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Commerce Minister Says India Aspires To Reach 3.5% Of Global Trade By 2020

Commerce Minister Nirmala Sitharaman said India’s share is 2% of total global trade. Commerce Minister Nirmala Sitharaman said India’s share is 2% of total global trade. New Delhi: Commerce Minister Nirmala Sitharaman on Saturday said that India should reach 3.5 per cent of total global trade by 2020 from its current share of two per cent. “Our share is 2 ... Read More »

Honda Cars India To Increase Prices By Up To 3% From January 2017

Honda Cars India has announced a price hike of up to 3 per cent for all its models effective from January 2017. Apart from year end offers and schemes, December is also the month when carmakers announce price revisions for next year. And Honda Cars is the latest addition to that list. In fact, Honda is the seventh carmaker in ... Read More »

Axis Bank Cuts Lending Rates By Up To 0.15%

Mumbai: Country’s third largest private lender Axis Bank on Friday announced up to 0.15 per cent reduction in its lending rates, signalling a further downward trend in borrowing costs. The Ahmedabad-headquartered bank cut its overnight marginal cost of funding-based lending rate – the most competitive offering by rates – by 0.10 per cent to 8.55 per cent. The MCLRs for ... Read More »

Mercedes-Benz To Hike Car Prices In India By Up To 2% Across Model Range

Joining the list of carmaker’s who have announced price revisions this month Mercedes-Benz India has announced its plan to increase car prices in the country by up to 2 per cent, varying across the model range. The price hike will be for the carmaker’s entire model range and will be effective from 1st of January 2017. In a statement released ... Read More »

Alcatel Plans to Increase Offline Presence to 5,000 Stores by March

Smartphone maker Alcatel India will expand its retail network to 5,000 stores in five states by March next year as it looks to increase its market share in the country. “We are going to expand our retail presence to increase our market share. At present we sell through around 700 stores in select states. By March we plan to sell ... Read More »

iPhone Fires in China Caused by External Damage, Says Apple

Apple has blamed “external physical damage” for causing a handful of iPhones to explode or catch fire in China and insisted that its handsets posed no safety problem. Fresh on the heels of Samsung’s worldwide Galaxy Note 7 safety fiasco, a Shanghai consumer watchdog said last Friday it had received eight recent reports of iPhones that spontaneously combusted while being ... Read More »

Black Friday’s Record Sales Driven by Mobile Devices, Finds Report

In a first, online shopping on Black Friday is estimated to have hit the $3 billion mark in the US with a major chunk of the total sales coming from mobile devices, a report said on Saturday. Adobe Digital Insights, which has been tracking e-commerce transactions, estimated sales of $3.05 billion (roughly Rs. 20,918 crores) on Black Friday 2016 – ... Read More »

Nexus 5X Users Experiencing Boot Loop Issues Being Offered Full Refund by LG

LG USA is reportedly offering full refunds to users experiencing boot loops on their Nexus 5X smartphones. While normally the process would be to repair, replace, or issue a refurbished unit, the company in this is offering a full refund as it doesn’t have the parts (and presumably new units) to affect a repair. Notably, with the launch of the ... Read More »

iPhone Manufacturing in the US Being Considered by Apple: Report

  Apple is reportedly studying possibilities of moving iPhone production from China to the US. A new report by Japanese publication Nikkei Asian Review, which has had an excellent track record with Apple leaks, claims that the Cupertino-based company has asked two of its major manufacturers – Foxconn and Pegatron – to explore plans to move manufacturing to the US. ... Read More »

Vivo Says Will Double India Manufacturing Capacity by Next Year

  Buoyed by increasing demand, Chinese handset vendor Vivo on Tuesday said it is planning to double its manufacturing capacity in the country by next year. “The current capacity is one million pieces a month and it is running at full capacity. We are looking at more space to set up lines. We will be expanding it by another one ... Read More »