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The government may put on hold its recent notification advancing the date of levying duties on imported electronic components under a Make In India plan after handset makers with domestic manufacturing and assembling facilities protested that these levies would increase the cost of locally manufactured mobile phones, making it cheaper to import them and effectively […]

Retail captives in India, belonging to global retailers such as Target, Rakuten, Lowe’s and JC Penney, grew in the double-digit range in FY18, as retailers continued to move work in-house. In the last financial year, IT companies faced a slowdown in their retail business, as companies cut their outsourcing spend and moved work in-house in […]

Meenakshi Group, a diversified player based in Hyderabad, has announced the creation of a $10-million fund, ‘Meenakshi Multiples’, to invest in promising start-ups. Meenakshi Multiples announced its first investment by picking up a six per cent equity in Hyderabad-based co-working venture ‘iKeva’ for an undisclosed sum.

Rajasthan-based RUJ Group has announced its foray into the hospital space. Announcing plans for a 150-bed multi-super-specialty hospital in Jaipur. RUJ Hospitals Pvt Ltd would invest Rs. 150- 200 crore over the next two years for the hospital. The hospital, which will be ready in two years, will provide specialty healthcare services, including critical care, CTVS, […]

Indian Oil and Gail are still evaluating plans to invest in a Rs 6,000-crore liquefied natural gas (LNG) import terminal being developed by the Adani Group in Odisha. The plan was announced in 2016, the Adani Group had agreed to give away half of equity stake in the LNG terminal to Indian Oil and Gail. […]

Private sector lender Yes Bank has partnered with Government of Maharashtra to onboard PDS shops which are popularly referred to as ration shops onto the electronic PDS initiative through which they can become agents of the bank. Under the partnership, Yes Bank will empower more than 20,000 ration shops which can offer last mile basic […]

Mukesh Ambani-owned Reliance Industries has received a go ahead from the Competition Commission of India (CCI) to acquire majority stakes in two of India’s largest cable operators – DEN Networks and Hathway Cable & Datacom. RIL informed stock exchanges that it has received approval from the CCI on January 21 for the acquisition.

Tata Power Co. is seeking to set up electric vehicle chargers in the Indian capital, a company as one of the most polluted cities on earth plans an ambitious push toward cleaner vehicles. Tata Power Delhi Distribution Ltd., which supplies electricity to 1.64 million consumers in Delhi, has written to the local government saying it […]

Circuit-S’ that’s the name of the new electric air-conditioned city bus to be made operational for Ahmedabad BRT and subsequently for AMTS. It will be the country’s first electric bus with a ‘battery swap’ technology — which means that after a 35km circular route run of ‘RTO to RTO’ on a single charge, the electric […]

Japanese auto major Nissan Motor Co it will launch its electric car Leaf in India this year as it seeks to take the lead in electric vehicles (EV) drive in the country. The company is also looking at other eco-friendly technologies such as its e-Power vehicles and hybrids for the country.