In the world of online shopping India, quick delivery options and one-day delivery schemes are not always what they seem. Most of the schemes are of no practical benefit to average users, and are launched only to generate hype, even if one is looking only at the bigger cities and not the towns and villages. […]
The Indian Stock Markets regulator has proposed regulating the raising of funds through crowdfunding platforms in India. Crowdfunding refers to the use of websites like Kickstarter.com by small companies and individuals to raise donations, debt or equity from a large number of users, usually in the tens of thousands or even millions. The Securities and […]
SpiceJet today announced the launch of several new flights on its four existing routes with effect from June 15, 2014. The airline is adding capacity on Bangalore-Mangalore, Chennai-Madurai, Bangalore-Hyderabad and Delhi-Lucknow sectors. All these new flights will be served with 189-seater Boeing 737 aircrafts. SpiceJet is introducing a daily new flight on Bangalore-Mangalore route. The […]
ACME Solar said it has emerged as the developer for 30 MW solar PV power projects at the bid-opening event at Raipur under RFP floated by Chhattisgarh State Power Distribution Company Limited (CSPDCL) on April 01, 2014. The selected developer would sign 25 year long PPA with the agency on the uniform tariff submitted in […]
Ford India more than doubled its sales in May, selling 12,288 vehicles in combined domestic wholesales and exports, compared with 5,993 units sold in the corresponding period last year. The increase was largely the result of strong exports. The company exported 6,235 vehicles, against 1,991 units in the corresponding period last year. Domestic sales […]
Yamaha Motor India reported much better numbers for May than Bajaj Auto. Yamaha said May auto sales were 40% higher in India compared to a year ago. The company sold 47,680 units in May 2014 against 34,021 units sold in May last year in the domestic market. In the export markets, the company sold 19,440 […]
Honda Cars India Ltd reported a strong showing of 13,362 cars sold in India in May, up 18% compared to the previous year. Including exports, Honda India sold 13,880 cars in May, compared to just 11,342 in April. The May numbers were slightly better for Amaze, which has seen its numbers fall sharply after the […]
Honda Cars India will launch its upcoming, mid-sized Innova-rival, Mobilio, next month, the company said in a statement. In addition, Honda will also launch a new version of its big-size hatchback, the Jazz, in the coming months. The Mobilio will be a seven seater and is expected to give the Toyota Innova a run for […]
Maruti Suzuki, India’s largest car maker, reported a 19.2% increase in May auto sales, boosted by strong exports and a pickup in the sales of mid-range compact cars such as Swift and Ritz. Total sales in May was 1,00,925 units, out of which exports accounted for 10,365. Exports for May were up 51.2%. Domestic sales […]
Even as Toyota India reported a better than expected number for car sales, Mahindra & Mahindra reported a 19% decline in sales for passenger vehicle sales in May. Total May auto sales for Mahindra & Mahindra was down 13% at 37,869. The company, which makes the XUV 5oo — one of the most advanced passenger […]
Bajaj Auto Ltd reported a 4% jump in May 2014 auto sales compared to May 2013 due to a rise in the commercial vehicle sales. The company which gets about 11% of its volumes from commercial vehicles such as auto-rickshaws, had been having a tough time in the division. In May, the commercial vehicle division […]
After a bruising stand-off with workers, Toyota Kirloskar Motor bounced back in May, posting a 6% increase in vehicle sales compared to the same month a year ago. The jump was helped by the launch of its Etios Cross SUV and the new Corolla Altis. It may be noted that the Cross enters a segment […]
Among the sectors crying out for reform under the new Narendra Modi government is agriculture and food production. Crisil, arguably India’s biggest credit rating and economy research house, has called for the new government to abolish the Agricultural Produce Market Committee Act or APMC to curb high food price inflation. The APMC Act prohibits farmers […]
Indian Oil Corporation Ltd. has decided to increase the retail selling price of Diesel by Rs.0.50/litre (excluding state levies) with effect from midnight of 31st May/1st Jun’14. In effect, it implies a rise of 65 to 75 paise per liter. “The above increase is pursuant to GOI order dated 17th Jan’13, whereby OMCs have been […]
Air India signed a code-share agreement with Hong Kong Airlines Under the code-share agreement, HKA will place its code on direct flights operated by Air India between Hong Kong and three cities including Delhi (DEL), Osaka (KIX) and Seoul (ICN) respectively. HKA passengers will have better access to an expanded network of destinations on Air […]
Reliance Industries said it will spend Rs 4,000 crore to acquire control of Network 18 Media & Investments Ltd, the owner of the CNN IBN channel and sister concerns like CNBC TV18, IBN 7, Firstpost.com etc. The Mukesh Ambani firm will make open offer to acquire shares held by minority shareholders in Network18. The acquisition […]
Air Asia will offer prices as low as 3,999 for some of its international flights when it starts flying from India on June 12, according to its website. According to the website, flights will start from South Indian cities such as Bangalore, Chennai, Kochi and Trichy. The lowest fares are for flights to Kuala Lumpur […]
Spicejet and holiday website TripFactory.com launched a combined website for booking holidays using SpiceJet’s flights and Tripfactory’s holiday packages. Called mySpiceTrip.com, the site will offer 100,000 holiday packages at up to 80% discount, SpiceJet said. The website will involve proposals and programs from real travel agents. “This is a unique product because the information, expertise, […]
B Sai Kumar, group CEO of Network18 has quit the group, the company said. Network18 owns and operates CNBC-TV18, CNN IBN and other properties such as Firstpost.com. The company did not give the reason for the resignation. Company founder Raghav Behl, however, said Sai Kumar was leaving as it was time for him to “heed […]
DBS Bank said it did not expect any immediate relaxation in interest rates by the Reserve Bank of India. “RBI reiterated that inflation control was a priority and the bank will also attempt to balance growth-inflation objectives. We look for the Repo to be left unchanged next week,” it said. Over the next few months, […]
