Vodafone India said that it will launch its 4G services by end of the calendar year 2015. Important data markets including Mumbai, Delhi, Kolkata, Bengaluru and Kochi will be part of the first wave of the roll-out. Vodafone India had successfully acquired additional 4G (LTE) spectrum in 5 circles viz. Mumbai, Delhi, Kolkata, Kerala and Karnataka […]
The MMRDA has sanctioned Rs 35,400 crore for a 118-km expansion of Metro network in Mumbai. The new areas for which money has been sanctioned include Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor (Rs 12,000 crore and 40 km), Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 via Wadala GPO and R.A.Kidwai Marg (Rs 12,000 crore and 40 km), Dahisar-E-Andheri-E-Bandra-E Metro-5 corridor (Rs 8,100 crore […]
Tata Motors today announced the launch of a new smart pick-up – Tata ACE Mega. “The ACE Mega, with superior performance, enhanced looks, strong cabin with rated payload of 1Tonne, will offer the best-in-class fuel efficiency and lowest cost of ownership. It is an innovative cargo transport solution in the Small Commercial Vehicle (SCV) segment,” […]
Amazon India will launch a special store on national sports day on August 29. The store will include a wide variety of outdoor and indoor sports, as well as great deals for the entire week. “All sports enthusiasts can now shop for a wide selection of sports equipment all at one place,” it said. “India […]
Adani Enterprises said its deal with US-based solar manufacturer SunEdison is still continuing, and no decision has been taken to annul it. The clarification came after widespread media reports that Adani Enterprises has canceled their agreement and the Indian company was on the lookout for a new partner for its solar venture. The deal with […]
Bosch, a leading supplier of technology and services, inaugurated its 14th manufacturing facility in India at Bidadi, near Bengaluru. The Rs 340 cr plant will manufacture products for the Diesel Systems division. “India is a key pillar of our growth strategy in Asia Pacific. A strong local presence is the basis for further growth in […]
Bharti Airtel is trying to address a key weakness in the lucrative market of Kerala — the lack of a 3G network — by going aggressively with its 4G roll-out. The biggest cities, Kochi and Calicut, have already got LTE services from the company, while most of the cities in the state will be covered […]
Amazon India today announced the launch of its Household Supplies store that offers a wide range of products including dishwashing detergents, household cleaners, laundry detergents, paper, plastic wraps as well as puja supplies. These products will be delivered to any place in India. The entry of the giant into this space could squeeze specialized online […]
More companies gave double digit increments in the first six months of this year compared to the number that had expected to give such increments six months back, according to Naukri Hiring Outlook survey. At an overall level, 68% recruiters gave increments more than 10% in 2015. “The percentage of recruiters who actually doled out […]
The current volatility in the stock market is a good opportunity to put money into shares, said Aashish Somaiyaa, CEO of Motilal Oswal Asset Management Company. He said India continued to be in a ‘long term bull’ market and the fundamentals of the economy continue to be robust. “Any extraneous development which gives an opportunity […]
Multi Commodity Exchange of India Ltd, India’s leading commodity exchange, said it will set up an electronic trading, clearing and settlement platform at GIFT City, Gandhinagar. The move is the biggest expansion by the commodity exchange company after it was taken out of the control of Financial Technologies, which was caught up in a scam […]
The number of searches for educational courses outside India has more than doubled this year compared to the last, according to a study undertaken on the trends in overseas education by Sulekha.com, a local services and classifieds website. “When compared to the previous year, the study witnessed 114% upsurge in online search for overseas education,” […]
India’s leading stock exchange National Stock Exchange of India Ltd installed a 6.25 MW wind power project at Satara in Maharashtra. “65% of the energy consumption of NSE office located at Exchange Plaza building, Bandra-Kurla Complex (BKC) Mumbai will be met by this wind project,” a statement said. The project was implemented by Suzlon Group, […]
The Power Transmission & Distribution Business of L&T Construction has won orders worth Rs. 1,563 crores in both the international and domestic markets in July & August 2015, the construction company said. “As a strategic breakthrough in the ASEAN market, a key order has been received from Tenaga Nasional Berhad (TNB) for the design, manufacture, […]
ITC Ltd, the biggest Indian-owned FMCG brand, said it had not got any information or notice from the government of Uttar Pradesh about excess lead in its YiPPee brand of noodles and pasta. The company was responding to media reports that said that the UP Government’s Food and Drug Administration had detected excess lead in […]
With the market showing extreme volatility, the Indian Oil Corporation’s offer for sale of 24.3 cr shares did not get adequate response from retail investors. Though 20% of the offer was exclusively reserved for retail investors, the company managed to get subscriptions for only about one-fifth of this quota. A 5% discount was also offered […]
Qyk, the fastest growing hyper-local professional services startup in India announced a $1 mn pre-series A investment led by growx ventures, an early stage investment firm. Existing seed investors – Tracxn Labs, Powai Lake Ventures, and Sahil Barua — co-founder, Delhivery — also participated in this round. Qyk’s app offers professionals such as event planners, […]
The government of India will invest Rs 857 cr into Corporation Bank as part of its bank recapitalization efforts, the public sector bank said. Public sector banks, including the State Bank of India, are facing mounting NPAs or defaults as big debtors, such as corporations, refuse to, or are unable to make payments. The taxpayer […]
Indian stock markets saw the biggest absolute decline (in terms of index points) today, with the benchmark BSE Sensex declining 1624 points and the Nifty down 491 points, or about 6%. The sell-off was triggered by global capital shift away from equities, which have been going up more or less uninterrupted for nearly five years. […]
In the midst of debate on the impact of slowdown in the Chinese economy on rest of the world, India’s engineering exports have started witnessing a negative fallout with a drop of 36 per cent in export of non-ferrous metals to China in June, 2015, an analysis by the EEPC India has shown. Exports of […]
