Dilip Buildcon Limited, one of India’s largest road construction companies, said it has qualified as the lowest bidder for yet another highway project, worth Rs 1,004 cr. The Hybrid Annuity Project from the National Highways Authority of India is to upgrade a 15 km stretch of NH 75E in Madhya Pradesh. The company will construct […]
Bangalore-based real estate player Puravankara Ltd said it will invest Rs 500 cr to develop a 32 acre project near Dabolim in Central Goa. The company expects to generate sales of close to Rs 1,000 cr over the next five years from the project, Puravankara said, adding that the construction contract has already been awarded […]
SpiceJet, which had initially refused to shift its Delhi airport operations from Terminal 1 to Terminal 2, said it will shift 22 flights to T2 from 25 March. These are the flights to Cochin, Ahmedabad, Patna, Pune, Goa, Surat, and Gorakhpur. It said all the flights to and from T2 will have flight numbers starting […]
Trademark filings have given a peek into dozens of upcoming channels planned by broadcasting companies such as Star India, Zee Entertainment and Sun TV. According to trademark filing data made available by Quickcompany.in, Zee Entertainment is planning to launch around a dozen new channels, while Star India is planning around ten new launches and Sun […]
Suzlon Energy, one of the pioneers of wind power in India, said it has finished commissioning its entire solar order book of 340 megawatt, and will focus on hybrid solar-wind projects going forward. Out of the 340 MW erected, 210 MW was erected in Telangana, 60 MW in Rajasthan and 70 MW in Maharashtra. The […]
TVS Motor Co has unveiled the specifications of the new 2018 version of TVS Apache RTR 160 4V, its highest selling bike in the premium RTR series. As expected, the primary changes are in the looks and in the engine. In terms of looks, the bike is arguably the most stylish in the 160cc class. […]
Construction major Larsen & Toubro reported new orders worth more than ₹1600 cr from the hydrocarbon segment. The Onshore Projects business of the company’s hydrocarbon unit secured a contract for the design, supply, and construction of a large LNG Tank facility in the east coast of India. The business also secured additional work from existing […]
Anil Ambani-led Reliance Communications said it was confident of overcoming the twin legal challenges posed by shareholders in its tower subsidiary and one of the company’s unsecured creditors, Ericsson. The company is selling much of its spectrum, fiber, towers and other network assets to Reliance Jio Infocomm, led by Anil Ambani’s brother Mukesh, for an […]
Apparel Export Promotion Council of India has sounded alarm on the continued decline in apparel production in India and said India won’t be able to meet the garment export target of $20 bln this year. “If the capital blockage continues and the cost competitiveness of the industry is not restored, the slippage in exports will […]
Pharma major Lupin said it launched a generic version of Bayer’s birth control drug Safyral tablets in the US. The company had received FDA approval for the launch in December. The tablets has annual sales of approximately USD 22 million in the US. Lupin’s product will be called Tydemy. The combination is indicated for use […]
Aviation minister Jayant Sinha said India’s largest airline Indigo and competitor Go Air can use their grounded planes if they are able to secure ‘alternative engines’ to be used in place of the faulty ones. “We do not consider these engines safe,” Sinha said in the context of the aviation sector regulator’s directive to ground […]
NTPC Ltd, India’s largest power producer, said it is raising $400 mln (Rs 2,600 cr) by selling dollar-denominated bonds that carry a 4.5% interest. The bonds were priced yesterday and the issue is now open, the company said. The notes will mature on March 19, 2028. Both the principal and interest payments will be made […]
Unlike other foreign leaders feted by Indian in recent years, French President Emmanuel Macron left a message directly to Indian people before stepping on to the plane back home. In a video message posted on Twitter, Macron sounded less like a politician and more like a ordinary person as he thanked everyone for making possible […]
Punjab National Bank, in the eye of a storm after a couple of employees issued unauthorized credit guarantees worth $2 bln to clients, said it has put in place procedural and technological changes required to prevent a repeat of the incident. Two key technical changes being implemented are a revamp of the way the bank […]
Zee Entertainment Enterprises Ltd, the flagship company of the Zee Group, confirmed that it has filed a complaint against Den Networks. It said the complaint referred to violations of the provisions of the Cable Television Networks Regulation Act, various Digital Addressable System rules and the Copyright Act. “Such action by the company is in the […]
Indian outsourcing company Infosys said it will delist its American Depositary Shares from Euronext Paris and Euronext London stock exchanges due to low transaction volumes. American Depositary Shares (ADSs) are securities issued by banks in place of actual shares, which are kept by the banks on behalf of the security holder. Their value depends on […]
Larsen & Toubro, India’s largest construction company, and BHEL, India’s largest supplier of power plant equipment, are among those tapped by the Nuclear Power Corporation for the rollout of the first large-scale nuclear power plants developed using Indian technology. While L&T said it received a Rs 442 cr order to supply forgings for steam generators […]
Thanks to the explosion of data connectivity unleashed by Reliance Jio and other operators, an Indian company has emerged as by far the most popular channel on Youtube by number of views. According to Youtube tracking service Social Blade, Indian record label T-Series today has hit monthly views of close to 2 bln (200 cr) […]
The Ministry of Electronics and Information Technology said no case has been registered against reporter Rachna Khaira or The Tribune newspaper in relation to the January 3 story on how Aadhaar details were available for sale at Rs 500. The report had claimed that ‘agents’ were providing Aadhaar verification solutions for as little as Rs […]
Reliance Jio, the 4G operator, said users of its JioTV streaming app can now choose any of the five camera angles while watching the ongoing Nidahas trophy as part of a new ‘interactive TV’ feature. Similarly, they can also choose to listen to different mics, such as the one on the stump or the stadium […]
