Samsung unveils Galaxy S8

After Note 7 fiasco, electronics giant Samsung is hopeful of gaining market share through its newly launched Galaxy S8. The latest flagship smartphone, will be available in India for Rs 57,900 onwards, the company announced as it unveiled the product.
The handset, the company says, will be available in two versions -- Galaxy S 8 and Galaxy S8 Plus (Rs 64,900). The devices will be available at select retail outlets and online exclusively on Samsung Shop and Flipkart from May 5, 2017. Pre-booking for the phones has begun.

Tata Motors to export BS-III vehicles

Largest commercial vehiclesmaker Tata Motors does not see a big hit on its bottom line from the unsold BS-III inventory as it expects to clear the remaining stock by exports beginning this month.
"We are left with around 15,000 units of BS-III models. Out of this only around 3,000 are with the dealers. So I don't see any need to fret over this as I can easily ship them abroad," Ravindra Pisharody, executive director for commercial vehicles at Tata Motors said.
When asked about the value of this unsold inventory, he said they should be valued at under Rs 4,000 crore.

Flooring brand Pergo on an expansion spree

Pergo, the leading laminate flooring brand now owned by Mohawk Industries, Inc, the world’s largest flooring company with operations in North America, Europe, Asia and Australia, is on an expansion mode in India.

Apple, Coke, Airtel, others pulled up for 143 misleading ads

Cracking down on misleading advertisements, the Advertising Standards Cou­n­cil of India (ASCI) has pu­ll­ed up Apple for showing ‘iPhone 7’ as ‘iPhone 7 plus variant’ and also Coca-Cola India, Bharti Airtel and others for such campaigns.
In all the regulator dubbed around 143 advertisements as misleading.
Mobikwik, HUL, Nivea, Am­ul, Opera, Standard Cha­r­tered Bank and Pernod Ricard are among the companies against which 191 complaints were received by the Customer Complaints Council of ASCI for January.

Amazon, Flipkart battle in India for e-commerce’s ‘last frontier’

NEW DELHI: With 100 million new internet users every year, Amazon is betting big on India, but a major new investment in homegrown rival Flipkart means the battle to dominate the fast-growing e-commerce market is set to heat up.
Flipkart announced this week that top international companies including Microsoft, eBay and China’s Tencent had pledged investments totalling $1.4 billion, among the largest sums ever raised by an Indian startup.

Self-driving ‘arms race’ complicates supplier alliances

The race to develop and exploit autonomous vehicle technology is reshaping the hierarchy of the automotive industry, replacing traditional top-down manufacturing relationships with complex webs of alliances and acquisitions.
Dealmaking in the automotive and technology industry is driven by the rapid transition of self-driving vehicles from research projects to major elements of near-term product plans at several of the world’s biggest automakers.

Serving happiness

Multi-dimensional theater group Mastiii Zone, and part of ‘Modern Group’ of companies which provides family entertainment centers in the form of Mastiii 7D and XD in malls, plans to expand our footprint in India. They are focused at expanding in amusement and gaming industry.
With the philosophy to entertain people of all ages through best in the world equipment and best in the world hospitality

JLR cuts SUV prices by upto Rs 5 lakh

Tata Motors-owned Jaguar Land Rover, the British iconic sports car maker, has reduced the price tag of some of its popular models to boost sales in Asia’s third biggest economy.
The Mumbai-headquartered auto major has always typically maintained a premium positioning in the luxury car segment in the country, with its models priced significantly higher than competition in each segment.

SUVs help boost passenger vehicle sales

The passenger vehicle (PV) sales in India, Asia’s third biggest car mart, crossed the three million milestone for the first time in fiscal 17, driven largely by sales of sports utility vehicles (SUVs).
PV sales jumped 9.23 per cent to 3.04 million units during the year, the industry trade lobby Society of Indian Automobile Manufacturers or Siam said. In 2010-11, the segment had grown 28.2 per cent in 2010-11.
The automobile manufacturers sold the highest number of passenger vehicles, utility vehicles, motorcycles and scooters.

Clash continues

The legal battle between Amul and Hindustan Unilver (HUL) over the authenticity of ice cream and frozen dessert has taken a new turn.
HUL asked Amul ice cream-maker Gujarat Co operative Milk Marketing Federation (GCMMF) to prove to the Bombay High Court that all frozen desserts use hydrogenated vegetable oil or vanaspati, says reports.
“GCMMF must prove that using hydrogenated vegetable oil is a mark of the trade of making and selling frozen desserts in India,” HUL’s lead counsel Senior Advocate Virag Tulzapurkar said during the pre-admission hearing at the Bombay High Court.