businessfortnight

22 July, 2019 – Jaipur:  Isuzu Motors India, a subsidiary of Isuzu Motors Limited, Japan, strengthens its sales and service offering in Jaipur with the inauguration of a new 3S (Sales, Spares and Service) facility of  ‘Akar ISUZU’ . The company also launched the new V-Cross –  Lifestyle and Adventure Utility Vehicle in the city, marking the start of sale from the new outlet. Akar ISUZU will operate from two touch points in Jaipur. The newly inaugurated 3S facility located at VK Industrial Area, spread over an area of 5500 sq.ft, is conveniently located to offer seamless sales and service support to customers. The other facility (showroom) with 2100 sq.ft is located in the city on Ajmer Road to provide quicker access to world-class ISUZU utility vehicles. The company also launched the new ISUZU D-MAX V-Cross, Lifestyle and Adventure Utility Vehicle in the city. The new V-Cross becomes more desirable with its awe-inspiring new design and class-leading features. The all new...

   The new rugged CT110 is designed to take on rough roads with ease. Priced attractively at Rs.37,997/- (Ex-Showroom Delhi), it offers the best value proposition in the entry motorcycle segment 22 nd  July 2019:  Bajaj Auto – The World’s favourite Indian, has launched the new CT110.  Typically, conventional 100 cc bikes perform adequately on smooth roads but are not geared to handle rough & tough terrain outside the cities. The new CT110 has been designed keeping in mind riding condition in all kinds of terrain. It comes with semi–knobby tyres, a raised ground clearance, stronger & bigger crash guards and a suspension that can take on the worst of roads and toughest of conditions. The upswept exhaust, rubber mirror covers and bellows on the front suspension give it a tough-as-nails appearance. At the heart of the CT110 is a tough 115cc DTSi engine that churns out 8.6 PS power and 9.81 Nm torque at 5,000 rpm thus ensuring a great ride even on incli...

The Indian luxury property market may not have been very attractive to the resident Indians in the recent past – but it scores high with the NRIs due to their greater buying power. Multiple factors draw the attention of NRIs towards this segment. For one, it promises a high standard of living to them if they chose to return to their country of origin. Also, the rentals can be decent if the property is located in a prominent employment hub. This segment has also not seen the kind of huge unsold inventory that was witnessed in mid-income housing, largely because builders consciously restricted new supply in this segment over the last couple of years. As per recent research by ANAROCK Property Consultants, the overall unsold inventory of luxury homes (priced Rs 1.5 crore – Rs 2.5 crore) declined by 12% to 42,650 units in Q1 2019 from 48,300 units in Q1 2018. Bangalore led from the front, recording a significant 49% reduction in unsold luxury stock within a year – from 6,370 units in Q1 2...

The Union Budget 2019 announced on 5th July brings in a mixed bag of emotions for the NRI investment community. While positives like better tenancy regulations and an enhanced NRI portfolio route back to India provide the much-needed stimulus to their confidence, some policies like the extension of taxation towards gifts received by NRIs could be worrisome for Non-Resident Indians. The benefits, however, outweigh the negatives as NRI investors can now unlock the full potential of the Indian real estate and capital markets. The following announcements of Union Budget 2019-20 provide a much-needed fillip to the NRI investors: Merging NRI portfolio route with FPI route to increase more NRI portfolio flows into India This move provides NRIs with seamless access to the Indian equity and bonds market, in line with the Foreign Portfolio Investment (FPI) route. While this move is expected to bring in more foreign funds into the Indian market, it simultaneously better equips NRIs to make infor...

S$10 million a year to be invested in SMART CAMP in a multi-year effort New interdisciplinary research group, SMART CAMP, will bring together 35 MIT and Singapore investigators Complementary and integrated programme with Singapore’s Agency for Science Technology and Research (A*STAR) cell manufacturing effort, supported by the National Research Foundation (NRF) SMART CAMP deploys MIT’s innovation methodologies in Singapore’s thriving biopharmaceutical industry, tapping market potential of billions a year SINGAPORE – 15 July 2019 –   Cell therapies, where cellular material is injected, grafted or implanted into a patient to treat a range of illnesses and medical conditions, are a vital and integral component of medicine today – promising treatment of However, significant challenges currently exist to prevent its widespread adoption including problems such as safety, potency, efficacy, and costs. To overcome these challenges, the Singapore-MIT Alliance for Research and Technology (S...

According to IndiaNivesh analyst Mr. Rajiv Bharati “IndiaNivesh begins retail journey by exploring smaller retailers who have displayed a little better control in the Indian retail space, which has had very few successful narratives. The shakeup in the Tier 1 market due to the aggressiveness of online retailers is still relatively lower in Tier 2, 3 and 4 markets (especially eastern Uttar Pradesh). Further, maintaining a tight leash on the monthly operating cost at Rs 120-170 per sqft, i.e.  14-20% of the revenue, is difficult to breach even for an online retailer (Amazon’s shipping + fulfillment cost is at 43% of revenue). The lucrativeness of the model has invited aggressive competition from home-grown entrepreneurs who have found external funding to open stores. We believe it’s a repeat of what we have seen earlier in Tier 1 markets, where store opening took precedence over store level profitability. We are also witnessing cracks in the challengers’ model with payable days gett...

New Delhi, July 12, 2019: Okinawa Scooters, a 100% Indian electric two-wheeler manufacturing company with focus on ‘Make in India’ has today inaugurated its dealership in the capital city. The dealership located at 76E Old Palam Road, Dabari Extention, Dwarka was inaugurated by Ishwar Mangla, Director, Garud Automobile in the presence of other dignitaries and guests. The state of the art dealership will be spread over a total of 1,600 sq. ft; which shall include an ample area for interacting with customers and providing the best after sales service and support. The company further shared that the recently announced 24×7 Roadside Assistance Programme (RSA) will also be available for all customers of the city immediately. Speaking on the sidelines of the launch, Jeetender Sharma, Founder & Managing Director, Okinawa Autotech Pvt. Ltd., said, “The newly launched dealership is testimony to our successful run in Delhi NCR where electric scooters are consistently witnessing an encouragi...