Tech Mahindra said its revenue fell 0.8% quarter on quarter in the three months ended March to Rs 7,495 crore, while net profit fell 31% to Rs 588 cr. In dollar terms, revenue rose 1.3% quarter on quarter and in constant currency terms, it was up 0.9% QoQ. In dollar terms, operating profit fell 22% […]
Samsung J2 is the most widely used smartphone in India[/caption]The humble Samsung Galaxy J2, launched two years ago, is the most widely used smartphone in India, beating hot-selling models like Xiaomi Redmi Note 3 & 4 CyberMedia Research said. “Samsung Galaxy J2 emerged as the No 1 Smartphone in India by Installed base in less […]
India’s premier public sector miner has auctioned rough diamonds worth over Rs 110 cr via e-auction, beating a slowdown in India’s gems and jewellery sector. It is “a significant development amidst the global slowdown in diamond industry,” said mjunction, an e-auction company that also helped with India’s spectrum sales. “The e-auction process has successfully overcome […]
The Kerala High Court has annulled the marriage of a Hindu girl who converted to Islam pointing out that she did not take permission from her parents. According to Sunni Islamic law, it is compulsory for the woman to get the permission of her wali or guardian — usually her parents — to get married. In this […]
Times Group, India’s largest media group, has taken a step towards what may eventually be a paid model for online news by introducing ‘exclusive’ content for registered users. For now, registration and membership is free. Users can sign in using their Facebook or Google IDs, without having to type a single word. PAID MODEL? The move […]
Tata Sky, the Indian DTH operator with the highest amount of spectrum and channels, will add five more HD channels to take the total high-definition offerings on the platform to 86. The new channels being added tomorrow are DSports, MTV HD+, Surya (Malayalam), Udaya (Kannada) and Gemini Movies (Telugu). With 86 HD channels, the operator […]
Google has selected six Indian Startups for the fourth class of its ‘Launchpad Accelerator’ program, including RailYatri, RecipeBook and FastFilmz. In the six months program, they will undergo intensive mentoring from 20+ teams across Google and mentors from top technology companies and VCs in Silicon Valley. Additionally they will receive equity-free support and credits for […]
The fastest growing mobile handset brand in India, Xiaomi, said it sold 2.5 lakh units of its entry-level phone Redmi 4 in its inaugural flash sale today. The numbers indicate that the company may have yet another big hit on its hands after the enormously successful Note 4 — which is also the fastest selling […]
SpiceJet announced its ‘12th Anniversary Sale’, offering one-way base fares starting as low as Rs 12 plus taxes for travel on its domestic and international network. “The starting base fare of Rs 12, excluding applicable taxes and surcharge, is applicable on all direct domestic and international nonstop flights and would be available on a first […]
SpiceJet has introduced self check-in for baggage at Mumbai’s Chhatrapati Shivaji domestic airport. Customers flying with SpiceJet can now simply check-in their baggage at the self-service kiosks themselves up to 45 minutes prior to the departure time. “Independent of counter opening hours passengers can simply drop-off their luggage easily by themselves, without having to wait […]
Zee Media Ltd, the news broadcasting company of the Essel Group, has launched Zee Hindustan, a self-described ‘nationalist’ Hindi news channel. Most Indian news channels are ‘nationalist’ already, and it is unclear how the new venture from the media house plans to be sufficiently different. “Indian Television Industry will witness the new age News business […]
IDBI Bank, one of India’s largest government-controlled banks, said it received notice of strike from the “United Forum of IDBI Bank Officers and Employees”. The strike will be on Tuesday, May 23, and is aimed at demanding “revision of pay and allowances and other issues,” the bank said. The Forum represents a section of its employees and […]
O Paneerselvam, the ex-chief minister of Tamil Nadu and the leader of a prominent faction within the All India Anna Dravida Munnetra Kazhakam (All India Anna Dravida Advancement Front) has indicated that his faction is open to an alliance with the Bharatiya Janata Party. Panneerselvam had been expected to support the BJP after some crucial […]
Xiaomi has emerged as the second biggest smartphone brand in India after Samsung as its smash hit Redmi Note 4 broke sales records, according to market share numbers for the first three months of the year. The numbers also revealed that for the first time in eight years, there could be no Indian brand in […]
Rajinikanth, the most popular actor in Tamil Nadu, today made it more or less clear that he would enter politics soon. Going by his comments, the charismatic actor is likely to float a new party, which has made existing parties such as the BJP, AIADMK and DMK nervous. Speaking to his fans, the actor today […]
India today announced among the biggest civil nuclear programs anywhere in the world, saying it will set up 7,700 MW of indigenously developed nuclear power plans. It is the first time that the country is creating so much capacity using local technology. Nearly all Indian nuclear plants are based on imported technology. Typically, India relies […]
HMD Global, a company formed by ex-Nokia employees, announced the launch of the new Nokia 3310 handset in India. “The Nokia 3310 will be available across top mobile stores in India starting May 18, 2017,” it said. The phone will retail at a recommended best buy price of Rs 3,310, the company added. The Nokia […]
Fierce competition from new entrant Reliance Jio is pushing the incumbent telecom operators Bharti Airtel, Reliance Jio and Vodafone India to accelerate negotiations to allow them to use each other’s full networks. As of now, these operators only share ‘passive’ or ‘dead’ infrastructure such as the physical tower and generator sets. Active infrastructure — or […]
Idea Cellular, the telecom company controlled by the Aditya Birla group, said it will spend Rs 6,000 cr to expand its 3G and 4G services in the current financial year. The planned investment of Rs 6,000 cr has been “earmarked for expanding broadband coverage (and to) increase wireless data capacity” and for the launch of […]
Delhi Airport Metro Express Private Ltd, an associate company of Reliance Infrastructure, said it was awarded compensation of Rs 2,950 crore by a three member Arbitration Tribunal in a dispute with Delhi Metro Rail Corporation or DMRC. The tribunal was constituted from a panel nominated by DMRC. The Award to RInfra has been granted on […]
