Zee Media Corporation Limited swung to a profit for the Apr-Jun quarter after it was able to control its expenses, especially in its print arm of DNA. The company cut expenses across the board including operating expenses, employee expenses and marketing costs. Total revenue fell 5% to 128.2 crore compared to same quarter last year, […]
JSW steel said its monthly crude steel production jumped 27% in August to 13.52 lakh ton. Production of flat rolled products was up by 15% to 9.71 lakh tonnes. Output of long rolled products jumped 24% to 2.51 lakh tonnes, the steel company said. It said that the output of crude steel for the month […]
NaanDanJain Irrigation Ltd., a producer and provider of tailor-made irrigation solutions company, said it entered into an agreement worth 18.7 million Euros with Ministry of Agriculture and National Development, Eritrea, for the supply and installation of solar-powered drip irrigation systems. NaanDanJain irrigation Ltd is a wholly owned subsidiary of Jain irrigation and is head quartered […]
The fair trade regulator, Competition Commission of India (CCI), said it has disposed off more than 600 of 750 anti-trust cases handled by the Commission by now i.e. about 80 per cent of the total cases. “Of the information filed, now 80 per cent is not subject to any investigation as only 20 per cent […]
Film production house Eros said it will release Malayalam drama Olappeeppi starring Biju Menon on September 23. The film portraits the story of various impacts and the socioeconomic changes that occurred in the state of Kerala due to the execution of the Land Reforms Act in 1970. The film especially focuses on the turmoil created […]
Uflex, India´s largest FMCG packing company, said it developed an product that can potentially give the company an entry into long-shelf-life packing market. Like in other countries, the market for long-shelf-life beverages in India is dominated by Europe-based Tetra Pak. However, the relatively high cost of the pack has prevented mass adoption in India. UfleX […]
ICICI bank, an Indian multinational banking and financial services company, said its shareholders will get a reservation of 18.13 lakh shares in the upcoming initial public offering of its subsidiary ICICI Prudential Life Insurance. Only individual shareholders will be eligible for this reservation. On September 8, the private sector bank had said that it is […]
Darktrace, a British cyber security company, said it partnered with AGC Networks, an India-based technology solutions provider to expand the market for the company´s self-learning technology. “This partnership allows more and more organizations to benefit from Enterprise Immune System technology across Asia, helping defend against today’s advanced cyber-threats,” said Sanjay Aurora, Darktrace Managing Director, Asia-Pacific. […]
Drug manufacturer Suven Life Sciences Ltd said it got three product patents from Canada, Europe & Hong Kong corresponding to new chemical entity for the treatment of disorders associated with Neurodegenerative diseases. The patents are valid through 2030-2032. According to the U.S. Food and Drug Administration, a new chemical entity (NCE) is a drug that […]
K Raheja Corp launched its latest township project ‘Viva’, at Pirangut in Pune. Viva is spread over 77 acres of land and has independent bungalows, twin villas, townhouses, and plots which is located away from the congested main city, the company said. The project’s amenities includes cricket pitch, tennis courts, golf-putting zones, forest adventure trails, […]
Training provider Aptech Ltd said it is entering into preschool education through an alliance with Mumbai-based Montana International Preschool. Montana International Preschool powered by Aptech (MIPA) plans to set up 1000 preschools in India over the next two years. Aptech is the latest education company to enter the pre-school market. TIME, a pioneer in CAT […]
Kolte Patil, a real estate builder based in Pune, expects to increase the pre-sales for the current financial year by approximately 20% and is targeting deliveries of around 2,500 units. “Uptick in pre-sales is expected to sustain for the rest of the year,” company said. Company is also targeting launch of two projects at prime […]
J&K NPP leader Bhim Singh called for abrogation of Article 370 in Jammu & Kashmir, which he blamed for creating the present condition in the hill state, and said he’s willing to go to the United Nations to fully integrate the state in India. He said Article 370, which gives special status to Jammu & […]
iBall, a consumer electronics company, launched two portable bluetooth speakers- iBall Musi Dangle and iBall Musi Square. Musi Dangle is priced at Rs 799 while Musi Square rates Rs 1,099. iBall Musi Dangle features a lancet strap for hanging the device around your neck. Whereas iBall Musi Square features a carbineer, which makes it convenient […]
GPT Infraprojects Limited, a manufacturer of concrete sleepers for Railways, announced that it bagged two orders from Indian Railways worth Rs 64 cr. First contract consist of the manufacturing and distribution of 1,66,600 nos of broad gauge concrete sleepers which will be suppied from company´s Panagarh factory in West Bengal. The project has to be […]
Tata Homes and SBI signed an agreement under which the two companies will make special offers to people who hold their salary accounts in the bank and want to purchase a Tata Homes property with an SBI loan. The nature of these offers was not revealed, but it is estimated that they could involve some […]
IL&FS Engineering and Construction Co.Ltd., a multi-national infrastructure development company, said it received a Rs 173.13 cr contract from Gas Authority of India Limited (GAIL) for the laying and construction of pipeline at Kuttanad. The total length of the 30-inch pipeline is 91 Km and has be completed in 24 months from date of acceptance and with additional […]
L&T Technology Services Ltd will open its initial public offer of up to 10.4 lakh equity shares on Monday. The shares will be sold by the parent Larsen & Toubro, the company said. Each share of the company, which provides technical design services, will carry a face value of Rs 2 and will be offered […]
Larsen & Toubro said its valve division supplied India’s first indigenously-developed High Integrity Pressure Protection System to Dirok Gas Field Development Project in Assam. “Conventionally, spikes in pressure are managed by venting or flaring excess fluids. HIPPS is a smarter alternative that detects and isolates the source of high pressure within seconds. By avoiding discharge, […]
Pharma Major Lupin Limited (Lupin) announced that it received tentative approval from the United States Food and Drug Administration (FDA) for selling Silodosin capsules, a generic version of Allergan Sales’ Rapaflo capsules. Silodosin capsules are indicated for the treatment of the signs and symptoms of benign prostatic hyperplasia, or the enlargement of tissue due to […]
