Business Roundup # 19

Business
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Subscribers Surge

India’s telecom industry posted a big growth in number of subscribers, according to the country’s regulator.

The Telecom Regulatory Authority of India (TRAI) said the combined mobile and landline subscriber base reached 1.18 billion at the end of February, growing 1.17 per cent over the previous month. The growth was boosted by the addition of 13.75 million mobile users last month.

Skoda Eyes growth

Czech carmaker Skoda is targeting a 25 per cent growth in India this year, it said.

The company’s India unit, Skoda Auto India, is hoping to achieve the target by offering enhanced customer service, two new models and upgraded existing models and services.

Major Push

Chinese smartphone makers Oppo and Vivo are planning to spend Rs 2,200 crore in a major push to penetrate the Indian market, according to a report.

The amount will be spent on marketing their products, overtaking the combined spend by its rivals Samsung, LG, Videocon and Sony. The companies also plan to in expand their sales network by including non-conventional stores like mobile recharge and repair outlets and consumer electronic stores to sell their smartphones.

Myntra Seeks Deal

Myntra.com is in key talks with premium US lifestyle products company Ralph Lauren to seal an exclusive online deal for selling its products in India, according to a report.

The New York-based fashion house is looking to sign two deals for India – one online and one for brick-and-mortar stores.

Breaking barriers

PepsiCo is taking the language route to woo consumers in India’s regional markets, according to a report.

The US beverage and snacks maker is adding eight regional languages, including Marathi, Gujarati, Punjabi, Bengali, Tamil, Malayalam and Telugu to its bottle and caps to increase its customer base in a fiercely competitive sector.

Diesel Jaguar on way

Jaguar Land Rover (JLR) has started accepting bookings for the diesel variant of its Jaguar XE model in India, says a report.

The Tata Motors-owned firm said that the engine of the new vehicle will give a power output of 132 kw. The diesel variant will be in addition to the petrol model which was launched in February 2016, the company said.

India investments set

The new owners of Nokia and BlackBerry are planning to invest Rs 200 crores each to re-enter the Indian smartphone market next month, according to a report.

The companies are planning to tap the nostalgia factor of its customers to launch a major drive in India. The iconic Nokia 3310 will launch in June with limited availability with an eye to boost sales of other smartphone models. The BlackBerry brand licence-owner in India, Optiemus Group, will launch a model in June, followed by another one in July.

Facebook-Airtel tie-up

Facebook has signed a deal with Bharti Airtel to set up 20,000 WiFi hotspots across the country to provide internet services, says a report.

The tie-up will ensure affordable Internet Services through the Facebook’s Express WiFi service over the next few months. The project is in the planning stage, Airtel said.

Damage allowance

Amazon India is offering an allowance to its customers as cover for potential damage during transit, according to a report.

The company said that it will pay a fixed percentage of the selling price of every unit shipped. Consumers have always been frustrated by the damages to products and the long-winding return process.

Funds raised

Restaurant automation provider Devourin has raised seed funding from Relfor Labs’ Deepak Nathani, says a report.

Following the investment, Nathani has acquired a 20pc stake in the company. Devourin provides a cloud-based platform for food businesses.

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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