Privately owned DCB Bank reported significant improvement in its financial performance for the final quarter of FY 2019. The bank’s improved performance comes at a time when the banking sector is undergoing major stress over bad loans. Net profit rose to Rs 96 crore in the final quarter from the Rs 64 crore in the […]
Indian car manufacturer Mahindra and Mahindra said it signed a deal with Ford India to jointly develop and supply a midsize sports utility vehicles, the C-SUV. As per the agreement, Ford and its affiliate companies will invest Rs 680 crores for the development of vehicles over a period of 10 years. The number of SUVs […]
Pharmaceutical manufacturer Granules India Ltd said that it has received approval from the United States Food and Drug Administration to sell a bioequivalent version of Johnson & Johnson’s Tylenol tablets. Acetaminophen Extended Release tablets, also known as Paracetamol, are used primarily for temporary pain management, including arthritis relief. It will be sold in doses of […]
Pharmaceutical manufacturer Zydus Cadila announced phase-III trials of the Desidustat, an investigational new drug and a Hypoxia-Inducible Factor (HIF) Prolyl Hydroxylase (PH) enzyme inhibitor used for the treatment of anemia and chronic kidney disease. HIF-PH inhibitors are a new class of agents for the treatment of anemia in chronic kidney disease patients. Chronic Kidney Disease […]
Congress leader K Sudhakaran, the UDF candidate from Kannur, found himself fending off some unwanted attention after a campaign video irked netizens for ostensibly portraying women in bad light. Netizens accused the video, shared by Sudhakaran’s official Facebook page, of sending a message that educating women is pointless and that they can never do a […]
Regulatory body Competition Commission of India (CCI) approved the merger of Kolkata-based Bandhan Bank with affordable housing finance company GRUH Finance. On January 7, 2019, board of directors of both the companies had approved the merger and said that it would be completed within six months. The merger comes after the Reserve Bank of India […]
Steel and energy company Jindal Steel and Power Ltd reported its highest ever domestic quarterly steel production and sales in the fourth quarter of financial year 2018-19. The company registered crude steel production of 1.51 million tonnes during the January-March quarter of 2019, an increase of 23% from the 1.26 million tonnes produced in the […]
Content curator and music label Saregama said it received an amount of Rs 32.18 crores from the National Insurance Company Ltd in compensation for the loss of stocks of its radio music players Carvaan and Carvaan mini in a fire at its Bhiwandi godown. On April 1, Saregama had reported that its godown where its […]
Telecom operator Bharti Airtel updated its TV app by adding a new section for election coverage and incorporating content from the ‘Editor Ji’ platform founded by former NDTV CEO Vikram Chandra. Airtel TV app users will now have access to exclusive election news bulletins from the video news app, Editor Ji, which is funded by […]
Subros Ltd, a leading manufacturer of thermal products for automotive applications in India, said it has executed a ‘definitive agreement’ worth Rs 11.15 cr for the purchase of certain assets of air conditioner maker Zamil Air Conditioners Private Ltd. Established in 1985 as a joint venture with Suri family of India, Denso Corporation & Suzuki […]
Media content house Shemaroo Entertainment said it acquired a 50% stake in media and entertainment firm Dominiche Productions Private Ltd. Incorporated in October 2017, Dominiche Productions first launched their Astrovani segment on Airtel DTH and following its success, they launched the same in Dish TV, Videocon D2H, Amazon firestick, NDTV App and Jio TV. The […]
The second opinion poll released by Kerala-based Asianet News showed gains for the Left and the BJP in Kerala at the expense of UDF, which continued to lead the tally. The new survey also predicted a defeat for Congress’ Shashi Tharoor at the hands of the BJP, a party that has never won a Lok […]
Electronics manufacturer Dixon Technologies said that it has acquired 50% shares in its joint venture company, Padget Electronics Private Ltd. Dixon had previously held a 50% stake in Padget. With this, Padget Electronics has now become a wholly-owned subsidiary of Dixon Technologies, the OEM said. Padget had a turnover of Rs 1,351 crores in the […]
Automobile manufacturer Maruti Suzuki said that its Celerio models crossed the one lakh annual sales milestone. Celerio sold 1.03 lakh units of vehicles in 2018-19, an increase of 10% from previous year. Apart from Celerio, other Maruti Suzuki cars in the club of over 1-lakh sales include Vitara Brezza, Dzire, Baleno, Swift, WagonR and Alto. […]
Pharmaceutical major Lupin said that it has launched a generic equivalent of AbbVie Inc’s AndroGel, a a day after it received approval for its sales from the United States Food and Drug Administration (USFDA). Testosterone Gel is used for hormone replacement in men who are not able to produce enough testosterone. The medication is absorbed […]
Telecom Analytics Solutions provider Subex Limited said that it has partnered Spanish multinational telecommunications company Telefonica on a new cybersecurity venture focussed on Internet of Things (IoT) security. IoT security refers to safeguarding connected devices and networks in the Internet of Things (IoT). IoT involves adding internet connectivity to devices and machines and animals to […]
Pharmaceutical major Lupin said that it has received approval from the United States Food and Drug Administration for the sales of a generic equivalent of AbbVie Inc’s AndroGel. Testosterone Gel is used for hormone replacement in men who are not able to produce enough testosterone. The medication is absorbed through the skin, enters the bloodstream, […]
IT firm Tata Consultancy Services (TCS) said it has been selected by one of the largest insurers in the United Kingdom, Ageas UK, to transform its digital infrastructure. Headquartered in Brussels, Ageas is Belgium’s largest insurer and operates in 14 countries worldwide. As per the deal, TCS will help Ageas UK to consolidate data centres, […]
Infrastructure major Larsen and Toubro (L&T) said it has purchased the entire stake held by the Tamil Nadu Industrial Corporation Ltd (TIDCO) in one of its subsidiaries, L&T Shipbuilding Ltd. TIDCO previously held a 3% stake in L&T Shipbuilding Ltd. Post the acquisition worth Rs 32.74 crore, L&T Shipbuilding Ltd will become a wholly-owned subsidiary […]
“The more it grows, the more it splinters; the more it splinters, the more it grows” – this is how KM Mani had described Kerala Congress, the third largest component of Congress-led United Democratic Front or UDF. He couldn’t have been more prescient. Kerala Congress’ existence through more than half-a-century has only served to underline […]
