The interconnection dispute between Reliance Jio and incumbent operators like Idea Cellular, Vodafone and Bharti Airtel has been “largely resolved,” an official with one of the incumbent operators said. “We have provided enough points to avoid any congestion-related problems in the foreseeable future,” said an official with one of the three incumbents. According to the […]
KEC International Ltd, the infrastructure unit of RPG Group, reported a 22.5% rise in EBITDA to Rs 185 cr for its second quarter of FY17. EBITDA margin, which shows how profitable the company’s operations are, increased by 140 bps to 8.7% from 7.3%, reflecting a 28.11% growth in EBITDA to Rs 154.79 cr. “We have consistently […]
InoX Leisure Ltd said it launched the commercial operations at Mumbai’s iconic Metro House cinema. The new multiplex has 6 screens and 1491 seats. The multiplex operator had won the lease for the building a little more than a year ago. Metro House was shut in 2014, 79 years after it was opened. It was […]
IT services provider ZenSar Technologies said it won a contract to implement Oracle Applications Release 12 to tranform the financial and procurement processes of e-commerce and catalog retailer Full Beauty Brands . FullBeauty Brands is a leading American plus-size women’s and men’s apparel and home goods company having eight proprietary brands. The key objective of […]
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, today signed the agreement with Government of Goa for the development and operation of north Goa’s Greenfield International Airport at Mopa. GMR Airports Ltd (GAL) a subsidiary of GMR Infrastructure Ltd, is one of the largest airport developers in the world; handling more than 70 […]
The Press Trust of India reported that the government of India has put on hold its earlier directive to take news channel NDTV India off-air for one day. Quoting unnamed sources, the news agency said the Information & Broadcasting ministry decided to put the move on hold. The move had been roundly condemned by media […]
Heritage Foods Ltd said it agreed to sell its food retail business to Future Retail Ltd in return for shares in the Kishore Biyani firm. The businesses covered by the deal are grocery and food retail, agricultural sourcing, processing and marketing, and bakery. As part of the deal, Future Retail will issue about 1.80 cr […]
Jet Airways said it is launching a daily direct flight from Bengaluru to Singapore from 14th December, further expanding its connectivity across the ASEAN region. The new flight will offer passengers from Hyderabad, Mangaluru, Coimbatore and Thiruvananthapuram connectivity to Singapore via Bengaluru. “This service has been introduced in response to growing demand on this sector, […]
Cognizant, the low-margin, high-growth IT services company, seems to also have fallen prey to the ongoing slowness in the IT outsourcing sector. The company reported revenue growth of just 2.5% — less than that of Infosys — for the third quarter of this calendar year. Infosys had reported a growth of 3.5% in dollar terms, […]
Wipro Limited launched its offerings that use Open Banking API technological platform. Open Banking platform is a Europe-based standard that lets third party developers build applications and services that tap into a bank’s core services and infrastructure. For example, one can build a billing or ticket booking or payment service that can then ‘talk’ to […]
Wallet provider Freecharge, one of the first to support the new UPI platform, has now tied up with Indian Oil to let customers make payments for gas deliveries via a PIN number. Once the pin number is provided to the gas delivery boy, the amount will be deducted from your Freecharge account. The pilot project […]
United Bank of India said it is allotting equity worth up to Rs 300 cr to Life Insurance Corporation of India. United Bank of India is an Indian government-owned financial services company headquartered in Kolkata, West Bengal, India. Life Insurance Corporation of India is an Indian state-owned insurance group and investment company headquartered in Mumbai. […]
Gold Jewellery exporter, Rajesh Exports Ltd said it launched its 81st retail showroom under it’s brand name ´Shubh Jewellers´ at Bangalore. “With this launch the company has launched it’s second phase of retail expansion. The company in the second phase of retail expansion has finalized plans to launch series of retail showrooms in the four […]
The dispute over providing interconnection facility is set to end in the next two weeks, with Bharti Airtel, Idea Cellular and Vodafone giving in to the demands of new operator Reliance Jio and the regulator. The decision to comply comes in the wake of a recommendation for a fine of Rs 3,050 cr to be […]
RPP Infra projects Ltd said it received a contract worth Rs 254 mln from Tamil Nadu Civil Supplies Corporation to construct scientific storage godown at Kodavasal village & taluk in Thiruvarur district. The godown is of 2500 MT and is to be completed within 24 months. R.P.P Infra Projects Ltd, founded in 1988, is a […]
The Snapdragon 821, based on Cortex A72 design from ARM, is supposed to be the best in the business, but it’s reign is likely to be cut short — very short — by the release of Huawei Mate 9. The Mate 9 comes equipped with a radically difference core technology known as Cortex A73. Though […]
Tata Motors’ subsidiary Jaguar Land Rover reported its best-ever October retail sales of 46,325 vehicles, up 11% compared to October 2015. “The month’s performance has been driven by strong sales of the Land Rover Discovery Sport, Range Rover Evoque, Jaguar XF and the introduction of the Jaguar F-PACE, as well as strong year on year […]
Aditya Birla Fashion and Retail Ltd said it entered into agreement with UK based fashion brand Ted Baker. Ted Baker London is a British luxury clothing retail company. “We are happy to join hands with Ted Baker and build a strong presence for the brand with Indian consumers. This partnership will enable our consumers to […]
Hit by competition from Reliance Jio’s 4G services, Tata DoCoMo has halved the price of its 1 GB 3G pack to just Rs 98 from Rs 195 earlier. The new pack is being offered under the ‘My Best Offer’ service that users can activate by pressing *123# on their mobile phones. The company has 3G […]
Anil Ambani group’s Reliance Digital DTH may be rebranded to ‘Chois HD’, according to a twitter user, who also tweeted some photographs of the upcoming brand. Reliance Communications’ Reliance Digital is arguably the weakest candidate among the five private companies that compete in India’s DTH space. The DTH business is dominated Dish TV, Tata Sky, […]
