Kerala Police confirmed today that 46 people have been buried alive in 19 houses on the side of a hill in Kavalappara in Malappuram district in Kerala. Only 1 body has been recovered today as locals struggle to remove heavy rocks and mud from on top of the houses. Three bodies were recovered yesterday. The […]
Despite the strain faced by the aviation sector in India, low-cost carrier SpiceJet reported net profit of Rs 261.7 crore and total income of Rs 3,145.3 crore for the quarter ending June 2019. Last year, it had a loss of Rs 38.1 crore on revenue of Rs 2,253.3 crore for the corresponding quarter last year. Operating expenses […]
Cadila Healthcare today said that the US FDA has classified its Moraiya factory near Ahmedabad as ‘official action indicated’ or OAI. OAI is one of the three types of classification that a plant inspection report is put under after an FDA inspection. The three classifications are ‘no action indicated’, ‘voluntary action indicated’ and ‘official action […]
Bhim Singh, a prominent Dogra politician of Jammu & Kashmir who has been leading a campaign for the abrogation of Article 370, today called on members of the Indian parliament to reject BJP’s J&K reorganization bill. Singh, a descendent of General Zorawar Singh of the erstwhile Kingdom of Jammu & Kashmir, objected to taking away […]
Anuj Puri, chairman of Anarock Property Consultants, today called on the Reserve Bank of India to go for a cut of at least half a percentage point in the overnight interest rate to ensure that the real estate sector is revived. The call comes in the wake of a global slowdown in consumption and investment, […]
The move to the abrogate Article 370, which gave special status to the state of Jammu & Kashmir, seems to have won over BJP’s bickering ally Shiv Sena. Sanjay Raut, one of the prominent leaders of the Maharashtra-based party and a member of Rajya Sabha, even went to the extent of saying that the Narendra […]
Pharma manufacturer Lupin said its Aurangabad factory has successfully obtained an Establishment Inspection Report (EIR) from the US FDA for its May inspection. The receipt of an EIR signifies the successful closing of the inspection as far as the company is concerned. Lupin’s Aurangabad facility is involved in the manufacture of Oral Solid Dosage, Oral […]
Maruti Suzuki, India’s largest carmaker, released the ‘first sketch’ of XL6 — its ‘premium three-row vehicle’ that is likely to take on the likes of XUV500 and Toyota Innova. The XL6 is based on the Ertiga platform, but offers upgraded features and is more ‘sporty’ with greater ground clearance than the Ertiga. The Ertiga itself […]
Mahindra & Mahindra Ltd. (M&M Ltd.), the second biggest home-growth automaker, reported a 15% fall in its July auto sales, shortly after Maruti Suzuki reported a 33% decline. Total domestic auto sales was down 16%, versus 35% for Maruti Suzuki. The decline in its Utility Vehicle sales, which account for about 40% of the company’s […]
Maruti Suzuki reported one of the worst auto sales declines in recent years, with sales in India falling 35.1% to 98,210 vehicles in July 2019. The company had seen a decline of 17.3% in its India retail sales in the previous month, which stood at 1.11 lakh. The decline in July was similar across the […]
Jagran Prakashan, which publishes India’s most widely distributed newspaper, the Hindi daily Dainik Jagran, today reported yet another quarter of continued pain as the media sector grapples with falling revenues and continuing encroachment by digital media. Despite expectations of a boost to revenue from general elections, the company actually reported a year-on-year decline. Advertising revenue […]
Opposition party leaders today claimed that they were cheated by the BJP government, which, they said, broke a promise not to present Triple Talaq bill and UAPA bill in the Rajya Sabha before they were examined by select committee of MPs. Speaking to the media, Ghulam Nabi Azad, who heads the Congress Party’s Rajya Sabha […]
Milind Deora, head of Congress Party’s Mumbai unit who is known to be close to the business community of the country, said businessmen in the country are feeling uneasy about the current climate, but not speaking out due to fear. Deora, who was speaking in the context of the suicide of entrepreneur and businessman VG […]
Dabur, one of India’s biggest consumer brands specializing in products based on Ayurveda, today launched Babool Ayurvedic, a new variant of Babool, the most popular herbal toothpaste in India. Babool paste is named after Babool, the Hindi name for Acacia, which forms one of the ingredients. Even rivals like Patanjali and Himalaya have launched many […]
Tata Motors, the biggest home-grown automaker, reported a loss of Rs 3,698 cr loss as UK subsidiary Jaguar Land Rover continued to bleed. The company had posted a loss of Rs 1,902 cr in the same quarter last year, and had reported a profit of Rs 1,117 cr in the preceding quarter (Jan-Mar). The biggest […]
Caplin Point Laboratories said it has received an Establishment Inspection Report (EIR) from the US FDA for a recently concluded inspection at the manufacturing plan run by its unit Caplin Steriles Limited. “This was the third successful US FDA audit at the plant since 2016,” the company said, referring to the June inspection. An EIR […]
Fitch Ratings has downgraded the long-term credit rating of Tata Motors by one notch to BB- from BB due to both domestic as well as JLR-related factors. The rating agency further kept a negative outlook on the company’s rating, pointing to various factors such as further uncertainty in Britain over its exit from Europe, increasing […]
Hindustan Media Ventures Ltd, home to the Hindi language publications of HT Media Ltd, reported a sharp increase in its profit thanks to a substantial fall in its newsprint costs. The company’s net profit jumped to Rs 39.67 cr for the three months ended June, up from just Rs 13.20 cr in the same period […]
Close on the order for erection of turbine generator for the new units of Koodankulam Power Project, state-owned capital goods giant Bharat Heavy Electricals Limited (BHEL) said it has also won the order for erecting reactor side equipment for the same. Against a value of Rs 440 cr for the June order, this one is […]
Ajay Singh, Chairman of Spicejet and the man who came up with the slogan ‘Abki Bar Modi Sarkar’, today blasted the government’s approach towards the aviation sector. Speaking at the 12th International Conference-cum-Awards on Civil Aviation & Cargo by FICCI, Singh was unsparing in his criticism of government’s taxation policy towards his industry. “There is […]
