Brand

Brand

Maruti Suzuki profit disappoints on costs, tax-hit

Maruti Suzuki, India’s top-selling car maker, posted a quarterly profit that missed estimates even though sales grew steadily, as a rise in commodity prices and the impact of a new nationwide sales tax ate into earnings.

The company, majority-owned by Japan's Suzuki Motor Corp, announced on Thursday a profit of Rs 1,556 crore ($242.66 million) for the first quarter ended June 30, up 4.4 per cent from the year-ago quarter.

That was below the Rs 1,701 crore average estimate of analysts, according to Thomson Reuters data.

Kent RO enters Gulf with Sands International

Kent RO Systems Limited, India’s leading reverse osmosis (RO) water purifier brand, has teamed up with the Dubai-headquartered Sands International to foray into the GCC markets. Sands International offers focused, cutting edge, value-added distribution services to the consumer electronics, Information Technology, home appliances industry segments across the GCC and is also expanding to new regions in Africa and India. Interestingly, Kent RO Systems has also lined up expansion plans into north Africa.

Zomato shares a ride with Ola

Online restaurant guide and food ordering app Zomato has partnered homegrown cab aggregator, Ola that will allow users to book rides and pay using the latter's mobile wallet.

Airtel to roll out VoLTE service across India by March

Bharti Airtel plans to roll out VoLTE service, that enables phone calls using 4G technology, across the country by the end of the current financial year, a top official of the company said on Wednesday said.

“We have done (VoLTE) trials in five-six cities. Towards the end of this fiscal year, we will be taking VoLTE everywhere. The uptake of VoLTE devices will depend on certification...We should be very much national in the coming six-nine months,” Gopal Vittal, MD and CEO (India and South Asia), Bharti Airtel said during an earnings call.

Datsun unveils new redi-Go

Japanese car manufacturer, Datsun on Wednesday introduced new Datsun redi-Go, a hatchback, in Asia’s third biggest car market to boost sales. The company will also launch the automatic version soon to increase customer base.

With a starting price band of Rs 3.57 lakh at any showroom, it will take on the likes of  Maruti Suzuki Alto K10, the popular French brand Renault Kwid and Hyundai Eon.

The Datsun brand is Nissan Motor’s third global brand, started sales in India in March 2014. Nissan and Infiniti are other two brands.

Snapdeal seeks minority shareholders’ approval

Snapdeal’s board has passed the ball into the shareholders’ court. With the decision pending on whether to accept Flipkart’s offer or consider other options, the board has now sought shareholders’ approval.

Yamaha FZ25: Road review

When it comes to performance motorcycles, Yamaha has always given us products, which have been ahead of the competition.

Triumph launches Tiger Explorer XCx

Triumph Motorcycles, the iconic British super sports motorcycle brand, on Tuesday introduced its new Tiger Explorer XCx adventure bike in Asia’s third biggest economy to expand its range and boost sales.

With a price tag of Rs 18.75 lakh at any showroom in India, the imported bike will take on the

Rs 18.05 lakh Ducati Multistrada Enduro and the BMW R1200 GS Adventure priced between Rs 17.8-21.8 lakh, in Indian market.

Snapdeal founders, investors divided over offers

The founders of Snapdeal and investors are divided over the choices available before them. Though, Flipkart has sent a revised offer, Snapdeal is worried about the terms and clauses in the proposal.

“All have their own preferences. Now they will have to sit down and arrive at a decision,” sources privy to the development said. The investors and the founders have been meeting and discussing the options before them. Softbank has been pushing the Flipkart merger deal and it had brought the founders and minority investors on the same page after much efforts.

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