Tag Archives: to

Big Oil’s Entry To Heat Up India, World’s Fastest Growing Hub Of Demand

  Global oil majors BP Plc and Rosneft PJSC are eyeing a piece of India’s $117 billion retail market for fossil fuels, threatening to shake up government-owned companies that have faced little competition for a decade. BP has already secured licenses to open as many as 3,500 fuel stations in the world’s second most-populous nation. Rosneft gained access to about ... Read More »

Hotel Industry Warns Tourism To Suffer At 18% GST On Rooms

Mumbai: The Hotel and Restaurant Association of Western India (HRAWI) on Monday said the government’s four-tier structure in Good and Services Tax (GST), in which the service sector will be taxed at 18 per cent, will cause the tourism sector a major setback. In the recently-concluded meet on GST, the government has declared a four-tier structure of 5, 12, 18 ... Read More »

Future Group To Acquire Heritage Foods’ Retail, Allied Businesses

Hyderabad: Kishore Biyani-led Future Group on Monday said it has signed a definitive agreement to acquire retail and allied businesses of city-based Heritage Foods Ltd in an all-stock deal. Heritage Foods, which currently owns 124 retail outlets under the brand name Heritage Fresh, will get a 3.65 per cent shareholding in Future Retail through fresh issuance of shares. “We have ... Read More »

Court Asks Hotel Leela Venture To Pay Rs. 258 Crore Royalty To Airports Authority

New Delhi: The Delhi High Court on Monday upheld its single judge decision asking Hotel Leela Venture Ltd to pay Rs. 258 crore to Airports Authority of India (AAI) as royalty for possession of its property near Mumbai International Airport. “We affirm the destination reached by the single judge notwithstanding the route taken not being reflective of the journey undertaken ... Read More »

LeEco CEO Admits to Cash Crunch, Says Company ‘Over-Extended’

  The CEO of Chinese internet firm LeEco has told employees the company grew too quickly and is short of cash, according to a letter seen by Bloomberg News, weeks after it announced its US expansion. Billionaire Jia Yueting said his 12-year-old video-streaming company, which recently bulldozed into sectors as wide-ranging as self-driving cars, sports, smart phones, film making, and ... Read More »

iPhone 7, iPhone 7 Plus Tipped to Get a New ‘Jet White’ Colour Variant

  Apple put all the speculations to rest by announcing the iPhone 7 and iPhone 7 Plus in September. The smartphones came bearing no headphone jack and one variant did indeed come with a dual camera setup. The smartphones were launched in five colours, with the new one being Jet Black, while the Black (Matte) colour was re-introduced. However, a ... Read More »

LG G5 Starts Receiving Android 7.0 Nougat Update; Global Rollout to Begin Soon

  LG ensured that it was the first company that offered Android 7.0 Nougat out-of-the-box with its LG V20 smartphone. Now, the company has shown further commitment to provide the latest version of Android as quickly as possible and has started rolling out the Android 7.0 Nougat update, starting with its home country South Korea, for LG G5 users. The ... Read More »

Vivo X9, Vivo X9 Plus With Dual Selfie Camera to Launch on November 16

Vivo has announced that it is hosting an event in Beijing on November 16. At the event, the Chinese company is set to launch the Vivo X9 and Vivo X9 Plus smartphones. The highlight of the smartphones are that they sport a dual camera setup at the front, for better selfies and video chats. Unlike other phones that are focused ... Read More »

Samsung Galaxy Note 7 to Receive Update That Forces Users to Follow Recall

  After being unsuccessful in finding out the root cause of the Galaxy Note 7 explosions, Samsung killed off the flagship and asked all customers to switch off their phones and return it. The company notes that almost 85 percent of US users have returned the phone back to them; however the company looks to retrieve all of the units ... Read More »

Moto M Expected to Launch on Tuesday: Price, Specifications, and Other Rumours

  Lenovo is largely expected to launch the Moto M smartphone at an event in China on Tuesday. Running up to the launch, there have been several leaks that hint at the smartphone’s design and specification details. Alongside the Motorola Moto M, Lenovo is also expected to launch the Lenovo P2 smartphone in the country. There have been several additional ... Read More »