SpiceJet said it will start daily flights to Dhaka from Kolkata on Mar 23, its first to the Bangladeshi capital, and said it plans to introduce more international flights soon. With the Dhaka service, the total number of international destinations served by the company has reached seven. Last month, the airline announced a deal to […]
A memorandum of understanding was signed between the Central Council for Research in Ayurvedic Sciences (CCRAS) and University of Latvia to provide a structured framework for taking forward academic research activities in Ayurveda. An Ayurveda professor will be sent to the University through deputation. University of Latvia had developed the first Ayurveda professional development course […]
NIIT opened a new delivery center in Dublin, Ireland, which would create 100 more jobs over the coming months. NIIT’s Dublin centre of excellence is located in Dublin City University ALPHA, a research-intensive innovation campus. The centre will provide managed training services to leading Companies in Europe and North America, said the company, a leader […]
Tata-owned Indian Hotels Co Ltd denied reports that it was in talks with Hyderabad-based GVK Reddy family to merge their joint venture Taj GVK with Indian Hotels. The company was reacting to a news item in CNBC TV18 news channel claiming that the GVK family was negotiating a swap ratio for merging the two companies. […]
GoAir’s said it will start seven new flights from 21 August which would connect Delhi to Jaipur, Lucknow, Mumbai, Pune and Guwahati. Four direct flights connect Delhi, Jaipur and Lucknow. In addition, there will be three connecting flights start from Guwahati, Mumbai and Lucknow and lands at Jaipur, Lucknow and Pune respectively via Delhi. Almost all […]
Federal Bank has become the first private sector bank to start distributing gold coins made by government-controlled Metals and Minerals Trading Corporation of India. The Indian gold coins are of 24 karat purity, 999 fineness and has the National Emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi as in […]
Axis bank has cut its loan interest rate by 5 basis points across all tenures. With this, the marginal cost of funds-based lending rate for three year loans has been cut to 9.4% and that for 1 year loan, has been cut to 9.25%. The MCLR for one month is 8.90%. The new rate will […]
Banwarilal Purohit has been appointed as the Governor of Assam, Najma A. Heptulla as the Governor of Manipur and V.P. Singh Badnore as the Governor of Punjab. Prof. Jagdish Mukhi has been appointed as the Lieutenant Governor of Andaman and Nicobar Islands. Najma A. Heptulla is a former union minister in charge of minority affairs […]
Hathway cable and datacom said that it has decided to raise money by listing its subsidiary GTPL Hathway Pvt Ltd in India. Hathway said it will sell 9 mln shares of GTPL during the initial public offering (IPO). The cable operator also setup a committee to over see the IPO. It did not reveal the […]
NIIT Imperia along with IIM Calcutta announced the opening of a fresh batch for senior management program. The program is designed for senior level executives to transform themselves into strategic leaders within their organisationz, said NIIT. The course is open to anyone with ten years of experience and has scored at least 50% for their […]
Aksh Optifibre Ltd. will complete the acquisition of Unitape Mandovi Pvt. Ltd.Composites within 15-20 days, the company said. It said it decided to buy Unitape as it was engaged in the business of manufacturing fibre re-inforced plastic (FRP) rods. Aksh said FRP rods was also its own main line of business. Unitape has a production […]
Wipro has launched a cloud-based file transfer service for enterprises. Wipro’s Managed File Transfer as a Service (MFTaaS) platform utilizes Microsoft’s cloud platform Azure. File transfer software is used by companies to move large chunks of data from one location to another in a secure manner. Typical communication applications, such as email and messenger, do […]
Tata Power exited its stake in the PT Sorik Marapi Geothermal Power project in Indonesia. The company said it has sold — via its Singapore subsidiary — its 50% stake in OTP Geothermal Pte., which in turn owns 95 per cent interest in the 240 MW power project in North Sumatra. The stake was sold […]
Bharat Heavy Electricals Ltd announced that it secured an order for setting up 30 MW (3×10 MW) of Solar Photovoltaic Power Plants on engineering, procurement and construction basis from West Bengal State Electricity Distribution Corporation. The order is valued at Rs 169 crores. The SPV plants of 10 MW each are to be set up […]
Bosch India’s Security Technology business unit says it has expanded its product portfolio to suit its local customers and is increasing its investment for local research and development by around 30%. The company has localized production of products like amplifiers, speakers and conference systems. Localization helps it offer speakers and other products for the public […]
Cadila Healthcare said that US FDA has successfully closed an inspection at its facility at Changodar at Ahmedabad. The inspection was carried out in March 2016. The plant makes ointments and is not part of Moraiya formulations manufacturing plant, it said. The receipt of Establishment Inspection Report (EIR) “indicates the successful closure of the inspection […]
Canada-based software company SOTI said it will invest $12 mln and add 300 jobs in India over the next two years. The majority of the new positions would be in engineering and software development roles, it said. SOTI is a provider of enterprise mobility management and Bring Your Own Device solutions. The company, which has most […]
The cost of production of electricity fell to Rs 3.04 per kWh during the period from April to June 2016 from Rs 3.19 during the same period last year, the government said. This is mainly on account of rationalization of freight charges for domestic coal and reduction of imports, the government said in a statement. The […]
Yes Bank, one of India’s newest private sector banks, said it has no immediate plans of raising capital and denied media reports to the contrary. The bank, in a statement, said it has not appointed any merchant bankers to find buyers for any new securities or shares. Yes Bank was responding to media reports that […]
Thermax Ltd. said it will invest Rs 6 crores in First energy Pvt. Ltd. during this financial year. Thermax had acquired one-third stake in First Energy in July last year. The company did not disclose its present share in the unit. First Energy pvt. ltd. is an alternative energy solutions company. Thermax had paid about […]
