 "LIC allocates Rs 600 crore for a bold digital transformation, aiming for a paperless future amid fierce market competition.")
Life Insurance Corporation of India (LIC) is investing Rs 600 crore in its digital transformation to become fully paperless within two years. At a recent event in Mumbai, Chief Risk Officer Sunder Krishnan shared details about the investment, which includes hiring a system integrator and consultants for various aspects of the transformation. LIC has partnered ...
 "Revolt Motors unveils its affordable RV1 electric motorcycle, igniting fierce competition in India’s burgeoning e-motorbike market.")
Revolt Motors has launched its first electric motorcycle, the RV1, priced at an introductory cost of Rs 84,990. This comes after competition from Ola Electric’s Roadster series, which starts at Rs 74,999. The RV1 is available in two battery options, offering a range of up to 160 km. Additionally, a premium variant, the RV1+, is ...
Bajaj Housing Finance Ltd (BHFL) made a remarkable Market debut, significantly boosting the Bajaj Group’s Market capitalization to Rs 13.6 trillion, up by 9.3% from the previous figure of Rs 12.1 trillion. BHFL’s Market cap soared to Rs 1.37 trillion, exceeding its IPO valuation of approximately Rs 58,300 crore. In contrast, the Adani Group’s Market ...
 "iPhone 16 Pro faces 12.7% demand drop, while base models thrive. Competition and past features hinder Pro series appeal.")
The new Apple iPhone 16 series is seeing lower demand than expected, as reported by analyst Ming-Chi Kuo. Pre-order sales for the iPhone 16 models were down by 12.7% compared to last year’s iPhone 15 series, especially for the Pro models. The iPhone 16 Pro Max had 17.1 million pre-orders, down 16% from the previous ...
 "In a dramatic showdown, India’s aggressive coach Gambhir faces Bangladesh, igniting fierce competition as Kohli leads the charge.")
India’s cricket team, led by head coach Gautam Gambhir, is gearing up for a two-match Test series against Bangladesh starting September 19 in Chennai. Former cricketer Ajay Jadeja highlights Gambhir’s aggressive coaching style, promising a dynamic and exciting approach. He believes Gambhir will actively push the team and avoid a passive attitude during the matches. ...
 "Regulatory reports expose Samsung and Xiaomi’s collusion with Amazon and Flipkart, breaching antitrust laws and harming competition in India.")
Recent investigations by India’s Competition Commission have found that major smartphone brands like Samsung and Xiaomi colluded with Amazon and Flipkart to break antitrust laws. Reports indicate that these companies engaged in exclusive product launches and prioritized selected sellers, harming competition and local retailers. Both Amazon and Flipkart allegedly favored preferred sellers, offering them discounts ...
 "As Haryana’s assembly elections draw near, BJP aims for a hat-trick amid fierce competition from a resurgent Congress party.")
Polling for Haryana’s 90 assembly seats is scheduled for October 5, 2024, with results to be announced on October 8. Prime Minister Narendra Modi, along with other top leaders like Amit Shah, J P Nadda, and Yogi Adityanath, will be spearheading the BJP’s campaign. The party is determined to achieve a third consecutive term, but ...
 "Amazon and Flipkart face antitrust findings in India for preferential treatment of sellers, igniting a fierce competition debate.")
An Indian antitrust investigation has concluded that Amazon and Flipkart violated local competition laws by favoring specific sellers on their platforms. The Competition Commission of India (CCI) initiated this probe in 2020, following complaints that these companies promoted select sellers over others. The findings revealed that preferred sellers appeared more prominently in search results, marginalizing ...
On September 11, 2024, semiconductor stocks experienced a significant rise following Prime Minister Narendra Modi’s speech at the Semicon India 2024 event. He emphasized India’s commitment to boosting its semiconductor infrastructure and highlighted the country’s potential to become a global leader in chip manufacturing. Modi stated that India holds 20 percent of the world’s talent ...
 "Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.")
Dixon Technologies (India) has recently announced plans to sell its 50% stake in the joint venture AIL Dixon Technologies to Aditya Infotech. The move comes with approval from India’s fair trade regulator, the CCI, which has also cleared Aditya Infotech’s acquisition of a stake in AIL Dixon Technologies. The joint venture specializes in manufacturing electronic ...
