Brand

Brand

Auto sector cheers sales, Maruti up 11.7%

Major car manufacturers in the country such as market leader Maruti Suzuki, Hyundai, Honda Cars, Toyota Kirloskar Motor, Renault, Ford and Nissan on Wednesdayreported continued sales momentum for their brands in February backed by new models and positive market sentiment.
The only dampener was Mahindra and Mahindra, India’s biggest utility vehicle maker by sales, which continued sales decline in the fiercely competitive third biggest car market in Asia.

These ’80s classics are worth investing in now

Thirty years ago, a person of means could walk into an import car dealership, drop a sum that would double the average annual household income, and drive out with a grand touring coupe—a two-door, four-seater powered by a prodigious, smooth, naturally aspirated engine. These luxurious cars coddled passengers in leather at triple-digit speeds while still making the twists and turns of the road with ease.

Danone to make India its manufacturing hub

Danone India, an arm of the ¤22 billion global food giant with four verticals-fresh dairy products, early life nutrition, waters and medical nutrition, will eventually turn its Indian operations into manufacturing hub for the entire region – Nepal, Bangla-desh, Sri Lanka. The company which has just come up with the latest brand from the stable – Protinex Grow, has lined up plans to roll out 10 new products – all in specialised categories – in 2017.

Merc launches new E-class; starts at Rs 56 lakh

German automaker Mercedes-Benz, India’s biggest luxury car maker by sales, launched on Tuesday the new 10th generation new E-Class business sedan to take on compatriot rival Audi, BMW, Jaguar Land Rover and Swedish Volvo in Asia’s third biggest economy.

Tatas pay $1.18b to end Docomo dispute

Tata Sons has agreed to pay NTT Docomo $1.18 billion (Rs 7,250 crore) to buy out the Japanese partner’s stake in the telecom joint venture, paving the way for the settlement of the long-standing dispute. The agreement, which could lead to Tatas exiting telecom business, comes within days of N Chandrasekaran assuming charge as chairman of Tata Sons. The two companies on Tuesday filed a joint petition in Delhi High Court, saying they have agreed to settle the dispute on a joint approach to enable enforcement of the London Court of International Arbitration (LCIA) award.

Air India flirts with strategic investor

National carrier Air India may be off the list of PSUs named for disinvestment for now, but the idea of roping a strategic investor in the long run continues to be on the table. The government is likely to wait for the airline to turn profitable before it is put on the block.
A decision to sell off the flag carrier in a hurry could hardly fetch a reasonable valuation given its humongous debt and accumulated losses.

Nokia goes back to the future with 3310

Nokia’s newly revitalised phone business went back to the future on Sunday, re-introducing a brightly coloured version of the classic 3310 talk and text phone, the world’s most popular device in the year 2000.

E-comm crisis unfolds: Vendors fear payment delay

With Snapdeal in the throes of a crisis and many other smaller e-commerce outfits going belly up, the online vendors association with great trepidation have met commerce and industry minister Nirmala Sitharaman to ring fence their exposure.

TFC plan gets fresh impetus

The government may soon initiate the process of setting up the proposed telecom finance corporation (TFC), with the finance ministry giving its nod. TFC has been mooted as a vehicle for mobilising fu­nds from the international market at competitive rates to support domestic manufacturing of telecom equipment, especially in the SME sector.
Sources said the finance ministry has given its nod to the proposal and it would be soon taken to the cabinet.

Ghosn hands Nissan reins to heir apparent

Newly promoted to CEO at Nissan Motor, Hiroto Saikawa (in pic), will bring a gruff, tough, no-nonsense approach to leading Japan’s second-biggest carmaker at a time of rapid technological change in the industry.
The 63-year-old takes over in April from Carlos Ghosn, who engineered Nissan’s recovery from years of losses and debt through broad cost-cutting and dismantling the traditionally close ties with suppliers — the informal keiretsu network once key to Japan Inc’s success.

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