GTPL Hathway likely to deploy custom Android OS on its set-top box

GTPL Hathway, the country’s single largest cable feed provider, said it has tied up with France-based Verimatrix to deploy its video content authority system — a software solution that helps GTPL stream video content to its Android TVs securely. The moves comes as GTPL Hathway ramps up its Android TV box-based service. The company started […]

Rs 17,000 cr – What state elections cost IOC, HPCL & BPCL

The three main state-owned oil refining and marketing companies have so far lost $2.25 bn (Rs 17,000 cr) due to the freeze on petrol and diesel price imposed by the government ahead of state elections in Uttar Pradesh, Punjab and Goa, according to a report by Moody’s. The rating agency pointed out that Indians are […]

Brigade Group enters villa segment with Devanahalli project

Brigade Group, a Bangalore-based real estate developer, announced its entry into plotted development or the villa space, responding to post-COVID changes in the market. The company said it plans to announce several gated community villa projects in the coming months. It will start off with a 66-acre project in Devanahalli, near the Bangalore airport, on […]

Petrol prices could be increased to Rs 130/liter to avoid under-recovery

State-owned oil companies such as Indian Oil, Bharat Petroleum Corporation and Bharat Petroleum are facing an under-recovery of Rs 12-15 per liter of petrol and diesel sold in the market, and may have to raise selling prices by around Rs 30 per liter to plug the under-recovery, according to industry sources. These companies had last […]

FII selling in Indian stock markets will stop this month – analysts

The relentless selling of stocks by foreign institutional investors or FIIs is likely to ‘taper off’ by the end of the current month, according to an analysis of FII fund flows into India by Maximus Securities Research. “The FII selling is expected to taper off by end of March’22, After which we expect normal market […]

Alembic Pharma gets USFDA nod for $797 mn generic BP drug

Alembic Pharmaceuticals said it received tentative approval from the US Food & Drug Administration to launch a generic form of blood pressure tablet Opsumit. The tablet, including generic forms such as macitentan, is one of the bigger sellers in the market with estimated annual sales of $797 mn. Most of the generic drugs sold by […]

ICICI Bank closes in on credit card leader HDFC Bank

ICICI Bank is emerging as a strong challenger for long-time leader HDFC Bank in India’s credit card market, thanks to strong take-up for its co-branded card with Amazon, according to an analysis of RBI’s January numbers. ICICI Bank accounted for 2.41 lakh of the 13 lakh new credit cards added in January 2022. With this, […]

Auto Sales February: Tata Motors on for another record, Maruti Suzuki to again decline

Tata Motors, India’s second biggest automaker, is on track to set another monthly record in terms of passenger auto sales in February, even as market leader Maruti Suzuki will continue to see a year-on-year decline, according to Emkay Research. The third major listed automaker, Mahindra & Mahindra is also scheduled to report a strong February […]

AirAsia India allows passengers to switch flights at airport

AirAsia has launched its ‘FlyAhead’ service in India, allowing passengers to switch to an earlier flight by paying Rs 500-1,500 at the airport counter. “Guests who reach the airport six hours or more prior to their scheduled flight departure, can opt for the FlyAhead service at the AirAsia Airport Counter. Change fees, which are typically […]

Delivery bike specialist Baaz raises Rs 15 cr VC capital

ElecTorq Technologies, which makes delivery-oriented Baaz electric bikes, said it raised $2 mn from investors such as Kalaari Capital, AdvantEdge, 9Unicorns and Sumant Sinha to fund its expansion plans. The company focuses on delivery workers with its bikes and automatic battery swapping network. “We are getting bombarded with requests from gig workers to join our […]

Cryptocurrencies threaten India’s financial stability, invest at own risk – RBI governor

Reserve Bank of India governor Shaktikanta Das today warned investors to exercise caution when investing in crypto-currencies. “I have made our position very clear on this. Private crypto currency or whatever you call it, is a very big threat to our macro-economic and financial stability. “RBI’s position is that private crypto-currencies will interfere with RBI’s […]

Godrej Properties says evaluating investment in DB Realty

Godrej Properties, one of India’s fastest growing and most profitable real estate companies, said it has got the approval of its board of directors to explore the possibility of acquiring a stake in rival and listed real estate developer DB Realty. “..the Board of Directors of the Company has at its meeting held today, i.e. […]

InterGlobe Air Transport enters hotel booking space in India

Gurgaon-based travel management company InterGlobe Air Transport said it has entered the hotel booking space in India under a tie-up with Spain-based bedsonline.com. “Through this alliance, we will be venturing into a new category of hotel bookings, diversifying our business while expanding our touchpoints across consumers’ travel journeys, with services including air travel, car rental […]