India's National Airliner- Air India's disinvestment process has been on the radar for some time as the debt-laden has no bidders to put their neck into the infamous national carrier.
Flipkart owned digital payments start-up had overtaken paytm to become the largest consumer payments company in the country in terms of total payment volume(TPV). The Bangaluru based firm had hit $20 billion in TPV annual run rate, making it the largest player in terms of transaction value. Phonepe had also crossed 100-million user mark. “That is what we believe based on the understanding we have... we are the largest consumer payments [company] in the country today,” said Rahul Chari, co-founder and chief technology officer of PhonePe.
Jun 5, 2018
IndiGo brings back the fuel surcharge due to the rising of oil prices and aviation turbine fuel (ATF). The surcharge will be applicable on domestic trips and it will be effective from the midnight of May 29, 2018. Passengers will be levied Rupees 200 on routes less than 1,000 km and Rupees 400 for routes longer than 1,000 km. Aviation experts say that it is possible that other airlines may follow the decision. IndiGo.
May 30, 2018
India's cotton exportation is likely to jump nearly 30 percent. There is an increase in the global prices and rupee is weaker, which made to boost the overseas demand and four-year high of 7.5 million bale. Each bale contains 170 kg of cotton. The Indian rupee has fallen more than 6 percent in 2018, this lead Indian cotton cheaper for overseas buyers. India has exported 6.3 million bales so far in the marketing year. According to data compiled by the state-run textile commissioner's office, India shipped 5.82 million bales of cotton overseas last marketing year.
May 25, 2018
The Brahmagiri Development Society in Wayanad planning to open 1000 outlets in Kerala to extend its production throughout the state. The society is focusing to increase the income by over three times in the next financial year. The Brahmagiri Development Society is an initiative to help farmers to self-sufficiency through Meat production. In 2017-18 fiscal BDS earned around Rs 16 crore, more than 80% growth from the previous year. The Kerala government allotted Rs 10 crore to increase its meat production facility in the last budget.
May 15, 2018
"India is absolutely core market, now, in near future and next decade, Uber's success is hardcoded to India's success. We are doubling down on our investments in India like never before", Barney Harford, Chief Operating Officer 'Uber', who is on a visit to India. 'Uber' services have established their network in most of the Indian Cities, India is one of the top three markets for Uber in the world.
Apr 19, 2018
Surging demand for UV driving Cars in India: sales at a record. The demand for the Utility Vehicles like passenger cars increased nearly into 21% to more than 9.21 lakh units during March & April. According to the data released by the Society of Indian Automobile Manufacturers (SIAM), this growth of domestic passenger vehicles cumulatively stood at 32.87 lakhs during the last year.
Apr 11, 2018
Royal Enfield makers of the "Bullet" motorcycles from "Eicher" Motors are soon to showcase its flagship 650 cc cylinder bike, a challenge to the Harley Davidson, Triumph and Ducati, This will be an offer to cover the 2.5 million Royal Enfield Bullet motorcycle owners in India. Locally manufactured 650cc bike to be available soon and aggressively priced, this is a new segment of the market. Mr. Sidharth Lal, MD, and CEO if EICHER Motors said that this is a new phase of the history of Royal Enfield, twin cylinder bike developed by the company.
Dec 5, 2017