Mahindra & Mahindra announced the launch of its mHawk new 1.99 litre diesel engine, which could help the company overcome the impact of a recent Supreme Court decision on diesel car sales. The Supreme Court had, a month ago, banned the sale of cars and SUVs with engines bigger than 2 liters (2000 cc). Most […]
Taking different interesting angle on the ongoing fight over the death of a Dalit research scholar in Hyderabad University, the Aam Aadmi Party has said that the student needed to be “reformed”, and not pushed to the point of suicide. “This could have been avoided, Rohith could have been reformed, but they chose to ignore […]
Making it official, Reliance Jio Infocomm Ltd and Reliance Communications Limited (“RCOM”) today announced the signing of agreements for the sale of 800 MHz spectrum in 9 Circles by RCOM to Reliance Jio, and for sharing of spectrum in 800 MHz band across 17 Circles. As part of the enhanced strategic collaboration, both Companies also […]
National Aluminium Company or NALCO has awarded to Suzlon a contract to double its wind energy production capacity to 100.80 MW, the wind energy company said. The project will be capable of providing power to around 27,000 households and reducing “0.10 million tonnes of CO2 emissions per annum. NALCO which is a public sector enterprise […]
Wipro Ltd said the number of employees leaving the company of their own accord fell to 16.3% in the year 2015 from 16.5% in 2014. Much of the improvement came from the BPO unit, where attrition fell below 10% for the first time in many quarters. For the calendar year 2015, Wipro’s BPO division saw […]
After Star TV, Sony Pictures Networks India — which runs several popular TV channels — has raised a red flag against any move to splinter the Internet into free and paid. “Differential pricing leads to restriction of access to information. It enables TSPs to play the role of gate-keepers to the internet where they are […]
Reliance Jio is not planning a big bang, all-at-once launch of its 4G commercial service, but will introduce it to the public in stages starting as early as the end of this month, a mid-level executive with the company revealed. “We’ve been told to work for a limited launch this month,” said the marketing executive. […]
Reliance Communications Ltd said it will take a final call on whether or not to convert its CDMA spectrum into 4G spectrum after the Department of Telecom informs it of the final amount required to be paid for the same. “DoT has issued the intimation letter for 16 circles and is yet to decide for […]
Broker Credit Suisse sees all the major telecom companies of India making an attempt to buy fresh 4G spectrum in the upcoming auctions expected to take place in March. Despite making contrary noises, the telcos are likely to buy airwaves as it is a ‘once-in-20-years’ opportunity, the broker said in a note to clients. According […]
Jet Airways announced special inaugural fares for flights between India and Amsterdam, the airline’s new European gateway, commemorating the commencement of its maiden flights to Amsterdam on March 27, 2016. Guests availing the inaugural offer from Mumbai to Amsterdam can book a return journey in Economy with an all-inclusive fare of Rs 33,734, whereas Premiere […]
Reliance Infrastructure, a part of the Anil Dhirubhai Ambani group, is in advanced talks to sell its cement business, the company said. “As part of our ongoing asset monetization program, we are at an advanced stage of discussions with potential buyers for divesting the cement business of the company,” Reliance Infrastructure said. “The proceeds of […]
Tata Steel Limited registered Hot Metal steel production of 2.69 million tonnes, up by 13.1% on year, and Crude Steel output of 2.55 million tonnes, up by 11.3% on year, for the third quarter of the financial year. Saleable Steel production was higher by 13.1% y-o-y to 2.51 million tonnes, and sales increased by 10.3% […]
Aurobindo Pharma Limited said it received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Norethindrone Acetate Tablets USP, 5mg. Norethindrone Acetate Tablet is used in the treatment of endometriosis, uterine bleeding caused by abnormal hormone levels, and secondary amenorrhea. The approved product has an estimated market size of US$ […]
Bharat Heavy Electricals Limited (BHEL) commissioned a 520 MW coal-based thermal generating unit at the 2×520 MW Vizag Thermal Power Project of Hinduja National Power Company Limited (HNPCL), Visakhapatnam. BHEL has already commissioned 5,010 MW of power plants in the utility sector during the financial year 2015-16 and is on track to achieve the target […]
Persistent Systems, a niche IT company that focuses on products and cloud computing, said it had signed an agreement to acquire the Citrix CloudPlatform and CloudPortal Business Manager product lines from Citrix Systems International GMBH, a subsidiary of Citrix Systems. No financial details were revealed. Citrix Systems is one of the biggest companies in the […]
Suzlon Group, one of the world’s leading wind turbine manufacturers, has won an order for building a 197.40 MW wind project in Andhra Pradesh. The financial details of the project were not revealed, but the company said this is not the first contract it has won from the customer. “Suzlon has recently commissioned first wind […]
Central Electricity Regulatory Commission (CERC) has approved change in law that will increase its realization as part of an operations petition filed by Sasan Power Limited, Reliance Power said. There will be an effective tariff increase of 9 paise per unit, or 7%, the company said. A one-time compensation of Rs 271 Crore was also […]
Reliance Jio is fast appointing distributors for its SIM cards across the country and giving them a working target of launching commercial 4G services early in March, according to one person who signed up as a distributor this week. “They’re promising supply of dongles and SIMs in February and saying that commercial launch will take place […]
Eros International Media said its latest release, Sanjay Leela Bhansali’s Bajirao Mastani has closed its third weekend with a total gross of Rs 301 crores worldwide. Out of this, Rs 211 crore gross (Rs 162.35 crore net) was collected in India and Rs 90 crore (USD 13.5 million) overseas. Bajirao Mastani recorded a third weekend […]
Many fans who were hoping to buy Reliance Jio SIM cards on January 1 were left disappointed to learn that the company’s 4G launch was only for employees as of now. UPDATE: Jio has decided to go for an invite system by bundling SIM cards with LYF 4G phones. They will be available in the […]
