More than 18,000 jobs have been lost in India’s aviation sector over a four month period due to the COVID-19 pandemic, civil aviation minister Hardeep Singh Puri said today. The biggest loss was among ground handling crews, with 8,466 people losing their jobs in this segment. The total number of ground handling crew, who are […]
Xioami, the Chinese smartphone maker that dominates the Indian market, will tomorrow start selling the POCO M2, India’s cheapest smartphone with a full HD+ display, as well as the country’s cheapest smartphone with 6 GB of RAM. The POCO M2, with 6 GB of RAM, a 6.5-inch FHD+ display and Mediatek Helio G80 processor, has […]
Vodafone Idea has slashed the price of uncapped data by 30% to Rs 3.5/GB from Rs 5/GB. The company is already the price leader in the daily data segment [capped data], where it offers 4 GB/day at as little as Rs 8 per day. However, these daily data plans have a key drawback: If your […]
The Uttar Pradesh government has capped the maximum price chargeable by private laboratories for testing for COVID-19 at Rs 1,600 with effect from tomorrow, Sep 11. Earlier, the maximum rate was Rs 2,500. The 900-rupee reduction has been made keeping in mind the higher availability of testing COVID-19 testing kits in the country and with […]
Over the past three years, smartphone displays in India and the world have undergone a major transformation: While two years ago, nearly all of them were based on the 16:9 aspect ratio, today the sweet spot has shifted to 20:9. This is the result of the race to remove the bezels to make the phone […]
Arvind Ltd, one of India’s biggest textile and garment manufactures, said its business revenue was down about 37% in August compared to the previous year due to the impact of the Coronavirus lockdown and it expects domestic market to remain subdued till early 2021. Revenue in August was at Rs 414 cr in August, compared […]
Jubilant FoodWorks, the company behind Domino’s Pizza and the franchisee for Dunkin’ Donuts in India, reported a growth of 10% in its delivery sales and 55% in its take-away sales for August compared to the same month of last year. However, dine-in sales were still down 84% compared to August 2019, resulting in a net […]
Maruti Suzuki and Escorts have reported strong auto sales numbers for August 2020. While Escorts report an all-time high for its monthly tractor sales, Maruti Suzuki reported a 21.3% year-on-year jump in passenger vehicle sales, possibly indicating a move by consumers away from public transport. The company sold 1.13 lakh passenger vehicles, up from 93,174 […]
Department store chain Shoppers Stop, the pioneer of organized retail in India and one of the country’s largest retailers of fashion and beauty products, will connect its individual stores to its Amazon shopfront by next month as part of its omni-channel strategy. It also said it would focus on Tier 2 and Tier 3 towns […]
One of the remarkable aspects of post-lockdown two-wheeler sales in India has been the surge seen in the numbers of Hero MotoCorp, India’s largest motorcycle maker. While sales trends were largely depressed for rivals Honda (down 37% in July), Bajaj Auto (down 23%), TVS (-16%) and Royal Enfield (-23%), Hero — despite its massive market […]
Prestige Estates Projects Ltd, which operates nine malls including The Forum Mall in Bangalore, said footfalls are down 75%-80% at malls due to the COVID-19 pandemic. Speaking to investors after detailing the company’s June quarter results last week, company officials also said they were seeing signs of stress among customers of residential properties, even though […]
A total of 58 lakh people are likely to have been already infected by Coronavirus by the first week of this month, nearly 41 times higher than the official figure of 1.4 lakh at the time, according to the latest COVID-19 sero-survey in the capital city. The estimate for Delhi is also twice as high […]
North India-focused fashion retailer V2 Retail Ltd reported an 82% fall in its sales for the Apr-Jun quarter, as the COVID-19 pandemic hurt consumer sentiments and frequent lock-downs disrupted store operations. Revenue from operations fell to Rs 37 cr from Rs 202.3 cr in the year-ago period and Rs 129.2 cr in the March quarter. […]
AM Naik, chairman of the country’s largest infrastructure development company Larsen & Toubro, today called upon the government to create the right ecosystem to channel the anti-China sentiment productively. “The strong anti-China sentiment within India and around the world is a possible game changer for domestic industry,” he said, delivering the chairman’s statement at the […]
DB Corp, the company that owns the Dainik Bhaskar daily and My FM radio network, said a sharp fall of 76% in its advertising revenues pushed it to a loss in the Apr-Jun period. DB Corp’s advertising revenue fell to Rs 107 cr from Rs 442 cr for the same quarter of last year. The […]
Continuing the theme of TV news companies defying the trend of the COVID-19 pandemic pushing media firms into losses, NDTV reported a profitable quarter for the Apr-Jun period and said it has reversed the pay-cuts installed for most of its employees. This follows rival TV Today also bucking the trend and reporting a profit of […]
TV Today Network Ltd, the company that operates India Today and Aaj Tak news channels, reported better than expected numbers for the Apr-Jun period, thanks to surprising resilience in its TV channel revenues.. India Today, which depends on advertising for nearly all its top line, saw revenue from its TV broadcasting business fall by about […]
With many Indian consumers looking for non-Chinese phones to buy, Indian mobile handset brand Lava has launched a new made-in-India Android smartphone priced at Rs 7,777. Interestingly, despite the ‘made in India’ branding, the Geekbench listing of the phone seems to suggest that it has built using a Chinese chipset made by Unisoc. Most phones […]
Ministry of Health and Family Welfare today ruled out achieving herd immunity — developed as a result of a large portion of the population getting infected — as a workable strategy for India in its fight against COVID-19. Rajesh Bhushan, officer on special duty at the ministry, said the government cannot have a strategy based […]
Coromandel International Limited, which makes the famous GROMOR brand of fertilizers, reported strong financial performance for the Apr-Jun quarter, indicating that farming activity in South India continued apace even during the COVID-19 lockdown. The company reported a whopping 51% jump in its revenue for the Apr-Jun quarter compared to the same three months of 2019. […]
