Apollo Tyres today signed an agreement with the Andhra Pradesh government to set up a manufacturing facility in the state. “As per the Memorandum of Understanding, the company will invest approx. Rs 525 cr for setting up this facility in Andhra Pradesh bordering the south-eastern coast of India,” said the company. The proposed manufacturing facility […]
Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability. “The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of the company’s turnover and the […]
With bank withdrawals restricted, the Income Tax Department seems to be taking the opportunity to move in on a long-time target of tax evasion investigators — co-operative banks. Several co-operative banks in Kerala have got Income Tax Department notices seeking details of deposits. It is not known if banks in other states have also got similar notices. […]
FMCG company Uflex said it launched new pouche for liquids like ghee or clarified butter for long shelf life. The pouch with sonically sealed spout has been offered to Paras Dairy for packing it’s ghee. Uflex, founded in 1983, is India’s largest end-to-end flexible packaging company. Jeevaraj Pillai, Joint President, Packaging and New Product Development, […]
Many bank branches are seeing unprecedented queues of people waiting to exchange their currency notes on Day 1 of the program, despite clear instructions that they can do so at any time over the next 50 days. Many people are waiting outside bank branches worried that if they don’t exchange their old notes today, it […]
Commercial vehicle manufacturer SML Isuzu Ltd. said it launched two new passenger vehicles — Executive Lx coach and Ecomax Bus — to its commercial passenger vehicles category today. The Executive Lx Coach will seat 18 passengers plus two and has pushback reclining seats. It is designed for the tours & travel operators and staff shuttle operations. […]
The National Highway Authority of India has suspended collection of tolls on all national highways in the country. “It has been decided to suspend Toll across all National Highways till midnight of 11th November to facilitate smooth traffic movement,” Road Transport minister Nitin Gadkari said. The clarification comes in the wake of troubles faced by motorists […]
Former finance minister P Chidambaram said the previous Congress governments had also considered attacking black money by swapping currency notes, but decided against it as it was considered too costly. Talking to mediapersons, Chidambaram said the cost of swapping the notes would be between Rs 15,000-20,000 cr and the benefit should at least be equal […]
Industry body ASSOCHAM today expressed confidence that apprehensions linked to President Elect Donald Trump of United States “would certainly prove wrong” in the coming days. The industry association said Trump’s sober, very fair sounding and statesman like demeanor promising a fair deal with the rest of the world should indicate an opportunity to take India’s […]
[polldaddy poll=9575194] Expect the unexpected is the case what we see in gold price today. The country saw a sudden hike in the gold price today as Rs 30,820 for 10 grams from yesterdays price of Rs 30,024. The price for 10 grams has rose by 796 rupees from yesterday in India. UPDATE: As of […]
US-based Morgan Stanley has given its thumbs up to Narendra Modi’s bold and unprecedented move to curb illegal funds by swapping currency notes. The government announced on late yesterday night that it will demonetise the high denomination currency — Rs. 500 and Rs. 1000 notes. A new series of the Rs 500 note and a […]
Mylan N.V. and Biocon Ltd. said they submitted Mylan’s biologics license application for a proposed biosimilar Trastuzumab, to the U.S. Food and Drug Administration. Biosimilar trastuzumab is a proposed biosimilar to branded Trastuzumab, which is indicated to treat certain HER2-positive breast and gastric cancers. HER2-positive breast cancer is a breast cancer that tests positive for […]
India’s leading television and film production company, Balaji Telefilms Limited said it launched its newest romantic love story, “Pardes Mein Hai Meraa Dil” on Star Plus. The show has a fresh cast and presentation and is shot abroad in picturesque Vienna, Austria. The cast includes Drashti Dhami and Arjun Bijlani who will be playing the […]
The Reserve Bank of India has released the following question and answers to alleviate citizens’ doubts about the new ban on 500 and 1000 rupee notes.We are reproducing the entire FAQ below for readers’ convenience. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the […]
Future Group has decided to keep its Big Bazaar supermarket open till midnight today. “We are getting a lot of enquiries from customers… so we’ve decided to keep it open till about 11:50 PM,” Kishore Biyani, chairman of Future Group told the media. Though it is being portrayed as a measure of convenience for customers who […]
[polldaddy poll=9574508] One of the most interesting aspects of the new move to ‘churn’ high-value currency notes will be its impact on real estate prices. The real estate sector was already reeling from high interest rates, slow economic growth and a fatigue due to the constant rise in prices. However, the new move to churn […]
Axis Bank said it added an augmented reality-based feature on its Mobile App that will enable home seekers to search and locate properties which are pre-approved by the bank for financing. Jagdeep Mallareddy, Head Retail Lending, Axis Bank, said, “The new augmented reality feature will help users to easily identify any property that is available […]
IT services provider Mindtree said it launched a new salesforce facility in Munich, Germany. This salesforce centre of excellence is anchored by Magnet 360, a salesforce partner and wholly-owned subsidiary of Mindtree. Salesforce is the world’s leading pureplay cloud player and offers software such as those used for customer relationship management. “Mindtree and Magnet 360 will […]
US sports goods manufacturer Nike has started online retail operations in India via its portal Nike.com. India-based users can now order from the global portal and have it home delivered. Earlier, only certain markets such as Australia, Hong Kong and Indonesia were being served by the online division of the company, arguably the world’s biggest […]
Infrastructure company Adani Enterprises Ltd said it commissioned India’s largest tracker-based solar power plant at Bhatinda in Punjab. The 100 megawatt plant is also the largest solar project in Punjab. Tracker plants are those with motorized panels that keep tracking the sun as it moves across the sky. Compared to fixed panels, tracking panels generate 30-35% […]
