Flipkart has launched the Moto G3, the 3rd Generation of the most successful mid-range phone in India at a higher-than-expected price for the lower-end phone. There are two versions of the phone, one with a lower amount of memory, 8 GB storage and 1 GB RAM, and another with a higher amount of memory, 16 GB storage […]
Café Coffee Day (CCD), India’s biggest branded eatery by far, said it is offering freebies to customers till July 26th as part of its 19th birthday celebrations. The company, which is trying to conduct is IPO, said it will gift back an offer to each customer who bills at CCD which will be redeemable with […]
Aircel Cellular is offering free voice calling on 2G data recharges. In Mumbai circle, for example, anyone who buys 1 GB of 2G data for Rs 195 will get 20,000 seconds of free talk time. In other words, for around 20,000 paise, you get 20,000 seconds of talktime plus 1 GB of data. “The product […]
A surprisingly weak revenue growth number from Wipro has served as a grim reminder that the problems facing Indian IT have not been overcome, and that this may turn out to be another painful season of quarterly results from Indian IT companies. Wipro first-quarter IT Services revenue grew just 0.2% in constant currency. Indian IT […]
Wipro first-quarter IT Services revenue disappointed with a sequential growth of just 0.2% in constant currency. YoY, constant currency growth was 8.1%. In dollar terms, IT Services Segment Revenue was $1,794.1 million, a sequential increase of 1.1%. The performance is all the more jarring due to a spectacular performance by Infosys just days ago. Infosys […]
The Telecom Regulatory Authority of India has asked all broadcasting companies in India to roll-back the recent hikes that they introduced in their pay channel rates. Pay channel rates had been hiked by around 27% over the past one year after the TRAI allowed such a move to adjust for inflation. However, the move was […]
SpiceJet, the country’s #2 low-cost carrier, today announced the launch of a unique Equated Monthly Installment (EMI) scheme for air tickets. Payment for the ticket can be made even over a 12 month period. Also called ‘Book Now, Pay Later’ scheme, it extends credit to passengers at up to 70% lower interest rates than those […]
National Payments Corporation of India (NPCI), the umbrella organisation for retail payments in India, has awarded the contract to develop a Digital Payments Enablement Platform to RS Software. RS Software is a key provider of outsourcing services to payment processing companies, and counts Visa as its biggest customer. The platform is meant to facilitate & […]
BMW, the German car brand is launching the 2015 version of its successful ‘sports activity coupe’ BMW X6 in India today. The price of the model is expected to be between 75 lakhs to 1.1 cr. BMW X6 combines the characteristics of an SUV, such as high ground clearance, all-wheel drive and all-weather ability, large […]
Mahindra & Mahindra Ltd, India ’s leading SUV manufacturer, unveiled the New Thar offroader. “The New Thar CRDe comes with enhanced exteriors, and all new interiors with added comfort & convenience features, all of which take the legendary off-roader to the next level,” Mahindra and Mahindra said. Targeted at the off-roading enthusiasts and people wanting […]
Indicash ATMs, the largest independent operator of cash dispensing machines in India, has introduced a new cash-transfer facility. “Customers simply need to dip their card at an Indicash™ ATM, enter the PIN followed by the 16-digit debit card number of the beneficiary and confirm the amount to be transferred.,” Tata Communications Payment Solutions Limited said. […]
CEAT Limited reported flat first-quarter revenue at Rs 1,456 crore, while the company’s net profit jumped 134% to Rs. 121 crore and the EBITDA increased by 65% to Rs 224 crore due to lower input costs. Anant Goenka, Managing Director, CEAT Limited, said, “In this quarter, our sales growth was flat; however margins have improved […]
SKS Microfinance Limited today announced that its gross loan portfolio excluding the states of Andhra Pradesh and Telangana registered a 15% quarter-on-quarter growth to Rs. 4,797 crore in Q1-FY16. Loan disbursements increased by 105% on a year-on-year basis to Rs. 2,377 crore in Q1-FY16 (Rs. 1,160 crore in Q1-FY15). During the quarter, the Company had […]
TV Today Network Ltd said the government of India has allowed the sale of its FM radio stations in in Amritsar, Jodhpur, Patiala and Shimla, but rejected the sale of stations in Delhi, Mumbai and Kolkata. The three applications were rejected as Entertainment Networks India Ltd (ENIL) already has radio licenses in those cities. In […]
SpiceJet denied media reports that it had been told to appear in an income tax case by a Delhi court. “..the Company has not received any summon or notice as reported in certain sections of the media,” it said in a letter to the BSE. Media has reported in recent days that a court has […]
Following a similar move by BSE, larger peer National Stock Exchange of India has now issued notices to 115 active listed companies to include women directors on board. “The exchange has conducted a study of listed companies recently. About 88% of the companies seem to have complied with the SEBI directive among the NSE listed […]
Idea Cellular added the highest number of subscribers in June, according to numbers released by Cellular Operators’ Association of India. Idea added 1.62 mln subscribers in June, which more than four times as many as Vodafone added in the same month. The runner up was Bharti Airtel, which added 1.22 mln. Uninor followed as a distant […]
TV18 Broadcasting Ltd swung to a first-quarter operating loss as expenses increased and revenue fell. Revenue fell to Rs 596.7 cr from Rs 629.7 cr in the preceding quarter. However, operating expenses rose to 595.9 cr from 555.1 cr in the previous quarter. Revenue from media operations fell to Rs 566.3 cr from 628.9 cr […]
Whirlpool of India, a subsidiary of Whirlpool Corporation, the world’s leading home appliance company, said its first-quarter revenue grew by 4.6% to Rs. 1,100.3 Cr. Profit after Tax at Rs. 98.1 Cr. was higher by 18.2% over the same quarter last year. EBITDA margin at 14.8% was better by 1.6 points than the corresponding quarter […]
The acquisition of Singapore-based Global Services Engineering Asia from Pratt & Whitney (P&W) will strengthens the Indian IT provider’s aftermarket capabilities in the aerospace segment, analysts said. Global Services has been catering to P&W’s MRO (maintenance, repair and overhaul) requirements in the region. Global Services currently has a revenue base of USD10-12mn with EBITDA margin […]
