Dilip Buildcon said it has emerged as the favored bidder to build a 5.3 km stretch of the upcoming metro rail system in Indore, Madhya Pradesh. The development comes barely a month after DBL was declared the lowest bidder for the Bhopal Metro project in the state. The current bid is to build an elevated […]
An engineer from Kerala working with a petroleum company in Saudi Arabia has been sentenced to five years of imprisonment and a fine of around Rs 30 lakhs for his tweets. With this, Vishnudev, a native of Alleppey in Kerala, has become the first Indian to be punished under Saudi Arabia’s stricter anti-blasphemy laws that […]
Hotel Leelaventure, one of India’s biggest hotel groups, said it missed yet another interest payment on debt issued to Life Insurance Corporation of India. “The company has defaulted in payment of quarterly interest of Rs 212.67 lakhs, which was due on 19 September, 2018,” it said in a statement. Leela had raised debt of Rs […]
Low-cost carrier SpiceJet said it will start new, daily flights from Hyderabad to Bangkok and Guwahati from Oct 10, becoming the first Indian airline to have a direct flight from Hyderabad to Bangkok, a popular holiday destination for Indians. Before this, people using Indian flights had to use a connecting flight from Delhi while traveling […]
Aurobindo Pharma said it received approval from the South African authorities to launch a key anti-HIV drug in the country, following the launch of the medicine in Sub-Saharan Africa. Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate (DLT) tablets are the first-line, preferred regimen for HIV patients as per latest WHO guidelines, the company said. “Aurobindo is […]
Pharma major Lupin said the inspection of the US Food and Drug Administration at its Nagpur plant has “concluded without any observation.” Conclusion of an inspection without any observations indicates that the facility was found to be up to the standards expected by the FDA. This inspection was a product specific pre-approval inspection, it said. […]
Fitch Ratings has revised Jaguar Land Rover Automotive plc’s outlook to ‘negative’ from ‘stable’, indicating a higher risk of a downgrade in its credit rating in the future. The move comes in the wake of higher investments by the company into research and development and rising depreciation of past investments, resulting in more cash burn […]
Sun Pharmaceutical Industries said it has got US Food and Drug Administration approval for a new eye drug that will be used for lowering intraocular pressure or IOP in patients with open-angle glaucoma or ocular hypertension. The medicine, latanoprost ophthalmic emulsion, was developed by group company Sun Pharma Advanced Research Co (SPARC), and was licensed by Sun Pharma, […]
Voltas, the refrigeration company from the Tata Group, announced the launch of the first products from its 50:50 venture with Turkey’s Arçelik. A total of 100 models of home appliances, including refrigerators and washing machines, will be introduced to the Indian market under the Voltas Beko brand over the next three months, it added. The two […]
Pharmaceuticals manufacturer Lupin said it has received US authorities’ approval to sell pneumonia medicine Atovaquone suspension. The drug had sales of approximately USD 117.4 million per year in the US. The 750 mg/5 mL oral solution is the generic version of GlaxoSmithKline’s Mepron Oral Suspension. It is indicated for prevention and acute oral treatment of […]
SpiceJet, the most aggressive of India’s low-cost carriers, announced four new flights from Kanpur and Varanasi in Uttar Pradesh. While the new flights connect Varanasi to Bangalore and Kolkata, Kanpur is being connected with Mumbai. With this, said SpiceJet, it will be the first and only airline to offer daily direct flights on the routes […]
Pune-basedKolte-Patil Developers said it has sold 500 units in its new project, ORO Avenue. The project, which was launched last month, has seen bookings worth Rs 186 cr. The figure works out to an average of Rs 37.2 lakh. “When compared to other projects recently launched in Pune, OROR Avenue has sold maximum inventory in […]
Users of Jiophone, India’s highest selling mobile device, can install WhatsApp messenger starting from today, Reliance Retail said. The software can be installed by going to the phone’s appstore and downloading it. “WhatsApp will be available on the JioPhone AppStore starting 10th September, 2018 and will be rolled out on all JioPhones by 20th September, […]
YES BANK, India’s fourth largest private sector Bank, said it has taken a syndicated loan of $400 million loan facility from a syndicate led by Bayerische Landesbank, Commerzbank, CTBC Bank, First Abu Dhabi Bank PJSC, Korea Development Bank, State Bank of India, United Overseas Bank Limited and Westpac Banking Corporation. The money was borrowed out of […]
Infosys, the Indian IT services company, has been roped in to make the Australian Open tennis tournament more engaging for the fans. Infosys CEO Salil Parekh said the idea is to “change the way the Australian Open is watched, analysed and played” Australian Open is one of the top five tennis tournaments in the world. […]
JSW Steel Ltd reported an 8% jump in its crude steel production for August to 14.48 lakh tons. Crude steel refers to the first state of produced steel, and can be processed by the company into other products or sold to third parties. In the month of August, output of long rolled products, such as […]
Low-cost carrier SpiceJet has become the first airline to start regular services to the hill state of Sikkim in North East India. In the absence of direct air connectivity to the State, tourists headed for Sikkim currently have to fly to Bagdogra and then take a road journey of over 100 km to reach Gangtok. […]
Jaguar Land Rover today reported total retail sales of 36,629 vehicles in August 2018, down 4.9% year on year, hit by a 38% fall in sales in China due to ongoing tariff war between the US and China. However, Chinese retail sales showed a slight improvement compared to last month, when they had fallen 47% […]
Ashok Leyland, one of India’s top two commercial vehicle makers, said it has set up an electric vehicle unit at its Ennore plant, giving the company the capacity to “deal with” about 5,000-10,000 electric vehicles per year. The move comes eight months after it signed an agreement with Israel-based Phinergy to explore the possibility of […]
The Supreme Court today directed the home secretaries of the states that have not filed compliance reports on anti-mob violence measures to personally appear before it after a week. Hearing a public interest litigation on rising cases of violence by cow vigilantes in July, the court had issued 12 guidelines for all state and the […]
