Czech automaker Skoda has dispelled the uncertainties around the introduction of its performance sedan range, the Octavia RS series, by bringing the RS 230 to India. The model is the most powerful car launched by the company in India and comes with a 2-litre TSI turbocharged, four-cylinder petrol engine with 230 bhp of power and […]
Defence and security company Saab, maker of Gripen jets, has tied up with India’s Adani Group for aerospace and defence production in India. “The intended collaboration would encompass design, development and production of Gripen for India and other high-tech products of national importance for India and also the creation of joint ventures in India in […]
Tata Motors passenger and commercial vehicles total sales including exports rose 14% in August, while domestic sales rose 26%. The company sold 48,988 vehicles in the month, out of which 45,906 were sold in India. It said it found “growing demand across segments and increased positive customer sentiments” in its home market. Domestic – Passenger […]
Wipro has announced details of its buy back of up to 343.8 mln shares or about 7.06% of its total equity base at a price of Rs 320 each for up to Rs 11,000 cr. The Buyback Size is 23.15% of the fully paid-up Equity Share capital and free reserves as per the audited standalone […]
Bajaj Auto, which has not been having the best of years, reported yet another decline in motorcycle sales in India for August. However, overall sales of two-wheelers were up 1% due to a 7% jump in export volumes. The company sold 1.72 lakh two-wheelers in August in India, down from 1.75 lakh in the same […]
Both individual freedom and privacy are very important but it cannot be unqualified as everything overrides when it comes to the national interest and security, Union Minister of State for Home Affairs, Kiren Rijiju said today. “When it comes to national security, I personally feel that national interest overrides everything,” said Rijiju while inaugurating an […]
The solar energy revolution may be all about saving the environment, but for the Indian state of Chhattisgarh, it’s impact is more immediate, and life-saving. According to a first-of-its-kind study conducted on primary health centers in the state, PHCs with solar backup admitted 50% more patients and conducted almost twice the number of child deliveries […]
The shipments data cards or dongles in India jumped 15% in Apr-June period compared to the previous three months, thanks to aggressive sales of Reliance Jio Mifi devices. The Ambani company had a 91% share of the dongle market in the country during the period, said CyberMedia Research. The company has been offering value back […]
Players like Bharti Airtel, Idea Cellular and Vodafone are heaving a sigh of relief that Reliance Jio has not unveiled any ‘monsoon surprise’ offer. However, state-owned BSNL may be about to increase the competition in the market with the launch of its 4G services shortly. Anupam Shrivastava, the chairman and managing director of the state-owned […]
Jet Airways said it is cancelling several of its flights from and to Mumbai to cope with the situation created by incessant and heavy rains in the city. The flights include those to Vodadara, Delhi, Bangalore, Ahmedabad, Chandigarh and others. “Inclement weather in Mumbai during the last 24 hours, including the suspension of arrivals and […]
After introducing a separate showroom network for its higher-end cars by the name of NEXA, India’s largest carmaker Maruti Suzuki said it will not overhaul, transform and rebrand its remaining car showrooms in the country. The Company targets to set up over 80 showrooms under the ARENA brand by March 2018. Progressively, existing showrooms across […]
State Bank of India has opened the largest number of accounts under India’s universal pension scheme for the unorganized sector, the government said today. State Bank of India has opened 51,000 out of the total 3.07 lakh pension accounts opened by banks under the scheme, which guarantees a rate of return of at least 8%. […]
Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before. This was achieved partly due to an acquisition. During the year, its renewable arm Tata Power Renewable Energy Limited completed the acquisition of WREPL which had […]
Cloud-based services provider Ramco Systems has won a key, five-year contract from Saudi Rotorcraft Support Company, which provides maintenance services for the country’s combined fleet of more than 360 military and commercial helicopters. “With two of the top 5 aircraft manufacturers already using Ramco’s aviation MRO software, this deal underscores the track record and deep […]
Korean manufacturer LG has become the first brand to launch an affordable 4K monitor in India with the launch of the 24UD58 model. The 24-inch flat UHD monitor is available at an online price ranging from Rs 25,200 to Rs 27,000 including shipping, making it far cheaper than any other 4K display in the country. […]
The Doklam withdrawal has been accompanied by a tremendous amount of spin, with both countries trying to portray the development in a favorable light. But what neither side is saying is what happens to the road that China was building — will it continue to build it, or will it abandon it? INDIAN VERSION The […]
Pharma giant Dr Reddy’s Labs today said that a class action lawsuit has been filed against it on behalf of shareholders, alleging that the company misled investors causing them to lose money on their investments. “The lawsuit alleges that the company made materially false and/or misleading statements or omissions in connection with its corporate quality […]
Pharma company Jubilant Life Sciences Ltd said it received final approval to sell pain drug Indomethacin in the US. The drug, which is also sold as Indocin by Iroko in the US, is a nonsteroidal anti-inflammatory drug used for the treatment of moderate to severe inflammation and reduce pain. “This is the seventh approval that […]
Haryana Chief Minister Manohar Lal Khattar seems to be facing mounting pressure to step down, with BJP leader Subramanian Swamy hinting that the CM does not enjoy total support of BJP leaders. “The question of (Khattar’s) resignation has to be taken up by the prime minister, because he selected him,” said Swamy. He went on […]
Supporters of religious leaders Ram Rahim have gone on rampage in Panchkula in Haryana after a court there convicted him of rape. At least eight people have been confirmed dead in Panchkula and over a hundred injured. According to various media outlets, the supporters have unleashed violence at police and local establishments. “I have taken […]
