India’s Consumer Market Set to Become Third Largest in the World by 2027 India’s Rise in Consumer Market According to a report by BMI, India’s consumer market is poised to become the world’s third largest by 2027. Currently ranking fifth, the country is expected to experience a 29% increase in real household spending, propelling it…
Uber Leads $20 Million Investment in Mumbai-based Fleet Management Company Introduction Uber has led a $20 million round into Everest Fleet, a Mumbai-based fleet management company that boasts over 10,000 vehicles running on rideshare platforms Uber and Ola throughout India. The company will use the funds to accelerate its transition to electric vehicles, with a…
Chennai, June 24 (IANS) The United Forum of Bank Unions (UFBU), an umbrella body of several bank unions, has deferred its June 27 strike call, said a top leader of All India Bank Employees’ Association (AIBEA). The Indian Banks’ Association (IBA) has informed the UFBU that it has decided to commence the negotiations on all…
Chennai, June 23 (IANS) With the number of international flights from Chennai, Madurai, Tiruchi, and Coimbatore airports are on the decline, the rates for the destinations of Middle Eastern countries like the United Arab Emirates, Qatar, and Kuwait are on a high. The fare from Chennai to Dubai is anywhere between Rs 40,000 to 1,00,000….
Chennai, June 22 (IANS) India will put into orbit three foreign satellites for a fee on June 30 with its Polar Satellite Launch Vehicle (PSLV) rocket. The mission is code named PSLV-C53/DS-EO. The Indian space agency, Indian Space Research Organisation (ISRO) will use the rocket’s fourth and final stage as an orbital platform for six…
Chennai, June 22 (IANS) India’s integrated drone manufacture and drone-as-a-service (DAAS) provider Garuda Aerospace Pvt. Ltd. will set up a production facility in Malaysia at an outlay of Rs 115 crore, said a top company official. “We have decided to set up a drone production facility in Malaysia with a production capacity of about 50…
Chennai, June 20 (IANS) Tata group’s Air India plans to expand its fleet in a couple of year’s time. The proposed new aluminium birds will be a mix of narrow and wide bodied from the two manufacturers, Airbus and Boeing, media reports said. Currently, Air India’s fleet is a mix of Boeing (777-200LR, 777-300ER and…
Chennai, June 20 (IANS) About 1,100 workers have resumed work at the Ford India Private Ltd’s Maraimalainagar plant near here even though an agreement between the workers’ union and the management on severance package has not been reached, sources said. “There is no progress in the talks with the management on the severance package. However,…
Chennai, June 20 (IANS) Vedanta Ltd has decided to put its 4,00,000 ton per annum (tpa) copper smelter plant and refining complex at Tuticorin for sale. The copper smelter plant complex is known as Sterlite Copper. The company along with Axis Capital has called for Expression of Interest (EoI) for its smelter complex (primary and…
Chennai, June 18 (IANS) Thiruvamalai Selvan, an IT professional who was terminated by the Tata Consultancy Services (TCS) in 2015 after eight years of service, has finally got justice after a Chennai labour court ruled in his favour. The court has directed TCS to reinstate Selvan and pay him his salary and benefits of seven…
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