The Competition Commission of India (CCI) has imposed fine of Rs 6,320.6 cr upon ten cement manufacturers for forming independent organization to limit competition by controlling the production and distribution of cement, said the Ministry of corporate affairs. The list of companies included ACC Cements, Ambuja Cements, Binani Cements, Century Cements, India Cements, J K […]
Bharti Airtel has brought advanced 4G technology that conjoins the different blocks of spectrum it has in Mumbai circle, about six months after it introduced the technology to Kerala. With this, Mumbai has become the second circle where the company has introduced ‘carrier aggregation’ technology, a part of LTE Advanced standard. “The deployment will result […]
Lingerie is an intimate part of a woman’s wardrobe, in every sense and Tata CLiQ, the Tata group’s multi-brand e-commerce platform, has brought a curated and exclusive range of Indian and International lingerie brands collection, in diverse size range and affordable prices, altogether on it’s e-platform. The collection consists of 14+ lingerie brands including Amanté, […]
Zebronics India Pvt Ltd, a supplier of IT peripherals, audio-video products and surveillance products, launched a new video door phone- ZEB-VD4 smart. The device comes with a 4.3 inch screen and wide angle camera and is priced at Rs 4,800. ¨ZEB-VD4 smart has advanced security and surveillance features and is an ideal solution for those […]
Uflex, one of India’s biggest manufacturers of plastic packing, said it successfully performed flexfresh liner bag trials to determine the possible shelf life extension for Papaya. The trials were jointly performed with Perfotec — company which develops technology to extend the shelf life of fresh fruit and vegetables — in India as well as Holland […]
Intex Technologies put on-air its fully automatic washing machine TV commercial featuring bollywood actress Madhuri Dixit, who recently signed as brand ambassador for Refrigerators and Washing Machines for two years. The 20-second commercial will be broadcast pan-India across all major general entertainment channels, news channels and regional broadcasts. The commercial will cover the North Indian […]
Kingston, manufacturer of flash memory products and other computer-related memory products, said it tied up with Saavn, an audio entertainment streaming service, for its limited edition microSD Cards. Kingston will offer a free two-week subscription to the Saavn Pro service to those who buy the new cards. The offer is also valid for a year […]
Due to the expansion of 3G and onset of 4G technologies, telecom tower industry’s tenancy ratios will increase to 2.9 times by March 2020 from 1.95 times as of March 2015, according to an ASSOCHAM-KPMG joint study. Tenancy ratio refers to the number of tenants (operators) who have put up their antennae and other active […]
Manpasand Beverages, the company that makes ‘Mango Sip’, said it completed the construction of its new plant in Haryana at a cost of Rs 150-160 crores. The company had raised the money through itś recent IPO. The new unit will manufacture 50,000 cases of the existing range of products such as ´Mango Sip´,´Fruits Up´, carbonated […]
eBay India, a leading online marketplace and shopping destination, has launched a one week campaign by giving 60% off on products in the clothing and accessories category, celebrating World Fashion Day on Aug 21. Consumers can style up their fashion and enjoy the deal with a wide range of products across the clothing and accessories […]
Aksh Optifibre Ltd. will complete the acquisition of Unitape Mandovi Pvt. Ltd.Composites within 15-20 days, the company said. It said it decided to buy Unitape as it was engaged in the business of manufacturing fibre re-inforced plastic (FRP) rods. Aksh said FRP rods was also its own main line of business. Unitape has a production […]
As any trial user of Reliance Jio’s new 4G network knows, calling phones on rival networks is currently a hit and miss affair with a high chance of being greeted with the ‘all routes are currently busy’ message. It’s the oldest trick in the book that incumbents have traditionally used to thwart new entrants — […]
Telenor, the Norway-based telecom operator, said it has decided against participating in the upcoming telecom auctions in India as the reserve prices are too high compared to the possible return on investment. “We have, after thorough consideration, decided not to participate in the upcoming spectrum auction, as we believe the proposed spectrum prices do not […]
Birla Corporation Limited said it agreed to buy the entire cement business of Reliance Infrastructure Ltd for a valuation of Rs 4800 crores including debt. The debt portion of the valuation will not go to Reliance Infrastructure. The equity value of Reliance Cement was not disclosed. The two companies have agreed that Birla Corp shall […]
Making it official, Reliance Jio Infocomm Ltd and Reliance Communications Limited (“RCOM”) today announced the signing of agreements for the sale of 800 MHz spectrum in 9 Circles by RCOM to Reliance Jio, and for sharing of spectrum in 800 MHz band across 17 Circles. As part of the enhanced strategic collaboration, both Companies also […]
Tata Steel Limited registered Hot Metal steel production of 2.69 million tonnes, up by 13.1% on year, and Crude Steel output of 2.55 million tonnes, up by 11.3% on year, for the third quarter of the financial year. Saleable Steel production was higher by 13.1% y-o-y to 2.51 million tonnes, and sales increased by 10.3% […]
Idea Cellular, the country’s third biggest telecom operator and holder of 4G spectrum, is offering 1 GB of 4G data in 190 cities spread over eight states as part of a ‘pre-book’ offer. The scheme is applicable only to those who have Idea phone numbers. Subscribers will have to also change their SIMs to a […]
While many were expecting Reliance Jio to launch VoLTE (voice over LTE) phones priced as low as Rs 5,000, it is the Samsung Galaxy On5 that has emerged as India’s cheapest VoLTE-enabled phone. UPDATE: As more and more 4G phones have started becoming available, it has become more difficult to keep up a list of […]
Troubles within China are expected to spell disaster for the Indian steel industry as desperate Chinese manufacturers would dump their products more rigorously abroad, having already registered a growth of 232 per cent in their shipments to Indian ports, an ASSOCHAM study has cautioned. Indian steel makers have already been hit by declining prices due […]
India Ratings and Research has downgraded Shree Renuka Sugars Limited to IND BB- from IND BBB- fearing liquidity problems caused by falling sugar prices. It also held out a bleak outlook for the sugar industry in general. “The downgrade reflects the likelihood of higher-than-expected liquidity concerns post Ind-Ra’s further interactions with SRSL’s management amid falling […]
