Pharma company Panacea Biotec said it has signed an agreement to supply a generic version of Eli Lilly’s Effient heart drug to Apotex, the largest Canadian-owned pharmaceutical company. The drug will be sold by Apotex in the US market. “Under the terms of the agreement, Apotex shall be responsible for sales & distribution of the […]
Infosys said it completed the acquisition of Brilliant Basics, a London-based product design and customer experience company. The acquisition was first announced a month ago. “Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to-end Digital Transformation solutions required to […]
Tata Motors has denied media reports that the production of commercial vehicles at its Jamshedpur plant was disrupted last week due to a strike. Media had reported that around 6,000 of the 10,000 workers at the company’s Jamshedpur plant were protesting, and that this had brought down production of commercial vehicles to 60-70 per day […]
Bharat Financial Inclusion, formerly known as SKS Microfinance, said it has entered into exclusive discussion with IndusInd Bank on a potential “strategic combination by way of amalgamation through a scheme of arrangement, or any other suitable structure.” SKS Microfinance is a non-banking finance company (NBFC) was founded in 1997 by Vikram Akula, who served as […]
Indian promoters are unwilling to give total management control to professional boards and managers, a survey by Assocham has revealed. A majority of the corporate firms have promoters’ holding well over 50 per cent and even those with much lower stake are not willing to bet fully on professionals, found the survey that was based […]
Infosys said it has been inducted into the Dow Jones Sustainability Indices (DJSI) and is now part of two of the indices — DJSI World and DJSI Emerging Markets. The indices measure the economic, environmental and social performance of companies and are based on the companies’ corporate governance, risk management, branding, climate change mitigation strategies, […]
Total retail sales for Jaguar Land Rover increased 4.3% to 38,519 in August, the company said. The increase was “primarily reflecting the introduction of the new Range Rover Velar and the long wheel base Jaguar XFL in China as well as continuing strong sales of Discovery Sport and F-PACE,” Tata Motors said. Retail sales were […]
TVS Motor Co has launched a new version of its mass commuter motorcycle Victor. The new model, called Victor Premium, is an attempt to make the bike look better, while preserving most of its specifications such as the 110cc engine. “This premium edition of TVS Victor now offers quality and performance with bold styling and […]
Mumbai-based real estate developer Capacit’e Infraprojects has priced its initial public offer at Rs 245-250 per share. The company said it will open its Rs 400 cr IPO on Wednesday, Sep 13 and close it on Sep 15. Up to 50% of the issue will be allocated to institutional investors, and within this, up to […]
Information technology firm Wipro said it won a five-year IT applications management contract from Outokumpu, one of the world’s biggest producers of stainless steel. Shares of the company were marginally higher at 299 rupees, up 0.6%. In 2014, the Finnish company had given a somewhat similar contract to the Bangalore-based firm, but the latest deal […]
India’s biggest bank, State Bank of India, has been forced to issue warning letters to its customers after fraudsters targeted the banks’ customers with fake schemes and offers. An email message has been sent to customers warning them against depositing money on the advice of such people. “The recent spate of fictitious offers of cheap […]
Shares of New Delhi Television Ltd spiked another 10% today to Rs 62.40, prompting the BSE to write to the company to seek clarification on any undisclosed development. With this, the total gain in NDTV shares in the last four days is 76%. The company, however, said it was not aware of any development that […]
Escorts, which makes Farmtrac and Powertrac tractors in India, launched several new models today, including what it called India’s first Electric & Hydrostatic concept tractor as well as high-end models with cabins and tier 4 emission norms compliant CRDi engines. These will be exported to the United States, Europe, Latin America, Africa and ASEAN countries. […]
Online payment company PayPal has selected five startups – Finbox, Neoeyed, Paymatrix, Scalend and Tybo – for inclusion into its incubator program in Chennai. The program offers startups technology counsel and mentorship, infrastructure support and networking opportunities with both investors and customers. In addition to these, PayPal will also be picking up a stake in […]
Cox & Kings-powered adventure company Trip 360˚ organized a unique outing in Rabale in Navi Mumbai. Unlike regular hikes and treks, this one was not just focused on enjoying nature, but also preserving it. The plantation was done at Tetavli, Rabale. The site which was initially a barren land is being worked upon by Hariyali […]
Star India, part of Rupert Murdoch’s media empire, has won the rights to broadcast Indian Premier League matches for the next five years, edging out Sony India. The company bid Rs 16,347 cr for the privilege, edging out other groups such as Discovery. This comes to about Rs 3,250 cr per season and Rs 54 […]
Bharti Airtel has become the first operator in India to break the 2GB-per-day cap under its daily data plans, offering up to 5GB per day under its various plans. Under the new plans, customers can recharge for various denominations that allow them to get 1 GB, 2 GB, 2.5 GB, 3.5 GB, 4 GB or […]
Pharma giant Zydus Cadila said it received final approval from the USFDA to market immunonsuppressant Mycophenolate Mofetil injection. The drug is indicated for use in combination with other drugs i.e., cyclosporine and corticosteroids for the prophylaxis of organ rejection in patients receiving renal, hepatic or cardiac transplants. The drug will be manufactured at the group’s […]
Czech automaker Skoda has dispelled the uncertainties around the introduction of its performance sedan range, the Octavia RS series, by bringing the RS 230 to India. The model is the most powerful car launched by the company in India and comes with a 2-litre TSI turbocharged, four-cylinder petrol engine with 230 bhp of power and […]
Defence and security company Saab, maker of Gripen jets, has tied up with India’s Adani Group for aerospace and defence production in India. “The intended collaboration would encompass design, development and production of Gripen for India and other high-tech products of national importance for India and also the creation of joint ventures in India in […]
