Industry

Housing sales bookings of top 9 listed realty firms up 2% at nearly Rs 5,800 crore

The first three quarters of fiscal 2020 indicate that the overall sales bookings of the top 9 developers was close to Rs 16,500 crore as against Rs 15,730 crore during the corresponding period of the previous year.
Industry News

Samsung vs Apple: As iPhone maker faces Coronavirus heat, Korean giant’s Vietnam move pays off

Since starting phone production in Vietnam in 2009, Samsung has aggressively boosted output through cheaper labor and generous government incentives. A number of South Korean suppliers followed suit,

Industry News

Coronavirus outbreak likely to dent Apple’s growth; iPhone maker set to miss its Q4 revenue target

The company said that despite missing its guidance, all of its manufacturing sites for iPhones in the region have reopened. In addition to iPhone constraints, the company cited its inability to sell p

Industry News

Red Bull sold one can for almost every person on Earth in 2019

Its latest results mean the Fuschl, Austria-based company sold on average more than 20 million cans of the namesake soda every day of 2019.

Industry News

Jeff Bezos pledges $10 billion to fight climate change

Last year, Bezos pledged to make online retailer Amazon net carbon neutral by 2040 - the first major corporation to announce such a goal - and to buy 100,000 electric delivery vehicles from U.S. vehic

Industry News

Threat looming over 3,000-MW solar plant: Crisil

Solar developers have the option of procuring modules from elsewhere, but that would be costlier by around 15-20%, hurting returns by about three percentage points.

solar power, solar plants, solar energy, solar News

Another blow to Huawei; Trump administration mulls blockade of chip supplies from Taiwan’s TSMC

The United States placed Huawei on a blacklist in May last year, citing national security concerns. That forced some U.S. and foreign companies to seek special licenses from the Commerce Department to

Industry News

In The Red: Oyo global losses rise to $335 million due to costly China expansion

The firm said it has over 43,000 asset partners and claims to have hosted over 180 million guests from more than 120 nationalities between January-December 2019.

Revenues stood at about $211 million in FY18, the company said. News

JSW acquires GMR’s 1,050 MW Odisha power unit in Rs 5,321 crore deal

Sector experts pointed out that JSW, with its strong balance sheet, is seen to reduce borrowing costs and improve the cost economics of the plant.

jsw, jsw energy News

Immunity Clause: Boost for JSW Steel as NCLAT says BPSL assets protected

Of JSW Steel's Rs 19,700 crore offer, lenders will get Rs 19,350 crore or 41% of their exposure and the rest will go to the operational creditors.

The NCLAT ruling, though prone to challenge in the Supreme Court, also bolsters the case that the new Section has retrospective validity; the BPSL insolvency process began way back in July 2017. News

Dispute over AGR dues: Vodafone Idea closer to default; DoT-telcos’ litigation to rise

Telcos hope to complete the exercise before March 17, the next date of the SC’s hearing; the DoT will naturally challenge these.

Another possible dispute could arise out of the Tdsat’s review of the dues of PSUs. News

Amazon Prime Video to focus on content in regional languages

Last month, Amazon founder & CEO Jeff Bezos, who was on a visit to India, said Prime Video will double down on its investments in the country.

Prime Video that has an Indian library comprising nine regional languages (including Hindi) is also experimenting with a couple of more local languages, Subramaniam said. News

Domestic air passenger traffic grows marginally at 2.2% y-o-y in January: DGCA

IndiGo's market share stood at 47.9% during the month, while SpiceJet's market share inched up to 16.6%, compared with 14.9% during 2019.

Last year, growth had remained muted even during the holiday season, which typically sees a pick-up. News

CGD authorisation: Supreme Court dismisses appeals of Adani Gas, IMC

The Board, however, disqualified Torrent Gas in respect of the reasonableness of its quote for Medchal, Rangareddy and Vikarabad districts and awarded LoI to Megha Engineering & Infrastructure.

A Bench led by Justice DY Chandrachud dismissed the appeals filed by Adani Gas and IMC, holding that the assessment of the reasonability of the bid was a matter solely between the highest bidder and the Board. News

Govt to address all structural issues in new national textile policy

Addressing the representatives of 48 textile associations at Coimbatore recently, Capoor said the Centre would look into all the structural issues in its new national textile policy that might be anno

Capoor also strongly advised the sector to grab opportunity of diversifying into polyester segment to boost exports. News

Reliance Industries to merge media, distribution businesses into Network18

The combined broadband entity will serve one million wireline broadband subscribers across the country.

ril, reliance industries News

Uber, Delhi Police integrate apps for live tracking of passenger ride

Delhi Police Commissioner Amulya Patnaik said that the integration with enhanced location services and travel information will help save lives.

Industry News

Singapore tells Facebook to block ‘anti-government website’

Singapore has reported 77 cases of the virus, which has killed hundreds and infected tens of thousands in China. The website is run by Alex Tan, who says he is an Australian citizen based overseas.

Industry News

Airtel, Vodafone Idea make part-payment of AGR dues after SC rap for missing deadline

A financial bank guarantee is equal to two quarters of licence fee and other dues.

airtel, vodafone idea News

AGR dues: FM Sitharaman says Telecom department actively engaging with Vodafone, Airtel Idea

The Supreme Court on Friday rejected a plea by telecom firms including Bharti Airtel and Vodafone Idea Ltd for extension in the payment schedule and asked them to deposit an estimated Rs 1.47 lakh cro

Industry News

RBI gets Rs 1.94 lakh crore bids for maiden Rs 25,000 crore LTRO

Deploying an out-of-the-box tool to ensure permanent and deeper liquidity in the system, which hovers over Rs 2.5 lakh crore on a daily basis now, the Reserve Bank on February 6, had announced Rs 1 la

Banking & Finance News

RFL case: Delhi court dismisses bail plea of ex-Fortis Healthcare promoter Malvinder

Malvinder had earlier told the court that he has paid back the money to the 14 entities through which he had received it.

rfl, rfl case News

Nearly 33,000 first-time entrepreneurs set-up these many small businesses in past five years in India

Ease of Doing Business for MSMEs: According to the MSME Ministry’s 2019 annual report, out of 6.33 crore MSMEs in India, only 0.05 lakh are medium enterprises while 3.31 lakh are small and 6.30 cror

Industry News

Want to chat with your friends in Whatsapp at dark mode? Here’s what you may do

The new method will allow tabled users as well as Android smartphone users to adjust dark mode in their WhatsApp.

whatsapp, whatsapp technology News
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