Railtel Corporation of India, the telecom unit of Indian Railways, said it does not expect to lose subscribers to rival operators like Reliance Jio and Bharti Airtel, even as it promised to take its RailWire services to even the tiniest of towns this year. RailTel Chairman and Managing Director Punit Chawla said his company is […]
Puravankara Ltd, the biggest residential real estate brand in Bangalore, said it is making changes to its apartment designs to attract work-from-home customers, but believes that employees will shift back to the work-from-office model in another 12-18 months. STRONG DEMAND The company has been seeing strong demand for its residential flats, as buyers increasingly prefer […]
Amazon has expanded its Fire brand of devices and software to the service sector with the launch of its Fire TV Hotspot broadband service in India. The company started offering Fire TV branded broadband connectivity in the Indian city of Mumbai — making it possibly the only one in the world to get Amazon branded […]
The Hindustan Times group, which runs a similarly named English newspaper and the Hindi daily Hindustan, said its total investment in various companies under its ‘ad for equity’ scheme has crossed the Rs 500 cr mark. Most large media houses in India offer a fixed amount of ad inventory in return for equity of the […]
Sun TV Network, the second biggest home-grown entertainment TV network in India, is planning to invest around Rs 25 cr each on two reality-based shows in Malayalam and Telugu to take on Big Boss. Currently, Big Boss — the most successful reality TV franchise in India — is with Sun TV’s primary rival in the […]
Branded apparel maker Arvind Fashions, which sells clothes under brands such as Arrow, Tommy Hilfiger, US Polo and Flying Machine in India, is trying a new strategy as far as its online business is concerned, said Director Kulin Lalbhai. While traditionally, garment vendors have looked at e-commerce as a way to get rid of their […]
Inox Leisure, one of India’s top cinema chains, said it plans to add 8,850 seats across 11 new properties to its multiplex chain in the ongoing financial year, taking the total seats to 1.56 lakh by March. These 11 new properties would bump its screen count by 49 to 692. Out of the 49 new […]
Bharti Airtel’s new strategy of tying up with cable operators has helped the company significantly speed up subscriber acquisitions in its wired broadband business and narrow the gap with Reliance Jio, which continues to be India’s fastest growing provider. Since introducing a new, collaborative model of joint roll-out with cable operators, Bharti Airtel’s monthly wired […]
COVID-19 season has failed to make any dent in the growth of India’s matchmaking websites such as Matrimony.com, the largest. Going by the numbers, youngsters in the country seem to be finding more time for online matching making services during the COVID-19 era than ever before. In a year when most companies have seen double-digit […]
Keralites overwhelmingly voted to retain the government of Pinarayi Vijayan in Kerala, breaking from a nearly half-a-century-old tradition of swapping the party in power every five years. Several factors have helped ensure a second term for Vijayan, but perhaps the most crucial has been the decisive and efficacious leadership shown by the politician during the […]
GTPL Hathway, one of India’s top five wired broadband providers, said it will start distributing its high-speed broadband service through local cable operators in the next two months. The company, whose broadband service is currently restricted to towns and cities, will also make the service available in thousands of gram panchayats across Gujarat by leveraging […]
Den Networks, a prominent Indian cable feed provider that is now part of the Reliance Industries group, today reported a set of disappointing financial performance numbers, capping a year of pain and degrowth. The company’s subscription revenue, which is overwhelmingly composed of the monthly subscription fees paid by cable TV subscribers, fell to 190 cr […]
The closure of Vedanta Ltd’s Tuticorin copper smelter in May 2018 has turned India into a net importer of refined copper, according to newly released government data. While India was a net exporter of refined copper to the extent of 3.34 lakh tonnes in the year ended March 2018 (prior to the shut down); the […]
Indian Railways is on track to post a decline of almost 75% in its revenue for the financial year that ended last month, according to data from the ministry of railways, Government of India. For the first 11 months of the financial year (Apr 2020 to Feb 2021), the total passenger revenue fell by three […]
Karnataka has emerged as India’s No.1 state in terms of installed solar power capacity overtaking early leaders such as Gujarat and Rajasthan, according to the latest numbers from the Minister of New and Renewable Energy, Government of India. According to these numbers, the south Indian state accounted for almost a whopping 19% of India’s total […]
India has a whopping 77.17 gigawatt of renewalble power generation capacity either under implementation or in the process of being allocated for implementation, according to data from the ministry of new and renewable energy, Government of India. This is equal to about 83% of India’s total renewable energy capacity of 93 GW in place as […]
Kerala Cable TV Operators’ Association, the biggest organization of local cable operators in Kerala, will inaugurate its much-awaited voice calling service on Thursday, March 25. This will make it possibly the first cable TV operators’ association in the entire country to diversify into voice services. It was one of the first to branch out into […]
Indian Railways converted 5,601 railway coaches into emergency COVID-19 isolation wards to deal with an expected surge in critical COVID-19 cases, but only 135 of these were ever put to use, data from the ministry of railways reveals. Indian Railways spent a total of 38.30 cr — or about 68,380 per coach — to equip […]
Contrary to expectations, the COVID-19 pandemic has negatively impacted the growth of digital payments in India. Against a growth of 46% in the value of digital payments last year, this year, digital payments growth is on track to be around 11.5%. In terms of actual numbers, with 20 days remaining in the year, the total […]
Government of India has canceled or suspended the eligibility of thousands of non-government organizations to receive foreign aid in recent years, according to data from the ministry of home affairs, Government of India. The biggest cull came in 2019, when it removed 2,171 NGOs from the list of organizations eligible to receive funds from abroad. […]
