ACME Solar said it has emerged as the developer for 30 MW solar PV power projects at the bid-opening event at Raipur under RFP floated by Chhattisgarh State Power Distribution Company Limited (CSPDCL) on April 01, 2014. The selected developer would sign 25 year long PPA with the agency on the uniform tariff submitted in […]
Even as the issue of foreign direct investment in defence sector is being debated, an industry association has pointed out that foreign institutional investment in Indian companies is preventing them from making defence equipment. Unlike FDI, FII is done through the stock exchange, and most companies have a large chunk of their shares being held […]
After its spectacular success in porting in high-spending customers using its unlimited voice, data and SMS offer at an effective cost of around Rs 500 per month, Reliance Communications has decided to forge ahead aggressively with an cheap 40-paise-per-minute offer for all India customers. Under the new scheme, roaming charges will not apply. This is […]
Dell zoomed to the top of India’s PC market in the first quarter of 2014 as enterprise orders, particularly government procurement, dried up and consumer market became dominant. The overall PC market fell 21% year on year, but notebook sales jumped 43%. Dell grew by 44 percent, particularly in consumer segment. HP and Acer saw […]
Bank of America Merrill Lynch, a financial conglomerate, has said that it saw banks cutting interest rates in the upcoming slack season starting September. It said, with the RBI keeping its rates on hold as part of its monetary policy review yesterday, chances of a ‘long hold’ of Reserve Bank’s interest rates are now high. […]
SpiceJet has announced a special offer starting of all inclusive one-way ticket on all its “via” and onward connection flights, starting at Rs 2,999. The main benefit will be for travelers from second tier cities such as Kochi. As an example, one could fly from Kochi to Portblair at Rs 2,999 and from Varanasi to Bangalore at […]
Ford India more than doubled its sales in May, selling 12,288 vehicles in combined domestic wholesales and exports, compared with 5,993 units sold in the corresponding period last year. The increase was largely the result of strong exports. The company exported 6,235 vehicles, against 1,991 units in the corresponding period last year. Domestic sales […]
Wipro said it will deliver managed mobility services as part of SAP mobile solutions. Wipro’s cloud-based, managed mobility services offering for SAP mobile solutions will span SAP solutions including the SAP Mobile Platform, the SAP Work Manager mobile app and the SAP Mobile Secure solution for mobile device and application management. Wipro already has a […]
Yamaha Motor India reported much better numbers for May than Bajaj Auto. Yamaha said May auto sales were 40% higher in India compared to a year ago. The company sold 47,680 units in May 2014 against 34,021 units sold in May last year in the domestic market. In the export markets, the company sold 19,440 […]
Honda Cars India Ltd reported a strong showing of 13,362 cars sold in India in May, up 18% compared to the previous year. Including exports, Honda India sold 13,880 cars in May, compared to just 11,342 in April. The May numbers were slightly better for Amaze, which has seen its numbers fall sharply after the […]
Honda Cars India will launch its upcoming, mid-sized Innova-rival, Mobilio, next month, the company said in a statement. In addition, Honda will also launch a new version of its big-size hatchback, the Jazz, in the coming months. The Mobilio will be a seven seater and is expected to give the Toyota Innova a run for […]
Wipro Ltd, India’s fourth largest IT exporter, will help DEN Networks, one of India’s top four cable operators, offer a variety of IT-enabled customer solutions. The tie-up comes in the wake of increasing digitization in which big cable feed providers like DEN are coming into direct contact with customers for billing, channel provisioning and customer […]
Maruti Suzuki, India’s largest car maker, reported a 19.2% increase in May auto sales, boosted by strong exports and a pickup in the sales of mid-range compact cars such as Swift and Ritz. Total sales in May was 1,00,925 units, out of which exports accounted for 10,365. Exports for May were up 51.2%. Domestic sales […]
Even as Toyota India reported a better than expected number for car sales, Mahindra & Mahindra reported a 19% decline in sales for passenger vehicle sales in May. Total May auto sales for Mahindra & Mahindra was down 13% at 37,869. The company, which makes the XUV 5oo — one of the most advanced passenger […]
Bajaj Auto Ltd reported a 4% jump in May 2014 auto sales compared to May 2013 due to a rise in the commercial vehicle sales. The company which gets about 11% of its volumes from commercial vehicles such as auto-rickshaws, had been having a tough time in the division. In May, the commercial vehicle division […]
After a bruising stand-off with workers, Toyota Kirloskar Motor bounced back in May, posting a 6% increase in vehicle sales compared to the same month a year ago. The jump was helped by the launch of its Etios Cross SUV and the new Corolla Altis. It may be noted that the Cross enters a segment […]
Among the sectors crying out for reform under the new Narendra Modi government is agriculture and food production. Crisil, arguably India’s biggest credit rating and economy research house, has called for the new government to abolish the Agricultural Produce Market Committee Act or APMC to curb high food price inflation. The APMC Act prohibits farmers […]
Indian Oil Corporation Ltd. has decided to increase the retail selling price of Diesel by Rs.0.50/litre (excluding state levies) with effect from midnight of 31st May/1st Jun’14. In effect, it implies a rise of 65 to 75 paise per liter. “The above increase is pursuant to GOI order dated 17th Jan’13, whereby OMCs have been […]
Infosys Ltd said it has not made up its mind about its next CEO, and media speculation about the next leader being from outside the company was just that. “The company’s search for its new Chief Executive Officer and Managing Director continues and no decision has been taken in this regard as of date. Any […]
A slew of cheap octacore phones have hit the Indian market over the last one month, starting with the iBerry Auxus Nuclea X, Gionee Elife S 5.5, Intex Aqua Octa and ending with the launch of the Panasonic P81, Wickedleak Wammy Neo, Alcatel One touch IDOL X+ and the Karbonn Titanium Octane Plus in the last […]
