Bajaj Auto reported a 5% decline in its September motorcycle sales, in line with a broader weakening trend seen in bike sales for the month. Total motorcycle sales fell to 3.3 lakh from 3.47 lakh a year ago during the month. However, three-wheeler and commercial vehicle sales increased by 3% to 54,172. However, on a […]
SpiceJet, one of India’s top budget airlines, said it has not received any request from the Airports Authority of India seeking extra charges from it. “A section of media is reporting that Airport Authority of India has asked SpiceJet to pay an additional daily amount. However we would like to clarify that SpiceJet has been […]
Mahanagar Gas Ltd, India’s biggest vendor of CNG fuel, has cut the price of the commodity after cuts by upstream providers such as ONGC and Reliance. “Consequent to the reduction in the price of domestically produced natural gas by the Government of India, Mahanagar Gas Limited (MGL) is pleased to reduce its CNG price by […]
The TRAI has promulgated new draft guidelines — which are expected to soon turn into final guidelines — that require cable and DTH operators to keep the rates charged from ‘a la carte’ customers under check. At present, DTH operators charge up to Rs 50 per channel from customers who do not subscribe to the […]
Following a steep 0.5 percentage point cut in policy rates by the Reserve Bank of India, Axis Bank — one of India’s largest lenders — has cut its base interest rate to 9.50% from 9.85%. This will mean lower EMIs for hundreds of thousands of its floating loan customers. The cut is with effect from […]
With spectrum trading rules promulgated, all eyes are on two key players — Aircel Cellular and Tata Teleservices — wondering whether they will sell coveted 3G and 4G spectrum held with them. Operators like Bharti Airtel, Vodafone and Idea Cellular are known to be keen to buy spectrum from these operators. Adding fuel to speculation […]
AirAsia – the world’s best low-cost airline, will offer up to 1,000 OnePlus 2 invites to AirAsia customers (predetermined through a lucky draw), the company said. Previously, others like Ola Cabs and Airtel also announced schemes to dispense with OnePlus Two invites, which enable the user to buy a OnePlus Two handset for Rs 24,999. […]
National carrier Air India will relocate its domestic operations in Mumbai from Terminal 1A to Terminal 2 from October 1, 2015. Passengers who want to catch domestic flights will now have to go to T2, Chhatrapati Shivaji International Airport, Sahar. “With this move, Air India passengers will have the advantage of a smooth and seamless […]
Avantha Group Company CG has won a Euro 17 million (Rs 125 crore) contract to supply ZIV single and three phase smart meters to Gas Natural Fenosa and will be the main supplier for the utility. ZIV smart meters will cover a large part of the demand for domestic meters from GNF, having won the […]
L&T Infrastructure Finance Company Ltd – belonging to the engineering conglomerate Larsen & Toubro Ltd (L&T) – reduced its prime lending rate by 0.25% to 15.50% per year effective 15th Sept, the company said. “This revised PLR shall be applicable in respect of both existing loans and new disbursals, in accordance with the relevant clauses […]
Equity markets across the globe, including and particularly emerging markets, will see a relief rally if the US Federal Reserve puts off a rate hike today, said Rohit Gadia, Founder & CEO, CapitalVia Global Research. US Fed will conclude its policy meet today and give clarity on the much debated rate hike. Indian markets are […]
West India focused Poddar Developers said it will pay stamp duty and registration charges on behalf of their customers in this festive season in a move that will translate to a saving of 5-6% for the buyers. The offer is available on three affordable housing projects – Poddar Evergreen in Badlapur, Poddar Aspire in Kalyan […]
Reliance Communications has introduced a special offer under which customers who use the AC2739 CDMA modem can get ultra-high-speed wireless data (known as Rev B) at just Rs 28.2 per GB under its “Freedom Recharge” offer. Under the offer, anyone can recharge for Rs 1947 before Sept 30 and get 69 GB of high-speed data […]
Spectrum trading is likely to lead to consolidation in the Indian telecom industry and four telecom operators — Bharti Airtel, Idea Cellular, Vodafone and Reliance Jio — are likely to emerge the winners — analysts said. “The industry could see emergence of four pan-India players (Bharti Airtel Limited, Vodafone India Limited, Idea Cellular Ltd and […]
Amid rising concerns of call drops, the TRAI is floating second consultation paper within two weeks time clearly stipulating the factors and compensation that may be paid to the consumer by telecom, said its Chairman Mr R.S. Sharma at an ASSOCHAM event held in New Delhi today. The Telecom Regulatory Authority of India (TRAI) is […]
Mahindra has unveiled the TUV300 — the company’s ‘tough’ alternative to compact SUVs like S-Cross, Fiat Avventura and Hyundai Creta. The model has been priced at Rs 6.9 lakh prior to taxes etc in Pune. The BS-V version will start at 7.25 lakhs. The high-end version costs Rs 8.4 lakhs in Pune, which is 1.4 […]
Mahindra is all set to unveil the TUV300 — the company’s competitor to the newly unveiled SUVs from Maruti Suzuki — S-Cross, Fiat Avventura and Hyundai Creta. Click below to watch the launch of TUV300 live at 11 AM today. https://www.youtube.com/watch?v=zo9-qoXYKEQ&feature=youtu.be The vehicle has been called the most refined car produced by Mahindra & Mahindra […]
Axiata Group Berhadand Bharti Airtel Limited said they have entered into an exclusive discussion to explore the possibility of combining the business operations of their telecommunication subsidiaries in Bangladesh; namely, Robi Axiata Limited and Airtel Bangladesh Limited. Malaysia-based Axiata holds a stake of around 20% in Idea Cellular in India. “There is no certainty that […]
India Yamaha Motor Pvt. Ltd. (IYM), the leading two wheeler manufacturer, today inaugurated its third manufacturing facility at the industrial park in Vallam Vadagal situated at the outskirts of Chennai, Tamil Nadu. The new factory will be the first in the Yamaha Motor group to have a vendor park in its vicinity. Spread across 177 […]
The Indian government today implemented perhaps the most awaited reform in the telecom sector in recent years — spectrum trading. Trading will be allowed for all spectrum acquired through auctions or for which ‘market rates’ have been paid. Largely as expected, the norms however have hit MTS — owned by Russia’s Sistema — badly as […]
