Public sector company Bharat Electronics Ltd said it will manufacture and export $33 million (Rs 230 cr) worth of optical and infrared imaging systems to Israel’s Elbit Systems Electro-Optics Elop Ltd (ELOP). The systems are being manufactured under license from, and using the technology supplied by, the Israeli company. “With this, BEL is in a […]
The government has cut the Goods and Services Tax rate on under-construction estate properties to 1% from 8% for affordable housing, and to 5% from 12% on non-affordable housing projects. In both cases, the buyer cannot take advantage of input tax credits — the GST already paid by the builder on various expenses incurred in […]
Three of the five paid DTH platforms in India — Tata Sky, Airtel Digital and D2h — have announced multi TV, or multiple connection, plans under the new TV channel tariff regime implemented by TRAI this month. The new schemes, which give discounts on a subscriber’s second, third and fourth connections at their home, were […]
Bharti Airtel said it has opened pre-booking for Samsung Galaxy S10+ and S10 on its online store. The S10 will be available for a total cost of Rs 81,000, including a downpayment of Rs 9,099, plus 24 equal monthly installments of Rs 2,999. In comparison, Amazon is selling it at Rs 77,850, divided into equal […]
Barely three weeks into the new pricing regime, TV18 has become the second group — after Star — to tweak its pricing and bouquet structure to make them more attractive to customers. Most of the changes are on package structuring and composition, rather than on individual channel prices. Only two channels — Comedy Central and […]
Cable and DTH users can now watch Star India’s sports and English channels at 30% lower cost as India’s largest broadcaster has introduced smaller, more affordable channel packs in these two genres. The move is seen as a reaction to the feedback given by the market to the company’s previous line up. Till now, Star […]
DNA, the newspaper from Zee Group, has shut its Jaipur edition, days after it shut its Delhi edition. There will no DNA newspaper printed and circulated in Jaipur from tomorrow, Diligent Media Corporation, which publishes the paper, said. The decision was taken to “optimise cost and cut-down losses,” it added. It did not say whether […]
Royal Enfield, the country’s largest maker of mid-sized motorcycles, said it has cut down on the waiting period on most of its motorcycle models, and promised to keep the excitement going as it deals with new competitors like Jawa. The comments by Siddhartha Lal, CEO of Eicher Motors comes in the context of the impending […]
SpiceJet, the most aggressive low-cost airline in India, announced 12 new flights from March 31. The new daily flights connect towns such as Surat, Bhopal, Gorakhpur, Jaipur and Dharamshala to Mumbai and Delhi (see table below). It is also offering promotional fares starting at Rs 2,499 all in between Bhopal and Mumbai, Rs 3,299 on […]
85% of the customers who have shifted to tariff packs under TRAI’s new tariff plan have gone with packages created by the cable operator, said Aniruddhasinhji Jadeja, founder and MD of GTPL Hathway, one of India’s largest cable networks. Jadeja said, as of Feb 12, close to 30% of the total subscribers have been moved […]
Infosys said it has paid Rs 34.35 lakh to settle the investigation into the incident of the company paying over Rs 17 cr as severance pay to Rajiv Bansal, who resigned as its finance head in October 2015. There have been allegations, including from the side of founder Narayana Murthy, that everything was not well […]
Larsen & Toubro, India’s biggest construction firm, said it has secured a mega contract for design and construction of a major airport. Mega contracts are defined as those that will generate more than Rs 7,000 cr of revenue for the company. In October, Larsen & Toubro had won a Rs 3,036 cr order to build […]
Free-to-air English news channels like Republic TV and Al Jazeera have got a massive boost in their reach, while paid Hindi entertainment and movie channels have seen the biggest drop in reach after the implementation of the new TRAI tariff scheme, according to data from Chrome Data Analytics & Media, one of the world’s largest […]
D2h, a DTH brand from Dish TV India, said it will give a discount of Rs 80 to all additional connections to its existing customers under its Multi TV scheme. In other words, if you already have a D2h connection, you can get a second one at Rs 50. The first connection will cost you […]
Harvest TV, led by journalists like Barkha Dutt and Karan Thapar, has got permission from an industry disputes settlement body to use the name ‘Tiranga TV’. The Telecom Disputes Settlement and Appellate Tribunal has overruled the objection by the government of India that Tiranga referred to the Indian flag and can therefore not be used […]
Jawa, the retro motorcycle brand from Mahindra & Mahindra, has opened showrooms in many cities, indicating that the launch will happen within one month. Kerala, as the biggest market for such bikes, has seen the opening of several such showrooms in the last few days, including one in Kochi (see above) and another in Trivandrum. […]
Bharti Airtel has deployed LTE on 900 MHz band, which has the ability to pass through walls and other obstacles much better than other 4G bands. With this, customers with handsets that support this frequency will see an improvement in 4G signal levels. This is expected to be very beneficial for voice usage. It should, […]
The introduction of BS-VI fuel standard a year from now is expected to make small diesel engines too expensive to be of practical use and push the market for smaller vehicles towards petrol, CNG and electric vehicles, automaker Mahindra & Mahindra said. Managing Director Pawan Goenka said the share of diesel engines in cars has […]
Delhi High Court, hearing a challenge by DTH and cable companies against TRAI’s new tariff scheme, today expressed its displeasure over regulator modifying tariff roll-out process of the new tariff system without even informing the court. Chief Justice Rajendra Menon asked the regulator to file an affidavit within a week explaining the latest changes to […]
Consumers planning to purchase a vehicle towards the end of this year may consider postponing their purchase as automakers may offer big discounts in February and March in an attempt to flush out old stock ahead of the shift to BS-VI fuel standards. According to a judgement by the Supreme Court, no automaker can sell […]
