Delhi Police said Abdul Subhan Qureshi, founder of Indian Mujahideen and the alleged mastermind behind 2008 Gujarat blasts, was living as an English teacher in Nepal before going to Saudi Arabia in 2015. Qureshi, an engineer by profession, was very comfortable with the Queen’s language and was teaching in two schools in the Himalayan kingdom. […]
Pharma company Lupin said it has launched a generic version of Pfizer Inc.’s antibiotic Vibra-Tab. The drug has annual sales of around $144 million in the US, the Indian company said. The AB-rated generic was approved by the United States Food and Drug Administration (FDA) earlier. Doxycycline Hyclate Tablets 100 mg is indicated for the […]
Diversified group Adani Enterprises reported revenue of Rs 9,938 crores for the Oct-Dec quarter compared to Rs 8,606 crores for the same quarter last year. Due to the higher revenue, operating profit (EBIDTA) jumped to Rs 1,048 crores from Rs 705 crores last year. Net profit inched up to Rs 351 crores from Rs 340 […]
The Supreme Court has lifted the bans imposed by certain state governments like Gujarat and Haryana on the movie Padmavat and said the movie will screen across India next week. The movie is set to release on Jan 25. The court said it was the responsibility of the state governments to keep law and order, […]
Panacea Biotec said it signed two long-term agreements with the world’s largest vaccine manufacturer, Serum Institute of India Pvt. Ltd, for manufacturing polio vaccines with a potential market size of $1.25 bln per year. The vaccine will also protect against six other diseases — Diphtheria, Tetanus, Pertussis, Hepatitis B, Haemophilus influenza type B & Polio. […]
Engineering services provider L&T Technology Services said it won a $50 million (Rs 320 cr) contract to provide engineering and R&D services to “leading aerospace electronic systems manufacturer” for five years. The company, a listed subsidiary of Larsen & Toubro, did not name the client. It said the project will result in transformation of the […]
Hindustan Unilever, the country’s largest fast-moving consumer goods maker, reported a 17% increase in its like-to-like top line and an 11% growth in sales volumes for the October December period when compared to the previous year. The previous year’s sales were disrupted by demonetization. The total revenue, including tax, generated by the company rose to […]
Bharat Heavy Electricals Limited (BHEL) said it won a Rs 2,800 cr order from Maharashtra State Power Generation Company (MAHAGENCO) to set up a 660MW coal-based thermal power project in Bhusawal Thermal Power Station in Maharashtra. It will be set up as an expansion project (Unit 6) of the existing power station. The 1,420 MW […]
Bharat Forge, India’s largest exporter of auto components, said it opened a research and development facility at MIRA Technology Park in the UK to design powertrain solutions for Electric Vehicles. The powertrain refers to components such as the transmission that converts the engine’s power into movement. So far, much of the research on EVs were […]
Gravita India Limited, one of India’s biggest recycling companies, said it won a Rs 250 cr order from inverter manufacturer Luminous Power Technologies, a unit of Europe-based Schneider Electric. The order will be executed during 2018, the company said. “It will help the company to strengthen its top line and bottom line in coming FY […]
Ipca Laboratories Ltd said it is has acquired US-based drug manufacturer Pisgah Labs Inc. for US$ 9.65 millions free of debt. The acquisition is aimed at establishing the company’s foothold in the US market in the field of contract research and small-volume manufacturing of active pharmaceutical intermediaries. Pisgah Labs Inc., North Carolina, USA was originally […]
Hardik Patel, who recently joined with the Congress Party to give a scare to the BJP in Gujarat state elections, said attempts are being made to silence Vishva Hindu Parishad leader Praveen Togadia. Gujarat state Congress President Arjun Modhwadia was also present in the hospital with Patel and Togadia. “There is a political conspiracy to […]
Organizers said they were forced to cancel an event against superstitions and miracles in Kerala after members of the Social Democratic Party of India (SDPI), the political wing of the Popular Front of India, threatened to “level” those behind the event. “They tore our banner and threatened our light & sound provider,” said Suseel Kumar, […]
“I won’t be coming here again, I think,” said Infosys co-founder and chairman Nandan Nilekani at the company’s quarterly results press conference, indicating that he may step down from his role at Infosys sooner rather than later. Nilekani faced several questions from journalists about how long he planned to stay in the role of the […]
Cochin Shipyard Ltd said it will open a new ship-repair facility at Indira Dock of the Mumbai Port Trust. Cochin Shipyard has been in the ship repair business since 1982 and is one of of India’s leading ship-repair companies. “The signing the MoU with Mumbai Port Trust is in line with the company’s objective to […]
Maulana Masood Azhar, the founder of terror-cum-charity group Jaish-e-Mohammed, has warned the Pakistan government against giving in to the demands of the Americans, who want it to destroy all terror groups. Azhar said Pakistani media and intellectuals are trying to scare the people of the country into giving in to Trump’s demands. His comments come […]
Maruti Suzuki, India’s largest carmaker, said it has raised the prices of its models by Rs 1,700 to Rs 17,000. The cheapest models, such as Alto, will see the lowest increase in price and the most expensive models, such as the Vitara Brezza, will see the highest increase. The prices have been raised “owing to […]
Congress Party leaders could find themselves attracting unwelcome attention and scrutiny after the Supreme Court today decided to order a reinvestigation of 186 cases out of the 241 cases related to the 1984 anti-Sikh riots. Out of the 241 cases, 42 are related to riots. The move follows a recommendation to the effect by a […]
The Tata Motors Group global wholesales in December 2017, including Jaguar Land Rover, rose 23% to 1.17 lakh. In November, it had risen 22% to 1.12 lakh and and by 2.7% to 1.04 lakh in October. Wholesales of commercial vehicles rose 53% in December to 47,182, compared to 51% in November to 40,845. In October, […]
Several foreign banks, including the Bank of China, have sought RBI’s permission to set up operations in the country. Among those who have applied for permission to open a branch or office in the country are three banks from Iran, two from South Korea, one each from Malaysia and Netherlands. Bank of China is one […]
