Tata Motors unveils Tigor to take on Swift Dzire

In its bid to claw back both the wallet share as well as mindshare, Tata Motors on Wednesday launched its first compact sedan in a decade under the Tigor label with petrol and diesel options and with attractive pricing beginning at Rs 4.7 lakh.
The 1.2 litre petrol model in four variants comes in a price range of Rs 4.7 lakh to Rs 6.19 lakh, while the 1.05 litre diesel engine mounted model again in four variants start at Rs 5.6 lakh to Rs 7.09 lakh in Delhi.

Samsung faces biggest test with Galaxy S8 launch

The world’s biggest smartphone maker Samsung will unveil its latest flagship model, the Galaxy S8, on Wednesday in New York as it seeks to move on from last year’s humiliating burning handset recall.
Samsung Electronics was forced to abandon its premium Galaxy Note 7, originally intended to compete with Apple's iPhone, after a chaotic recall that saw replacement devices also catching fire.

Triumph launches Bonneville Bobber in India for over Rs 9 lakh

UK based high-end motorcycles brand Triumph today launched Bonneville Bobber in India priced at Rs 9.09 lakh (ex-showroom Delhi).

The company, which entered India in 2013 with ten models, now has 17 models across five categories in its portfolio in the country.

"Our ambition was to deliver a genuine Bobber - without compromise to the ride, comfort or rider control to have it ride just like a Triumph should," Triumph Motorcycles India Managing Director Vimal Sumbly told reporters here.

Vehicle, health insurance to cost you more from April 1

Car, motorcycle and health insurance premiums are set to cost more from April 1 with regulator Insurance Regulatory and Development Authority of India (Irdai) giving its nod for revision in commission to agents.
The change in premiums after modification will vary up to 5 per cent either way.
“There will be different slabs of hike in commission for different lines of insurance. The companies can modify the pricing of the product marginally. The company can take a call on this,” said a top official of a public sector general insurer.

Signs wage pact with Talegaon workers

Amid the buzz that American car giant General Motors is mulling exiting India after two decades, the struggling General Motors India has signed a new three-year wage agreement with its 1,000-strong permanent employees’ union at the Talegaon factory near Pune.
The total headcount of the workforce in this facility is 2,500.
This is the first time both the company and the union have agreed to the terms and signed the agreement even before the previous labour contract expired.

Emami Cement commissions grinding plant

Emami Cement, an arm of the Rs 50,000-crore Emami Group, has commissioned its Rs 700-crore, 2 million tonne per annum (mtpa) cement grinding plant at Panagarh in Burdwan, West Bengal.
The plant, commissioned within 13 months of the zero date, is part of a 5.5 mtpa integrated cement unit, comprising a central clinkerisation plant and a grinding unit at Risda in Balodabazar district, Chhattisgarh. A separate grinding unit, with a capacity 1.8 mtpa, is coming up in Orissa, at nearly Rs 3,500 crore investment.

Airtel to acquire Tikona Networks Rs 4G biz for Rs 1,600cr

Telecom major Bharti Airtel today said it will acquire the 4G business of Tikona Networks, including broadband spectrum and 350 sites across five circles, for about Rs 1,600 crore.
"Bharti Airtel shall acquire the 4G busienss of Tikona" for "approximately Rs 1,600 crore for the transaction" , the company said in a regulatory filing.
Tikona currently has 20 MHz spectrum in the 2,300 MHz band in the Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh circles.

Retail majors promise exciting shopping

India will soon have giant Amazon retail stores selling exclusively food items produced in India as the government may approve the US major’s request for infusing more than $600 million.
Apart from Amazon, Grofers and Big Basket have also submitted foreign direct investment (FDI) proposals for undertaking retail trading of food products, while Metro Cash & Carry has agreed to invest in food retailing.