Auto major Toyota Kirloskar Motors has come forward to introduce its latest electric vehicles in Amaravati, the upcoming capital of Andhra Pradesh. A memorandum of understanding (MoU) was signed in Amaravati in the presence of Andhra Pradesh IT Minister Nara Lokesh and managing director of Toyota Kirloskar Akito Tachibana.
Mahindra and Mahindra, India’s second biggest sports utility vehicle maker by sales, has introduced the much-anticipated refreshed Mahindra Scorpio, its iconic SUV, to boost sales in the fiercely competitive growing SUV market in Asia’s third biggest economy.
With a starting price of Rs 9.69 lakh at showroom in Pune, the facelifted Scorpio competes with Tata Safari Storme, the Renault Duster, and the newly launched Renault Captur and the Hyundai Creta in the Indian market.
For the past year, Amazon employees have been test driving Amazon Go, an experimental convenience store in downtown Seattle. The idea is to let consumers walk in, pick up items and then pay for them without ever standing in line at a cashier. Amazon is vague on the mechanics, but the store relies on a mobile app and some of the same sensing technology that powers self-driving cars to figure out who is buying what.
Global hospitality brand Accor Hotels has been largely growing its portfolio of economy and mid-scale hotels till now as it had found these categories doing well in India. Accor thinks the time is right to expand its luxury brands as the market is ready.
Accor has 53 properties under 10 brands. Of these, a major chunk of properties are under economy brands Ibis and midscale brand Novotel. Ibis and Ibis Style have 18 properties, whereas 15 properties come under brand Novotel.
Sharjah-headquartered Aries Group promoted by Kerala-born NRI businessman Sohan Roy is working on to build ‘Indywood’ as the biggest brand in Indian film and entertainment industry, encompassing all regional language film industries. The company has floated ‘Billionaires Club’ to educate movers and shakers about the vast opportunities in the sector and how it can be tapped effectively.
Apple Inc is working on a rear-facing 3-D sensor system for the iPhone in 2019, another step toward turning the handset into a leading augmented-reality device, according to people familiar with the plan.
Emami Ltd, the FMCG flagship of Rs 50000 crore diversified Emami Group, has added 1.1 lakh MTPA capacity to its personal care and healthcare items portfolio, by putting up its largest manufacturing facility at Pacharia in Kamrup district of Assam with a total capital outlay of Rs 300 crore. At present, the company has an overall production capacity of 1.63 lakh MTPA of personal care and healthcare products, top company officials said on Tuesday. The new unit will increase the company’s overall capacity to 2.73 lakh MTPA.
Abu Dhabi-based Lulu Group, owned by Indian entrepreneur Yusuff Ali, thinks the time to pursue aggressive growth plans in India’s retail and hospitality sectors has come. The brand retailing arm Tablez has started rolling out stores under seven brands with a five-year target revenue of Rs 750 crore and Twenty14 Holdings has started off with three hotel projects.
Targeted ads that seem to follow you everywhere online may soon be doing the same on your TV.
The Federal Communications Commission is poised to approve a new broadcast standard that will let broadcasters do something cable TV companies already do: harvest data about what you watch so advertisers can customise pitches.
The prospect alarms privacy advocates, who say there are no rules setting boundaries for how broadcasters handle personal information. The FCC doesn’t mention privacy in the 109-page proposed rule that is scheduled for a vote by commissioners on Thursday.
Shristi Hotel Private Ltd, the hotel arm of the Kanoria family-promoted Shristi Group, is looking at both organic and inorganic growth to spread its wing nationally. While it has already bought large parcels of lands at Udaypur and Pondicherry to build luxury resorts, the company is also on the look out for operational and running hotel properties across all major metros to put up business hotels, resorts and hotels of other formats, said Sujit Kanoria, trustee, Kanoria Foundation and managing director, Shristi.