Hyderabad-based mid-sized IT outsourcing provider Cyient Ltd said it, along with two partners, has won a contract to support one of UK government’s major land records digitization drives. The three companies will support Her Majesty’s Land Registry, the UK government’s land records bureau, to digitize nearly 26 million titles, accounting for around 87% of the […]
Seqrite, a cybersecurity consultant and the enterprise arm of Quick Heal Technologies, said a suspected Pakistani group has started a wave of sophisticated phishing attacks targeting India’s cricial infrastructure such as power and telecom. According to the IT security consultant, the initial intrusion chain begins with a spear-phishing email — an email that is designed […]
Bharat Dynamics Ltd, the prime production agency under India’s Integrated Guided Missile Development Programme (IGMDP), said it received top-up orders worth Rs 499 cr for the supply of Akash missiles to the Indian Army. Bharat Dynamics Ltd had got a mega contract worth for Rs 14,000 cr for Aakash missiles in March 2018. In September […]
Matrimony.com, one of India’s top matchmaking service providers, has agreed to buy ShaadiSaga.com, a Delhi-based online wedding services marketplace, for Rs 11 cr in cash. Shaadisaga.com had revenue of Rs 2.11 cr for the year-ended March, down by about 45% from the previous year due to COVID-19. Shaadisaga.com works by helping couples getting married to […]
Mumbai-based up-and-coming IT hardware manufacturer Panache Digilife said it intends to manufacture laptops and all-in-one PCs to target the consumer market, under the government of India’s production-linked incentive scheme. The company had qualified for receiving benefits under the PLI scheme last week, along with 13 others including Foxconn, Wistron, Dell, ICT, Dixon Technologies and Lava […]
Vodafone Idea CEO Ravinder Takkar has urged competitors Bharti Airtel and Reliance Jio to gradually move away from daily data plans, and said such plans made ‘no sense’ as consumers don’t use data uniformly. Daily data or unlimited plans were introduced by Reliance Jio as part of its Welcome Offer when it launched its services […]
Wonderla Holidays said it has decided to reopen its hotel, Wonderla Resort, near the Wonderla amusement park in Bangalore, from Monday. It said lock-down rules still do not allow it to open the amusement park yet. Wonderla Resort, which is a kind of weekend getaway on the Bangalore-Mysore road, will be opened with a 50% […]
Indian Pharmaceutical major Zydus Cadila has become the world’s first to seek approval for a DNA-based vaccine against COVID-19, with trials indicating 100% efficacy in adolescents against moderate disease after three doses. The vaccine, which is likely to be approved by Indian authorities, also promises relief for those afraid of needles, as it can be […]
Railtel Corporation of India, the telecom unit of Indian Railways, said it does not expect to lose subscribers to rival operators like Reliance Jio and Bharti Airtel, even as it promised to take its RailWire services to even the tiniest of towns this year. RailTel Chairman and Managing Director Punit Chawla said his company is […]
V2 Retail, the North India-focused general goods and garments retail chain, reported one of its best quarterly performances ever in the form of the Jan-Mar quarter, but said the subsequent three months have been ‘lost’ due to the second wave of COVID-19. “We were witnessing continuous improvement in demand till the lockdowns were announced due […]
Dr Reddy’s Laboratories, one of India’s largest pharmaceutical manufacturers, commercially launched 2DG COVID-19 treatment today, starting with the bigger cities. The drug, formulated by DRDO’s Institute of Nuclear Medicine & Allied Sciences in collaboration with Dr Reddy’s, is supposed to reduce the viral load in patients suffering from COVID-19. The drug, 2-deoxy-D-glucose, is supposed to […]
Puravankara Ltd, the biggest residential real estate brand in Bangalore, said it is making changes to its apartment designs to attract work-from-home customers, but believes that employees will shift back to the work-from-office model in another 12-18 months. STRONG DEMAND The company has been seeing strong demand for its residential flats, as buyers increasingly prefer […]
Amazon has expanded its Fire brand of devices and software to the service sector with the launch of its Fire TV Hotspot broadband service in India. The company started offering Fire TV branded broadband connectivity in the Indian city of Mumbai — making it possibly the only one in the world to get Amazon branded […]
Sharda Motor Industries, a New Delhi-based manufacturer of auto parts such as suspensions and catalytic converters, and the Kinetic group of Pune have become two of the rare Indian firms to dare to enter the cut-throat world of lithium-ion battery manufacturing. The supply of Li-ion batteries is currently almost completely controlled by Chinese companies, which […]
Indian pharmaceutical manufacturers Cipla and Glenmark Pharma said they received approval from the US Food and Drug Administration to launch a generic version of Sunovion Pharma’s inhaler therapy Brovana. The drug has substantial sales in the US of around $438 million in the 15 mcg dose and is approved for long-term, twice daily usage for […]
Jubilant Foodworks, which operates the country’s largest pizza and restaurant chain, said it expects safety concerns to drive consumers more and more towards bigger brands as it prepares for a major expansion over the next two years. The company said it will plans to open at least as many stores in the current financial year […]
The Hindustan Times group, which runs a similarly named English newspaper and the Hindi daily Hindustan, said its total investment in various companies under its ‘ad for equity’ scheme has crossed the Rs 500 cr mark. Most large media houses in India offer a fixed amount of ad inventory in return for equity of the […]
Hinduja Global Solutions, one of India’s top pure-play business process outsourcing companies, has been able to turn the massive challenge posed by COVID lock-down restrictions into an opportunity, posting record profits for the year. Like many organizations that depend on thousands of staff working inside a single building, Hinduja Global Solutions found its working model […]
Sun TV Network, the second biggest home-grown entertainment TV network in India, is planning to invest around Rs 25 cr each on two reality-based shows in Malayalam and Telugu to take on Big Boss. Currently, Big Boss — the most successful reality TV franchise in India — is with Sun TV’s primary rival in the […]
The confusion over the alleged freezing of the demat accounts of three big Mauritius-based investors in Adani group companies edged closer to being resolved, with National Securities Depository Ltd clarifying that the three accounts were frozen five years ago by a SEBI order. Adani Group divulged a clarification it received from NSDL, the agency which […]
