Mahindra & Mahindra Limited said it was signing a Memorandum of Understanding with the government of Tamil Nadu to invest Rs 2,000 crore in the state. The investment will cover a new automotive plant as well as a new Test track for Mahindra Research Valley. “The Company could also increase the investment to Rs.4,000 crores […]
Philips Lighting has introduced its Hue platform that lets people control the lights iin their homes using mobile apps and the web. “Philips Hue is the next generation of lighting innovation that has redefined the possibilities of LED technology by integrating the digital light source with the Internet of Things concept,” it said. The platform […]
Crompton Greaves Ltd, part of Avantha Group, has won a 3-year contract from the French distribution network operator Électricité Réseau Distribution France (ERDF) to provide maintenance and repair services to 4,500 high power transformers. These transformers of ERDF, which manages 95% of the electricity distribution network in France, are credited with supplying energy to 35 […]
Idea Cellular, Vodafone India and Bharti Airtel are known to have started offering aggressive discounts on their 3G plans to their customers via promotional offers and SMSes ahead of Reliance Jio’s launch. All three are already offering 1 GB of 3G data for Rs 149 as opposed to Rs 249 earlier. However, the discounts don’t […]
Federal Bank has joined a group of 11 other banks to offer instant money transfer facility using ATM cards. Customers of Federal Bank can transfer money to those of any of the other 11 banks (as well as to Federal Bank customers) by visiting Federal Bank ATMS. At present, money transfer requires a visit to […]
Fitch Ratings said in a new report that pessimism over China’s short-term outlook is overdone and a growth pick-up in the second half is already in the pipeline. ‘But expectations for the economy’s growth potential in the medium term are shifting lower as the scale of the restructuring challenge becomes clearer,” it said. Global capital […]
Vodafone is going to town about its double data offer — claiming that now you can get double the amount of data at the same old recharge prices. Most of the media reports on the subject say that the offer is valid on all data recharges, such as this one. But is it really the […]
Idea Cellular CEO Himanshu Kapania will be one of the highest paid executives in India after his reappointment for five years starting April next year. According to the plans disclosed by the company, Kapania will be offered the following terms. A basic pay of Rs 12.9 lakhs plus a special allowance of 14.8 lakhs, coming […]
Intel has unveiled 40 of its new chips belonging to the Skylake or 6th Generation family. While there many advancements all over, for the price-sensitive customers, the launch gives special reasons to celebrate. FOR DESKTOPS First, the Skylake processors bring 4K UHD display support at a silicon price of just $64 (Rs 4,200). This was […]
The TCS-CMC merger achieved a crucial milestone with the Bombay High Court approving the merger. The court approval virtually completes the legal formalities involved in the deal. CMC has around 11,000 employees, while TCS has over 3 lakh. CMC’s results are already consolidated in TCS’ numbers as it is a subsidiary. CMC shareholders will get […]
Central Depository Services (India) Limited, one of India’s two depositories, said the total number of active demat accounts opened with it as at the end of August, 2015 has crossed 1 crore, implying that the total in India would be over 2 crore (20 mln). On this occasion, Shri. N. Rangachary – Chairman, CDSL said […]
ŠKODA AUTO India has introduced the all new Rapid Anniversary Edition with exciting features at a starting price of Rs 6.99 lakhs across the country. “Riding on ŠKODA’s acclaimed Simply Clever philosophy, this range comes with a host of fresh features designed to enhance the overall ownership experience for customers,” the car brand said. Unique […]
TVS Motor Company recorded total sales of 227,653 units in the month of August 2015 against 225,064 units in the month of August 2014; posting a growth of 1% over the same month of the previous year. The company s total exports grew by 21% with sales increasing from 35,074 units in the month of […]
Wego, a travel search site targeting the Asia Pacific and Middle East, is pushing low-cost options as a way to travel around the world for pleasure. Typically, it is very difficult to plan a travel around the world purely using low-cost carriers or LCCs as you need to know all the special ways to get […]
Maruti Suzuki India Limited sold a total of 117,864 vehicles in August 2015, a growth of 6.4%. This includes 106,781 units in the domestic market and 11,083 units in exports. The Company had sold a total of 110,776 units in August 2014. However, sales of compact cars — its bread and butter — fell 11.3% […]
Larsen & Toubro, India’s largest construction company, has won an order to design and build tracks for Riyadh Metro project in Saudi Arabia. The value of the contract is estimated at $161.37 Mn or 1070 crores. The project involves the construction of 62.86 KMs of double ballastless tracks in tunnels, viaducts, at-grade sections and three […]
A report by magicbricks.com has revealed that real estate prices are seeing a downtrend in North India, while continuing to rise in the West and the South. Real estate prices increased in markets such as Bangalore and Hyderabad. “The southern region comprising of Bengaluru (6%), Hyderabad (4%) and Chennai (1%) was the best performer followed […]
Puravankara, one of South India’s biggest real estate companies, has set its sights on Hyderabad, one of the few cities in India where real estate prices are still largely affordable. Bangalore, Puravanakara’s home market, as well as Delhi and Mumbai, have seen prices increase so much over the last few years that demand has been […]
The Water & Effluent Treatment Strategic Business Group of L&T Construction has won turnkey orders worth Rs 1,489 crores in August 2015, in three packages, the construction company said. The orders were won from Public Health Engineering Department, Ajmer, under the Rajasthan Rural Water Supply and Fluorosis Mitigation Project. The projects, funded by Japan International […]
Troubles within China are expected to spell disaster for the Indian steel industry as desperate Chinese manufacturers would dump their products more rigorously abroad, having already registered a growth of 232 per cent in their shipments to Indian ports, an ASSOCHAM study has cautioned. Indian steel makers have already been hit by declining prices due […]
