Dominance-abuse plea against BMW rejected
The Competition Commission of India has dismissed allegations that BMW India abused its dominant position related to replacement of tyres of luxury cars sold to customers. A complaint had alleged that BMW India abused its dominant position by forcing a 'run-flat tyre technology' on its customers and had misused the same to market an insurance policy through its subsidiary BMW India Financial Services. According to the complainant, these actions by BMW India had adversely affected the competition to sell insurance for cars.
L&T Construction bags orders worth R2,935 cr
L&T construction won new orders worth R2,935 crore across various business segments in February and March 2014. In the transportation infrastructure business, new orders worth R1,035 crore were won while the buildings and factories business bagged orders worth R562 crore. The water and renewable energy business secured orders worth R553 crore while the power transmission and distribution business won new orders worth R502 crore in domestic and international markets.
HCL Tech, UK co ink deal for payment solutions
Indiaís fourth-largest software services exporter will help UK-based government firm Student Loans Company (SLC) offer lending and payment services. HCL Great Britain, a subsidiary of HCL Technologies, will work with financial advisory services firm Deloitte and banking and management solutions provider Misys to provide an utomated, secure and streamlined customer experience across multiple channels, including digital.
Nokia launches Android smartphone X for R8,599
Finnish handset giant Nokia has launched its much-awaited Android-based smartphone 'X' in India for R8,599, aimed at protecting its turf in the fiercely competitive market. The company had announced the 'Nokia X' family of affordable smartphones, which run Google's Android apps, at the Mobile World Congress in Barcelona last month.The company had then said Nokia X+ is expected to be priced at 99 euros (about R8,400), Nokia XL at 109 euros (about R9,200) and Nokia X at 89 euros (about R7,500). It said it will bring X+ and XL to the Indian market in the next 60 days.
Uninor aims 100% growth in internet business
Telecom operator Uninor, Indian arm of Norwegian telecom firm Telenor, has said it expects to double its 2G mobile Internet business by end of this year with low-cost plans starting at 50 paise per hour. "We are now expanding strategy of Uninor from voice to Internet service. Also, we are moving out of volume-based Internet offering to service based. With news plans we are looking