State-owned Oriental Bank of Commerce said it intends to raise Rs 500 cr by selling bonds. “The Bank intends to raise Tier 1 Capital through Private Placement of Basel III Compliant Additional Tier 1 Bonds of Rs.10,00,000 each at par aggregating to Rs.500 crore with an option to retain over-subscription of up to Rs.500 crore,” […]
A group of 39 Islamic missionaries have been arrested for door-to-door distribution of religious pamphlets that said, among other things, that people who worship multiple Gods will burn in hell. The volunteers of ‘Mujahid Wisdom Global Islamic Mission’, who were distributing the material in villages near Kochi, were arrested on complaints by local RSS activists. […]
State Bank of India, India’s largest commercial bank, has waived processing charges on car loans till the end of the year, while halving the charge on some personal loans till Sep 30. The bank did not specify the new rates. It already has zero processing fees when someone transfers a home loan from another bank […]
Tata Power announced its plan to set up electric vehicle charging stations across Mumbai, and has set up the first one at its compound in Vikhroli. “These chargers would facilitate electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2O, Nissan Leaf, etc) at any time safely and conveniently. The […]
OnePlus, the Chinese smartphone maker, said it has started selling the 8GB version of its flagship phone on Amazon from today as part of its “Super Seller Week” on Amazon. The event will last till 25th August. There will also be some offers on the regular OnePlus 5 and OnePlus 3T, it said. The 8GB […]
Aurobindo Pharma said it received tentative approval for its for anti-HIV drug Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate under the U.S. President’s Emergency Plan for AIDS Relief or PEPFAR. The approved product is used for the treatment of HIV-1 infection along as a complete regimen in adults and pediatric patients weighing 40 kg and greater. […]
Vishal Sikka, the SAP-veteran who took over as the CEO of Infosys four years ago, has put in his papers after continuing differences of opinion with some of the key shareholders. He will, however, continue as the vice chairman of the company. He also wrote a long letter to the employees of explaining his reasons […]
IT solutions provider Wipro said it won a five-year IT infrastructure and applications managed-services contract from Grameenphone, the Bangladesh telecom operator owned by Norway’s Telenor. Under the agreement, Wipro will manage the entire IT infrastructure of the largest mobile telecommunications operator in Bangladesh. It will be in control of end-to-end application development and management, infrastructure […]
SpiceJet has become the first airline to conduct flight services to Pondicherry, the former French colony that is a prominent tourist attraction in South India. The flights will be from Hyderabad. With this new flight, Puducherry will be connected with Delhi, Mumbai, Bengaluru, Chennai, Tirupati, Ahmedabad, Jaipur, Chandigarh, Vijaywada and Varanasi with convenient onward connections […]
Mitashi, the Mumbai-based brand, has launched what has to be cheapest curved TV in India — a 32-inch model priced at Rs 28,000. It also launched a larger, 39-inch version at priced at Rs 40,000. Both are ‘smart TVs’. “The big idea was to enter the as-yet unchartered territory of smaller Curved LED TVs and […]
BSNL, the state-owned telecommunications company, said it has decided to extent the benefits of all special recharges to its subscribers even when they’re roaming. So far, these special tariffs were available only in the home location. For example, STV 349 which offers unlimited voice call to any network only in home LSA, now the benefit […]
Tens of thousands of five-star ratings given to Arnab Goswami’s Republic TV mysteriously disappeared over night, pushing the rating on the channel’s official page to a low of 2.1 stars out of 5.0. It is not clear why the ratings were removed. Over the last three days, the channel has come under a ‘rating attack’ […]
A medical student in Kerala was fined Rs 5,000 and his car impounded for three days after the driver of a State Road Transport Corporation bus complained that the student forced the bus to go slow. Faizal, from Azhiyoor near Mahe, was accused of blocking the way and forcing the ‘Lightning’ service bus to go […]
Even as attempts are made to lower the consumption of Chinese products in India by a section of the population, Xiaomi said it has sold 50 lakh units of Redmi Note 4 smartphone in India in six months. A total of 100 mln smartphones are expected to sell in India in 2017, and going by […]
Kerala’s fourth international airport at Kannur is very close to completion, with 95% of the airside works and 90% of cityside work completed, the government said today. Airside refers to the runway, bays, traffic control tower and so on, while city-side works refer to civilian construction components such as the parking area, approach roads and […]
SpiceJet reported an 18% growth in its net profit for April-June period at Rs 175 crore, the company said, making it the 10th successive profitable quarter for the airline. Total revenue from operations were Rs 1,869 crore, higher than Rs 1,521 crore for the same quarter last year. Before taxes, finance charges and other non-operating […]
The Maharashtra unit of Forum for IT Employees said 13 disputes over forced resignations and layoffs at IT organizations have been moved to the labor courts after failed mediation attempts by state labor authorities. 11 of the 13 cases were filed by employees of Tech Mahindra, and one each by those of Wipro and Vodafone, […]
Pharmaceuticals company Lupin said it received a 505 (b)(2) NDA approval for its Nikita”M (Pitavastatin) Tablets 1 mg, 2 mg and 4 mg from the United States Food and Drug Administration (FDA). A 505(b)(2) approval refers to one given by relying on studies already performed on a previously approved drug. The product is an alternate […]
The Telecom Regulatory Authority of India has started registrations for an open house discussion on its upcoming recommendations on net neutrality. The open house discussion will be held on Wednesday, August 30 at 9:30 AM in New Delhi. The venue has not been finalized yet, and is likely to be fixed after the regulator gets […]
Wipro, one of India’s largest IT services providers, said it has brought its big data analytics solution, Data Discovery, to Microsoft’s Azure cloud platform. Big data solutions help companies collect, store and analyse huge amounts of raw data produced by sensors, cameras, sales reports, social media campaigns and so on to obtain useful insights into […]
