Reliance Industries, India’s most valuable company by shareholding, has restructured its telecom investments and holdings to facilitate its “early monetization”. The oil-to-retail giant said it has decided to set up a new company exclusively for holding the digital business of RJIL — devoid of towers and fiber — and plans to sell stakes in this […]
Reliance Retail, which runs chains such as Reliance Digital and Jio Store, said it will offer 15% cashback on its full range of electronic goods as a part of its Diwali sale. Electronic accessories, such as headphones, will also get an additional discount of 10%, taking the total benefit to 25%. The offers are available […]
Telecom services provider Bharti Airtel said it was launching a new ‘start-up accelerator’ program aimed at finding and investing in promising start-ups. The company said the first investment has been made in a blue-collar job-search software from Bengaluru based tech startup Vahan. The size of the investment was not revealed. “Founded in 2016 and backed […]
Even as the real estate market in the country faces uncertainties due to an overall slowdown in the economy, housing sales fell 17% in the top 7 cities of India in value terms during the Jul-Sep quarter, according to Anarock Consultants. Of the three quarters of 2019, Q3 saw the worst overall sales performance. The […]
Westway Electronics, one of the oldest TV manufacturers in India dating back to the 80s, has announced discounts for its new RCA branded LED televisions in India. Under the Diwali discount scheme, the company is offering a 32 inch HD ready TV for Rs 8,999, a 43 inch FHD Smart TV at Rs 17,999, a […]
BARC India, India’s top TV viewership measurement company, said CEO Partho Dasgupta has resigned, and will be replaced by Sunil Lulla, who was with Eros International Media and Balaji Telefilms before. BARC said Dasgupta had “relinquished his position” and moved on, indicating that it was a voluntary move. The change in leadership comes at a […]
Reliance Jio, India’s No.1 wireless operator, has unveiled three new plans that come with built in IUC minutes. The three plans are priced at Rs 222, 333 and 444. The 222 plan comes with 1 month (28 day) validity and 1,000 minutes of calling to other networks and 2 GB of data per month. Calls […]
ZEE5, the video app from Zee Entertainment Enterprises, will introduce cheaper plans soon to take on rivals in the market, company CEO Punit Goenka said. “We are working on lighter packs which we will roll-out in the next couple of months,” the CEO said. ZEE5’s annual pack is currently priced at Rs 999. Goenka was […]
Media regulator TRAI will come up with a modified set of rules to increase transparency in the pricing of television channels in the next 20-25 days, Chairman RS Sharma said on the sidelines of the open house discussion on the subject in New Delhi. Sharma’s statement comes in the wake of widespread complaints about broadcasters […]
Zee Entertainment Enterprises CEO Punit Goenka reassured investors that the recent cut in the price of some of its popular TV channels, such as Zee TV, is short-term in nature, and won’t leave any long-term impact on the company. Zee Entertainment, Star India, Sony India and TV18 Broadcast have cut the a-la carte prices of […]
Low-cost carrier SpiceJet announced four new daily flights connecting Kerala capital Thiruvananthapuram with Male and Chennai, and announced promotional fares on the routes. Under the promotional scheme, the 12:30 PM Thiruvananthapuram-Male flight is priced at Rs 5,539 and the return flight, starting at 2:45 PM, is priced at Rs 7,091. Similarly, the flight to Chennai, […]
Hathway Cable and Datacom, one of India’s biggest cable feed providers, has again turned profitable, but it also reported an increase of Rs 87 mn in its pay channel costs while subscription revenue increased by only Rs 37 mn. Given that subscription revenue increased only 1% while pay channel costs increased 7%, it is likely […]
TV18 Broadcast, which operates channels like Colors and News18, has reported a dip of Rs 71 cr in its revenue after a shift from free to pay for some of its entertainment channels and a soft economy hurt advertising sales. “Macro-weakness and shift of channels from DD Freedish to Pay ecosystem continues to drag ad-revenues […]
Reliance Jio Infocomm, India’s largest telecom operator, said it tied up with Korea-based Samsung Electronics to demonstrate 5G technology at India Mobile Congress (IMC) 2019, even as rivals Bharti Airtel and Vodafone Idea have sought DoT nod to demo with China-based Huawei. The choice of vendors could turn out to be more crucial in coming […]
Den Networks, one of India’s top cable feed providers, reported better profit margins for the three months ended September after it was able to keep a lid on payments made to broadcasters like Star, Zee and Sony. The company has been seeing a lot of volatility and uncertainty over its margins and financial performance after […]
In a big boost to Indian space technology and ISRO, Qualcomm, the world’s biggest independent provider of cellphone processors, has agreed to support Indian Regional Navigation Satellite System (IRNSS) on some of its chipsets. The move will help these mobile phones use IRNSS-NavIC for pinpointing their location. This will be in addition to the current […]
Sun Pharmaceutical Industries Ltd said one of its wholly-owned subsidiaries has commercialized CEQUA (cyclosporine ophthalmic solution) 0.09% in the U.S. CEQUA, which offers the highest concentration of cyclosporine for ophthalmic use approved by the U.S. Food and Drug Administration (FDA), is indicated to increase tear production in patients with keratoconjunctivitis sicca (dry eye), an inflammatory […]
Pharmaceuticals manufacturer Morepen Laboratories Ltd said it is ready to start manufacturing and selling three multi-billion dollar drugs, two of which are set to go off-patent in December this year. The current global market size for Rivaroxaban, a powerful anticoagulant (blood thinner), is $7.19 billion (Rs. 51,000 cores). It is the 10th largest selling drug […]
Some of the popular television channels owned by major broadcasters like Star India, Zee Entertainment and TV18 have seen their prices reduced on a temporary basis as the broadcasting regulator puts the final touches on a new law aimed at bringing down individual channel prices and curbing anti-competitive practices. The cuts come barely a week […]
New jobs posted on Naukri.com, India’s largest recruitment website, showed an increase of 8% in September compared to the same month last year. However, the headline number was boosted by strong demand for IT and BPO professionals, even as other sectors showed weakness. The biggest declines were shown in the automobile sector, which saw 20% […]
