Market News
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Irdai asks insurers to tie senior exec performance to customer service
India's insurance regulator, Irdai, is changing how insurance company executives are evaluated. Performance and pay will now be linked to customer results, not just financial numbers. Insurers must also share more data on product performance and customer service. This aims to build trust and accountability.
Tesla to establish sales and service centre in Hyderabad
Electric vehicle maker Tesla is preparing to open a sales and service centre in Hyderabad. Representatives met with Telangana's IT Minister D Sridhar Babu. The state government highlighted its strong ecosystem for electric vehicles and advanced technologies. This move signifies Tesla's expansion plans in India. The minister invited Tesla to explore further investment opportunities in Telangana.
India's private sector growth fades in May as a manufacturing growth slows
Growth across India's private sector economy faded slightly halfway through the first fiscal quarter, with the latest HSBC Flash PMI figures showing weaker increases in total new orders, international sales, employment and business activity. After retreating in April, input price inflation ticked higher, but firms limited the pass-through of additional cost burdens to clients by lifting output charges to a lesser extent. Service providers outperformed manufacturers and experienced softer inflationary pressures. Registering 58.1 in May, the HSBC Flash India PMI Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors was down only marginally from 58.2 in April and therefore signalled another marked expansion in private sector activity. Underlying data showed that a pick-up in growth across the service economy was offset by a weaker increase in factory production, one that was the ...
Adani Ports to acquire 100% stake in Jaypee Fertilizers & Industries
JFIL is the holding company of Kanpur Fertilizers and Chemicals (KFCL) (which has certain industrial and commercial lands in Kanpur). KFCL holds ~243 acres of land in Kanpur, strategically ideal for development of a world-class logistics park and warehousing facilities aligned with the Company's logistics business. The acquisition shall further consolidate Company's inland logistics presence and service capabilities in North India. The acquisition aligns with Company's ambition to expand its MMLP network from 12 to 16 and warehousing capacity by c.4x by the year 2031.
AI use cases may lead to Rs 100 crore savings for Air India
Air India is leveraging AI extensively, developing over 30 in-house tools to save approximately Rs 100 crore annually. These AI applications range from customer service, reducing call volumes by 50%, to complex operational tasks like predictive maintenance and optimizing on-time performance across its fleet. This digital overhaul aims to enhance efficiency and address the airline's accumulated losses.
Tailift Group introduces intelligent sheet metal processing solutions to the Indian market
Tailift Group has established TLF INDIA MACHINERY SOLUTIONS PRIVATE LIMITED as its Indian sales and service center, enhancing local support for its metal sheet processing equipment. This strategic move, backed by over 50 years of experience and a global network, aims to bolster Tailift's presence and offer advanced smart manufacturing solutions to the Indian market.
Airtel launches priority postpaid 5G plans to offer faster, reliable telecom services
Bharti Airtel introduces its latest innovation: Priority Postpaid 5G plans, leveraging state-of-the-art network slicing technology to deliver unmatched speed and reliability. These plans, available from Rs 499 to Rs 1,749 (excluding GST), are ideal for those who crave top-tier mobile service, especially in congested areas.
How Orange Health Labs is trying to become the Zepto of blood tests
The Bengaluru-headquartered upstart is trying to turn diagnostics into an on-demand consumer service. It promises home sample collection in under 60 minutes, and report delivery within six hours. But not everyone is convinced.
Airtel launches 'Priority Postpaid' with a 'slicing' tech: Check the 5G plans
Bharti Airtel has launched "Priority Postpaid," a new service leveraging 5G slicing technology to enhance network experience for postpaid users. This innovation prioritizes connectivity for premium customers during high-traffic situations, ensuring stable performance for work and daily digital needs. It marks India's first deployment of slicing-based 5G services, offering a more reliable and dependable mobile experience.
SBI must pay Rs 5 lakh to woman despite 6-year delay in claim: Nagpur consumer panel
A Nagpur consumer commission directed SBI to pay Rs 5 lakh to a widow. The payment is for an insurance claim filed six years late. The commission cited the widow's mental shock after her husband's sudden death. It stated the bank failed to inform customers of their rights. The bank's refusal was deemed a deficiency in service.
Starbucks to open first corporate office in India for tech jobs
Starbucks is establishing its first corporate technology office in India, aiming for fiscal year 2027 to bring outsourced roles in-house and reduce costs. This move is part of a broader strategy to cut $2 billion in expenses and decrease reliance on external service providers, following recent layoffs and a shift of some tech roles to Nashville.
DMRC launches hydrogen-fueled shuttle buses in Central Vista
Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government offices. This move supports sustainable transportation in the capital.