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 […]
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. […]
After bravely going where no others dared, state-owned Bharat Sanchar Nigam Ltd has cut the validity of its Rs 68 3G recharge scheme from 5 days to just 3 days. The 1-GB-for-Rs-68 scheme was launched by BSNL in the beginning of this year and had instantly become a big hit as it was extremely cheap […]
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 […]
Indian pharmaceuticals giant Cipla Ltd has agreed to sell its entire 25% stake in Biomab Holding Limited, Hong Kong to its joint venture partner, for $25.8 mln. The stake has been purchased by Biomab Brilliant Limited, a British Virgin Islands-based company which holds the remaining 75% stake. The transaction is valued at about 165 cr […]
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 […]
Zebronics, one of India’s biggest electronics brands, is offering a 40-inch LED TV and a sound bar for Rs 29,999 as part of its Diwali offerings. “Zebronics lights up this Diwali with surround sound and best viewing experience with its latest promotional offer which includes Zebronics Juke Bar worth Rs 5499 as the compliments to […]
Facebook CEO and founder Mark Zuckerberg is holding a ‘town hall’ in IIT Delhi today. You can watch the live streaming of the town hall event by clicking here. Facebook has come under criticism from the Indian online community for trying to push its version of limited Internet to ‘underprivileged’ people in India. The IIT […]
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 […]
Xiaomi, the Chinese brand known for bringing high technology to low budgets, has launched its own Segway-type scooter at just 1,999 Yuan, which translates to about Rs 20,000. The scooter, named Ninebot Mini – has a top speed of 16 km per hour and can go up inclines of up to 15 degrees. The total […]
SpiceJet has launched a non-stop daily flight on the Delhi – Kochi – Delhi route from today. At present, the airline has two ‘hopping’ flights on the route. Though passengers do not have to change aircraft, the current system does result in a loss of about 45 minutes due to the stop over at airports […]
Vodafone India said it will launch its 4G services in Delhi-NCR by December 2015. Key corridors of Delhi-NCR will be part of the first wave of the 4G roll-out, which will be launched across the circle in a phased manner, it added. “Testing of 4G services has commenced successfully. Vodafone India has partnered with leading […]
Hennes & Mauritz AB, the Swedish fashion retailer, said it will open its second store in New Delhi on Saturday, 7 November, 2015. The new store will be situated at Ambience Mall, Vasant Kunj and will be spread over more than 28000 sq. ft. The first seven women in queue on opening day will be […]
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, […]
Nestle, the maker of Maggi Noodles, said all three tests mandated by the High Court of Bombay have proven that the noodles are safe to eat. “We have received test results from all three laboratories mandated by the Hon’ble Bombay High Court to test MAGGI Noodles samples. All the 90 samples, covering 6 variants, tested […]
Mumbai-based Oberoi Group has won contracts to manage two new luxury hotels in Qatar, the hotel and hospitality group said. The first is a 250-key luxury hotel being developed in the West Bay area of Doha and the second a 148-key luxury serviced apartment building located in Lusail, Doha. In the hotel business, properties are […]
Months after Videocon D2h and Tata Sky launched such pilot efforts, Airtel Digital has also joined the 4K UHD bandwagon launching its first channel. “Airtel’s 4K UHD channel provides the best of picture quality which is 4 times superior to regular HD channels and will customers to engage in a theatre like experience in the […]
In one of the biggest fleet expansions in Indian aviation history, aggressive low-cost carrier SpiceJet said it will add six new aircraft to its existing fleet in the next 30 days. The low-cost carrier, also unveiled a new winter schedule raising total daily flights to 291 from the current 250, adding 10 new sectors, 30 […]
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 […]
