GAIL has started drilling the first exploratory well as operator in its NELP-IX Block CB-ONN in Cambay Basin. The process, technically called “spudding”, started on March 27, 2016 in the well situated in Dugari village in Tarapur Tehsil of Anand District of Gujarat. GAIL (India) Limited is the lead operator of the block with 25 […]
Zydus Healthcare Limited, a wholly owned subsidiary of Cadila Healthcare said it has entered into a definitive agreement to acquire ‘Actibile’ from Albert David Limited. No pricing was disclosed. The gastroenterology drug is used for dissolving gall bladder Stones. The deal will be financed through internal accruals, the pharmaceutical company said. “The gastrointestinal segment has […]
TVS Motor Company launched its new four stroke TVS XL 100 in Maharashtra. The all new TVS XL 100 comes with a seat which is broader and more comfortable. It also has a detachable rear seat with a robust rear flatbed platform to enable carrying of loads. The key selling point of mopeds in India […]
Anil Ambani-owned Reliance Communications said it had decided to extend its talks with Aircel Cellular owned by Malaysia’s Maxis group. It said “based on the good progress made so far, it has extended the exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private Limited, the shareholders of Aircel Ltd, by 60 […]
The first numbers from this Tuesday’s Democratic Presidential Primary Polls are in and as expected, Hillary Clinton has won the Arizona Primary with an clear margin. However, Bernie Sanders registered a strong win in Utah with about three quarters of the votes in his favor. Arizona accounts for 85 delegates being chosen today, while the […]
Persistent Systems, a product and outsourcing company, said it is reorganizing its business structure in four divisions. These divisions are ‘digital’, IBM, Services and Accelerite. It will also set up a new Corporate Operations office whose job will be to accelerate the four growth units. It will be headed by Atul Khadilkar. “Unique to Persistent, the […]
The number of people shopping online is expected to rise to 8 cr (80 mln) this year from 5.5 cr in 2015 with better infrastructure in terms of logistics, broadband and Internet-ready devices, according to an ASSOCHAM-PwC study. The overall e-commerce industry, valued at $25 billion at present has been growing at a compounded annual […]
Dinkoism, India’s largest parody religion, is holding its first ‘mega congregation’ this Sunday at Calicut in the southern state of Kerala. The religion was floated after rationalists and science activists — tired of holding ‘logical’ arguments with religious fanatics about everything from evolution to abortion to women’s rights — decided exaggeration and caricature was the […]
A Christian man who married a Hindu woman ten years ago has now received a notice from a ‘Special Administrative Tribunal’ of the Catholic Church seeking an explanation. The letter dated six days ago “requests” the man to appear before the ‘tribunal’ to discuss how he ended up getting married and living in a fashion […]
Honda Motorcycle and Scooter India said it has started dispatching the new Deluxe version of its entry-level commuter bike CD 110 Dream. The motorcylce is priced at Rs 43,997 plus tax in New Delhi. The self-start version is costlier by around Rs 2,200. “The new color graphics – black with green stripe, introduced exclusively for […]
The new Real Estate Regulatory Bill is a step in the right direction, but could end up making property costlier, Neha Hiranandani, director of Mumbai-based House of Hiranandani said. “Though the objectives are noble and correct in the long term, we believe lack of clarity on the various mechanisms proposed will only add to costs […]
India is set to nearly double its solar power generation capacity in the ongoing financial year and comfortably exceed its target of adding 1.8 GW of extra capacity during the year. According to numbers obtained from various government sources, the country is all set to end the current financial year with a total solar power generation capacity of about […]
Kanhaiya Kumar, the president of the students union at Jawaharlal Nehru University in New Delhi, was attacked today by a person from outside the campus. No details of the attacker has been made available, but according to sources, the attacker was not a student at the university. He is being held by campus security. Kanhaiya […]
The State Bank of India, India’s biggest lender, said India’s news media was flouting established ethical norms in its reporting of the Vijay Mallya episode. The media has been blaming state-owned banks for ‘going slow’ or showing a lack of due diligence when advancing loans to the businessman, who is now known to be in […]
The Government of India has given in-principle approval for setting up Laser Interferometer Gravitational Wave Observatory (LIGO) in India at a cost of Rs 105 cr (Rs 1.05 bln). “The LIGO-India project will establish a state-of-the-art gravitational wave observatory on the Indian soil in collaboration with the LIGO Laboratory in the U.S. run by Caltech […]
Giving in to a long-standing demand, the Indian government has allowed new gas producers to enter into negotiated pricing deals with their customers subject to certain ceiling tariff. At present, gas prices are fixed by the government through a formula. The policy guidelines would be applicable to future discoveries as well as existing discoveries which […]
Mathrubhumi, Kerala’s second largest newspaper and one of the top ten in the country, was forced to issue an unconditional apology after religious and political organizations held widespread protests outside its offices for publishing ‘blasphemous’ content about Prophet Mohammed. The newspaper had, on Wednesday, printed audience feedback sourced from social media on another of its […]
Ola has extended its autorickshaw booking facility to three new cities — Mysore, Gurgaon and Noida. With the launch in these three markets, Ola Autos are now available in 12 cities across India, including Bangalore, Chennai, Delhi, Ahmedabad, Hyderabad, Pune, Chandigarh, Indore and Jaipur. Ola Autos are available 24×7 in all the three cities, at […]
Bernie Sanders has upset Hillary Clinton, and pollsters, in Michigan, getting 50.1% of the votes vs Hillary Clinton’s 48.1% with 97% of the total already counted. This is very different from how the numbers looked as late as a week ago, when Hillary Clinton had a clear edge over Sanders in the state. A month ago, Sanders […]
Two of the three states where primary polls were conducted by the Democratic Party today to elect their presidential candidate have gone to Bernie Sanders, giving a shot in the arm to the Senator’s campaign. Sanders had managed to pick up only around 40% of the total delegates on Super Tuesday, while Clinton picked up […]
