Brand

Hero group’s electronics and technology venture Hero Electronix on Tuesday announced its entry into the internet-of-things (IoT) space with the acquisition of Gurgaon-based IoT solutions company Zenatix for an undisclosed amount.

Founded in 2013 by IIT-Delhi engineers, Zenatix has built its own proprietary Internet of Things (IoT) stack, which includes hardware, cloud-based software and big-data analytics.

Apple Inc manufacturing partner Taiwan Semiconductor Manufacturing Co has started mass production of next-generation processors for new iPhones launching later this year, according to people familiar with the matter.

The processor, likely to be called the A12 chip, will use a 7-nanometer design that can be smaller, faster and more efficient than the 10-nanometer chips in current Apple devices like the iPhone 8 and iPhone X, the people said. They asked not to be identified discussing private plans. Apple and TSMC spokeswomen declined to comment.

Riding high on its hot-selling models, including Swift, Baleno and Dzire, Maruti Suzuki India (MSIL) has put its capacity expansion plan in top gear.

Hyatt Hotels Corporation announced the rebranding of Hyatt Bangalore MG Road to the Hyatt Centric brand, marking the brand’s first hotel in India and twenty-third worldwide. Located in prime destinations across world-class cities like New York, Miami, Madrid, Tokyo and Chicago, the Hyatt Centric brand is thoughtfully designed to enable exploration and discovery, and targets millennial-minded travelers who want to be in the middle of the action.

Samsung India, the number one mobile handset maker in India, is looking at a 5 per cent increase in its market share—from 41 per cent to 46 per cent within the next few months, following the roll out of four new products from its stable. Many more new product launches are in the pipeline. For the company, 10k-20k price point is the strongest segment, said Manu Sharma, vice president, Samsung India.

After much anticipation, Honda Cars India has launched the second-generation of its most popular sedan, Amaze in India, with an introductory price of Rs 5.59 lakh to Rs 8.99 lakh (ex-showroom, India). The compact sedan has been launched in four variants – E, S, V and VX – all of which get dual front airbags, ABS, Isofix child-seat mounts and rear parking sensors as standard. The sedan's prices are expected to increase after the first 20,000 bookings. The car continues to rivals the likes of Volkswagen Ameo, Ford Aspire, Hyundai Xcent, and Maruti Suzuki Dzire.

British lifestyle brand Carlton London is eyeing India to position itself as the most comfortable and stylish footwear brand.

It aims to provide affordable fashion for all, which is up to the ongoing trends and styles. The brand is keen on keeping an eye on the latest trends in the fast fashion industry and works hard to bring the same in the market, explains Carl Virk, director at Carlton London.

Droom.in, an automobile marketplace led by Sandeep Aggarwal has raised $30 million in Series D, led by Toyota Tsusho Corporation (member Toyota Group) and co-led by Digital Garage of Japan.

The company has also signed MOU with Toyota to expand internationally. They are joined by Ellison Investments, an Asia-based investment manager, as well as many existing investors and a number of prominent institutional investors and family offices from China, Hong Kong and SE Asia in this round.

Exide Industries Ltd, South Asia’s largest lead acid storage battery maker and India’s largest manufacturer of lead acid storage batteries and power storage solutions provider, has now come up with a new range of completely sealed and maintenance free battery for the automotive after-market. Branded as Advanz, this incidentally is India’s first completely sealed and maintenance free battery for the automotive after-market, top company officials said, adding that The battery is currently the only one of its kind in the Indian market that does not require any topping up.