An apparent incident of moral policing, in which young men allegedly tried to harass college girls wearing hijab for posing for photos with their male classmates has now ended with the police registering a case against the ‘guardians of cultural values’. The incident took place over in Kilinakode village in Malappuram, a conservative district in […]
Last Week’s clarification by the Union Finance Ministry that GST exemption is available only for properties with completion certificate is likely to hit real estate developers, a prominent consultancy firm said. The ministry had last week said that buyers have to pay Goods & Services Tax on any new flat that did not come with […]
Indian auto maker Mahindra & Mahindra said it has agreed to increase its voting rights in Scandinavian farm equipment maker Sempo to 49.04% from 35% by acquiring shares and convertible instruments at a cost of 4.66 mln euros, or around Rs 37.74 cr. Sempo, founded in 1853 in Finland, had revenue of around 52 mln […]
Pharma manufacturer Lupin said it has received approval from the US Food and Drug Administration to sell a generic equivalent of Lundbeck Pharma’s seizure drug Onfi. Onfi Tablets, in 10 and 20 mg doses, have annual sales of $601.2 million in the US, making it one of the bigger drugs in the market. Clobazam, the generic name of […]
The Kaiga Atomic Power Station in Karnataka, developed using Indian technology, has set the world record for the longest uninterrupted operation. The 220 megawatt unit, operated by Nuclear Power Corporation of India Ltd, has produced power continuously for 941 days, breaking the world record of 940 days held by Heysham-Unit 2 of the United Kingdom. The record is […]
Bangalore-based IT services firm Infosys said it has sold its minority stake in Israel-based CloudEndure for $15.3 million. The company had invested $4 million in the cloud computing start-up for a stake of less than 20% three years ago Infosys did not clarify who was buying the stake or what the reason for the sale […]
Pharma major Lupin said it got approval from the US Food & Drug administration to sell a generic equivalent to Biogen’s big-selling multiple sclerosis drug Tecfidera. Tecfidera has annual sales of $3.55 billion in the US, making it one of the biggest drugs in the market. The generic form of the drug is called Dimethyl Fumarate Delayed […]
Jain Irrigation said it won a Rs 584 cr order to set up an integrated micro irrigation project in Karnataka. The Singatalur Lift irrigation project is being implemented for irrigating drought prone areas of Huvinahadagali Taluk of Bellary district, Gadag and Mundargi taluks of Gadag district, Koppal and Yelaburga taluks of Koppal District Karnataka. Jain […]
Subscribers of Direct-to-Home satellite services on all existing plans, including long-duration packs, will be migrated to schemes compliant with TRAI’s tariff order on TV channels from 29 Dec, according to Dish TV, India’s biggest DTH operator. The company said the TRAI rules are applicable to all customers and there is no exemption for any category, […]
Early election leads indicate a slight edge for the Congress in elections to five states, with the party leading in Madhya Pradesh, Rajasthan and Chhattisgarh. Please refer to the table to see the updated results. STATE SEATS BJP CONG TRS/MSF MP 230 108 111 0 RJ 199 77 98 0 CG 90 21 63 0 […]
The Tata Motors said global wholesales for the group for the month of November 2018, including Jaguar Land Rover, fell 7% on year to 104,964. Within this, commercial vehicle numbers fell by 6% and passenger vehicle numbers by 7%. Total CV wholesales, including Tata Daewoo, were at 38,535 nos. Passenger vehicles sales were at 66,429, […]
With rising fuel prices, sales of CNG models are on track to jump 54% this year at India’s biggest car maker, Maruti Suzuki. The company has sold 7.66 lakh units of CNG vehicles in the first eight months of the year, more than the 7.46 lakh vehicles sold in the whole of last year. At […]
Alembic Pharmaceuticals Ltd today announced that the company has received approval from the US Food & Drug Administration (USFDA) to sell a generic alternative to Novartis Pharmaceuticals’ allergic conjunctivitis treatment Patanol Ophthalmic Solution. This is first ophthalmic dosage form approval for Alembic pharmaceuticals Limited. The drug, olopatadine hydrochloride ophthalmic solution, has an estimated market size […]
Jaguar Land Rover reported an 8% decline in its November retail sales, reflecting what the premium auto-maker called “continuing challenging market conditions in China”. Sales in China were down 50.7% as “market conditions remain difficult with continuing consumer uncertainty following tariff changes and trade concerns.” The company said it was “focused on taking all the […]
Larsen & Toubro said its power transmission & distribution business received additional orders of Rs 2,547 crore. The period over which the orders were received were not disclosed, but the company typically updates investors of new orders every few weeks. The orders include both international as well as Indian contracts. The value of the individual […]
Eveready Industries, one of India’s largest battery makers, said it has signed an agreement to sell its plot on Tiruvottiyur Road in Chennai to local real estate developer Olympia Group for Rs 100 cr. The agreement, said the battery maker, was executed yesterday with Olympia Group firm Alwarpet Properties Private Limited. Mr. Ajit Chordia, MD of […]
ECL Finance Ltd, the NBFC arm of Edelweiss Group, said it plans to raise up to Rs 1,000 cr in the form of non-convertible debentures, a form of debt. The non-convertible debentures have a face value of Rs. 1,000 each, and the company could raise anywhere between Rs 250 cr or Rs. 1,000 cr, depending […]
Maruti Suzuki, India’s largest car maker, said it will increase car prices next month due to increased costs. “Over the past year, the cost of company’s vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates, etc. “Hence, it has become imperative for the Company to pass on some impact […]
Alembic Pharmaceuticals said it has received approval from the US Food & Drug Administration (USFDA) to sell a generic version of ANI Pharmaceuticals’ hypertension drug Atacand Tablets. Atacand had an estimated market size of US$ 22 million for twelve months ending December 2017 in the US for the three dosages for which approval has been received […]
Cox & Kings said its hotel subsidiary, Meininger, has signed “an agreement for a hotel in Reykjavik”, the capital of Iceland in Europe. The company did not clarify who will own the property, but it is likely that ownership will be with a third party, with Meininger managing the hotel. Meininger is a subsidiary of […]
