India’s oldest English television news broadcaster NDTV officially denied that it has been sold to Ajay Singh, the promoter of SpiceJet. “We wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person,” NDTV Ltd said in an official […]
InterGlobe Aviation, the company that operates the country’s largest airline Indigo said the company would raise Rs 2,530 cr by issuing fresh shares. At the same time, existing shareholders of the company would raise Rs 1,265 cr by selling some of their shares as well, the company said. The total size of the offering would […]
Balaji Telefilms will make its digital content available Vodafone’s Play multimedia app, the telecom operator said. Nachiket Pantvaidya, CEO – ALTBalaji said the aim of his company was to make the content more widely available. “Our content caters to the Indian language, urban mass audience and is targeted at the 18-35 years demographic. The early […]
L&T Technology Services, the engineering services arm of the construction conglomerate, will co-develop industrial solutions with Intel subsidiary Wind River, which works in the emerging domain of Internet of Things. Under the partnership L&T Technology Services will “validate and optimize” its solutions with Wind River software platforms. These will then be offered to “shared customers” […]
ICICI Bank said the initial public offer of its insurance unit ICICI Lombard is priced at Rs 661 per share. The total amount to raised will Rs 5,701 cr. The initial price band was Rs 651-661. The IPO comprises the shares that are being sold by ICICI Bank and FAL Corporation in the insurance company, […]
HTC U11, the Taiwanese company’s come-back model, is all set to get an unspecified price cut under Flipkart’s Big Billion Days mobile sale that starts tomorrow at midnight. The online portal is teasing a price cut without revealing the extent of the cut. The current price for the phone is Rs 51,900, which pits it […]
Bajaj Finance will offer ‘no cost EMI’ schemes on over four lakh products during the Flipkart’s ‘Big Billion Days’ sale that starts tomorrow and ends on Sunday to its existing customers. “The existing EMI Card customer can transact on Flipkart without any processing fee or any down payment at No Cost EMI,” the company said. […]
OnePlus 5, arguably the most successful high-end phone in India, is set to face some competition from Meizu Pro 7 Plus, which is now likely to the first phone to come with the advanced 10-nm Helio X30 chipset in India. Meizu has so far focused on the mid-range 10,000-rupee market in India, and has launched […]
Glenmark Pharmaceuticals Inc said it has got the go-ahead to launch the generic version of Perrigo’s anti-inflammation ointment Desonide Ointment in the US. Desonide Ointment, 0.05% had annual sales of approximately $23.4 million for the 12 month period ending July 2017, according to IMS Health sales data. Glenmark’s current portfolio consists of 124 products authorized […]
Biocon said the plant inspection conducted by the US Food and Drug Administration at its Vishakapatanam plant passed without incident. “US FDA inspected our Active Pharmaceutical Ingredients (API) manufacturing facility in Wishakhapatnam, Andhra Pradesh from September 11 to 15, 2017 and completed the audit without any observations,” it said. No form 483 was issued, it […]
ICICI Bank is offering cash back of up to 10% for those who use its free Pockets prepaid payment card on platforms such as Flipkart, Amazon and Reliance Retail. Pockets prepaid card is a free card that is delivered to anyone who installs ICICI Bank’s wallet app — Pockets — and makes a request for […]
Tensions are on the rise between the ruling CPI-M and the Social Democratic Party of India in Ambalapuzha in Kerala after Left activists were attacked, allegedly for arranging the wedding of a Muslim boy and a Hindu girl. The SDPI is second only to the Indian Union Muslim League in terms of its vote-share and […]
Zydus Cadila said it received the final regulatory approval to market anti-sleep drug Modafinil in the US, and tentative approval for bladder control drug Solifenacin Succinate. Unlike a final approval, tentative approvals don’t allow the grantee to sell the drugs in the US market immediately. They have to wait for the patents to expire. The […]
Uflex, one of the world’s largest food packaging manufacturers, said it has developed an ‘active’ packaging material that can double the unrefrigerated shelf life of food items such as sandwiches. “The special properties of the FDA approved packaging material keep the pouch active by scavenging microbial growth thereby enhancing the shelf life of the Cooked […]
IT company Cyient said it signed an agreement to divest its 49% equity ownership in IASI, its joint venture with Pratt & Whitney, as it exits its IT services business. The Indian company will get $1.8 mln for the stake from United Technologies Corporation, the buyer, after a dividend disbursement of $9.1 mln from the […]
Mumbai-based real estate company Godrej Properties said it has signed a joint venture agreement with Nirmal Ventures, also based in Mumbai, for developing a residential project in Thane. The project, located on the Lal Bahadur Shastri (LBS) Marg, Thane West, will be developed under a development management agreement, the company said. Spread over 14 acres, […]
Bangalore-based Wipro won a high-profile client by signing up McLaren Technology Group, the company behind the successfull McLaren Formula 1 racing team. As part of the multi-year partnership, Wipro will deploy its HOLMES artificial intelligence platform to boost the productivity of McLaren’s fast growing automotive and high-tech businesses. Wipro has been given the title of […]
Even as Apple and its iPhone brand remains the most aspirational smartphone in India, it is OnePlus — owned by the same Chinese company that makes Vivo and Oppo — that has won the hearts of its Indian customers. OnePlus — which brings out only one phone at a time — emerged as brand with […]
The sales of 4G-enabled tablets overtook that of 3G tablets for the first time in the April-June quarter of this year, numbers from CyberMedia Research showed. About 36% of the tablets sold in India during the three months came with 4G technology, while 33% came with support for only 3G high-speed data. In the preceding […]
The government of India has warned against the import of illegal chemicals used in making fireworks and sought citizens’ help in tracking them. “Possession and sale of fireworks of foreign origin is illegal and punishable under the law,” it said in a statement today. “Information about possession and/or sale of such fireworks may be reported […]
