Autos to log double-digit volume decline: ICRA

‘Good recovery expected only in FY22’ The Indian automobile sector is expected to log double-digit decline in volumes in the current year across all vehicle segments, except tractors, with good recovery expected only in FY22, as per rating agency ICRA. “The volumes in the automotive industry have been pushed back by almost over 10 years,” said ICRA. “The FY21 volumes […]

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Aurora Cannabis Sells Entire Stake In Australia’s Cann Group

Canadian cannabis company Aurora Cannabis Inc. has sold off its entire stake in Australian medical marijuana company Cann Group Ltd., noting that the decision was consistent with its current strategic priorities. Aurora Cannabis said in a filing with the Australian Securities Exchange that it has disposed of its entire position in Cann Group, effective October 9, 2020. Cann Group is […]

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Twilio To Acquire Segment For About $3.2 Bln – Quick Facts

Cloud communications company Twilio Inc. (TWLO) said Monday it has agreed to acquire customer data platform Segment for about $3.2 billion in Twilio Class A common stock, on a fully diluted and cash free, debt free basis. Shares of Twilio are rising almost 8 percent following the announcement. The boards of directors of both Twilio and Segment have approved the […]

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Google Pixel 4a launched at introductory price of ₹29,999

It will be available in India from October 16 NEW DELHI Google on Friday announced its Pixel 4a smartphone will be available in India from October 16 at a special launch price of ₹29,999. The company also announced a special launch price of ₹6,999 for its Nest Audio smart speaker. Both devices will be available on Flipkart as part of […]

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Mahindra & Mahindra opens bookings for new Thar SUV

Vehicles in the price range of ₹9.8 lakh and ₹13.75 lakh; delivery will start from November 1, 2020 Mahindra & Mahindra Ltd. (M&M) has opened the online and offline bookings for the new Thar SUV from Friday and said the delivery of the vehicle will start from November 1, 2020. Thar has been introduced on the occasion of M&M’s 75th […]

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Commit to a policy before buying it

Many take insurance cover for the wrong reasons, ignoring the underlying serious purpose With no social security scheme worth its name covering a majority of the citizens of our country, it has become imperative for everyone to opt for individual insurance schemes or policies. While doing so, many commit some common mistakes, as a result of which those policies do […]

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Vistara CEO says no layoffs; salary cuts to be reviewed in Jan 2021

Domestic airlines industry has been significantly impacted by the coronavirus pandemic and subsequent suspension of local and international flight services Vistara, which has implemented various cost-saving measures amid the coronavirus pandemic, will review salary cuts in January but has not laid off any of its nearly 4,000 employees, according to the airline’s chief. Domestic airlines industry has been significantly impacted […]

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Travel and tourism may lose ₹5 lakh crore: study

‘Sector needs urgent steps for revival’ The Indian travel and tourism industry, one of the worst-impacted sectors by the COVID-19 pandemic, may suffer a loss of ₹5 lakh crore, or $65.6 billion, this year, according to the latest research report from the Confederation of Indian Industry (CII) and hospitality consulting firm Hotelivate. “The entire value chain linked to travel and […]

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