Future Retail, the pioneering modern retail chain founded by Kishore Biyani, today said it will take steps to implement its agreement with Reliance Retail as it is not a party to the agreement quoted by global retailer Amazon to block its merger with Reliance Retail. The agreement is with one of its promoters and group […]
Indian SUV maker Mahindra & Mahindra seems to be finally shaking off its long-drawn legal troubles in the US over its flagship model, Roxor, looking too much like the old Jeep models. The company had carried over an extreme redesign of the Roxor this year, and while that may have irked the fans of the […]
Some of the gains made by the e-commerce sector during the COVID-19 lockdown is permanent and retailing will never be the same again even after the pandemic, said Sanjiv Mehta, chairman and managing director of Hindustan Unilever Ltd. As India’s largest supplier of consumer goods, HUL has a lot at stake in health and longevity […]
Tech Mahindra, one of India’s to six IT service providers, said it has invested $3 million, around Rs 23 cr, in a fast-growing tele-medicine start-up based in Plano, Texas. The Indian company, which gets a 6% stake in exchange for the investment, has an option of raising its stake to 14% by January 2021 by […]
Low cost carrier SpiceJet has announced 62 new domestic and international flights, including two new flights to Muscat in Oman. The other flights cover almost all regions of the country and involve nearly all the major airports in India (see chart at the bottom). Out of the 62, four are international and 58 are domestic […]
Mumbai-based pharmaceuticals manufacturer Vaishali Pharma said it has entered the US market by launching its orthopaedic belts and similar products. The company is among the smaller sized pharmaceutical manufacturers in India, with annual sales in the range of around Rs 40 cr. Established in 1989, it manufactures and supplies bulk drugs, pharmaceutical ingredients, formulations, surgical […]
GTPL Hathway, a cable and broadband network provider focused on Western and Central India, said it has already crossed its full-year target for new broadband connections within the first six months of the year, and has therefore doubled its target for FY21. At the beginning of this financial year, the company had guided towards adding […]
Automaker Mahindra & Mahindra said it has crossed 15,000 bookings for the 2020 version of its Thar SUV in the first 17 days days of sales and that the company is planning to expand the production capacity for the model. The company had, two weeks ago, announced that it had crossed the 9000 mark within […]
GTPL Hathway, one of India’s top cable TV and cable internet providers, indicated it was not overly worried about telecom players like Bharti Airtel luring away its local cable operator partners under their new LCO partnership strategy. Bharti Airtel had announced some weeks ago that it plans to authorize local cable operators (LCOs) to resell […]
The number of new broadband subscribers added per month on Jio Fiber — the wired connectivity service from Reliance Jio — has crossed the 1 lakh mark for the first time — a year after the company started giving connections commercially. According to India’s monthly broadband addition numbers, the total number of high-speed internet users […]
Dr Lal PathLabs, one of India’s top diagnostic chains, today clarified that the leak of patient data reported in the media involved only 1 in 200 patient records held by the company and did not involve any “material information loss”. “There was a misconfiguration in one of our minor web application where temporary records were […]
Sun cuts NCF by 62% from Rs 153 to Rs 59 per month Makes it the cheapest pay DTH or cable service in India Could pressurize other DTH players to follow suit When TRAI’s new tariff order came into effect in early 2019, both the regulator and the consumers expected monthly cable and DTH bills […]
Mukesh Ambani, chairman of Reliance Industries and Reliance Jio, today announced his company’s fiber optic service will reach 50 million households — or about a fifth of India’s population. Ambani, however, did not give a timeline for when he expects to achieve this milestone. Nevertheless, the number is still significant as industry experts differ widely […]
Record label Saregama India has launched Carvaan Mini Kids, the kids edition of its extremely successful Saregama Mini ‘radio’ product with built in digital audio content. Unlike Carvaan and Carvaan mini, which come with popular songs and similar content for adults, the Carvaan Mini Kids — priced at Rs 2,990 — comes with rhymes, stories […]
Thyrocare, one of India’s leading diagnostic services providers, said its revenue has jumped substantially in the July-September quarter owing to strong demand for COVID-19 testing. A day after competitor Metropolis Healthcare reported a 25% year-on-year jump for the three months, Thyrocare reported a growth of 37% in its revenue. Sequentially, Metropolis’ September quarter revenue nearly […]
Home-grown automaker Mahindra & Mahindra has notched up 9,000 bookings in the first four days of launching the 2020 Thar SUV, marking a strong start for a crucial model for the company. It said this was achieved despite test drive and demo vehicles being present only in 18 cities. The Mumbai-based company said buyers have […]
Metropolis Healthcare, one of India’s biggest diagnostic services providers, said it has seen a sharp up-tick in its revenue this year, benefiting from increased demand for COVID-19 testing. As of September 2020, said the company, its total revenue is 40% higher than the same month of 2019. Within this, the non-COVID services/revenue has achieved ‘normalcy’ […]
Maruti Suzuki India reported a whopping 31% jump in its September auto sales, while Mahindra & Mahindra reported a more modest increase of around 5% in its passenger vehicles. The commercial vehicles division continued to struggle with low demand. M&M Unlike Maruti Suzuki, which benefited from higher sales of its smaller cars, Mahindra & Mahindra’s […]
Google has announced that starting from November, it will stop serving ads under its various networks and platforms for all web pages and apps that are not in the list of 49 approved languages. The list of 49 approved languages includes eight Indian languages — Tamil, Kannada, Hindi, Telugu, Malayalam, Bengali, Gujarati and Marathi. The […]
Godrej Properties, arguably the healthiest and fastest growing of the major Indian real estate companies, today said it has agree to purchase a 20 acre project in Kalyan near Mumbai for a residential project. “This project will offer approximately 139,000 square meters (1.5 million square feet) of saleable area comprising primarily of residential apartments of […]
