Polycab, one of India’s biggest makers of electrical wires, reported an exceptionally strong set of results for the October-December period, despite widespread reports of a slowdown in the economy, including the construction sector. Polycab India Ltd reported revenue of Rs 2,507 cr from its operations, up from 2,242 cr in the preceding three months and […]
Alembic Pharmaceuticals, one of India’s biggest drug makers, received two observations from US FDA officials who inspected its plant at Karkhadi in Gujarat. Observations, given in Form 483, indicate that the inspectors were not fully satisfied with what they found during the visit. In a Form 483, the FDA typically outlines conditions or practices at […]
Mavis Satcom, which operates channels under the Jaya TV banner, has become the first broadcasting company to comply with regulator TRAI’s order to publish updated channel prices by end of day today. The company published prices of four channels and one bouquet. The channel prices remain unchanged and range from Rs 0.50 for Jaya Plus […]
Viacom18, the entertainment-focused joint venture of TV18 Broadcast and US-based ViacomCBS, will launch a new content app focusing on premium, English language content, CEO Sudhanshu Vats said today. Commenting on his company’s third quarter results, Vats said the app is currently undergoing beta testing. Viacom18 currently has two apps, Voot — which largely offers Indian […]
TV18 Broadcast Ltd, one of India’s top three broadcasting companies, reported yet another quarter of declining advertising revenue, but the company’s profits zoomed due to cost cuts. Non-subscription revenue — which is mostly composed of advertising sales — fell by Rs 181 cr (16%) in October-December of 2019 compared to the same quarter of 2018. […]
Tata Power said its solar unit has got a Rs 1,505 cr contract to set up a 250 megawatt solar power plant for India’s largest power producer NTPC. The contract, the biggest ever to be received by the company from an external customer, has to be completed in 20 months. With this order, the order […]
Tata Steel said its European subsidiary, Tata Steel Netherlands Holdings, has refinanced its bank debt by raising term loan facilities of 1.75 billion euros. In comparison, Tata Steel’s European operations had reported a debt of over 2.2 billion euros as of March. “This represents a reduction of EUR 500 million versus the external debt outstanding […]
Bharti Airtel and Reliance Jio have released a list of supported mobile phone handsets that can be used with their newly launched ‘WiFi Calling’ feature. While Airtel supports only four brands — Apple, OnePlus, Xiaomi and Samsung, Reliance Jio’s WiFi calling can be activated on phones from 12 brands. Besides three of the four companies […]
Government of Kerala has given an indication that it intends to soften its stand on the issue of entry of young women to the Ayyappa temple at Sabarimala. While the earlier affidavit of the Devaswom Board — the government-controlled body that administers former royal temples of Kerala — had come in favor of opening the […]
Bharti Airtel and Reliance Jio have started enabling WiFi calling — routing the call via the user’s WiFi network even if cellular network is available — across the country on selected handset models. Models for which WiFi calling is being enabled include those from Apple, OnePlus and Samsung. Other models are likely to be supported […]
Zee Entertainment Enterprises’ Zee5 has become the latest content app from a major Indian broadcaster to be added to Reliance Jio’s Fiber box, following close on the heels of Star India’s Hotstar and Sony Pictures Networks’ Liv. With this, Jio Fiber now offers apps from nearly all the major entertainment broadcasters of India with the […]
SpiceJet, the fastest expanding airline in India, announced the launch of eight new international and domestic flights which will start from February 2020. Among the new routes is Ahmedabad-Jeddah, making the airline the first to do so. “Saudi Arabia’s commercial capital and a key transit point for thousands of Hajj pilgrims visiting Mecca and Medina,” […]
India-based Natco Pharma has filed an application with the US Food and Drug Administration seeking permission to market a generic copy of Lonsurf, a drug approved just four years ago to treat colorectal/gastric cancers. The application has been filed with a ‘Paragraph IV’ declaration. Such a declaration essentially states that the filer, Natco, believes that […]
Ahmedabad-based PSP Projects Ltd announced that it has emerged as the lowest bidder for the development of a new corridor from Kashi Vishvanath Mandir in Varanasi to the nearby riverfront known as Lalita and Manikarnika Ghats. The beautification and expansion project will cover an area of around 200 meters by 250 meters, and will cost […]
Lemon Tree Hotels Ltd, India’s third largest hotel chain, opened its first international hotel in Dubai, and said it will also open in Bhutan and Nepal. The Dubai Lemon Tree hotel will be managed by Lemon Tree via its subsidiary Carnation Hotels Pvt. Ltd. and will be owned by Al Waleed Real Estate LLC. Lemon […]
NMDC, which has hitherto focused on mining minerals like iron ore, copper, dolomite, magnesite and so on, has got a major boost to its efforts to diversify into coal with the government allocating two coal mines to it. The Rohne and Tokisud North mines are are located at Hazaribagh District of Jharkhand. “The Rohne coal […]
Reliance Jio subscribers who are disappointed with the steep rise in tariffs this month can look forward to some respite, at least for the next seven months. Jio users can find all the plans that the company introduced in the last six months under a special tab called ‘tariff protection’ in the My Account page […]
Tata Sky’s much awaited Android set-top-box, Tata Sky Binge+, is all set to become available in the coming 2-3 weeks as a dealer has leaked the technician’s reference guide for installing the service. The manual, leaked on social media, confirms what has already been reported — it will be built on top of Android TV […]
The government of India today clarified that it will not be implementing any pay revision for the employees of state-owned telecom provider Bharat Sanchar Nigam Ltd as the company has failed to meet the profitability criteria applicable for all government enterprises. BSNL has racked up tens of thousands of crores of accumulated losses since 2009-10 […]
PNB Housing, the housing finance company in which the US-based Carlyle Group and Punjab National Bank own around 32% each, has clarified that its total exposure to real estate firm Omaxe Ltd was less than Rs 635 cr. The clarification came on the heels of social media reports that Omaxe Ltd was in some sort […]
