In an effort to boost tourism in its home town of Abu Dhabi, government-controlled Etihad Airways announced a set of freebies and packages for passengers transiting through the Gulf city. The biggest freebies are for first class passengers. They will get two free nights at any of the 60 hotels with which the airline has […]
SpiceJet, arguably the most aggressive low-cost carrier in India, has entered the e-commerce business with a new venture named ‘SpiceStyle!’ and also tied up with online giant Amazon. Products from the company will be available via the eponymous website, as well as on Amazon. The unit has been created as a subsidiary of SpiceJet. SpiceStyle! […]
Suven Life Sciences Ltd said it got a patent from Australia and another from the US for a new molecule used for treating disorders associated with Neurodegenerative diseases. The ‘new chemical entity’ patent no 2014358652 from Australia is valid through 2032, while that from the US will last till 2034, the company said. The chemical […]
SpiceJet, which was the most aggressive in pursuing the affordable airfare plan called UDAN, today started its services under the scheme. The airline started flights on the Mumbai-Porbandar route with at Rs 2,250 including all taxes and levies, while the fare on the Mumbai-Kandla and Kandla-Mumbai routes would be Rs 2,500. The fourth and last […]
The tablet market in India continues to shrink as phones become larger and larger, numbers from CyberMedia Research showed, but more and more people are opting for connected tablets with 3G and 4G options built-in. The total number of tablet PCs sold in India fell 16% in the first three months of this year when […]
Encouraged by a strong response, Honda Motorcycle & Scooter India said today it was advancing its roll-out target for its ‘Best Deal’ second-hand motorcycle chain in India. The company said it would add another 50 such pre-owned motorcycle shops in India in the remaining nine months of the current financial year. This will take the […]
Reliance Jio, the 4G operator is now offering 20% extra data to those who are using its services using a LYF branded handset. In other words, if you are eligible to get 1 GB of data per day, you will get 1.2 GB per day on a LYF device, and those who are on the […]
V2 Retail, formerly known as Vishal Retail, said it expects organized retail in India to grow a strong pace in the next three years to increase its share of the overall market to 24% by 2020. At present, the share of organized retail — mostly super markets and hyper markets, but also e-commerce — is […]
State Bank of India, the largest Home Loan Provider in India has reduced interest rates of high value home loans. Home Loans above Rs. 75 lakhs will now be cheaper by one-tenth of a percentage from 15 June, 2017. The revised interest rates will be 8.55% p.a. for salaried women borrowers. For others the rate […]
IT services player Infosys again clarified that its promoters had no plans to bring down their stake in the company. “Infosys would like clarify reports in the media speculating on plans of stake sale by the promoters,” the company said in response to a decline in its share price. “This speculation has already been categorically […]
Jet Airways said it inked an agreement with Aeromexico, the flag carrier airline of Mexico, to explore codeshare arrangements and shared frequent flyer programs. As part of the arrangement, both carriers will code on each other’s services between India and Mexico via common gates in Europe (London Heathrow, Paris Charles De Gaulle and Amsterdam). To […]
Chinese smartphone maker Xiaomi indicated that it is going to launch the Redmi Note 4X, the slightly modified version of the ‘non-X’ model, in India on Friday. It released a teaser video indicating the launch (see below). The model was launched in China in February, and was priced largely at the same level as the […]
The central government has okayed the listing of India’s premier renewable energy agency, IREDA, via an initial public offer. The move will help the non-banking finance company “increase its equity base which will help them raise more debt resources for funding renewable energy projects,” the government said. IREDA supports the non-traditional energy sector by giving […]
Generic drug manufacturer Unichem Laboratories said its formulations manufacturing facility at Ghaziabad has successfully exited an inspection by the US Food and Drug Administration. It received an Establishment Inspection Report (EIR) from the USFDA, the company said. “This receipt indicates the successful closure of the inspection and the queries raised during the audit (Form 483). […]
GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, said it won the contract to develop, operate and manage the new international airport of Heraklion at Crete in partnership with a Greek company. GMR Airports Limited will be the designated Airport Operator in the consortium for this project. Heraklion Airport, located in Crete, is the […]
Zydus Cadila said the US Food and Drug Administration has given the final approval to market the company’s Mesalamine Delayed-Release Tablets in the US market. Zydus Cadila was the first to file an Abbreviated New Drug Application (ANDA) for a generic version of Lialda. Lialda is indicated for the treatment of mild to moderate ulcerative […]
State Bank of India said its committee of directors for capital raising has decided to start receiving bids a qualified institutional placement of its shares with a floor price of Rs 287.58 per equity share. “The Bank may offer a discount of not more than 5% to the Floor Price,” it said. The bank is […]
Jet Airways launched a Commercial Pilot License training programme aimed at creating more than 380 professionals over the next five years, the company said. As part of the program, the first set of 60 cadets will begin training in the second half of 2017, with ground school and flight training at CAE’s flight academies in […]
Tamil Nadu-based Adpay Mobile Payment will formally launch its mobile services on Tuesday in a tie-up with state-owned Bharat Sanchar Nigam Ltd. The company, which will operate on the MVNO model, has sent out press invites for the inauguration function to be held on Tuesday. Under the MVNO or mobile virtual network operator model, a […]
Tata Motors said it saw a 4% decline in its total passenger and commercial vehicle sales volumes in May 2017. Total number of vehicles sold (including exports) in the month was 38,361. The company’s domestic sales fell 3% to 34,461 nos. However, sales of domestic passenger vehicles jumped 27% to 10,855 “due to continued strong demand for the […]
