Tata Motors said retail sales for Jaguar Land Rover were 65,097 vehicles in September, up 6.6% compared to September 2016. This was primarily because of continued “solid sales” of the F-PACE as well as the introduction of the Range Rover Velar, Jaguar XF Sportbrake and long wheel base Jaguar XFL in China, the company said. […]
Reliance Infrastructure said it disagreed with the decision by India Ratings, a unit of Fitch, to downgrade its debt over delays in equity infusion and monetization of assets. “The Company respectfully disagrees with the views of India Ratings,” it said today. “The Company has taken series of steps for asset monetization including inter alia filing […]
Future Retail will pay most of the cost of its proposed Hypercity acquisition by issuing new shares, and only about a fourth will be paid in cash. The deal will put even more distance between Future, which operates chains such as Big Bazaar and Central, and other players in India’s organized retail market. Hypercity is […]
Five customer accounts belonging to Andhra Bank and Syndicate Bank were subjected to fraudulent withdrawals using the customer’s Aadhaar data, government data indicated. Four of the five Aadhaar fraud cases took place in Andhra Bank, while the remaining one took place in Syndicate bank. The four account holders of Andhra Bank lost a total of […]
Sterlite Technologies said it won a three-year deal to supply high-quality fiber optic cables to du, a telecom network in the UAE. Financial details were not disclosed. “With an on-going relationship with du for the past six years, we have renewed the partnership for our innovative range of smarter optical communication technologies. “Through this agreement, […]
Zydus Cadila said it received the final approval to launch overactive bladder drug Fesoterodine Fumarate in the US. The sales of Fesoterodine Fumarate Extended-Release Tablets are estimated at $195.5 million. It will be manufactured at the group’s formulations manufacturing facility at Moraiya, Ahmedabad. Fesoterodine is used to treat an overactive bladder with Symptoms of urinary […]
Idea Cellular, which has been under pressure in recent months due to aggressive offerings from rivals Bharti Airtel and Reliance Jio, has unveiled a new promotional offer that gives 1 GB per day for 28 days at a price of around Rs 250. Unlike other plans, this one does not offer any voice benefits. But […]
Flipkart, one of India’s top two online market places, said it saw twice as much business as part of its Big Billion Day Sale this year compared to the last. The company said it added over 3000 sellers to Flipkart Millionaire Club in a span of just five days of TBBD sale. The title is […]
A student in Kerala went out on a limb to expose the abuses of his teacher by bringing a cellphone and recording the teacher’s actions secretly. The video, which shows the teacher repeatedly beating a student with his hand, has gone viral on WhatsApp in Kerala. The video has an attached message that says that […]
OnePlus, the sister company of Vivo and Oppo, totally dominates the online market for premium handsets with a 57% market share compared to just 4% for Samsung, the Chinese company said, quoting numbers from IDC. The numbers are only for online sales, and do not include data for traditional sales through shops. OnePlus, which was […]
IT outsourcing company Infosys said it has been chosen as a partner by lift-maker KONE for developing and maintaining its enterprise resource planning or ERP system. Infosys has been able to “transition, elevate, evolve and transform” KONE’s ERP service delivery and landscape, said Nitesh Banga, Senior Vice President and Global Head of Manufacturing, for the […]
A survey by industry association Assocham has found that the majority of people who send their children to government schools are “overwhelmingly satisfied” with the performance of the schools. Improving the performance of government schools has been a high priority for the Aam Aadmi Party government in Delhi, and the task was taken up by […]
The recent gas price increase will improve the profitability of gas production operations of Oil India and ONGC, India Ratings said, while also benefiting transporter GAIL. “Although producers have been benefiting from lower rig and vessel rentals for renewed contracts due to soft crude prices, the operating cost remains close to realisations from its sale,” […]
NATCO Pharma Limited said it the US Food and Drug Administration approved the generic drug application filed by its marketing partner Mylan for injections used in the treatment of multiple sclerosis, a chronic inflammatory disease of the central nervous system. The drug, Glatiramer Acetate, will be manufactured by NATCO and sold by Mylan, and are […]
AU Small Finance Bank has tied up with Aditya Birla Health Insurance to to distribute the latter’s health insurance products. The bank will act as a corporate agent, it said. “This tie up shall be mutually beneficial for ABHICL & AU SMALL FINANCE BANK in terms of business, market penetration and reach,” it said. Aditya […]
Mumbai-based IT services provider Cyient said it has signed an agreement to incorporate machine learning meter and voltage signature technology from US-based startup Elpis in its solutions for power utilities. “Through this agreement, Cyient and Elpis will jointly pursue utility business opportunities, by leveraging their complementing solutions and technology respectively. “The partnership will combine Cyient’s […]
TVS Motor Company reported one of the strongest increases in its sales in its history, partly due to the compensatory effect of GST-related troubles in the previous month. Total two-wheeler sales registered a growth of 22.1% with sales increasing from 287,449 units last year to 350,854 units in September 2017. Within this, domestic two-wheeler sales […]
The Kerala ‘Love Jihad’ case saw a twist today with the Supreme Court making pointed observations while hearing the appeal against a decision by the Kerala High Court to annul the marriage of a Hindu girl who converted to Islam. The court observed that it will examine the question of whether the High Court overstepped […]
Anila Singh, one of the official spokespersons of the Bharatiya Janata Party in Uttar Pradesh, today said that Taj Mahal was a controversial monument and that its roots stretched back to a temple of Shiva. Singh, who is often on TV to defend the Yogi Adityanath government, was responding to questions about why the monument […]
Reliance Communications inducted its CEO and the president of its telecom business into its board of directors. Punit Garg, President, Telecom Business and Chief Financial Officer V Manikantan have been appointed as non-indepedent directors on the company board. The move comes after the company’s plans to merge with Aircel Cellular fell through and the company […]
