Tata Motors said it saw a 4% decline in its total passenger and commercial vehicle sales volumes in May 2017. Total number of vehicles sold (including exports) in the month was 38,361. The company’s domestic sales fell 3% to 34,461 nos. However, sales of domestic passenger vehicles jumped 27% to 10,855 “due to continued strong demand for the […]
Two- and three-wheeler maker Bajaj Auto said its sales volumes for the month of May fell 10% compared to last year to 3.13 lakh units. Motorcycle sales fell by 10% to 2.77 lakh. Domestic motorcycle sales fell by 13% to 1.57 lakh, while exports fell 5% to 1.21 lakh. This is contrast to April, when […]
Bharti Airtel said it received the approval of the Securities and Exchange Board of India, BSE and National Stock Exchange of India for its proposed merger with Telenor India. Bharti Airtel further stated that Telenor India and Airtel have today filed the joint company application before the New Delhi Bench of the National Company Law […]
Pharmaceuticals manufacturer Strides Shasun said it received approval from the United States Food & Drug Administration (USFDA) for ibuprofen Tablets 200 mg for over the counter sales. According to Ri data, the US market for ibuprofen Tablets USP 200 mg (OTC) is approximately USD 520 Million. “The approval further strengthens company’s fast growing global OTC […]
Ashok Leyland said its vehicle sales for the month of May fell 8% on year to 9,071 units due to a steep fall in sales of medium and heavy commercial vehicles. However, the fall is less than the drastic decline posted for April. The automaker sold 6,139 medium and heavy commercial vehicles — mostly trucks […]
It’s been anticipated for years, but today at Computex, Qualcomm announced the launch of what can be called a world war in the semiconductor business. The smartphone chipmaker said three PC manufacturers — Lenovo, HP and Asus — will start making computers with its chips inside them. The move should be particularly bitter for Intel, […]
Jet Airways Group today announced its second successive profitable year for the year ended Mar. 31, 2017. For Q4 of FY17, the group reported a net profit of INR 23 crores. The Group reported a consolidated profit of INR 438 crores for the year. “Despite the challenges posed by the recent increase in Brent price, […]
Anil Ambani Group’s telecom arm Reliance Communications said it has ‘formally’ communicated to its lenders that it will pay an amount of Rs 25,000 cr to them on or before Sept 30. The latest statement from the telecom operator comes as a way of reassuring investors and lenders that it is serious about paying back […]
Anil Ambani Group’s Reliance Communications said it was in talks with its lenders and partners to put off some of the instalment payments that the company had to pay until the completion of its merger with Sistema Shyam Teleservices and Aircel Cellular by September this year. “RCom is presently engaged in discussions with its lenders […]
Larsen & Toubro recorded revenue of Rs 36,828 crore for the final quarter of the financial year, recording an increase of 12% on a y-o-y basis. The overall PAT for the quarter January to March 2017 stood at Rs 3,025 crore higher by 29.5%, as compared to Rs 2,335 crore recorded for the corresponding quarter […]
Fitch Ratings said it downgraded IDBI Bank’s Long-Term Default Rating and its ‘viability rating’ by one notch each to ‘BB+’ and ‘ccc’ with a stable outlook. “IDBI Bank’s Viability Rating reflects the deterioration of its financial profile in the last two years and our expectation that both asset quality and capital will remain significant ongoing […]
Fashion TV has kicked off the 4K revolution in India by starting to transmit seven Ultra-HD television channels into the country and surrounding regions. These are the first free 4K channels that can be accessed from India easily. Each frame in a UHD video contains 8 mln dots, compared to 2 mln in Full HD […]
Indraprastha Gas Limited, the supplier of Compressed Natural Gas and Piped Natural Gas in the National Capital Territory of Delhi, Noida, Greater Noida & Ghaziabad today announced its Q4 results. The company’s net profit for the three months ended March increased from Rs. 108.96 crores in corresponding period last year to Rs 133.5 crore in […]
After Zee Entertainment, it is the turn of Sun TV to slash its channel prices with effect from Sept 1 in anticipation of the implementation of new channel pricing rules by TRAI. The Telecom Regulatory Authority of India had, three months ago, announced that media companies and cable and DTH companies will no longer be […]
Tech Mahindra said its revenue fell 0.8% quarter on quarter in the three months ended March to Rs 7,495 crore, while net profit fell 31% to Rs 588 cr. In dollar terms, revenue rose 1.3% quarter on quarter and in constant currency terms, it was up 0.9% QoQ. In dollar terms, operating profit fell 22% […]
Samsung J2 is the most widely used smartphone in India[/caption]The humble Samsung Galaxy J2, launched two years ago, is the most widely used smartphone in India, beating hot-selling models like Xiaomi Redmi Note 3 & 4 CyberMedia Research said. “Samsung Galaxy J2 emerged as the No 1 Smartphone in India by Installed base in less […]
Asahi India said it will set up a state-of-the-art automotive glass plant near Mehsana in Gujarat, primarily to meet the requirements of Maruti Suzuki at its newly-established Gujarat plant. AIS will invest up to Rs 500 crore in the facility in two phases, it said. In the first phase, the plant will have capacities to […]
Times Group, India’s largest media group, has taken a step towards what may eventually be a paid model for online news by introducing ‘exclusive’ content for registered users. For now, registration and membership is free. Users can sign in using their Facebook or Google IDs, without having to type a single word. PAID MODEL? The move […]
Tata Sky, the Indian DTH operator with the highest amount of spectrum and channels, will add five more HD channels to take the total high-definition offerings on the platform to 86. The new channels being added tomorrow are DSports, MTV HD+, Surya (Malayalam), Udaya (Kannada) and Gemini Movies (Telugu). With 86 HD channels, the operator […]
Google has selected six Indian Startups for the fourth class of its ‘Launchpad Accelerator’ program, including RailYatri, RecipeBook and FastFilmz. In the six months program, they will undergo intensive mentoring from 20+ teams across Google and mentors from top technology companies and VCs in Silicon Valley. Additionally they will receive equity-free support and credits for […]
