Industry Archives

TVS, Rapido sign MoU to deepen commercial mobility ecosystem

TVS Motor Company announced a strategic partnership with Rapido to collaborate by leveraging synergies of their respective businesses in the fast-moving mobility market in India. TVS Motor Company announced a strategic partnership with Rapido, the on-demand delivery and mobility platform today by signing a Memorandum of Understanding (MoU). As part of the MoU, TVS and …

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April 27, 2022
2332
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Maruti Suzuki Alto and Swift popular choices for pre-owned cars: CarzSo survey

A survey by CarzSo revealed that the Maruti Suzuki Alto and the Swift were popular choices in the pre-owned car segment, especially in Tier 2 & 3 markets. The pre-owned car market is witnessing a massive surge in demand and is rising on an exponential growth trajectory. Fuelled by affordability, availability and a growing need …

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Express Mobility Industry News

April 27, 2022
1686
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Puravankara sales bookings rise in FY22, focuses on new launches and investments

Bengaluru-based Puravankara (earlier known as Puravankara Projects) is moving towards putting its legacy issues behind. The company has been successful in bringing down its ready stock of residential units by 67% in the last two years, its sales volume from under-construction projects have increased by 51% in the year ended March 2022 and net debt …

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Industry

April 27, 2022
1590
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Production-linked incentive: Steel PLI application deadline likely to be extended, again

The deadline for submission of applications under the Rs 6,322-crore production-linked incentive (PLI) scheme for speciality steel is likely to be extended by a month till May 30. Several modifications under the scheme to include sub-categories and small players have necessitated extension of the deadline, sources said. The steel ministry has already had a round …

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Industry PLI PLI scheme Steel Steel industry

April 27, 2022
533
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Finance Minister Nirmala Sitharaman calls on US semiconductor makers to invest in India

Finance minister Nirmala Sitharaman has called on American semiconductor firms AMD, Western Digital and Micron Tech to boost investments in India, taking advantage of a Rs 76,000-crore production-linked incentive (PLI) scheme that was announced recently to woo large chip makers. In a meeting in San Francisco with top executives of semiconductor firms, Sitharaman highlighted opportunities …

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Industry Nirmala Sitharaman Semiconductor

April 27, 2022
522
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Global financial institution BNY Mellon opens new office in Chennai

Global financial institution BNY Mellon on Tuesday opened a new, state-of-the-art office at Embassy Splendid TechZone in Chennai. Spread across 10 floors, the 760,000-sq ft space will be the single-largest facility for the company in India, with the capacity to accommodate more than 4,000 employees. This takes BNY Mellon’s total footprint across India to more …

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BNY Mellon Industry

April 27, 2022
466
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Hotel sector likely to see 45% jump in revenues this fiscal: Crisil report

The country’s hotel sector is set for a rebound as the sector’s revenues are expected to jump by 45% in the current financial year, after hitting a decadal low last year. With the anticipated growth, the revenues will be almost on a par with the pre-pandemic levels of financial year 2020. The rebound in revenues …

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hospitality Hospitality News Industry

April 27, 2022
476
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19 firms file applications under PLI scheme for white goods in 2nd round

As many as 19 companies, including LG Electronics and Wipro, have filed applications with proposed investments of Rs 1,548 crore to avail benefits under the production linked incentive scheme for white goods in the second round, the commerce and industry ministry said on Tuesday, The government in March reopened the application window for its Rs …

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Industry LG PLI PLI scheme Wipro

April 26, 2022
447
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Smaaash will grow from 22 stores to 50 stores in next 6 months: CEO Shirish Kotmire | INTERVIEW

Gaming and entertainment center operator Smaaash, after having to shut down its business during the first Covid wave, has come back stronger than ever and will grow from its current 22 stores to 50 centres in the next 6 months. “Our expansion strategies are a mix of metros and smaller cities. We will grow from …

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Entertainment Gaming Industry

April 26, 2022
361
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One Moto partners with Royal Sundaram for Insurance services

One-Moto India has announced partnering with Royal Sundaram General Insurance Co. Limited (Royal Sundaram) for the issuance of insurance policies to its customers for EVs at the point of dealerships. The EV startup recently announced its association with Global Assure to provide easy Roadside Assistance Services across India. The brand’s tie-up with Royal Sundaram General …

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Electric vehicles Express Mobility Industry News Vehicles

April 26, 2022
386
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TVS, Rapido sign MoU to deepen commercial mobility ecosystem

Maruti Suzuki Alto and Swift popular choices for pre-owned cars: CarzSo survey

Puravankara sales bookings rise in FY22, focuses on new launches and investments

Production-linked incentive: Steel PLI application deadline likely to be extended, again

Finance Minister Nirmala Sitharaman calls on US semiconductor makers to invest in India

Global financial institution BNY Mellon opens new office in Chennai

Hotel sector likely to see 45% jump in revenues this fiscal: Crisil report

19 firms file applications under PLI scheme for white goods in 2nd round

Smaaash will grow from 22 stores to 50 stores in next 6 months: CEO Shirish Kotmire | INTERVIEW

One Moto partners with Royal Sundaram for Insurance services

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