Archive for Industry
Airtel Could Launch Branded 4G Smartphones at Rs. 4,000 to Counter Reliance Jio
To counter Reliance Jio's bid to capture the 4G services market with low cost bundled handsets, telecom major Bharti Airtel is planning to launch Airtel branded smartphones for Rs 4,000…
Air India begins process to sell Rs 250-crore worth of asset in 3 cities
NEW DELHI: After a delay of over two years, Air India is seeing some movement on the asset monetisation plan with the civil aviation ministry sending a Cabinet note on…
Reliance sells diesel to Indian Railways, first time in a decade
Reliance Industries Ltd, controlled by India's richest man, has started selling diesel to the state railways for the first time since 2005/06 after pricing of the fuel was freed, a…
Hindustan Coca Cola Beverages Pvt. Ltd. Wins the Golden Peacock Award
Hyderabad, India Hindustan Coca Cola Beverages Pvt. Ltd. has been awarded the Golden Peacock Award 2015 under the Occupational Health & Safety category. This award is in recognition of the…
Strong Economic Growth in India to Revive Steel Demand: Moody’s
New Delhi: Rating agency Moody's today projected an increase in demand for steel in India on the back of strong economic growth and revival of infrastructure spending. The global firm…
Uber chooses Hyderabad as India hub, to invest $50 million over 5 years
NEW DELHI: Online taxi-hailing company Uber has committed $50 million (Rs 317 crore) over 5 years for a centre it is establishing in Hyderabad to train its drivers and customer…
RIL chairman Mukesh Ambani gets 205 times company’s median salary
Mukesh Ambani, the richest Indian and Reliance Industries (RIL) chairman and MD, has not taken a pay hike for seven years, but his pay package is over 205 times that…
Ratan Tata lauds ‘Digital India’, launches net initiative for women
Digital India: Tata Trusts, chaired by Ratan Tata, has tied up with Google and Intel to help women access the Internet in large numbers under this initiative. A digitally connected…
Airbus, Mahindra JV to Make Helicopters in India
New Delhi: European major Airbus has teamed up with diversified Mahindra Group to establish a joint venture for manufacturing helicopters for the Indian Armed Forces. The joint venture between Airbus…
Airbus to build military choppers in India with Mahindra
NEW DELHI: Europe's Airbus Group and India's Mahindra Group have struck a deal to build helicopters jointly as they bid to win an expected wave of orders from the country's…
Diamonds, fashion, e-tail and taxis: Now, Ratan Tata invests in Ola Cabs
Ratan Tata, chairman emeritus of India's Tata conglomerate, has now bought stake in online taxi-hailing firm Ola, marking his 10th investment in the last one year. Tata, a respected business…
HSBC manufacturing PMI shrinks in June, job strain stays
India's manufacturing sector eased in June due to weak growth in new business inflows as companies took a cautious line on hiring, an HSBC survey said on Wednesday. The HSBC…