Manufacturing improves, but Nikkei India PMI hits a low point

Business conditions across the Indian manufacturing economy improved further in October, but purchasing manager index showed weakness, research commissioned by The Nikkei newspaper showed. October saw the weakest rise in output in current 24-month sequence of expansion and new orders increased at a slower pace. The Nikkei India PMI hit a 22-month low in October. […]

Reliance Jio’s LYF 4G phone to take on Lenovo K3 Note from next week?

Reliance Jio, the biggest competitive threat to existing telecom companies in India, will come a step closer to launching its 4G services in India with the unveiling of its first 4G phone under its LYF brand next week, according to sources. The phone is  being made by CK Telecom, an original equipment manufacturer based in […]

Sonata Software buys US-based supply-chain software maker IBIS Inc

Sonata Software, one of the smaller Indian IT vendors, said it has agreed to acquire the US-based supply chain software and services provider I.B.I.S. Inc. Financial details were not disclosed. Founded in 1989, I.B.I.S., Inc. has a strategic partnership with Microsoft for the Dynamics solution and delivers world-class supply chain solutions, including its proprietary Advanced […]

Bharti Airtel is adding over 100 3G towers per day

The latest quarterly numbers released by Bharti Airtel and Idea Cellular point to an interest fact — both have increased the rate of 3G deployment by 100% or more. Bharti Airtel, for example, added 9,561 new 3G towers in India during the three months ended September, compared to only around 4,060 new towers added in […]

Infosys acquires oil and gas specialist Noah Consulting for $70 mln

Infosys Ltd, one of India’s top IT consulting companies, said it had agreed to acquire Texas-based Noah Consulting LLC, “a leading provider advanced information management consulting services for the oil and gas industry” for $70 mln cash. Noah Consulting helps upstream oil and gas companies, including super majors, independents and oil field service companies plan, […]

Volkswagen India recalls 389 Polo cars for brake repair

Volkswagen Passenger Cars in India said it was calling 389 Polo cars from a single batch of production from the month of September 2015 for inspection and preventive repair of the handbrake mechanism. The Quality Assurance department of Volkswagen India has determined that under certain conditions, the handbrake mechanism would lose effectiveness, it said. The […]

SpiceJet offers Dubai tickets at just Rs 4,999 from Calicut and Amritsar under scheme

SpiceJet, India’s most aggressive airline as far as discounts are concerned, announced tickets at Rs 4,999 from Amritsar and Kozhikode (Calicut) to Dubai for a limited period of time. The discount is being offered to celebrate the starting of services by SpiceJet on these routes. Bookings for tickets are open now and flight services will […]