Ashok Leyland, which had introduced a voluntary retirement scheme and an employee separation scheme for its executives in August last year, has approved yet another VRS scheme this year. In a notification, the company said its directors “approved the introduction of Voluntary Retirement Scheme (“VRS”) for all eligible employees” of the company. The approval, it […]
L&T Technology Services has been certified by Amazon to put Alexa voice technology into all kinds of devices. Alexa is a voice-interaction technology developed by Amazon, and is quickly emerging as one of the leading standards of voice-based interaction for devices. While it started out as a way to interact with Amazon devices such as […]
Titan Co, which had seen a sharp fall in its revenue and profit in the aftermath of the COVID-19 lock-down, today reported a 15% increase in festival sales of jewelry items. This continues a theme of recovery seen in the last few months. For example, during the three months from July-September, the company had managed […]
Wonderla Holidays Ltd, which reopened the Bangalore water park partially last weekend, said it will restart water rides at the facility from this week. The other two parks, at Kochi and Hyderabad, remain shut. Wonderla Bangalore was opened five days ago with a limited number of rides, and none of the water rides were available. […]
Mahindra & Mahindra, one of India’s largest automobile and tractor makers, announced the production plans for a new series of advanced tractors being made with the help of its joint venture with the Mitsubishi Group of Japan. While the collaboration was announced earlier, it today unveiled further details about the production roadmap, as well as […]
Chennai-based Equitas Small Finance Bank, which listed on stock exchanges earlier this month, unveiled a new type of zero-balance savings bank account with a whopping 7% interest rate. At present, almost no bank offers an interest rate of 7% on savings bank deposits, and many banks offer less than 7% even for fixed deposits. However, […]
V-Mart, India’s largest chain of smaller-sized fashion stores, said it has started purchasing fresh stock from its suppliers after nearly six months of freeze on garment procurement. The company was hit hard when a nationwide lockdown was imposed by the central government in late March to control the spread of COVID-19, particularly as it had […]
Outsourcing major Wipro Ltd said it will replace the current way in which it has structured its business by reorienting it along two core themes — product-related services, and infrastructure-related services. Earlier, Wipro used to divide its services into seven verticals and five capabilities. The seven verticals included segments like manufacturing, telecom, consumer products, financial […]
Taiwan-based contract manufacturer Wistron Infocomm has started carrying out a significant expansion of its existing facility in Kolar near Bangalore as Apple Inc continues to source more assembled-in-India iPhones. The information was revealed in a regulatory filing related to an order win by air conditioning equipment provider Blue Star today. “Wistron is a Taiwan based […]
OnePlus, the premium smartphone brand from Chinese manufacturer BBK Electronics, saw its India sales double during the third quarter (July to September), thanks to the launch of India’s cheapest 5G smartphone, OnePlus Nord. The phone, priced at around Rs 28,000, helped the brand double its sales in India with a growth of 104% during July-September […]
Suzuki Motor Gujarat Pvt Ltd, the India-based auto-manufacturing arm of Japan’s Suzuki Motor Corp, has completed the construction of its third and final assembling unit to achieve its full production capacity of 750,000 vehicles per year, sister concern Maruti Suzuki said today. Unlike Maruti Suzuki, Suzuki Motor Gujarat Pvt Ltd is 100% owned by the […]
Zee5, the on-demand content app from Zee Entertainment, has stopped sharing its content with the content app of at least one telecom player. Punit Goenka, CEO of India’s largest home-grown television broadcaster, said his company has decided not to renew a content sharing deal with a telecom player when it expired in August. He said […]
Bharti Airtel said it has expanded its broadband offering under tie-ups with local cable operators to 48 cities as of the end of September, up from 18 cities three months earlier, and will scale it up even faster in coming days. It said it took seven eight months to get the model right, but the […]
The numbers released by India’s three telecom operators on their July-September performance show a remarkable trend reversal: For the first time ever, Reliance Jio was no longer the fastest growing data operator in India, losing the crown to Bharti Airtel. While Jio’s mobile data traffic went up by 220 million GBs in July-September compared to […]
The amount of 5G spectrum set apart for 5G wireless services in India is likely to increase by ten times or more, going by comments made by various government officials at a telecom event today. At present, the amount of 5G spectrum that has been set apart for 5G in India is 275 MHz, which […]
Titan Company, India’s largest jewelry retailer and a part of the Tata Group, said second quarter revenue from its mainstay jewelry division was almost at the same level as what was seen in the same quarter last year, while its eyewear and watches division continued to suffer from the impact of the pandemic. The jewelry […]
Cochin Shipyard Limited, India’s largest shipbuilder, has signed a partnership agreement with Fincantieri, one of the world’s largest shipbuilders. Besides ship-building, the two will co-operate in the areas of ship design, repair, marine equipment manufacturing and training & skill development, the Kochi-based company said today. Italy-based Fincantieri has over 230 years of history and more […]
Bharti Airtel, the former No.1 telecom provider of India, has doubled the pace of its 4G roll-out by adding nearly 333 new 4G base stations every day during the July-September period. That works to over 10,000 base stations per month, or almost 14 new 4G base stations per hour — including at night. In comparison, […]
Hero MotoCorp said it has signed an agreement to co-develop and sell “a range of premium motorcycles” with iconic US motorcycle maker Harley Davidson. The announcement comes a month after Harley Davidson decided to exit the Indian market due to poor sales. The company had been selling over 10,000 units per year during the peak […]
SpiceJet said it has started offering a doorstep, pre-travel COVID-19 testing service to its passengers. A healthcare worker will visit the passenger at his or her home and collect the sample well in advance of the flight. The test result will be ready in time for the flight, and can be used for the same. […]
