Lava International, the mobile brand, said its revenue grew 23% to Rs 7,626 crore last year, bucking the general trend seen in Indian telecom handset brands. In addition, the company saw strong growth in sales in the last three months, it said. The total handsets shipped by the company in the three months from July […]
The head of the Unique Identity Authority of India has urged the public to write down the purpose and date when they submit photocopies of their Aaadhar cards to exchange currency notes to prevent misuse. “Photocopies of the Aadhaar letter are being submitted by the general public to banks. We urge them to clearly indicate […]
Axis Bank, one of India’s top two private banks, has cut its lending rates by 0.15 percentage points in the wake of the ongoing currency exchange program. With this, the bank’s ‘marginal cost-based lending rate’ has been reduced to 9.05% for one year and 9.15% for three years. The change will come into effect from […]
Anil Ambani Group’s Reliance Communications has seen a sharp fall in its subscriber numbers after the migration of its CDMA network to LTE. According to the latest numbers released by the company, the total number of voice customers fell by 11.6% in the three months from June to September. Voice revenue fell 8.3% from the […]
Razorpay, a payment processing company, announced eCOD, a new service that lets customers pay for deliveries after the delivery is actually made. Unlike other recent offerings like Wallet on Delivery etc, Razorpay has built in support for UPI — which means that you can pay directly from your bank account without using any wallet. UPI, […]
Snapdeal-owned Freecharge said it is now signing up a new merchant every 30 seconds, possibly a result of the cash-related problems faced by consumers and businesses alike. The company had recently removed sign up charges for merchants and waived fund transfer charges as well. It also offered quick sign-ups as well. “This unbeatable offer led […]
Keeping the volatile market conditions in mind, said Vodafone, there would be no initial public offering of its Indian units’ shares this year. Vodafone said it intends to proceed with an IPO of Vodafone India as soon as market conditions allow. “We do not expect this to take place during the current financial year,” it […]
Vodafone Group has taken an impairment charge of 5.0 billion euros — equivalent to Rs 36,540 cr, due to the increased competition in the Indian market after the launch of Reliance Jio. “A new entrant has recently launched free trial services for an extended time period and commercial price plans that were at a significant […]
Noble Skiodo, a new-age TV brand that sells exclusively via Amazon, has launched one of the cheapest 40-inch smart TVs in India. The 42SM40P01 Full-HD LED TV will be priced at Rs 24,999 and comes with a Cortex A7 Dual Core CPU running on android Kitkat 4.4. The television also has 1GB DDR4 RAM along […]
Reliance Group on Tuesday launched its Internet-of-Things offering Unlimit. IoT is jargon for a connected world in which appliances and equipment are connected to the Internet and managed remotely. Reliance Communications had announced an IoT partnership Jasper Technologies, later taken over by Cisco Systems Inc, last year. Separately, the company said it will soon add […]
Anil Ambani Group’s Reliance Communications is all set to make a ‘major announcement’ in Mumbai tomorrow, the company said in an invite for journalists. Though the exact nature of the announcement was not revealed, it is being suggested that the company is likely to unveil something related to its ongoing merger with Aircel Cellular, even though the invite sounds […]
Karnataka-based public sector bank Canara Bank said 75% of its ATMs have been supplied with cash and are up and working. The statement comes in the wake of widespread difficulty for people to access money via ATMs under the ongoing currency swap. India derecognized 500 and 1000 rupee notes in an effort to get everyone […]
Viviana Mall, one of the leading retail malls in Mumbai Metropolitan Region, said the bookstore Crosswors has opened its 1800 sq ft store in the mall. Crossword currently has 94 stores (50 own stores and 44 Franchised stores) spread in different cities across India. It is a wholly owned subsidiary of Shopper’s Stop Ltd. Apart from […]
As the e-commercial sector is facing issues with the money demonetization, the E- payment platform MobiKwik and Freecharge have forward with methods that can be helpful for the e- tailers. Mobikwik said it will offer ‘MobiKwik on delivery’ option for e-tailers to replace ‘Cash on Delivery’ and overcome the challenges being faced by the phasing […]
Oxigen, one of India’s oldest wallet payment system, said the load value on Oxigen Wallet prepaid visa cards have increased by 4 times in the last two days. It said people seem to be switching to prepaid cards to make payments in the wake of demonetization of high-denomination currency notes. “The daily average number of […]
Amazon, one of India’s top two online retailers, sent out a teaser today with a promise that Amazon Prime Video is coming soon to India. Prime video is a service like Netflix that streams TV shows, films and other content. The service was launched in the United States ten years ago. At present, Amazon Video […]
Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability. “The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of the company’s turnover and the […]
FMCG company Uflex said it launched new pouche for liquids like ghee or clarified butter for long shelf life. The pouch with sonically sealed spout has been offered to Paras Dairy for packing it’s ghee. Uflex, founded in 1983, is India’s largest end-to-end flexible packaging company. Jeevaraj Pillai, Joint President, Packaging and New Product Development, […]
Youtuber Gaurav Chaudhary, who goes by the name of Technical Guruji, has set off a minor storm in the gadget reviewer circles by accusing many of his peers of passing on paid reviews for the real thing. Chaudhary dons the mantle of the whistleblower and warns his fellow reviewers and Youtubers not to cheat their audience […]
Nikon India said it launched a new DSLR camera –Nikon D5600. The DX-format D-SLR is equipped with a vari-angle LCD monitor that flips out and rotates, touch screen operation enhanced with crop function for use use in playback zoom, frame advance bar for users to scroll through images in playback mode easily, time-lapse movie function, […]
