Reliance Jio, the country’s largest internet service provider, will unveil a new tariff plan for iPhone 8 users that will offer 90 GB of 4G data for Rs 799 over a 28-day period, media reports said. That works out to Rs 8.88 per GB, which is almost half the rate valid for a comparable non-iPhone […]
The National Stock Exchange has again sought a clarification from NDTV after the Indian Express reported that SpiceJet promoter Ajay Singh was now the biggest shareholder in the media company. UPDATE: NDTV has denied the rumors. According to the newspaper, Singh has acquired a 60% stake in the media company, restricting existing promoters led by […]
Google was forced to enter the smartphone hardware business as makers of Android smartphones have largely failed to develop a product that can compete against the iPhone, an industry expert said, adding that the result of union could rival what Apple has to offer. “With tighter control on Pixel, Google will now focus on making […]
InterGlobe Aviation, the company that operates the country’s largest airline Indigo said the company would raise Rs 2,530 cr by issuing fresh shares. At the same time, existing shareholders of the company would raise Rs 1,265 cr by selling some of their shares as well, the company said. The total size of the offering would […]
Balaji Telefilms will make its digital content available Vodafone’s Play multimedia app, the telecom operator said. Nachiket Pantvaidya, CEO – ALTBalaji said the aim of his company was to make the content more widely available. “Our content caters to the Indian language, urban mass audience and is targeted at the 18-35 years demographic. The early […]
Central Government will give up to Rs 2.5 lakh as interest subsidy for people who take home loans to purchase their house under the Pradhan Manthri Awas Yojana, said Minister of Housing & Urban Affairs Hardeep Singh Puri. He also revealed plans to hand over government land to private builders as part of the scheme. […]
L&T Technology Services, the engineering services arm of the construction conglomerate, will co-develop industrial solutions with Intel subsidiary Wind River, which works in the emerging domain of Internet of Things. Under the partnership L&T Technology Services will “validate and optimize” its solutions with Wind River software platforms. These will then be offered to “shared customers” […]
ICICI Bank said the initial public offer of its insurance unit ICICI Lombard is priced at Rs 661 per share. The total amount to raised will Rs 5,701 cr. The initial price band was Rs 651-661. The IPO comprises the shares that are being sold by ICICI Bank and FAL Corporation in the insurance company, […]
As expected, incumbent telecom operators have expressed their disappointment with the regulator going ahead with cutting the interconnect charges paid by one operator to another at the time of handing off internetwork calls. The operators are likely to approach the government and the court against the move to reduce interconnect charges to 6 paise per […]
Operators such as Bharti Airtel, Vodafone, BSNL and Idea Cellular are likely to cut call tariffs for 2G and 3G users after TRAI decision to cut ‘termination charges’ to 6 paise per minute from 14 paise. More importantly, the bet that Mukesh Ambani placed by making voice free seems to be paying off as his […]
Bajaj Finance will offer ‘no cost EMI’ schemes on over four lakh products during the Flipkart’s ‘Big Billion Days’ sale that starts tomorrow and ends on Sunday to its existing customers. “The existing EMI Card customer can transact on Flipkart without any processing fee or any down payment at No Cost EMI,” the company said. […]
The Telecom Regulatory Authority of India has asked Anil Ambani-led Reliance Communications to generate unique porting codes for all its 43.62 lakh GSM subscribers in Gujarat and send it to them by SMS. It has also granted an exemption to the 90-day lock-in rule for new customers who joined RCom or those who ported into […]
Glenmark Pharmaceuticals Inc said it has got the go-ahead to launch the generic version of Perrigo’s anti-inflammation ointment Desonide Ointment in the US. Desonide Ointment, 0.05% had annual sales of approximately $23.4 million for the 12 month period ending July 2017, according to IMS Health sales data. Glenmark’s current portfolio consists of 124 products authorized […]
Biocon said the plant inspection conducted by the US Food and Drug Administration at its Vishakapatanam plant passed without incident. “US FDA inspected our Active Pharmaceutical Ingredients (API) manufacturing facility in Wishakhapatnam, Andhra Pradesh from September 11 to 15, 2017 and completed the audit without any observations,” it said. No form 483 was issued, it […]
ICICI Bank is offering cash back of up to 10% for those who use its free Pockets prepaid payment card on platforms such as Flipkart, Amazon and Reliance Retail. Pockets prepaid card is a free card that is delivered to anyone who installs ICICI Bank’s wallet app — Pockets — and makes a request for […]
Zydus Cadila said it received the final regulatory approval to market anti-sleep drug Modafinil in the US, and tentative approval for bladder control drug Solifenacin Succinate. Unlike a final approval, tentative approvals don’t allow the grantee to sell the drugs in the US market immediately. They have to wait for the patents to expire. The […]
Representatives of apparel exports met commerce minister Suresh Prabhu and sought certain changes in the tax reimbursement scheme under the current Goods and Services Tax regime. Apparel exporters are eligible for reimbursement of various state and central taxes under two schemes meant to promote exports: Rebate of State Levies (ROSL) and Drawback (DBK). However, they […]
IT services provider Wipro said it has been awarded a seven-year contract by European energy company Innogy SE to manage their data center and cloud services. Wipro will help the company, which focuses on renewables, grid & infrastructure and retail, to rationalize, virtualize and consolidate their IT infrastructure, the Indian company said. The Bangalore-based firm […]
Even as Reliance Jio continues its slow move towards ‘full pricing’ of its services, rival Idea Cellular has taken a step towards increasing promotional 4G pack prices across its tariff cards. While the operator was offering 1GB data per day for 84 days at around Rs 400 in key 4G states, it has now increased […]
Idea Cellular said it has now achieved 3G or 4G penetration for 50% of its cell-sites. “Idea added nearly 50,000 broadband sites over the last 12 months period ending August ’17, growing its broadband footprint to cover 5,888 Census towns and nearly 105,755 villages, reaching out to 45% population of the country,” the company said. […]
