Pharmaceuticals maker Caplin Point Laboratories said the US FDA has completed inspection of its Sterile Injectable manufacturing facility at Gummidipoondi in Chennai and issued two observations. The good manufacturing process inspection was done between June 6th and 14th. “The Company believes these to be of procedural in nature and the corrective and preventive actions for […]
Diversified group Piramal Enterprises Ltd said it has sold its entire direct stake of 9.96% in Shriram Transport Finance Co Ltd via the stock exchanges. The move comes at a time when non-banking finance companies find the going tough due to a slow down in credit flow to the industry. The company did not reveal […]
Tanushree Dutta, the US-based former Bollywood actress, said she was hardly surprised by the Maharashtra Police’s move to file a closure report in her complaint of sexual harassment by actor Nana Patekar and said the #MeToo movement’s aim is not to win justice for the victims via the legal machinery. She alleged that ‘a corrupt […]
Edelweiss Financial Services said its unit ECL Finance has signed an agreement with Bank of Baroda to explore co-lending or co-origination of loans to small businesses. The two will offer loans and expertise to MSME (micro, small and medium enterprises), self-employed persons as well as “priority sector groups”. “Under the arrangement, both partners can widen […]
The Supreme Court has ordered the Uttar Pradesh government to immediately release jailed journalist Prashant Kanojia. The state will be free to carry on a case against the journalist. Hearing a plea by wife Jagisha Arora to protect the journalist’s fundamental rights, a two-judge vacation bench comprising Justice Indira Banerjee and Justice Ajay Rastogi did […]
Tata Sky, which came out with one of the most complicated Multi TV plans in the wake of the introduction of new tariff order by TRAI, has decided to withdraw its multi-TV plans from Jun 15. The reason for the move is not clear, but may have something to do with complying fully with the […]
The state government of Kerala said a case of Nipah virus infection is suspected in a student in Kochi, but a Pune-based virology laboratory is yet to confirm the initial diagnosis. The student is from Thodupuzha in Idukki district, studies in Kochi, and spent 4 days in Thrissur when he was sick (May 16-20). Thrissur’s […]
Star India has cut the prices of English movie and entertainment channel pack by 29%, even as these channels struggle to regain traction in the market after the implementation of the new tariff order by the TRAI. However, the company has still not broken out its sports channels into a separate package, and customers will […]
BJP chief Amit Shah has been given charge of the Ministry of Home Affairs, which takes care of India’s internal security, while Nirmala Seetharaman has been moved from Defence to Finance. The move indicates that Narendra Modi expects things to remain ‘under control’ on the party front, even without a key loyalist at the helm. […]
Tata Power said it received a contract from Gujarat Urja Vikas Nigam Limited to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat . The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The Company […]
Indian real estate developers can heave a sigh of relief: The latest quarterly update on the market shows that unsold inventory has fallen to their lowest level in several years. While this is not simply a reflection of increasing sales — developers started going slow on new launches in 2016 — it does indicate that […]
Brigade, a Bangalore-based real estate developer, announced plans to build its eighth integrated residential enclave near Aerospace Park near the Bangalore International Airport. It will be an affordably priced 50-acre project comprising 2 and 3 bedroom units. Each flat in the project will cost less Rs 45 lakhs, excluding government levies and maintenance charges, said […]
Kodiyeri Balakrishnan, state chief for Kerala CPIM and the most vocal proponent of a hard-line stand on the Sabarimala issue, said he sticks to his earlier stand on the issue, despite the negative results in recent polls. The Left Front in Kerala has been reduced to 1 seat from 8 seats in the Parliamentary elections […]
SpiceJet announced 20 new domestic flights flights today, taking the total flights launched since April to over 90. With this, SpiceJet has announced 106 new flights since April, including 73 that connect Mumbai, 16 connecting Delhi and 8 flights between Mumbai and Delhi. The new flights are effective from the last week of May. 18 […]
International private equity investors do not shy away from investing in malls in India’s tier-2 cities such as Amritsar, Ahmedabad, Bhubaneshwar, Chandigarh, Indore and Mohali, according to a study by Anarock Property Consultants. Real estate can be broadly divided into residential and commercial. Commercial is further divided into retail (malls) and office space. A total […]
Close to ten exit polls are set to announce the results of the most highly anticipated and tightly fought elections in Indian history in recent decades. Among those offering exit poll results today are India Today group, which has tied up with polling agency Axis, News18, which has signed on international agency Ipsos and NewsX. […]
Godrej Group has sold its grocery chain Nature’s Basket to Kolkata-based Spencer’s Retail, part of the RP Sanjiv Goenka Group. Spencer’s Retail is especially strong in Chennai and Bangalore, and has also recently acquired another South Indian player Foodworld. The financial consideration for the sale was not revealed by Godrej. Godrej, for which Nature’s Basket […]
BMW Motorrad launched the BMW F 850 GS Adventure sports bike today at a price of Rs 15.4 lakh prior to road tax. The price includes GST, import duties and other similar levies, but excludes road tax, RTO fees and other local levies. BMW F 850 GS Adventure is a relatively lightweight motorcycle that can […]
Travel services firm Cox & Kings said it has agreed to provide ‘ancillary travel services’ to RCI, considered the largest timeshare holiday network in the world. Cox & Kings will provide various facilities to Indian members of the RCI network, including visa processing, air tickets and transfers. The Indian timeshare holiday market is currently dominated […]
The number of smartphone users in India is expected to almost double by 2022 from 47 cr registered at the end of 2017, a joint study by ASSOCHAM and PwC said. Fueled by cheap data and the explosion of ‘over the top’ services, the total number of smartphones will hit 86 cr by 2022, which […]
