Kerala Vision Broadband, the ISP arm of Kerala Cable TV Operators’ Association, has announced what is arguably the cheapest fiber broadband offer for new customers in Kerala. The highlight of the new plan is that it comes without installation and modem charges, and is therefore ideal for a new customer. The current tariff for a […]
Trident, a prominent manufacturer of bedsheets, bathrobes, comforters (razai) and paper products in India, is offering a discount of 40% to all its shareholders on all items purchased from its website. To qualify for the 40% discount, the customers/shareholders have to add items worth Rs 5,000 to their cart, upon which they’ll get a discount […]
Vodafone Idea said it achieved speeds of over 4,000 Mbps during its test deployment of 5G on the trial spectrum handed over by Department of Telecom. In comparison, in the early days of 4G, the maximum speeds achieved were in the range of around 200 Mbps. The company released two speedtest results — presumably using […]
Ikea, the Sweden-based global furniture retailer known for its frugal and efficient products, is likely to open its third mega store in India in Bangalore around April. IKEA’s India CEO Peter Bezel said the company is on track to open its first store in Bangalore in ‘early summer’, which will make Bangalore the third city […]
Asian Paints, India’s largest paint company and one of the largest listed manufacturing companies in the country, today issued a detailed and point-by-point rebuttal of proxy advisory firm InGovern. InGovern had, in a report brought out two weeks ago, alleged that Asian Paints was sourcing a considerable part of its raw material requirement from companies […]
India’s richest man and the chairman of Reliance Industries, Mukesh Ambani, has called for the use of universal obligation fund money to subsidize mobile devices. USO fund was set up during the early days of the mobile phone revolution as a tax or levy on existing phone users, to be used for extending telecom services […]
Biocon, one of most prominent Indian pharmaceutical companies focused on developing its own drugs and formulations, kicked off its expansion into the Middle East market with an out-licensing deal with Saudi Arabia-based Tabuk Pharmaceutical Manufacturing Co. Biocon did not list the products that are covered by the licensing deal, but said it would cover “select […]
Morepen Laboratories said it expects its US export business to get a major boost now that the US FDA has given it the go-ahead to export allergy drug Allegra to that market. Fexofinadine, invented by Sanofi Aventis, is the most widely used, second generation antihistamine drug for the treatment of allergy symptoms and hay fever, […]
An interesting, observational study in the UK suggests that the overactive immune system associated with allergic diseases such as asthma and hay fever may have a positive side-effect in the form of greater protection from COVID-19 in the initial stages. The 10-month study, involving around 15,000 people, was carried out between May 2020 and February […]
India’s largest car maker Maruti Suzuki today denied that it was facing problems with demand, and said the recent slowdown in sales is because of availability of semiconductor chips. Shashank Srivastava, executive director in charge of sales and marketing, denied that the company was facing any issues liquidating its inventory, and said stocks were well […]
In a unique move to ensure quality of roads, Kerala government will next month start a program in which government officials will be put in charge of certain stretches of roads and will have to be submit monthly reports, including freshly clicked photos, on the condition of their stretch of roads. The move is being […]
NDTV, India’s oldest English-language broadcaster still in existence, said it signed a deal with content promoter Taboola that can generate as much as Rs 750 cr or $100 mn for the company over the next ten years, provided NDTV is able to maintain its traffic growth. Taboola is famous for its paid recommendation engine that […]
Hero MotoCorp reported a whopping 43% decline in India two-wheeler sales in November due to a sharp downturn in rural demand. The company, which gets most of its customers from rural and semi-urban regions, sustained a sharp blow to both its motorcycle as well as scooter sales, with the latter taking a bigger beating. The […]
Navneet Education Ltd said it has agreed to invest Rs 75 cr in a sports management and services company known as SFA Sporting Services Pvt Ltd to pick up a 14.3% stake. Navneet Education is a developer and supplier of educational books and materials, and said the acquisition would help it offer “sports management” services […]
With the pent-up demand getting exhausted and the overall economy reeling under the impact of rising inflation and the after-effects of two waves of COVID-19, auto sales seem to be coming under pressure post the festival period. Two of the earliest companies to report their November numbers, Bajaj Auto and tractor maker Escorts, have both […]
Reliance Industries said it wants to ‘categorically deny’ any plans to bid for British wired services operator BT. “We categorically deny any intent to bid for the UK telecoms group, BT, formerly British Telecom, as reported in the article titled “Reliance Mulling Bid for UK’s Telco BT Group” published in The Economic Times dated November […]
Life Insurance Corporation of India, a government-controlled insurance company that has the highest share of the market in India, can continue to increase its stake in private lender Kotak Mahindra Bank, having got the nod from Reserve Bank of India to increase its stake to 9.99%. LIC has been increasing its stake in Kotak Mahindra […]
An order by the district police chief of Wayanad, a hill district of Kerala known for its sports enthusiasts and academies, has riled sports lovers across the state. The order issued by District Police Chief Aravind Sukumar two days ago has made it illegal to operate flood-lit football turfs — scores of which have sprung […]
ITC Ltd, one of India’s largest consumer products makers with a pan-India presence and dozens of major brands under its belt, has invested Rs 20 cr to get a 16% stake in a Kolkata-based company that makes baby and mother care products. The deal values ‘Mother Sparsh’ at Rs 125 cr after investment, or Rs […]
Royal Enfield, India’s largest retro, semi-premium motorcycle brand, said its third assembly plant outside India started operations in Thialand. The plant, which will assemble the parts manufactured at the main plants in Chennai in India, will cater to markets such as Indonesia and Vietnam, besides the Thai market. Due to ASEAN trade pacts, it is […]
