Tata Consultancy Services, India’s largest IT and outsourcing company, said it will buy out partner General Electric from their all-women business process outsourcing company in Saudi Arabia. GE expressed a desire to exit the venture, started in 2013, according to the Indian company. The center has grown from 20 employees seven years ago to almost […]
Signal, the open source messaging platform, has become extremely slow and even unresponsive in several parts of India after a sudden rush of new users looking for a more secure alternative to WhatsApp. Global interest in Signal app has jumped by around 50 times since WhatsApp announced changes to its terms of use last week. […]
Three weeks after warning that it will be forced to increase the prices of its automobiles, Mahindra & Mahindra today said it has implemented a 1.9% increase in the prices of its passenger and commercial vehicles. This will result in an increase of around Rs 4,000 — for the cheapest vehicle — to Rs 40,000 […]
Tata Power said it has won a Rs 488 cr order from Kerala State Electricity Board Ltd to put up a 110 megawatt solar power project in the southern Indian state. The power plant, which has the capacity to produce 110 million watts of electricity, is expected to generate about 274 million units of power […]
In a move that can potentially derail Reliance Jio’s plans to launch 5G services in the second half of this year, Government of India has come up with a plan to auction only 4G spectrum in March this year. The move to exclude 5G airwaves from the auction is likely to further delay the growth […]
BEML Ltd, formerly Bharat Earth Movers, said it received an order worth Rs 758 cr to supply ‘high mobility’ vehicles to the ministry of defence, Government of India. The vehicles would take the shape of armoured fighting vehicles, and trucks for moving troops, ammunition and stores to far-flung, difficult terrains in operational areas, the equipment […]
Reliance Industries, India’s largest private company, today rebutted rumors that the company has purchased agricultural lands on a large scale and that it plans to carry out contract farming to take advantage of the new farming laws. The clarification comes in the wake of a online campaign targeting the company, as well as rival Adani […]
Consumer-focused automakers, such as Maruti Suzuki and Hero MotoCorp, fared better than commercial vehicle makers, going by auto sales trends in December 2020. Maruti Suzuki, which accounts for around half the cars sold in India, was among the best performers, with a 20% jump in sales compared to December last year. The company sold 1.60 […]
Reliance Jio said it has removed the fair usage caps imposed on voice calls under its various unlimited call plans. The move is a response to abolition of domestic mobile interconnect charges. At present, Jio imposes a limit of 1,000 minutes per recharge on calls to other network on its most popular Rs 199 plan. […]
As part of a plan to double India’s nuclear power capacity by setting up 10 nuclear plants using indigenous technology, a government agency has put in purchase orders for more ‘reactor header assemblies’. The order for the ten reactor header assemblies has been won by public sector unit Bharat Heavy Electricals Ltd. Reactor header assembly […]
Glenmark Pharmaceuticals Ltd said it has launched a new diabetes drug in India at a price that is around 65% cheaper than those of competing offerings. The new drug is a combination of a Sodium Glucose Co-Transporter Inhibitor (SGLT2i) and a Dipeptidyl Peptidase 4 inhibitor. “Glenmark’s Remo V and Remozen V are priced at Rs. […]
Bicon Ltd and Lupin Ltd, two India-based pharmaceutical manufacturers, launched two drugs in the US, separately. Bangalore-based Biocon launched an immunosuppressant, while Lupin launched a pain relief drug. Biocon’s drug is called Tacrolimus, and it is a calcineurin inhibitor. The company said the drug is used in organ transplant patients to reduce the body’s ability […]
Five months after first losing its crown as India’s No.1 operator to upstart Reliance Jio, Bharti Airtel has again taken the top spot, aided by three back-to-back months of strong subscriber additions and slowing expansion on Jio’s side. As of October 2020, Bharti Airtel once again recorded the highest number of active mobile users in […]
Enterprise connectivity provider Tata Communications has acquired a 58.1% stake in France-based embedded SIM technology company for an undisclosed amount in an attempt to boost its portfolio of IoT offerings. Embedded SIMs are used in devices that don’t have enough space for housing a physical SIM, such as smart watches and small, medical devices. Besides […]
IT and outsourcing major Wipro said it will take over the IT division of Germany-based wholesaler Metro AG in a deal that is expected to generate revenue of over Rs 1,000 cr per year for the Indian company. A total of more than 1,300 IT staff from Germany, Romania and India belonging to the wholesaler […]
Indian stock market regulator Securities and Exchange Board of India has given its approval to IT major Wipro’s plans to return around Rs 9,500 cr to shareholders via a buy-back. The company said in a notification that it will now send intimations to shareholders about the buy-back on or before Dec 26. Owners of Wipro […]
Following automakers like Honda, Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki, Kia Motors, MG Motor and Renaut, Tata Motors too has announced a decision to increase vehicle prices from next month. However, unlike most others, Tata Motors will increase prices for commercial vehicles only, while leaving passenger vehicles alone for now. Around half of the […]
Mahindra & Mahindra, one of India’s largest makers of tractors, said it plans to increase the prices of its tractors from January 1 to offset increasing commodity prices. “Details of the price increase across different models will be communicated in due course,” it said. The move comes in the wake of record sales of tractors […]
A move away from traditional equipment vendors such as Ericsson and Huawei by telecom operators could open up a multi-billion dollar market for the likes of Tech Mahindra, Wipro, HCL Technologies, TCS and Infosys. Traditionally, telecom operators like Bharti Airtel and Vodafone Idea have almost completely outsourced the construction and management of their networks to […]
Thanks to the rapid roll-out of fiber broadband services by partner Reliance Jio, telecom player HFCL Ltd has started producing residential broadband-oriented fiber cables at a new facility in Hyderabad. HFCL’s new optical fiber plant in Hyderabad came online in January this year, and on Wednesday, the plant started making smaller size optical cable that […]
