Myntra, part of Flipkart, appointed Ambarish Kenghe as Senior Vice President and Head of Product. Ambarish will start working at Myntra’s Bengaluru headquarters by the end of this month and will report to CEO, Mukesh Bansal to scale up Myntra’s product road map. His task at the app-based retailer will include “leveraging the mobile smartphone […]
SpiceJet, India’s No. 2 airline, announced the return of its Re 1 Airfare Sale putting more than 1 lakh tickets at just Rs 1 excluding taxes and fees. “Round-trip purchase is required, wherein the other leg of the journey is at regular fares. This offer is available on select domestic direct (non-stop) flights only, and […]
SpiceJet, India’s No. 2 airline, today announced the return of its Re 1 Airfare Sale putting more than 1 lakh tickets at just Rs 1 excluding taxes and fees. “Round-trip purchase is required, wherein the other leg of the journey is at regular fares. This offer is available on select domestic direct (non-stop) flights only, […]
Coal India Ltd said it has relinquished 170 sq. km out of 224 sq km allocated to it under two licenses for extracting coal in in Tete province of Mozambique. Coal India said the move was the result of study of geological data. “In the 316th Board meeting held on July 04, 2015, on the […]
Ajay Kumar Pandey will take over as Managing Director & Group CEO of Gujarat International Finance Tec-City Company Ltd or GIFT with effect from August 01, 2015. Incumbent head of GIFT, Mr. Ramakant Jha, who has successfully steered this project since November 2009, to make it India’s first global level ‘Smart City’ as well as […]
Rolta Power Pvt. Ltd. and China-based Zhenfa New Energy Science and Technology Co. Ltd. has signed an agreement to build solar parks in India, targeting a capacity of 2 GigaWatt by 2020. “As per the MoU, the partnership enables us to share our revenue with Zhenfa, a win-win scenario for both the companies,” said, Dr. […]
Tata Motors India’s largest commercial vehicle manufacturer opened a new integrated sales, service and spares facility for commercial vehicles in Tumkur near Bangalore, and said it plans to open two more such ‘3S’ facilities in Davangere and Chitradurga in Karnataka. While the Tumkur facility is spread over 6,800 Square Meters, the facility in Davangere is […]
Certain rules suggested by the government of India for possible inclusion in its upcoming e-commerce policy have drawn opposition from industry bodies. Key among these are the conditions that payment collection, packing and delivery should be made the responsibility of the seller and not the intermediary website (such as Flipkart and Amazon). The Department of […]
NIIT Technologies, an IT solutions organization, reported a revenue increase of 11% for the first quarter over the same period last year, at Rs 641.1 Crores. Operating Profits grew 34.5% over same period last year to rupee104.2 Crores and Profit after Tax expanded 35.5% to Rs 58.5 Crores. “The quarter witnessed robust 8.9% sequential growth […]
With retail inflation inching up contrary to expectations of downward movement, it is time to keep to eye on onion prices which may increase further by 10-15 per cent in the rainy season, according to an ASSOCHAM paper. While onion is selling at Rs 1800-2500 per quintal in different wholesale mandis, the retail vendors are […]
YES Bank, India’s 5th largest private sector Bank, received approval from the Reserve Bank of India to set up International Financial Services Centre Banking Units (IBUs) in Gujarat International Finance Tec City (GIFT). “Establishing the IBU will propel YES BANK’s growth plans further by providing it access to International financial markets, as well as provide […]
BSE said it has issued advisory letters to 530 companies regarding levy of fines for non-compliance with the said provision within the prescribed timelines. The notices were sent following a circular by Securities and Exchange Board of India. SEBI, via its circular dated April 8, 2015 had prescribed the schedule of fines to be levied […]
Daimler India Commercial Vehicles (DICV) started production at its new plant in Oragadam with its school bus range. The new plant will manufacture buses with gross vehicle weight of 9, 16 and above 16 ton range. The first to roll off the line was a BharatBenz school bus. The company currently produces and sells above […]
Essel Propack Limited, a provider of plastic tubes catering to the FMCG & Pharma space, said it has sold its wholly owned subsidiary, Packaging India Pvt. Ltd. to Amcor Flexibles India Pvt. with immediate effect. The deal is completed for full cash consideration. The Enterprise value (including the debt on the books of the sold […]
The National Consumer Disputes Redressal Commission has dismissed an appeal by Hindustan Petroleum Corporation Ltd (HPCL) against an order by a lower body that imposed heavy damages on the company after faulty fixation of gas-tube led to an explosion at the premises of a customer. HPCL and its gas agency were told to pay Rs […]
Jet Airways has introduced new flights in India, taking its total daily seats deployment on the domestic network from 63,500 to 64,500 per day. The new frequency between the metro cities Mumbai and Chennai will start with effect from July 23, 2015. Flight 9W 481 will depart from Mumbai at 1310 hrs and arrive in […]
A photo of IPS officer Rishiraj Singh sitting while all his colleagues stand up and salute Kerala Home Minister Ramesh Chennithala has gone viral on social media with many Malayalis supporting the defiant act of the IPS officer from Rajasthan. The Kerala government, led by the Congress Party, has been grappling with the question of […]
Archos, which may be a familiar name to enthusiasts of hand-held gaming devices and mini-computers and tablets, is looking at entering the Indian smartphone market, a distributor said. The France-based company started making smartphones in 2013 and has largely focused on Android devices. It plays in the low-end to mid-range market, and is learnt to […]
Honda Motorcycle & Scooter India Pvt. – the fastest growing major motorcycle brand in India unveiled its latest entry-level offering — the new 110cc LIVO. The Honda LIVO comes in 4 colors – Athletic Blue Metallic, Pearl Amazing White, Sunset Brown Metallic & Black; and is available for sale in two variants Self-Drum-Alloy and Self-Disc-Alloy. […]
Tata Motors has bagged an order to supply around 1200 nos. of its high-mobility 6X6 multi-axle trucks, from the Indian Army – the single largest order awarded to an Indian private OEM (Original Equipment Manufacturers) in land systems under the DPP by the Indian army. The order for 6X6 vehicles is for ‘Material Handling Cranes’ […]
