NHAI starts electronic toll collection at national highways pan-India
"All 523 Toll Plazas of NHAI have been fully equipped with the required ETC infrastructure," the National Highways Authority of India (NHAI) said. It said as many vehicles are still without FASTag, up to 25% lanes have been kept as hybrid lanes for cash as well as digital transaction. Each toll plaza is being supervised by a nodal officer of NHAI.
Share market update: Nifty CPSE index advances; NBCC climbs 3%
The Nifty CPSE index was trading 0.32 per cent up at 1949.1.
TRAI's new tariff framework: More channels at lesser price
TRAI, in a statement, said it has decided that in case of multi-TV homes where mor...
Transactions via FASTag at highway tolls more than double in December
About 6.4 crore transactions FASTag transactions worth Rs.1256 crore was processed in December as against 3.4 crore transactions worth Rs.774 crore in November, the latest National Payments Corporation of India (NPCI) data released on Wednesday showed. A total of three crore 3.1 crore transactions worth Rs.703 crore in October was processed.
Electronics companies run into entry-level pileup
While premium products like large screen televisions, frostfree refrigerators and fully automatic washing machines did sell in cities and large towns driven by plethora of consumer finance options and price cuts — sales of entry-level products which constitute the belly of the market — were a washout, several manufacturers said.
Appliances and consumer electronics industry expected to double to Rs 1.48 lakh crore by FY25
The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing.
Former Axis executive appointed Piramal’s consumer finance business CEO
Earlier, he was the head of the retail lending function where he could help in expanding the retail book 6 times in 5 years.
Mobile makers get retailer ultimatum on online discounts
More than 50,000 mobile phone retailers have given an ultimatum to the top five smartphone brands to permanently stop online discounting and launch of online exclusive models, claiming that the ecommerce push had badly hurt their business.
Over 1.15 crore FASTags issued so far
"Over 1.15 crore FASTags have already been issued, with more than one lakh being issued every day," the Ministry of Road Transport & Highways said. The daily transactional value has crossed Rs 52 crore with the number of FASTag payments surpassing 30 lakh. A FASTag provides smooth journey to commuters through toll plazas on national highways.
Share market update: BSE Capital Goods index down; HEG dips 1%
The S&P BSE Capital Goods index was trading 0.29 per cent down at 16,927.43.
Share market update: Consumer Durables shares trade higher; VIP Industries up 1%
The S&P BSE Consumer Durables index was trading 0.26 per cent down at 24,978.98.
FMCG companies’ bet on consumer services business not paying off
Kaya, a skincare business, has been loss-making for the past three years.
Phillip Capital maintains buy on Bharat Electronics, target price Rs 160
Bharat Electronics should more than meet its order inflow target for FY20 and the pipeline for FY21 is robust.
Smartphone maker Vivo assures offline retailers of price parity in 2020
Handset-makers including Xiaomi, Oppo and Vivo in October had issued trade advisories to their retail partners to assure that they will bring price parity between their online and offline channels.
Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management
As per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Veratech Intelligence, revenue from operation dropped 10.6% year on year in 2018-19 at Rs 4,758.62 crore, while its net loss more than tripled at Rs 459.58 crore against Rs 131.88 crore in FY18.
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