Business Roundup # Week 9

Business this week
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India’s 4G Speed Ranked Lowest

India’s 4G is the lowest among 88 countries, with average speed at 6.07 Mbps, says a report.

The speed has declined from the earlier 6.13 Mbps in the previous report. According to the latest report by OpenSignal, India is also top among the countries in terms of 4G availability.

Kawasaki Eyes Premium Bikes

Kawasaki Motors will boost its market presence in the premium bike segment in India, says a report.

The company, which snapped ties with Bajaj Auto in April 2017, said the premium bike market is expected to grow 30 per cent every year. The company is presently assembling bikes, with engine capacities ranging between 300 cc and 1400 cc, at its own factory at Pune.

Apology Is Ruled Out

The Cellular Operators Association of India (COAI) has refused to apologise to Reliance Jio Infocomm after the company demanded one in a defamation notice, reveals a report.

The COAI, which represents all major telcos, said that there was no worthy reason to apologise to the Mukesh Ambani-led company as it only had differences with the Trai order and not any specific operator

Walmart To Go Online

A new online shopping experience will be unveiled by Walmart in the next few weeks, according to a report.

This will allow shoppers discover new items based on their style at the store. This is part of a broader strategy to redesign its site, focusing more on fashion and home furnishings.

Kia’s Indian Model On Way

Kia Motors is planning to launch its India-built SP Concept SUV from its upcoming manufacturing facility in Andhra Pradesh by mid-2019, reveals a report.

The model was showcased at the recent Delhi Auto Expo. This model will be catering to domestic market in India, the company said.

Porsche Planning Electric Vehicle

Porsche is planning to launch an electric vehicle (EV) in India in the beginning of 2020, a report said.
The luxury car maker, which started operations on India in 2012, has so far been selling fully imported cars here as the company does have any manufacturing or assembly units outside its home country Germany.

Samsung To Unveil Wind-Free AC

Samsung India will bring the world’s first “Wind-Free” air conditioner to the country, according to a report.

With a starting price of 50,950 rupees, the AC provides ideal condition to room temperature with the help of 21,000 micro air holes, without the discomfort of direct airflow and also reduces energy consumption by up to 72 per cent, the company said.

Huawei To Re-focus On India

China’s Huawei Telecommunications is planning to refocus on the Indian market to spur its global growth, according to a report.

The world’s third-largest smartphone maker is aiming to crack the Indian market this year and will adopt a dual brand strategy with the Honor brand for the purpose.

E-Retailing Growth To Surge

The e-retail market is set to surge two-fold over the next three years, according to a report.

This will happen as players shift from discounts to consolidation, geographical diversification, business realignment and enhancing customers loyalty, says a report by Crisil.

Babu Kalyanpur

Babu Kalyanpur, ( Consulting Editor) has rich experience in both sports and business journalism. Babu has led news desks in Pune and Bahrain and writes extensively on his passion, sports and business besides current affairs and matters of importance to Pune.

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