V-Mart, India’s largest chain of smaller-sized fashion stores, said it has started purchasing fresh stock from its suppliers after nearly six months of freeze on garment procurement. The company was hit hard when a nationwide lockdown was imposed by the central government in late March to control the spread of COVID-19, particularly as it had […]
Taiwan-based contract manufacturer Wistron Infocomm has started carrying out a significant expansion of its existing facility in Kolar near Bangalore as Apple Inc continues to source more assembled-in-India iPhones. The information was revealed in a regulatory filing related to an order win by air conditioning equipment provider Blue Star today. “Wistron is a Taiwan based […]
Suzuki Motor Gujarat Pvt Ltd, the India-based auto-manufacturing arm of Japan’s Suzuki Motor Corp, has completed the construction of its third and final assembling unit to achieve its full production capacity of 750,000 vehicles per year, sister concern Maruti Suzuki said today. Unlike Maruti Suzuki, Suzuki Motor Gujarat Pvt Ltd is 100% owned by the […]
Titan Company, India’s largest jewelry retailer and a part of the Tata Group, said second quarter revenue from its mainstay jewelry division was almost at the same level as what was seen in the same quarter last year, while its eyewear and watches division continued to suffer from the impact of the pandemic. The jewelry […]
Cochin Shipyard Limited, India’s largest shipbuilder, has signed a partnership agreement with Fincantieri, one of the world’s largest shipbuilders. Besides ship-building, the two will co-operate in the areas of ship design, repair, marine equipment manufacturing and training & skill development, the Kochi-based company said today. Italy-based Fincantieri has over 230 years of history and more […]
SpiceJet said it has started offering a doorstep, pre-travel COVID-19 testing service to its passengers. A healthcare worker will visit the passenger at his or her home and collect the sample well in advance of the flight. The test result will be ready in time for the flight, and can be used for the same. […]
Low cost carrier SpiceJet has announced 62 new domestic and international flights, including two new flights to Muscat in Oman. The other flights cover almost all regions of the country and involve nearly all the major airports in India (see chart at the bottom). Out of the 62, four are international and 58 are domestic […]
Mumbai-based pharmaceuticals manufacturer Vaishali Pharma said it has entered the US market by launching its orthopaedic belts and similar products. The company is among the smaller sized pharmaceutical manufacturers in India, with annual sales in the range of around Rs 40 cr. Established in 1989, it manufactures and supplies bulk drugs, pharmaceutical ingredients, formulations, surgical […]
GTPL Hathway, a cable and broadband network provider focused on Western and Central India, said it has already crossed its full-year target for new broadband connections within the first six months of the year, and has therefore doubled its target for FY21. At the beginning of this financial year, the company had guided towards adding […]
Automaker Mahindra & Mahindra said it has crossed 15,000 bookings for the 2020 version of its Thar SUV in the first 17 days days of sales and that the company is planning to expand the production capacity for the model. The company had, two weeks ago, announced that it had crossed the 9000 mark within […]
Samsung has announced discounts of around 20-40% on its storage devices, including SSDs, NVMe drives, Micro SD cards and pen drives. The discounts are offered as part of Flipkart Big Billion Days and Amazon Great Indian Festival, which start tomorrow. External SSDs On the external storage drive front, it is offering discounts on both its […]
Government of India today said it will give around Rs 7,575 cr to employees of the central government and public sector units to spend on buying durables and other goods from the market, in lieu of their travel reimbursements. Central government employees were in line to get around Rs 5,675 and public sector employees another […]
Dr Lal PathLabs, one of India’s top diagnostic chains, today clarified that the leak of patient data reported in the media involved only 1 in 200 patient records held by the company and did not involve any “material information loss”. “There was a misconfiguration in one of our minor web application where temporary records were […]
Thyrocare, one of India’s leading diagnostic services providers, said its revenue has jumped substantially in the July-September quarter owing to strong demand for COVID-19 testing. A day after competitor Metropolis Healthcare reported a 25% year-on-year jump for the three months, Thyrocare reported a growth of 37% in its revenue. Sequentially, Metropolis’ September quarter revenue nearly […]
Home-grown automaker Mahindra & Mahindra has notched up 9,000 bookings in the first four days of launching the 2020 Thar SUV, marking a strong start for a crucial model for the company. It said this was achieved despite test drive and demo vehicles being present only in 18 cities. The Mumbai-based company said buyers have […]
Maruti Suzuki India reported a whopping 31% jump in its September auto sales, while Mahindra & Mahindra reported a more modest increase of around 5% in its passenger vehicles. The commercial vehicles division continued to struggle with low demand. M&M Unlike Maruti Suzuki, which benefited from higher sales of its smaller cars, Mahindra & Mahindra’s […]
Godrej Properties, arguably the healthiest and fastest growing of the major Indian real estate companies, today said it has agree to purchase a 20 acre project in Kalyan near Mumbai for a residential project. “This project will offer approximately 139,000 square meters (1.5 million square feet) of saleable area comprising primarily of residential apartments of […]
In a move that has the potential to radically alter the way cars are purchased in India, Maruti Suzuki today unveiled a new ‘subscription’ model of car sales that starts at just Rs 14,463 per month, including all maintenance, taxes, registration charges and insurance. For Rs 14,463, Maruti Suzuki will offer the customer a brand […]
Lakhs of COVID-19 frontline staff may have been caught on Delhi Police’s traffic violator’s database during the nationwide lock-down from late March to May. According to the Union Home Ministry, Delhi Traffic Police issued around 14.5 lakh (1.45 million) electronic traffic tickets between March 25 to May 31 via its system of automatic road cameras […]
Government of India and the Reserve Bank of India seem to be bringing down the number of 2,000 rupee notes in circulation, even though no decision has been taken to phase them out. 2,000-rupee notes were introduced soon after the demonetization of 1,000-rupee notes in late 2016. Their introduction came for heavy criticism and was […]
