Cisco announced new investments in India of up to USD 20 million over the next five years into the Cisco Networking Academy, with an additional USD 40 million for the next phase of expansion in India. NETWORKING ACADEMY The Cisco Networking Academy in India is one of the largest programs for Cisco worldwide. Across 198 […]
With the latest generation of Intel’s Broadwell chips demonstrating a great improvement in graphics capabilities, chip giant Intel is getting ready to push its new-format desktop device by teaching consumers how to build a powerful PC for just Rs 16,990 ($270). Earlier, creating a custom PC with decent power required users to buy components such […]
Terming the progress in monsoon rains as a positive trend, minister of state for Science and Technology and Earth Sciences, Mr Y.S. Chowdary today sought to allay concerns over forecast of deficient monsoon rains at an ASSOCHAM event held in New Delhi. “Monsoon is in a positive trend, there is no need to have any […]
Fitch Ratings said it does not expect the Indian government’s increase in customs duties on steel imports to alleviate much of the pressure on Indian steel producers, which have been challenged by cheap imports and weak domestic demand. The government increased the customs duty on long product to 7.5% from 5.5 %, and on flat […]
Fitch Ratings has revised its outlook on India-based property developer Lodha Developers Private Ltd to Negative from Stable saying the real estate major’s reduction of debt has been slower than expected. However, the ratings agency expects improvements in the company’s operating metrics this year. “The Outlook revision reflects weaker-than-expected operating performance for the financial year […]
Terra Motors, a Japanese maker of e-rickshaws and two-wheelers, will open dealerships across the country, the company said. The company is aiming at opening 80 outlets pan India by the end of next year. e-rickshaws are a growing category in India, spurred by the need to cut pollution in India’s big cities and the rising […]
Lakshmi Vilas Bank increased the savings interest rates to 5% on balances upto ₹5 Lakhs and 6% on balances above ₹5 Lakhs to garner low-cost deposits. At present, most banks offer 4% interest on savings bank accounts. Only exceptional banks, such as Kotak Mahindra, offer 6% – that too on balances above Rs 10,000. Meanwhile, […]
Bharti Airtel said its deal with Helios Towers Africa to sell telecom towers in Tanzania and Tchad has fallen through. “…the agreements for sale of tower assets in Tanzania and Tchad between the respective subsidiaries of Bharti Airtel Limited and have lapsed and therefore stands terminated,” said the company. In July last year, Bharti Airtel […]
Following close on heels with its new brand image, SpiceJet has announced an aggressive discount sale on its international flights. The airline is all geared up to offer 50000 seats at red hot fares for select international sectors. The all inclusive one-way fares range from a minimum of Rs. 3099/- to Rs. 5599/- for destinations […]
By the end of 2017, market demand for mobile app development services will grow at least five times faster than internal IT organization capacity to deliver them, according to Gartner, Inc. Gartner forecasts mobile phone sales will reach 2.1 billion units by 2019, which will fuel demand for apps in the enterprise that meet the […]
The proposed merger between petroleum producer Cairn India and its parent Vedanta Plc is “likely to be unlikely”, Edelweiss Securities said. Raising the question of minority interest, Edelweiss said the deal does not seem to offer any overt benefits to Cairn India. “From Cairn’s perspective, we fail to understand the benefits of any synergies that […]
Air Seychelles has expanded its network reach into India by adding Bangalore, Chennai, Delhi, Hyderabad and Kolkata to its codeshare agreement with Jet Airways. With these additional codeshare routes, Air Seychelles now offers connections to nine Indian cities on Jet Airways’ domestic network, including Ahmedabad, Jaipur, Kochi and Thiruvananthapuram. Codeshare refers to an agreement by […]
Ambience Pvt. Ltd., a real estate developer company mainly having focus on premium developments, is in the process of leasing out a recently constructed corporate office tower in Gurgaon with one million sq ft of leasable area, the company said. The real estate firm expects to earn Rs 150 crore of annual rental income by […]
MTNL’s chairman and managing director PK Purwar has resigned, the company said. MTNL gave no reason for the development, but only said that Purwar had “relinquished the charge of CMD.” NK Yadav has been appointed in his stead as the new MTNL head, it said. Purwar, a long-serving director of finance at MTNL, was appointed […]
Reliance Communications and Sistema Shyam Teleservices (MTS) announced that they were in exclusive discussions to merge their operations. While this was seen as being in the works, especially after a recent statement by Sistema’s Dmitry Shukov, analysts are saying that this merger will be a win-win for both parties. “If they can merge, then it […]
Adani group has signed an agreement with the government of Rajasthan to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India, a statement on behalf of the group said. The JV will be known as Adani Renewable Energy Park Rajasthan Ltd, will have a 50-50 equity […]
ICICI Prudential, India’s fifth biggest mutual fund by equity holdings, increased its cash holdings in May by selling most of its holdings in Bharti Airtel and much of its holdings in ONGC, Crompton Greaves, Cairn India, Hindalco and SJVN, publicly available numbers revealed. Mutual funds typically increase cash holdings when they expect share prices to […]
The Tata Motors Group’s global wholesales of vehicles rose 2.2% year on year to 79,244 vehicles, the company said. The number is higher by 2% compared to the previous month as well. Unlike retail sales, wholesale refers to the sale of vehicles to agencies like defence forces, other companies and so on. Most of the […]
Reliance Industries Chairman Mukesh Ambani today made several key announcements about the launch of the company’s telecom, Internet and media services under its Reliance Jio brand. The details set forth in his speech give an idea of how Reliance Jio can totally disrupt the existing telecom and Internet scenario in the country. Here is a […]
Sony India today introduced Xperia C4 – billed as “the ultimate phone for selfie lovers”, at a price of Rs 29,490. Of course, the price is a bit high for its specifications, but Sony is not exactly the cost-conscious customer’s darling. The Xperia C4 follows the launch of the E4 some months ago, as well […]
