Mahindra Lifespaces announced the launch of its a new affordable housing project in the Mumbai suburb of Palghar with one-room-kitchen flats starting at just Rs 8 lakhs. The project, under Mahindra Lifespace’s Happinest brand, also offers 1 Bedroom-Hall-Kitchen and 2 BHK flats “amidst lush, green surroundings” costing up to Rs 24 lakhs. The flats are […]
Gold exporter Rajesh Exports said it received an order worth Rs 873 crore from a leading global white label importer from UAE. The Company expects to complete this order by June 2018, it added. With annual sales of Rs 2.42 lakh cr (or $37 billion), Rajesh Exports is one of the world’s leading jewelry companies. […]
Sun Pharmaceuticals Ltd, India’s largest drugmaker, reported a 14% decline in its revenue for the December quarter, led by a 35% fall in revenue from the sales of dosages in the US. Net profit fell 75% to Rs 365 cr from Rs 1,472 cr last year and Rs 912 cr in the preceding quarter. Total […]
The recent arrest of Indian Mujahideen co-founder Abdul Subhan Qureshi is proving to be valuable to the Delhi Police after it was able to make a second arrest today in the form of Ariz Khan aka Junaid. Khan is suspected to be involved in at least five bomb blasts carried out by Indian Mujahideen in […]
Club Mahindra, the holiday company owned by Mahindra & Mahindra, said it purchased two non-operating companies that have started ‘villa construction’ business in Sweden. The acquisition of the companies were done at a nominal price of 50,000 Swedish Kronas (Rs 4 lakh) each. The two companies were established recently, in October last year, under Swedish […]
Sun Direct, the DTH platform from Chennai-based Sun TV Network, said it has added 25 new channels, including five HD channels. With this, the total number of HD channels on the platform has risen to 65 and the number of standard definition channels has risen to 237. It is expected to add another 15 HD […]
Pune-based real estate developer Kolte Patil Developers reported a 55% growth in its net profit for the December quarter after strong sales lifted margins compared to last year. However, on a sequential basis, net profit fell to Rs 28 cr from Rs 30 cr due to lower non-sales income. New area bookings in Q3 were […]
In a move that is likely to benefit thermal power producers and coal manufacturers in India, power minister Raj Kumar Singh today said that efforts are being made to move towards ‘time of day’ tariff system to balance the interest of traditional and emerging power sectors. “We must understand that renewables cannot help us meet […]
Bangladesh beat USA to emerge as the top source of tourists to India in January. The country contributed 16.4% of India’s foreign tourists for the month, followed by USA with 14.1% and UK with 10.8%. Delhi International Airport accounted for the highest number of foreign tourist entries into India, with 28% of all foreign tourists […]
An oil exploration ship that was being repaired at the Cochin Shipyard was the site of an explosion today, resulting in several deaths. The incident took place on oil exploration vessel Sagar Bhushan, which is reportedly owned by ONGC. According to local media, at least 15 workers have been injured. Out of these, 4 people […]
Pharma major Lupin said it has launched a generic version of Roche’s big-selling flu drug Tamiflu in the US. The drug, known as Oseltamivir Phosphate, had annual tablet sales of approximately USD 518 million in the US, making it one of the biggest generics in the market. The dosages that have been launched are 30 […]
The income tax department has been able to identify millions of non-tax-filers and collect Rs 26,425 cr of self-declared tax by using software to analyze third party financial and transaction data over the last six years, the finance ministry said. The income tax department has been analyzing financial and transactional data since the year 2013 […]
The government can heave a sigh of relief as the Goods and Services Tax collection for January have come in slightly stronger than what many expected. The final number for January is Rs 88,929 cr, an increase of 6.3% over Rs 82,716 cr recorded in the previous month. The declines were a matter of concern […]
The percentage of Indians who have access to toilets has jumped to 77.52% from 38.7% in October 2014, the ministry of drinking water and sanitation said. The jump is largely due to the implementation of the Swachh Bharat (Clean India) Mission. Under the mission, a total of 6.11 cr toilets have been built in rural […]
India’s auto giant Mahindra & Mahindra said it has agreed to sell control of its Japanese speciality steel business to joint venture partner Sanyo Special Steel co for Rs 146.32 cr. Mahindra & Mahindra will sell 22% of the company, in which it used to own a 51% stake, and reduce its share to 29%. […]
Rajyavardhan Rathore, junior minister for information and broadcasting today confirmed that Doordarshan has given permission to eleven companies to manufacture set top boxes with encryption for use on its DTH service DD Free Dish. The statement confirms that the much delayed encryption of the service is on track and will be implemented once the stock […]
Information and Broadcasting minister Smriti Irani today clarified that there was no ‘ban’ on the transmission of condom ads during daytime, and that restrictions have been imposed only on ads that “objectified women”. Irani said she had already clarified the matter in response to a query by the health ministry on whether the ministry’s ads […]
Luxury automaker BMW launched its M3 Sedan and the new BMW M4 Coupé in India at prices of Rs 1.3 cr and Rs 1.33 cr excluding taxes. The prices include GST, but exclude road tax, RTO fees and other local taxes, levies and insurance. “The new BMW M3 Sedan and the new BMW M4 Coupé […]
Pharma major Lupin said it has launched a generic version of Concordia’s ADHD drug Kapway in the US. Kapvay tablets has annual sales of approximately USD 66 million in the US. It was in November last year that Lupin and Ajanta Pharma said they’d both got approval to launch Clonidine Hydrochloride tablets from the US […]
Maruti Suzki today unveiled the most anticipated new car in years, the new Swift, with a promise of 12.7% more mileage and 28% more luggage space than the outgoing version. The petrol version of the new Swift has been priced between Rs 4.99 lakh and Rs 7.29 lakh in Delhi before taxes, while the diesel […]
