Pune-based networking component manufacturer & servic provider Sterlite Technologies Ltd has unveiled an advanced and open standards-based software-based networking solution for fiber-based broadband providers. “With the programmable FTTx announcement, STL becomes one of very few companies in the world to have a software-defined network (SDN) solution for access connectivity,” it said. SHIFT TO SMART NETWORKS […]
Zee Essel Group today said it has completed the sale of 8.7% of its crown jewel, Zee Entertainment Enterprises, to US-based Invesco Oppenheimer Developing Markets Fund as per a plan announced in July. The remaining 2.3% stake that is to be transferred to the fund will also be sold in the “next few days”, the […]
Discovery Communications, the country’s most popular provider of reality-based television programming, has come out strongly against TRAI’s current rule that requires channel owners to treat all cable and DTH operators equally. Media regulator TRAI had earlier this year implemented Tariff Order of 2017, under which broadcasters like Discovery, Zee and Star have to offer channels […]
A “silent minority” in the Kashmir region favours complete integration with India and back Centre’s decision to change Article 370, the top commanders of the Border Security Force have been told during a specially-arranged closed door meeting addressed by a former Indian Army general. “The BSF should identify and empower these people,” a former three-star […]
Reliance Jio has unveiled detailed prepaid tariff plans for its Jio Fiber broadband-cum-IPTV service. The plans start at Rs 699 per month (Rs 825 including 18% GST) for 100 GB and go and go all the way up to Rs 8,499. On the face of it, the plans are slightly more expensive than most people […]
IT and outsourcing firm Tata Consultancy Services said it has expanded its engagement with Nordic logistics group Posten Norge to develop a more advanced digital solution. Posten Norge is already a TCS customer from 2013, and the new terms come in the wake of increased deployment of automation software in industries to cut down on […]
Even as banks remain reluctant to lend money to non-banking institutions after the default of IL&FS, State Bank of India has tied up with Edelweiss Group to leverage the NBFC’s sales and marketing network to extend loans to small and medium businesses. The move comes in the wake of the RBI laying down clear guidelines […]
Ashok Leyland, flagship of the Hinduja Group, said it has received BS-VI emission norm certificates for all its heavy duty truck, ahead of the April 1 deadline for the switch over to the new fuel and emission standard. All of the company’s trucks with a rating of 16.2 tons or above have received certificates from […]
In a major win, Larsen & Toubro has beaten its competitors to win the contract to construct the upcoming Navi Mumbai Airport being built by the GVK Group. The contract is worth between Rs 5,000 to 7,000 cr, the company said. The items covered by the contract includes cut and fill works, terminal works including […]
An Indian cultural organization was forced to take ‘beef curry and parota’ — a popular food item in the South Indian state of Kerala — from its menu at an exhibition organized by the Indian consulate in Frankfurt. The incident took place over the weekend at ‘Indien Fest’, an event aimed at giving local Germans […]
Larsen & Toubro said L&T-MHPS Boilers Private Ltd (LMB), one of the company’s joint ventures with Mitsubishi Hitachi Power Systems, won a thermal power project order worth Rs 2,500-5,000 cr from the UP government. The order, from THDC India Limited – a joint venture of Government of India and Government of Uttar Pradesh – is […]
Reliance Jio, the start-up telecom operator, will become 70% bigger than current market leaders Vodafone Idea and Bharti Airtel in India in three years, India Ratings said. By FY22, Reliance Jio will have cornered 43.2% of the Indian telecom revenues, while Vodafone Idea and Bharti Airtel will have to be content with 25.4% each, the […]
SpiceJet, India’s most aggressive low-cost airline, has announced cheap tickets for international flights from Aug 30 to Mar 31. The all-inclusive one-way fares include Rs. 3999 for popular destinations such as Colombo from Chennai and Dhaka from Kolkata and Guwahati. Tickets from Kochi to Male are available for Rs 4299, Bangkok-Kolkata for Rs 4699, Dubai-Mumbai […]
Suparna Singh, the former head of NDTV convergence who was appointed as NDTV CEO in December 2017, has resigned from the top job, the news broadcasting company said. “Ms Suparna Singh has informed the company that she will step down from her responsibilities as interim CEO with immediate effect,” the company said, without going into […]
Pharma major Lupin said it has agreed to sell its Japanese injectables business to a wholly owned subsidiary of Neopharma group, the UAE’s largest pharmaceutical manufacturer headquartered in Abu Dhabi. Lupin has agreed to sell all the issued and outstanding share capital in its unit Kyowa Criticare Co. Ltd to neo ALA Co. Ltd, a […]
Infosys said it has qualified as a ‘managed service provider’ for Google’s cloud computing products. Google gives the title of managed service provider or MSP to those companies who “have shown deep cloud expertise”. “From deep daily engagement across Google Cloud business and technical teams to quarterly business reviews, these partners will have the tools […]
A case has been filed by the Kerala Police against new media entrepreneur and journalist Shajan Skariah of MarunadanMalayali.com for ‘misleading essential services forces’ and ‘causing nuisance’ after he questioned the utilization of the funds collected in the aftermath of last year’s funds. Skariah had put up a video on Facebook and Youtube in which […]
Mahindra & Mahindra Ltd., the automotive arm of the Mahindra Group, has started operations at its first assembling plant in Sri Lanka, jointly with local firm Ideal Motors. Mahindra Ideal Lanka will assemble KUV100, a compact SUV, with a production capacity of 5,000 units per annum. Spread over 10 acres, the plant is expected to […]
When Pakistani Prime Minister Imran Khan put up a black rectangle as the profile picture on his official Facebook page, it is unlikely that he anticipated the reaction, particularly from a small state across the border. Khan, who changed his profile picture to black on the night of Aug 14, simply wrote #15AugustBlackDay next to […]
India’s oil and gas major ONGC Ltd said it is in the process of investing Rs 83,000 cr in various projects that will boost its oil and gas output. Shashi Shanker said the investment of Rs 83,000 crore rupees will be done via 25 projects. “15 of these projects currently under execution will directly contribute […]
