Jaguar Land Rover sales down 22% in July as US-China tariff war bites

Jaguar Land Rover today reported total retail sales of 36,144 vehicles in July 2018, down 21.6% year on year, primarily, it said, reflecting “transitional issues” in certain markets. Retails for July were down in China (46.9%), reflecting continued market volatility in the first month of the duty change as well as trade tensions. Sales were […]

Future Retail margin improves as co sheds unprofitable outlets

Future Retail, the country’s largest brick-and-mortal retailer with over 1,100 stores, reported an overall improvement in its profits margins in the Apr-June quarter. The improvement was largely the result of a slight dip in operating expenses, even as sales fell as the company shut unprofitable outlets. Excluding such stores, sales improved 7.1% on year. Net […]

Ramco Systems wins yet another big Philippine logistics clients

Ramco Systems, one of India’s top cloud software vendors, said it won yet another client from Philippines for its logistics management offering. It said AP Cargo Logistic Network Corp will implement Ramco Svstems’ Logistics Software to manage its freight operations nationwide. The deal includes Finance and human resource management modules as well, besides transport management, hub management; warehouse management, […]

Tired of losing market share, LG prices flagship G7+ at just Rs 39,999

After watching its marketshare nibbled away by online-focused rivals, Korean smartphone maker LG Electronics seems to have decided to borrow a leaf from the playbook of its competitors like OnePlus. Against the usual price of Rs 52,000-56,000 for its flagship devices, the company has priced its 128 GB G7+ ThinQ at just Rs 39,999 — […]

6:30 PM Bulletin: Karunanidhi’s health declines

The latest health bulletin from Kauvery Hospital in Chennai at 6:30 PM today has said that there has been a further deterioration in Tamil politician Karunanidhi’s health. “There has been a decline in the medical condition of Kalaignar Dr M Karunanidhi, DMK President and former Chief Minister of Tamil Nadu,” read the bulletin signed by […]

Alembic Pharma gets tentative generic nod for Allergan’s Latisse

Alembic Pharmaceuticals said it received tentative approval from the US Food & Drug Administration for launching a therapeutic equivalent of Latisse ophthalmic solution. Allergan Bimatoprost solution is used to treat loss of hair, or hypotrichosis, of the eyelashes. The solution, with an estimated US market size of $63 million, increases the length, thickness and darkness […]

1,104 people die during clinical trials in India in 3 years

A total of 1,104 people have died during clinical trials of various drugs and procedures in India in the last three years, according to the ministry of health and family welfare. However, not everyone who died during clinical trials are found to have died from the procedure through subsequent examinations. Only the patients who are […]

Bhima Jewellers pulls ads from Mathrubhumi over Meesa novel

Bhima Jewellers, one of the biggest gold retailing firms in Kerala, seems to have pulled its advertisements from Mathrubhumi due to ‘controversies’ over the printing of a novel by the publication group. “We give importance to public sentiments and wish to stay away from controversies of any kind. We have noted your concerns and have […]

Non-BJP parties likely to jointly ask EC for paper ballot in 2019

An array of politicial parties, including BJP allies Shiv Sena and BJD, are likely to write to the Election Commission to ask for the next general election to be conducted using ballot paper, media reported. The parties include opposition outfits like the Indian National Congress, Samajwadi Party, Bahujan Samaj Party, CPI(M) and Rashtriya Janata Dal, […]

Supreme Court refuses to ban novel ‘Meesha’, seeks translation

The Supreme Court has refused to stay the sale of ‘Meesa’ (The Moustache), a Malayalam novel that has been in the news for offending certain organisations in Kerala, pending further deliberations. Hearing a public interest litigation filed by Delhi-based Malayali N Radhakrishnan, a bench headed by Chief Justice Dipak Misra asked for a translation of […]

Samsung ends Xiaomi’s six-month reign as India’s top smartphone brand

Samsung overtook Chinese challenger Xiaomi to retake the crown of India’s top smartphone brand in April-June period, according to market tracker CMR, even as Reliance Retail emerged as India’s biggest smartphone maker. A week ago, Counterpoint Research too had come to the same conclusion. Xiaomi had ended Samsung’s decade-long reign at the top of Indian […]

Nalco says facing a ‘coal crisis’ due to govt’s supply prioritization

Government of India’s NALCO, or National Aluminium Company, said its primary Aluminium smelter plant at Angul in Orissa is facing a ‘crisis’ due to the the shortage of coal to produce power. Smelting of alumina into aluminium is one of the most power-hungry processes in industrial production. To supply power to the unit, NALCO had […]