Business Roundup # Week 5

Business this week
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Flex-Engine Bikes On The Way

Two top motor-cycle makers are planning to unveil flex and electricity bikes in India, according to a report.

PTI quoted Transport and Shipping Minister Nitin Gadkari as saying they will launch the bikes shortly. A flex-fuel or dual-fuel vehicle is capable of running on both petrol and ethanol.

Reliance Offer May Hit Providers

Reliance Jio Infocomm’s 49 rupees offer to its users may force other operators in the sector to shut down their 2G network, according to a report.

It would force top operators like Bharti Airtel, Idea Cellular and Vodafone India to switch off their 2G network and move to the cost-effective and efficient VoLTE-based 4G network to save revenues.

Demand For Security Experts Soars

The demand for security experts has surged over the last three months as Indian companies seek to battle data leaks, according to a report.

A study by research firm Belong, said the demand for such professionals outstripped supply by three times in the period. The majority of the demand came from the technology, banking and financial services sector.

Trading Portal In Key Deal

Online automobile trading portal CarTrade has bought a 51 per cent stake in a vehicle and equipment auctioning platform, says a report.

The deal with Shriram Automobole India Private Limited (SAMIL), worth 157 crore rupees, will create the country’s largest online and brick and mortar vehicle transaction platform. CarTrade bought the stake through its subsidiary MXC Solution Private Limited from a unit of Shriram Transport Finance Company, the largest lender for used commercial vehicles.

Stable Credit Boost For Banks

The percentage of banks reporting a rise in non-performing assets (NPAs) in July-December last year has reduced significantly, according to a report.

This indicates a stable environment for banks. The latest Ficci-IBA survey,  which includes foreign entities, shows that 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than the 80% in the last round.

Kirana Stores Go High-Tech

Kirana stores in the country are quickly adopting modern technology and new business strategies to keep up with their bigger rivals, say a report.

They are also supported by major consumer products companies and technology service providers. This will help them to cater to the different aspirations and needs of consumers.

JioPhone Is No 1 featurephone

JioPhone is now the top feature phone in the market in the quarter to December last year, says a report.

It dethroned market leader Samsung in the segment for the first time due to the massive volumes it shipped towards the end of closing months of last year.

e-Pharmacies In Hiring Push

The e-Pharmacies sector is rushing to hire staff with an aim to double its employee count, says a report.

Companies such as img, Netmeds and PharmEasy complete over 1,000 orders per day and need more staff. These companies are hiring across positions, including pharmacists and tech staff.

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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