Mahindra & Mahindra said it launched its “eSupro” electric vans. There will be two models — cargo and passenger. The cargo vans are priced at Rs 8.45 lacs while the passenger variant is priced at Rs 8.75 (both Delhi ex-showroom price). The eSupro platform will cater primarily to the B2B segment and would be available […]
Intex Technologies, one of the leading Indian handset player said it has partnered with Tata Teleservices subsidiary mRUPEE to launch their first ever mobile wallet. The mobile wallet, named ‘Intex MyWallet’, will include quick integrated payment functionalities and conveniences within the device related to recharge, money transfer, shopping, booking train, movie bus tickets and much […]
Thomas Cook, one of leading travel consultants, said it has launched an outlet in Rudrapur city in Uttarkhand under its new Mini format. The Rudrapur outlet has been designed optimising space and will be manned by a two member team, equipped with technology via mobile devices for seamless online connectivity to central systems thereby facilitating […]
Cognizant said that it has entered into a partnership with Future Group, an Indian multi-brand retailer, to transform its consumer goods business, Future Consumer Limited (FCL), into a connected enterprise. “In an era where data, insights and supply chain intelligence are crucial ingredients for turning success into market leadership, Cognizant’s technology, business process, platform and […]
L&T Technology Services, the information technology company of the L&T group, said it has partnered with Microsoft Corporation to offer a solution to lower energy bills and cost of maintenance. L&T Technology Service’s Integrated Building Energy Management Systems (iBEMS) framework will be available on Microsoft’s Azure cloud platform enabling enterprises to deploy and manage energy […]
After establishing its presence in smart TV business with Amazon India, Noble Skiodo, has launched its washing machines on the website with a starting price at just Rs 5999 ahead of the upcoming festive season. Noble Skiodo is offering three price points — Rs 5,999, 7,999 & 9,999. The company is a new-generation TV brand […]
Repco Home Finance Ltd said it raised Rs 100 crore through private placement by allotting 1,000 non-convertible debentures. The face value of the secured redeemable non-convertible debentures are Rs 10 lakh each. Repco Home Finance Ltd (RHFL) is a housing finance company headquartered in Chennai, Tamil Nadu. The company was incorporated in April 2000. RHFL […]
Dabur India Ltd’s beauty retail venture, NewU said it was bringing the make-up and beauty brand — Jaquline USA — to India. The new brand Jaquline USA will feature a range of make-up & beauty products. “NewU is the first Indian company to enter the Nail Care and Styling market with a range of products. […]
Bharti Airtel has launched its 4G offering in Gujarat, taking the fight to Reliance Jio and Vodafone in one of India’s richest states. Customers in Gujarat can now enjoy 10 GB 4G data for just Rs 249 with any new 4G handset they purchase. With Rs 249 recharge, 1 GB data will be instantly credited […]
Budget airline SpiceJet launched 16 new flights with a special focus on North-East India. The new flights include Kolkata-Silchar-Guwahati; Kolkata-Aizawl-Guwahati; and Kolkata-Gorakhpur-Delhi routes. “SpiceJet intends to penetrate the underserved markets within its domestic network and thereby aims to enhance regional connectivity,” the airline said. The company has outlined new markets on to its network including […]
Reliance Infrastructure Limited today said it agreed to sell all itstransmission assets to Adani Transmission Limited, the largest private power transmission company operating in India. This acquisition is expected to be completed in current financial year. The entire sale proceeds shall be utilized for debt reduction, said the company. The transaction is in line with the strategic […]
Premier Explosives, a Hyderabad based commercial explosives manufacturer, said it has won a Rs 27.7 crore order from Bharat Dynamics Limited for the supply of booster grains. The order will be delivered by end of June next year, said the company. Booster grains are used as solid fuel for missiles. Premier had delivered the 1,000th […]
Canara bank said it has been chosen as the joint venture partner by the government of India for the establishment of a Higher Education Financing Agency. The Higher Education Financing Agency or HEFA is a not-for-profit agency with initial capital base of Rs. 1000 Crore and was announced in the last budget. It would be […]
Indian retailing company Shoppers Stop Ltd. said it has opened one ´M.A.C´ door at New Delhi International Airport and one shop-in-shop ´Mothercare´ store at Orion Mall, Brigade Gateway Bengaluru. “By opening these stores the company has now 40 M.A.C doors and 41 Mothercare stores under its operations,” said the company. The company said its 51% […]
Alembic Pharmaceuticals Ltd., said it received an Establishment Inspection Report from the United States Food and Drug Administration for the inspection carried out at their formulation facility at Panelav, Gujarat. The FDA has the authority to inspect any establishment in which food is manufactured, processed, packed, or held, in search of contamination. Upon completion of […]
Government of India said it has given its approval to an acquisition by ONGC Videsh Limited for 11% stake in JSC Vankorneft from Rosneft Oil Company, the National Oil Company of Russian Federation. Rosneft operates Vankor fields with Vankorneft being its wholly owned subsidiary. OVL will be paying an amount of US $ 930 million […]
Hexaware Technologies Limited, a BPO and Digital services provider, said it has expanded its delivery presence in the European region by opening of its latest Global Delivery Centre in Bucharest, Romania. The Bucharest Global Delivery centre is situated in a prime location and in close proximity to several key clients within the European region, said […]
InoX Leisure Ltd said it launched a new multiplex cinema theatre at Mouje Nana Mava at Rajkot Gujarat today. The multiplex theatre has three screens with 411 seats. “By this new venture Inox is now present in 57 cities pan-India with 112 multiplexes. These multiplexes have 439 screens and total seating capacity of 1,12,444 seats,” […]
ABB, a power and automation technology company, today said it will install a 600 KW fully integrated and standardized microgrid solar energy at its Vadodara facility in Gujarat to help boost renewable energy generation while reducing dependency on fossil fuel. This microgrid with a rooftop photo voltaic field at the company’s biggest manufacturing location in […]
India saw a sharp decline in the value and number of deals by private equity funds in the third quarter of 2016 compared to last year, said News Corp VCCEdge. Total value of PE deals by funds fell to $1.2 bln, the lowest since third quarter of 2013. During the same quarter last year, the number […]
