Apparel Export Promotion Council of India has sounded alarm on the continued decline in apparel production in India and said India won’t be able to meet the garment export target of $20 bln this year. “If the capital blockage continues and the cost competitiveness of the industry is not restored, the slippage in exports will […]
Pharma major Lupin said it launched a generic version of Bayer’s birth control drug Safyral tablets in the US. The company had received FDA approval for the launch in December. The tablets has annual sales of approximately USD 22 million in the US. Lupin’s product will be called Tydemy. The combination is indicated for use […]
A team of doctors has been rushed to the set of film ‘Thugs of Hindustan’ in Jodhpur in Rajasthan after actor Amitabh Bachchan complained of ‘general uneasiness’. Bachchan’s condition is reported to be stable. The veteran actor has been shooting for the movie for several months. According to sources, the likely cause of the uneasiness […]
NTPC Ltd, India’s largest power producer, said it is raising $400 mln (Rs 2,600 cr) by selling dollar-denominated bonds that carry a 4.5% interest. The bonds were priced yesterday and the issue is now open, the company said. The notes will mature on March 19, 2028. Both the principal and interest payments will be made […]
Unlike other foreign leaders feted by Indian in recent years, French President Emmanuel Macron left a message directly to Indian people before stepping on to the plane back home. In a video message posted on Twitter, Macron sounded less like a politician and more like a ordinary person as he thanked everyone for making possible […]
State-owned oil marketing companies, Indian Oil, Hindustan Petroleum and Bharat Petroleum, are open to buying the land on which their retail outlets are located to offset rising real estate prices, oil minister Dharmendra Pradhan said. Pradhan was responding to a concern about how rising real estate prices in cities and towns are leading to landlords […]
Punjab National Bank, in the eye of a storm after a couple of employees issued unauthorized credit guarantees worth $2 bln to clients, said it has put in place procedural and technological changes required to prevent a repeat of the incident. Two key technical changes being implemented are a revamp of the way the bank […]
GAIL India Ltd, the country’s primary gas pipeline company, is unlikely to meet even 50% of its targeted piped natural gas (PNG) customer addition in the ongoing financial year. According to numbers provided by the ministry of petroleum and natural gas, GAIL has been able to add only 4.12 lakh PNG connections this year as […]
Zee Entertainment Enterprises Ltd, the flagship company of the Zee Group, confirmed that it has filed a complaint against Den Networks. It said the complaint referred to violations of the provisions of the Cable Television Networks Regulation Act, various Digital Addressable System rules and the Copyright Act. “Such action by the company is in the […]
Indian outsourcing company Infosys said it will delist its American Depositary Shares from Euronext Paris and Euronext London stock exchanges due to low transaction volumes. American Depositary Shares (ADSs) are securities issued by banks in place of actual shares, which are kept by the banks on behalf of the security holder. Their value depends on […]
Thanks to the explosion of data connectivity unleashed by Reliance Jio and other operators, an Indian company has emerged as by far the most popular channel on Youtube by number of views. According to Youtube tracking service Social Blade, Indian record label T-Series today has hit monthly views of close to 2 bln (200 cr) […]
The Ministry of Electronics and Information Technology said no case has been registered against reporter Rachna Khaira or The Tribune newspaper in relation to the January 3 story on how Aadhaar details were available for sale at Rs 500. The report had claimed that ‘agents’ were providing Aadhaar verification solutions for as little as Rs […]
All India Anna Dravida Munnetra Kazhakam, the party of the late chief minister J Jayalalitha, has unveiled the names and emblem of the four television channels that it is planning to start. The general entertainment channel will be called ‘J TV’. In addition, there will be three channels focused on music (MusicJ), Movies (MoviesJ) and […]
The office of the President of India said it has accepted the resignations of the two ministers from Telugu Desam Party, and that the civil aviation portfolio will be taken over by the Prime Minster. The two ministers, Ashok Gajapathi Raju and Y.S. Chowdary had put in their papers yesterday over demands by Andhra Pradesh […]
The Supreme Court has passed a far-reaching judgment today allowing terminally ill patients the right to refuse treatment and die, subject to certain safeguards and conditions. The Supreme Court has also approved the right to refuse medical treatment and the concept of a ‘living will’. A living will is essentially a document that lets people […]
Singapore-based agricultural commodity player Wilmar International has taken a controlling stake in Shree Renuka Sugars, one of India’s largest sugar companies that was saddled with high levels of debt. As of December 30, both the Indian promoter and Wilmar had a stake of just above 27% with about 257 mln shares each. On Friday, the […]
Prakash Industries said it will spin off its plastics business and enter the ‘flexible plastic packaging’ segment, a move that would see it competing with the likes of Uflex. The company said the new business will focus on high performance barrier films and laminates for use in packaging food, beverages, oil, personal care and pharmaceutical […]
Xiaomi, the Chinese brand, sold 2 smartphones for every smartphone sold by Samsung in Maharashtra — one of the most urbanized states in India, according to market research firm CMR. The numbers are a cause for worry for Samsung as they indicate that Xiaomi could continue to ramp up its presence in the country as […]
Fortis Healthcare, which is under the scanner of the Serious Fraud Investigation Office, said one of its independent directors, Joji Gill, stepped down due to ‘personal reasons’. “Ms Joji Sekhon Gill has tendered her resignation from the directorship of the company with effect from March 7 due to personal reasons, primarily attributed to her occupation […]
Southern railway zones, especially Southern Railway, are far behind their northern and western counterparts in fining those who litter the station premises, data from the Indian Railways showed. According to the data for the first ten months of the current year, Southern Railway division — which covers Kerala and Tamil Nadu — was able to […]
