FE Bureau

Networking: Hyperlocal apps have arrived, but it’s not a good road

Whether one talks of Bumble Bizz, MeetUp, BlueTie, UActiv, Sofar Sounds or Betterhalf.ai, there always seems room for more social networking apps in the marketplace.

Networking, Hyperlocal apps, business model, Bumble Bizz, MeetUp, BlueTie, UActiv, Sofar Sounds, technology news

What multiplex chains are doing to grow in small towns

India also outdoes the US in terms of cinema admissions — in 2018, over three billion tickets were sold in India, while the US and Canada together saw only 1.3 billion ticket sales.

multiplex, multiplex chains, small towns, movies, FICCI-EY, entertainment news

Lenovo laptops can now be ‘made to order’

Lenovo’s smartphones (Motorola), tablets, PCs (ThinkPads, Yoga, Lenovo Legion) and workstations, as well as AR/VR devices and smart home/office solutions, are hugely popular in the Indian market.

Lenovo, Lenovo laptops, smartphones, Motorola, tablets, PCs, ThinkPads, Yoga, Lenovo Legion, technology news

Is work-life balance only a myth?

Many individuals, companies and even countries are espousing lesser work hours in favour of more productivity and better work-life balance.

work-life balance, Alibaba, Jack Ma, 996, work hours, Is working less better, lifestyle News

The UnPHOgetful culinary journey of Vietnam

Upon entering the dining area, the magnificent aromas are inviting. A rather long, swish bar facing the entrance in heterogeneous setup, with cocktail glasses hanging upside down on the front bar, awaits us.

UnPHOgetful culinary journey, Vietnam, southeast Asia, punchy flavours, sun-dappled rice terraces, lifestyle News

Farm crisis: The more govt intervenes, growth suffers, says NITI Aayog member Ramesh Chand

Ramesh Chand: Agriculture has been in focus for both positive and negative reasons. The sector provides livelihood to close to half of India’s population and it is very important for inclusive growth, which also matters for

idea exchange, Indian agriculture, indian government, NITI Aayog, Ramesh Chand, HARISH DAMODARAN, opinion News

From Benedict Cumberbatch to Robert Downey Jr, Global A-listers are now becoming faces of local brands

Similarly, last year, Japanese auto manufacturer Isuzu Motors roped in South African cricketing legend Jonty Rhodes to launch a lifestyle pick-up truck and a multi-utility vehicle in India.

foreign stars, desi brands, branding, Hector, Benedict Cumberbatch, Indian consumer, industry news

IL&FS panel to explore loan recast options

Under the Reserve Bank of India’s new prudential framework for stressed asset resolution, once a borrower is in default, lenders must undertake a “prima facie review” of the account within 30 days.

il&fs, nclt News

Silver lining: India’s current account deficit narrows sharply

Merchandise exports grew just 3.9% y-o-y in May, against 0.6% in April, while imports inched up by 4.3%

cat, net fpi, fii News

Airtel to shut down 3G network as it moves to 4G

The company on Friday became the first incumbent telecom operator to have shut down its 3G network in Kolkata.

bharti airtel, 4g network News

Sacking of IRS official: Calcutta HC sets aside CAT order

Over the last month, the government has used 56(j) to retire at least 27 revenue department officials who have been facing corruption cases

Calcutta High Court, cat News

Payment security mechanism for private power plants launched

Discoms’ dues to power producers stood at Rs 35,845 crore at the end of April, up 30% from a year earlier

power plants, power sector News

Revival Plan: Jet staff consortium, AdiGro to bid for 75% of airline

The Mumbai bench of NCLT on June 20 had admitted the insolvency petition of State Bank of India to sell Jet Airways.

jet airways, jet aviation News

JLR looking at partnerships, cost cutting: Tata Sons chief

In Q3FY19, Tata Motors posted the biggest quarterly loss of Rs 26,960 crore due to a one-time asset impairment in JLR.

tata motors, jlr, europe, uk News

Airtel Africa’s LSE listing gets muted response; worst in Europe this year

The company said the offer was over subscribed with strong interest from a variety of reputed global investors across the UK, US, Africa, Europe, Middle East and Asia.

airtel, artel africa News

CARE Ratings downgrades Sadbhav Infra’s Rohtak-Hissar Tollway

The company informed BSE that it has made the outstanding debt servicing payment to its lenders amounting to approximately Rs 6.5 crore and cleared its pending dues.

sensex, bse News

Reliance Infra, RPower shares tank after Yes Bank invokes 9 crore shares

Following the invocation of shares on Thursday, Reliance Infrastructure's holding in Reliance Power has come down to 29% from earlier 32.21%.

reliance group, reliance infrastructure News

Sterlite can’t be singled out, no grounds for closure: Vedanta

Vedanta on Friday said Sterlite Copper plant cannot be singled out for its closure when there were nearly 67 other industrial units, including three thermal plants, in the same industrial belt at Tuticorin. In his continuing

Sterlite Copper plant, vedanta News

NBFC share to promoter pledged shares half of total exposure in FY19

In FY17, the chart suggested NBFC share of total exposure at 30% against 35% for MFs.

mutual funds, rbi News

Recovery performance by asset reconstruction companies shows decline in recent years

For assets distributed based on security receipts origination dates, and reflecting SR recovery distribution of the top six ARCs, 2018 witnessed the lowest average recovery measured as a proportion of total SRs issued at 5.7%

rbi, arc News

RBI allows asset reconstruction companies to acquire financial assets from peers on cash basis

The Reserve Bank of India (RBI) on Friday permitted asset reconstruction companies (ARCs) to purchase financial assets from peers provided the transaction is on a cash basis.

rbi News

Cox & Kings default drags stock to all-time low

The stock has lost 78% since the beginning of the year.

cox and kings News

How NITI Aayog is planning to cut costs with a pan-India Bhavantar Scheme

While the target to double farmers income was set in 2015-16, the idea was to increase their income by an average of 10% annually.

niti aayog, bhavantar scgeme News

Tyre manufacturers urge Nirmala Sitharaman for zero duty rubber imports

The growing gap has made ATMA reiterate its demand for zero-duty rubber imports.

Economy News

Mahindra comes up with World of SUVs – premium vehicle showrooms

Over 300 World of SUVs set up in six months.

suv, mahindra and mahindra News

Honda Cars plans to redesign dealerships to provide better customer experience

Honda Cars implements new corporate identity for its dealer network.

honda, honda cars india. News

Ahead of Tokyo meet with Modi, Donald Trump says Indian tariffs unacceptable

Donald Trump’s latest tweet comes after US secretary of state Mike Pompeo on Wednesday said in New Delhi that “great friends are bound to have disagreements”.

pm modi, donald trump, india us ties News