Bharti Airtel said it had acquired its 30th million customer in Nigeria. “In acquiring 30 million subscribers in Africa’s most populous nation, the company has hit another milestone of achieving a 20 percent market penetration in the country,” it said. Making the announcement, Airtel Africa CEO Mr. Christian de Faria, noted that the company’s success […]
The Agri Business vertical of Mahindra & Mahindra, part of the USD 16.9 billion Mahindra Group, today announced the launch of its branded edible oil – NuPro. The company, under the Nufro brand, will offer a bouquet of edible oils, starting with mustard oil. The product is priced at Rs. 144 for a one litre […]
Financial Technologies said that the Supreme Court has stayed an earlier order by the Central Electricity Regulatory Commission directing Indian Energy Exchange to transfer its shares in the exchange to a trust. The CERC issued the order on June 26, 2015, directing FTIL (Financial Technologies) to transfer its entire shareholding in the Trust Demat Account […]
The proposed merger between petroleum producer Cairn India and its parent Vedanta Plc is “likely to be unlikely”, Edelweiss Securities said. Raising the question of minority interest, Edelweiss said the deal does not seem to offer any overt benefits to Cairn India. “From Cairn’s perspective, we fail to understand the benefits of any synergies that […]
Just a couple of years ago, buying a 4G LTE dongle to use with Airtel’s 4G service meant shelling out Rs 7,500 or so. Today, LTE dongle prices have crashed and the latest entrant to the market is the Huawei E3276, which supports 4G, 3G and 2G. The E3276 is available in the market for […]
Home prices could see correction in South East Asia, particularly if the rising trend continues for another couple of years, as capital has started leaving because of the tapering of the US Federal Reserve stimulus program, Moody’s Analytics has warned. Moody’s Analytics warned that prices are still rising sharply despite capital exiting Asian economies. “Property […]
The soaring popularity of big size phones, or phablets, is affecting sales of tablets in India, according to market tracker 6Wresearch. Phablets, or phones with displays of 5 to 6 inches, have increasingly gained consumer affection due to three factors. First, they come with built-in cellular and 3G connectivity, unlike low-cost tablets that typically offer […]
Negative investor sentiment due to recent payment crisis in the National Spot Exchange Ltd (NSEL), sluggish participation in gold and silver futures and increased volatility following rupee have combined to pull down the turnover in India’s top commodity futures trading exchanges, according to an expert paper prepared by ASSOCHAM. From a peak of Rs 181.26 […]
