After a strong January performance, automaker Mahindra & Mahindra reported more modest growth for February, with total auto sales growing by 19% against 32% in January. Total sales figure was at 51,127, slightly below the 52,048 recorded in January. With this, the company’s total sales in the 11 months of the current financial year are […]
Tata Motors reported a growth of 38% for its domestic auto sales for February, boosted by strong sales of SUVs as well commercial vehicles. Sales of commercial vehicles, which rose 36% on year, accounted for 41,222 out of the 58,993 total automobiles sold in February. The growth rate is slightly below the 38% seen in […]
Reliance Digital TV, the DTH service that was recently sold by Anil Ambani Group to investors led by Pantel’s Vijender Singh, has taken a leaf out of Reliance Jio’s Jiophone scheme to come back into the market. The company is offering a ‘free DTH connection for 1 year’ in return for a refundable deposit of […]
India’s largest carmaker Maruti Suzuki India said its monthly auto sales jumped 15% in February, after a disappointing growth of only 4.8% in January. The company reported total auto sales of 1.50 lakh in February compared to 1.30 lakh in the same month of last year. In the previous month of January, it had reported […]
Bajaj Auto reported yet another month of strong sales in February, with overall motorcycle sales rising 21% on year to 2.98 lakh units. In January, they were up 36% to 2.89 lakh. Domestic sales of motorcycles were up 23% at 1.75 lakh in February compared to an increase of 36% seen in January to 1.63 […]
Road developer Dilip Buildcon said it has been declared the lowest bidder for three projects of the National Highways Authority worth Rs 5,390 cr in total. The first two projects are for six-laning a 117.3 km stretch of the Bangalore-Mysore NH 275, while the third one is for the six-laning of NH 2 from Khairatunda […]
Construction company Dilip Buildcon said it has been awarded two contracts by the National Highways Authority of India for a combined total of Rs 1050 cr. The bigger contract, worth Rs 670.50 cr, has been awarded for road development work in Uttar Pradesh, while the 380.07 cr contract is for work in Karnataka. The company […]
So far, Donald Trump has earned many fans in India for his tough stance on terrorism, especially that emanating from India’s western neighbor Pakistan. Soon, he may win over a new class of fans — bikers — thanks to his latest attempts to reduce import duties Harley Davidson bikes in India. India has a policy […]
Pharma major Lupin said it has launched a testosterone topical solution in the US for males suffering from the deficiency of the hormone. Lupin’s Testosterone Topical Solution is the generic equivalent of Eli Lilly and Company’s Axiron solution, Testosterone Topical Solution, 30 mg per actuation had annual sales of approximately $179 million in the US, […]
Anil Ambani Group’s Reliance Infrastructure Limited said it won an arbitration award of Rs 292 crore against Government of Goa. The Arbitration Tribunal, in its award on February 16, 2018, ordered Government of Goa to pay Rs 292 crore to Reliance Infrastructure Limited by April 15, 2018, it said. “The need for arbitration arose due […]
The Congress Party’s star campaigner for the upcoming elections in Nagaland, Gaurav Gogoi has once again appealed to the voters to listen to the advice of the Church when they go to polling station tomorrow. Asked what was the Congress Party’s stategy for the upcoming polls, the Lok Sabha member said: “First of all, the […]
Bangalore-based real estate player Prestige Estates Projects said Singapore-based GIC Realty Pte Ltd, the country’s sovereign wealth fund, has signed a term sheet to explore the possibility of acquiring a ‘significant minority’ stake in the Indian company’s commercial buildings business. The term sheet is to explore an investment by Reco Jade Ind Pvt Ltd, a […]
Pharma major Strides Shasun said it has decided to launch the ‘over the counter’ version of ulcer drug Ranitidine in 150 mg dosage in the US markets immediately. Strides Shasun is already a key player in the US Ranitidine market with 32% market share through its prescription version in 150 mg and 300 mg doses. […]
Sun Direct, the Chennai-based DTH operator continued to add new channels to its platform over the past week, taking the total new ones to 41, including 9 in high definition. The new HD channels added include DSport, Zee Telugu, Colors Bangla, Discovery JEET and Fox Life. The new standard definition channels added include Madha Tv, […]
The Supreme Court has directed the government of India to set up a committee to suggest reforms in rules and regulations governing accounting and auditing services companies in India. The three-member committee has been asked to suggest a revamped regulatory mechanism for big auditing firms within two months. The order came in a public interest […]
Larsen & Toubro said it was awarded a Rs 928-cr contract by a government agency to construct 13,314 flats under the Prime Minister Awas Yojana Scheme. The flats, which will take the shape of 284 towers with four floors each, will be constructed in various locations of Krishna District of Andhra Pradesh, it added. “The scope […]
Hospital chain Fortis Healthcare said it received a notice from the Punjab and Chandigarh office of Registrar of Companies asking for information. The company did not clarify what the information was related to, but it is likely that it is related to the corporate affairs ministry’s inquiry into allegations that the promoters siphoned off money […]
Days after Larsen & Toubro reported receiving an order to revamp Pune’s municipal water supply network, Jain Irrigation Systems Ltd too said it won a Rs. 375 Cr contract from Pune Municipal Corporation for revamping the distribution system. “The contract involves ‘Study, Survey, Investigation, Assessment, Design validation and Revamping of entire Water Supply System including […]
When Chinese smartphone maker Xiaomi entered the Indian market, few thought the brand would go from zero to No.1 in a matter of four years, leaving biggies such as Samsung, LG and Micromax in the dust. So total has been the disruption that even today, Samsung has still not been able to come up with […]
Godrej Properties said it was adding a new 7.5 lakh square-foot residential project in Gurgaon, marking the 12th project for the Mumbai-based company in the National Capital Region. The company did not give much in terms of details, except to say that the project will be a “modern group housing development”. “This project is situated […]
