SpiceJet announced yet another batch of new flights, emerging as by far the most aggressive airline in the wake of the demise of Jet Airways. This time, it announced 19 new flights, taking the total to 65 new flights announced in the last one month alone. The new flights announced today all connect Mumbai with […]
Maruti Suzuki reported for April one of the worst set of auto sales numbers in recent quarters, with total sales falling by a whopping 17.2%. All passenger vehicle categories, except the Utility Vehicle segment that includes Ertiga, showed declines. Utility vehicles reported a year-on-year increase of 5.9% to 22,035 units. The segment also includes the […]
Cochin Shipyard Limited said it signed a contract for construction and supply of eight anti-submarine ships for the Indian Navy worth Rs 6,311 cr. The ships, also known as anti-submarine warfare shallow water crafts, will have a displacement (size) of about 750 tons, a speed of 25 knots and will be capable of full-scale, sub-surface […]
Godrej Properties, the Mumbai-based real estate arm of the eponymous diversified group, reported its highest ever quarterly sales, but the numbers also indicated that the company was realizing less upfront revenue per square feet booked. The company sold 3.72 million square feet of developments during the three months from January to March 2019, a jump […]
One of the key aspects of the new tariff order of the TRAI that came into effect from February 1 was the uniformity of pricing among channels. The distributor — a cable or DTH operator — had to charge the same network fee for any channel, irrespective of content or ownership. So, whether it was […]
Days after it announced its intention to add new aircraft to its fleet, SpiceJet said it would add 24 new flights over hte next 7-15 days. Of these, 16 will connect Mumbai, four will connect Delhi while the rest will connect the two metros with each other. The new flights from Mumbai are to Jaipur, […]
Sushil Modi, deputy chief minister of Bihar, said he has decided to file a defamation suite against Congress Party President Rahul Gandhi over a remark in which he alleged that all Modis are thieves. Speaking to the media, Sushil Modi said that Rahul Gandhi, at an election rally, said that all thieves have the Modi […]
Maruti Suzuki India has claimed top position for its premium sedan Ciaz for the year ended March, indicating that it beat long-time incumbent Honda City and new challenger Hyundai Verna. India’s largest carmaker claimed a market share of 30% for Ciaz in the “premium sedan” segment. The premium sedan segment excludes the likes of Honda […]
Content curator and record label Saregama has launched a portable version of its runaway success, the Carvaan digital music player. The original Carvaan, shaped like an retro radio, comes with about 5,000 old Hindi songs preloaded, and can also play songs from USB and Bluetooth. The device became a big hit, primarily because it came […]
Bharti Airtel said it will offer solutions from US-based networking company CISCO to its enterprise and SMB customers. Two solutions — Software-Defined Wide Area Network (SD-WAN) and Cisco-Webex conferencing solution — will be offered. Financial details of the deal were not disclosed. The software-defined Wide Area Network solution will provide customers with “a clear view […]
Alembic Pharmaceuticals said it has received approval from the US Food & Drug Administration (USFDA) to sell an equivalent drug of Lumigan eye drops of Allergan. Bimatoprost Ophthalmic Solution 0.03% has an estimated US market size of $ 76 million. It is indicated for the reduction of elevated intraocular pressure in patients with open angle […]
SpiceJet, one of India’s top airlines, said it will add 16 Boeing 737-800 NG aircraft to its fleet over the next ten days, even as rival Jet Airways has reportedly ground about 70 aircraft due to financial troubles. Ajay Singh, Chairman and Managing Director, SpiceJet indicated his company would add more. “This is the first […]
Bennett, Coleman & Co, also known as Times Group, has emerged as the most successful provider in the English movie segment in the aftermath of new TRAI tariff order, upsetting the calculations of well established players like Star India and Zee Entertainment. According to data for the last week of March from Chrome Data Analytics […]
Tata Motors UK unit Jaguar Land Rover expressed disappointment over the move by credit rating agency S&P to downgrade its debt rating, and promised better results for the ongoing quarter. “The company is disappointed by S&P’s decision to downgrade Jaguar Land Rover now. “The company reaffirms that it expects improved financial results in the fourth […]
Prime Minister Narendra Modi said India has become the fourth country in the world to bring down a satellite in space. “It was done in three minutes… we took out a satellite rotating around the earth in low earth orbit at a height of 300 km.” It was done using a locally designed anti-satellite missile. […]
State Bank of India said it has no plans to buy the 24% stake owned by Abu Dhabi-based Etihad Airways in embattled Indian carrier Jet Airways. The report ” is factually incorrect and no such transaction has been contemplated,” SBI said in a statement today. The clarification comes in the wake of heavy criticism that […]
Jet Airways said talks between various stakeholders in the company, including banks and investors like Etihad Airways, are still on, and that it is too early to comment on the likely outcome. Meanwhile, SBI’s chairman said a rescue plan will be ‘out very soon’. He also denied any plans to take the country to the […]
Vodafone Idea said it has priced its rights issue at Rs 12.50 per share. The offer price of Rs 12.50 per share represents a discount of 31% over the post-issue, weighted average price of Rs 18.09 per share, assuming that the company manages to sell all the shares it wants to under the rights issue. […]
India’s largest smartphone maker Xiaomi has launched Mi Pay, its payment service, in India, marking the first time the service has been expanded beyond its home market of China. The company will use the National Payment Corporation of India’s UPI and Bharat Bill payment network for its core functionality. The company has tied up with […]
Debt-ridden airline operator Jet Airways said it was grounding four more aircraft due to non-payment of lease amounts, and that it will also default on interest payments to its debenture holders due tomorrow. It is estimated a total of 40 plus aircrafts have been grounded by the airline so far. “..the payment off interest due […]
