Microsoft today launched LUMIA 640 LTE 4G device priced at Rs 17,399 with an aim to widen its portfolio in the mobile devices space under the LUMIA series.

The LUMIA smartphone with 4G capability, which comes with 13MP camera, 5.7 inch HD screen and Windows 8.1 operating system, would be available across India, Microsoft Mobile Devices, Director (Sales), South, T S Sridhar said.

Grocery segment in India is experiencing a boom currently. With many grocery delivery startups getting funded, eCommerce biggies are also entering the segment envisaging a promising future in this area.

Over the weekend, Flipkart launched Flipkart Nearby App for grocery delivery. This new service of Flipkart has been launched in select areas of Bangalore, such as Koramangala, HSR Layout, BTM Layout, Ejipura, Jayanagar, JP Nagar, and Bellandur.

Mumbai: The cost of Infosys Technologies Ltd equity options jumped to the highest level in 16 months, as investors look ahead to the Indian company’s quarterly earnings next week after its smaller competitor HCL Technologies Ltd issued a sales warning.

At-the-money option costs for Infosys, the nation’s second- most valuable software exporter, jumped to 42.04 as of 12:11 pm in Mumbai, poised for the highest level since May 2014 and a third day of gains. Infosys shares fell 2.2% to Rs.1,155.70 on Tuesday from a record high, and was the biggest drag by points on the 50-stock CNX Nifty Index.

New Delhi: The Indian information technology (IT) and services industry is set to more than double its revenue to touch $350 billion by 2025, riding on the global digital disruption due to rise of SMAC (social, mobility, analytics, cloud), the Internet of Things (IoT) and robotics, among other things, according to the new projection released by software lobby Nasscom based on research conducted by McKinsey and Co. on Monday.

Facebook Inc said it would launch a satellite in partnership with France’s Eutelsat Communications to bring Internet access to large parts of sub-Saharan Africa.

The satellite, part of Facebook’s Internet.org platform to expand internet access mainly via mobile phones, is under construction and will be launched in 2016, the companies said on Monday.

Tata Motors is negotiating with the governments of Andhra Pradesh, Tamil Nadu and Maharashtra for grant of stage carriage permits for its passenger carrier Magic, a 4 to 7- seater vehicle. If granted, the permit can be used for local transportation purposes.

With several other states, where the vehicle has been given the carriage permit on specific routes, the company is in talks with the authorities for expanding it to other routes.

We believe accelerated 3G/4G investments by Idea Cellular would hit operating margins in FY16/17 as the company strives to improve coverage/ quality of data services in key circles.

Also, there is an upside risk to capex intensity in the following years. We have cut our FY16-17E Ebitda by 1-7% as we lower margin assumption for FY17 by ~150 bps to 35.5%.

Shares of ITC are trading higher by 1% at Rs 333 on the BSE after the company decided to foray into the dairy segment with the launch of its new product Aashirvaad ghee this Diwali.

The company has plans to replicate the same success it achieved in the unorganised and commoditised atta segment with the Aashirvaad brand. Aashirvaad is a brand of staple food and kitchen ingredients owned by ITC and the range of products include Atta, Salt, Spices and Instant mixes.

Housing Finance and Development Corp (HDFC), India’s largest mortgage financier, has reduced home loan rates by 25 basis points to 9.65 per cent. The lender will offer an additional discount of five bps to women.

The new rates, applicable to both existing and new borrowers, are effective Tuesday.

Ashok Leyland continues to gain market share from rivals, with overall sales (commercial vehicles) in September growing at 61% year-on-year as against expectations of a 38% growth.

In the medium and heavy commercial vehicles (M&HCV) segment, its sales were up 83% year-on-year while Tata Motors reported a 53% jump and Volvo Eicher increased its volumes by 27%. Ashok Leyland’s market share in M&HCV has increased from 28.5% in FY15 to over 31% now, its highest level in over a decade.

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