AirAsia India allows passengers to switch flights at airport

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 […]

Delivery bike specialist Baaz raises Rs 15 cr VC capital

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 […]

Cryptocurrencies threaten India’s financial stability, invest at own risk – RBI governor

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 […]

Godrej Properties says evaluating investment in DB Realty

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. […]

InterGlobe Air Transport enters hotel booking space in India

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 […]

January Auto Sales: Maruti Suzuki declines again, but less this time

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% […]

January Auto Sales: Tata Motors sets another record, VECV declines

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. […]

Loan request to Amazon was preliminary: Future Retail

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 […]

BEL to supply IoT devices worth Rs 550 cr to US consultant

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 […]

TRAI reminds cable, DTH companies to remove multiple listing of channels

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 […]

Ahead of Hero MotoCorp’s EV launch, Hero Electric ties up with M&M for joint development

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 & […]