Uflex, one of the world’s largest food packaging manufacturers, said it has developed an ‘active’ packaging material that can double the unrefrigerated shelf life of food items such as sandwiches. “The special properties of the FDA approved packaging material keep the pouch active by scavenging microbial growth thereby enhancing the shelf life of the Cooked […]
Tata Consultancy Services launched its artificial intelligence-based IT repair and prevention solution, ignio, in Japan. “When System outages occur today, businesses dedicate vast resources to rectify the problem. Oftentimes, multiple teams are called together to identify the root cause and devise resolution plans. “This can take Several hours and sometimes days. ignio” is able to […]
Reliance Communications said it has asked subscribers in Gujarat to move to its 4G network as its 2G spectrum in the state is expiring at the end of this month. “The Company has initiated migration of its customers in Gujarat circle to an all 4G network, prior to expiry of 2G spectrum in that circle […]
IT company Cyient said it signed an agreement to divest its 49% equity ownership in IASI, its joint venture with Pratt & Whitney, as it exits its IT services business. The Indian company will get $1.8 mln for the stake from United Technologies Corporation, the buyer, after a dividend disbursement of $9.1 mln from the […]
Mumbai-based real estate company Godrej Properties said it has signed a joint venture agreement with Nirmal Ventures, also based in Mumbai, for developing a residential project in Thane. The project, located on the Lal Bahadur Shastri (LBS) Marg, Thane West, will be developed under a development management agreement, the company said. Spread over 14 acres, […]
Bangalore-based Wipro won a high-profile client by signing up McLaren Technology Group, the company behind the successfull McLaren Formula 1 racing team. As part of the multi-year partnership, Wipro will deploy its HOLMES artificial intelligence platform to boost the productivity of McLaren’s fast growing automotive and high-tech businesses. Wipro has been given the title of […]
Even as Apple and its iPhone brand remains the most aspirational smartphone in India, it is OnePlus — owned by the same Chinese company that makes Vivo and Oppo — that has won the hearts of its Indian customers. OnePlus — which brings out only one phone at a time — emerged as brand with […]
In one of the biggest film acquisitions in recent times, NFAI has added 162 films to its collection. The entire collection came from Famous Cine Laboratory in Mumbai. NFAI or the National Film Archive of India is aimed at preserving Indian film heritage. “We thank them for depositing these films at NFAI,” said Prakash Magdum, […]
The sales of 4G-enabled tablets overtook that of 3G tablets for the first time in the April-June quarter of this year, numbers from CyberMedia Research showed. About 36% of the tablets sold in India during the three months came with 4G technology, while 33% came with support for only 3G high-speed data. In the preceding […]
Oil minister Dharmendra Pradhan today said that the current spike in petrol and diesel price is ‘temporary’ and related to the impact of Hurricane Harvey in the US. “The prices have gone up because some of the refining capacity has been shut down (in the US). It is temporary,” Pradhan said today, in response to […]
The government of India has warned against the import of illegal chemicals used in making fireworks and sought citizens’ help in tracking them. “Possession and sale of fireworks of foreign origin is illegal and punishable under the law,” it said in a statement today. “Information about possession and/or sale of such fireworks may be reported […]
Lupin said it received final approval to market a generic version of G.D. Searle LLC Flagyl antibiotic tablets in the US. Flagyl tablets had US sales of USD 44.1 million Lupin’s Metronidazole Tablets USP, 250 mg and 500 mg are the AB rated generic equivalent of the drug. It is indicated in the treatment of […]
The pace of growth in petroleum consumption slowed this year, but private retailers are getting ready to open more and more outlets, Fitch Ratings said. Consumption of petroleum products, such as diesel, petrol, LPG and kerosene, has been increasing at a rate of about 5% in India over the last three years, Fitch said. However, […]
Vodafone today introduced an unlimited roaming pack for Indian users in 18 countries priced at Rs 500 per day or Rs 5,000 per month. Both incoming and outgoing calls as well as data usage will be free. “We launched our flagship unlimited international roaming proposition for USA, Singapore and UAE in April, and are now […]
Bajaj Finance said it will offer 8.10% on fixed deposits to senior citizens, making it among the highest interest rates offered on fixed deposits in the country. For others, it will be 7.85% per year. The non-banking finance company claims to have the highest credit ranking in the sector in India. It is the lending […]
The Union Cabinet today gave its approval for hiving off mobile tower assets of Bharat Sanchar Nigam Limited into a separate company owned by BSNL. While the move, is not of that big a significance in itself, it is crucial from the perspective of what could come next. It is believed that the move to […]
IT services provider Wipro Limited said it has established a center for automotive technology in Timisoara, Romania to focus on embedded solutions such as in-vehicle entertainment, cluster display, telematics, connected cars and driver assistance systems. The company plans to hire experienced technology professionals and engineering graduates from top universities in Romania. The center will be […]
Tata Steel UK, formerly Corus Group, has taken one more step towards solving its financial woes by moving its pension-related liabilities to a new entity. It said the UK Pensions Regulator has approved a Regulated Apportionment Arrangement or RAA that separates the pension scheme from itself. Tata Steel UK will pay £550 million to the […]
Bharti Airtel launched its Voice over LTE (VoLTE) services today, starting in Mumbai, and said call charges will remain the same. Airtel VoLTE, which works over 4G, will offer customers HD quality voice calls along with faster call set up time. “Airtel VoLTE will be available on popular 4G/LTE enabled mobile devices, which must have […]
Pharma company Lupin said it received final approval from the US Food and Drug Administration for launching a generic version of Pfizer Inc.’s acne drug Vibra-Tabs. Doxycycline Hyclate Tablet 100 mg had US sales of USD 149.9 million per year, the company said. Doxycycline Hyclate is the AB rated generic equivalent of Pfizer Inc.’s Vibra-Tabs. […]
