Business Archives - Page 5 of 23

DJI gets into the battling robot business

June 12, 2019June 12, 2019 Loknath Dasbattling, DJI, Gets, Into, The, ‘robot

A little less than a month ago, DJI branched out from the world of gimbals and drones with the release of the Osmo Action, a new action camera that put GoPro firmly in the company’s sites. Now it’s back with another new category: educational fighting robots. The RoboMaster S1 seems like an odd fit at first, but the company’s quick to point out that robotics are an important part of DJI’s DNA. Founder and CEO Frank Wang studied robotics in school, and in recent years, the company has put on a series of robotic fighting tournaments in…

SpiceJet Offers Business Class Seats on Boeing 737 Acquired from Jet Airways, Discounts Upto 40 Percent

May 8, 2019 Loknath Das40, 737, Acquired, Airways, Boeing, business, Class, Discounts, From, Jet, Offers, On, Percent, seats, SpiceJet, Upto

Gurugram –based carrier Spicejet is now offering fares at 30-40% less than its competitors. Reports citing experts suggest that the average business class fares are likely to moderate in the near future following the conclusion of operation of India’s largest provider, Jet Airways. The company is offering lowered price on domestic routes between major cities like Delhi, Mumbai, Kolkata, Bengaluru and Hyderabad starting May 11. Since Jet shuttered, SpiceJet is operating the Boeing 737-800 aircraft with the unchanged seat configuration including the business class cabin. So far, SpiceJet has inducted…

Softbank may invest in Jio as Mukesh Ambani deleverages business

April 24, 2019 Loknath DasAmbani, As, business, deleverages, In, Invest, Jio, May, Mukesh, Softbank

NEW DELHI: Japan’s Softbank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25% stake in Reliance Industries’ refining and petrochemical business for $10-15 billion. “Softbank has long been seen as a potential investor in Jio,” JPMorgan said in a research report.”For the past 2 years, our conversations with investors have highlighted expectations of Softbank investing in Jio and hence…

Redefine business through Industry Internet of Things

April 14, 2019 Loknath Dasbusiness, Industry, internet, of, Redefine, Things, through

The fourth wave of the Industrial Revolution, Industry Internet of Things (IIoT) is not only redefining the businesses but also the complete ecosystem. McKinsey reported that B2B IIoT applications would contribute around 70% to the global estimated market of $11.1 trillion by 2025. The traditional business models will be no help to the existing business to gain a competitive advantage, and thus business leaders have to rethink and discover new ways, designs and business models embracing IIoT. Non-ownership business models provide an excellent opportunity to carve mutual benefits by sharing…

Delta Reveals New Business Class Seats For Boeing 767-400s

April 6, 2019 Loknath Das767-400s, Boeing, business, Class, Delta, for, New, Reveals, seats

Since it unveiled its all-suite business-class concept back in August 2016, Delta has been hard at work revamping the premium cabins across its fleet. The first Delta One Suites with closing doors went into service aboard the airline’s Airbus A350s back in October 2017, and the airline currently has 12 of those aircraft in its fleet. Delta is also in the process of retrofitting its Boeing 777s with the new suites, and fliers can already find them aboard the aircraft on routes such as those from Los Angeles to both Shanghai and Sydney. The…

Time Mindtree, L&T top brass sat and talked real business: Phaneesh Murthy

March 26, 2019 Loknath Dasand, brass, business, L&T, Mindtree, Murthy, Phaneesh, Real, sat, talked, Time, Top

The Indian IT industry, which went through a high growth curve, has now entered a more mature phase. Many Indian companies today compete effectively against global peers across geographies. It is typical of a mature industry to undergo consolidation through mergers and acquisitions and the Indian IT industry is no different. From targeted IP-driven acquisitions to mergers such as the ones between iGate and Patni and then subsequently Capgemini and iGate, KPIT and Birlasoft, as well as Atos acquiring Syntel, this consolidation trend is here to stay. All these, however, were done with buyers…