State Bank of India (SBI), the largest bank in India, has entered into a Tripartite memorandum of understandingn with bankbazaar.com and SBI CAP Securities Ltd to provide one more online platform for applying for SBI Home Loans. “This partnership will help the Bank Under this arrangement, the Bank will be able to display its Home […]
The National Consumer Disputes Redressal Commission has dismissed an appeal by Hindustan Petroleum Corporation Ltd (HPCL) against an order by a lower body that imposed heavy damages on the company after faulty fixation of gas-tube led to an explosion at the premises of a customer. HPCL and its gas agency were told to pay Rs […]
Jet Airways has introduced new flights in India, taking its total daily seats deployment on the domestic network from 63,500 to 64,500 per day. The new frequency between the metro cities Mumbai and Chennai will start with effect from July 23, 2015. Flight 9W 481 will depart from Mumbai at 1310 hrs and arrive in […]
The upcoming Samsung Z3, the Korean giant’s second phone based on the Tizen operating system, will offer decent mid-range specifications at a jaw-dropping price of just Rs 8,490. The price makes the Z3 the cheapest phone with an AMOLED display. However, the downside to the model is the Spreadtrum SC7730S chipset, which doesn’t have 4G. The highlight […]
Honda Motorcycle & Scooter India Pvt. – the fastest growing major motorcycle brand in India unveiled its latest entry-level offering — the new 110cc LIVO. The Honda LIVO comes in 4 colors – Athletic Blue Metallic, Pearl Amazing White, Sunset Brown Metallic & Black; and is available for sale in two variants Self-Drum-Alloy and Self-Disc-Alloy. […]
With the Centre seen waiving the 150-km rule and certain environment regulations to allow a new airport in Navi Mumbai, bids for residential-cum-commercial plots in Kharghar have through the roof. Builder Bhagwati Group bid Rs 1.84 lakh per sq mtr – the highest price quoted so far for a Kharghar plot. That translates to Rs […]
Tata Motors has bagged an order to supply around 1200 nos. of its high-mobility 6X6 multi-axle trucks, from the Indian Army – the single largest order awarded to an Indian private OEM (Original Equipment Manufacturers) in land systems under the DPP by the Indian army. The order for 6X6 vehicles is for ‘Material Handling Cranes’ […]
PVR has opened its 106th Multiplex today at VED Trans Cube Plaza, Vadodara, Gujarat. The theatre complex will support 3D technology with 7.1 audio, and offers a “wide range of food options”. Spread across an area of 49,600 sq ft, the multiplex is equipped with a seating capacity of 1,239 seats, the cinema company said. […]
Two weeks after announcing that it would sell much of its India business to Hinduja Global Solutions, India-based outsourcing company Mphasis said it is transferring part of the remaining India business to Karvy Data Management Services Limited. Karvy Data is a provider of business and knowledge process services in India. “This is Mphasis’ second definitive agreement further […]
Tata Consultancy Services seemed to be suffering from intense pricing competition, as it reported a sequential dollar revenue growth of just 3.5% compared to the 4% that the Street was looking for. “We’ve had a realization dip of 120 basis points. Realization has been flat compared to last year.. last two quarters had seen realization […]
Infosys said it will now offer the Finacle suite of software solutions on Verizon Cloud. Finacle is a software suite designed to run banks on, while Verizon cloud refers to an Internet-based platform offered by Verizon. Core bank software is usually not run on cloud computing infrastructure, particularly over public cloud platforms, due to security-related concerns. […]
In an announcement that coincided with the release of Tata Consultancy Services’ quarterly results, Wipro Ltd said it has agreed to acquire Designit, a global design firm based in Denmark. The Denmark-based firm specializes in designing user experience, interaction design and product innovation. The value of the transaction was not revealed. “This investment marks a […]
Maruti Suzuki said it has now sold one lakh Celerios – increasingly its mainstay model. Launched at Delhi Auto Expo 2014, Celerio is credited with introducing Auto Gear Shift Technology in the Indian automobile industry. Celerio is one of Maruti Suzuki’s top selling models and among the top 10 selling cars in India. The car […]
Following a similar report from Monster India, the biggest hiring portal of the country — Naukri.com, has also pointed to a sharp increase in hiring in June this year. Naukri’s Job Speak Index for the month of June 2015 stood at 1749, up 11% over June 2014. Essentially, the index compares the number of new […]
Vodafone India, one of India’s leading telecom service providers, has entered into a strategic tie-up with Walmart India, the wholly owned subsidiary of world’s largest retailer Walmart Stores Inc for mobile payments. The tie-up will enable business members of six Best Price Modern Wholesale stores, owned and operated by Walmart India, to make payments using […]
Tata Consultancy Services Ltd is scheduled to report its first-quarter results at 4 pm today. India’s biggest IT services company has been giving out disappointing quarterly numbers for over a year, and the market is hoping that the IT major will not disappoint this time. We bring you a summary of what different analysts expect […]
Lodha Developers, which describes itself as the largest real estate developer in the country, said it has got more applications for its upcoming Prime Central Thane residential project than the number of units on sale. Against around 2,000 1- and 2-bedroom homes, it got applications for 2,500 in the nine-day IPO style event, it said. […]
Essar group has signed a non-binding Term Sheet with Russian oil and gas major Rosneft to explore the possibility of the Russian company investing in Essar oil with a share of up to 49% of equity, the Indian company said. It also said that OJSC Rosneft Oil Company (‘Rosneft’) will supply Essar Oil will crude […]
European credit investors see more possibility of contagion from emerging market risks via Brazil than other major emerging markets (EMs), according to Fitch Ratings’ latest senior investor survey. Seventy-six percent of respondents to the survey, which closed on 2 July, selected Brazil when asked to choose two countries from a list of five where they […]
Maruti Suzuki announced that it has started accepting pre-launch bookings for S-CROSS, India’s first premium crossover. “S-CROSS combines the power and performance of an SUV with the comfort and premiumness of a sedan. Two engine options are available: DDiS 200 and DDiS 320,” said the company. The car is arguably the most stylish vehicle launched […]
