Nippon Life Insurance, one of the largest life insurers in the world, has agreed to increase its stake in Reliance Life Insurancem a part of Reliance Capital Ltd from the existing 26 per cent to 49 per cent. The Japanese company will be investing an aggregate value of Rs 2,265 crore (US$ 348 million) to […]
Berger Paints and Nippon Paints have decided to move much of their automotive paints business in India to BNB Coatings India — a joint venture of the two companies. Nippon Paint Automotive Coatings Co Japan holds 51% of BNB Coatings India, while the remaining is held by Berger. The parties have entered into a non-binding […]
NDTV said it, along with some of its officebearers, have got a notice from the Enforcement Directorate asking why it should not be subjected to penalties for violating foreign exchange rules. “The Company along with Prannoy Roy, Executive Co-Chairperson, Radhika Roy, Executive Co-chairperson, K.V.L. Narayan Rao, Executive Vice Chairperson and NDTV Studios Ltd have on […]
Infosys said one of its board members has resigned for personal reasons. Carol M. Browner was an independent director of the company. She has served as director of the White House Office of Energy and Climate Change Policy in the Obama administration from 2009 to 2011. She is a Distinguished Senior Fellow at the Center […]
Boards of UPL Limited and Advanta Limited — two companies engaged in agriculture-related business — approved a merger of the two companies in a share swap deal. According to the deal, each Advanta shareholder owning one equity share of the company will get 1 UPL share, plus 3 optionally redeemable convertible preference shares of par […]
Vodafone India said it will allow its subscribers, starting with those in the NCR, to choose their own number. At present, subscribers have to choose from a limited set of numbers in stock with the retailer. However, under the new scheme, they can request for any number (except premium numbers such as 981111111). “Customers can […]
The Telecom Regulatory Authority of India (TRAI) has promised to intervene in case any registered cable feed provider is not given a signal by any channel as part of the move from analogue to digital cable by end of next month. According to India’s switch-over schedule, all analogue transmission in all urban areas in the […]
Reliance Jio, the telecom arm of Mukesh Ambani-promoted Reliance Industries, is likely to launch its 4G services any time from January to March next year, and will pose a credible challenge to incumbents, driving out weaker operators, Fitch Ratings said. “Jio’s product is likely to gain traction – given the intention to launch an integrated […]
While many real estate majors have started going slow owing to huge unsold inventories, Shapoorji Pallonji Real Estate has just announced the launch of a huge residential project in Bangalore. The project, known as Phase 2 of the luxurious ParkWest project in Bengaluru, involves 11 high-rise towers and outstanding amenities spread across a sprawling area […]
Honda Motorcycle & Scooter India Pvt Ltd launched its 15th bike of the year, the 125 cc CB Shine SP. The motorcycle maker had promised at the beginning of the year that it would introduce 15 new bikes (including upgrades) this year. Honda is the fastest growing bike brand in India. The Honda CB Shine […]
Hindustan Petroleum Corporation Limited, Indian Oil Corporation Ltd and Adani Ports and Special Economic Zone Limited are among the Indian companies that will benefit the most from the rupee’s depreciation against the dollar, while Power Grid Corporation of India Ltd, NTPC Limited, Bharti Airtel Limited and Lodha Developers Private Ltd will be among the biggest […]
Inox Wind Ltd has started production at its 800 MW wind-turbine-blade facility at Barwani district in the state of Madhya Pradesh. The unit will have an annual production capacity of 400 rotor blade sets and eventually also have an annual manufacturing capacity of 400 nacelles and hubs, 300 towers and will double Inox Wind’s production […]
Today’s launch of GSAT-15 communication satellite over India will be a big boost to DTH operations over the country, especially for HD channels, and will benefit players like Sun Direct and Dish TV. The launch will more than double the DTH capacity of India-owned satellites over the country. Though India gets a higher level of preference […]
Reliance Jio has started testing its network in Kerala in cities like Thrissur, according to industry sources, and is only days away from completing its infrastructure work in most places in the state. An employee of the company was able to demonstrate decent 4G speeds using a phone made by LG Electronics. The operator will give more handsets […]
WagonR, one of India’s largest selling cars, has got auto gear shift technology. The auto gear shift transmission will be available in VXi variants of both Wagon R classic and Stingray. In addition, driver and co-driver airbags and Anti-lock Braking System (ABS) will be offered as an option across all variants, including the base variants […]
Larsen & Toubro has set up a Global Internet of Things Solutions Centre in Bangalore to cater to the fast-growing sector. “The facility will demonstrate IoT solutions for different industry verticals and give customers an opportunity to see the value addition that IoT offers,” the company said. Internet of Things refers to connecting physical infrastructure […]
SpiceJet, India’s most headline-grabbing airline, has launched its Chennai-Bangkok flights with an offer of Rs 9,999 for a return flight to the Thai capital. This is currently the cheapest price available on the sector. Bangkok is a big destination for tourists from India. A couple of years ago, AirAsia had offered return flights from Chennai […]
Google India has cancelled its three-year-old annual shopping event – the Great Online Shopping Festival, taking a step back to let the big giants like Flipkart and Amazon do their own thing. As Google pointed out, back in 2012, when it launched Great Online Shopping Festival to rival USA’s Cyber Monday, the total online shopping Industry […]
Reliance Communications Ltd announced its merger with Sistema’s Indian wireless business — Sistema Shyam Teleservices Ltd or MTS, clearing the way for the launch of 4G services by the Anil Ambani-owned firm. The move will be a challenge to Reliance Jio, which was the biggest holder of 800 MHz spectrum before this deal. With this, […]
Maruti Suzuki India sold a total of 134,209 units in October 2015, a growth of 29.1 per cent. This includes 121,063 units in the domestic market and 13,146 units in exports. The Company had sold a total of 103,973 units in October 2014. The biggest jump was seen in the sales of compact cars, which […]
