Vodafone India announced a cash back deal on itel’s A20 4G smartphone. Under the scheme, anyone who buys the mobile phone for Rs 3,690 will get a cashback of Rs 900 after 1.5 years and Rs 1,200 after another 1.5 years. However, the person has to use the specified Vodafone number on the device and […]
NDTV said it has decided to fire up to 25% of its workforce over the next one month to focus more and more on its core news business. The fired employees are currently engaged with the company’s non-core operations. “As intimated earlier to the exchanges, NDTV Group had initiated a turnaround plan to bring down […]
The European Investment Bank, the lending arm of the European Union, will invest $200 mln (Rs 1,283 cr) into the Indian solar and power sector via a deal with Yes Bank in order to support the growth of renewable energy in the country. The investment will be routed through a renewable financing program with Yes […]
Bharti Airtel Limited said it has agreed to acquire 100% of Tigo Rwanda Limited, the local unit of Millicom International Cellular S.A.. Airtel already has operations in Rwanda and the acquisition “will consolidate the Rwandan telecom market and position Airtel as a strong number 2 operator in Rwanda,” it said. The consideration for the transaction […]
Film producer Eros International said it has tied up with Manish Mundra’s Drishyam Films to co-produce four “new wave” films. Drishyam is the film maker behind titles such as Masaan, Rukh, Kadvi Hawa and Newton, India’s entry to the Oscars in the Foreign Film Category this year. Eros has already tied up with Drishyam for […]
JioTV, the IPTV service from Reliance Jio is now available on the open Internet as well. Live TV channels can be watched by anyone on their PC using a Jio ID and an Internet connection. The Jio ID, however, can be set only by using a Jio phone number and a one-time password. The service, […]
India had good news on the foreign trade front as exports continued to grow fast, overtaking the growth in imports. However, there was no relief from continued trade deficit as the absolute import figure was substantially higher than exports. Exports during November 2017 rose 30.55% in dollar terms when compared with the same month last […]
Bharat Heavy Electricals Limited said it won a Rs 7,300 cr order to set up a 1,320 MW Supercritical Thermal Power Project (TPP) in Tamil Nadu. Valued at over Rs.7,300 Crore, the order for setting up the 2×660 MW Udangudi TPP has been placed on BHEL by Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), […]
Broadcasting company TV Today Network said it has decided to write off nearly Rs 273 cr of accumulated losses at its Mail Today newspaper business and merge it with the parent company for better synergies. TV Today Network runs one of India’s most popular television network, including the channels India Today and Aaj Tak. The […]
Royal Orchid Hotels announced the opening of its new hotel in the pilgrimage town of Dwarka in Gujarat. “We are taking continuous steps towards expanding our presence all over India. The new hotel launch in Dwarka is one such move towards our aim,” said Chander K. Baljee, Managing Director, Royal Orchid Hotels. The company has added […]
After regulating Internet and broadband services for years, the Telecom Regulatory Authority of India seems to have decided to enter the broadband era by using technology to stream its ‘open house’ discussions to the public. The regulator is streaming its latest open house discussion on spam calls and SMSes to the public via its twitter […]
Infrastructure major GMR Group said it has emerged, along with a partner, as the top bidder in a race to construct a new eight-million-passenger airport in Philippines, and expects to get the order in one week. The company, along with partner Megawide Construction Corporation, submitted the most competitive financial bid, it said. “Clark airport is […]
TT Ltd said it has decided to set up a mega garment plant in place of Spinning Machinery at Gajroula in Uttar Pradesh. The move is part of its attempt to diversify from textile making to making garments. “TT is exiting from spinning and entering the garmenting and fabric business on a massive scale,” the […]
Pharma Major Lupin said it got the approval of the US Food and Drug Administration to launch a generic version of Bayer’s oral contraceptive Safyral. The branded version has annual sales of around $23 mln in the US. Lupin’s product will be called Tydemy. The combination is indicated for use by women to prevent pregnancy […]
Torrent Pharmaceuticals said it completed its previously announced acquisition of the branded formulation business of Unichem Laboratories for India and Nepal, including its Sikkim manufacturing facility. The deal was signed on 3rd November, 2017. With this, Torrent has entered the list of top pharma firms in the Indian market. “From today, Torrent begins the Integration […]
Glenmark Pharmaceuticals, a global pharmaceutical company, today announced that its nasal spray Ryaltris met safety and efficacy goals in a Phase 3 clinical study in treating perennial allergic rhinitis. With the positive results, the company said it plans to submit an application to the USFDA for treating seasonal allergic rhinitis in the first quarter of […]
IT services provider Hexaware Technologies said it has become a Registered Business Partner of Pegasystems Inc. Pegasystems develops software for customer relationship management (CRM) and business process management (BPM) for a variety of industries such as financial services, utilities etc.. The tie-up will help Hexaware clients who want to implement Pega’s consulting and implementation, the […]
Pharma manufacturer Neuland Laboratories said it acquired a manufacturing plant located near Hyderabad from Arch Pharma Labs Limited. The facility is spread across 12 acres and has a capacity of about 197 KL, the company said. The plant was inspected by the USFDA in 2015, it added. “These were much needed to provide flexibility to […]
Kalpataru Power Transmission, which constructs power and related infrastructure, said it won new orders worth Rs 875 cr, taking the total order inflow this year to 5,900 cr. The orders include two from India for Rs 278 cr in total and three from outside India for Rs 597 cr. All orders are for the design, […]
Bharat Heavy Electricals said it has commissioned a 54 MW coal-fired captive power project in Indonesia, calling it “yet another milestone in the South East Asian region.” BHEL has executed several projects in the region including projects in Malaysia, Taiwan, Thailand and Vietnam. In Indonesia, the company has earlier successfully executed a 2×30 MW boiler […]
