Indian real estate developers can heave a sigh of relief: The latest quarterly update on the market shows that unsold inventory has fallen to their lowest level in several years. While this is not simply a reflection of increasing sales — developers started going slow on new launches in 2016 — it does indicate that […]
Brigade, a Bangalore-based real estate developer, announced plans to build its eighth integrated residential enclave near Aerospace Park near the Bangalore International Airport. It will be an affordably priced 50-acre project comprising 2 and 3 bedroom units. Each flat in the project will cost less Rs 45 lakhs, excluding government levies and maintenance charges, said […]
SpiceJet announced 20 new domestic flights flights today, taking the total flights launched since April to over 90. With this, SpiceJet has announced 106 new flights since April, including 73 that connect Mumbai, 16 connecting Delhi and 8 flights between Mumbai and Delhi. The new flights are effective from the last week of May. 18 […]
International private equity investors do not shy away from investing in malls in India’s tier-2 cities such as Amritsar, Ahmedabad, Bhubaneshwar, Chandigarh, Indore and Mohali, according to a study by Anarock Property Consultants. Real estate can be broadly divided into residential and commercial. Commercial is further divided into retail (malls) and office space. A total […]
The Securities Appellate Tribunal has stayed an order by the stock markets regulator imposing strict restrictions on stock broker Way2Wealth in the ‘NSE leased line’ case. The Securities and Exchange Board of India had, two weeks ago, imposed penalties and restrictions on several parties, including the National Stock Exchange, for facilitating or indulging in unfair […]
BMW Motorrad launched the BMW F 850 GS Adventure sports bike today at a price of Rs 15.4 lakh prior to road tax. The price includes GST, import duties and other similar levies, but excludes road tax, RTO fees and other local levies. BMW F 850 GS Adventure is a relatively lightweight motorcycle that can […]
Travel services firm Cox & Kings said it has agreed to provide ‘ancillary travel services’ to RCI, considered the largest timeshare holiday network in the world. Cox & Kings will provide various facilities to Indian members of the RCI network, including visa processing, air tickets and transfers. The Indian timeshare holiday market is currently dominated […]
The number of smartphone users in India is expected to almost double by 2022 from 47 cr registered at the end of 2017, a joint study by ASSOCHAM and PwC said. Fueled by cheap data and the explosion of ‘over the top’ services, the total number of smartphones will hit 86 cr by 2022, which […]
Bharti Airtel said it will merge its VSAT business with the VSAT business of Hughes Communications India Ltd, with HCIL holding a majority stake in the resulting business. VSAT refers to the provision of data services using satellites, and is used extensively by banks and ATMs. “The combined entity will be able to introduce new […]
DTH players who tried to ‘lock in’ their customers via long-term packs before the introduction of TRAI’s new tariff order seem to have instead ended up in a trap after the regulator ordered them to honor their earlier long-term plans. A prominent DTH operator, which was calling up customers with attractive yearly offers just before […]
SpiceJet announced yet another batch of new flights, emerging as by far the most aggressive airline in the wake of the demise of Jet Airways. This time, it announced 19 new flights, taking the total to 65 new flights announced in the last one month alone. The new flights announced today all connect Mumbai with […]
Cochin Shipyard Limited said it signed a contract for construction and supply of eight anti-submarine ships for the Indian Navy worth Rs 6,311 cr. The ships, also known as anti-submarine warfare shallow water crafts, will have a displacement (size) of about 750 tons, a speed of 25 knots and will be capable of full-scale, sub-surface […]
Godrej Properties, the Mumbai-based real estate arm of the eponymous diversified group, reported its highest ever quarterly sales, but the numbers also indicated that the company was realizing less upfront revenue per square feet booked. The company sold 3.72 million square feet of developments during the three months from January to March 2019, a jump […]
Utsav Singh Bains, the young lawyer representing many of the victims in the Asaram Bapu case, said the current sexual harassment allegations against Chief Justice Ranjan Gogoi are the results of a ‘big conspiracy’ by a lobby of frustrated judges, lawyers and ‘fixers’. The lawyer, who is fighting the Asaram Bapu case without taking money […]
Days after it announced its intention to add new aircraft to its fleet, SpiceJet said it would add 24 new flights over hte next 7-15 days. Of these, 16 will connect Mumbai, four will connect Delhi while the rest will connect the two metros with each other. The new flights from Mumbai are to Jaipur, […]
Sushil Modi, deputy chief minister of Bihar, said he has decided to file a defamation suite against Congress Party President Rahul Gandhi over a remark in which he alleged that all Modis are thieves. Speaking to the media, Sushil Modi said that Rahul Gandhi, at an election rally, said that all thieves have the Modi […]
Maruti Suzuki India has claimed top position for its premium sedan Ciaz for the year ended March, indicating that it beat long-time incumbent Honda City and new challenger Hyundai Verna. India’s largest carmaker claimed a market share of 30% for Ciaz in the “premium sedan” segment. The premium sedan segment excludes the likes of Honda […]
Content curator and record label Saregama has launched a portable version of its runaway success, the Carvaan digital music player. The original Carvaan, shaped like an retro radio, comes with about 5,000 old Hindi songs preloaded, and can also play songs from USB and Bluetooth. The device became a big hit, primarily because it came […]
TV18, the country’s largest news- and reality-based programming company, said the introduction of a new tariff order by the Telecom Regulatory Authority of India impacted both its advertising revenue as well as subscription income. TRAI introduced a new, demand-based subscription model for television channels from Feb 1, while a ruling by the Madras High Court […]
Bharti Airtel said it will offer solutions from US-based networking company CISCO to its enterprise and SMB customers. Two solutions — Software-Defined Wide Area Network (SD-WAN) and Cisco-Webex conferencing solution — will be offered. Financial details of the deal were not disclosed. The software-defined Wide Area Network solution will provide customers with “a clear view […]
