Eyeing opportunities in the fast growing Indian telecom sector, Chinese vendor Huawei on Tuesday announced an investment of $2 billion (about Rs 9,000 crore) in the next five years to set up an R&D centre, local manufacturing and other activities.
Women are increasingly getting active in shopping online by prominently buying lifestyle and electronic items.
E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019. The pandemic has accelerated the shift to e-commerce, with more consumers shopping online at a higher frequency than last year, observed analysts. This year's festival sales (gross merchandise value or GMV) are expected to grow 30 per cent year-on-year (YoY) to $4.8 billion during the first week of the season and potentially clock over $9-billion GMV during the whole festival month, revealed consulting firm RedSeer's e-commerce festival season report.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
Experts say Tier-II and Tier-III cities and smaller towns have a role to play in growth in smartphone sales. Mritunjay Kapur, managing director, Protiviti Consulting, said, "There is definitely a market in Tier-II, Tier-III and Tier-IV towns. Smartphones are fast becoming important as a business communication tool. This is especially true for sales people, and 'fleet-on-the-street'," he said.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
With the cricket World Cup mood building up, bookies and punters across India have taken their positions. Sources involved in betting, who did not want to be identified, fearing police action, estimate a turnover of about Rs 10,000 crore (Rs 100 billion).
The newly-appointed chairman of State Bank of India (SBI) Dinesh Khara on Wednesday said maintaining quality loan book, safety of employees and customers will remain his top most priorities. Khara, who took charge on Wednesday, said the bank will continue to strive for even better customer experience.
IMD expects day temperatures to remain above-normal in select regions across the country between March and May 2021.
GE Healthcare has already filed five global patents for its design.
Indian banks would require additional Rs 8 lakh crore to meet the minimum capital adequacy under Basel III norms, ratings agency Crisil has said.
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
The airline is operating the flight AI-9801 with a 70-seater Canadian Regional Jet aircraft, which on Tuesday had an occupancy of 50 from Delhi.
Amid news that the company was planning to scale down its online marketplace business and eventually exit it, Paytm Mall is targeting Rs 10,000 crore in business over the next 12 months, says Karan Choudhury.
Mandaviya said this is the second phase of the Emergency Response and Health System Preparedness Package as the Central government had given Rs 15,000 crore earlier for setting up Covid-dedicated hospitals and health centres across the country.
A positive trend of recruitment was witnessed in smaller towns and mini-metros during the April-June period of 2011 on the back of increased hiring in sectors such as engineering and manufacturing, says a survey.
IT and BPO companies are looking at tier II locations in the country to support global delivery.
A Northern California-based aerospace company has unveiled the smallest drone yet that can carry weapons behind enemy lines.
Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown.
Crisil reaffirmed its 'AAA' rating, which reflects the highest degree of safety with regard to timely payment of financial obligations, on the bank's Upper Tier II bonds, Tier I Perpetual bonds and bonds/debentures. Crisil expects the bank's market position to remain strong despite moderating advances growth, because of the 580 new branches it is likely to add in 2009-10, and its wide presence across segments.
Kellogg claims to have cornered 70 per cent market share of the breakfast cereals market in value terms.
The company currently has slightly less than 3,000 people in India.
Kolkata excels in business performance with employee headcount and number of engineering students doubling in the last five years.
The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year
Good command of written and spoken English will become one of the most sought after qualities in the Indian manager of the future.
Full-fledged operations will soon start in Trivandrum, Coimbatore, Vijaywada, Vishakapatnam, Lucknow, Jaipur, Ludhiana, Chandigarh, Patna, Siliguri, Rajkot and Surat. Medybiz' current network across 10 cities include Mumbai, Delhi, Bangalore, Kolkata, Chennai and Ahmedabad said a release.
The real estate portal stated that it conducted a nationwide online survey christened 'Realty Trends 2010' for metros and Tier II cities across the country, which saw participation from over 4,800 property seekers.
Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
They want FSI to be in line with export benefits for the sale of residential properties to NRIs and foreigners.
World's largest ice cream chain Baskin Robbins is planning to enter tier II and tier III cities as part of its expansion.
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
AirAsia India, which started operations on June 12 2014, had a market share of 6.2 per cent of the domestic traffic in April.
'It is critical that the Covid curve does not have a fat tail and the chain is broken quickly.'
Effects of the new schemes launched under the Pradhan Mantri Awas Yojana would be felt more in tier-II and tier-III cities, as not many budget or affordable housing projects are in the works in metropolitan cities.
No major relief for airlines from the Budget.
Solar-powered phones, triple SIMs - tech-savvy citizens in rural India want it all, and are receiving it, too, from domestic brands.
United States-based quick service restaurant chain Domino's Pizza on Thursday said share of India in its global revenue would increase substantially in the near future and that the country would become one of its top five revenue garners within three years.
Interim pension regulator PFRDA will launch from December this year its savings scheme, which aims to give greater returns on the deposits, and can be withdrawn fully.
US car maker Ford on Tuesday said it will phase out its hatchback 'Fusion' from the Indian market, as it gets ready to launch the small car 'Figo' next month.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
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