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Maruti to shift manufacturing of Swift from Haryana to Gujarat

Maruti to shift manufacturing of Swift from Haryana to Gujarat

NEW DELHI: Maruti's parent Suzuki will be exclusively manufacturing the next-generation Swift at its plant in Gujarat for sale in India and abroad, the shift happening after nearly 13 years of manufacturing in Haryana.

The Gujarat plant, which started production in 2016, currently manufactures Baleno that is retailed through Maruti's premium retail channel Nexa.

Triple talaq bill a tactic to punish Muslim men: Asaduddin Owaisi

Triple talaq bill a tactic to punish Muslim men: Asaduddin Owaisi

AURANGABAD: The triple talaq bill is a conspiracy against Muslims and a move to punish men from the community, AIMIM president Asaduddin Owaisi has alleged.

A committee was constituted to look into the row over the film "Padmaavat" but no such step was taken on the triple talaq issue, said the Lok Sabha member from Hyderabad as he launched a scathing attack against the Centre.

Android 8.1 can now display Wi-Fi speeds before connecting

Android 8.1 can now display Wi-Fi speeds before connecting

Oreo was a bit of a lackluster update on first launch, but the mobile operating system is getting some nice new tricks with 8.1’s updates. The new Speed Labels feature is one of the more compelling of the bunch, offering estimated network signals prior to logging on.

Starting this week, users with 8.1 installed will see one of four qualifiers next to open Wi-Fi networks: Very Fast, Fast, OK and Slow. Pretty straightforward, that.

Donald Trump’s solar module tariff barrier may help India’s green economy

Donald Trump’s solar module tariff barrier may help India’s green economy

New Delhi: India’s solar power sector may benefit from the US President Donald Trump’s decision on Monday to levy tariff on imported solar panels.

In what will impact Chinese module manufacturers, Trump whose presidential campaign and term has been built around growing American manufacturing, imposed a 30% tariff on imported solar cells and module in the first year, with the duties declining to 15% in the fourth year.

What Idea Cellular took 17 years to achieve, Reliance Jio did in 16 months

What Idea Cellular took 17 years to achieve, Reliance Jio did in 16 months

It’s been only 16 months since Reliance Jio Infocomm Ltd launched commercial operations, but it may have already overtaken Idea Cellular Ltd on revenue. The new entrant reported revenue of Rs6,879 crore for the December quarter. In comparison, Idea Cellular is expected to report revenue of around Rs6,700 crore, based on consensus Street estimates.

Nifty breaches 11,000 mark, Sensex at new high on fund inflows

Nifty breaches 11,000 mark, Sensex at new high on fund inflows

The NSE Nifty crossed the historical 11,000 level for the first time while the BSE Sensex hit another record high of 35,957.99 in opening trade after a rally in metal, oil & gas and IT stocks.

Uninterrupted foreign fund inflows amid strong corporate earnings and positive global leads drove the benchmark indices to fresh life time highs.

West Indies to host 2018 Women’s World T20

West Indies to host 2018 Women’s World T20

The 2018 edition of the Women’s World T20 will be hosted by Antigua and Barbuda, Guyana and St Lucia from November 9-24, the ICC has announced.

Hosts Windies will defend the title they won with an eight-wicket victory over Australia in Kolkata in 2016.

Wi-Fi in flights: Internet connectivity may cost you Rs 500 for 30 minutes

Wi-Fi in flights: Internet connectivity may cost you Rs 500 for 30 minutes

If all goes by plan, then you can soon use internet in the flight but that might cost you around Rs 500 for 30 minutes and Rs 1,000 for an hour.

According to the recommendations of Telecom Regulatory Authority of India (TRAI) for In-Flight Connectivity (IFC) allowing internet and mobile services for passengers during air travel, airlines have been considering introducing the facility.

Indian Oil gains 4% on bonus issue proposal

Indian Oil gains 4% on bonus issue proposal

Indian Oil Corporation (IOC) was up 4% to Rs 399 on BSE in intra-day trade on Tuesday after the company announced the board may consider issue of bonus shares in its forthcoming meeting on January 30, 2018.

This is further to our letter dated 17th January, 2018 notifying that a board meeting of the Company is scheduled on Tuesday, the 30th January, 2018, to consider and approve the unaudited financial results of the company for the third quarter ended 31st December, 2017.

Maintain ‘Neutral’ on ITC with target price of Rs 278

Maintain ‘Neutral’ on ITC with target price of Rs 278

EBITDA rose 10.1% y-o-y to Rs 39 billion, while adjusted PAT increased 6.5% y-o-y to Rs 28.2 billion. Cigarette volume decline is likely to have been 2%. Calculated cigarette revenue grew 14% y-o-y, while cigarette EBIT increased 8% (410bp contraction in margin). There has been no price increase over the last three-four months, unlike the previous years, when ITC used to increase prices ahead of the budget. FMCG – Others’ sales were up 12.2% y-o-y to Rs 28.7 billion, with EBIT profit of Rs 470 million v/s Rs 197 million loss in 3QFY17, led by enhanced scale, mix and cost efficiencies.

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