Jet Airways said it will offer discounts of 10-30% on its domestic and overseas flights for four days on the occassion of Easter. The sale started today and will run till April 2. The higher discounts of up to 30% are on international routes. Domestic flights will get up to 10-20% discounts, it said. The […]
Cox & Kings said it subsidiary MEININGER Hotels and investor LGIM Real Assets have signed an agreement for a new hotel in Glasgow. The hotel will be located on West George Street opposite Queen Street Train Station and will offer 160 rooms and 590 beds and is scheduled to open in 2020. This is the […]
Pharmaceutical manufacturer Biocon and its partner Mylan received marketing approval for their glargine insulin product Semglee in European Union and Australia, marking the first biosimilar approval for the partnership in Europe. Biosimilars are drugs that mimic or imitate the actions of natural proteins or enzymes in the body, such as insulin. Glargine insulin, which is […]
Two weeks after it announced a deal to supply forgings for six indigenous nuclear plants being set up by the Nuclear Power Corporation of India, construction major Larsen & Toubro reported yet another order related to same plants. This time, L&T’s order is to supply steam generators and shields for the Fatehabad plant. Interestingly, Bharat […]
ICICI Bank said it has priced the initial public offer of its broking arm ICICI Securities at Rs 520 per share. The offer for sale was open to subscription from March 22 to March 26 with a price band of Rs 519 to 520. At Rs 520, the IPO will raise Rs 3,515 cr, the […]
IndusInd Bank and Delhi Metro Rail Corporation (DMRC) launched a hybrid card that works both as a smart card for metro travelers as well as a debit and ATM card. IndusInd Bank customers can use the card as a Delhi Metro Smart Card in addition to all other regular debit card transactions, the bank said. […]
Industrial equipment maker Bharat Heavy Electricals Ltd said it won its biggest ever solar power plant contract to set up a 75 megawatt farm in Gujarat. The order from Gujarat Industries Power Company Limited (GIPCL) was won against “stiff competitive bidding,” the company said. BHEL has the lion’s share of the power equipment market in […]
Power generation company JSW Energy Ltd said it has appointed auto industry veteran Sergio Luiz Pegoraro Rocha of Brazil to head its upcoming electric vehicle unit. In his previous stint, he was President, CEO and Chairman of GM Korea (General Motors, Korea), Uzbekistan and Vietnam operations based out of Seoul, South Korea. The power company […]
Tata Steel said it has been declared as the successful resolution applicant by the Committee of Creditors of Bhushan Steel Limited, laying the ground for one of the biggest acquisitions in India’s iron and steel sector. Tata Steel said it has has accepted the Letter of Intent for Bhushan Steel under the Corporate Insolvency Resolution […]
Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced today between the two companies. The two companies signed five new memoranda of understanding (MoU) that they said will further strengthen their strategic alliance and accelerate the development of key products for consumers […]
Engineering services provider L&T Technology Services said it won a multi-million dollar project from Covestro, a Germany-based manufacturer of advanced polymer materials, to transform the company’s operations. The contract covers two major areas. First, L&T Technology Services will help Covestro migrate data as part of its larger digitalization program for its engineering, operations and maintenance […]
Deepika Narayan Bhardwaj, a crusader against the misuse of anti-domestic violence laws in India, said that her documentary ‘Martyrs of Marriage’ is now available on Netflix. Bhardwaj has won tens of thousands of fans and followers in India for her work towards exposing the misuse of the section. The section, incorporated in 1983, promises three […]
Dish TV India said it has completed the legal process of merging itself with rival Videocon D2h. Dish TV said it has filed all required documents with the Registrar of Companies, Mumbai, Maharashtra today. With this, it said, “the companies have completed all the steps pursuant to the aforementioned scheme read with NCLT Order and […]
A new report by Anarock Consultants says that sales of residential real estate units, mostly apartments, fell 15% in 2017 to about 2.05 lakh in India’s top seven cities. The report also showed that Banglaore has for the first time overtaken the National Capital Region as the second biggest real estate market in India in 2017. […]
Suven Life Sciences Ltd said it was granted one patent each from Norway, South Korea and Singapore for drugs for the treatment of neurodegenerative diseases. The company said the patents relate to selective 5-HT 6 and 5HT 4 compounds, which are being developed as therapeutic agents for major depressive disorders and for the treatment of […]
Axis Bank, one of India’s top three private sector banks, called reports of resignation of its two top officials “speculative assertions”. Responding to a notice from the stock exchanges, Axis Bank said: “The bank does not comment on speculative assertions around its internal functioning.” It said it will inform the exchanges of any “material, unpublished […]
Aurionpro Solutions said it has won a Rs 180 cr order from the Rajasthan government to create a 3D model of Jaipur city as part of converting the state capital into a smart city. The company said will play the role of a systems integrator and use Dassault Systèmes’ 3DEXPERIENCE software to create the model. […]
Responding to media reports that 12 of its Airbus A320 Neo aircraft have now been grounded, Interglobe Aviation, which operates the IndiGo Airlines, denied that any new development had taken place in this regard that merited public disclosure. “There is nothing material at this stage to comment beyond our earlier letter…” it said, referring to […]
Textile and garments maker Arvind Ltd said it set up a joint venture with global auto-seat specialist Adient to manufacture automotive seat fabrics in India. Adient Arvind Automotive Fabrics will be based in Ahmedabad, India, and will supply materials both to Indian and foreign customers of Adient. “The joint venture will benefit from synergies between […]
Alembic Pharmaceuticals said it has been issued with a Form 483 by the US Food and Drug Administration after the drug regulator conducted a routine inspection of its formulations facility in Panelav in Gujarat. Form 483 is issued to firm management at the conclusion of an inspection when an investigators observes conditions that in their […]
