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Flipkart Claims Billion Hits, Buyers Feel Cheated On Discounts

Flipkart Claims Billion Hits, Buyers Feel Cheated On Discounts

BANGALORE – India’s largest e-retailer Flipkart claimed to have got a billion hits for its special sales offer, but millions of buyers felt cheated on its discounts, as they alleged the prices quoted were higher, even as its portal crashed during the day.
“The prices printed in its advertisements in leading newspapers on many electronic products [...]

October 12th, 2014 | Posted in Business | Read More »

India To Top Global Remittances With $71 Billion This Year

India To Top Global Remittances With $71 Billion This Year

NEW DELHI – India will retain its top spot with $71 billion in remittances this year as remittances to developing countries are expected to reach $435 billion, an increase of five per cent over 2013, the World Bank has said.
In its latest issue of the Migration and Development Brief, the World Bank said on Monday [...]

October 12th, 2014 | Posted in Business | Read More »

India’s Business Confidence Up Sharply Under New Government

India’s Business Confidence Up Sharply Under New Government

NEW DELHI – India Inc has shown uptick in business confidence post the formation of Narendra Modi-led government with key industry surveys showing marked improvement in investor perception during the July-September quarter.
While the survey by industry body Ficci showed business confidence at a 15-quarter high, the CII poll indicated a sharp improvement in business confidence.
The [...]

October 12th, 2014 | Posted in Business | Read More »

Tatas Tie Up With US Aerospace Powerhouse Honeywell To Make Defence Navigators In India

Tatas Tie Up With US Aerospace Powerhouse Honeywell To Make Defence Navigators In India

NEW DELHI – Honeywell India announced that Honeywell Aerospace has signed a deal with Tata Power Strategic Engineering Division (SED) to manufacture the U.S company’s “TALIN” navigator in India.
“Honeywell Aerospace has signed a licensing agreement with Tata Power’s Strategic Engineering Division (SED), enabling it to produce Honeywell’s Tactical Advanced Land Inertial Navigator, or ‘TALIN’ in [...]

October 4th, 2014 | Posted in Business | Read More »

India’s Software Technology Exports Rising 8 To 10% Annually

India’s Software Technology Exports Rising 8 To 10% Annually

NEW DELHI – India’s exports from the Software Technology Parks (STP) across India are rising at a pace of 8 to 10% annually and would further increase in the upcoming years as the industry spreads across the country, a senior sector official said.
“There are huge software technology markets across the world and India’s export prospect [...]

October 4th, 2014 | Posted in Business | Read More »

Reliance Capital To Launch More India Funds Abroad

Reliance Capital To Launch More India Funds Abroad

NEW YORK -  Anil Ambani-led Reliance Group’s financial services arm Reliance Capital Asset Management Company (RCAM) said it will consider launching more India-focused funds in foreign markets.
The announcement was made by RCAM chief executive Sundeep Sikka, who is here to participate in the India Investment Forum held on the occasion of Prime Minister Narendra Modi’s [...]

October 4th, 2014 | Posted in Business | Read More »

Reliance Power Calls Off Rs. 12,000 Crore Deal With Jaypee Group

Reliance Power Calls Off Rs. 12,000 Crore Deal With Jaypee Group

NEW DELHI – Citing regulatory uncertainties, Anil Ambani-led Reliance Power on Wednesday called off a deal with Jaiprakash Power Ventures Ltd (JPVL) to buy the latter’s entire hydel power portfolio. Considered as the largest in India’s infrastructure sector, the deal was valued at close to Rs. 12,000 crore.
The projects have an operating capacity of 1,791 [...]

September 27th, 2014 | Posted in Business | Read More »

Modi To Hold Talks With Over 15 Top US Corporate Honchos

Modi To Hold Talks With Over 15 Top US Corporate Honchos

NEW DELHI – In a power-packed business meeting schedule in the US, Prime Minister Narendra Modi will hold talks with over 15 top American corporate honchos, including top executives of Google, Boeing and General Electric, as India looks to attract more overseas investments.
Modi, who will be on a five-day visit to the US from September [...]

September 27th, 2014 | Posted in Business | Read More »

Daimler Unveils Self-Driving Truck, Likely On Roads In 10 Years

Daimler Unveils Self-Driving Truck, Likely On Roads In 10 Years

HANNOVER – German commercial vehicles major Daimler AG has unveiled the concept of its self-driving truck ‘Mercedes-Benz Future Truck 2025′ that is capable of operating without assistance from drivers on highways.
The autonomous truck equipped with radar sensors and camera technology is built on Highway Pilot system that resembles the autopilot system on an aircraft.
The truck [...]

September 27th, 2014 | Posted in Business | Read More »

India Home To 100 Billionaires, Ranking It 6th On The Global List

India Home To 100 Billionaires, Ranking It 6th On The Global List

NEW DELHI – India has retained its sixth position in terms of number of billionaires with 100 such people collectively having $175 billion in networth, while globally the number of uber-rich has reached a record high of 2,325 persons.
According to the Wealth-X and UBS Billionaire Census 2014, released on Wednesday, though the number of billionaires [...]

September 25th, 2014 | Posted in Business, International, Top News | Read More »