Triumph to launch pre-owned vehicle sales in India in October

BRITISH premium motorcycle maker Triumph Motorcycles expects its sales to grow by 20 per cent in India in 2020-21. In October, the two wheeler maker will launch the pre-owned vehicles programme in the country. In order to overcome the slowdown in the premium motorcycle segment due to the pandemic, the company plans to launch new […]

‘Local TikTok’ in India crosses 30 million downloads

THE company behind a homegrown short-video sharing platform in India, rival to TikTok, said its social app crossed 30 million downloads in just three months. Chingari, which allows people to record and share short video clips, in a statement said it has also added augmented reality (AR) filters on its platform to give content creators […]

Ikea’s second global centre in Asia to come up in Bangalore

SWEDISH furniture giant Ikea is all set to open its second global operations centre in Asia in India’s tech city Bangalore.  It has such a centre in Shanghai, China. Ingka Group, which handles retail operations of the firm, has said that the facility will operate within the areas of global business operations (GBO), digital, and […]

Tata to construct India’s new parliament building worth £90m

By Pramod Thomas TATA-group company is all set to build India’s new parliament building worth £90m, which will replace the existing colonial-era complex by 2022. Tata Projects has won the bid to build the complex in the heart of the national capital, Delhi. The country targets to open the new building when India celebrates 75 […]

Indian minister moots FTA with UK, considers huge import of scotch whiskey

PROPOSING a bilateral free trade agreement, Indian commerce minister Piyush Goyal has said India was open to importing scotch whiskey in “large measure” from the UK. Goyal said he had discussed about an FTA with the UK, as “it is the need of the hour”. India was committed to such a pact, and it will […]

YouTube tests TikTok rival in India

YOUTUBE has started testing a TikTok rival in India, saying it would refine its short video format and roll it out in more countries in coming months. YouTube Shorts made its debut as TikTok pursues a partnership with Oracle that it hopes will spare it from being shut-down in the US by president Donald Trump. […]

India’s Reliance denies plans for Amazon mega-deal

INDIAN conglomerate Reliance denied a report Thursday(10) that it was planning to sell a $20-billion stake in its retail business to US rival Amazon in a deal that could upend the country’s hugely lucrative e-commerce sector. The report published by Bloomberg on Thursday said that Reliance, owned by Asia’s richest man Mukesh Ambani, had offered […]

After Jio Platforms, Reliance Retail now woos global investors

US private equity firm Silver Lake Partners has invested $1 billion for 1.75 per cent stake in the retail arm of India’s Reliance Industries, valuing the firm at $57 billion. This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms earlier this year. […]

India syringe maker boosts production to meet virus vaccine demand

INDIA’s biggest syringe manufacturer is ramping up production to churn out a billion units, anticipating a surge in demand as the global race to find a coronavirus vaccine heats up. While the focus on tackling the pandemic has mostly been on the development of vaccines, experts say medical essentials to administer them are also vital. […]

PUBG Corp says Tencent not to publish mobile game in India

PUBG Corp, the unit of a South Korean company behind PlayerUnknown’s Battlegrounds (PUBG), will no longer give Tencent Games the rights to publish its popular mobile game in India, it said in a blog. The announcement came a week after India banned 118 apps, mostly of Chinese-origin, PUBG among them, to step up pressure on […]