After Flipkart and Amazon, it’s the turn of Infibeam.com to offer its own ‘big bang’ sale, from Monday through Wednesday. “Various global electronics brands including Apple, Microsoft, LG, Samsung, HP, Philips along with several national brands such as Micromax, Intex and many others will be offering their products in the Big Bang Sale,” the company […]
In keeping with the overall decline in lending and deposit rates, Federal Bank has cut the interest rates offered on domestic fixed deposits by 0.50 to 0.25 percentage points. The heaviest cut is in the short-term deposit rate, where interest rate has been cut to 3.5% from 4.00% earlier. On longer-term maturities, interest rate has […]
NDTV, one of India’s biggest TV groups, has signed term sheets with unnamed investors under which they would explore the possibility of supporting NDTV’s entry into the ecommerce sector, the company said. “The Company and NDTV Convergence Limited, a subsidiary of the Company, have signed preliminary, non-binding term sheets with certain potential investors for e-commerce […]
India’s Jodi No 1 from the 90s and early 2000s is back, this time on the grand finale of DID Super Moms show on Zee TV. One of the most popular jodis of Bollywood- Govinda and Karishma Kapoor had left the entire nation spell-bound in the 90’s with their inimitable dancing style, penchant for comedy […]
Bharti Airtel is likely to clearly beat Vodafone in India in terms of growth as it has increased its spectrum lead over the No. 2 player after the recent auctions, broker CLSA said. According to CLSA, Bharti now has 18% of the total operator spectrum in India, while Vodafone has only about 11%. In the […]
Debt-laden DLF group has sold its cinema chain, DT Cinemas, to the biggest operator in the space – PVR Ltd – for Rs 500 crore. In a statement, PVR said the acquisition of DT Cinemas would add 29 screens and 6,000 seats from 8 properties in the National Capital Region and Chandigarh. Over the next […]
BMW launched the Sports edition of its Series 3 Gran Turismo Sport line-up in India today. The new BMW 3 Series Gran Turismo Sport Line is available in a diesel variant (the BMW 320d Gran Turismo Sport Line) at a special launch price (Delhi ex-showroom) of Rs 39.9 lakhs. The price includes VAT @12.5% but […]
Just a couple of years ago, buying a 4G LTE dongle to use with Airtel’s 4G service meant shelling out Rs 7,500 or so. Today, LTE dongle prices have crashed and the latest entrant to the market is the Huawei E3276, which supports 4G, 3G and 2G. The E3276 is available in the market for […]
Reliance Communications, one of India’s largest telecom companies, is offering India’s cheapest call rate – 25 paise per minute – for both STD and local calls for subscribers of its CDMA service. The offer, called ‘Diwali Dhamaka’ is available in most circles. In certain circles, however, the call rate is 30 paise per minute. In […]
Mumbai Metro has tied up with Domino’s to offer customers pizza within 3-5 minutes of ordering, starting with the Chakala station. “This is the first such Domino’s Pizza outlet in India, which will bake Pizza in three minutes and offer the same to the customers,” Mumbai Metro said. Turbo ovens and pizza warmers have been […]
Edelweiss, one of India’s biggest brokers, has downgraded Nestle India to ‘reduce’ from ‘hold’ over the controversy surrounding one of its biggest revenue drivers – Maggi noodles. Some state governments have alleged that the noodles contain lead and high levels of MSG, which the company denies. Sales of Maggi noodles are expected to have halved […]
Tata Motors saw a big jump in the sales of its passenger cars in May, according to numbers released by the company. Nano, its entry-level offering, saw total sales of 1,365 cars during May compared to just 1,001 in the same month a year ago. A similar jump was seen in its core passenger car […]
MMP Mobi Wallet Payment Systems, a subsidiary of Tata Teleservices, announced a tie up today with Manappuram Finance, one of India’s leading gold loan NBFCs, for providing online repayment option to its customers. At present, gold loan customers have to physically go to the NBFC’s branches every month to pay interest and keep the loan […]
Maruti Suzuki India Limited introduced the diesel variant of its popular model Celerio, calling the car India’s most fuel-efficient, with a mileage of 27.6 km per liter. The move will be a boost to Maruti Suzuki’s fortunes in India. India’s largest car maker had been seeing its sales numbers under pressure for the last two […]
Broker Credit Suisse said most Indian telecom companies have absorbed the impact of higher service tax on their accounts, instead of passing it on to customers by raising the price of vouchers. “Our quick checks on tariff changes over the last couple of days suggest that telcos have largely absorbed the recent increase in service […]
Bharti Airtel, India’s biggest telecom company, will raise funds by issuing ten-year, dollar-denominated bonds, the company said in a statement. The bonds are expected to be listed on the Singapore Stock Exchange, it said. They will be senior debt, but will be unsecured against the company’s assets. Bharti Airtel recently completed a long-drawn spectrum auction […]
Pointing to a flattening out of the disinflationary trend, Emkay Global Financial Services said the Reserve Bank of India is unlikely to continue much farther with the ongoing rate-easing cycle. The RBI cut key interest rates by 25 basis points today – the third such cut this year – as inflation showed signs of easing […]
Tata Motors announced the launch of its 2015 model of Safari Storme, its India-focused SUV. The pricing of the new, 2015 Safari Storme starts at Rs 9.99 Lacs (ex-showroom, New Delhi). There are four variants – LX (4×2), EX (4×2), VX (4×2 and 4×4), and in five colors – Arctic Silver, Urban Bronze, Pearl White, […]
Sistema Shyam TeleServices Ltd. (SSTL), which operates its telecom services under the MTS brand in India, said its non-voice revenue have now started contributing over half, or 51.1%, of its total revenue in India. With this, SSTL has become the first operator to achieve this milestone. Other operators such as Idea Cellular get only about […]
Rolta India, which has found itself in the midst of allegations of financial impropriety recently, said it has appointed Distributors in China, Russia and Germany to extend its reach in these markets. “These partners will promote Rolta solutions including BI and Big Data Analytics with a special focus on the flagship Rolta OneView™ Enterprise Suite,” it said. […]
