The first month of the goods and services tax (GST) has brought cheer to most car manufacturers as their sales grew in double digits in July. The reformative indirect tax regime has made cars and sports utility vehicles or SUVs cheaper by 2.5-12 per cent.
Japanese conglomerate SoftBank is looking at investing about $2 billion in homegrown e-commerce major Flipkart, according to industry sources.
SoftBank, through SoftBank Vision Fund, is in discussions with Flipkart to invest between $1.5-2 billion, two people aware of the development said. They did not wish to be named as the discussions are still going on.
E-commerce major Flipkart on Tuesday said it has completed the merger with eBay India’s operations.
With this, eBay.In will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised $1.4 billion from global technology majors eBay, Tencent and Microsoft.
In exchange of an equity stake in Flipkart, eBay had made a cash investment of $500 million and sold its eBay.In business to Flipkart.
InterGlobe Aviation, which owns the country’s largest airline IndiGo, after reporting an impressive set of numbers for the quarter ended June 30 on Monday, expects capacity to grow at a compound annual growth rate of about 20 per cent for 2018 to 2020.
Google India today announced its 'Made in India' initiative while reaffirming its commitment to help developers find success by building high quality products "for India by India".
Ending months’ long deliberations and discussions, Snapdeal on Monday decided to call off the merger deal with Flipkart and to go solo.
Financial Chronicle was the first to report on July 17 that the company was preparing a new business model to remain a standalone entity.
It could be bad news for the company’s employees though. Several of them, awaiting a deal with Flipkart so that they could earn a hefty severance amount, are likely to be disappointed. With the deal called off, the company is likely to see a mass exodus.
Fiat Chrysler Automobiles, which struggled and failed to sell its Italian Fiat brand of cars in the fiercely competitive Asia’s third biggest car market, is now betting big on its American iconic brand Jeep with its made-in-India compact sports utility vehicle Jeep Compass in the country.
Introduced on Monday with an aggressive starting price tag of Rs 14.95 lakh at New Delhi showroom for the base Sport petrol trim, it is offered in a total of six variants–three each in diesel and petrol. The top-end diesel Limited 4x4 variant is pegged at Rs 20.65.
Mercedes-Benz, India’s biggest luxury German car maker by sales, is arguably betting big on its iconic performance division called AMG in Asia’s third biggest car market.
Marking the 50th anniversary of the AMG brand, which became a sub-brand of the company in the year 1967, Mercedes-Benz last week introduced the GLC 43 AMG Coupe with a price band of Rs 74.80 lakh at any showroom.
With increasing overheads and newer food service concepts emerging, restaurants are now trying to provide an experience and cater to the interests of the new generation.
To counter Reliance Jio, Vodafone is targeting students with a new scheme that will offer unlimited calls with 1 gigabyte of 4G/3G data every day for 84 days, according to a company official.
Reliance Jio is offering similar benefits for Rs 399 along with free roaming and unlimited SMS.