Tata Motors passenger and commercial vehicles total sales including exports rose 14% in August, while domestic sales rose 26%. The company sold 48,988 vehicles in the month, out of which 45,906 were sold in India. It said it found “growing demand across segments and increased positive customer sentiments” in its home market. Domestic – Passenger […]
Mahindra & Mahindra Ltd, one of the biggest Indian automakers, reported stronger sales for its SUVs. Total utility or SUV sales for the company came in at 18,225 units, up 7% from 17,119 in August last year. With this, the company has been able to post a growth of 2% in SUV sales so far […]
Wipro has announced details of its buy back of up to 343.8 mln shares or about 7.06% of its total equity base at a price of Rs 320 each for up to Rs 11,000 cr. The Buyback Size is 23.15% of the fully paid-up Equity Share capital and free reserves as per the audited standalone […]
Bajaj Auto, which has not been having the best of years, reported yet another decline in motorcycle sales in India for August. However, overall sales of two-wheelers were up 1% due to a 7% jump in export volumes. The company sold 1.72 lakh two-wheelers in August in India, down from 1.75 lakh in the same […]
Both individual freedom and privacy are very important but it cannot be unqualified as everything overrides when it comes to the national interest and security, Union Minister of State for Home Affairs, Kiren Rijiju said today. “When it comes to national security, I personally feel that national interest overrides everything,” said Rijiju while inaugurating an […]
Jet Airways said it would offer up to 20% discount on international tickets under a week-long sale that will end on Sep 6. “Under the offer, guests enjoy attractive savings of up to 20% discount on the lowest prevailing return base fares,” the airline said. The offer is valid for travel only on direct flights […]
The solar energy revolution may be all about saving the environment, but for the Indian state of Chhattisgarh, it’s impact is more immediate, and life-saving. According to a first-of-its-kind study conducted on primary health centers in the state, PHCs with solar backup admitted 50% more patients and conducted almost twice the number of child deliveries […]
The shipments data cards or dongles in India jumped 15% in Apr-June period compared to the previous three months, thanks to aggressive sales of Reliance Jio Mifi devices. The Ambani company had a 91% share of the dongle market in the country during the period, said CyberMedia Research. The company has been offering value back […]
Players like Bharti Airtel, Idea Cellular and Vodafone are heaving a sigh of relief that Reliance Jio has not unveiled any ‘monsoon surprise’ offer. However, state-owned BSNL may be about to increase the competition in the market with the launch of its 4G services shortly. Anupam Shrivastava, the chairman and managing director of the state-owned […]
Jet Airways said it is cancelling several of its flights from and to Mumbai to cope with the situation created by incessant and heavy rains in the city. The flights include those to Vodadara, Delhi, Bangalore, Ahmedabad, Chandigarh and others. “Inclement weather in Mumbai during the last 24 hours, including the suspension of arrivals and […]
After introducing a separate showroom network for its higher-end cars by the name of NEXA, India’s largest carmaker Maruti Suzuki said it will not overhaul, transform and rebrand its remaining car showrooms in the country. The Company targets to set up over 80 showrooms under the ARENA brand by March 2018. Progressively, existing showrooms across […]
State Bank of India has opened the largest number of accounts under India’s universal pension scheme for the unorganized sector, the government said today. State Bank of India has opened 51,000 out of the total 3.07 lakh pension accounts opened by banks under the scheme, which guarantees a rate of return of at least 8%. […]
Moody’s Investors Service has downgraded debt issued by IDBI Bank over concerns on “reduction in the amount of extraordinary government support incorporated into the bank’s ratings and its weak standalone credit profile,” the bank said. While earlier, Moody’s used to assume that government support for IDBI Bank was at the top-end of the ‘very high’ […]
Idea Cellular, India’s third largest telco by revenue, launched its 4G services in Srinagar. This is the 26th town in Jammu & Kashmir to get Idea 4G services, which are also present in Jammu, Udhampur, Katra, Samba, Poonch, Rajauri, Kathua, in addition to Srinagar. “Idea 4G SIMs are now available at its company retail store […]
Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before. This was achieved partly due to an acquisition. During the year, its renewable arm Tata Power Renewable Energy Limited completed the acquisition of WREPL which had […]
India’s energy sector is facing low capacity utilisation in power generation as plant load factor is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study. The study also expressed concern over the slow pace of reform implementation in certain areas. The study noted that India had made […]
With Reliance Jio not showing any signs of unveiling yet another ‘surprise’ offer, telecom tariffs in India seems set to rise, particularly for data. Vodafone today announced an new tariff pack that offers 1 GB of 3G or 4G data and free calls for Rs 392. However, unlike similar priced offerings by the company in […]
Cloud-based services provider Ramco Systems has won a key, five-year contract from Saudi Rotorcraft Support Company, which provides maintenance services for the country’s combined fleet of more than 360 military and commercial helicopters. “With two of the top 5 aircraft manufacturers already using Ramco’s aviation MRO software, this deal underscores the track record and deep […]
Korean manufacturer LG has become the first brand to launch an affordable 4K monitor in India with the launch of the 24UD58 model. The 24-inch flat UHD monitor is available at an online price ranging from Rs 25,200 to Rs 27,000 including shipping, making it far cheaper than any other 4K display in the country. […]
Pharma giant Dr Reddy’s Labs today said that a class action lawsuit has been filed against it on behalf of shareholders, alleging that the company misled investors causing them to lose money on their investments. “The lawsuit alleges that the company made materially false and/or misleading statements or omissions in connection with its corporate quality […]
