Online sales of smartphones in India continues to gather pace — expected to rise to 38% of all smartphone sales this quarter — even as Xiaomi is expected to outsell Samsung 4:1 online. In total, 15 mln (1.5 cr) smartphones are likely to be sold through online channels in the festival quarter — a growth […]
SPI Cinemas, a part of India’s largest multiplex chain PVR, has launched at Park Square Mall in Whitefield in Bengaluru. The four-screen cinema is set on the third and fourth floors and can seat 696 people in total. With the launch, PVR’s network now stands at 715 screens at 154 properties in 60 cities. On […]
Royal Orchid hotel chain said it has opened its 49th property near the Bharatpur bird sanctuary in Rajasthan. Regenta Resort has 50 rooms, including Royal Suites, Club Rooms and Family Suites, as well as executive suites. It also comes with an in-house restaurant and two function halls. Bharatpur is a popular winter destination for North […]
Oil India Limited (OIL) said it found hydrocarbons in two explorator wells in Assam in the July-September quarter. The first one, in Dibrugarh, produced natural gas at the rate of 1.15 lakh cubic meters per day, while the second one, in Tinsukia, produced gas at 1 lakh scmd. These numbers are at the higher end of production […]
Chetan Bhagat, India’s most popular pulp fiction writer, today sought to put his foot down on allegations that he sexually harassed people on WhatsApp. His response comes in the wake of yet a new allegation, four days after a woman leaked a conversation with him in which he confessed to ‘trying to woo’ her. In […]
Voltas, the largest selling AC in India, today launched ‘smart ACs’ in an exclusive tie-up with online retailer Amazon. Users can turn their AC on and off and change the temperature using voice commands like “Alexa, turn on the AC” or “Alexa, set AC to 23 degrees”. For finer-grained control, they can use can the company’s […]
Heavy machinery maker Bharat Heavy Electricals Limited said it won four orders for emission control equipment from power producer NTPC, worth about Rs 2,900 cr, The orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at NTPC’s producing stations at North Karanpura, Mauda Stage-I, Barh Stage-I and […]
Suzuki, the Japan-based parent of India’s largest carmaker Maruti Suzuki, has started real-life testing of electric vehicles in India. The company had, in September, promised to bring 50 units of its electric vehicles to India for conducting tests in real life conditions. “This extensive real-life usage of the vehicles in multiple terrains and climatic conditions […]
NTPC, India’s biggest power producer, said it has taken a loan of Rs 5,000 cr from the State Bank of India to fund its capital expenditure. The loan is repayable over a period of 12 years. This is one of the first large corporate loans extended by Indian banks after the NPA crisis, in which […]
Volvo Eicher Commercial Vehicles, which manufactures Eicher branded trucks and buses in India, said it would increase its capacity by 44% by setting up a new, 40,000-trucks-per-year plant in Bhopal in Madhya Pradesh. At present, the joint venture between Eicher Motors and AB Volvo has a capacity of manufacturing 90,000 trucks per year at its […]
India’s largest lead recycler Gravita India said it has been forced partially cancel a Rs 300 cr order received earlier this year due to counterparty problems. The company said it supplied only 3,800 tons out of the contracted Rs 18,000 tons to buyer Kyen Resources Pte. Ltd. Singapore. “The contract entered with them has been terminated due […]
TVS Motor Company has introduced yet another version to its successful Jupiter line of scooters. Jupiter Grande, priced at Rs 56,000 ex-showroom in Delhi, has a few functional extras like an LED front-lamp that saves power and fuel, adjustable mono-shock suspension at the back and a new seat. The new model is priced at Rs […]
Kerala Blasters, one of the prominent teams in Indian Soccer League, has signed up Havells India brand ‘Standard’ as one of its co-sponsors. The financial details of the deal were not disclosed. However, it should come as a positive for the new owners of the team — Nimmagadda Prasad, Chiranjeevi and Allu Arvind, who took over […]
IDBI Bank said its board of directors has approved the issue of shares to Life Insurance Corporation of India to make the latter the majority shareholder in the bank. The insurer will hold 51% of the total shares of IDBI Bank once the issue is completed, it added. The Bank had around 418 cr shares […]
Larsen & Toubro said it, along with its consortium partners Baker Hughes and McDermott International, has won the contract for constructing one of India’s largest deepwater oil and gas projects. The contract is for construction at ONGC’s KG DWN-98/2 basin that lies close to the KG-D6 block of Reliance Industries. “The integrated subsea package includes […]
Jindal Steel and Power Ltd reported a 53% jump in crude steel sales for the September quarter compared to the same quarter last year. It sold 1.27 million tons of crude steel during the quarter, up 7.6% compared to the March quarter, and well clear of the 0.83 million tons recorded in the same quarter […]
Tata Communications, the wholesale communication arm of the Tata Group, said it has agreed to buy Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). The company was already the single largest shareholder in Teleena with a 35% stake, following an investment in January 2017, and has extensive dealings with […]
Maruti Suzuki India Limited said it is recalling 640 units of its Super Carry small cargo vehicles manufactured between 20th Jan 2018 till 14th July 2018 to rectify a possible defect in fuel pump assembly. Starting today, owners of the vehicles included in this recall campaign will be contacted by Maruti Suzuki dealers for inspection and […]
Hindustan Construction Company Ltd said its joint venture with Hyundai Development Corporation has won the contract to construct the Mumbai Coastal Road Project between Haji Ali and the Bandra Worli Sea Link, worth Rs 2,126 crore. The contract forms one of the three packages within the first phase of the highway. Construction on the first phase is […]
HCL Technologies said it has signed up a new client — Australian power transmission company TransGrid, based in New South Wales. The five year deal will see the Indian outsourcing company provide most of the outsourcing functions for the company, including service desk operations, data center operations, security, disaster recovery, end-user computing facilities and applications. […]
