Information technology firm Wipro said it won a five-year IT applications management contract from Outokumpu, one of the world’s biggest producers of stainless steel. Shares of the company were marginally higher at 299 rupees, up 0.6%. In 2014, the Finnish company had given a somewhat similar contract to the Bangalore-based firm, but the latest deal […]
Laws to protect Indian women who are abandoned by their NRI (non-resident Indian) husbands or foreign partners to be finalised soon, said Rakesh Srivastava, Secretary, Ministry of Women & Child Development at an ASSOCHAM event held in New Delhi today. India has taken a lead role in gender budgeting in the world, he added. Effort […]
Shares of New Delhi Television Ltd spiked another 10% today to Rs 62.40, prompting the BSE to write to the company to seek clarification on any undisclosed development. With this, the total gain in NDTV shares in the last four days is 76%. The company, however, said it was not aware of any development that […]
Escorts, which makes Farmtrac and Powertrac tractors in India, launched several new models today, including what it called India’s first Electric & Hydrostatic concept tractor as well as high-end models with cabins and tier 4 emission norms compliant CRDi engines. These will be exported to the United States, Europe, Latin America, Africa and ASEAN countries. […]
India and Japan have agreed to increase defence cooperation, particularly in terms of providing mutual training as well as in sharing technology. India’s outgoing defence minister Arun Jaitley reached several agreements with his Japanese counterpart in this matter, days after the country ended a tense border dispute with China that saw the northern neighbor make […]
Online payment company PayPal has selected five startups – Finbox, Neoeyed, Paymatrix, Scalend and Tybo – for inclusion into its incubator program in Chennai. The program offers startups technology counsel and mentorship, infrastructure support and networking opportunities with both investors and customers. In addition to these, PayPal will also be picking up a stake in […]
Cox & Kings-powered adventure company Trip 360˚ organized a unique outing in Rabale in Navi Mumbai. Unlike regular hikes and treks, this one was not just focused on enjoying nature, but also preserving it. The plantation was done at Tetavli, Rabale. The site which was initially a barren land is being worked upon by Hariyali […]
Bharti Airtel has become the first operator in India to break the 2GB-per-day cap under its daily data plans, offering up to 5GB per day under its various plans. Under the new plans, customers can recharge for various denominations that allow them to get 1 GB, 2 GB, 2.5 GB, 3.5 GB, 4 GB or […]
Pharma giant Zydus Cadila said it received final approval from the USFDA to market immunonsuppressant Mycophenolate Mofetil injection. The drug is indicated for use in combination with other drugs i.e., cyclosporine and corticosteroids for the prophylaxis of organ rejection in patients receiving renal, hepatic or cardiac transplants. The drug will be manufactured at the group’s […]
Czech automaker Skoda has dispelled the uncertainties around the introduction of its performance sedan range, the Octavia RS series, by bringing the RS 230 to India. The model is the most powerful car launched by the company in India and comes with a 2-litre TSI turbocharged, four-cylinder petrol engine with 230 bhp of power and […]
Defence and security company Saab, maker of Gripen jets, has tied up with India’s Adani Group for aerospace and defence production in India. “The intended collaboration would encompass design, development and production of Gripen for India and other high-tech products of national importance for India and also the creation of joint ventures in India in […]
Tata Motors passenger and commercial vehicles total sales including exports rose 14% in August, while domestic sales rose 26%. The company sold 48,988 vehicles in the month, out of which 45,906 were sold in India. It said it found “growing demand across segments and increased positive customer sentiments” in its home market. Domestic – Passenger […]
Mahindra & Mahindra Ltd, one of the biggest Indian automakers, reported stronger sales for its SUVs. Total utility or SUV sales for the company came in at 18,225 units, up 7% from 17,119 in August last year. With this, the company has been able to post a growth of 2% in SUV sales so far […]
Bajaj Auto, which has not been having the best of years, reported yet another decline in motorcycle sales in India for August. However, overall sales of two-wheelers were up 1% due to a 7% jump in export volumes. The company sold 1.72 lakh two-wheelers in August in India, down from 1.75 lakh in the same […]
Jet Airways said it would offer up to 20% discount on international tickets under a week-long sale that will end on Sep 6. “Under the offer, guests enjoy attractive savings of up to 20% discount on the lowest prevailing return base fares,” the airline said. The offer is valid for travel only on direct flights […]
The solar energy revolution may be all about saving the environment, but for the Indian state of Chhattisgarh, it’s impact is more immediate, and life-saving. According to a first-of-its-kind study conducted on primary health centers in the state, PHCs with solar backup admitted 50% more patients and conducted almost twice the number of child deliveries […]
The shipments data cards or dongles in India jumped 15% in Apr-June period compared to the previous three months, thanks to aggressive sales of Reliance Jio Mifi devices. The Ambani company had a 91% share of the dongle market in the country during the period, said CyberMedia Research. The company has been offering value back […]
Players like Bharti Airtel, Idea Cellular and Vodafone are heaving a sigh of relief that Reliance Jio has not unveiled any ‘monsoon surprise’ offer. However, state-owned BSNL may be about to increase the competition in the market with the launch of its 4G services shortly. Anupam Shrivastava, the chairman and managing director of the state-owned […]
After introducing a separate showroom network for its higher-end cars by the name of NEXA, India’s largest carmaker Maruti Suzuki said it will not overhaul, transform and rebrand its remaining car showrooms in the country. The Company targets to set up over 80 showrooms under the ARENA brand by March 2018. Progressively, existing showrooms across […]
State Bank of India has opened the largest number of accounts under India’s universal pension scheme for the unorganized sector, the government said today. State Bank of India has opened 51,000 out of the total 3.07 lakh pension accounts opened by banks under the scheme, which guarantees a rate of return of at least 8%. […]
