Smaller cities a new destination for VC, angel firms

Venture Capital funding and angel investing is no longer a metro phenomenon. These angels do not fear to tread the un-trodden paths to reach out to businesses – both traditional and modern - in smaller cities. In the past couple of years smaller cities have started attracting considerable number of investments.

Vodafone launches 4G in Goa, Maharashtra

Vodafone India, one of the fastest growing telecom operators in Maharashtra and Goa circle, has launched its 4G services with special packages, to aggressively tap more subscribers and increase its topline as intense price war among telecom operators eye more market share in India’s $50-billion telecommunication industry.
The company has invested Rs 248 crore in the first half of FY2017-18 to expand, modernize and build a more technology and energy efficient network.

Betting big on bespoke apparels

For over three decades now they have carved a niche in exclusive fashion statement amongst the rich and the famous, stitching all uniquely designed shirts for India’s top industrialists, lawyers, Bollywood actor, among others. And now Camessi, an arm of Spell Fashion Pvt Ltd, which has the same promoters as Reliance Chemotex, the BSE listed $50 million premium textile yarns company, is betting big on the growth of bespoke shirts and trousers market in the country.

JLR unveils Tata's passion project Range Rover Velar

Tata Motors-owned Jaguar Land Rover has unveiled a new model at a grand ceremony here.
Gerry McGovern, Land Rover Chief Design Officer, credited the final product to Tata Group chairman emeritus Ratan Tata.
"I would like to thank Ratan Tata. Ever since he saw the first sketch of the Velar, he became a passionate advocate of it," McGovern said at the function.
"Design has the power to enrich people's lives... This is a vehicle with emotionally charged DNA and unquestionable pedigree," he added.

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.