Thursday , 17 October 2019
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Tata Motors global sales decline 32% to hit 72,624 units in August

PTI New Delhi Tata Motors on Wednesday reported a 32 per cent decline in global sales, including that of Jaguar Land Rover, to 72,464 units in August. It had sold 1,07,030 units in August last year. Global wholesale units of all Tata Motors’ commercial vehicles and Tata Daewoo range last month stood at 25,366 units, down 45 per cent from …

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Airtel launches ‘Xstream Fibre’ with 1Gbps speed for Rs 999 a month

PTI New Delhi Bharti Airtel on Wednesday launched its broadband offering, ‘Airtel Xstream Fibre’ promising 1Gbps speed for Rs 3,999 a month, raising the competitive heat in a market that has recently seen commercial roll-out of Jio’s fibre based services. “Starting today (on Wednesday), Airtel Xstream Fibre is available to Homes, SOHO (Small Office Home Office) and small commercial establishments …

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Apple does a Jio with TV+, content subscription at Rs 99 per month

IANS Cupertino (California) With over 1.4 billion active installed base of devices globally and millions in India – iPhones, iPads, Apple TV, Macs, iPod touch and more – Apple has finally flexed its muscles to take on content streaming giants like Netflix, HBO, Amazon Prime and Disney with aggressive pricing, free offers and all-original stories. The announcement of a much …

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Govt plans to complete spectrum auction by Nov-end: sources

IANS New Delhi The Department of Telecom plans to conclude spectrum auction by November 30 and the inter-ministerial panel, Digital Communications Commission, will meet after the third week of September to finalise the spectrum auction prices which are expected to be what the TRAI has recommended, highly placed sources said. There may not be any new set of prices of …

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Govt will respond to auto sector demands: Nirmala

UNI Chennai Union Finance Minister  Nirmala Sitharaman on Tuesday said the government will respond to demands of the auto sector, facing the worst ever downward trend in sales. Addressing a press conference here on 100 days of Bold Initiatives and Decisive Actions’ of the BJP-led Government headed by Prime Minister Narendra Modi, she said the government was conscious about it …

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Aramco says ready for two-stage IPO, timing up to govt

AFP Abu Dhabi Saudi energy giant Aramco is ready for a two-stage IPO but the timing is up to the government, its chief executive said Tuesday, flagging a possible foreign listing as part of the offering. Aramco is “ready” for the giant stock market debut but the timing is a “government decision”, Amin Nasser told reporters on the sidelines of …

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ABB India, NITTTR set up digital simulation lab

PTI New Delhi Swiss power major ABB India on Tuesday announced the company and the National Institute of Technical Teachers Training and Research (NITTTR) have set up a digital simulation lab in Chandigarh. The first-of-its-kind multi-physics ‘Simulation Center of Excellence’ (SCoE) in the country will enhance skill development for critical electro-mechanical equipment design and manufacturing, catalysing ‘Make in India’ for …

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RBI external benchmark for bank loans credit negative: Moody’s

IANS Mumbai  Moody’s Investor Service on Tuesday said the RBI’s mandate on aligning commercial bank floating loan rates to the external benchmark from next month is credit negative for Indian banks. “Currently, banks’ floating rate loans are benchmarked to the Marginal Cost of Funds-based Lending Rates (MCLR). With changes in lending rates aligned to changes in the cost of funding, …

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SBI reduces MCLR, fixed deposit rates

IANS Mumbai The State Bank of India (SBI) here on Monday announced reduction in the marginal cost of lending rate (MCLR), the fifth in FY20, for loans across tenors. The country’s largest bank will reduce interest rates by 10 basis points (bps) across tenors with effect from September 10. Now the one-year MCLR will come down to 8.15 per cent …

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India Post Payments Bank unveils Aadhaar-linked service

IANS New Delhi India Post Payments Bank (IPPB) has announced launch of the Aadhaar-enabled payment services (AePS) for unbanked and under-banked people and said it has made 1 crore customers within one year of operations. Speaking at the first IPPB anniversary celebrations here on Monday, Union IT and Communications Minister Ravi Shankar Prasad said the bank, which achieved the 1-crore-customer …

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