Business Roundup # Week 37

Business this week


Infosys Hiring

IT giant Infosys will continue to hire about 6,000 engineers annually over the next one or two years, according to a report.

This is in line with its policy last fiscal, a company official said. Infosys has also boosted hiring in other markets like the US and Europe. This is in spite of recent problems with the board and change of personnel.

Audi India Drive

Audi India is planning to offer a mixed product portfolio by 2020 to include alternative fuels, says a report.

The company said that its vehicles will be powered 50 per cent by diesel and the rest by alternative fuels including petrol and EVs. The company has a currently has a mix of 70% diesel and 30% petrol which may rise to 35 to 40% in favour of petrol by 2018.

Centre Set Up

Mondelez International has opened its largest systems hub in India in Mumbai to boost innovation and logistics for its global operations, according to a report.

The centre, along with the ones in Costa Rica and Bratislava, would build and deliver information systems and business processes. The company is famous for its Cadbury Dairy Milk and Oreo.

Eicher In Fray

Siddartha Lal-led Eicher Motors is set to make a major bid of $18-2 billion for Italian superbike maker Ducati in the coming weeks, sources said, according to a report.

The Delhi-based firm may end up as the only Asian company left in the fray in the Ducati auction. Meanwhile, the company is in talks with global banks and consulting firms to finalise financing and structuring terms.

YouTube Regional Content Popular

Regional content is boosting the popularity of India YouTube India, reveals a report.

The video platform claims that its regional viewership growth has tripled over the last two years. This has led it to make content creation from Tamil, Telugu to Haryanvi a profitable business.

Trakpod To Launch

Trak N Tell is launching a new IoT product that can fit into a car’s diagnostic port and detect troubles and alert drivers on the engine health and other things, according to a report.

The Gurgaon-based startup is WhatsApp co-founder Brian Action’s first investment in India.  Trakpod will be launched in both 2G and 4G variants.  Trakpod hopes the product can compete in the Internet of Things (IoT) markets including the US, Europe and Africa.

Vistara To Fly International

Vistara is planning to start international flights in the near future, a report reveals.

The airline will have 20 aircraft by March next, beating its original schedule by three months. This will make it eligible to fly on international routes as the rules require an airline to have at least 20 aircraft on its domestic routes.

Airtel Takes On Jio

Telecom operator Bharti Airtel is planning to launch voice services as early as next week using the same 4G technology used by Jio, says a report.

This will help the firm take on Jio, whose entry has started a price war among the telecom firms. The Voice over LTE (VoLTE) technology offers more clarity and the company hopes to cover the whole of India within this year.

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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