AirAsia has launched its ‘FlyAhead’ service in India, allowing passengers to switch to an earlier flight by paying Rs 500-1,500 at the airport counter. “Guests who reach the airport six hours or more prior to their scheduled flight departure, can opt for the FlyAhead service at the AirAsia Airport Counter. Change fees, which are typically […]
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 […]
Godrej Properties, the real estate arm of the Godrej group, is all set to get a major infusion of cash in the form of a Rs 2,000 cr investment by parent Godrej Industries. The flagship company of the Godrej group said it has also decided to invest Rs 500 Godrej Agrovet Ltd, which makes cattle […]
Reserve Bank of India governor Shaktikanta Das today warned investors to exercise caution when investing in crypto-currencies. “I have made our position very clear on this. Private crypto currency or whatever you call it, is a very big threat to our macro-economic and financial stability. “RBI’s position is that private crypto-currencies will interfere with RBI’s […]
Imagine Marketing Limited, the company behind ‘Boat’ earphones, has filed a draft red herring prospectus with the Securities and Exchange Board of India — taking the first step to listing its shares on the stock exchanges. The company wants to raise Rs 2,000 cr from investors. Out of this, only Rs 900 cr is being […]
Emami Limited, one of the country’s oldest consumer brands, said its founders RS Agarwal and RS Goenka have stepped down from their managerial positions, and their sons Mohan Goenka & Harsha Agarwal will take over vice chairman and managing director respectively. Mohan Goenka is the eldest son of RS Goenka and Harsha Agarwal is the […]
Godrej Properties, one of India’s fastest growing and most profitable real estate companies, said it has got the approval of its board of directors to explore the possibility of acquiring a stake in rival and listed real estate developer DB Realty. “..the Board of Directors of the Company has at its meeting held today, i.e. […]
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 […]
Maruti Suzuki reported better numbers as part of its January Auto Sales performance compared to recent months, with India sales declining only 7% compared to the same month of last year. This is comparatively better than its performance in recent months. In November, for example, its domestic passenger vehicle sales fell by a whopping 19% […]
Finance Minister Nirmala Sitharaman gave a relatively short speech in Parliament today detailing government of India’s spending plans for the next financial year. Here is the full text of the FM’s speech on Budget 2022. “At the outset, I want to take a moment to express my empathy for those who had to bear adverse […]
The government of India today said it will introduce a digital rupee — a central bank digital currency — in the year starting April 2022. The move was announced by finance minister Nirmala Sitharaman. With this, India has become one of the few countries in the world to announce a date for the introduction of […]
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. […]
Kia India, the Korean carmaker and one of the fastest-growing, has started producing its three-row recreational vehicle Kia Carens in India, and said the car got 7,738 bookings in the first 24 hours. The car is being produced at Kia’s manufacturing facility in Anantapur, Andhra Pradesh. “The Kia Carens is the latest ‘Made-in-India’ offering from […]
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 […]
Bharat Electronics Ltd, the government of India managed defence electronics manufacturer, said it has entered into a $73 million co-development and manufacturing deal with a US network consultant to manufacture and supply internet-of-things or IoT devices. The companies did not disclose the exact nature of the devices, but said the contract opens the door to […]
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 of residential real estate have bounced back to 90% of their pre-pandemic levels, said real estate consultant Anarock Property, adding that this has led to a sharp fall in unsold inventory. “Resultantly, the housing inventory overhang across the top 7 cities plunged to 32 months [less than three years] by 2021-end, closing in on […]
India’s Times Group, or BCCL, has made a partial return to the streaming TV platform run by India’s largest telecom operator, Jio TV, by restarting the transmission of its news channels via the app. It was in August 2020 that BCCL had pulled all its channels, including its English-language movie channels, from the Jio TV […]
