Mukesh Ambani, Chairman of Reliance Industries, is speaking to shareholders at the 42nd annual general meeting of the company today. The following are the key points of his speech. This is a live updated feed of the most important parts of his speech as regards the commercial launch of Reliance Jio. Please refresh this page […]
ABB India, a power and automation technology company, inaugurated a new solar inverter manufacturing facility at Nelamanagala in Bengaluru, said the company. The facility is set to double the solar inverter manufacturing capacity of the company to 2GW in a span of five months, added the company. ABB inverters manufactured at Nelamanagala help power 40% of […]
Maruti Suzuki India Ltd reported a big jump of 12.2% in its August sales this year led by the strong performance in the domestic market. Totoal domestic market sales were up 12.3% to 1.2 lakhs, its strongest performance so far this year. Exports also grew briskly rising 10.8% to 12,280 units. The stars of the […]
Taking a cue from other consumer-facing brands, Reliance Industries has decided to provide live streaming of Mukesh Ambani’s much expected speech at the company’s annual general meeting on Thursday. NOTE:THIS IS FROM SEPTEMBER. GO TO THIS PAGE FOR TODAY’S SPEECH The live transmission of the speech “will go LIVE tomorrow as soon as RIL’s CMD Shri Mukesh […]
KEC International, a infrastructure company of the RPG Group, has secured international and government projects of Rs 1,224 crore, said the company. The projects received include Rs 805 cr transmission line projects in Karnataka, Thailand and Bangladesh, KEC said. Other projects include overhead electrification for the Indian Railways in the Nagpur and Jhansi divisions of Rs […]
The Competition Commission of India (CCI) has imposed fine of Rs 6,320.6 cr upon ten cement manufacturers for forming independent organization to limit competition by controlling the production and distribution of cement, said the Ministry of corporate affairs. The list of companies included ACC Cements, Ambuja Cements, Binani Cements, Century Cements, India Cements, J K […]
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product(GDP) for the first quarter (April-June) Q1, of 2016-17, both at constant (2011-12) and current prices, along with the corresponding quarterly estimates of expenditure components of the GDP. GDP at constant (2011-12) prices in Q1 of 2016-17 […]
India’s industrial production index for core industries rose 3.2% in July compared to a year ago, indicating a slight improvement in economic activities. The eight core industries, that comprise nearly 38% of Index of Industrial Production (IIP), rose to 173.7 in July. Its cumulative growth during April to July, 2016-17 was 4.9 %. Coal Coal […]
Tata Power and Javelin Joint Venture have signed an agreement to explore the production of a anti-armour missile system to meet Indian requirements, the Indian company said. The system will include using the missile on ground combat vehicles or via infantry or helicopters, said the company. The agreement was signed via Tata Power’s Strategic Engineering […]
Bharti Airtel has brought advanced 4G technology that conjoins the different blocks of spectrum it has in Mumbai circle, about six months after it introduced the technology to Kerala. With this, Mumbai has become the second circle where the company has introduced ‘carrier aggregation’ technology, a part of LTE Advanced standard. “The deployment will result […]
Samsung’s fitness devices — Gear Fit2 fitness band and Gear IconX smart headphone — are now available for pre-order on Flipkart. The devices were unveiled in India earlier this month and are priced in the Rs 13,490-13,990 range. The Gear Fit2 band is priced at Rs 13,990 and comes in black, blue and pink colours […]
An uptick in the job market in the second half of 2016 is the key sentiment that has emerged from Naukri’s Hiring Outlook survey 2016, conducted among 1300 recruiters and consultants representing more than 20 industries. According to the survey, 77% of the recruiters predict that new jobs would be created in the coming months, […]
Reliance Jio, the start-up telecom operator led by Mukesh Ambani, has now started giving SIM cards with its three-month preview offer to corporate employees, according to people who have received such connections. “It is three month unlimited and all employees got it,” said a person working in a Mumbai-based financial services company. This marks an […]
The Indian Cabinet today approved extending ‘permanent residency’ to foreign investors. So far, one had to be a citizen to be a permanent resident in the country. Others faced hassles such as regular attendance at foreigners registration offices and visa extensions if they were to continue to remain in the country. The present tenure of […]
Sony Pictures Networks India (SPN) said it will acquire TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries for 385 million U.S. dollars (around Rs 2,600 cr). The acquisition will add South Asia’s leading sports network to SPN’s existing portfolio of channels and help Sony to compete better with Rupert Murdoch’s Start […]
National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in India, launched a pilot bill-payment project. The project, called Bharat Bill Payment System, is an integrated platform connecting banks and non-bank entities in bill aggregation business like billers, payment service providers, retail bill outlets etc.. The system consists of four participants — the consumer, […]
In a survey conducted by Chartered Institute of Management Accountants (CIMA), 29% finance professionals fear job loss due to increase in automation, while 64% finance professionals encourage increasing automation in India. On the impact of artificial intelligence on strategic decision-making only 13% of experts in India conceded that reliance on automation or technology has led […]
NTPC, a power generation company, said its first hydro power project, the 800 MW Koldam Hydro Project in Himachal Pradesh, achieved more than its targeted power generation levels. The project, built on river Sutlej, began commercial operation in July last year. In the financial year 2015-16 it generated 1794.71 million units of electricity and in […]
TomTom, a company from Netherlands into manufacturing of navigation devices, inaugurated its first global innovation hub in India at Pune. The innovation hub will enable employees to upgrade their skills, innovate, raise ideas and think like entrepreneurs thereby helping to develop a deeper culture of innovation in the company with a free-flow of information and […]
Future Retail, one of the leading retail chains in India, has increased its retail floor space by 3 lakh square feet to 1.3 cr square feet during the April-June quarter this year, said the company. The company has increased its floor spaces in nine cities which includes Hyderabad, Pune, Mumbai, Indore, Nellore, Gaya and Keonjhar. […]
