It looks like the fight for India’s top mid-range sedan is not over yet, with Maruti Suzuki Ciaz back with a bang in the reckoning, according to January numbers. The company sold a total of around 6,000 Ciaz in January, close to the record hit in the first month of 6,345 units sold in October. […]
SpiceJet said booking volumes quadrupled on the first day of its latest Super sale offer, its first such sale in 2015. This indicates “continuing pent up demand in the market despite other airlines having held sales earlier this month,” the airline said. SpiceJet on Wednesday launched its first Super Sale Offer for 2015, with 5,00,000 […]
Tata Motors today announced the commercial launch of its much-awaited sporty hatchback, the all-new Bolt. Manufactured at the Pimpri plant in Pune, Bolt is expected to give a major boost to the company’s prospects in the passenger car business. Tata has been suffering due to lack of new models in the car segment, especially in […]
FITE, which was formed by disgruntled IT workers to prevent large-scale layoffs in the sector, hailed the withdrawal of the termination letter to a female employee that has been challenged in a labor court in Chennai. The ‘Forum for IT Employees’, a semi-formal organisation that uses social media extensively for propagating its stands and attracting […]
Just in case you are one of those people who believe that the Indian real estate market still has upside, Indiabulls Asset Management has launched its maiden real estate fund. The Rs 500-cr fund will invest in residential projects in top 5 cities in India. “We plan to scale up our AIF / Co-investment presence […]
The recent cut of a quarter of a percentage point in key interest rates by the Reserve Bank of India will not have any immediate impact in rates charged by banks on loans, DBS Bank said in a note. It also said the RBI is likely to go for another 50bp reduction in interest rates […]
India’s working population relies heavily on cash deposits and second domestic property to generate post-retirement income, according to HSBC’s latest report – The Future of Retirement A balancing act. The report also shows, working people in India believe that buying a house and paying for children’s education were the top two factors, which have significantly […]
Members of the Malayalam rationalist group Freethinkers were pleasantly surprised today as world renowned physicist and campaigner for spreading scientific education, Lawrence M Krauss, lent his voice to those opposing the shut down of their group. The Freethinkers Facebook group has been shut down several times by Facebook, reportedly because religious people were offended by […]
FITE said it would hold a protest in Delhi today at 1 pm against what it called unjust termination of staff by TCS. TCS had, in its earnings press conference yesterday, asserted that the company had a policy of ‘involuntary attrition’ of those who failed to keep up with performance requirements. It also said only […]
The Tata Motors Group global wholesales in December 2014, including Jaguar Land Rover, were at 85,742 nos., a growth of 8%, over December 2013. Cumulative wholesales for this fiscal were at 713,530 nos, lower by 5%, over last fiscal, the company said. Global wholesales for Jaguar Land Rover for the month were 42,962 vehicles, a […]
The Reserve Bank of India is very likely to start cutting India’s key interest rates early next month, CARE Ratings said after India’s December consumer inflation number came in at a manageable 5%. It was widely expected that the recent fall in consumer inflation could undergo some reversals in December and January, and the falling […]
Facing increasing heat from the Honda Mobilio, Toyota Kirloskar Motor today announced the launch of the new Innova and the Fortuner 4X4 Automatic. Innova is without doubt India’s most popular ‘people mover’ and has dominated the Indian roads since its launch in 2005. However, the seven-seater is also considered extremely expensive, being priced about Rs […]
Despite the bankruptcy-like situation faced by SpiceJet, air ticket rates in India will not rise significantly in the next two years, rating agency CRISIL said. SpiceJet, one of India’s biggest airlines, has seen its fleet size reduced from 58 aircrafts to 37 this year as it grapples with high debt and low profitability. The airline’s […]
The mortality rates of Swine Flu or H1N1 infection in India has risen alarmingly to one-fourth of all infections this year, according to government data. The rate of death climbed to 24.5% of all patients in the first eleven months of this year, compared to 13.3% in the previous year and 8.0% in 2012. It […]
Indian roads are of poor quality and this affects the movement of goods trucks, the ministry of road transport and highways told the Parliament quoting a third-party study. “Indian roads are of poor quality, lacking maintenance and pedestrians and animals having uncontrolled access to roads, resulting in low average speed of vehicles, break-downs and accidents,” […]
Tata Motors announced the opening of online bookings for its much-awaited sporty hatchback, the all-new Boltfrom its passenger vehicle stable. After the success of Zest, Bolt is the second brand new vehicle in line under the company’s HorizonNext umbrella. Bolt – with its name signifying speed, represents an attitude of winning and staying ahead, according […]
China has started work on examining if it can modernize two railways stations in India – Baiyyappanahalli in Bangalore and Bhubaneswar in Orissa – under an agreement signed in September, the ministry of railways said. In September, China and India signed an agreement facilitating Chinese help in increasing the speed on India’s railway network, modernizing […]
A district forum in Karnataka faulted Bharti Airtel Ltd for failing to convert a corporate mobile connection into a personal connection despite the ex-employee producing a no-objection certificate from his ex-employer. The Tumkur forum also dismissed Bharti Airtel’s contention that it represented the ‘Telegraph Authority of India’ and it cannot be subjected to the proceedings […]
Goa, India’s top holiday destination, saw a record number of visitors in October. Total arrivals hit 4,76,861 in the month, up 13.5% from previous year, thanks to a recovering economy in India. Domestic tourist arrivals for the month of October has surpassed last year’s figure recording a 13.8 per cent increase. Similarly, 11 per cent […]
Honda City has emphatically taken back the crown of being India’s favorite sedan from Maruti Suzuki Ciaz, which had snatched it away in October. In November, Honda sold a total of 7,252 units of City, nearly 45% higher than the 5,200 units of Ciaz that Maruti Suzuki sold in the same month. Maruti Suzuki had […]
