Hyundai Motor India on Tuesday launched an automatic variant of its premium hatchback Elite i20 priced at Rs 9.01 lakh (ex-showroom Delhi). The new variant comes with 1.4 litre petrol engine with four speed automatic transmission besides additional safety features like six airbags, speed sensing auto door lock and height adjustable front seat belts. “The Hyundai i20 is super performer Read More

Wholesale inflation soared to a two-year high of 3.74 per cent in August mainly on account of uptick in prices of pulses and some manufactured items, prompting the industry to step up its demand for structural reforms to deal with the price situation. Experts, however, attributed the rise in WPI inflation during the month to low base effect saying it Read More

Earlier this month, the Indian arm of the $52.5-billion Walt Disney Company announced it was giving up on the Indian film business. “Given the challenges with the current economic model for investing in the local film industry, we intend to shift the focus of our film strategy to driving our Hollywood movie slate in India,” a Disney India spokesperson said. Read More

Thomas Flohr (above, centre) is nothing like what I expected. After reading a piece on him and his multi-million-dollar Swiss home in St Moritz in a New York Times supplement, I had expected to meet a flamboyant, flashy, real-life James Bond, enmeshed in a life of women, fast cars and fancy airplanes. We are meeting for tea, but there’s no Read More

Among the many factors influencing the way real estate is developed, transacted and used in India, there are five big major emerging trends that have both real-time and long-term significance. Co-working spaces finding favour With the growing start-up ecosystem across India and the central government creating an enabling environment for entrepreneurship, demand for office spaces matching such firms’ requirements has Read More

Tata Group will reach out more to consumers and tap digital opportunity to build upon the ‘foundation inherited’ by the company for the next 150 years, Tata Sons chairman Cyrus Mistry has said. Ratan Tata was deeply involved in promoting a technology-oriented culture in the group. “The group chief technology officer’s role is to evangelise innovation within different group companies; Read More

Anil Ambani-led Reliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s 4th-biggest mobile phone operator with asset base of more than Rs 65,000 crore (Rs 650 billion). In the largest consolidation in the country’s telecom sector, RCom and Aircel’s majority owner, Malaysia’s Maxis Communications Berhad (MCB), announced signing of definitive documents Read More

The Bombay high court, on Tuesday, asked Mumbai-based firm SGI Commex, which claims to have won the auction of Vijay Mallya’s luxury jet, to file an affidavit in response to a petition filed by Mumbai International Airport Ltd (MIAL), seeking taxes and hangar charges of Rs 3.95 crore. The aircraft is at present parked at Mumbai Airport and MIAL is Read More

Employees in India are getting ready for automated workplace as 63 per cent of workforce believes that machines will replace people for repetitive work. According to a study by ADP, a leader in Human Capital solutions, nearly two thirds (63 per cent) of employees in India believe automation, smart machines and artificial intelligence will replace people for repetitive work, and Read More

West Bengal Chief Minister Mamata Banerjee, on Tuesday, handed over land ‘parchas’ and cheques to the farmers in Singur even as she sent messages to firms saying any company willing to set up auto firm in the state is “welcome”. Handing over parchas and cheques following a Supreme Court order in this regard, Banerjee, who had steered the massive agitation Read More