India Business News
According to the Economic Survey, India is set to grow between 7-7.5 per cent in the 2018-19 (April-March) with exports and private investment poised for a rebound.
Arun Jaitley Will Present Union Budget At 11 am
According to CIO Jury, 75% of the tech leaders are planning to move more systems to the cloud in the year 2018 for cost savings and convenience. As per a recent survey, IT budgets are going to increase in the year 2018 and companies are going to spend money in the cloud. The only concern factors are regarding the security, cost concerns and reliability. Just because of these factors many companies are afraid of taking the next step.
Tata Motor's Jaguar Land Rover is pondering to set up a new Software hub at Shannon in Ireland. The company has wider plans to invest in driver-less technology. As per reports, the plans of the UK-based luxury car company is to create around 150 jobs at the site where research on new technology will take place which will be related to battery-powered cars and automated driving.
There is an increase of around Rupees 17,000 (Rs. 1700 to 17,000 as per models) in the price of various models of Maruti Suzuki which is the largest car maker in the country. The new rates have come immediately into effect. Although the information of new rates was revealed on Wednesday, the announcement of the hike in rates was made last month. Other companies including Hyundai and TATA have already increased the rates this month.
Airtel, Jio, and Vodafone are in a tough competition in the year 2018. Airtel has revised its plan of Rupees 399 and is providing similar facilities as that of Jio's plan of 398 Rupees. Airtel will now be offering 1GB 3G/4G data per day and unlimited voice calls and 100 SMS for all mobiles. The validity of the pack will be 70 days. Jio offers 1.5 GB data per day with a complimentary subscription to Jio apps with same 70 days validity. Vodafone offers 2GB data every day at Rupees 299 for a period of 28 days. Although local and STD calls offered by Vodafone are free but there is capping within the plan. Jio is offering the cheapest plans.
Various hurdles like unavailability of slots and limited bilateral flying rights are going to hamper the path of expansion of the two Tata group-owned Airlines named Vistara and Air Asia in the key Gulf and Asian markets. The capacity shortage is also acting as another hurdle in the expansion as two main airports of India (Delhi and Mumbai) are already choked for the addition of new flights. Late night flights are being operated due to the unavailability of slots at the Mumbai Airport.
The multinational automobile company Nissan is working on making a car which would be able to read the driver's mind. The brain of the driver will send the waves and the waves would be interpreted through a skullcap which would be covered with electrodes and wires. This step would increase the comfort of driving making it more exciting and enjoyable. As per the reports, Nissan has planned to show this Brain to Vehicle technology at the International Consumer Electronics Show (CES) which would be held in Las Vegas.
Patanjali is planning to give a grand push to its range of made in India (Swadeshi) products by initiating a partnership with 8 giant online retailers. The retailers include Amazon, Flipkart, Paytm Mall, 1MG, Big basket, Grofers, Shopclues, and Snapdeal. As per the reports, this step of Patanjali linking with the e-retailers is going to initiate a revolution in the online sales of these Swadeshi products. Patanjali also has its own online portal patanjaliayurved.net where the company sells its products online.
It was reported on Monday that Eveready is all set to enter the confectionery segment. It has planned to launch its new fruit-chew named “Jollies”. This fruit-chew will be available in the market at the cost of Rupees 1. As per the Managing director, Amritanshu Khaitan, Jollies will be the first step of the company to scale up the FMCG portfolio of the organization. Branding would be the only expense which is required to take this move. The fruit chew market is estimated at the cost of 400 crores. The company expects a significant turnover and profit from this move.