Bank of America Merrill Lynch, a financial conglomerate, has said that it saw banks cutting interest rates in the upcoming slack season starting September. It said, with the RBI keeping its rates on hold as part of its monetary policy review yesterday, chances of a ‘long hold’ of Reserve Bank’s interest rates are now high. […]
A day after B Saikumar resigned from his position as CEO of Network18, his second in command, Raman Deep Singh Bawa, has also put in his papers. The reason for his resignation was not clear. Network18 has recently found its business news division underperforming, while its general news division has been doing well. The company […]
BMW India has arranged for a live telecast of the launch of the BMW X5, one of the first luxury SUVs to move from body on frame design to unibody design. Sachin Tendulkar, the cricketer, will unveil the model at Pune. The German carmaker has already launched the 3 GT and M6 models in India […]
Flipkart, India’s largest e-commerce platform, said it has raised $210 million (Rs 1,250 crore) from a consortium of investors led by DST Global – one of the leading global investment groups focused on Internet. Existing investors Tiger Global, Naspers, and Iconiq Capital also participated in the financing round, it said. The fund raising comes days […]
SpiceJet said over 10,000 passengers have used its Family & Friends discount offer launched last week. Under the offer four or more passengers (up to a max of 9) can travel together and get a discount up to 25% on the base fare. The sale is applicable only on domestic flights. “We have launched this […]
Exit Poll Results for the 2014 General Elections seem to be pointing to a clear lead for the BJP-led NDA, with most predicting around 270 seats for the opposition front in the elections. The Congress Party led UPA is seen winning about 105 seats. It may be noted that 272 is the mid-point for the […]
The Tata Group will have to shell out at least $1.2 bln (7,250 crore) to NTT DoCoMo before June end if they are not able to find a buyer for its stake in Tata DoCoMo, the telecom company. Tata Group has been trying to get a buyer, but has so far met with little success. […]
Hathway Cable will launch its 50 Mbps broadband service in Hyderabad in May, followed by Delhi and Kolkata later this year. According to an agency report, the cable service provider has already launched its 50 Mbps plans in Pune, Bangalore and Mumbai. Hathway will charge about Rs 750 for 25 GB of usage at 50 […]
Google and Network18 will host Arvind Kejriwal on their Google Plus Hangout program at 3 pm today, in an event that has been linked by Google from their India search home page. The event is part of a series of ‘Hangouts’ hosted by the two partners in the lead up to India’s general elections […]
Etihad Airways, the national airline of the United Arab Emirates (UAE), announced a new sponsorship deal along with Jet Airways naming both airlines as principal sponsors and official airlines of the Mumbai Indians cricket team. This is the Abu Dhabi-based airline’s first high profile sports sponsorship in the region. Crowned as champions of the 2013 […]
India has fallen behind China in Internet usage in the last few years as the Chinese government invested aggressively in promoting Internet in the country, while India did not, a report by a prominent international brokerage said. It said India, at the end of last year, was where China was in the year 2007. “The […]
March continued to be dominated by Honda, with Hero, Yamaha and TVS trying to play catch up. Sales growth in the scooter segment was 53%, while motorcycle growth was 57%. Market share increased to 28% while market share in domestic and exports combined was 26%. It saw the highest monthly and yearly sales in March […]
Croma, the electronics chain, will open its 101st store in Mumbai on Wednesday. The chain, owned by retail chain Infiniti Retail, is one of the pioneers of India’s modern retail revolution, and India’s biggest electronics retail chain. The store, to be located at Prabhadevi in central Mumbai, will be inaugurated by Ajit Joshi, MD & […]
Flipboard, often billed as the Google News of the mobile world, has won its first media client in India in the shape of Condé Nast, the global publisher that runs magazines such as Vogue and The New Yorker. Vogue India has become the first magazine from India to have a customized version made available on […]
The construction of the project of 33 km long underground metro line from Mumbai’s southern tip of Colaba to SEEPZ in Andheri is likely to start in January next year, Mumbai Metro Rail Corporation (MMRCL) said. The Mumbai Metro is currently doing test runs for its first segment from Versova on the western side to […]
Nobody who has been following recent management changes at Infosys Ltd should be surprised by the resignation of Senior Vice President Chandrasekhar Kakal. Kakal had seen his role drastically cut down just two months ago when Murthy announced a total alignment of Infosys’ management structure. From a executive council based structure, Infosys went to a […]
With many TV channels deciding to “go easy” on covering the events of Aam Aadmi Party, the fledgling political outfit has taken to the Internet to take its live transmission of Arvind Kejriwal’s speech to its followers. Arvind Kejriwal is addressing Aam Aadmi supporters at Bangalore’s Freedom Park. He is expected to say whether he […]
Aam Aadmi Party leader Arvind Kejriwal questioned the anti-corruption credentials of BJP’s prime ministerial candidate Narendra Modi, claiming that he found rampant corruption in Gujarat on his recent visit there. “I was shocked by the situation there. Not one job gets done there without bribes,” he said. Kejriwal said a lot of people are buying […]
Facebook wants to emerge as a platform for public content, and not just private or person-to-person content, but is not really offering a video platform for content providers like Youtube, Facebook’s vice president for media partnerships said. “We want to be a platform for sharing of public content,” Justin Osofsky said at India’s FICCI Frames […]
The Aam Aadmi Party has clarified its stand on the subject of caste-based reservations in government jobs, saying it is in favor of abolishing reservations after social equality has been achieved. Kejriwal said the Aam Aadmi Party was not in favor of discontinuing reservations in the current circumstance as caste-based discrimination, untouchability and injustice are […]
