Tata Motors reported a 20% growth for September to 64,598 vehicles, led once again by the commercial vehicle segment. The 20% overall growth is, however, below the 40% growth seen for the first six months of the current financial year. Following the recent trend, growth was led by the commercial vehicle division, which saw sales […]
Pharmaceuticals maker Lupin said it will distribute US-based Eli Lilly and Co’s Aplevant (dulaglutide), a once-weekly injection for type 2 diabetes treatment. Lupin said it expects to make Aplevant available in India this month itself. The two companies already have a partnership dating back to 2011. With this, said Lupin, the partnership has been expanded […]
Outsourcing services provider Tata Consultancy Services and instrumentation and industrial automation company Fortive Corp said they would work together to develop Internet-of-Things-based solutions. TCS is already Fortive’s outsourcing partner. Fortive provides solutions in the fields of instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution. “As part of this partnership, TCS will jointly […]
Parag Milk Foods said the government’s move to increase subsidy on the export of milk and milk products will help the company’s exports. The Government of India has increased the export subsidy benefit on milk & milk products from 10% to 20% as part of its efforts to spur exports and bring down the trade […]
Rolta India, a provider of geospatial and IT solutions to government and non-government organizations in India, said it received a notice informing it that Union Bank of India has started insolvency proceedings against the company. The proceedings have been started in the National Company Law and Appellate Board on 17 days ago. “The company has […]
NBCC India, a state-owned construction company, said it has been given ‘in principle’ approval by Air India to redevelop the airline’s staff quarters in Delhi. The permission has been given to redevelop two plots of lands — a 30-acre plot in Vasant Vihar in South Delhi, and a 3.54-acre plot on Baba Khadak Singh Marg […]
Hero MotoCorp, the world’s largest two-wheeler manufacturer, said it will increase the price of its two-wheelers from October 3. The prices of its motorcycles and scooters could go up by up to Rs 900 per unit. “The revision has been necessitated by the increasing commodity costs and currency depreciation. “The price hike will translate to […]
HCL Technologies, one of India’s top five IT services companies, said Anglo American, owner of De Beers diamond brand, has retained its services for another five years even as the mining company seeks to cut costs by leveraging cloud and digital technologies. “The multi-year deal will see HCL continue to support Anglo American through the […]
India’s biggest private sector employer, Tata Consultancy Services, said Kuwait Clearing Company, the clearing entity of Boursa Kuwait, has chosen its software to provide CCP services. A central counterparty clearing house (CCP) is a corporate entity that reduces counterparty and default risk for traders. It acts as the counterparty to the buyer and the seller […]
Bharti Airtel said it will add 13,000 new mobile sites and introduce a key element of 5G technology in Karnataka in the next six months as part of its network upgrade. It also plans to add 4,500 km of optic fiber within the state in the same time period. As part of the upgrade, it […]
Syngene International Ltd, the contract research unit of Biocon, announced the resignation of its chief operating officer Manoj Nerurkar. It said Nerurkar, who has been with the COO of the company for nine years, will step down to an advisory role from October to pursue “an external start up opportunity outside of contract research services”. […]
The Catholic Church in Kerala withdrew action against Sister Lucy Kalappura, who came out publicly in support of the five nuns who sat on protest against Bishop Franco Mulakkal in Kochi for two weeks. The withdrawal followed strong protests by parishioners belonging to Karakkamala, which comes under the Manathavady Diocese in Wayanad district of Kerala. […]
The Union urban development ministry today countered allegations that the government was trying to extend favors to real estate developers in NOIDA in the name of helping flat-buyers. The NOIDA and Greater NOIDA areas adjoining Delhi have seen many developers run into severe financial difficulties after the government cracked down on the use of illicit […]
ICRA, a part of Moody’s Investors Service, revised its outlook on YES Bank’s borrowings to ‘stable’ from ‘positive’ on the basis of the Reserve Bank of India’s direction last week cutting short the tenure of the company’s CEO Rana Kapoor. “The revision in outlook to stable from positive considers the recent direction from RBI whereby […]
Residents of Thane will have to shell out more for driving to Mumbai and Navi Mumbai from today after the operator of the Airoli and Mulund toll plazas restarted toll collection. Collection of toll at the two centers was suspended on Aug 21 for cars, SUVs, state government buses, school buses and other light and […]
Amara Raja Batteries, India’s largest battery maker, said it has agreed to license stamping technology from Johnson Controls, one of the world’s largest automotive parts makers, used to make lead acid batteries. “The company has entered into an agreement with Johnson Controls Technology Company (JC), USA for acquiring the license for manufacturing advanced stamped grid […]
Biocon, one of India’s foremost research-oriented pharmaceutical companies, said the US drug regulator has completed an inspection at its Bangalore facility without remarks. “The US FDA conducted a periodic cGMP inspection of our Drug Substance manufacturing site at Bangalore Campus from Sep 17 – 21, 2018. “The week-long audit concluded without any observations and no […]
Star India has agreed to share the feed of cricket matches involving India with Reliance Jio’s live TV app JioTV. Till now, JioTV users had to install Star’s Hotstar app to watch any of the network’s sports channels. The sharing agreement is valid for five years, said Reliance Jio, without divulging the financial details behind […]
Infosys said it will open a ‘Technology and Innovation Hub’ in the US state of Arizona and hire 1,000 American workers in the state by 2023. Infosys said it has hired 5,874 American workers in the last 16 months. Arizona center will focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science and cyber security. […]
Reliance Industries, one of India’s largest petroleum producers, said its D26 oil field in the KG-D6 offshore block has ceased production, a decade after oil started flowing from the field. The D26 was one of the three prolific fields of the D6 block. A field, in oil and gas terminology, is a smaller area within […]
