In one of the biggest film acquisitions in recent times, NFAI has added 162 films to its collection. The entire collection came from Famous Cine Laboratory in Mumbai. NFAI or the National Film Archive of India is aimed at preserving Indian film heritage. “We thank them for depositing these films at NFAI,” said Prakash Magdum, […]
The sales of 4G-enabled tablets overtook that of 3G tablets for the first time in the April-June quarter of this year, numbers from CyberMedia Research showed. About 36% of the tablets sold in India during the three months came with 4G technology, while 33% came with support for only 3G high-speed data. In the preceding […]
The government of India has warned against the import of illegal chemicals used in making fireworks and sought citizens’ help in tracking them. “Possession and sale of fireworks of foreign origin is illegal and punishable under the law,” it said in a statement today. “Information about possession and/or sale of such fireworks may be reported […]
Lupin said it received final approval to market a generic version of G.D. Searle LLC Flagyl antibiotic tablets in the US. Flagyl tablets had US sales of USD 44.1 million Lupin’s Metronidazole Tablets USP, 250 mg and 500 mg are the AB rated generic equivalent of the drug. It is indicated in the treatment of […]
The pace of growth in petroleum consumption slowed this year, but private retailers are getting ready to open more and more outlets, Fitch Ratings said. Consumption of petroleum products, such as diesel, petrol, LPG and kerosene, has been increasing at a rate of about 5% in India over the last three years, Fitch said. However, […]
Vodafone today introduced an unlimited roaming pack for Indian users in 18 countries priced at Rs 500 per day or Rs 5,000 per month. Both incoming and outgoing calls as well as data usage will be free. “We launched our flagship unlimited international roaming proposition for USA, Singapore and UAE in April, and are now […]
IT services provider Wipro Limited said it has established a center for automotive technology in Timisoara, Romania to focus on embedded solutions such as in-vehicle entertainment, cluster display, telematics, connected cars and driver assistance systems. The company plans to hire experienced technology professionals and engineering graduates from top universities in Romania. The center will be […]
Tata Steel UK, formerly Corus Group, has taken one more step towards solving its financial woes by moving its pension-related liabilities to a new entity. It said the UK Pensions Regulator has approved a Regulated Apportionment Arrangement or RAA that separates the pension scheme from itself. Tata Steel UK will pay £550 million to the […]
Bharti Airtel launched its Voice over LTE (VoLTE) services today, starting in Mumbai, and said call charges will remain the same. Airtel VoLTE, which works over 4G, will offer customers HD quality voice calls along with faster call set up time. “Airtel VoLTE will be available on popular 4G/LTE enabled mobile devices, which must have […]
Pharma company Lupin said it received final approval from the US Food and Drug Administration for launching a generic version of Pfizer Inc.’s acne drug Vibra-Tabs. Doxycycline Hyclate Tablet 100 mg had US sales of USD 149.9 million per year, the company said. Doxycycline Hyclate is the AB rated generic equivalent of Pfizer Inc.’s Vibra-Tabs. […]
Pharma company Panacea Biotec said it has signed an agreement to supply a generic version of Eli Lilly’s Effient heart drug to Apotex, the largest Canadian-owned pharmaceutical company. The drug will be sold by Apotex in the US market. “Under the terms of the agreement, Apotex shall be responsible for sales & distribution of the […]
Infosys said it completed the acquisition of Brilliant Basics, a London-based product design and customer experience company. The acquisition was first announced a month ago. “Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to-end Digital Transformation solutions required to […]
Tata Motors has denied media reports that the production of commercial vehicles at its Jamshedpur plant was disrupted last week due to a strike. Media had reported that around 6,000 of the 10,000 workers at the company’s Jamshedpur plant were protesting, and that this had brought down production of commercial vehicles to 60-70 per day […]
Bharat Financial Inclusion, formerly known as SKS Microfinance, said it has entered into exclusive discussion with IndusInd Bank on a potential “strategic combination by way of amalgamation through a scheme of arrangement, or any other suitable structure.” SKS Microfinance is a non-banking finance company (NBFC) was founded in 1997 by Vikram Akula, who served as […]
Indian promoters are unwilling to give total management control to professional boards and managers, a survey by Assocham has revealed. A majority of the corporate firms have promoters’ holding well over 50 per cent and even those with much lower stake are not willing to bet fully on professionals, found the survey that was based […]
Infosys said it has been inducted into the Dow Jones Sustainability Indices (DJSI) and is now part of two of the indices — DJSI World and DJSI Emerging Markets. The indices measure the economic, environmental and social performance of companies and are based on the companies’ corporate governance, risk management, branding, climate change mitigation strategies, […]
Despite a decent monsoon season, water levels at storage facilities in India continues to be below those of last year as well as the 10-year average. Of particular concern is the situation in South India, only 39% of the total capacity of the reservoirs has been filled so far. Usually, the number should have been […]
Total retail sales for Jaguar Land Rover increased 4.3% to 38,519 in August, the company said. The increase was “primarily reflecting the introduction of the new Range Rover Velar and the long wheel base Jaguar XFL in China as well as continuing strong sales of Discovery Sport and F-PACE,” Tata Motors said. Retail sales were […]
Police in Kerala have arrested 35 people in Malappuram district on suspicions of being illegal Bangladeshi citizens staying in India. The arrests were made in Edavannapara in the Muslim-dominated district. Police sources said that the arrests are likely to lead to an acceleration in investigations into illegal Bangladeshis staying in Kerala. Kerala has millions of […]
TVS Motor Co has launched a new version of its mass commuter motorcycle Victor. The new model, called Victor Premium, is an attempt to make the bike look better, while preserving most of its specifications such as the 110cc engine. “This premium edition of TVS Victor now offers quality and performance with bold styling and […]
