Pune : Luxury car manufacturer Mercedes-Benz India on Sunday rolled-out its 100,000th car -- an E-Class sedan -- for the Indian market from its manufacturing facility at Chakan, near Pune. "With the growing demand of Mercedes-Benz products, a spiralling aspiration...
By Gokul Bhagabati, New Delhi : Stressing that there has not been any significant loss of its market share owing to the rise of Chinese smartphone brands in India, a top Samsung executive has said the company is well prepared to fend off challenges from its...
By Faisal Kawoosa, The new draft telecom policy released by the Department of Telecom is a lucid, comprehensive attempt that balances the present hard realities with the aspirations of the future. There is a wide base of population that needs to connect while the...
Washington : Washington and Beijing are working to get Chinese telecom equipment maker ZTE, which is suffering from a US exports ban, back into business, said US President Donald Trump. "President Xi of China, and I, are working together to give massive Chinese phone...
New Delhi/ Gurugram : The decision by the Fortis Healthcare board to recommend the offer of the Hero and Burman Family consortium for sale of its business was primarily guided by the certainty of liquidity flowing in to enable greater efficiency, Fortis Director Brian...
Bengaluru : In a mega deal in India's e-commerce space, global retail giant Walmart Inc on Wednesday announced it was buying 77 per cent equity stake in the country's largest e-tailer Flipkart for $16 billion. "Subject to regulatory approval in India, Walmart will pay...
San Francisco : Aiming to ramp up its production targets to 5,000 cars a week, Elon Musk-run Tesla has reported revenue of $3.4 billion for the first quarter of 2018, saying that Model 3 production hit 2,270 a week in April. Tesla's cash balance dropped but the...
Bonn : Taking the initiative in action against climate change, top Indian corporate Mahindra Group at a UN summit here on Tuesday announced 11 new commitments to cut emissions in line with the landmark 2015 Paris agreement goals. With this, Mahindra push the number of...
By Shantanu Guha Ray, New Delhi : The Indian Navy's reported decision to nominate Mazagon Dock Shipbuilders Ltd (MDL) to execute the $8 billion Project-75 India [P-75(I)] to build six advanced submarines has left private contenders gasping for breath. The P-75(I)...
By Nishant Arora, New Delhi : In the ever-evolving world of smartphones, a few mobile handset makers have been tempted to launch two or even multiple brands in order to gain a larger chunk of the market or create a presence across price segments. The approach has so...