Samsung India introduced two new 10-inch plus tablets, with the cheaper one priced at Rs 15k and the costlier one, which comes with an AMOLED display, at Rs 35,999. The premium model, called Galaxy Tab S5e, is probably the only tablet in India with an AMOLED display. It is also slim, at 5.5 mm, and […]
Bharti Airtel has made ring-back tones or caller tunes free for anyone with a monthly plan of Rs 129 or above. The service used to be charged at Rs 36 per month and lets users specify a song or sound-track of their choice for callers to hear, instead of the regular brr brr. The move […]
India’s Glenmark Pharmaceuticals Ltd said it entered into an exclusive marketing agreement with Novartis Biosciences S.A, a subsidiary of Novartis AG, for three products meant for treating chronic obstructive pulmonary disease (COPD) in Brazil. Under the terms of the agreement, Novartis remains the holder of the registration of these medicines and will be responsible to […]
Singapore-based investment management company Manulife has bought a 49% stake in the asset management arm of Mahindra Finance, marking yet another collaboration between an Indian financial company and a foreign asset management company for operations in India. The transaction has been structured as an investment of $34.9 million, or about Rs 2,000 cr, into the […]
Promoters of MAN Industries (India) Limited, one of India’s top manufacturers of large pipes, have increased their stake in the company by about 2.1 percentage points, the company said. The promoters purchased 12 lakh shares in a bulk deal from the market, it said. The transaction is likely to have cost around Rs 6.25 cr, […]
Glenmark Pharmaceuticals said it received tentative approval from the United States Food & Drug Administration for a generic version of Mylan Pharma’s acne cream Evoclin. According to IQVIATM sales data, the EVOCLIN Foam 1% has sales of $17.0 million per year in the US. EVOCLIN Foam is indicated for topical application in the treatment of […]
HDFC said it has agreed to buy a 51% of Apollo Munich Health Insurance Company Ltd for around Rs 1,347 cr. Apollo Munich will be merged with HDFC’s general insurance subsidiary, HDFC ERGO General Insurance Company Limited, even as Munich Re continues to remain invested in the new, merged entity. HDFC already has a joint […]
lnduslnd Bank said it will give effect to its take over of Bharat Financial Inclusion Limited — formerly known as SKS Microfinance Limited — on July 4. The private sector bank said it received the approval of National Companies Law Tribunal or NCLT last Thursday. With the merger, “all the assets and liabilities of Bharat […]
Mahindra & Mahindra, one of India’s largest car and SUV makers, announced that the prices of its cars and SUVs will jump by up to Rs 36,000 due to new safety norms that kick in from July 1. The biggest price increases will be felt on cheaper and older models such as Scorpio, Bolero, TUV300 […]
SpiceJet, the fastest growing airline in India, said 93.9% of its available seats for the month of May were filled, marking a record 50 months in a row when the company has topped the occupancy chart in India. “This is a feat unparalleled in global aviation industry and a huge milestone for SpiceJet,” said Shilpa […]
Bharti Airtel today said it has become the first telecom operator to launch 4G services in Lakshadweep, a group of islands off the coast of Kerala. The company has launched its 4G network on the islands of Agatti, Bangaram and Kavaratti. “It will be gradually expanded to other islands of the archipelago,” it promised. It […]
Saregama Carvaan, arguably the most successful digital audio product in India, has finally got internet connectivity, and along with it, support for online radio and podcasts. Carvaan 2.0 comes with support for Wifi, said its maker Saregama. “The pre-loaded 5000 songs continue to be accessed anytime without internet along with other features like FM/ AM, […]
Pharmaceuticals maker Caplin Point Laboratories said the US FDA has completed inspection of its Sterile Injectable manufacturing facility at Gummidipoondi in Chennai and issued two observations. The good manufacturing process inspection was done between June 6th and 14th. “The Company believes these to be of procedural in nature and the corrective and preventive actions for […]
Diversified group Piramal Enterprises Ltd said it has sold its entire direct stake of 9.96% in Shriram Transport Finance Co Ltd via the stock exchanges. The move comes at a time when non-banking finance companies find the going tough due to a slow down in credit flow to the industry. The company did not reveal […]
Tanushree Dutta, the US-based former Bollywood actress, said she was hardly surprised by the Maharashtra Police’s move to file a closure report in her complaint of sexual harassment by actor Nana Patekar and said the #MeToo movement’s aim is not to win justice for the victims via the legal machinery. She alleged that ‘a corrupt […]
UltraTech Cement Limited, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, said it plans to increase the contribution of green energy to 25 per cent of its total power consumption by 2021. More than 10% of the total power will come from renewable energy sources, it added. This will mean […]
Bharti Airtel said its unit Airtel Africa has “informed it of its intention to proceed with an IPO” that could raise up to $863 million. The IPO will be sized at $750 million, with a greenshoe option of 15%. Greenshoe option refers to the facility given to the underwriters to an IPO to buy extra […]
The state government of Kerala said a case of Nipah virus infection is suspected in a student in Kochi, but a Pune-based virology laboratory is yet to confirm the initial diagnosis. The student is from Thodupuzha in Idukki district, studies in Kochi, and spent 4 days in Thrissur when he was sick (May 16-20). Thrissur’s […]
Star India has cut the prices of English movie and entertainment channel pack by 29%, even as these channels struggle to regain traction in the market after the implementation of the new tariff order by the TRAI. However, the company has still not broken out its sports channels into a separate package, and customers will […]
Tata Power said it received a contract from Gujarat Urja Vikas Nigam Limited to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat . The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The Company […]
