Tata Power said its Strategic Engineering Division, along with partner DSIT Solutions Ltd, received a contract to supply Portable Diver Detection Sonar (PDDS) to the Indian Navy. The deal is one of the the largest in the world for such systems, it said. The detection systems will largely be manufactured in India at the Tata […]
As some consumers stay away from making big ticket investments into real estate, developer House of Hiranandani has come up with a ‘guaranteed rental’ scheme for those buying property at two of its towers at the Devanahalli township in Bengaluru. The company said that, depending on the size of the property, buyers could get up […]
Cox and Kings said Private Equity firm SSG Capital acquired the 34.42% stake held by Rohatyn Group in its subsidiary Prometheon Holdings (UK) Limited. SSG Capital Group also owns 2.72% stake in Cox & Kings Ltd. Prometheon Holdings is the Holding company of Holidaybreak, which in turn operates brands PGL, NST, EST, Travel Works and […]
Google has activated support for third-party apps in its Google Assistant product in India. Before this, it was not possible for third-party apps to be launched or accessed via Google Assistant in India. Google Assistant is the company’s artificial intelligence-based mobile phone search and assistance app similar to Siri from Apple. To enable the new […]
Ahluwalia Contracts said it won new construction orders aggregating to Rs 311 cr. “New orders worth of Rs. 170.99 Crores for construction of 300 Beds hospital in existing premises of ESIC Hospital Kolkata and worth Rs.140.00 Crores for other construction work,” it said. With this, the total order inflow during the FY 2017-2018 stands at […]
Pharma company Suven Life Sciences Ltd said it received new patents in India, USA and Hong Kong for neurological drugs. The patents — one each in Hong Kong and the US and a couple in India — are valid through 2032, 2030 and 2034. “The granted claims of the patents include the class of selective […]
India’s largest iron ore producer NMDC has reported a 39% increase in its revenue for the September quarter compared to the same period last year. Net profit increased 10%. The increase in revenue and profit was mainly due to increase in pricing and volume, the company said. Total iron ore production for the second quarter […]
Royal Orchid Hotels said it opened a new hotel in Kanpur, Uttar Pradesh, taking the number of properties under Royal Orchid group to 45. “Situated at the heart of the city, “Regenta Central The Crystal” is a perfect blend of modern amenities and traditional Indian hospitality,” the hotel group said. It said the hotel is […]
Idea Cellular has abandoned its earlier strategy of ‘limited aggression’ in dealing with the threat from Reliance Jio and Bharti Airtel, and will be more visible in its counter strikes from now, said CEO Himanshu Kapania. “From end October, Idea has shifted its earlier stand of limited aggression, which was limited to offering unlimited plans […]
About 600-650 mln telecom customers in India will remain ‘pure 2G’ users even in the year 2022, while 4G users would swell from 175 mln to 750 mln, said Himanshu Kapania, CEO of India’s fourth largest telecom operator Idea Cellular. At present, India has around 1.05 bln active telecom users, out of which around 70% […]
PVR, India’s largest movie chain, said viewers can now watch any movie they want — including oldies, small-time and independent flicks and documentaries — by voting for them on movie-on-demand app VKAAO from Bookmyshow. When a certain number of app users sign up for a screening at a particular time and theater, the movie theater […]
Eicher Motors reported excellent growth in profit for the July-September quarter thanks to record sales of its Royal Enfield brand of motorcycles, and said it wants to begin a new chapter in its Motorcycle business with its new 650 cc models. Most of the existing models are either 350 cc or 500 cc. During the […]
Tata Global Beverages reported a 4.4% increase in revenue for the September quarter, while net profit jumped to 144 cr from Rs 127 cr in the year-ago quarter. Revenue declined marginally on a sequential basis, while net profit was higher by Rs 20 cr. The company said revenue comparisons were hit by foreign currency movements […]
Mahindra & Mahindra Ltd said it has agreed to license technology and the brand from Belgium-based agricultural equipment maker Dewulf to make potato planting machinery in India. Dewulf is the world’s leading full-liner in potato and root crop machinery and has three manufacturing locations in Europe: Belgium, the Netherlands and Romania. “With the ever increasing […]
Pharma giant Zydus Cadila reported excellent numbers for the September quarter, led by rising US revenue that lifted its margins and profits. For the second quarter ended September 30, 2017, Zydus Cadila reported Earnings before Interest, Depreciation and Tax (EBIDTA) of Rs. 857 crores, up by 68% y-o-y. Net profit was up 33% to Rs. […]
Bharti Airtel said it raised Rs 3,325 crore (USD 510 Million) by selling shares in its tower subsidiary. It sold 83 mln shares at Rs 400.60 each. The price was at a discount of 3.6% to the previous day’s closing level. Shares of Infratel opened down by about 4% today due to the deals done […]
Tata Teleservices, the mobile telecom arm of the Tata Group that was sold to Bharti Airtel last month, lost about 7.3% of its nearly 7 mln mobile subscribers in Maharashtra and Goa, according to a regulatory filing by the company. Tata Telservices Maharashtra Ltd, as the company is know in the two circles of Mumbai […]
Tata Chemicals Limited reported flat revenue for the quarter ended September, partly due to the impact of the GST, but net profit from continuing operations was up 52%. On a like to like basis, said the company, revenue was up 2.6%. As reported, revenue was at 3,462 Cr and net profit at Rs 273 cr. […]
Idea Cellular and Vodafone in India started sharing their some of their networks in October, and will soon increase their 4G coverage by about 5,000 villages due to this, the Aditya Birla Group company said. “In October 2017, Idea and Vodafone India have entered into Active Infrastructure sharing arrangement, to avoid duplication of spends and […]
Idea Cellular reported a 19.7% year-on-year decline in its standalone revenue for the second quarter of this financial year, while net loss increased to Rs 1,176 cr from 617 cr in the preceding quarter and a net profit of 4.3 cr in the year-ago period. The revenue per subscriber (ARPU) also fell by 6.6% to […]
