Jindal Steel & Power Limited reported a 17% year-on-year jump in its steel output for the three months from April to June, 2109. This compares to a 20% jump seen in the previous quarter. JSPL produced 1.57 million tons of steel and steel products during the quarter, slightly higher than the 1.51 millon tons reported […]
Maruti Suzuki, the country’s largest auto maker, has reported a 26% month-on-month fall in the production of passenger vehicles for the month of June, 2019. Compared to the same month of last year, the decline was 16.3%. The company reported total passenger vehicle production of 109,641 for June 2019, compared to 148,095 vehicles produced in […]
The civil aviation ministry said airfare levels in India have largely returned to normal, after a spike seen immediately after the shut down of operations of Jet Airways in April. The ministry also said that no airline was observed to have charged outside the declared fare brackets in the aftermath of the closure of operations […]
Bharti Airtel is all set to buy the promoter’s stake in Dish TV, Business Standard reported, quoting unnamed sources. The report seems to confirm what has only been informally known in the circles. The report said that Bharti Airtel, which operates rival DTH platform Airtel Digital, is likely to offer Rs 45-50 per share to […]
Union Health Ministry today announced that 18 out of 141 bats that were tested for Nipah Virus following last months’ outbreak in Kerala tested positive for the presence of Nipah virus as well as for relevant antibodies. About ten days ago, the ministry had said that the National Institute of Virology at Pune had found […]
India has missed its solar power target by a whopping 58% in the year gone by, according to the latest numbers from the ministry of renewable energy or MNRE. India was supposed to add about 16,000 megawatt (16 gigawatt) of fresh solar power generation capacity in the year ended March 2019. However, it added only […]
Shripad Naik, junior minister of defence with Government of India, has denied that his ministry has any plans to admit girls to Sainik Schools, contrary to claims made by predecessor Subhash Bhamre last year. “Presently there is no proposal to admit girls in Sainik Schools,” Naik said today in parliament. Sainik Schools were established in […]
Maharashtra, Madhya Pradesh and Chhattisgarh have the dubious distinction of being the worst states for H1N1 patients in India. Not only do they have relatively high number of patients, but your chances of making it alive as an H1N1 patient are also the lowest in India in these states. Other states — Gujarat, Rajasthan and […]
The government of India is exploring legal options to see if it can get back the spectrum assigned to bankrupt telecom operator Reliance Communications, telecom minister Ravi Shankar Prasad said. Anil Ambani-owned Reliance Communications has three types of spectrum — GSM spectrum in the 1800 MHz band that it got along with its license, spectrum […]
Bharat Sanchar Nigam Ltd, the state-owned telecom operator, is likely to take loans of around Rs 6,100 cr this year, on top of the Rs 6,500 cr it took in the year ended March. According to the ministry of communications, BSNL has sought permission to borrow Rs 3,306 cr from the market to buy equipment […]
The total number of 4G base stations in India has more or less doubled in the last 18 months to 1.26 million, according to numbers from the Department of Telecom. Against 6,76,462 4G base stations as of December 1, 2017, India had 12,62,841 (1.26 million) 4G base stations as of June 1, 2019. During the same […]
Government of India plans to give 4G-suitable spectrum in three LTE bands to BSNL and MTNL as part of a plan to revive their operations, Minister of Communications Ravi Shankar Prasad announced on Thursday. Prasad said the two public sector companies have requested spectrum in the 800 MHz, 1800 MHz and 2100 MHz bands to […]
Potentially marking a new era in provision of reservations in India, the Bombay High Court has upheld the provision of a reserved quota for Maratha community in educational institutions and government jobs. It has, however, asked the government to bring down the percentage of reservation to 13%. With this, the total percentage of reserved seats […]
Sun Pharmaceutical Industries today announced that it had licensed two of its products — for psoriasis and for dry eye — to China Medical System Holdings Ltd or CMS. CMS will pay Sun Pharma an initial upfront payment, regulatory and sales milestone payments, and royalties on net sales, the Indian pharma company said. The financial […]
SpiceJet said it will start a daily, non-stop flight between Mumbai and Hong Kong on July 31, the first by an Indian airline. It already operates a similar flight from Delhi. SpiceJet will deploy its 168-seater Boeing 737-800 aircraft on the sector. “The flight is timed perfectly for business and leisure travellers alike with a […]
Having withdrawn Star Bharat from India’s largest free DTH service, Star India seems to have decided to junk its erstwhile ‘dual brand’ strategy in favor of consolidating all its channels under the flagship Star branding. Movies OK, a channel that was launched seven years ago as a cheaper alternative to Star Gold, the group’s flagship […]
Chennai-based Cloud Computing solutions provider Ramco Systems said it has implemented its HR and payroll solution at Kuwait Food Company (Americana) K.S.C.C., one of the largest food companies in the Middle East. It said the first phase of the project has gone live, involving 9,000 in the UAE. Americana Group was founded in 1964 in […]
Ducon Infratechnologies Ltd, which provides technology solutions in the industrial, infrastructure & digital, said that it has entered into strategic tie-up with Sterling & Wilson Private Limited, a flagship group company of Shapoorji Pallonji group, to jointly bid for large size flue gas desurlpherization tenders. “The joint bidding exercise has significantly expanded our financing capabilities […]
PVR Pictures, the production and distribution arm of India’s largest film exhibition company, said it has signed an agreement Kumar Mangat Pathak and Abhishek Pathak’s Panorama Studios to distribute films across India. Panorama Studios has produced hits like Omkara, Special 26, Drishyam, Singham, Raid and Pyaar Ka Punchnama, since it was founded in 2005. PVR […]
The ministry of agriculture and farmers’ welfare has clarified that no decision has been taken to make the Pradhan Mantri Fasal Bima Yojana or the PM Crop Insurance Scheme voluntary. At present, any and all farmers who take agricultural loans have to compulsorily take crop insurance. The scheme is reported to be a big money […]
