Bharti Airtel has introduced a competitor to Youtube, which accounts for more than half of India’s mobile internet consumption, with the launch of Wynk Tube — a Youtube like app that will focus more on music and music videos. Unlike Youtube, which does not let its free users switch to an audio only mode, Wynk […]
The Supreme Court has appointed former judge Justice A K Patnaik to conduct a detailed inquiry into the allegation that external forces hatched a conspiracy to remove Chief Justice Ranjan Gogoi from benches seized of high-profile cases. Justice Patnaik will have the full use of three investigating agencies, including the Central Bureau of Investigation, Delhi […]
Utsav Singh Bains, the young lawyer representing many of the victims in the Asaram Bapu case, said the current sexual harassment allegations against Chief Justice Ranjan Gogoi are the results of a ‘big conspiracy’ by a lobby of frustrated judges, lawyers and ‘fixers’. The lawyer, who is fighting the Asaram Bapu case without taking money […]
TV18, the country’s largest news- and reality-based programming company, said the introduction of a new tariff order by the Telecom Regulatory Authority of India impacted both its advertising revenue as well as subscription income. TRAI introduced a new, demand-based subscription model for television channels from Feb 1, while a ruling by the Madras High Court […]
An analysis of Tweets associated the visit of Narendra Modi to Tamil Nadu last month showed unprecedented levels of attempted manipulation of Twitter by pro-Narendra Modi and anti-Narendra Modi forces, a Washington-based ‘fake news’ research lab found. Atlantic Council’s Digital Forensic Research Lab (DFRLab) identified two manipulated hashtags during Modi’s visit to Tamil Nadu in […]
Vodafone’s cellular network in Mumbai was down for several hours today in many parts of the city, according to reports from affected customers. “It looks like the problem has affected people between Ghatkopar to Thane,” said a Vodafone customer from Ghatkopar. “At least, that’s what I can tell from reports on the WhatsApp groups I […]
Reliance Industries said it has agreed to acquire 87% of Mumbai-based artificial intelligence company Haptik Infotech for Rs 700 cr, including an initial payment of Rs 230 cr. Reliance Industries said the technology will be used to bring artificial intelligence-based offerings on Reliance Jio, the telecom and digital arm of the group. “This strategic investment […]
Consumers of Vodafone 4G, one of the two 4G networks operated by Vodafone Idea, have seen a multi-fold increase its speed in recent days, thanks to the deployment of fresh spectrum won by Idea Cellular in 2016. In recent days, Vodafone and Idea users in the state have started getting access to ultra-fast 4G on […]
A report by Business Standard has claimed that the Congress Party has scrapped its scheme of offering a minimum income guarantee of Rs 12,000 per month to all households in India, replacing it with a simpler, flat-subsidy scheme. In a press conference, the Congress Party has confirmed the changes, and reiterated that the scheme will […]
Responding to widespread confusion, the Congress Party offered further details about Rahul Gandhi’s new Rs 12,000 minimum income guarantee scheme. UPDATE: The Congress on Tuesday changed the scheme announced on Monday, and removed any reference to Rs 12,000. It clarified that the scheme will only apply to the bottom 20%, and their income levels will […]
Rahul Gandhi has caused a flutter in political circles by announcing today that his government will offer Rs 12,000 per month, or about Rs 500 per working day, to any family that does not earn any income from any other source. UPDATE: The Congress Party has clarified that the guarantee of Rs 12,000 per household […]
Reliance Industries, the flagship company of the Mukesh Ambani led Reliance Group, said it has set up a subsidiary for the purpose of carrying out operations in the real estate space. The group, which has hitherto focused on areas like petrochemicals, energy, retail and technology, does not have a sizable real estate-focused business as of […]
Bajaj Auto, one of India’s biggest motorcycle makers, could potentially exit KTM, the premium bike brand from Austria. According to a statement by KTM Industries AG, the parent company of KTM, Bajaj is in talks to sell its minority stake in KTM back to the European parent. Bajaj had stepped in as a white knight […]
Tata Communications has tied up with China Telecom to allow the latter to launch IoT services across the world using the Indian provider’s network. Tata Communications, formerly known as VSNL, is one of the world’s largest Tier I network, which has touchpoints with nearly all other networks in the world. The tie-up will allow China […]
Azim Premji, chairman of Wipro, has allocated shares worth about Rs 52,750 cr to an endowment under the Azim Premji Foundation. This means that the economic benefits of the shares — such as the money that can be obtained by selling or pledging them — can only be used for the activities of the foundation. […]
The government of India today approved three new lines for the Delhi Metro at a cost of Rs 25,000 cr. The so-called phase 4 metro expansion will see three lines — from Aerocity to Tuqlaqabad, from RK Ashram to Janakpuri and from Mukandpur to Mauzpur. In all, the three lines will add a total of […]
Anil Ambani Group’s construction arm Reliance Infrastructure said it has got the letter of award for a Rs 648 crore contract to build a new greenfield Airport at Hirasar in Rajkot district of Gujarat. The airport is to be completed within 30 months. The new airport is being constructed at a location near National Highway […]
CARE Ratings has cut the rating on Rs 11,400 cr of bank and debenture financing availed by Tata Motors due to poor financial performance and high product development costs at the company’s UK subsidiary. It cut the rating on Tata Motors’ long-term bank facilities and non-convertible debentures to AA from AA+. CARE said the cut […]
Bajaj Auto, the country’s biggest two-wheeler exporter, reported a jump of 16% in its February exports, and an increase of 6% in domestic sales. Overall, the company’s total sales for the month were up 10%. Bajaj Auto sold 1.87 lakh motorcycles in India during February, and exported 1.41 lakh. The performance is well below what […]
Escorts, one of India’s biggest tractor makers, reported a 12% jump in its unit sales in February. The company sold 7,240 tractors in February this year, versus 6,462 last year, including exports. Exports nearly doubled to 322 this year from 167 last year. Sales of tractors within India increased by 10% to 6,295, which is […]
