Bajaj to Roll Out Husqvarna
Pune-based Bajaj Auto is set to manufacture Husqvarna, one of the oldest motorcycle brands in the world, a report says.
The company holds a 47 per cent stake in Austrian firm KTM, whose promoters own Husqvarna. Bajaj will produce the bikes at its Chakan facility, where the company plans to increase capacity by two lakh units in a year.
Jio 4G Handset Entry set
Reliance Jio Infocomm may launch its low-cost 4G VoLTE phone later this month which may disrupt the already volatile market, says a report.
According to a brokerage firm, it may be priced as low as Rs 500. The launch could happen around July 21 when the parent company, Reliance Industries, holds its annual general meeting.
Deskera Eyes Expansion
Enterprise software company Deskera is planning to boost its presence in India, a top official said, according to a report.
The firm is eyeing a data centre In Andhra Pradesh and offices in Chennai, Hyderabad and Bengaluru after its operations in the country grew rapidly since its launch last year. The company plans to invest Rs 125 crore for its data centre, the official said.
Despite competition, Spanish fashion brand Zara posted a 21 per cent growth in India, crossing the Rs 1,000 crore sales mark, according to a report.
However, profits nearly halved as Zara was forced to cut prices in the face of competition from rival brands H&M and GAP, who entered the country a couple of years ago.
New Mercedes Model
Mercedes Benz has launched its new GLA compact luxury SUV priced at Rs30.65 lakh to Rs 36.75 lakh ex-showroom New Delhi, says a report.
The new vehicle has been unveiled by the company in a bid to maintain its market momentum and register double digit growth by the end of the year. The luxury car maker had posted flat growth last year.
Capgemini to Hire
French IT services firm Capgemini is planning to hire more than 20,000 people in India this year, according to a report.
The company has also re-skilled around 45,000 staff as it moves towards automation. It hired 33,000 people last year and re-skilled 51,000.
US-based Amazon has infused Rs 341 crore into its Indian subsidiary Amazon Wholesale, says a report.
Amazon Wholesale focuses on retailing and caters to small stores and offices. It supplies FMGC products, consumables and small appliances.
Mobile phone makers and contract manufacturers are on track to bring their production back to normal shortly after having cut it by 15% in June, says a report.
The move comes after the government clarification on taxes and levies on the manufacturers. A 10% basic customs duty has also been levied on imports of mobile phones to protect domestic protection.
Apple Stores Delay
US-based Apple is unlikely to open its own stores in India before 2020, a report says.
It was earlier reported that Apple was seeking locations to build brick-and-mortar stores in the country. Apple wants to initially set up two stores, in Delhi and Mumbai, on the lines of its iconic store in New York. However, it may take the company time to find the 10,000-15,000 space needed for such stores.