Reliance Industries chairman Mukesh Ambani today announced that Jio will start giving out connections of its much-awaited broadband service, Jio GigaFiber, starting on August 15. Surprisingly, Ambani said the service will be available in 1,100 cities of India from Day 1, and not 100 cities as was announced two years ago. This means that Jio […]
Reliance Industries, the parent of Reliance Retail, said it has acquired a 12.5% stake in a fashion company called Future101 Design Pvt Ltd at a cost of Rs 9.5 cr. The Gurgaon-based company designs and manufactures garments such as ladies kurtis and men’s shirts. “Future101, incorporated in July, 2013 is engaged in manufacturing, distribution and […]
SpiceJet said it has started selling tickets under its ‘Mega Monsoon Sale’ with ticket prices starting at Rs 999 for travel in India. The five-day sale launched today will be open till midnight of Monday, 8 July 2018. Bookings can be made for travel between 4th July to 8 October. Tickets under the sale can […]
WhatsApp, India’s largest communication platform used by an estimated 65% of the country’s online population, has come under scrutiny for providing a conduit to distribute ‘fake news’ after multiple cases of lynchings came to light. While the company has urged ‘society and companies’ to help tackle the menace, the messaging application has some more to […]
Maruti Suzuki said it has sold 3 lakh units of Vitara Brezza, the most popular SUV to have hit the Indian market ever. Given that the model was launched in March 2016, this works out to average sales of 10,700 units per month. The number of cars that sell above 10,000 units in India can […]
Households owning rooftop solar systems could save up to 95 per cent on their electricity bills, according to an independent study by Council on Energy, Environment and Water (CEEW) and BSES Yamuna Power Limited . Solar system costs have declined by 27 per cent, year-on-year, over the last three years, making rooftop solar a lucrative […]
The Telecom Regulatory Authority of India has started implementing the tariff order issued last year with effect from today. The move follows the refusal of the Madras High Court to strike down the TRAI tariff orders issued early last year. “Having complied with the judicial mandates in the matter, the (tariff orders).. as upheld by […]
Jindal Steel and Power Limited said steel sales volumes in India rose 46% in Apr-Jun quarter to 1.18 mln tons compared to the year ago. The sales number is at a similar level to the preceding Jan-Mar quarter, when the company had sold 1.18 million tons. In terms of production, there was an increase of […]
Mahindra & Mahindra, one of the country’s top tractor makers, said it saw a sharp jump of 24% in the number of tractors sold in June this year. Total tractors sold by the company in June in India jumped to 39,277 from 31,660 last year. This was a stronger performance from May, when it had […]
Indian PC market continued to be in throes of a prolonged recession in the first three months of 2018, according to data from CMR, but could report its first yearly growth rate in 2018. CMR said there was a decline of 9.2% in the number of computers sold to consumers in India in Jan-Mar period […]
Wipro said it has completed the sale of its hosted data center services business for $399 mln as announced three months ago. The business, consisting of Wipro Data Centre and Cloud Services, Inc. (USA), a portion of data center business in Germany and UK and certain employees in India, was sold to to Ensono, a […]
A chartered plane carrying four people crashed in Ghatkopar in Mumbai. The crash took place on an under-construction building in Sarvodaya Society, near the telephone exchange in Ghatkopar West. One person who was standing near the site has died. The aircraft was on a test flight and had taken off from Juhu airport. There were […]
Adani Ports and Special Economic Zone Ltd said it has received relevant regulatory approval for the acquisition of Kattupalli port near Chennai from L&T Shipbuilding. The company said it now expects to close the transaction, announced two years ago, in one week. The Port is located 30 kms towards north of Chennai and and can […]
Anil Ambani-led Reliance Infrastructure said it has won approval from the Maharashtra Electricity Regulatory Commission for the sale of its Mumbai power business to Adani Transmission Ltd. It said it now expects to close the Rs 18,800 cr transaction next month. Reliance Infrastructure will utilize the proceeds of the transaction entirely to reduce its debt, […]
Chhatrapati Shivaji International Airport has introduced check in facility from a number of hotels near the airport. The hotels are Sahara Star, Hyatt Regency, Taj Santacruz, ITC Maratha, Hilton Mumbai International Airport & The LaLiT. People who check in at the hotel can drop their check-in luggage using self-bag-drop facility and generate a baggage tag […]
GMR Infrastructure said its unit Kakinada SEZ Ltd has won the contract to create a greenfield, commercial port in East Godavari District of Andhra Pradesh. The Greenfield Port would be located at around 30 Km North from the city of Kakinada and proposed to be developed as an all-weather, deep draft, multi-cargo port, the infrastructure […]
The Supreme Court bench of Justice Arun Mishra and Justice Sanjay Kaul has removed the ‘immunity’ enjoyed by Enforcement Directorate official Rajeshwar Singh and said the government can go ahead with any probe into his conduct, and remove him, if it wants to, from the investigation. Rajeshwar Singh, on his part, claimed that his life […]
BJP leader Subramanian Swamy has expressed suspicions of an ‘internal sabotage’ of the investigations into the so-called Aircel-Maxis scam, in which the accused include former finance minister P Chidambaram and son Karthi. “BJP government at Centre, judging by today proceedings on Aircel Maxis in SC, is under internal sabotage. Have to find out who is […]
JSW Steel said it will increase the manufacturing capacity of its Vijayanagar Works plant to 13 millions tons per year from 12 MTPA by March 2020 at a cost of Rs 7,500 crore. The plant is claimed as the largest state-of-the-art single location steel manufacturing unit in India. Located 380 kilometres from Karnataka’s capital city, […]
HCL said it was buying H&D International Group, a Germany-based provider of IT and engineering services to the automotive industry, for an undisclosed sum. It described H&D International as one of the largest IT service providers in the German automotive industry. “H&D has established a strong footprint in the German and Central European automotive markets […]
