Hindustan Media Ventures, the HT Media subsidiary that runs Hindustan — one of India’s largest newspapers — said it has decided to bid for an IPL team in the ongoing auctions. With this, Hindustan Media Ventures joins a longish list of companies interested in owning the two new franchises. Companies who win the auction will […]
Cadila Healthcare, also known as Zydus Cadila, said it has started enrolling patients in a trial that can potentially yield the first FDA approved treatment for NASH or non-alcoholic fatty liver disease with inflammation. Fatty liver disease, caused by the deposition of fat in the liver, is divided into alcohol-related and non-alcohol related. Within non-alcoholic […]
Two weeks after announcing that it plans to invest more and more in developing ‘computer controlled vehicle technology’, Pune-based embedded software company KPIT Technologies has announced a tie-up with ZF, a €33 billion German automobile technology provider. KPIT Tech said it will develop software for next-generation, automated vehicles with ZF, which is based in Munich […]
Biocon subsidiary Biocon Biologics Limited (BBL) said its insulin substitute Insulin Glargine has been included by Express Scripts — a prominent ‘pharmacy benefits manager’ in the US — in its National Preferred Formulary. Pharmacy benefits manager, as the name implies, is a kind of outsourced service provider that manages pharmacy benefits extended to employees by […]
GTPL Hathway, one of the country’s largest cable feed providers, said it plans to launch its Android box by the end of this month or early next month. “The hybrid box has been soft launched,” said Managing Director Anirudhsinh Jadeja. “There are around 1,500 boxes in the market.” The box was originally set to be […]
Ramkrishna Forgings, which recently diversified beyond the automobile market to tide over the uncertainties associated with the sector, has won yet another contract from Indian Railways. The company said it won a contract o supply loco shells, the shell or body of locomotive engines or train engines. The value of the contract was not disclosed. […]
GTPL Hathway, the No.2 cable feed provider and No.6 wired internet provider in India, has started providing internet services through local cable TV operators or LCOs outside its home market of Gujarat. The strategy, as well as a spurt in demand for high-speed internet, helped it report a 10% sequential growth in broadband revenue in […]
TVS Motor Co said it has produced 1 lakh bikes under its tie-up with the local unit of German automaker BMW in India. In July 2018, TVS Motor Co and BMW launched two BMW models — the naked style BMW G310R and BMW G310GS, priced around the Rs 3 lakh mark. This was the result […]
Mahindra & Mahindra manufactured 1,535 units and sold 1,370 units of its latest and most high-profile passenger vehicle, XUV700, in the first month of sales – September 2021. This is only 2% of the total outstanding booking for the vehicle. Its predecessor, XUV500, had sold 1,213 units in its first month of sales, in October […]
Palred Tech, which sells IT and entertainment accessories under the pTron brand, has launched India’s cheapest Alexa speaker, priced at just Rs 1,799. The speaker comes with Alexa voice commands, and supports streaming music from services such as Amazon Prime Music, Gaana, Hungama Music, Jio Saavn and so on via wifi. pTron Musicbot Cube will […]
The Pinarayi Vijayan government of Kerala has decided to push ahead with the K-Rail semi-high-speed rail project despite opposition from the Congress-led United Democratic Front and some non-governmental organizations. The Rs 64,000 cr project is one of the most ambitious taken by any Kerala state government in recent years, and aims to reduce the north-south […]
Tata Power Solar Systems, a unit of Tata Power, has received a ₹538 cr engineering and construction order for ground-based solar power generation facilities from public sector energy service company EESL. The various power generation equipment will be constructed at different locations in Maharashtra, and will together have a capacity of 100 MW. The order […]
Affle, which helps companies increase the effectiveness of their digital ads, said it received two more patents from the US, taking its total US patents to six. Patent 11157952 is using blockchain to create and store a list of fraud IPs and publishers to reduce scams in digital advertising. The technology creates an “immutable decentralized […]
Reliance Industries has made a strategic acquisition in the form a Norway-based maker of solar-grade polysilicon at a cost $777 million (Rs 5,880 cr) from its Chinese owner. REC Solar Holdings has three manufacturing facilities – two in Norway for making solar grade polysilicon and one in Singapore making PV cells and modules. The 25-year-old […]
Vakrangee Ltd said it would spin off its IT services business into a separate, listed entity. The company’s mainstay business of franchising Vakrangee Kendras, as well as its BharatEasy app, will remain with the current listed entity known as Vakrangee Ltd. The company said it was doing so as both businesses have evolved into very […]
Vakrangee Ltd, India’s largest operator of IT-enabled kiosks and service centers, reported a strong increase in its operating financials for the September quarter as its performance clearly overshot pre-COVID levels. The company’s total revenue jumped to Rs 207.2 cr for the three months ended September this year, up from just Rs 70.2 cr in the […]
Pune-based Persistent Systems, one of India’s niche software and services companies, said it has decided to overhaul its employee stock options plan to make it “one of the most inclusive” in the global IT services industry. The new plan, it said, will cover around 80% of its global employee base. The company, which focuses on […]
India-based Lincoln Pharmaceuticals Ltd said it is looking forward to entering the Australian market, after Australia’s medicines and medical devices regulator – Therapeutic Goods Administration {TGA) – approved the company’s primary manufacturing plant in Khatraj, Gujarat. The approval, said the medicine manufacturer, has been granted for all three sections, tablets, capsules and creams & ointments. […]
NTPC Ltd said its tie-up with EDF or Électricité de France announced by the government yesterday is likely to help it expand globally, while also making Indian power market more efficient and carbon neutral. The deal was announced yesterday by the French Ambassador to India, Emmanuel Lenain. The French are keen to help Indian transition […]
Tata Consultancy Services, the largest India-based IT services and outsourcing provider, said it has extended its support agreement with India’s largest bank, State Bank of India, by another five years. TCS has been a key supplier of IT and outsourced services to SBI for two decades. As part of the agreement, TCS will continue to […]
