V Mart targets cultural shift at UNLIMITED
V Mart, which has just acquired Arvind Fashion’s UNLIMITED chain of stores, wants to retarget these stores at customers who find shopping at Reliance Trends, Westside and MAX too expensive
Category: ONLY ON ULTRA
No need for census data, will protect reservation: Govt
Government of India on Wednesday said lack of economic and social data about intermediate castes will not impact their inclusion in OBC reservations for government services and higher education. Nityanand Rai, Minister of State for Home Affairs, was replying to a question by MP TR Baalu on why the government is not collecting socio-economic data […]
India forms panel on euthanasia law
The union government of India has formed an expert committee to make suggestions for creating a law permitting the death of persons under special circumstances on compassionate grounds. The practice, called euthanasia or mercy killing, is illegal in most countries. The Law Commission of India had, in 2006, drawn up a law that would have […]
ZOMATO IPO: It’s a bet on growth, says analyst
Shares of Zomato, the mobile food ordering service, have been priced higher than those of similar peers, but the company can deliver returns if it can maintain its scorching pace of growth in the future, according to Indian broking house Nirmal Bang. Zomato is currently in the IPO market trying to raise Rs 9,375 cr […]
HFCL to become 5G supplier, sets up dedicated unit
Telecom equipment and services provider HFCL Ltd said it plans to offer 5G equipment and turnkey services, marking a move up from its roots as a telecom contractor. The company, which has in recent years successfully diversified into manufacturing — particularly of fiber optic cables and terminal devices — said its new 5G network services […]
RailWire promises tough fight to Jio, Airtel
Railtel Corporation of India, the telecom unit of Indian Railways, said it does not expect to lose subscribers to rival operators like Reliance Jio and Bharti Airtel, even as it promised to take its RailWire services to even the tiniest of towns this year. RailTel Chairman and Managing Director Punit Chawla said his company is […]
Puravankara believes offices will return, intros WfH tweaks
Puravankara Ltd, the biggest residential real estate brand in Bangalore, said it is making changes to its apartment designs to attract work-from-home customers, but believes that employees will shift back to the work-from-office model in another 12-18 months. STRONG DEMAND The company has been seeing strong demand for its residential flats, as buyers increasingly prefer […]
Amazon starts Fire TV broadband service in India
Amazon has expanded its Fire brand of devices and software to the service sector with the launch of its Fire TV Hotspot broadband service in India. The company started offering Fire TV branded broadband connectivity in the Indian city of Mumbai — making it possibly the only one in the world to get Amazon branded […]
HT Media group’s ad-for-equity portfolio crosses Rs 500 cr
The Hindustan Times group, which runs a similarly named English newspaper and the Hindi daily Hindustan, said its total investment in various companies under its ‘ad for equity’ scheme has crossed the Rs 500 cr mark. Most large media houses in India offer a fixed amount of ad inventory in return for equity of the […]
Sun TV plans Big Boss rivals in Telugu, Malayalam
Sun TV Network, the second biggest home-grown entertainment TV network in India, is planning to invest around Rs 25 cr each on two reality-based shows in Malayalam and Telugu to take on Big Boss. Currently, Big Boss — the most successful reality TV franchise in India — is with Sun TV’s primary rival in the […]
Post COVID, Arvind Fashions tests new strategy for online
Branded apparel maker Arvind Fashions, which sells clothes under brands such as Arrow, Tommy Hilfiger, US Polo and Flying Machine in India, is trying a new strategy as far as its online business is concerned, said Director Kulin Lalbhai. While traditionally, garment vendors have looked at e-commerce as a way to get rid of their […]
Inox Leisure to open 11 new multiplexes this year
Inox Leisure, one of India’s top cinema chains, said it plans to add 8,850 seats across 11 new properties to its multiplex chain in the ongoing financial year, taking the total seats to 1.56 lakh by March. These 11 new properties would bump its screen count by 49 to 692. Out of the 49 new […]
Cable operators boost Bharti Airtel’s broadband growth
Bharti Airtel’s new strategy of tying up with cable operators has helped the company significantly speed up subscriber acquisitions in its wired broadband business and narrow the gap with Reliance Jio, which continues to be India’s fastest growing provider. Since introducing a new, collaborative model of joint roll-out with cable operators, Bharti Airtel’s monthly wired […]
Lockdown blues spells boon for matrimony sites
COVID-19 season has failed to make any dent in the growth of India’s matchmaking websites such as Matrimony.com, the largest. Going by the numbers, youngsters in the country seem to be finding more time for online matching making services during the COVID-19 era than ever before. In a year when most companies have seen double-digit […]
How Congress, BJP underestimated Pinarayi Vijayan
Keralites overwhelmingly voted to retain the government of Pinarayi Vijayan in Kerala, breaking from a nearly half-a-century-old tradition of swapping the party in power every five years. Several factors have helped ensure a second term for Vijayan, but perhaps the most crucial has been the decisive and efficacious leadership shown by the politician during the […]
GTPL to provide broadband via LCOs in 2 months
GTPL Hathway, one of India’s top five wired broadband providers, said it will start distributing its high-speed broadband service through local cable operators in the next two months. The company, whose broadband service is currently restricted to towns and cities, will also make the service available in thousands of gram panchayats across Gujarat by leveraging […]
Den Networks caps a year of declining sales, profits
Den Networks, a prominent Indian cable feed provider that is now part of the Reliance Industries group, today reported a set of disappointing financial performance numbers, capping a year of pain and degrowth. The company’s subscription revenue, which is overwhelmingly composed of the monthly subscription fees paid by cable TV subscribers, fell to 190 cr […]
Closure of Sterlite Copper turns India into a net importer of refined copper
The closure of Vedanta Ltd’s Tuticorin copper smelter in May 2018 has turned India into a net importer of refined copper, according to newly released government data. While India was a net exporter of refined copper to the extent of 3.34 lakh tonnes in the year ended March 2018 (prior to the shut down); the […]
COVID: Indian Railways sees 75% fall in passenger revenue
Indian Railways is on track to post a decline of almost 75% in its revenue for the financial year that ended last month, according to data from the ministry of railways, Government of India. For the first 11 months of the financial year (Apr 2020 to Feb 2021), the total passenger revenue fell by three […]
Karnataka overtakes Gujarat, Raj to emerge No.1 solar state
Karnataka has emerged as India’s No.1 state in terms of installed solar power capacity overtaking early leaders such as Gujarat and Rajasthan, according to the latest numbers from the Minister of New and Renewable Energy, Government of India. According to these numbers, the south Indian state accounted for almost a whopping 19% of India’s total […]