Weeks ahead of the impending India launch of iPhone 7 and 7 Plus, Apple has slashed prices of the previous generation handsets — iPhone 6S and 6S Plus — by up to Rs 22,000. The iPhone 7 and iPhone 7 Plus, launched earlier this month in the US, are slated to hit the Indian market from October 7, with prices Read More

Carmakers have launched more than a dozen vehicles in the past year but not everyone has been able to get the pricing right. Pricing strategy is becoming trickier as the market gets crowded with more car models. The first major pricing error was made by market leader Maruti Suzuki when it launched its first crossover the S Cross last August. Read More

The world’s fastest-growing economy, on course to become the world’s third largest by 2030 with a gross domestic product (GDP) of $7.3 trillion, India, continues to trail smaller South Asian neighbours – in some instances, Pakistan and Bangladesh – on several social indicators. India’s per capita GDP of $5,238 in 2013 was 65 per cent lower than Iran, 54 per Read More

Close on the heels of surge pricing in premier trains like Rajdhani and Shatabdi express, Humsafar trains are set to be launched next month with fares that would be about 20 per cent higher than the normal Mail and Express services. Announced by Railway Minister Suresh Prabhu during the presentation of the Rail Budget 2016-17, Humsafar, a special class service Read More

Six months ago, Future Group Chief Executive Kishore Biyani was in a different frame of mind when it came to online ventures. The 55-year-old businessman, best-known for kicking off India’s modern retail revolution a decade ago, had just acquired e-tailer Fabfurnish and was putting his blueprint in place on how he proposed to move forward. His plan, he said, was Read More

Amid the debate about whether the rupee should be depreciated sharply to benefit exporters, currency market participants are not sure it will boost India’s prospects of cornering a larger slice of the global market. However, the underlying message to the Reserve Bank of India (RBI) could be to lower rates. A low interest rate makes the country less attractive for Read More

India’s two leading software services companies, TCS and Infosys, have announced their first-quarter results for the current financial year. The results indicate that they are cruising along at a pace commensurate with a global economic environment that continues to be sluggish and problematic. This challenge has been made a little more daunting with the addition of two new uncertainties. Foremost Read More

A fresh row has broken out between the Big Three telecom operators and Reliance Jio over number portability. Jio has written to Telecom Regulatory Authority of India (Trai) that the three leading telcos – Airtel, Vodafone and Idea – are preventing consumers from shifting to Jio. In a letter to Trai chairman R S Sharma, dated September 14, Jio said: Read More

India has slipped by 10 positions to 112th, out of 159 countries and territories, as it “fared badly” across categories including legal system and regulation, according to the Economic Freedom of the World: 2016 Annual Report. Although China, Bangladesh and Pakistan lagged behind India at 113th, 121st and 133th ranks respectively, Bhutan (78), Nepal (108) and Sri Lanka (111) were Read More

The government has slashed prices of 10 more drugs while bringing eight new medicines, including paracetamol, under price control for the first time in its bid to cap cost of over 800 plus formulations to make them affordable. Drug price regulator NPPA has reduced the prices of ten drugs, including of anti-coagulant enoxaparin and anti- epilepsy drug carbamazepine, in the Read More