A video has gone viral on social media claiming to show a shocking pileup that happened today on the Yamuna Expressway. The video shows the pile-up in action with more and more cars ramming into each other even as people stand on the sidelines watching. The accident was initially caused by a bus overturning, with […]
TeamLease Services, one of India’s largest staffing companies, said it has agreed to acquire 40% of Schoolguru Eduserve Private Limited, an Online Learning company that works with 18 Universities. Established in 2012, Schoolguru provides services to Indian Universities to help them deliver online courses for their students. It targets open universities or those that have […]
Adani Wilmar, the company that markets ‘Fortune’ brand of food products in India, is all set to enter the online grocery sales business with a new e-commerce portal and app called ‘Fortune Online’. The company has hired Ahmedabad-based Infibeam to set up an app for the same. Infibeam will be responsible for developing and maintaining […]
Largely along expected lines, the two warring allies within the Maharashtra government — the BJP and the Shiv Sena — are now reported to be wooing Sharad Pawar led Nationalist Congress Party. Shiv Sena head Uddhav Thackeray met with Pawar ten days ago, said CNN News18, and was reportedly told by the veteran politician to […]
Kamal Haasan today announced the launch of a new app called Mayyam or Whistle, in an attempt to organize people for a political movement, and said there was no question of turning back. “If I call such a huge press meeting and I say, I am still thinking about it, it would be unfair and […]
Pharma major Lupin said it a warning letter from the US Food and Drug Administration for its formulations manufacturing facilities in Goa and Indore on Monday. “We are deeply disappointed to hove received this outcome. While there will be no disruption of existing product supplies from either of these locations, there will likely be a […]
ICICI Bank, one of India’s top banks, said it has decided to list its equity broking arm ICICI Securities. “The board of directors of the bank today approved the sale of a part of its shareholding in ICICI Securities Ltd in an initial public offering by the company, subject to requisite approvals and market conditions,” […]
Ramco Systems said First Balfour, one of the largest construction and engineering firms in the Philippines, has deployed its ERP software to manage its entire business operations. “Deployed over nine months, Ramco ERP Suite has enabled First Balfour automate and streamline its equipment rental management, inventory, supply chain and asset management, along with finance, accounting […]
Tata Motors said its overseas subsidiary Jaguar Land Rover saw retail sales grow 0.2% in October to 46,418 vehicles. Jaguar retail sales were down 14.3% to 12,336 vehicles in October, primarily reflecting lower sales of the Jaguar XE, said Tata Motors. Land Rover retailed 34,082 vehicles in October, up 6.8%, led by the introduction of […]
Biocon said its partner Mylan has resubmitted the marketing application for two substances used to treat cancer — trastuzumab and pegfilgrastim — before European authorities after making changes to their production facilities. The drug applications before the European Medicines Agency (EMA) were withdrawn in August after the authorities refused to issue approval without reinspecting the […]
Online classifieds company Just Dial said its app was downloaded an average of 23,871 times per day during the three months ended September. This was nearly thrice the number of app downloads during the same three months of 2016, showing the impact of the company’s TV campaign. Just Dial has an aggressive TV campaign to […]
Greenlam Industries reported a 15.8% increase in net profit for the September quarter despite a hit on revenue from the GST by cutting down on operating costs. The company recorded a net profit of Rs 16.0 crores, up from Rs. 13.8 crores in the corresponding quarter last year. This was despite a 0.8% decline in […]
Inox Wind Limited, the most aggressive player in bidding for new wind power projects, said it expects almost 6 GW of new wind power projects to be auctioned in India over the next five months. In comparison, the country added 5.4 GW of wind power capacity on the ground in the last financial year that […]
Godrej Properties, one of the few big real estate giants that weathered the slow down in the market over the last three years well, has reported strong numbers for its second quarter. Revenue from operations jumped 49% to 492 cr, while net profit rose by 91% to 44 cr. Both revenue and profit more or […]
Hero MotoCorp, the world’s largest two-wheeler manufacturer, said October two-wheeler sales fell 4.8% to 6.31 lakh units. Declines were also seen in its competitors’ numbers, though not to the same extent. It said the difference in sales could be explained by the early onset of the festive season this year compared to last year. As […]
Ruchi Soya Industries said global private equity player Devonshire Capital will buy 51% of the company and 100% of certain of its ‘branded packaged oils distribution business’. The money will be substantially utilized for payment to all lenders over a period of time, it said. Devonshire will pay Rs 4,000 cr for the branded packaged […]
Ashokan Mani, who has accused the Popular Front of India of trying to kidnap his daughter into Syria, today said he had no problems with his daughter converting to Islam or marrying a Muslim. Ashokan, who has been asked by the Supreme Court to produce the girl Fadiya by Nov 27, said his problem was […]
Bajaj Auto said sales of motorcycles in India fell 1% in the festival month of October. However, a timely growth of 20% in exports of motorcycles helped the company report a 6% growth in overall motorcycle sales during the month. Total motorcycles sold in India was 2.12 lakh, down from 2.13 lakh last year, and […]
Two of India’s top satellite-based cinema feed providers, UFO Moviez and Qube Cinema Technologies, have decided to merge to take advantage of higher scale. The merger ratio and valuation will be 63.6% for UFO and 36.4% for Qube Digital. Currently, UFO supplies its movie feeds to around 4,000 screens while Qube provides its feed to […]
TVS Motor Company reported a sales growth of 3% for its two- and three-wheeler sales in October. TWO WHEELERS Scooter sales grew by 15.7% to 106,910 units in October 2017. Motorcycles sales grew by 3.2% to 125,409 units in October 2017. However, the growth came largely from exports. Two-wheeler exports grew by 20.0% increasing from […]
