Sterlite Technologies said it won a three-year deal to supply high-quality fiber optic cables to du, a telecom network in the UAE. Financial details were not disclosed. “With an on-going relationship with du for the past six years, we have renewed the partnership for our innovative range of smarter optical communication technologies. “Through this agreement, […]
Zydus Cadila said it received the final approval to launch overactive bladder drug Fesoterodine Fumarate in the US. The sales of Fesoterodine Fumarate Extended-Release Tablets are estimated at $195.5 million. It will be manufactured at the group’s formulations manufacturing facility at Moraiya, Ahmedabad. Fesoterodine is used to treat an overactive bladder with Symptoms of urinary […]
Flipkart, one of India’s top two online market places, said it saw twice as much business as part of its Big Billion Day Sale this year compared to the last. The company said it added over 3000 sellers to Flipkart Millionaire Club in a span of just five days of TBBD sale. The title is […]
Wipro said it has agreed to acquire US-based design consultancy Cooper, without disclosing the financial details. “Headquartered in San Francisco, Cooper has been a leading brand in interaction design, UX and professional design education for more than 25 years,” the Indian IT company said. Founded by Sue Cooper and Alan Cooper, the ‘Father of Visual […]
Reliance Communications said it has filed with the National Company Law Tribunal to withdraw its demerger scheme for its tower assets. The move follows the cancellation of its plans to merge with Aircel Cellular due to regulatory issues. The company Anil Ambani-led company had said that since the merger with Aircel was cancelled, the deal […]
ONGC Videsh Limited, the overseas subsidiary of ONGC, said it completed the acquisition of 30% interest in Namibia’s offshore block, as announced earlier. The acquisition involves blocks 2112A, 2012B and 2113B. The stake was purchased from Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc. T Tullow with continue to be the […]
OnePlus, the sister company of Vivo and Oppo, totally dominates the online market for premium handsets with a 57% market share compared to just 4% for Samsung, the Chinese company said, quoting numbers from IDC. The numbers are only for online sales, and do not include data for traditional sales through shops. OnePlus, which was […]
IT outsourcing company Infosys said it has been chosen as a partner by lift-maker KONE for developing and maintaining its enterprise resource planning or ERP system. Infosys has been able to “transition, elevate, evolve and transform” KONE’s ERP service delivery and landscape, said Nitesh Banga, Senior Vice President and Global Head of Manufacturing, for the […]
A survey by industry association Assocham has found that the majority of people who send their children to government schools are “overwhelmingly satisfied” with the performance of the schools. Improving the performance of government schools has been a high priority for the Aam Aadmi Party government in Delhi, and the task was taken up by […]
Piramal Enterprises Limited said it will invest Rs 280 crore in Puranik Builders’ “Puranik City Reserva” project in Thane. The investment, routed through Piramel Finance, will be modeled on the ‘financial partnership’ model, it said. Puranik City Reserva is a theme-based ongoing project at Ghodbunder Road in Thane and is being developed on 13 acres […]
The recent gas price increase will improve the profitability of gas production operations of Oil India and ONGC, India Ratings said, while also benefiting transporter GAIL. “Although producers have been benefiting from lower rig and vessel rentals for renewed contracts due to soft crude prices, the operating cost remains close to realisations from its sale,” […]
NATCO Pharma Limited said it the US Food and Drug Administration approved the generic drug application filed by its marketing partner Mylan for injections used in the treatment of multiple sclerosis, a chronic inflammatory disease of the central nervous system. The drug, Glatiramer Acetate, will be manufactured by NATCO and sold by Mylan, and are […]
AU Small Finance Bank has tied up with Aditya Birla Health Insurance to to distribute the latter’s health insurance products. The bank will act as a corporate agent, it said. “This tie up shall be mutually beneficial for ABHICL & AU SMALL FINANCE BANK in terms of business, market penetration and reach,” it said. Aditya […]
Mumbai-based IT services provider Cyient said it has signed an agreement to incorporate machine learning meter and voltage signature technology from US-based startup Elpis in its solutions for power utilities. “Through this agreement, Cyient and Elpis will jointly pursue utility business opportunities, by leveraging their complementing solutions and technology respectively. “The partnership will combine Cyient’s […]
TVS Motor Company reported one of the strongest increases in its sales in its history, partly due to the compensatory effect of GST-related troubles in the previous month. Total two-wheeler sales registered a growth of 22.1% with sales increasing from 287,449 units last year to 350,854 units in September 2017. Within this, domestic two-wheeler sales […]
The Kerala ‘Love Jihad’ case saw a twist today with the Supreme Court making pointed observations while hearing the appeal against a decision by the Kerala High Court to annul the marriage of a Hindu girl who converted to Islam. The court observed that it will examine the question of whether the High Court overstepped […]
Godrej Properties Ltd, one of the few real estate players still actively launching new projects, announced the beginning of a new project in Pune. It said it will develop a residential project on approximately 59 acres in Mamurdi, West Pune, within the municipal corporation limit. The project will offer approximately 418,000 square metres (4.5 million […]
Indraprastha Gas Ltd, which sells CNG to the National Capital Region, said it has raised the price of CNG by 95 paise per kg in Delhi and by Rs 1.26 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. In Rewari, the price will be increased by Rs 1 per […]
Reliance Communications inducted its CEO and the president of its telecom business into its board of directors. Punit Garg, President, Telecom Business and Chief Financial Officer V Manikantan have been appointed as non-indepedent directors on the company board. The move comes after the company’s plans to merge with Aircel Cellular fell through and the company […]
Apollo Tyres said it ‘strongly denies’ the Economic Times report that it was trying to acquire South Korea’s No. 2 tyre maker Kumho Tire for $900 million. “Apollo Tyres strongly denies the story headlined ‘Apollo Back in Kumho Race as Geopolitics Sours China Deal’ that appeared in the print edition of ‘The Economic Times’ on […]
