In what is probably the company’s most fanciful investment to date, India’s largest private sector company Reliance Industries has taken a controlling stake in a US-based futuristic transportation company. skyTran Inc is developing a technology to transport people using pods that are kept in the air by a magnetic force from below. RIL, which was […]
The new rules for messaging apps announced as part of today’s digital/online media regulatory framework will make it impossible for WhatsApp to continue to operate in India in its present form. One of the key demands placed by the government in front of WhatsApp has always been that it should attach an origin-ID to all […]
The Indian government is all set to announce new rules that govern online and social media platforms such as Facebook, Twitter, Youtube, Hotstar and Amazon Prime today, according to a report by financial news channel ET Now. The IT and Information & Broadcasting ministries will hold a combined press conference at 2 PM today to […]
Telecom operator Bharti Airtel has raised $1.25 billion (Rs 9,050 cr) via dollar-denominated bonds from a clutch of international investors, tying up funds ahead of impending auctions of 5G spectrum. The debt was raised at considerably low interest rates, though they carry the risk of the US currency appreciating in value against the Indian rupee. […]
Bharti Airtel has announced its entry into the lucrative, Rs 30,000 cr digital advertising market in India, making it the most serious competitor yet to Google and Facebook, which together control about 90% of the market at present. While Google leverages its access to search data and Facebook taps its access to behavioral data on […]
Maruti Suzuki today launched the all-new Swift 2021, three years after it gave India’s most popular hatchback a overhaul with its 2018 edition. While the 2018 model was a complete makeover that changed the very shape of the car, Maruti Suzuki 2021 carries over much of the design language of its predecessor. Perhaps the biggest […]
In a further commitment to rolling out Open RAN technologies, telecom operator Bharti Airtel announced a tie-up with hardware and chipset provider Qualcomm Inc. It said Qualcomm will provide technology to support the roll-out of 5G using the open technology. Qualcomm is a maker of semiconductors or chips that are used by other equipment makers, […]
TVS Motor Co, one of India’s top motorcycle makers, said it appointed industry veteran Timothy Prentice as vice president in charge of design. Having started his career at Honda’s US-based R&D team, Prentice won the Red Dot award for designing electric motorcycle Mission R in 2010. Prentice has helped brands such as Triumph Motorcycles, Polaris, […]
Vodafone Idea launched one of India’s first per-per-view service on its Vi Movies & TV platform. The service, which will enable users to rent premium video content such as new movies, will be clubbed with what the company called ‘deals from Hungama Digital’ — an independent provider digital video and audio content. Initially, the service […]
Kochouseph Chittilappilly, the founder of V-Guard industries, said he has set up a company called K Chittilappilly Capital Pvt Ltd with the purpose of providing venture funding to entrepreneurs. In a letter to V-Guard industries, Chittalappilly — who founded V-Guard Industries as a voltage stabilizer maker four decades ago — said the new NBFC is […]
Prestige Estates Projects, which operates some of India’s top malls such as Bangalore’s Forum Mall, said retail spending has recovered to around 70-80% of normal levels, though it may take several months for it to fully normalize. “The malls should be back in the next six months, they should stabilize fully. Hospitality should take a […]
Vodafone Idea, which is struggling to stave off bankruptcy after a Supreme Court bench heaped billions of dollars of extra liability on the company last year, indicated that it was not planning to sit out the 5G game. The company is currently racing to tie up funds to keep its business afloat as it lost […]
India-based pharmaceuticals maker Glenmark Pharma has launched a generic version of a popular kidney cancer drug priced 96% lower than the branded version in India. Pfizer is the innovator of Sunitinib. Glenmark said its drug is launched at a price that is approximately 96% lower than the MRP of the innovator brand. Glenmark’s prices are […]
Indian IT services provider Wipro Ltd said it has refreshed its 15-year engagement with Telefonica Germany with a focus on enabling new services in the 5G era. The program “will ensure that Telefónica Germany / O2 is well positioned to modernise and launch a range of new offerings including 5G products and services,” the Indian […]
Two- and three-wheeler maker TVS Motor Co said it has appointed a new distributor for the UAE market and inaugurated a new, 2,000 sq ft showroom. The company also plans to significantly scale up its offering in the country. The new distribution arrangement was signed with Public Motors, a unit of Ghaf Investments LLC. The […]
Government of India seems to have had a change of heart as far as its digitization strategy for radio is concerned, particularly on the choice of technology for the future. The first phase of India’s radio digitization — which has the potential to deliver CD-quality sound on radio receivers — was started around 11 years […]
TV Today, one of India’s largest news broadcasting companies, reported a strong set of numbers for the Oct-Dec quarter, indicating that the TV broadcasting business had more or less completely recovered from the impact of COVID-19. Revenue at the core TV broadcasting business returned to growth after a year, posting revenue of Rs 186 cr […]
GAIL (India) Limited, India’s largest pipeline operator, said it has taken a 5% stake in Indian Gas Exchange or IGX. It is not clear whether the investment is into fresh shares or whether the purchase is those of shares belonging to an existing shareholder. However, GAIL said it signed a share purchase and shareholders agreement […]
Jewellery and accessories maker Titan Company returned to growth after nearly a year, with third-quarter sales rising 12% on year, excluding bullion sales. The total income for the quarter was Rs. 7,324 crores, including sales of gold bullion to the extent of Rs. 340 crores, compared to the income of Rs. 6,226 crores for the […]
Alembic Pharmaceuticals said a new chemical developed by one of its joint ventures has become the first new chemical entity designed by Indian scientists to win approval from the US Food & Drug Administration. Umbralisib, created by its 50% JV Rhizen Pharma, is an anti-cancer drug that works by inhibiting phosphoinositide 3 kinase (PI3K) delta […]
