Majesco, an insurance software provider, and IT services giant IBM tied up to offer a cloud based platform to their insurance clients to speed up customer service with the help of data analytics. The five-year partnership will allow insurance companies to develop and launch new products and services via the IBM cloud, the company said. […]
Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest […]
Two-wheeler manufacturer TVS Motor Company said its sales grew by 26% during the month of September. Total sales increased to 2.93 lakh compared with 2.32 lakh for the same month the previous year. Total two-wheeler sales increased by 30.1% to 2.87 lakhs from 2.21 lakh whereas domestic two wheeler sales grew by 33.6 % to 2.54 lakh from […]
Venture Factory, a Bangalore based venture builder platform, said it has introduced a entrepreneurial program which is aimed at middle and senior management level executives who will work under the company’s payroll to setup their entrepreneurial venture. The program, christened Entrepreneur-in-Residence program, has started inviting applications from middle and senior management level executives with strong domain […]
Gayatri projects, a highway infrastructure company, said it has won a Rs 926 crore four-laning project of NH 82 in Bihar to be funded by Japan International Coorporation Agency. The project will cover the Gaya-Hisua-Rajgir-Nalanda-Biharsharif route of NH 82 in Bihar, said the company. It has received projects for Rs 12,000 crores in the past […]
Infibeam Incorporation Limited, a Indian ecommerce company, said it entered into licensing agreement and joint venture with Dubai-UAE based KSK capital for offering “e-commerce solutions to merchants and consumers” in about 40 countries in Middle East & Africa. It was not clear whether Infibeam would provide the back-end software and platform for the project or […]
Larsen & Toubro, a leading Indian infrastructure company, said it has won projects worth Rs 6,024 crores across various business segments, including some in the Middle East. Out of theRs 6,024 crores, Rs 2,501 crores worth of projects were from the Middle East. The period over which these contracts were acquired was not disclosed. The power […]
The Ministry of Finance said sports infrastructure will be included under the harmonized master list of infrastructure subsectors, easing the flow of investments and incentives to the sector. The decision was taken after a series of meetings and discussions with different agencies including RBI. This inclusion would bolster investment in sports infrastructure sector which will […]
New Zealand got of to a good start after the reduced India to 57-3 at the end of first session of the second Paytm test match at the Eden Gardens, Kolkata. Choosing to bat first, India lost Shikhar Dhawan early after he chopped a Matt Henry ball on to the stumps to be dismissed for […]
Government of India invested Rs 508 cr into Corporation Bank, raising its stake from 67.2% to 70.76%. The investment came in the form of fresh purchase of equity at a price of Rs 40.78 per share. The shares are currently trading at Rs 44.70. They rose by 3% today on the NSE. Corporation Bank is a public […]
Film distributor Eros International Media said it has partnered with UAE’s film distribution and exhibition network Phars Film to jointly co-produce Malayalam films along with exploration of theatrical rights between the two entities. The deal licenses Eros to distribute all jointly produce Malayalam movies in India while Phars Films would present the same overseas where it enjoys a dominant market […]
Indian government approved the acquisition of stakes in two Russian oil fields for US $3.2 billion. A consortium of Oil India Limited, Indian Oil Corporation Limited and Bharat Petro Resources Limited (BPRL) will acquire 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from Rosneft Oil Company, the National Oil Company […]
Arrow Greentech, a Mumbai based packaging solution provider, said it has received a patent from United States Patent and Trademark Office for self-destructive packaging film which is also water soluble. The water-soluble packaging film will also be embedded with various security elements which will get destroyed irreversibly upon final usage. The whole package along with […]
Ola, one of India’s largest cab aggregators, said it has integrated Siri andApple Maps to its mobile app for iOS 10. The company also launched an app for Apple Watch users. Using just their voice iPhone and iPad users running iOS 10 can simply say, “Hey Siri, get me an Olacab” to book their next ride, […]
HTC Corporation said it has renewed its association for the third consecutive year as principal sponsor of John Abraham’s football franchise North East United at the forthcoming Hero Indian Super League 2016. As the principal sponsor, HTC will occupy the front chest position on the NEU-FC Jersey. The team that represents the 8 states of […]
ICICI Bank said it has tied up with Hindustan Petroleum Corporation Ltd and Aditya Birla Fashion and Retail Limited to offer UPI based payments their retail outlets. The bank also said it has become the first in India to have 1 lakh registered virtual payment addresses under the platform. UPI, or unified payment interface, is […]
Government of India has signed a 15-year contract with the International Seabed Authority (ISA) for the exploration of Poly-Metallic Sulphides deposits, which constitutes of gold, platinum, iron, copper, zinc and silver, in the Indian Ocean, said the Ministry of Earth Sciences. By signing the 15-year contract India’s exclusive rights for exploration of Poly-Metallic Sulphide deposits […]
TVS Motor Company, one of India’s leading two-wheeler manufacturer, said it has rolled out a free ‘24/7 Road Side Assistance Program (RSA)’ for its two wheeler customers across 70 cities in the country. The service will be free of charge for all in-warranty vehicles, and will be extended to 200 cities by next month. The […]
Zebronics, a Chennai based electronics manufacturer, launched ZEB Cast 100 — similar to Google’s Chromecast device which helps in casting the screen of your phone or device onto a TV or monitor. The device has been priced at just Rs 1,699, compared with Rs 3,399 for Google Chromecast. “ZEB CAST 100 is compact easily fits […]
Clocking a compounded annual growth rate (CAGR) of about 16 per cent, the packaged food market in India is expected to have crossed $51.5 million (mn) mark in 2015 as against $25 million in 2010, noted a recent ASSOCHAM-TechSci Research joint study. “In wake of the increasing disposable incomes and growing number of nuclear families, […]
