Triggering a tariff war, Idea Cellular on Thursday slashed data charges by 90 per cent in eight circles, following Bharti Airtel and Vodafone, who recently cut their rates by similar margins in select circles.
Ola Electric's initial public offering (IPO), of Rs 5,500 crore, is essentially aimed at ensuring the company maintain its top position in the electric two-wheeler segment, with incumbent players TVS and Bajaj Auto giving a fight to the number one player in market share. Most experts and competitors say the amount being raised is in line with the investment required to expand the electric-vehicle (EV) business. There are two discernible trends in the competitive electric two-wheeler market.
Local and national SMS tariff has also been reduced by 75%
Some of the best fielding moments from the Royal Challengers Bengaluru vs Kolkata Knight Riders match on Friday, March 29, 2024.
In a major setback to the families of the June 1997 Uphaar theatre fire tragedy victims, the Supreme Court on Thursday nearly halved the compensation amount awarded to them by the Delhi high court and slashed punitive damages to be paid by cinema owners Ansal brothers from Rs.2.5 crore to Rs 25 lakh. A bench headed by Justice R V Raveendran reduced the amount of compensation from Rs 18 lakh to Rs 10 lakh to the families of deceased above 20 years of age.
The PSU announced a plan that will offer customers high speed (2 mbps) Internet access at a monthly rental of Rs 99 and 150 mb free download. Alternately, users can opt for a monthly rental scheme of Rs 149 with free download of 400 mb.
State-owned oil companies on Tuesday slashed jet fuel prices by over 3 per cent as an appreciating rupee made imports cheaper.
American brokerage Morgan Stanley on Thursday slashed its Sensex target for the next 12 months to 18,200, citing weakening macro fundamentals of the economy.
SlashSupport, an advanced technology support solutions provider, on Wednesday announced expansion of its offshore operations in India by opening its fourth centre in Chennai and hiring over 1,000 IT professionals in the next six months.
Most analysts have downgraded the stock of SBI Cards and Payments (SBI Card) as the credit card issuer posted weak results during the December quarter (Q3) of financial year 2023-24 (FY24). The sub-par show, analysts said, was for the eighth straight quarter. With this, they have slashed their earnings estimates by as much as 20 per cent over FY24-26 amid near-term pressure points in the company's growth outlook.
Samsung, Nokia and Sony are leading from the front in making smartphones and tablets afordable
Stating that the economic costs of shutdown of the global economy are accumulating rapidly, Moody's projected that all G-20 advanced economies would contract by 5.8 per cent in 2020.
The analysis revealed abrupt changes in temperatures occurring in late winter across north India.
Cash-rich IT giant Infosys slashed its exposure to liquid mutual funds by a whopping Rs 5,600 crore (over $1 billion) during the first quarter of 2013, as yields on such investments are expected to flatten.
The aim is to reduce working expense by about 15 per cent.
As per the revised structure, the ARN fees for NBFCs have seen the biggest decline of 80 per cent to Rs 100,000 (from Rs 500,000 earlier), while fees for proprietary firms have also been slashed considerably from Rs 10,000 to Rs 3,000.
The United Nations on Wednesday pared down India's growth forecast by 20 basis points to 5.8 per cent for 2023 calendar year, citing higher interest rates and risks of recession in the developed world weighing on investment and exports. "Economic growth in India is projected to moderate in 2023, with higher interest rates weighing on investment and slower global growth weakening exports," it said in its latest World Economic Situation and Prospects report. The report has projected global trade to contract 0.4 per cent and the world economy to grow at 1.9 per cent in 2023.
'We will have a strong exit as our third quarter is strong.'
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
Leaving direct taxes untouched, Finance Minister P Chidambaram today slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth.
The economic slowdown has seen an increase in cost-cutting measures. Tell us what is happening in your company.
Images from the T20 World Cup Super 8s Group 2 match between South Africa and England at Gros Islet, St Lucia, on Friday.
This was decided at a four-hour meeting of the Central Board of Trustees of EPF chaired by Labour Minister K Chandrashekhar Rao.
Disappointed over their base price in Monday's players' auction being slashed at the last minute, doubles specialists Jwala Gutta and Ashwini Ponnappa declared that the Indian Badminton League's decision was "disrespectful" and "absurd".
Moody's Investors Service on Friday slashed its estimate of India's GDP growth during the 2020 calendar year to 2.5 per cent from an earlier estimate of 5.3 per cent, on account of the rising economic cost of the coronavirus pandemic.
Reliance Infocomm on Friday drastically slashed mobile tariffs, reducing prepaid tariffs by about 60 per cent on Reliance IndiaMobile and offering virtually double the talktime available on competing prepaid services.
Canara Bank, the Bangalore-based public sector bank, has slashed interest rates on vehicle loans and home loans, which will be effective for all loans taken after August 1, 2009.
Kohli effected a superb direct hit at the bowler's end to end Shahrukh's stay in the middle.
Russian Prime Minister Vladimir Putin suffered a bad dent in his carefully groomed image as his ruling United Russia party returned to power with a sharply slashed majority, winning just 238 seats in the 450-strong sixth State Duma, the country's lower house of Parliament.
For the second time in as many months, the Government on Wednesday night cut petrol price by Rs 5 a litre and diesel by Rs 2 per litre, while the domestic LPG rate was also slashed by as much as Rs 25 per cylinder.
GSKAP takes care of all non-nutrition products whereas GSK Consumer Healthcare is a listed entity which deals only in nutritional products.
Congress general secretary (communications) Jairam Ramesh said three months before the five state elections, where the 'BJP is staring at certain defeat', and six months before the Lok Sabha elections, the BJP is literally clutching at straws.
Moody's on Monday slashed India's growth forecast for 2020 to 5.4 per cent from 6.6 per cent projected earlier, on slower than expected economic recovery. In its update on Global Macro Outlook, Moody's Investors Service said India's economy has decelerated rapidly over the last 2 years and economic recovery is likely to be 'shallow'.
This is in addition to earlier writedowns worth billions of dollars. Credit Sussie already slashed 1,800 jobs this year.
Canadian smartphone maker Blackberry on Tuesday slashed the prices of its latest handsets for existing enterprise customers.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
