PVR Pictures, the production arm of India’s largest cinema chain, said it will distribute films from Anil Ambani-promoted Reliance Entertainment. Both companies will collaborate for the first time to distribute Reliance Entertainment’s upcoming film Game Over, releasing on June 14. This will be followed by the Hrithik Roshan starrer Super 30, which will release on […]
Automobile manufacturer Maruti Suzuki said it has laid the foundation stone for a 5 MW Photovoltaic solar power plant at its manufacturing facility in Gurugram. The solar plant is likely to be commissioned in FY 2019-20, Maruti Suzuki said. Maruti Suzuki said that it will invest around Rs 24 crores and will offset carbon dioxide […]
Enterprise connectivity provider Tata Communications announced the launch of an Internet of Things (IoT) market place. The Internet of things (IoT) is the extension of internet connectivity into physical devices and everyday objects. Embedded with electronics, Internet connectivity and other forms of hardware such as sensors, these devices can communicate and interact with others over […]
Battered by the party’s second-worst defeat in the Lok Sabha polls, Congress Chief Rahul Gandhi is most likely to submit his resignation at the Congress Working Committee (CWC) meeting on Saturday. The Congress scion, who took ‘100 percent responsibility’ for the embarrassing loss in the polls, has insisted on resigning as the party boss. While […]
Two-wheeler maker TVS Motors said it launched an upgraded version of its sports bike TVS Apache RR 310 model with Race Turned (RT) Slipper Clutch technology. The upgrade provides swift gear shifting with low hand fatigue and maintains the vehicle’s stability at high speed during downshifts, especially in corners, TVS Motors said. The slipper function […]
Anil Ambani owned Reliance Capital Ltd said that it signed binding definitive agreements with Nippon Life Insurance, one of the largest life insurance companies in Japan to increase its stake in investment management firm Reliance Nippon Life Asset Management Limited (RNAM) to 75%. Reliance Capital said that it will receive Rs 6,000 crore from the […]
Pharmaceutical manufacturer Zydus Cadila said that it received final approval from the United States Food and Drug Administration (USFDA) for the sales of a generic equivalent of Nexium Delayed-Release capsules manufactured by Teva Pharmaceutical Industries. Esomeprazole, which belongs to a class of medicines called proton pump inhibitors, works by reducing the the amount of acid […]
Adani Ports and Special Economic Zone (APSEZ), India’s largest private multi-port operator, said it signed a 50-year Build Operate and Transfer (BOT) agreement to develop and operate a container terminal at Yangon port, Myanmar. BOT is a form of project financing wherein a private entity receives concession from the private or public sector to finance, […]
Pharmaceutical major Lupin said it launched the asthma drug Budesonide Inhalation Suspension ampules in the US market. Budesonide Inhalation Suspension ampules are a generic equivalent of Pulmicort Respules Inhalation Suspension drugs of UK-based pharma firm AstraZeneca. Budesonide Inhalation Suspension ampules had annual sales of approximately USD 385.4 million in the US. Budesonide is used […]
IT service management company Vakrangee Limited, one of the main providers of the software equipment for voter id cards and Aadhaar cards, said that it has partnered with mass media firm ZEE Entertainment Enterprises Ltd. (ZEEL), for the “distribution and subscription” of ZEEL’s video on demand platform ZEE5 for its customers in 3,504 Nextgen Vakrangee […]
Cox and Kings unit Meininger Hotels said that it has signed a contract with French real estate developer COFFIM for the construction of a 194-room hotel in Marseille, its fourth in France. The new hotel, scheduled to open in 2021, will have 574 beds as well as 22 parking spaces. The new hotel is located […]
Alembic Pharmaceuticals Ltd said it received final approval from the United States Food and Drug Administration for the sales of a therapeutic equivalent of Vesicare tablets manufactured by Astellas Pharma US, Inc. Solifenacin Succin tablets are used for the treatment of overactive bladders. Solifenacin pills improve the patient’s ability to control urination by relaxing the […]
Infrastructure major Larsen and Toubro said it acquired 73,953 shares of IT firm Mindtree from the open market. The latest purchase comes three days after it acquired 13,443 shares in the IT company. After the latest transaction, L&T’s shareholding in Mindtree stands at 26.53%. The latest stock purchase was made at Rs 979 price per […]
Bharatiya Janata Party (BJP) is all set to break new ground in Kerala, a state that it has found notoriously difficult to conquer despite trying for nearly half a century. The saffron party, which is now ruling in 16 out of 29 states in India, has largely failed to make electoral inroads in the state […]
Travel services company Thomas Cook said it will offer holiday packages in which only 20% of the total travel cost has to be paid up front, and the remaining can be paid in no-cost EMIs. Thomas Cook said that it will offer two packages — four holidays (two domestic and two overseas) in two years […]
Setco Automotive Ltd, the largest clutch manufacturer in the medium and commercial vehicle segment (MHCV) in India, said it received approvals from leading truck manufacturers for supply of BS-VI compliant clutches. BS or Bharat Stage refers to emission regulation standards set by Indian regulatory bodies. BS norms are largely similar to the European emission norms […]
Commercial vehicle maker Ashok Leyland said it received an order from Senegal-based bus manufacturing firm Senbus Industries for supplying 400 units of Eagle 916 minibuses worth Rs 16.2 crores. Senegal will start receiving the buses towards the end of June this year. Eagle 916 buses, developed exclusively for the African market, feature inline pump technology […]
Jubilant FoodWorks Ltd (JFL) continued to trim its Dunkin Donuts’ chain in Jan-Mar quarter, even as it continued to expand its flagship Dominos pizza chain. The food service company, which opened its first Dunkin Donuts store in New Delhi in 2012, has been cutting down its Dunkin Donuts outlets for the last several years in […]
Pharmaceutical firm Dr Reddy’s Laboratories Ltd said it has launched Daptomycin antibiotic in the US market. Daptomycin is used alone or in combination with other medications to treat certain blood infections or serious skin infections caused by bacteria. It belongs to a class of medications called cyclic lipopeptide antibiotics. Daptomycin is marketed in the United […]
Syncordis SA, a wholly owned subsidiary of technology consulting and digital solutions firm L&T Infotech, said that it has agreed to supply solutions from banking software provider Temenos to its customers. “Through the partnership with Temenos, the company will attain enhanced capabilities to offer a wide range of services across Temenos product portfolio and manage […]
