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Hyundai Motor picks up stake in car-sharing company Revvf

Hyundai Motor picks up stake in car-sharing company Revvf

South Korean auto major Hyundai Motor Company has acquired a stake in Indian self-drive car-sharing company Revv for an undisclosed sum. Hyundai’s investments in India’s car-sharing platform follows similar investments made earlier during the year by Ford as well Mahindra & Mahindra in Zoomcar. M&M had invested close to Rs 175 crore for a significant minority stake in Zoomcar.

1.55 crore wireless telecom subscribers added in June: TRAI

1.55 crore wireless telecom subscribers added in June: TRAI

Telecom companies added around 1.55 crore wireless subscribers in the country in June, data from the Telecom Regulatory Authority of India (TRAI) showed on Monday. Accordingly, the total wireless subscription base in the country rose to around 114.65 crore from 113.10 crore in May.

Maruti Suzuki aims to reclaim number 1 spot with new Ciaz

Maruti Suzuki aims to reclaim number 1 spot with new Ciaz

BENGALURU: Maruti Suzuki on Monday launched the new Ciaz with an aim to wrest back the No.1 spot in the country’s mid-size sedan segment.

Taking the price-value equation to the next level, the company priced the new car aggressively at Rs 8.19-10.97 lakh exshowroom pan-India. The new Ciaz is cheaper by Rs 50,000-2.5 lakh to the Honda City and Rs 1-2 lakh to the Hyundai Verna.

BSNL net subscriber addition highest in FY18: Chairman

BSNL net subscriber addition highest in FY18: Chairman

NEW DELHI: State-owned telco Bharat Sanchar Nigam (BSNL) has claimed it has outperformed private sector rivals such as Bharti Airtel, Vodafone India and Idea Cellular in net subscriber additions in 2017-18, and plans to build on the gains by spending Rs 4,300 crore for network expansion in this fiscal year.

Paytm launches its own AI cloud for India

Paytm launches its own AI cloud for India

Bengaluru: One97 Communications, the parent entity of Paytm has announced the launch of its AI Cloud computing platform “Paytm AI Cloud for India” for developers, startups and enterprises. The platform is mainly aimed at offering business-centric apps for organizations that need high-quality solutions for cloud computing, automate their workflow, easy payments, messaging and customer engagement without the hassle of managing hardware and software.

No work emails between 6 pm and 8 am: Amazon India boss tells employees

No work emails between 6 pm and 8 am: Amazon India boss tells employees

The head of Amazon India's business has reportedly asked his employees to get a life - quite literally. In an email, which was leaked and accessed by news agency Bloomberg, Amit Agarwal has told his team to stop responding to emails or work calls between 6 pm and 8 am.

FSSAI to test Dabur, Zandu, Patanjali honey brands

FSSAI to test Dabur, Zandu, Patanjali honey brands

Food regulator Food Safety and Standards Authority of India (FSSAI) has ordered testing of the popular brands of honey, including Dabur, Zandu and Patanjali, for authenticity.

This comes in the backdrop of growing concern among the public that the honey sold in the market could be adulterated with corn syrup or sugar syrup.

SBI charges for non-maintenance of minimum balance unfair: Report

SBI charges for non-maintenance of minimum balance unfair: Report

The State Bank of India’s (SBI’s) charges for the non-maintenance of minimum balance were unreasonable, a report by a professor at the Indian Institute of Technology-Bombay has said.

The SBI started charging fees for non-maintenance of minimum balance from April 2017, after a gap of five years, the monthly fees ranged between Rs 20 and Rs 100 till September 2017 and were later slashed in October last year.

Uncertainty ahead? Coal importers keep close watch on events abroad

Uncertainty ahead? Coal importers keep close watch on events abroad

India’s metal and power producers could be up for uncertain times. Between now and 2019, the raw material sourcing teams for these companies will keep a close eye on the changing geopolitical picture of at least three countries — Indonesia, Australia and Mozambique. The first two prepare for elections and one is facing unrest.

TRAI CONSULTATION SOON ON TRAFFIC MANAGEMENT PRACTICES FOR NET NEUTRALITY

TRAI CONSULTATION SOON ON TRAFFIC MANAGEMENT PRACTICES FOR NET NEUTRALITY

The telecom regulator will soon start consultation to recommend a framework for traffic management practices as well as structure and nuances of a multi-stakeholder body outlined in the net neutrality principles, according to a senior TRAI official.

The discussion paper to tackle the twin aspects is likely to be brought out in about a month’s time, and the Telecom Regulatory Authority of India (TRAI) intends to follow the consultative process before finalising its views on the issue, the official said.

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