business

Shock decline in vehicle sales hit dealers this Diwali

Shock decline in vehicle sales hit dealers this Diwali

Mumbai: An “unexpected de-growth” during the festival season this year has shocked the automobile industry with consumers “postponing” purchase of both two and four-wheelers, a top industry official said here on Friday. During the festival season Navratri to Diwali, the Federation of Automobile Dealers Association (FADA) recorded a dismal decline[Read More…]

Bharti AXA Life logs 52% growth in new policies

Bharti AXA Life logs 52% growth in new policies

Mumbai, Bharti AXA Life Insurance Company Ltd on Thursday said its fresh business had increased by 52 per cent during the first half of the current fiscal. The company also said it would expand its branch network 236 by the end of this year from the current 216 branches. In[Read More…]

Apple acquires AI startup Silk Labs

Apple acquires AI startup Silk Labs

San Francisco, Apple has acquired a Startup called Silk Labs that works on Artificial Intelligence (AI)-based personal assistant technology for smartphones and smart home devices. According to a report in The Registrar, the quietly-done acquisition for an undisclosed sum is aimed at strengthening Apple’s AI capabilities towards smart home devices.[Read More…]

Indian mobile industry needs competitive tax regime: ICEA

Indian mobile industry needs competitive tax regime: ICEA

New Delhi, The Indian mobile manufacturing industry needs a competitive direct tax regime to grow and pose a tough competition to other mobile manufacturing countries, said Pankaj Mohindroo, Chairman of the Indian Cellular and Electronics Association (ICEA). Speaking to reporters here on Wednesday, Mohindroo said the industry body has also[Read More…]

50% ATMs in India may shut down by March: CATMi

Mumbai, Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, the Confederation of ATM Industry (CATMi) warned on Wednesday. Currently, India has approximately 2,38,000 ATMs, of which around 1,13,000 ATMs[Read More…]

Piramal Glass deploys Microsoft Azure IoT platform for seamless production

Piramal Glass deploys Microsoft Azure IoT platform for seamless production

Mumbai, Glass packaging company Piramal Glass on Tuesday announced that it has deployed Microsoft’s Azure IoT platform to digitally transform its manufacturing operations. Piramal Glass has implemented the solution, titled “Real-Time Manufacturing Insights” (RTMI), on 46 production lines across its four plants at Kosamba and Jambusar in Gujarat, Sri Lanka[Read More…]

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