Karnataka Bank became one of the first to launch its mobile application which is designed to accomodate the newly launched Unified Payments Interface (UPI) today. The mobile app which is named “KBL-SMARTz” is built on the UPI platform of the National Payments Corporation of India (NPCI) which will enable customers to pay and collect money […]
Tata Power, one of India’s largest integrated power companies, said 42,157 power consumers in Mumbai moved to its network from those of its competitors last financial year, helping the company’s total subscriber base cross 2 mln. Tata Power supplies power to households directly in Mumbai and Delhi — two areas where privatization of electricity distribution was […]
Pharma company Strides Shasun announced that it received the United States Food & Drug Administration (USFDA) approval for Polyethylene Glycol powder to treat occasional constipation. The powder when consumed as a solution works by softening the stool and increasing the frequency of bowel movement by retaining water in the stool, added the company. Yeterday the […]
A Mumbai based company, Fiberweb India, has claimed to have setup facility to modify water repellant properties of polypropylene fabric and transform it into a water absorbing (hydrophilic) substance. Polypropylene, like most petroleum-based synthetic fibers, repels water. This property, while useful in some cases, also makes it unsuitable in other use-cases, such as in making sanitary napkins, […]
NATCO pharma, a Hyderabad based pharmaceutical company, said it received establishment inspection report (EIR) from the U.S. Food and Drug Administration (FDA) for the inspection conducted during the period February 8 – February 12 at its Chemical Division in Chennai. Earlier in mid-August, US FDA had issued an establishment inspection report to Natco Pharma’s for […]
TV Today Network, part of India Today group, entered into a add promotion Sales Agreement with Entertainment Network India (ENIL) for managing their advertisement campaigns in their three FM stations in New Delhi, Mumbai, and Kolkata, said the company. Following the agreement ENIL has been appointed as the agent of TVTN to facilitate sale of […]
Keeping in line with its focus on national security, the government of India today approved increasing the central assistance paid to victims of terrorism to Rs 5 lakh from Rs 3 lakh. The compensation will be available to victims of communal violence, maoist extremist, cross-border firing and mine blasts. Civilian victims of cross border firing […]
In a major push to give a boost to the infrastructure sector in the country, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for nine projects worth Rs 24,374.86 crore in nine States for expansion of railway network and connectivity across the country, said the […]
The Bureau of Energy Efficiency (BEE) has introduced a new star rating methodology called Indian Seasonal Energy Efficiency Ratio (ISEER) for air conditioners, said the Ministry of Power. This evolved rating methodology factors in variance in higher temperature in India and rates air conditioners accordingly. Consumers can now purchase air conditioners with higher efficiency leading […]
Pharma Major Lupin Limited announced today that its US subsidiary, Gavis Pharmaceuticals has received final approval for its Linezolid Tablets from the United States Food and Drug Administration (FDA). The drug is a generic equivalent of Pharmacia & Upjohn Company’s Zyvox Tablets, 600 mg. Zyvox Tablets had US sales of USD 273.6 million the company […]
Zlaton Ibrahimovic who kickstarted his Manchester United campaign in grand fashion this season will be vying for a place in the record books to become only the second player to score in four consecutive matches for the Old Trafford club when they take on Hull City this Saturday. Jimmy Hanson, who made his ManU debut against […]
Tata Power’s total generation capacity increased 9% to 9,432 MW in the April-June quarter compared with the same quarter last year, boosted by a fresh addition of 273 MW wind power. The growth in wind power generation was due to commissioning of 44 MW Lahori wind farm project in Madhya Pradesh and Cennergi, its 50:50 African […]
IndusInd Bank signed a three-year deal to make use of IBM’s cloud-based analytics solution to enhance its customer interactions and boost its product sales, said the company. IBM will provide data analytics support to the bank to strengthen its online banking presence and increase its product sales to the customers,added the company. Data analytics have […]
Ambrane India, an IT brand, announced the launch of its P1313, 13000 mAh power bank at Rs 2,999 which will be available in shades of Gold, Silver, Pink and Black. The metal body has been oxide coated for protection against fading, corrosion or similar wear. The 13000mAh features Dual USB ports, one Micro-USB port and […]
Manuappuram Finance today announced that it has raised Rs 75 crore by allotting 750 secured redeemable non-convertible debentures. Each debenture has a face value of Rs 10 lakhs. Last week the company had hinted in raising Rs 75 crore through secured redeemable Non-Convertible Debentures. Manappuram Finance is a non-banking financial company based in Kerala.
State Bank of India said it will be raising Rs 11,100 crore debt via private placement to overseas and-or Indian investors. The perpetual debt instruments could be denominated in US dollars or Indian Rupee, the bank said. The debt will rank as Tier 1 capital for India’s largest bank. No timelines for the move were […]
Godrej is bringing to market a natural, baby safe and non-skin application mosquito repellents range of products which are paediatrician certified, said the company. The baby-safe mosquito repellent market is currently dominated by Odomos which makes mosquito repellent skin cream. Godrej said it expects its product “Good Knight Patches” to be more appealing as it […]
Suzlon Energy said that it will allot 38.95 lakh equity shares to holders of its foreign currency convertible bonds after getting a conversion notice from a bond holder. The bonds were due on July, 2019. Each bond is worth $1000 and will be converted at Rs. 60.225 per dollar. Equity will be issued at Rs […]
The government is considering the recommendation of Special Investigation Team (SIT) on black money to ban cash transactions above Rs 3 lakh, a top Finance Ministry official said at an ASSOCHAM event held in New Delhi today. “The SIT recommendations are under consideration. As far as the Income Tax Department is concerned, we have put […]
NTPC announce today said that it has raised Rs 800 crore as through private placement of secured non-convertible debentures at a rate of 7.58% per annum. The debentures will have a maturity period os 10 years added the company. The fund will be utilized to finance capital expenditure and refinancing the debt requirements in […]
