India News

Tata Motors global sales decline 12 per cent

PUNE: Tata Motors reported a 12 per cent fall in its global sales, including its British luxury car brand Jaguar Land Rover at 100,572 units.

The firm, which sells popular models like Tata Harrier and Tata Nexon, has sold a total of 1,14,797 units in the same month last year, the company said.

Paytm’s latest punch: Vijay Shekhar Sharma explains why cashbacks make sense

Even as we continue to see immense competition among mobile wallets with each vying for greater market share, Paytm’s Vijay Shekhar Sharma says that cashbacks work to retain customers. According to Vijay Shekhar Sharma, offering cashbacks makes the “customer pull out phone and try the product once.” Notably, Vijay Shekhar Sharma’s response came after UTV Group founder Ronnie Screwvala tweeted that he received a Rs 75 cashback after spending Rs 210 for a ice-cream. “At the airport and paying a single scoop of ice cream for Rs 210.

Govt tells BSNL to look at options, including closure

NEW DELHI: The government has asked struggling state-owned telco BSNL to look at all options, from a revival plan to disinvestment and even closure, as it looks to tackle the bleeding at India's largest loss-making PSU.

The direction to the company - which had accumulated losses of Rs 31,287 crore at the end of 2017-18 - was given following a meeting of top BSNL officials with telecom secretary Aruna Sundararajan, sources told TOI.

From a prized jewel to a fallen star: The collapse of RCom

NEW DELHI: The collapse of Reliance Communications(RCom) marks a complete fall in flamboyant Anil Ambani's fortune as the 'prized family jewel' - that he inherited as part of a family settlement with elder brother Mukesh - comes to haunt him nearly 15 years after the Ambanis' mega expansion into the telecom business.

While Anil always viewed the telecom business as the next frontier for growth, after losing the lucrative oil and gas operations in the family settlement, heavy investments and stiff competition made it an uphill task for him to realise his dreams.

Infosys sets up digital innovation centre in Providence, US

NEW DELHI: India's second-largest IT services firm Infosys has set up a digital innovation and design centre in Providence, US, and said it has hired over 100 people in the state of Rhode Island.

This hiring is part of its target of creating 500 jobs in the state by 2022, Infosys has said in a statement.

Sensex rises over 150 points on easing inflation, positive global cues

The benchmark Sensex gained over 150 points in early trade on Wednesday, snapping its four-session losing streak, on the back of positive macroeconomic data and better-than-expected earnings by some bluechip companies, amid positive global cues.

The 30-share barometer was trading higher by 169.36 points, or 0.47%, at 36,322.97. The gauge had lost over 720 points in the previous four days. The NSE Nifty too climbed 29.20 points, to 10,860.60. Barring teck, all the sectoral indices, led by realty, FMCG, power and bankex, gained up to 1.50 %.

RIL, ONGC natural gas prices to be raised by 10%; here’s how much it will cost from April

In a boost to firms like ONGC and Reliance Industries, the government is likely to raise the price of domestically produced natural gas by over 10 per cent to over USD 3.72 per million British thermal unit with effect from April 1, sources in know of the development said. The price of gas produced from difficult fields will rise to about USD 9 per million British thermal unit (mmBtu) from current USD 7.67, they said. This will be the fourth straight increase in gas prices.