Vitara Brezza, the sports utility vehicle from Maruti Suzuki, has sold over 1.1 lakh units in its first year, the carmaker said in an update marking one year of the car’s launch. In total, around 36 lakh four-wheeled passenger vehicles are expected to be sold in India the current financial year, giving the model a […]
The drivers and staff of all vehicles classified as ‘transport’ will be brought under the definition of ‘third party’ in third party insurance policies, the finance ministry said today. This will cover buses, vans and other commercial transport vehicles and will be implemented through the upcoming amendment to theMotor Vehicles Act. At present, only the driver […]
Minister of health and family welfare Anupriya Patel said Lopinavir syrup, the life-saving drug given to infants and toddlers with HIV has been restocked by the National Aids Control Organization. “NACO has done an emergency procurement from a registered manufacturer — McNeil and Argus. The drug has already been supplied and is available throughout the […]
With the country’s largest bank, State Bank of India, refusing to rollback service charges for customers who do not maintain a minimum balance in their accounts, only Oriental Bank of Commerce, UCO Bank and Punjab & Sind Bank remain as ‘free’ providers of savings bank services, according to an analysis of RBI data. SBI said […]
Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows. In the last four years, these two banks […]
The government is not planning to extend the two-year-old scheme to supply subsidized, imported natural gas to stranded gas power projects when it expires this month, according to a senior power ministry official. “We got a representation from the association of power producers requesting us to extend the scheme,” said the official “but we have decided […]
Bharti Airtel said it has agreed to buy 4G spectrum from Tikona Digital Networks in five telecom circles, giving the company a pan-India footprint in the crucial capacity band and helping it compete on an even footing with Reliance Jio. Airtel plans to roll-out high speed 4G services on the newly acquired spectrum in the […]
Even as some brokerages are predicting that Reliance Jio will manage to carry over 80% or more of its subscribers when it starts charging for its services at the end of this month, CyberMedia Research said it sees 55-60% of existing connections getting abandoned. Jio is estimated to have 105-110 mln connections at present, though […]
India will set a target of adding 34.5 GW of hydro-power generation capacity in the next ten years, according to power ministry sources. “The target for the 13th plan has been set at 13.31 GW and that for the 14th plan will be 21.15 GW,” said a power ministry official. This will take India’s total […]
National Thermal Power Corporation said it has achieved, and exceeded, its target for the addition of power generation capacity in the 12th five-year plan by adding 1,070 MW today. Three new units were added today — one of 800 MW at Kudgi in Karnataka , a 250 MW unit at Bongaigaon in Assam and 20 […]
The Department of Telecom has lifted its freeze over the recruitment of 2,700 junior engineers into Bharat Sanchar Nigam Ltd, India’s state-owned telecom operator. The results of the recruitment exam, conducted in September last year, were put on hold in December after the Department of Telecom received complaints about the conduct of the exam from several […]
Bharat Sanchar Nigam Ltd is now offering 30 GB of 3G data with a validity of 30 days for Rs 549 rupees under a promotional scheme till the end of the month. The scheme is intended to coincide with similar freebies announced by new entrant Reliance Jio. Jio offers 10 GB of extra 4G data […]
National High Speed Rail Corporation Ltd, which is setting up the Rs 1 lakh cr Mumbai-Ahmedabad high-speed rail service, has brought on Gujarat Infrastructure Development Board (GIDB) as key partner for the project. GIDB — which is also involved in the prestigious GIFT City project — will also pump in equity into the corporation and help […]
The Department of Telecom is considering the remove of local address requirements for people taking a new mobile connection using an Aadhaar card. “We are in final talks. It will take a few more days,” said a DoT official. At present, taking a mobile phone connection requires that the subscriber should either have proof of […]
Some may call it a storm in a tea cup, but the Ookla-Jio-Airtel controversy has turned out to be a one with an unexpectedly long life. After coming up with a half-hearted defence two days ago, Ookla — the provider of the world’s most popular mobile and broadband speed testing service — today gave a […]
Dish TV, India’s oldest DTH operator, has unveiled an offer that is by the far the cheapest from any private operator in India. Under the new ‘DishTV Non-Stop Offer’, the company is offering a clutch of free-to-air channels to its subscribers for three years in return for a one-time payment of Rs 1,149. To compare, […]
Yes Bank, one of India’s youngest, and fastest-growing banks, said it had no plans to go for a billion-dollar qualified institutional placement of its shares as reported by the media. The bank had tried to do a mega share sale in September last year, but the effort didn’t find success for various reasons. This time, […]
India has filled a little over one-third of its phase 1 ‘strategic oil reserve’ at a cost of Rs 4,258 cr, about $640 mln. The country is in the process of building five underground reserve facilities for crude oil totaling 110 million barrels (15.3 million tons) of storage capacity. Out of these, two tanks — […]
The government of India said it cannot seek to slow down imports of solar power generation equipment from China as it has to watch out for the interests of Indian consumers as much as those of Indian industrialists. Responding to questions from the opposition in Lok Sabha on why India was not taking action to help the […]
E-commerce firm Snapdeal said it has appointed former housing.com CEO Jason Kothari as the Chief Executive Officer of its wallet service FreeCharge at a time when competition in the mobile payments space is at an all-time high. Contrary to rumors of a cash crunch, Snapdeal said it will invest an additional $20 million in Freecharge. […]
