Lypsa Gems and Jewellery Ltd said it reduced its secured debt by 25% by repaying a loan of Rs 75 mn to Bank of India. As of today, its debt stands at Rs 235 mn, down from Rs 31O mn as of 31st March 2016, it said. Debt Equity Ratio has dropped from 1.03x to […]
Low-cost carrier SpiceJet said it is offering a flat 12% discount on flights between India and Dubai. The discount will be applicable for flights between Dubai and any of the Indian cities Kozhikode, Kochi, Hyderabad, Jaipur and Mangalore. Customers can avail this offer by using a promo code –´TRAVEL12´– while booking. Booking can be done […]
Low-cost carrier GoAir has launched a new promotion — Smart Student Fare– which offers discounts and extra baggage allowance for students. Students will get 5% discount on base fare and excess baggage allowance up to 25Kgs while travelling on GoAir carriers. The scheme is applicable only for students above the age of 12 years who […]
Prime Minister Narendra Modi inaugurated three hydro-electric projects in Himachal Pradesh, representing 1,732 MW of generating capacity, to the nation today. The biggest of the three is NTPC’s Koldam, which has four generating units of 200 MW each. The second biggest was Parbati Stage-III, which comprises 4 units of 130 MW each and is operated […]
Marksans Pharma Ltd said the United States Food & Drug Administration has given its approval for its paricalcitol capsules — a synthetic equivalent of Vitamin D. Vitamin D is important for the absorption of Calcium from the stomach and for the functioning of Calcium in the body. Paricalcitol Capsules are therapeutically equivalent to the reference […]
Value retailer V2 Retail Ltd. said it has opened a new retail store at Sitamarhi, Bihar. By this launch V2 retail currently has 32 operational retail stores across the country. V2 Retail Limited is a retail company in India. It offers more than 70,000 products including ready made, apparels, household merchandise and other consumer goods […]
India may have emerged as a key supplier of generic and affordable medicine for the world market, but it has an “overwhelming dependence” on China for the raw material required to produce these drugs, industry association Assocham said. Indian companies depend on China to supply them with the main raw material in drug making — […]
Yes Bank has introduced a new billing machine for small businesses tying together Card & UPI payments, Aadhaar E-KYC and Aadhaar E-signing on a ready-to-use basis. This will help small and medium businesses to do their billing and accept payments and also disburse small loans completely electronically at any time to participating merchants, said the […]
Reliance Jio, the new 4G operator led by Mukesh Ambani, is coming under increasing criticism for slow connection speeds, but our latest test reveals that it is possible increase the speed by making a minor change to the access settings of client devices such as smartphones. Broadly, the issue seems to be that Jio’s IPv4 […]
Baxi, which operates commercial two wheelers, said it has partnered with Bajaj Finance Limited to finance salaried individuals who want to buy new bikes with the option to operate on a ride share basis. As part of the agreement, Bajaj Finance will provide attractive loans with minimum processing fees, and very low down payment, to […]
Larsen & Tubro said the transportation infrastructure business of L&T construction won a contract worth Rs 3,799 cr from the Dedicated Freight Corridor Corporation of India Ltd. This contract has been secured by a consortium of Larsen and Toubro Ltd and Sojitz Corp.,Japan. Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) is a special purpose […]
Hindustan Construction Company said it has won a Rs 368 crore contract from the Northeast Frontier Railway to Construct a safety tunnel between Tupul and Imphal in Manipur state in joint venture with Vaishno Cement Company Limited. This is part of the new railway line project being constructed between Jiribam and Imphal of Northeast Frontier […]
Anil Ambani-promoted Reliance Communications has agreed to sell its tower assets to Brookfield Asset Management. RCOM will receive an upfront cash payment of Rs. 11,000 crore from the proposed transaction. It has signed a non-binding Term Sheet with Brookfield Infrastructure Group in relation to RCOM’s nationwide tower assets and related infrastructure. Under the Term Sheet, […]
Bharti Airtel has introduced a new fiber technology in its core network that can help deliver speeds of up to 100 Mbps on its fixed broadband lines. It is the biggest private sector player in wired internet in India. The new technology, called Vectorization, will make its impact felt in 87 cities where Airtel’s broadband […]
Reliance Jio and Apple today announced a freebie deal for those who purchase any of the recent iPhone models including iPhone7. Under the offer, every customer purchasing a new iPhone 7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus or iPhone SE at Reliance Digital and select Apple Premium Resellers and Apple Authorized Resellers will […]
As the festive season is approaching many brands and online sites are offering huge discount sales and gifts on products to attract consumers in a wide range. And adding more color and to capture each moment of happiness FujiFilm India Pvt Ltd has introduced its new and exciting offers on its popular Instax Mini 8 […]
United Bank of India has cut its benchmark interest rate by 5 basis points across all tenures. With this, the marginal cost of funds-based lending rate for one year loan has been cut to 9.4%. The MCLR for one month is 9.25%. The new rate will be applicable to all new loans of the bank […]
RBL Bank and NeoGrowth Credit Pvt will provide loans to small and medium enterprises in the Indian retail segment that are excluded from mainstream funding and financing with the help of a US government agency. The funding will be backed by the Overseas Private Investment Corporation (OPIC) — a US Government organization that mobilizes private […]
Reliance Jio and Apple today announced a freebie deal for those who purchase any of the recent iPhone models including iPhone7. Under the offer, every customer purchasing a new iPhone 7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus or iPhone SE at Reliance Digital and select Apple Premium Resellers and Apple Authorized Resellers will […]
Fortis Healthcare said it´s Mauritius subsidiary Fortis Healthcare international Ltd, has will take a loan of SGD 165 mln (Rs 77.6 crore) from Singapore-based Consortium of Bankers. “Fortis Healthcare Ltd has being holding the company, is giving guarantee on behalf of FHIL securing the payment of principle and interest thereon.,” said the Indian company. Fortis […]
