The Maharashtra unit of Forum for IT Employees said 13 disputes over forced resignations and layoffs at IT organizations have been moved to the labor courts after failed mediation attempts by state labor authorities. 11 of the 13 cases were filed by employees of Tech Mahindra, and one each by those of Wipro and Vodafone, […]
Pharmaceuticals company Lupin said it received a 505 (b)(2) NDA approval for its Nikita”M (Pitavastatin) Tablets 1 mg, 2 mg and 4 mg from the United States Food and Drug Administration (FDA). A 505(b)(2) approval refers to one given by relying on studies already performed on a previously approved drug. The product is an alternate […]
In the old days, wars were fought using armies standing face to face, such as in the first world war. Then came the aeroplanes and the jets, which allowed wars to be fought in the air, and far inland from the front lines, as was seen in the second world war. Fast forward to the […]
Finance Minister Arun Jaitley said there was no law on the use of bitcoin and similar crypto currencies in India, and users of such currencies may not get recourse to legal remedies for any damage. However, Jaitely added that the government has set up a committee that is expected to come up with suggestions for […]
Cognizant Technologies, one of India’s largest employers, reported a 3.5% jump in its quarterly revenue in dollar terms, and raised the lower end of its full-year revenue forecast for 2017. It said it now expects revenue for the current year to be in the range of $14.70 billion to $14.84 billion. It had guided for […]
Trying to differentiate itself from regular ecommerce websites and apps, Yes Bank has launched an impulse buying app known as Tap To Shop. Unlike regular online shopping apps, Tap To Shop will be focused exclusively on delivering deals that are not available at most times. The customer must have installed the Yes Pay wallet on […]
Vodafone India said it tied up with Discovery Communications to offer 12 of its channels on its ‘Play’ app. These channels include Discovery Channel, TLC, Animal Planet, Discovery HD World, Discovery Science, Discovery Turbo, Discovery Kids, Investigation Discovery (ID), Animal Planet HD World, TLC HD World, Discovery Tamil and sports channel DSPORT. “Vodafone Play is […]
Maruti Suzuki said it has added the auto-gearshift option to the highest variant of its ‘millenial-focused’ IGNIS small car. AGS is already available on the cheaper variants, Delta and Zeta, and cars enabled with the technology account for 27% of IGNIS Sales, the company said. The AGS version of the Alpha trim will be available […]
TVS Motor Company reported strong auto sales numbers for July, while Tata Motors had a more modest growth in the same month. TVS domestic scooter sales grew by 35.8% to 92,378 in July 2017. Motorcycles grew by 15.1% 109,427 in July 2017. However, moped sales were down. As a result, total domestic two-wheeler sales grew […]
State Bank of India said it was enabling payment by Samsung Pay service on some of its higher debit card variants. Samsung Pay works by mimicking the ‘swiping’ action of a credit or debit card by sending a magnetic pulse. The ‘card machine’ or point of sale machine mistakes this for an actual swipe and […]
Zydus Cadila said it has received approval from the US Food and Drug Administration to market chemotherapy drug Temozolomide and blood pressure drug Nadolol. Temozolomide will be made available in six doses from 5 mg to 250 mg. It is used in the management of brain tumors. The market size of Temozolomide is estimated at […]
IndiGo Airlines, India’s largest airline by far, is in no mood to go easy on its rapid expansion in coming years, the company said. The company, which accounted for 85% of the total capacity added in the country in the last five years and grew its seats at 24% per year on average, plans to […]
Vodafone India renewed efforts to promote its cut-price voice and data offerings in recent days as the latest quarterly numbers from rivals Idea Cellular and Bharti Airtel suggested they had given out bigger discounts in the April-June period than anyone had expected. Earlier this week, Bharti Airtel reported that the total consumption of wireless data […]
The North Indian state of Haryana has emerged as the state with the highest daily wage under the Mahatma Gandhi National Rural Employment Guarantee Scheme at Rs 277. Bihar and Jharkhand came at the bottom with daily wages of Rs 168. The second highest wages was in Chandigarh, followed by Kerala at 265 and Nicobar […]
Maruti Suzuki today announced the launch of premium workshops and service centers under its ‘NEXA’ brand. The first NEXA Service workshop has been launched at Gurugram. NEXA Service will be expanded in phases, and Maruti Suzuki expects that nearly 300 NEXA Service workshops will be in operation by 2020, the company said. Received by a […]
Bharti Airtel Limited reported a drop of 14% in its revenue for the first quarter, at Rs 21,958 crore. Adjusted for sale of its units, the drop was 11%, it said. Net profit fell 75% to 367 crore rupees for the first quarter. Operating profit was down 18%. India revenues for Q1’18 at Rs 17,244 […]
Neem coating of urea, one of the key anti-diversion measures introduced by the Narendra Modi government to check the misuse of fertilizer urea by industries, seems to be paying off. According to the latest numbers, the Indian taxpayer saved about Rs 8,000 cr thanks to the move in the form of lower urea subsidy bill […]
Tower provider Bharti Infratel reported a 10% growth in its revenue and profit for the first quarter. The Consolidated revenues for the quarter, at Rs. 3,524 Crore, was up by 10% over the corresponding period last year. Consolidated profit from operations improved to Rs 1,575 Crore, up 12% compared to last year. Operating margin was […]
Pharma company Strides Shasun said it had received approval allergy drug Cetirizine Hydrochloride in the US. “The US market for Cetirizine Hydrochloride Capsules (Softgel) is approximately USD 60 mln, with only one other generic player,” the company said. “The product is ready for launch immediately and as in the case of OTC products, the market […]
NDTV, the oldest television news channel in India, was forced to withdraw a headline that portrayed gang violence in Dhule in Maharashtra as yet another case of ‘lynching’ in India after readers objected. Many commenters felt that the channel, which has been attempting to project itself as ‘Liberal’ outfit standing up to a ‘right wing’ […]
