The demand for natural gas in India will increase to ~330 MMSCMD by FY 25, while the supply will increase by 60% to around 150 MMSCMD by FY 25, credit rating agency ICRA said. The increase in supply will be due to the likely commencement of GSPC’s Deen Dayal block and ONGC’s KG basin blocks […]
RattanIndia Apna Solar, a venture of Indiabulls-co-founder Rajiv Rattan, has won a contract to place solar panels on 75 public buildings in cities of Bhopal, Indore and Jabalpur in Madhya Pradesh as part of the Madhya Pradesh government’s efforts to increase renewable power generation. The contract was awarded by Madhya Pradesh Madhya Kshetra Vidyut Vitran […]
The Agri Business vertical of Mahindra & Mahindra, part of the USD 16.9 billion Mahindra Group, today announced the launch of its branded edible oil – NuPro. The company, under the Nufro brand, will offer a bouquet of edible oils, starting with mustard oil. The product is priced at Rs. 144 for a one litre […]
Maruti Suzuki, India’s biggest carmaker, has given further details of S-Cross, the premium hatchback that is set to be launched next month, at an investor event in Mumbai today. In a presentation, Maruti Suzuki said the S-Cross will create a new class, and has been built on a brand new platform. “S-CROSS offers bold […]
Idea Cellular said it was “not aware of” any move by Bharti Infratel, a unit of Bharti Airtel, to takeover telecom towers owned by Vodafone and Idea Cellular. The Business Standard yesterday reported that the three companies were in talks over such a possibility. The three companies have already pooled most of their telecom towers […]
Ginger Hotels announced its 34th hotel in the pilgrimage city of Tirupati. “Situated in the heart of the Tirupati city, the hotel provides the guests an easy access to places of worship, key transport modes and basic amenities of the city,” Roots Corporation said. Ginger Hotels is one of India’s largest hotel chains, and caters […]
The fight over preserving net neutrality (the right to use data as and how a consumer wants) is restarting and the first shot has been fired by NGO Telecom Watchdog. Echoing widespread sentiment, the NGO attacked the recommendations of an internal Department of Telecom Committee that said that calls between WhatsApp users and others should […]
Samsung Electronics India today announced the launch of two new 4G enabled smartphones in the J Series – Galaxy J5 and Galaxy J7, making 4G experience more accessible and enjoyable for Indian consumers while expanding its LTE smartphone portfolio to 10. The new smartphones from Samsung are a combination of powerful technology, innovative features and […]
The Tata Motors Group global wholesales in June 2015, including Jaguar Land Rover, at 76,602 nos., remained flat, over June 2014. Cumulative wholesales for this fiscal were at 233,487 nos., higher by 2%, over last fiscal. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in June 2015 were 31,083 nos., remained […]
Department of Telecom’s Committee on Net Neutrality said the use of data packs by consumers to make voice calls amounted to bypassing “existing licensing and regulatory regime”. The committee therefore said that such a state of affairs must be rectified. It did not specify how consumers were “bypassing regulations” by using their data packs for […]
Zee Cinema will use technology from Amagi Media Labs to geo-target advertisements, or show different ads in different areas. “Zee Cinema will now give advertisers targeted access to over 158,600,000 viewers and coverage across 16 markets where Amagi has the capability to deliver geo-targeted content,” Amagi said. The 16 markets are Delhi-NCR, UP, Punjab, Rajasthan, […]
The top three rank holders on all India basis of Chartered Accountants Final Examinations held in May, 2015 are from Delhi and Secunderabad, Machilipatnam (Andhra Pradesh) & Mumbai respectively, said the Institute of Chartered Accountants of India (ICAI). ICAI announced the results of Chartered Accountants Final Examination held in May, 2015 and that of the […]
The trade deficit widened in June, partly due to a rise in non-oil-non-gold (NONG) imports, a key indicator of domestic demand. “Details within the import bill throws up two interesting developments – higher food imports to augment domestic supplies ahead of potentially weak monsoon rains and firmer urban consumption demand for electronics and transport equipment,” […]
The NCR residential market is stuck with an estimated inventory of 1,70,000 units while another 90,000 dwelling units under-construction are likely to be delayed for hand-over, reveals the ASSOCHAM recent survey. “A large inventory is piling up despite prices correcting by over 20 per cent in the last one year, while there is a huge […]
Flipkart, India’s largest e-commerce marketplace opened its newest warehouse at Dadri, UP, taking the total warehouse strength across India to 14, and throwing its focus on the Hindi heartland. Typically, most of the ecommerce volumes in India come from the South and West, with the North and East lagging slightly. As a result, most of […]
Bangalore has overtaken Mumbai as the home to the biggest start-up investment scene, attracting about 30% of angel funding in India, said a report on ‘Angel Investing’ brought out by InnoVen Capital India and Association of Indian Angel Groups (AIAG). India Angel Report 2015 also found that the median angel funding round grew to Rs […]
Zensar Technologies announced its first quarter results of FY16 today, reporting year on year revenue growth of 16.5% from INR 604.78 crore to INR 704.64 crore in quarter ended June 30, 2015. The company did not disclose the growth when calculated in dollar terms. The rupee has depreciated against the dollar significantly over the past […]
Boeing and Tata Advanced Systems Limited (TASL) said they signed a framework agreement to collaborate in aerospace and defense manufacturing and potential integrated systems development opportunities, including unmanned aerial vehicles. The companies intend to market jointly the products and platforms developed together by Boeing and TASL. The agreement was signed by Shelley Lavender, president of […]
After airlines, its hotels that are offering discounts for advanced booking. Hilton Worldwide, which also owns the DoubleTree brand, is offering 25% at the 14 hotels in its India portfolio if bookings are made before Sept 30 this year. The period of stay must be on or before January 17, 2016. “This offer is ideal […]
The Associated Chamber of Commerce and Industry of India (ASSOCHAM), India’s third biggest industry forum, today announced it will consider opening office in Teheran, immediately after global trade with Iran becomes normal following lifting of international sanctions. Yesterday, Western powers and Iran announced an agreement to move towards normalization of trade and diplomatic relationships. Till […]
