Royal Orchid Hotels said it opened its 48th hotel in Pushkar under the name of ‘Regenta Resort Fort’. “We are taking continuous steps towards expanding our presence all over India,” said Chander K. Baljee, Managing Director, Royal Orchid Hotel. The chain has opened seven properties – Mysore, Ahmedabad, Dehradun, Kanpur, Dwarka, Indore and Pushkar in […]
Construction giant Larsen & Toubro said it has won a Rs 1,483 cr contract from oil and gas producer ONGC to create offshore platforms, pipelines and other works in its Bassein field offshore Mumbai. “The project includes three new wellhead platforms, 23 kilometer Subsea pipeline, composite Subsea power cable, clamp-on works on an existing platform […]
Vodafone announced cashback of Rs 1,500 on Samsung handsets Galaxy J2 Pro, Galaxy J7 Nxt and Galaxy J7 Max. Vodafone customers, both existing and new, can purchase any of the popular Samsung 4G smartphones, it said. To avail this special offer, prepaid customers have to sign up for the Rs 198 per month scheme that […]
Idea Cellular said its board of directors have approved the issuance of 32.66 cr shares of the company to its promoter Aditya Birla Group at a price of Rs 99.50 each. The total infusion will be to the extent of Rs 3,250 cr. It also said it plans to raise Rs 3,500 cr from third […]
Glenmark Pharmaceuticals said it has launched a biosimilar of Adalimumab, a drug for Plaque Psoriasis and Rheumatoid Arthritis from Cadila Healthcare Ltd.. “The launch of ADALY marks the launch of Glenmark’s first biosimilar in Dermatology,” the company said. The drug has been licensed from Cadila. “ADALY will be available to patients in India at a […]
Opposition parties will get their chance besiege the government on the controversial Triple Talaq bill for four hours today as part of a discussion in Rajya Sabha, the upper house of the Parliament where the opposition parties enjoy a majority. The government has agreed for a debate on the issue from 5 PM to 9 […]
Sun Direct, the DTH service from Sun Network, has been allocated 144 MHz of spectrum on the recently launched Measat-3B satellite which will enable service to add 20 new HD and 100 new standard definition channels. A social media user by the name of ‘Raja Chennai‘ shared a screenshot of the application made by the […]
Mumbai Police have denied permission to the Chhatra Bharati, a students’ organization in the city, to hold an event today featuring Gujarat MLA Jignesh Mevani and JNU student Omar Khalid. Police have started rounding up the organizers into vans and taken possession of the hall. Organizers said they will hold the event at an alternate […]
NIIT Limited, which made a name for itself training millions of Indians with IT skills, said it acquired a US-based corporate training company. NIIT will incur a cost of $8.1 mln (Rs 51.50 cr) over the next five years for the acquisition, including assumed debt and goodwill costs. Eagle International Institute provides training programs for […]
The Indian National Congress today alleged that the ruling dispensation at the centre, led by the Bharatiya Janata Party, was trying to create enmity between Marathas and Dalits — two prominent communities in Maharashtra that comprise nearly half the population. Senior Congress leader Veerappa Moily pointed to the ruling alliance as the source of reports […]
The government of India today said that it has stopped taking new applications for setting up Electronic Manufacturing Clusters under a plan announced five years ago. A total of 18 electronic manufacturing clusters in 12 states were approved to be set up under the scheme, the government said. The cluster scheme envisaged the housing of […]
The Indian government has awarded all the contracts under the India-Myanmar-Thailand highway over the last three months and the highway is likely to be ready in three years, the external affairs ministry said. “Government of India is implementing two projects as part of Trilateral Highway between India, Myanmar and Thailand. These are construction of 69 […]
Titan Co, India’s largest jewelry company, said its mainstay jewelry business saw retail sales that were in line with expectations for the October-December period, but there was a slight slowdown in sales to franchisees. It also said its pilot stores for special occasion ethnic wear are doing well and it may open a few more […]
The country’s largest car maker Maruti Suzuki India reported 10.3% increase in its auto sales for December, slightly slower than the 14.1 percent reported for November. The total sales was at 1.30 lakh units compared to 1.55 lakh in November and 1.18 lakh in the same month last year. The company’s domestic sales stood at […]
Indusind Bank, part of the Hinduja group, said it has raised $500 mln (about Rs 3,300 cr) by way of syndicated term loans from a group of overseas lenders. The tenor of the facility is 3 years and will be used for general banking purposes, it said. “This fund-raising, along with the funds raised during […]
Vivimed Labs said it will receive $7.5mn investment from OrbiMed Asia into its API business as a follow on to the $42.5 mn invested in September 2017. At the time, Vivimed has said that the proceeds will be utilised for debt reduction at the parent entity level as well as for expanding the API business. […]
L&T said its Hydrocarbon Engineering unit secured a major construction contract for Crude Distillation and Vacuum Distillation Unit (CDU & VDU) from Hindustan Petroleum Corporation Limited, Visakhapatnam Refinery. It also won an extension to an ongoing contract for Reliance Industries Jamnagar. The combined value of the two contracts is about ₹2,100 Crores, the construction company […]
Bank of Baroda said it will buy out its foreign partner Pioneer Investments in its asset management subsidiary to raise its stake in the unit to 100%. It will acquire 51% of Baroda Pioneer Asset Management Company for an undisclosed amount. This is being done due to the acquisition of Pioneer Investments by Amundi, which […]
Pharma Major Lupin announced that it has received final approval from the US Food & Drug Administration to market a generic version of Dovonex Scalp Solution from Leo Pharmaceutical Products Ltd. Calcipotriene Topical Solution is indicated for the topical treatment of chronic, moderately severe psoriasis of the scalp. Lupin’s Calcipotriene Topical Solution, 0.005% (Scalp Solution) […]
Maruti Suzuki India Limited said it entered into an agreement with the Government of NCT of Delhi to set up Driving Test Centres in 12 locations in the city. In the first phase, these Automated Driving Test Centres will be set up at Hauz Khas, Shakur Basti, Raja Garden, Hari Nagar, Burari, Loni Road, Sarai […]
