Mahindra and Mahindra reported revenue of Rs. 10474 crore for the quarter ended June as against Rs. 10734 crore in the same quarter of the previous year. The Net Profit after tax fell to Rs. 831 crore as against Rs. 896 crore last year due to the absence of a one-time gain that was there […]
Flipkart is offering substantial discounts on smartphones, TVs, home appliances, laptops and other items under its ‘Freedom Sale’. The Freedom Sale is available today and tomorrow. However, to get the discounts, you’ll have to download Flipkart’s mobile app and use that to make the purchase. Those with SBI credit or debit cards can get an […]
TRAI today issued the “Telecom Consumers Protection (Eighth Amendment) Regulations, 2015” to requiring strict levels of disclosure of billing for mobile data. While prepaid users do get such notifications even now, these rules will extend the benefit to postpaid users in addition. TRAI has been receiving several complaints from consumers regarding non-availability of information relating to […]
Bharti Airtel said it had acquired its 30th million customer in Nigeria. “In acquiring 30 million subscribers in Africa’s most populous nation, the company has hit another milestone of achieving a 20 percent market penetration in the country,” it said. Making the announcement, Airtel Africa CEO Mr. Christian de Faria, noted that the company’s success […]
Pramerica Asset Managers, the asset management business in India of Pramerica Investment Management, said it had agreed to buy Deutsche Bank’s India asset management business. Separately, Dewan Housing Finance Corporation Ltd also said that it had decided to acquire 50% of the equity share capital of Pramerica Asset Managers Private Limited — the asset management […]
With competition increasing due to the launch of 4G by Bharti Airtel and the impending launch of Reliance Jio, 3G data prices seem to be on a rapid decline. Vodafone today announced that all 3G data packs in Mumbai will now offer double the data than previously, in effect halving the cost of 3G data. […]
Shoppers Stop, one of India’s oldest organized retailer, has tied up with Snapdeal, One of India’s largest online marketplaces, to sell its merchandise through a flagship Shoppers Stop store on the online portal. “This partnership will leverage Shoppers Stop’s unparalleled brand assortment and Snapdeal’s pan India reach to create a superlative and holistic omni-channel retail […]
Pre-school chain Tree House Education & Accessories Ltd reported a 28.05% jump in revenue for the first quarter to Rs 69.03 cr, while profit after tax rose 12.2% to Rs 18.02 cr. “In Q1FY16, we opened 35 new centers and, as a result, we are today spread across 97 cities with our total pre-school count […]
Diversified Piramal Enterprises Ltd reported a 25% jump in its first-quarter revenue to Rs 1,474 Crores and a quadrupling of net profit to Rs 205 Crores. Company has delivered a strong revenue performance with growth across all three business segments during the quarter. 63% of the total revenues were generated in foreign currency. Operating profit […]
If you are a Sennheiser aficionado and want to get hold of some wireless headset from the German brand, make sure you visit Croma this weekend or the next. Sennheiser is giving away one RS-110 wireless headset, worth Rs 5,990, in each of the 15 Croma outlets covered by the scheme. These Croma outlets comprise […]
Bharti Airtel, India’s largest telecom provider, today launched 4G in another 296 cities, adding to the nearly three dozen or so places where it was already available. The total number of cities with Airtel 4G is now above 300. These cities are spread over 12 circles where Airtel has 4G spectrum. These telecom circles, starting from […]
Four months before big competitor Reliance Jio is ready, Bharti Airtel, India’s biggest telco, announced the commercial launch of its high speed 4G LTE services in 296 towns across India. This follows the successful trial of services in select cities and the feedback received from customers. The event marks the biggest ever 4G roll out […]
Motherson Sumi Systems Limited (MSSL) said first-quarter revenue rose 12% to Rs 9,252 Cr and net profit rose 62% to Rs 266 Cr from a year ago. The company’s subsidiary SMP has been nominated in the Volkswagen Group Procurement Strategic Partners for Future Automotive Supply Tracks, it said. Its unit SMRPBV reported revenue growth of […]
Life insurer HDFC Life said it will start selling insurance policies using the Common Services Centre (CSC) network set up by the govenrment. The company has designed HDFC Life CSC Suraksha, an exclusive term insurance plan to be sold through CSC channel, it said. The annual premium for the specal CSC Suraksha scheme starts at […]
Sonata Software said that it has agreed to acquire US-based enterprise mobile specialist Halosys. Based in Santa Clara, California, Halosys is an innovator in providing technology platform and solutions that help enterprises implement mobile solutions for their business. “Halosys provides a single Unified Enterprise Mobile Enablement platform that enables businesses build, secure, manage and deploy […]
MINI India, owned by BMW, has announced new prices for the entire MINI product range in India. Mr. Philipp von Sahr, President, BMW Group India said, “MINI has always found a perfect balance between MINI heritage, future-defining forms and innovations. MINI brand has been built for individualists, its unmistakeable design and undiluted driving fun has […]
FMCG company Emami Ltd reported a 22.4% increase in Q1 revenue to Rs. 590 crores, while EBIDTA rose by 32.9% to Rs. 100 crores and PAT at Rs. 88 crores grew by 23.9% compared to a year ago. Domestic business in the first quarter grew steadily to achieve a healthy topline growth of 23.4%. Despite […]
India’s biggest car maker Maruti Suzuki launched its first premium cross-over, S-CROSS in two diesel engine options: DDiS 200 and DDiS 320. “Its bold cross-over looks, premium interiors and rich features enable the S-CROSS to stand out. The combination of massive torque, power and superior ride and handling is bound to delight customers. By offering […]
IDBI Bank, arguably the most tech-savvy among government banks in India, has implemented a new digital system for processing loans such as education loans, auto loans and personal loans. “The system would improve turn-around time for these loans and bring about customer delight,” it said. The new system is in addition to its existing loan […]
Due to low tariffs rates and discounts offered by hotels, resorts and airlines, India’s domestic tourism has gone up by 23.5% during the monsoon season as compared to 18.5% last year, said industry association ASSOCHAM. The ASSOCHAM survey reveals that there has been a surge in travel by Indians within the country in the last […]
