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Mobile wallet major MobiKwik has integrated its wallet into Samsung Pay Mini, a mobile payment platform focussed on Samsung’s budget and mid-range phones. Samsung Pay Mini is designed to cater to the unique requirements of Indian mid-segment consumers.The tie-up will enable one-tap payments at more than 1.4 million MobiKwik-powered merchants pan-India. Alternatively, users just need […]

As many as 12 strategic pacts envisaging investments worth $4.3 billion were signed between Indian and Israeli companies at the first meeting of CEO forum in Tel Aviv today, according to Ficci. “The forum identified and stressed on the need to realise opportunities in focus sectors identified during the first meeting of CEOs forum. There […]

AirAsia India aims to scale up to a fleet of 20 planes by September-October and commence international operations thereafter, its CEO Amar Abrol said on Tuesday. Any domestic airline with a fleet size of at least 20 aircraft will be eligible for international operations under India’s aviation policy. AirAsia India currently has a fleet of […]

Union government and French Development Agency (Agence Francaise de Developpement, AFD), a public financial institution in France, signed a memorandum of understanding to implement Rs 534-crore drinking water supply project. AFD will provide a loan of Rs 455 crore to the Puducherry government, which will mobilize its contribution of Rs 79 crore for the project. […]

Whirlpool India, a subsidiary of Whirlpool Cooperation, seeks to invest Rs 200 crore in the next three years in technological innovations. It also plans to increase its production capacity. The company has two refrigeration plants at Faridabad and Pune and a washing machine plant in Puducherry. The company is also seeking to expand its footprints […]

DECKS have been cleared for the construction of Dhirubhai Ambani Aerospace Park at Nagpur’s MIHAN SEZ, with the ground-breaking ceremony for the project likely to take place in the last week of July or first week of August. On Monday, the Union Ministry of Commerce granted approval to the company as co-developer of the park. […]

PI Industries is planning to expand its pesticides capacity from 8,593.2 tpa to 44,240 tpa at Sarod, Jambusar taluka, in Bharuch district of Gujarat. The project worth Rs 207 crore has received terms of reference (ToR) and is awaiting environmental clearance.Work on the project is expected to commence by October 2017. http://www.projectstoday.com/News/Work-on-PI-Industries-Sarod-project-to-begin-by-Oct-2017

Lords Distillery will commence work on its molasses-based distillery project by November 2017. The company is planning to set up a molasses / grain-based distillery unit with a capacity of 120 klpd at Hakimpur village, Nandganj, in Ghazipur district of Uttar Pradesh.The project worth Rs 150 crore will spread over 6.48 ha of land. The […]

Swedish fastfashion giant Hennes & Mauritz (H&M) will start online operations in India by next year in a bid to close the gap with Spanish rival Zara. Earlier this year, Zara’s parent Inditex had announced that it will start selling online in India by the end of 2017 to tap into the country’s booming e-commerce […]

Bharti Infratel, the country’s sole listed telecom tower company, said Vodafone India-Idea Cellular merger will lead to a short-term rationalisation in tenancies, but a broader consolidation with the sector moving to a 4-5 operator scenario will be positive for tower operators. The “Vodafone-Idea merger, once it fructifies, will inevitably lead to short-term and one-time rationalisation […]