English Vinglish, the story of a meek Indian housewife who finds herself at sea in the US, seems to have hit a chord with audiences in Japan. The Sridevi starrer, continued to rake in the moolah in the Asian nation, with $1 million (Rs 6 crore) and still counting. It has become the second highest […]
August auto sales numbers reveal that Toyota Innova, arguably the most successful and longest reigning people mover in India, may have finally met its match in the just launched Honda Mobilio. Powered by the scorching sales of Mobilio, Honda Cars India said its August sales nearly doubled to 16,758 cars in India. This was achieved […]
TVS Motor Company said August sales rose 46% compared to August last year. The growth is faster than what was seen in July, when sales had risen 32% year on year. Total sales during August 2014 was 227,482 units. In July, TVS Motor had sold 203,092 units a year ago. The numbers indicate a pick […]
In an unusually strong statement, India’s state airline Air India, which has been trying to make a comeback after mounting losses, accused a section of the media of spreading negative and baseless news against it to prevent its re-emergence. During Air India’s times of trouble, the Indian domestic aviation market has been captured by private […]
India’s largest carmaker Maruti Suzuki India Ltd has said it won’t have to pay the Rs 4.7 bln fine imposed on it by the Competition Commission of India due to a Delhi High Court order. The competition commission had, in an order on Monday, found car manufactures to be indulging in anti competitive conduct and […]
While Tuesday’s DIPP Press Note on Defence FDI is a welcome move, there is no need for the government to impose needlessly stringent conditions on foreign companies who want to make their weapons on Indian soil, KPMG said. The Indian government does not allow foreign companies to make the weapons that they sell to India […]
One of Tamil Nadu chief minister J Jayalalitha’s pet projects, Arasu Cable TV Corp is unlikely to get a cable operator license under the new government also, going by a statement from the ministry. The process of cable TV digitization has been stuck in Tamil Nadu as the largest player by far, Arasu Cable, has […]
Indian and U.S. workers get less paid vacation time than any of the countries surveyed – 18 days, compared to the global average of 25 days, a survey by Tripadvisor.com has found. Both Indian and U.S. respondents on average would like an additional four days of vacation, considering 22 days of paid vacation to be […]
Faced with a hard -sell situation, corporates are gearing up to spend about 25-30% more on advertising this festive season as compared to the last year in consumer durables, electronics & auto taking the lead, according to an ASSOCHAM recent paper. The feedback from corporates suggest that the marketing teams of the companies engaged in […]
Recent draft guidelines on small and payment banks have enthused about 100 entities including microfinance institutions, telecom players, non-banking finance companies (NBFCs) and public sector companies to apply for such banking licence once RBI invites applications for the same, reveals the ASSOCHAM latest study. These interested firms are awaiting final guidelines which will provide more […]
In a rare instance of a public-sector company coming up with a crucial innovation, Bharat Heavy Electricals Limited (BHEL), has designed a new boiler for coal-powered power plants that can help them deal with fluctuations in imported and Indian coal. Indian coal, though much cheaper, is of poor carbon content and cannot be used in […]
SpiceJet said it will start a new flight, Kolkata to Bangkok, starting Sep 25, and will price it as just Rs 2,999 in the initial period. SpiceJet used to have flights to Bangkok from Bengaluru and Pune. SpiceJet will be operating to Bangkok’s state-of-the-art Suvarnabhoomi airport from Kolkata. The price of the ticket in Thai […]
The Indian government will open 54 Kendriya Vidyalayas or Central Schools in the current academic year, with the largest number in Andhra Pradesh, Orissa and Uttar Pradesh. The schools, to be opened by Kendriya Vidyalaya Sangathan, are expected to cost Rs 927 crore. Kendriya Vidyalaya or Central Schools are run by the central government and […]
More than 65 per cent of business school graduates preferred to work government companies compared to private companies, a survey of over 500 students from various B-schools, including IIMs, BITS, ICFAI Business School and Symbiosis Institute of International Business (Pune) found. The ASSOCHAM survey conducted between June and July 2014; found that, the graduates are […]
The Catholic Church has written to Sonia Gandhi alleging that certain communities have “hijacked” the education sector in Kerala in what is seen as a direct attack on the Muslim League, a Congress partner that is in charge of the education department. The education sector in Kerala has traditionally been dominated by Christians, who run […]
You are unlikely to read about the Telecom Regulatory Authority of India’s latest recommendations on Media ownership in tomorrow’s newspaper, or hear about it on tonight’s prime time TV. That is because it is perhaps the biggest ‘expose’ of the not-so-wholesome, behind-the-scenes activities in Indian media ever, except perhaps the famous Radia tapes issue. In […]
In an attempt to regain lost market share, Jet Airways announced a new branding plan which includes the rebranding of its JetKonnect planes under the main brand. JetKonnect and Jetlite are brands that came into existence when Jet Airways acquired Sahara Airlines. This class of service is supposed to be a value for money brand […]
Vyome Biosciences, a pioneering firm trying to develop its own in-house treatments through research in India, said it had raised $8 million in a fund round led by Sabre Partners, with existing Series A investors Kalaari Capital and Aarin Capital also co-investing. The company focuses on developing treatments for skin conditions such as persistent dandruff […]
Indian telecom industry grew by 10.8% last financial year, with equipments segment growing faster than services, according to Voice & Data Annual India Telecom industry Survey 2014. The top three telecom service providers in the country – Airtel, Vodafone and Idea account for more than 50% of the services revenues for FY 2013-14. “Launch of […]
Retail inflation print is likely to come higher than June due to high fruit and vegetable prices, and the government should act to resolve supply constraints, DBS Bank said in a report. Consumer inflation and IIP numbers are out tomorrow, while wholesale inflation numbers are expected on Thursday. “Headline CPI inflation in July is seen […]
