Fashion retailer Shoppers Stop said it has shut down 2 of its 91 shops due to lower-than-expected sales and poor profitability. The shops that have been shut down are located at Orion East Mall, Bangalore, and The Grant Mall, Chennai. It said it took the decision “due to lower than expected business” at the two […]
SpiceJet, the country’s fastest growing low-cost carrier, announced 20 new flights that will lift off from March 29. This will take the total flights operated by the airline to over 620 per day. The new flights connect cities such as Guwahati, Patna, Hyderabad, Varanasi and others (see image for full schedule). The new flights including […]
Maruti Suzuki has delivered a BS-VI upgrade to its popular WagonR car without implementing a price change, unlike the petrol version. The new, BS-6 compliant WagonR S-CNG Lxi will continue to be available at a price of Rs 5.25 lakh in Delhi, excluding RTO charges. The only other CNG trim, Lxi (O) will continue to […]
Even as many realty developers struggle to move their stock, Sunteck Realty Ltd has sold over 1,600 apartments at its MaxXWorld township in Naigaon in just two weeks. The MaxXWorld project, which offers homes with 1 to 3 bedrooms, are priced in the range of Rs 30 lakhs to 55 lakhs. The average price of […]
Government of India was today quizzed on whether it has been able to establish links between Rohingya refugees in India and Pakistan-based terror groups. In a written question, Lok Sabha Member for Mumbai South Rahul Shewale asked the Union home ministry “whether the Government has established Rohingyas’ link with various Pakistan based terrorist groups”. The […]
The recent changes made to the TV channel pricing rules of India by the Telecom Regulatory Authority of India to the tariff order on January 1 are targeted at dealing with the problems faced by the consumer and balancing the interests of various industry participants, Minister of Information and Broadcasting Prakash Javadekar said today. The […]
Government of India today said that 233 babies were born to Parsi (Zoroastrian) couples in India under the ‘Jiyo Parsi’ scheme. Under the scheme, the government provides financial assistance to Parsi couples for Assisted Reproductive Technologies such as In-vitro Fertilization and Intra Cytoplasmic Injection, including surrogate pregnancies. Jiyo Parsi scheme was started in 2013-14, and […]
The ministry of traditional medicines at Government of India has hit back at critics who have questioned the medical validity of its recent advisory on countering Coronavirus through herbal medicine. The AYUSH ministry had issued a list of dos and don’ts last week, including items such as ensuring proper personal hygiene, wearing face masks in […]
Reliance Jio, the country’s largest telecom operator, has started blocking the ‘sideloading’ of third-party Android apps on its Jio Fiber set top boxes. The operator had recently introduced Android Pie-based fiber set top boxes for its users over the last few weeks, and subscribers soon realized that the box came with two key assets that […]
Amara Raja Batteries Ltd, India’s biggest manufacturer of lead acid batteries, reported a modest increase in revenue, and said it continued to face a demand slow down in its key markets of automobiles and telecom. “The automotive sector is facing challenges of demand uncertainty due to social, regulatory and technological changes,” said Vice Chairman and […]
Maruti Suzuki, India’s largest carmaker, reported a sharp decline in the sales of its larger cars and utility vehicles in January, even as sales of small and compact cars remained resilient. Sales of Ciaz, the mid-segment sedan that costs around Rs 10 lakh, fell by a whopping 71.5% to 835 units in January compared to […]
Members of the special emergency team set up by Kerala health minister KK Shailaja were faced with a unique dilemma on Friday after a girl who returned from Wuhan, China with fever refused to enter quarantine on religious grounds. According to local media reports quoting health ministry officials, the girl belongs to one of the […]
After a slow 10 months, Escorts – one of India’s largest tractor makers – reported a 1.2% growth in tractor sales in India during January this year compared to the same month of 2019. The growth indicates a slight increase in the company’s sales trends compared to the rest of the financial year so far. […]
Aurobindo Pharma Ltd has said that the US FDA has lined up one of its oral solids formulation plants in Telangana for regulatory action, following adverse findings in an October inspection. The company’s shares had fallen by 19% in intra-day trading on October 8, soon after the company disclosed that FDA inspectors had made seven […]
Ramco Cements, one of India’s biggest cement manufacturers, reported poor demand for cement during the three months ended December. The Chennai-based company, which gets most of its revenues from South India and Eastern India, reported a revenue growth of just 6% for the third quarter, compared to a growth of 12.6% for the first half […]
The Kerala Unit of Indian Union Muslim League — an ally of the Congress Party — has suspended a district-level functionary for participating in a major, state-wide anti-CAA protest on Sunday. KM Basheer, a vice president for the party’s Beypore assembly unit, has been suspended from his position after he participated in Sunday’s ‘Human Chain’ […]
The US Food and Drug Administration has issued a Form 483 with five observations for Biocon’s API Manufacturing facility. Form 483 observations are issued when US FDA inspectors notice shortcomings in a company’s manufacturing processes, data storage and so on during an inspection. The company has to address the issues raised in the Form 483 […]
Bajaj Auto has just announced its grand entry into the retro-motorcycle market with a new partnership with 118-year-old British brand Triumph. The two companies will jointly develop and market retro-look motorcycles in the Indian market at prices less than Rs 2 lakh — the bread and butter segment for Royal Enfield and Jawa. Until about […]
Real estate developer Godrej Properties has opened booking for its first flats in RK Studio, the 2.2-acre film studio established over six decades ago by legendary actor Raj Kapoorj. The Vikhroli, Mumbai-based developer had purchased the studio property for an undisclosed amount in May this year and announced plans to put up 3.5 lakh square […]
Havells India, one of the country’s top cable makers, reported a 10% fall in its revenue, blaming an overall slowdown in economic activities in the country. The company, however, managed to maintain margins through cost cuts. “The deterioration in economic macros, sectoral liquidity challenges and slowdown in infrastructure segment has disproportionately impacted demand for industrial […]
