Paytm mall to offer accidental damage cover to smartphones

Paytm Mall today said it will offer smartphone buyers 'Mobile Protection Plan' to safeguard their devices against accidental damages. This plan will offer year-long coverage against accidental damage including screen...

Infosys Rs 13,000 cr buyback to open on Nov 30

India's second largest IT company Infosys  said its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. Outlining the buyback dates in a regulatory filing,...

Sebi bans Swarnabhumi Agritech India, directors from markets.

New Delhi, Nov 17 (PTI) Regulator Sebi has banned Swarnabhumi Agritech India Ltd and its four directors from the securities market for at least four years and has directed...

USFDA issues waring letter to Lupin’s Goa, Indore plants

USFDA issues waring letter to Lupin's Goa, Indore plants The US Food and Drug Administration (FDA) has issued a warning letter to Lupin for violation of current good manufaturing practice...

Amway asked to remove two of its products from sales

Global direct selling major Amway has been asked to remove two of its products from sales by the apex consumer commission, which also slapped a fine of 1 lakh rupees on it for allegedly wrongly branding its products. The National Consumer Disputes Redressal Commission (NCDRC) asked Amway India Enterprises Pvt Ltd to remove Amway Madrid Safed Musli (Apple) and Kohinoor Ginger Garlic Paste from the market within six weeks.

All eyes on RCom’s tower & fiber optic businesses

Leading telcom companies and PE funds interested in mobile tower and the fibre optic assets of Reliance Communication (RCom) that are up for sale. RCom, debt of 40,000 crore, able to garner 17,000 crore by monitising its tower, fiber and spectrum assests and 10,000 crore from sales of Real Estate.It has also suggested that the bankers convert around 7,100 crore of their loans into equity by which they would have a 51% stake in RCom.

Bajaj Auto's Eric Vas sees market share reaching 23-25% by March

In domestic market, with around 19 percent it headed towards 23-25 percent because we have done very well over this season. We had tremendous retailing in excess of what we have invoiced to dealers good momentum going into the third quarter. We need to look what the industry is like but I do expect our market to be around 25 percent. On the back of Pulsar NS200 and NS160 doing very well.

Maruti Suzuki may aim for 2.5 million car sales by 2023

Maruti Suzuki would look to achieve annual sales of 2.5 million cars by 2023 once it achieves the milestone of 2 million cars per year by 2020, Chairman RC Bhargava. Maruti Suzuki, a 56.21 percent subsidiary of Japan’s Suzuki Motor Corporation, sold 1.56 million vehicles (domestic plus export) in the last financial year. During the first seven months (April-October) of the FY18, India’s largest passenger carmaker sold 1,033,135 vehicles

Airtel updates Rs 349 plan; offers 1.5GB per day validity of 28 days

Airtel is offering 1.5GB per day data with unlimited local, STD calls and 3000 text message.However, Reliance Jio is still offering a validity of 70 days with unlimited calls and text messages. Airtel calls are capped at 250 minutes a day or 1000 minutes a week  beyond this  a levy of 10p per min for Airtel to Airtel calls and 30p per min for other network.The offer can be availed by using Airtel's application.

Biyani is looking to take FMCG revenues from Rs 1,800 crore to Rs 20,000...

Biyani said that his group looking FMCG revenues from Rs 1,800 crore to Rs 20,000 crore by 2021 and 70 per cent of FMCG sales will come from his own brands.Future Consumer Limited India’s first sourcing-to-supermarket food company by Future Group. Under FCL’s spectrum, the company sources best quality commodities from world over, comprises of extensive portfolio of established brands in food and HPC space.

Twenty Two Motors aims to sell 50,000 electric scooters after its launch

Gurgaon-based electric vehicle startup showcased its electric scooter named ‘Flow’ to be launched in the Auto Expo 2018, aims to sell 50,000 units in the first year. “We are confident. The charging anxiety is not there can remove the scooter battery and charge out from 5 Ampere socket. The scooter goes up to 80 km on a single charge have to charge only twice or thrice in a month," said Kharb, Co-Founder & CEO

Torrent to acquire Unichem’s India, Nepal businesses for Rs 3,600 crore

Torrent's fifth acquisition in India after acquiring the selected brands of Elder and Novartis, as well as manufacturing plants from ZygPharma and Glochem Industries Ltd. in the last four years. Unichem's India business comprises of a portfolio of more than 120 brands in India and Nepal, manufacturing plant at Sikkim catering to these markets and all the employees engaged in the said business.