State Bank of India said it was enabling payment by Samsung Pay service on some of its higher debit card variants. Samsung Pay works by mimicking the ‘swiping’ action of a credit or debit card by sending a magnetic pulse. The ‘card machine’ or point of sale machine mistakes this for an actual swipe and […]
Zydus Cadila said it has received approval from the US Food and Drug Administration to market chemotherapy drug Temozolomide and blood pressure drug Nadolol. Temozolomide will be made available in six doses from 5 mg to 250 mg. It is used in the management of brain tumors. The market size of Temozolomide is estimated at […]
IndiGo Airlines, India’s largest airline by far, is in no mood to go easy on its rapid expansion in coming years, the company said. The company, which accounted for 85% of the total capacity added in the country in the last five years and grew its seats at 24% per year on average, plans to […]
Idea Cellular, India’s third biggest telecom player by revenue, is likely to see its 4G data capacity rise to three times the current level over the next nine months, which is likely to push the price of data down further. This could impact Reliance Jio’s ability to stop its discounts and move to ‘full pricing’ […]
The Forum for IT Employees, arguably the IT workers rights organization with the largest number of well-wishers and supporters, accused IT companies of using illegal and unethical means to force their workers to submit their resignations. In a meeting with Maharashtra Chief Minister Devendra Fadnavis, the organization accused the companies of using harassment techniques that […]
Vodafone India renewed efforts to promote its cut-price voice and data offerings in recent days as the latest quarterly numbers from rivals Idea Cellular and Bharti Airtel suggested they had given out bigger discounts in the April-June period than anyone had expected. Earlier this week, Bharti Airtel reported that the total consumption of wireless data […]
Smriti Irani, who recently took on the role of the union minister for information and broadcasting has started off with a bang by alleging that the country’s largest news wire distributed photo Chennai floods claiming them to be those of the floods in Gujarat. Unlike her predecessors, who would bring such matters to attention through […]
Maruti Suzuki today announced the launch of premium workshops and service centers under its ‘NEXA’ brand. The first NEXA Service workshop has been launched at Gurugram. NEXA Service will be expanded in phases, and Maruti Suzuki expects that nearly 300 NEXA Service workshops will be in operation by 2020, the company said. Received by a […]
Bharti Airtel is still testing its 4G voice or Voice over LTE service and a pan-India launch will take place only by January-March of 2018. “VoLTE is a very complex technology,” CEO Gopal Vittal said. “There is a lot of optimization. It has to be tested device by device,” he said, adding that it will […]
Bharti Airtel, India’s largest telecom provider by revenue, said it has no intention of launching a rival phone similar to the super-cheap semi-smartphone launched by rival Reliance Jio. Asked if the company needed to come out with a similar, affordable handset to compete with Jio, Gopal Vittal, CEO of Bharti Airtel said his company did […]
The license fees paid by telecom operators in India to the central government fell by 23% to 2,663 crore in the three months ended March compared to the previous three months, the government said. Compared to nine months earlier, the fall was 33%. Telecom access providers, such as Bharti Airtel and Idea Cellular, have to […]
Bharti Airtel was forced to slash its data price by half to about Rs 60 per GB in the April to June period of 2017, the latest numbers revealed. In contrast, Bharti Airtel was charging around Rs 125 per GB in the three months from January to March of this year. A year ago, it […]
Bharti Airtel Limited reported a drop of 14% in its revenue for the first quarter, at Rs 21,958 crore. Adjusted for sale of its units, the drop was 11%, it said. Net profit fell 75% to 367 crore rupees for the first quarter. Operating profit was down 18%. India revenues for Q1’18 at Rs 17,244 […]
Neem coating of urea, one of the key anti-diversion measures introduced by the Narendra Modi government to check the misuse of fertilizer urea by industries, seems to be paying off. According to the latest numbers, the Indian taxpayer saved about Rs 8,000 cr thanks to the move in the form of lower urea subsidy bill […]
Reliance Defence and Engineering, controlled by Reliance Infrastructure, said it ‘launched’ the first two of its five patrol vessels being built for the Indian Navy at its shipyard in Pipavav, Gujarat. The ships are being constructed under the “P-21” project. The Company is also engaged in construction of one Training ship and fourteen Fast Petrol […]
Tower provider Bharti Infratel reported a 10% growth in its revenue and profit for the first quarter. The Consolidated revenues for the quarter, at Rs. 3,524 Crore, was up by 10% over the corresponding period last year. Consolidated profit from operations improved to Rs 1,575 Crore, up 12% compared to last year. Operating margin was […]
Pharma company Strides Shasun said it had received approval allergy drug Cetirizine Hydrochloride in the US. “The US market for Cetirizine Hydrochloride Capsules (Softgel) is approximately USD 60 mln, with only one other generic player,” the company said. “The product is ready for launch immediately and as in the case of OTC products, the market […]
NDTV, the oldest television news channel in India, was forced to withdraw a headline that portrayed gang violence in Dhule in Maharashtra as yet another case of ‘lynching’ in India after readers objected. Many commenters felt that the channel, which has been attempting to project itself as ‘Liberal’ outfit standing up to a ‘right wing’ […]
The latest entrant to India’s telecom market, Reliance Jio, has announced an unprecedented offer — a 4G enabled phone with support for apps and videocalling for free. According to Mukesh Ambani, customers do not have to pay anything for the phone as the cost of the phone will be returned to the buyer when he […]
Reliance Jio chairman Mukesh Ambani announced the JioPhone, which aims to bring smartphone features to the candybar form factor. The phone will be given to anyone if they deposit Rs 1500 with the company. The user will get the Rs 1500 back when the device is returned after 36 months. “Net net, you pay nothing […]
