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Bahwan CyberTek to rejig fintech business

Information technology (IT) company Bahwan CyberTek (BCT) is planning to restructure its financial technology (fintech) vertical, including carving it out as a separate company to seek private equity investment, said a official on Wednesday. She also said the company is mulling multiple options including selling the fintech business if the price is right.”We are open

New liquidity requirement for NBFCs credit positive: Moody’s

Credit rating agency Moody’s on Tuesday said the new liquidity requirement for non-bank finance companies announced by the RBI is credit positive since it will reduce their risk due to liquidity shortfall that could disrupt their ability to collect repayments on loans backing asset-backed securities or ABS deals. The rating agency was commenting on the

Markets in red: Sensex down by 100 points

Taking a cue from global markets, the key Indian equity market indices on Tuesday opened lower.The Sensitive Index (Sensex) of the BSE, which had closed at 40,267.62 on Monday, opened lower at 40,196.Minutes into trading, it was quoting at 40,155.50, down by 112.12 points, or 0.28 per cent. At the National Stock Exchange (NSE), the

Toyota, Maruti Likely To Equip Upcoming C-segment MPV With Unique Features

The Toyota Glanza is the first outcome of the tie-up between Toyota and Suzuki. The Glanza looks quite similar to the Baleno and is likely to share its equipment too. The Ciaz and Ertiga are likely to follow the Baleno’s footsteps soon. First Toyota-Maruti model that won’t be just a rebadged model might be the

MG Hector vs Rivals: Which Midsize SUV Claims The Highest Fuel Efficiency?

MG Hector petrol mild-hybrid is the most frugal petrol option. Jeep Compass most efficient petrol-only option. Hyundai Tucson most efficient diesel with both manual and automatic. Hector second most efficient diesel option despite sharing the same engine as Harrier and Compass. Hector to launch in June 2019. The details and specifications of the MG Hector SUV

Key Indian equity market indices open in green

Despite a muted trend in global markets, the key Indian equity market indices on Thursday opened higher ahead of Prime Minister-elect Narendra Modi’s swearing in ceremony later in the evening.The Sensitive Index (Sensex) of the BSE, which had closed at 39,502.05 points on Wednesday, opened higher at 39,580.28 points. Minutes into trading, it was quoting

New government formation, GDP data to dictate equity trends

The formation of the new government at the Centre along with GDP data and derivatives expiry will dictate the trends of the Indian equity market in the coming week. The BJP-led National Democratic Alliance (NDA), which comprehensively won the just concluded Lok Sabha elections, will soon form the new government and appoint key Union Ministers.”Now

Citroen's Second Car In India After C5 Aircross To Launch In 2021

Citroen’s Second Car In India After C5 Aircross To Launch In 2021

Citroen will launch its first car for India, the flagship C5 Aircross SUV, by the end of 2020. The French brand is part of Groupe PSA, which first entered India with Peugeot in the mid-90s. Cars after the C5 Aircross will feature 90 per cent localisation; the C5 Aircross will be assembled locally.  Citroen will

MG Hector To Get Two Interior Colour Schemes - All-Black & Black-Beige?

MG Hector To Get Two Interior Colour Schemes – All-Black & Black-Beige?

MG Hector seen with black-and-beige interior scheme in spy images. Also seen with all-black interior in latest MG advertisement. Might get different interior in different variants. Recent spy images also reveal front parking sensors and 360-degree parking camera. MG Motor India has revealed some details of the upcoming Hector SUV like the exterior and the technology it

BIF asks TRAI to do fresh valuation drill for spectrum pricing

BIF asks TRAI to do fresh valuation drill for spectrum pricing

Broadband India Forum, an association of the telecom network and broadcasters has questioned the TRAI methodology of calculating reserve price for spectrum, alleging this has resulted in spectrum prices being unreasonably higher than global price lines. The assocation in a letter to the TRAI chairman R.S. Sharma has said “TRAI Methodology of calculating Reserve Price

High air fares to weigh heavy on passenger traffic growth

High air fares to weigh heavy on passenger traffic growth

Expensive air fares as a result of capacity constraint and high fuel prices are expected to further decelerate India’s passenger growth numbers, experts opined. Even though, there has been a growth in passenger numbers on a year-on-year (YoY) basis, the traffic on a sequential level has shown a negative trend.As per the Directorate General of

India networking market grew 33.8%, Cisco leads

India networking market grew 33.8%, Cisco leads

India networking market witnessed a 33.8 per cent year-over-year (YoY) growth in the fourth quarter of 2018, with Cisco dominating all three segments of the networking market, the International Data Corp said on Friday. The three segments — Ethernet Switch, Routers and WLAN — saw increased investments across the enterprise and service provider deployments. The

MG (Morris Garages) eZS Electric SUV To Launch In Late 2019; Will Have Over 300km Of Range

MG (Morris Garages) EZS Electric SUV To Launch In Late 2019; Will Have Over 300km Of Range

MG eZS or ZS Electric is a compact SUV, similar to Hyundai Creta and Nissan Kicks in size. Will be a direct rival to the Hyundai Kona Electric, which is also scheduled to launch around the same time in India.   MG claims a range of over 300km, similar to the Hyundai Kona. It is

MG Motor’s 2 Year Plan, 4 More SUVs After Hector Launch

MG Motor’s 2 Year Plan, 4 More SUVs After Hector Launch

MG’s initial products for the Indian market will only be SUVs. A 7-seater variant of Hector is also in the works. All-electric eZS SUV will be offered by end-2019 and will initially be brought in through the CBU route. An SUV smaller than the Hector is likely to be launched in 2020. The fourth SUV

Volkswagen, Skoda, Audi & Other VW Brands To Merge In India

Volkswagen, Skoda, Audi & Other VW Brands To Merge In India

Volkswagen has three entities in India which will be brought under one leadership. The move is part of the Volkswagen Group’s ‘India 2.0’ strategy. The leadership role will be fulfilled by Gurpratap Boparai, chief of VW Group India. German car conglomerate, Volkswagen Group, has decided to merge all three of its entities Volkswagen India Private

US dollar rises amid declining euro

US dollar rises amid declining euro

US dollar rises : The US dollar increased amid a weaker euro, as latest data showed the euro zone suffered sharp contraction in manufacturing sector, raising concerns over a slowdown in the region’s economy. In late New York trading on Tuesday, the euro decreased to $1.1198 from $1.1211 in the previous session, and the British

Ninth Edition Of Royal Enfields One Ride To Be Held On April 28

Ninth Edition Of Royal Enfields One Ride To Be Held On April 28

The ride will take place in 300 cities across India. Theme for the ninth edition is ‘Ride as One’. Enthusiasts can either join the ride or host one by visiting the company’s official website. If you’ve always wanted to go on a road trip along with other fellow Royal Enfield enthusiasts, you’re in luck. Royal Enfield is

Toyota Yaris Secures 4 Stars In Latin NCAP Test

The structure is rated unstable but the passenger protection offered helped it retain the 4-stars. Lack of ISOFIX marking and a passenger deactivation switch contribute for loss of a star for child occupant safety. Brazilian model comes with 5 fewer airbags compared to the Indian one. Toyota’s answer to the Honda City, Hyundai Verna and the Maruti

100% relocation to Trai’s new cable TV and DTH authority

100% relocation to Trai’s new cable TV and DTH authority

NEW DELHI: Nearly 19 crore pay TV subscribers migrated which Telecom regulator TRAI new broadcasting tariff authority has seen, almost the entire stretch of cable and customers. Though imposition in the new addressable system have gone up in certain pockets, especially in rural and remote areas. As the time for shifting to the new government

Lightning Strikes Back! This Electric Bike Can Do 241kmph!!

Lightning Strikes Back! This Electric Bike Can Do 241kmph!!

The Lightning Strike is available in three variants: standard, mid-range and Carbon edition. While the entry-level variant has a top speed of 217kmph, the top-end Carbon edition can go up to 241kmph. The Carbon edition gets Ohlins suspension, Brembo brakes, carbon-fibre parts, and other high-end components. After launching the insanely fast LS-218, Lightning Motorcycles has now