Daimler arm drives into used CV segment
Firm to restart second shift at plant Daimler India Commercial Vehicles Pvt. Ltd. (DICV), the maker of BharatBenz trucks and buses, has entered the used commercial vehicle (CV) segment with … Read More
Category: Industries
ATF price hiked 3%; no change in LPG, petrol, diesel rates
Aviation turbine fuel (ATF) rates went up by ₹1,304.25 per kilolitre or 3% in the national capital to ₹43,932.53 per kl, according to a price notification of state-owned oil companies … Read More
Young adults, add-on policies drive growth for Star Health
Premiums from younger age group have risen 40-50%: Roy Star Health and Allied Insurance Co. Ltd. has seen growth in premium collection — driven by young adults and customers signing … Read More
Passenger vehicle sales dip 38% in June as COVID-19 continues to impact offtake: FADA
Two-wheeler sales declined 40.92% to 7,90,118 units last month as compared with 13,37,462 units in June 2019. Passenger vehicle retail sales in June fell 38.34% to 1,26,417 units as compared … Read More
De-densification, expansion plans may lead to recovery of office sector by 2021: Colliers India
Occupiers also stated that only up to 30% of their workforce will return to the office in a phased manner over the next two to three months Some 38% of … Read More
Carlyle to acquire about 25% stake in Airtel’s Nxtra Data
This will peg the enterprise valuation of Nxtra at USD 1.2 billion The Carlyle Group will acquire about 25% stake in Airtel’s data centre business, Nxtra Data, for USD 235 … Read More
TRAI advocates domestic manufacturing of telecom equipment, bats for digital sovereignty
TRAI chief stressed on the need to promote domestic manufacturers of hardware, signalling equipment, fibre and other equipment. Telecom regulator TRAI on Monday strongly advocated domestic manufacturing of telecom equipment … Read More
Supreme Court must allow American energy to flourish, it's not the time to roll the dice
Energy markets on coronavirus ‘probably most dangerous trade’ to be seen: Oil analyst Phil Flynn of the Price Futures Group on oil trading down amid the coronavirus. Amidst one of … Read More
‘NRIs from Gulf show appetite for home purchases in India’
Capital appreciation, an attraction: Godrej Properties CMO Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region are seen investing in real estate in India despite the global economic scenario … Read More
Tata Power to sell ships for $212.76 million
The objective of the transaction is to have an asset-light model for the shipping requirements of the company and the sale proceeds will be used towards reducing the debt as … Read More