Kitex Garments has incorporated a new company in Telangana, Andhra Pradesh, with an initial capital of Rs 100 cr, in keeping with the company’s earlier announcement of shifting some of its expansion to the new South Indian state. The Kerala-based company had created controversy in its home state several months ago due to political statements […]
Hinduja Global Solutions, one of India’s largest BPO providers with nearly 47,000 employees, said it was quite happy with how things are going under the ‘work from home’ mode, and has no immediate plans to shift employees back to the office. The comments come even as IT firms like TCS have asked employees to be […]
Dixon Technologies, one of the rare success stories of India in electronics manufacturing, said it has started making fully automatic washing machines. The appliances are being made for BSH Household Appliances Private Ltd, the local unit of the global giant that owns brands such as Bosch. Manufacturing has been started at Dixon’s Tirupati factory. Before […]
V2 Retail, one of India’s largest value retail chains specializing in fashion and items of daily use, reported strong sales growth for July-September, and said the festival season this year has so far been better than pre-pandemic levels. Outside travel, tourism and entertainment sectors, the company had been one of the worst hit by the […]
Medical devices and chemicals manufacturer Morepen Laboratories reported a strong increase in revenue and profitability, as demand for its home diagnostic equipment such as glucose meters shot up in the aftermath of the COVID-19 pandemic. The company’s revenue for the Jul-Sep period jumped by 17% on year to Rs 398 cr, while net profit jumped […]
Polycab India Limited, one of the best performing mid-sized companies in India and a maker of electrical goods, said it has decided to sell its copper rod manufacturing business to metal refiner Hindalco Industries, part of the Aditya Birla group of companies. Polycab said it decided to take this step as Hindalco would be better […]
Tata Motors again surprised on the upside with its excellent performance as far as October auto sales are concerned, even as market leader Maruti Suzuki faced yet another month of depressingly poor sales in its core hatchback segment. Mahindra & Mahindra, meanwhile, beat the blues thanks to strong demand for its newly launched XUV700 model. […]
Kolte-Patil Developers reported a strong second quarter for the financial year, as the real estate recovery seen in earlier quarters continued apace. The company’s collections — a measure of the cash it managed to collect from buyers — zoomed 86% compared to the COVID-ravaged second quarter of last year, and was up 34% compared to […]
Titan Co, India’s largest branded jewelry chain, reported a whopping 77% jump in its jewelry sales for the three months ended September, compared to the same period last year. Some of the growth was due to the low-base effect. During the same period of last year, most of Titan’s showrooms were either closed or operating […]
Hindustan Media Ventures, the HT Media subsidiary that runs Hindustan — one of India’s largest newspapers — said it has decided to bid for an IPL team in the ongoing auctions. With this, Hindustan Media Ventures joins a longish list of companies interested in owning the two new franchises. Companies who win the auction will […]
Cadila Healthcare, also known as Zydus Cadila, said it has started enrolling patients in a trial that can potentially yield the first FDA approved treatment for NASH or non-alcoholic fatty liver disease with inflammation. Fatty liver disease, caused by the deposition of fat in the liver, is divided into alcohol-related and non-alcohol related. Within non-alcoholic […]
Ramkrishna Forgings, which recently diversified beyond the automobile market to tide over the uncertainties associated with the sector, has won yet another contract from Indian Railways. The company said it won a contract o supply loco shells, the shell or body of locomotive engines or train engines. The value of the contract was not disclosed. […]
TVS Motor Co said it has produced 1 lakh bikes under its tie-up with the local unit of German automaker BMW in India. In July 2018, TVS Motor Co and BMW launched two BMW models — the naked style BMW G310R and BMW G310GS, priced around the Rs 3 lakh mark. This was the result […]
Palred Tech, which sells IT and entertainment accessories under the pTron brand, has launched India’s cheapest Alexa speaker, priced at just Rs 1,799. The speaker comes with Alexa voice commands, and supports streaming music from services such as Amazon Prime Music, Gaana, Hungama Music, Jio Saavn and so on via wifi. pTron Musicbot Cube will […]
The Pinarayi Vijayan government of Kerala has decided to push ahead with the K-Rail semi-high-speed rail project despite opposition from the Congress-led United Democratic Front and some non-governmental organizations. The Rs 64,000 cr project is one of the most ambitious taken by any Kerala state government in recent years, and aims to reduce the north-south […]
Tata Power Solar Systems, a unit of Tata Power, has received a ₹538 cr engineering and construction order for ground-based solar power generation facilities from public sector energy service company EESL. The various power generation equipment will be constructed at different locations in Maharashtra, and will together have a capacity of 100 MW. The order […]
NTPC Ltd said its tie-up with EDF or Électricité de France announced by the government yesterday is likely to help it expand globally, while also making Indian power market more efficient and carbon neutral. The deal was announced yesterday by the French Ambassador to India, Emmanuel Lenain. The French are keen to help Indian transition […]
Max Healthcare Institute Ltd, one of India’s largest hostpital chains, said it has been allocated around 11.36 acres of land in the heart of Gurgaon city to set up two hospitals. The two plots, allocated by Haryana Shahri Vikas Pradhikaran, measure 6.11 acres and 5.26 acres. Both plots are in well populated areas of Gurgaon, […]
Vakrangee Ltd said it has tied up with BigHaat Agro Private Ltd to provide end-to-end Agri services, digital advisory as agri input products, including seeds and fertilizers. BigHaat is a digital agricultural platform that offers valuable inputs to farmers by using science, data and technology, such as end-to-end crop guidance and market linkages for various […]
Biopharmaceuticals manufacturer Biocon Ltd launched cancer medication Everolimus tablets in the US. The formulation, a generic version of Afinitor from Novartis, is a prescription medication that is used to treat certain types of cancers and tumours. The tablet has annual sales of around $675 mln in the US, which makes it among the larger drugs […]
