Sinha to fund its expansion plans. The company focuses on delivery workers with its bikes and automatic battery swapping network. “We are getting bombarded with requests from gig workers to join our […]
The year 2021 saw 17% more residential real estate units achieve completions in top Indian cities than could be sold, according to the latest numbers from real estate consultant Anarock Property, leading to a substantial increase in inventory in markets such as National Capital Region and Pune. According to the agency, a total of 2.78 […]
Bajaj Chetak, the first electric two-wheeler from Bajaj Auto, has been launched in Delhi, Mumbai and Goa, the company said. With this, the scooter — priced at around Rs 1.4 lakh — is now available in 20 cities. Chetak EV was launched in 8 cities during 2021, including Pune. The network has now been extended […]
Real Estate developer Puravankara Group said it will set up its first project under the Provident brand in Kerala. The project, Provident Winworth, will have properties worth Rs 3,000 cr, and is being set up with the help of investment from International Finance Corporation (IFC) and the IFC Emerging Asia Fund. Purvankara has several projects […]
Flipkart, one of India’s top two online shopping websites, said it has started buying back used mobile phones from users in return for vouchers that can be used to buy any electronics items from the website. The ‘Sell Back’ program will be applicable to items purchased from anywhere in India, and will be expanded to […]
Mahindra Lifespace Developers Ltd, a real estate construction company within the Mahindra & Mahindra group, has agreed to buy 9.24 acres of prime land from its parent, auto maker Mahindra & Mahindra Ltd, for development. “This new project is Mahindra Lifespaces’ second residential development in Kandivali after its successful ‘Mahindra Roots’ project and will offer […]
Christopher Wood, one of the few analysts to warn the public before the 2007 global financial crisis and head of Equity Strategy at brokerage house Jefferies and bitcoin investor, warned that crypto valuations are vulnerable if the US central bank follows through on its plans to tighten money supplies. Wood, a former journalist who also […]
Gurgaon-based travel management company InterGlobe Air Transport said it has entered the hotel booking space in India under a tie-up with Spain-based bedsonline.com. “Through this alliance, we will be venturing into a new category of hotel bookings, diversifying our business while expanding our touchpoints across consumers’ travel journeys, with services including air travel, car rental […]
Tata Motors Ltd, India’s second largest passenger vehicle maker, has posted yet another record-breaking monthly sales number, selling a whopping 72,485 vehicles in January 2022. Unlike in the last 18 months or so, the growth in the first month of 2022 has come from both the commercial vehicle as well as the passenger vehicle business. […]
Future Retail Ltd, the highly indebted general retailer caught up in a tussle between US-based retailer Amazon and its Indian rival Reliance Retail, said a request made by its independent directors seeking a loan of Rs 3,500 cr was of a preliminary nature. “The communication between Amazon and Independent Directors were of a very preliminary […]
Even as the fight between sections of news channels restarts over the resumption of BARC television ratings, the Telecom Regulatory Authority of India has shot off a directive to cable and DTH operators to ensure that TV channels are listed only once, and only under one ‘genre’, on their set-top-boxes. The directive comes in the […]
With only days remaining for the entry of Hero MotoCorp into the electric scooter market, Hero Electric — run by relatives of the promoter family of Hero MotoCorp — have entered into a five-year agreement with Mahindra & Mahindra, a rival of Hero MotoCorp and one of India’s largest automakers. Under the contract, Mahindra & […]
Sales trends of December 2021 show the rise of a new bunch of compact and entry-level utility vehicles such as the Nissan Magnite, MG Astor, Tata Punch, Skoda Kushaq and Volkswagen Taigun, at the cost of older models like Hyundai Creta, Kia Seltos, Kia Sonet, MG Hector, Tata Punch and Hyundai Venue. Two exceptions to […]
Jewelry and fashion accessory maker Titan Co said it saw a 36% growth in the last three months of 2021, boosted by strong festival demand. Jewelry Buoyancy in jewellery demand driven by festive purchases in October and November helped the division achieve significant Revenue uplift for the quarter, the company said. Revenue in this flagship […]
Auto sales in the final three months of 2021 will be remembered for the solid out-performance of Tata Motors during the period, boosted by one key model — the affordable, mini SUV Punch. The strong numbers racked up by the entry-level UV have helped Tata Motors overtake Mahindra & Mahindra in the compact utility vehicle […]
