The Reserve Bank of India has flagged two key areas of concerns as far as monetary policy is concerned – the threat of poor monsoon, and the return of high inflation due to possible increase in oil prices. “While headline inflation has moderated, price pressures arising from a possible sub-normal monsoon and uncertainties about crude […]
Tata AIG General Insurance Co, one of India’s top insurers, has been pulled up by the country’s top consumer court after the company claimed that it did not insure a buffalo as claimed by a farmer, and that someone had cheated the farmer by forging documents. “It is a sad story that the gullible persons […]
The National Consumer Rights Redressal Commission, India’s top consumer court, has reversed orders by lower foras that had awarded damages in lieu of a registered post that was lost in transit by India Post. Presiding member Justice JM Malik set aside the orders of district and Chhatisgarh state consumer commission after holding that India Post […]
Magicbricks, one of the players fighting it out in the highly competitive online real estate classifieds business, said it had implemented a full-fledged map search feature on its website. Map search, in which users can visually search for apartment complexes and photo-view are the two features that helped disruptive start-up housing.com to corner a large […]
Jet Airways, one of India’s top three airlines, denied rumors of its foreign partner Etihad Airways, approaching the government for permission to increase its stake in the Indian airline. “With reference to news item appearing in leading newspaper dated June 24, 2015 titled, “We would like to state that certain media reports about Etihad Airways […]
Vodafone India, one of India’s leading telecommunications service providers, in its continued endeavour to boost adoption of 3G data has launched an exclusive free 3G DATA offer in Mumbai. The offer is exclusive for customers who buy the any of the following phones — Galaxy A3, Galaxy A5, Galaxy A7, Galaxy Note III, Note EDGE, […]
It looks like Flipkart is very eager to get some of its exclusive items moving off its shelves, going by the kind of offers and discounts that the online retailer is offering today – the last day of its Big App Shopping Days. The best offers in the electronic segments are the following. Xiaomi Mi […]
Volkswagen will launch the 2015 version of its C sedan Vento today at 12 noon. Dealers have already started taking orders for the new Vento. The Vento competes with Honda City, Maruti Suzuki Ciaz and Hyundai Verna 4S in India. The 2015 model is unlikely to witness any big change on the internals, with the […]
Finance minister Arun Jaitley said India’s economic growth prospects for the current year is improving with the improvement in monsoon rains. Speaking an interaction with representatives of Silicon Valley companies such as Microsoft, Amazon, Oracle, Google, Cisco, First Solar, Aemetis, Ebay and so on, Jaitley said monsoon predictions are improving and with it the prospects […]
Close on the heels of another discount offer by SpiceJet, AirAsia has also announced what looks like a much bigger promotional offer. AirAsia India is offering all-inclusive one way fare from as low as Rs 799 for flights from Bengaluru to Kochi, Rs 999 from Bengaluru to Goa/ Pune/Vishakapatnam , Rs 1599 from Bengaluru to […]
Bajaj Auto said its latest premium motorcycle Bajaj Pulsar RS 200 has seen over 7,000 bookings in the first three months since launch and that the waiting period for the model is now two months. Pulsar is Bajaj Auto’s key profit driver and arguably the most successful motorcycle sub-brand along with Hero’s Splendor. ““The all […]
Nilesh Shivji Vikamsey has been appointed as Part-Time Chairman of Federal Bank and the appointment has been approved by the Reserve Bank of India, the bank said. CA. Vikamsey, who will assume office on 20th June 2015, succeeds Prof. Abraham Koshy, who retired from the Board of Federal Bank on 17th May 2015 on successful […]
GVK Power & Infrastructure Ltd said it has sold its 217 MW (Phase 1) Power Plant situated at Jegurupadu Village, in Rajahmundry in Andhra Pradesh to AP Transco, the Andhra Pradesh power transportation utility, as per an agreement. “GVK Industries Ltd has received a notice from the AP Transco stating that they have exercised their […]
Syngene International, an India-based Contract Research Organisation and a subsidiary of Biocon Ltd, announced that it has received the Foreign Investment Promotion Board (“FIPB”) approval for raising the foreign investment to 44% from the earlier approved 10% by way of its Initial Public Offering (“IPO”). The IPO is an offer for sale (“OFS”) by Biocon […]
Mahindra & Mahindra will launch its new mini truck Jeeto in Mumbai on Wednesday, taking on the leader Tata Ace. M&M already has a player in the market – the Gio, but has not been able to make a big dent in this space yet. Tata Ace is currently the leader in the sub-1 ton […]
Micromax Canvas Selfie Lens is now available with some retailers in Delhi at a price of Rs 8,000. The phone, however, is not available online yet, but should hit eBay and other stores soon. The highlight of the Lolipop phone is the attention that has been given to the two cameras – the 5 MP […]
Reliance Jio, the telecom arm of Reliance Industries, said it has received a provisional license from the government of India to conduct cable TV operations across India. The license will enable the company to launch its brand of Jio boxes, which work over LTE as well as over regular cable. Jio boxes will enable users […]
Air India, India’s national carrier, denied reports that it had neglected to take care of its customers grounded due to technical failure with a flight from Paris to New Delhi. Media reports had said that forty Indian students, who were stranded at an airport in Paris, were forced to sleep on the floor of the […]
After seeing great traction in the Indian market, Coolpad today launched Coolpad Dazen 1 Black, which is cheaper by Rs 1,000. Responding to this, Lenovo has also cut the price of the A6000 Plus by Rs 500 to Rs 6,999. Priced at just Rs 5,999 and available on Snapdeal, Dazen 1 is now the undisputed […]
The Department of Telecom is unlikely to allow all telecom operators to conduct spectrum swapping, and permit only those players who hold only auctioned spectrum to do so. This move is likely to severely restrict the benefits and applicability of spectrum swapping as ‘subsidized spectrum’ allocated in earlier years is lying co-mingled with newer auctioned […]
