Royal Enfield, the country’s most popular premium motorcycle brand, reported a 22% decline in its September quarter motorcycle sales, even as revenue for parent Eicher Motors fell 9%. Royal Enfield sold 1.63 lakh motorcycles during the three months, down from 2.10 lakh motorcycles sold over the same period in 2018, even as it invests heavily […]
State-owned telecom operator Mahanagar Telefone Nigam Ltd or MTNL has released details of the voluntary retirement scheme or VRS that will be available to its employees as part of its merger with BSNL. The company said the VRS has been based on the ‘Gujarat Model’. Under this model, employees will get a sum equal to […]
Even as the real estate market in the country faces uncertainties due to an overall slowdown in the economy, housing sales fell 17% in the top 7 cities of India in value terms during the Jul-Sep quarter, according to Anarock Consultants. Of the three quarters of 2019, Q3 saw the worst overall sales performance. The […]
Sun Pharmaceutical Industries Ltd said one of its wholly-owned subsidiaries has commercialized CEQUA (cyclosporine ophthalmic solution) 0.09% in the U.S. CEQUA, which offers the highest concentration of cyclosporine for ophthalmic use approved by the U.S. Food and Drug Administration (FDA), is indicated to increase tear production in patients with keratoconjunctivitis sicca (dry eye), an inflammatory […]
Pharmaceuticals manufacturer Morepen Laboratories Ltd said it is ready to start manufacturing and selling three multi-billion dollar drugs, two of which are set to go off-patent in December this year. The current global market size for Rivaroxaban, a powerful anticoagulant (blood thinner), is $7.19 billion (Rs. 51,000 cores). It is the 10th largest selling drug […]
Naveen Jindal, chairman of Jindal Steel & Power Ltd, one of India’s biggest steelmakers, today said the country is going through an economic slowdown, but assured investors that his company would continue to improve profits and reduce debt. Like its peers in the infrastructure and construction businesses, JSPL has very high levels of debt. During […]
NTPC Ltd, formerly known as National Thermal Power Corporation, took another step in its journey towards reducing its dependence on coal-fired plants by signing an agreement to develop two hydropower stations with a combined capacity of 520 MW. The two projects, for which NTPC has signed agreements with the Himachal Pradesh government, can be classified […]
Directors of diagnostic chain Thyrocare today said no to founder and chairman Arokiaswamy Velumani’s offer to buy out its latest venture aimed at democratising access to cancer diagnostic services. At present, cancer screening and diagnostic services are extremely expensive, and Velumani — the son of a landless farmer — has been working for some time […]
United Bank of India said its board of directors has approved in principle a plan to raise ‘up to Rs 3,000’ cr via a preferential sales of shares ahead of its merger with two other banks. A preferential sale of shares, as distinct from a private placement, is a quicker form of selling shares to […]
India’s oil and gas major ONGC Ltd said it is in the process of investing Rs 83,000 cr in various projects that will boost its oil and gas output. Shashi Shanker said the investment of Rs 83,000 crore rupees will be done via 25 projects. “15 of these projects currently under execution will directly contribute […]
Flooded by complaints about cable and DTH players not allowing consumers to change their channel packs and subscriptions, India’s media regulator has come up with a proposal to allow consumers to change their channels and packs using the TRAI website. This will be achieved through a single app — similar to TRAI’s existing ‘channel selector’ […]
HD Kumaraswamy, former chief minister of Karnataka and a friend of missing businessman VG Siddhartha, said he was puzzled by the turn of events surrounding the Cafe Coffee Day owner. Kumaraswamy, who stepped down as chief minister last week, said Siddhartha is not someone who runs away from challenges. “He protected more than 30,000 families […]
The ministry of environment, forest and climate change said it has issued detailed ‘terms of reference’ or ToR for the upcoming Satellite Town Ring Road or STTR connecting towns around Bangalore. There has been a lot of controversy over the impact of the 180 km road — which will connect surrounding areas like Krishnagiri, Hosur, […]
The Uttar Pradesh government has awarded compensation of Rs 951.44 cr for the acquisition of 1,238 hectares required for the construction of the new NOIDA airport at Jewar on the outskirts of Delhi, Union Civil Aviation Ministry said. The land for which compensation has been declared comes to 99.8% of the private land that has […]
The ministry of agriculture and farmers’ welfare has clarified that no decision has been taken to make the Pradhan Mantri Fasal Bima Yojana or the PM Crop Insurance Scheme voluntary. At present, any and all farmers who take agricultural loans have to compulsorily take crop insurance. The scheme is reported to be a big money […]
Indian Railways booking clerks have been asked to double check all suspicious requests for VIP quota tickets after incidents of forged letters of ‘dignitaries’ have come to light. “Some instances of attempts to get accommodation released out of Emergency Quota on the authority of fake letter heads of high dignitaries and some Railway Officers have […]
Maruti Suzuki, which controls about half of India’s car market, said it has signed an agreement under which Bank of Baroda will provide loans to its dealers and customers. Under the agreement, Maruti Suzuki dealers will be able to get loans from Bank of Baroda by giving their inventory or stock as collateral. The move […]
At a time when a conflict between Sunni Saudi Arabia and Shia Iran threaten to not only plunge West Asia into a deep turmoil but also let loose economic chaos in the wider world, the Muslim community of the tiny Himalayan region of Ladakh held a conference in Delhi on Saturday titled “Celebrating Diversity in […]
In what is considered a major diplomatic victory for India and an extra push for Indian Prime Minister Narendra Modi in the middle of the general elections, the United Nations (UN) on Wednesday declared Masood Azhar, chief of Pakistan based terror group Jaish-e –Mohammad, a designated terrorist. The way was cleared for declaring the terror […]
Every vote counts and every voter matters: this is the motto of the Election Commission of India (ECI). This may sound like a catchy slogan for us, but for the organization that conducts the world’s largest elections, it is a lived reality. It not only walks the proverbial extra mile, but a full 70 kilometres […]
