Adani Power said it will set up a new 1,600 MW coal power plant at Godda Jharkhand to supply power to Bangladesh for a period of 25 years. It said the company has signed a Power Purchase Agreement (PPA) with the Bangladesh Power Development Board for the same. The plant will be of the ‘ultra-supercritical’ […]
Bharti Airtel said its home broadband users will get to carry over all unused data benefit to the next billing cycle up to a limit of 1,000 GB. “This is a first of its kind innovation in the fixed home broadband segment in India. The ‘Data Rollower facility will ensure that Airtel home broadband customers […]
Pharma major Lupin said it a warning letter from the US Food and Drug Administration for its formulations manufacturing facilities in Goa and Indore on Monday. “We are deeply disappointed to hove received this outcome. While there will be no disruption of existing product supplies from either of these locations, there will likely be a […]
ICICI Bank, one of India’s top banks, said it has decided to list its equity broking arm ICICI Securities. “The board of directors of the bank today approved the sale of a part of its shareholding in ICICI Securities Ltd in an initial public offering by the company, subject to requisite approvals and market conditions,” […]
Vodafone has come forward and allowed users of Reliance Communications to use its network if they want to generate their MNP code. The MNP code so generated can be used by the RCom subscriber to port to any operator in India, including Vodafone. This will help those Reliance Communications’ customers who are unable to generate […]
Ramco Systems said First Balfour, one of the largest construction and engineering firms in the Philippines, has deployed its ERP software to manage its entire business operations. “Deployed over nine months, Ramco ERP Suite has enabled First Balfour automate and streamline its equipment rental management, inventory, supply chain and asset management, along with finance, accounting […]
Tata Motors said its overseas subsidiary Jaguar Land Rover saw retail sales grow 0.2% in October to 46,418 vehicles. Jaguar retail sales were down 14.3% to 12,336 vehicles in October, primarily reflecting lower sales of the Jaguar XE, said Tata Motors. Land Rover retailed 34,082 vehicles in October, up 6.8%, led by the introduction of […]
Reliance Communications said it is in talks with several parties, including Brookfield Asset Management, to sell its tower assets. “The Company is renegotiating the tower transactions with all the interested parties including Brookfield Infrastructure Group,” it said. The clarification comes after reports that Brookfield had withdrawn from the tower deal completely sent RCom’s shares plunging […]
Biocon said its partner Mylan has resubmitted the marketing application for two substances used to treat cancer — trastuzumab and pegfilgrastim — before European authorities after making changes to their production facilities. The drug applications before the European Medicines Agency (EMA) were withdrawn in August after the authorities refused to issue approval without reinspecting the […]
Online classifieds company Just Dial said its app was downloaded an average of 23,871 times per day during the three months ended September. This was nearly thrice the number of app downloads during the same three months of 2016, showing the impact of the company’s TV campaign. Just Dial has an aggressive TV campaign to […]
If there are people who expect data prices to rise substantially in the next one year, they are probably not working at Bharti Airtel. India’s biggest telecom firm by revenue has unveiled long-term recharges that allow users to lock in the current cheap prices for up to a year. Airtel’s new 1-year mega pack — […]
Greenlam Industries reported a 15.8% increase in net profit for the September quarter despite a hit on revenue from the GST by cutting down on operating costs. The company recorded a net profit of Rs 16.0 crores, up from Rs. 13.8 crores in the corresponding quarter last year. This was despite a 0.8% decline in […]
Inox Wind Limited, the most aggressive player in bidding for new wind power projects, said it expects almost 6 GW of new wind power projects to be auctioned in India over the next five months. In comparison, the country added 5.4 GW of wind power capacity on the ground in the last financial year that […]
Reliance Industries said it would raise Rs 5,000 cr from the debt market by issuing debentures on Wednesday, November 8. The debentures issued will not be convertible to equity shares and will be sold privately (private placement) without a public offering, RIL added. Unlike shares, debentures generate a fixed return in the form of interest. […]
Star India, India’s biggest broadcasting company, has threatened to pull out its channels from Tata Sky, India’s biggest distributor of television content. Tata Sky is a joint venture between Tata Group and Rupert Murdoch’s 21st Century Fox, which also owns Star India. Unlike in case of Star, Fox owns only a minority stake of around […]
Godrej Properties, one of the few big real estate giants that weathered the slow down in the market over the last three years well, has reported strong numbers for its second quarter. Revenue from operations jumped 49% to 492 cr, while net profit rose by 91% to 44 cr. Both revenue and profit more or […]
Royal Orchid Hotels said it had tied up with Bespoke Hotels of the UK to market each others’ properties to their customers. Bespoke manages over 200 hots with 9,500 hotel rooms, 8,000 employees and £815 million of assets. “Royal Orchid now has the ability to offer its guests hundreds of hotel options across multiple global […]
Pune has become the latest Indian city to join the Metro bandwagon, with the contract for the 32-km first phase awarded to Hindustan Construction Company and the Dubai-based AL FARAA construction group. Construction of the first phase will have to be completed in 110 weeks (a little over 2 years). It will have nine elevated […]
Hathway Digital said it has started rolling out fiber-to-the-home services in congested areas, and also reported a strong increase in data use after slashing prices and increase quotas. For the three months ended September, an average consumer on Hathway Broadband increased her consumption to 98 GB per month, or 3.2 GB per day, from 78 […]
Hero MotoCorp, the world’s largest two-wheeler manufacturer, said October two-wheeler sales fell 4.8% to 6.31 lakh units. Declines were also seen in its competitors’ numbers, though not to the same extent. It said the difference in sales could be explained by the early onset of the festive season this year compared to last year. As […]
