BUSINESS
Maaza next in line to become a billion-dollar brand: Coca-Cola India
Expected to touch this milestone in 2024. For the beverages major, Thums Up and Sprite are the latest to have achieved the billion-dollar brand mark.
AUTOMOBILE
Kia expects ‘blockbuster’ festive season as increased supply accelerates sales growth
Kia India has grown at around 25-30% so far in 2022 and expects to maintain this momentum over the remaining months of the year, said Hardeep Singh Brar, Vice President, and Head of Sales & Marketing.
BUSINESS
Prime Minister Narendra Modi witnesses 5G use cases
The Ministry of Communications and Information Technology sees 5G as a transformational force for Indian society, helping leapfrog barriers to development and spurring innovation. Its cumulative economic impact could be of the order of $450 billion by 2035.
BUSINESS
Cadbury’s maker ‘cautiously optimistic’ over festive demand; hopes to grow volumes further via diversification
Mondelez India’s senior director for sales Desmond D’souza told Moneycontrol that unlike the last two years that were marred by successive COVID-19 waves, this year’s festival season is expected to reflect the demand witnessed during the pre-pandemic era
BUSINESS
Connectivity thrust: New international UDAN routes soon; promotion of air cargo services at select airports
UDAN is aimed at providing regional connectivity and affordability in the domestic sector. Based on the same template, International UDAN has been designed to provide connectivity with overseas destinations. It is not funded by the Centre, but by state government budgets
BUSINESS
As drones fly high, Centre mulls rushing in more PLI fuel
From Rs 88 crore before the production-linked incentive scheme was announced, the drone sector turnover has more than trebled to Rs 319 crore in fiscal 2021-22, much higher than the scheme's target of Rs 200 crore
BUSINESS
New connections, feeder traffic grew Vistara’s market share: CEO
In July 2022, the full-service carrier became the second largest airline in India, with a 10.4 per cent share of the domestic market.
BUSINESS
IndiGo sees tailwinds from festive travel, airfare cap removal
The removal of airfare caps and the upcoming festive season are expected to boost demand. Enhanced meal options, as well as better seats and cargo business, will also augment growth, says the airline.
BUSINESS
Spurring Growth: Fare cap withdrawal to give aviation wings, says DGCA chief
The regulator said all Indian airlines are following standard operating systems for safe operations and there was no need to panic because of some routine snags reported recently.
BUSINESS
Premium handset makers to gain market share as consumers seek more features
Mobile phone users are increasingly upgrading to devices that allow them to consume and generate content and play graphic-rich games, among other features
TRENDS
Pride Month 2022: How India Inc is supporting LGBTQIA+ financial inclusivity
The financial inclusion measures have taken different forms: support for LGBTQIA-owned businesses, special jobs fair and HR policies like insurance for same-sex couples.
BUSINESS
Green offensive: Maruti plans to offer more nameplates with CNG option
There is speculation the company may roll a CNG version of the Brezza; one of the key reasons for the rise in sale of CNG variants is the lower operating cost — at a third of the petrol version.
BUSINESS
Why it makes sense for Air India to place a mega aircraft order?
The expected aircraft order will give an operational boost to the airline, help in image building and reduce delays caused by aircraft maintenance issues. The older generation of aircraft in its fleet restricts efficiency and their replacement will be handy in taking on competition from budget carriers on the one hand and Gulf-based airlines on the other.
