Chinese smartphone maker Xiaomi indicated that it is going to launch the Redmi Note 4X, the slightly modified version of the ‘non-X’ model, in India on Friday. It released a teaser video indicating the launch (see below). The model was launched in China in February, and was priced largely at the same level as the […]
Anil Ambani-led Reliance Communications said it disagrees with the decision of agencies Moody’s and Fitch to downgrade the company’s credit rating based on its ‘standstill agreement’ with its lenders. Shares of RCom fell 4% to Rs 19.30 on the National Stock Exchange today as a result of the ratings action yesterday. “We respectfully disagree with […]
The central government has okayed the listing of India’s premier renewable energy agency, IREDA, via an initial public offer. The move will help the non-banking finance company “increase its equity base which will help them raise more debt resources for funding renewable energy projects,” the government said. IREDA supports the non-traditional energy sector by giving […]
Generic drug manufacturer Unichem Laboratories said its formulations manufacturing facility at Ghaziabad has successfully exited an inspection by the US Food and Drug Administration. It received an Establishment Inspection Report (EIR) from the USFDA, the company said. “This receipt indicates the successful closure of the inspection and the queries raised during the audit (Form 483). […]
GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, said it won the contract to develop, operate and manage the new international airport of Heraklion at Crete in partnership with a Greek company. GMR Airports Limited will be the designated Airport Operator in the consortium for this project. Heraklion Airport, located in Crete, is the […]
Zydus Cadila said the US Food and Drug Administration has given the final approval to market the company’s Mesalamine Delayed-Release Tablets in the US market. Zydus Cadila was the first to file an Abbreviated New Drug Application (ANDA) for a generic version of Lialda. Lialda is indicated for the treatment of mild to moderate ulcerative […]
Laurel Energetics, one of the six persons who are making an open offer for the shares of RattanIndia Infrastructure Ltd said the acquirers have submitted a bank guarantee of Rs 111.41 cr rupees for conducting the open offer. The bank guarantee was made a precondition for the open offer to buy 35.9 cr shares of […]
A trustee of a prominent international school in Andheri in Mumbai has been booked for sexually exploiting kids studying in kindergarten in the school. According to the complaint filed in MIDC police station in Mumbai, a teacher used to take two kids — both aged three — to the trustee’s office during breaks. The incident […]
Den Networks said it sold its home shopping channel to Pimex Broadcast Private Limited based in Noida. Den entered the business under a joint venture with Jasper Infotech, the holding company of e-commerce firm Snapdeal.com, two years ago. “The name of DEN and Snap deal will be dropped off from the branding,” said the cable […]
Tata Elxsi, the Tata Group’s design and technology services company, said one of the top five carmakers in the world has licensed its driverless car software for use as part of its research and development in this direction. Further details of the deal were not disclosed. “We are delighted with this latest win for AUTONOMAI […]
Godrej Properties Ltd announced its first project in Sohna in the National Capital region. The project, which involves approximately 157,000 square meters (approximately 1.7 million sq. ft.) of saleable area , will be located in Sector 33. “This project will offer and will be developed as a modern group housing development. This project is located […]
Tamil Nadu-based Adpay Mobile Payment will formally launch its mobile services on Tuesday in a tie-up with state-owned Bharat Sanchar Nigam Ltd. The company, which will operate on the MVNO model, has sent out press invites for the inauguration function to be held on Tuesday. Under the MVNO or mobile virtual network operator model, a […]
Bharti Airtel said it received the approval of the Securities and Exchange Board of India, BSE and National Stock Exchange of India for its proposed merger with Telenor India. Bharti Airtel further stated that Telenor India and Airtel have today filed the joint company application before the New Delhi Bench of the National Company Law […]
Ashok Leyland said its vehicle sales for the month of May fell 8% on year to 9,071 units due to a steep fall in sales of medium and heavy commercial vehicles. However, the fall is less than the drastic decline posted for April. The automaker sold 6,139 medium and heavy commercial vehicles — mostly trucks […]
Anil Ambani Group’s telecom arm Reliance Communications said it has ‘formally’ communicated to its lenders that it will pay an amount of Rs 25,000 cr to them on or before Sept 30. The latest statement from the telecom operator comes as a way of reassuring investors and lenders that it is serious about paying back […]
Anil Ambani Group’s Reliance Communications said it was in talks with its lenders and partners to put off some of the instalment payments that the company had to pay until the completion of its merger with Sistema Shyam Teleservices and Aircel Cellular by September this year. “RCom is presently engaged in discussions with its lenders […]
Larsen & Toubro recorded revenue of Rs 36,828 crore for the final quarter of the financial year, recording an increase of 12% on a y-o-y basis. The overall PAT for the quarter January to March 2017 stood at Rs 3,025 crore higher by 29.5%, as compared to Rs 2,335 crore recorded for the corresponding quarter […]
Fashion TV has kicked off the 4K revolution in India by starting to transmit seven Ultra-HD television channels into the country and surrounding regions. These are the first free 4K channels that can be accessed from India easily. Each frame in a UHD video contains 8 mln dots, compared to 2 mln in Full HD […]
Indraprastha Gas Limited, the supplier of Compressed Natural Gas and Piped Natural Gas in the National Capital Territory of Delhi, Noida, Greater Noida & Ghaziabad today announced its Q4 results. The company’s net profit for the three months ended March increased from Rs. 108.96 crores in corresponding period last year to Rs 133.5 crore in […]
Tech Mahindra said its revenue fell 0.8% quarter on quarter in the three months ended March to Rs 7,495 crore, while net profit fell 31% to Rs 588 cr. In dollar terms, revenue rose 1.3% quarter on quarter and in constant currency terms, it was up 0.9% QoQ. In dollar terms, operating profit fell 22% […]
