Reliance Jio Infocomm refuted Bharti Airtel’s claim that the current call drop situation was the result of underpreparedness by the new telecom operator, and alleged that it is the result of anti-competitive strategies by the incumbent operator. “RJIL denies that there has been any delay at its end in operationalising the E1s. On the contrary, […]
Housing & Urban Development Corporation Ltd., a wholly owned Govt. of India enterprise, said it raised a sum of Rs 1300 crore through debt. The amount was raised through placement issues of unsecured, redeemable and non-convertible bonds. While the issue of Rs 700 crore was raised at 7.36% on September 16 and the second tranche […]
Noble Skiodo launched one of the cheapest 55-inch smart TVs in India. Priced at Rs 44,999, the 55MS55N01 comes with a pixel resolution of 1920×1080 (full HD) and is exclusively available at www.amazon.in. Noble Skiodo is a new-generation TV brand that has launched all its models on Amazon so far, keeping its marketing and advertising costs close to zero. This […]
Anil Ambani, chairman of Reliance Communications, said his company has “virtually merged” with Reliance Jio, promoted by his brother Mukesh Ambani, and said the two brothers are working together. “Our spectrum is shared, our network is shared, our fiber is shared, our towers are shared, our voice is shared.. every effort to be capital light has […]
NIIT, an Indian multinational company in skills and talent development, said it has acquired the business of Bangalore-based start-up Perceptron Learning Solutions Pvt Ltd. Established in 2014, Perceptron focuses on developing learning platforms that combine deep analytics and semantic computing to ensure better learning outcomes. “Taking forward NIIT’s thrust on digital transformation in the EdTech […]
Days after Bharti Airtel slashed its data price to Rs 51 per GB under a special scheme to compete against Reliance Jio, Idea Cellular has chosen to imitate its larger peer. It has started informing users of a special scheme under which users can get 6 GB of 3G or 4G data for just Rs […]
Tata Motors said Moody´s Investors Service has upgraded the credit rating of its unit Jaguar Land Rover Automotive Plc. by one notch. The company´s overall family corporate rating has been moved from Ba2 to Ba1. Outlook remains positive. The Jaguar Lannd Rover is Tata Motors British unit. The company had seen credit downgrades after the […]
Days after elder brother Mukesh Ambani caused an earthquake in India’s telecom space with his speech at his company’s annual general meeting, younger brother Anil is all set to address his shareholders in a few moments. Reliance Communications is holding its annual shareholder meeting in Mumbai today. Ambani’s speech is to be preceded by an […]
ICICI Bank said it has tied up with Hindustan Petroleum Corporation Ltd and Aditya Birla Fashion and Retail Limited to offer UPI based payments their retail outlets. The bank also said it has become the first in India to have 1 lakh registered virtual payment addresses under the platform. UPI, or unified payment interface, is […]
Days after Bharti Airtel announced ‘free 4G data’ for 90 days, main rival Vodafone India has come up with a similar offer. The second biggest telecom operator in India by revenue is offering to provide free 9 GB of 3G or 4G data to anyone who buys a 1 GB pack for a new 4G […]
Government of India has signed a 15-year contract with the International Seabed Authority (ISA) for the exploration of Poly-Metallic Sulphides deposits, which constitutes of gold, platinum, iron, copper, zinc and silver, in the Indian Ocean, said the Ministry of Earth Sciences. By signing the 15-year contract India’s exclusive rights for exploration of Poly-Metallic Sulphide deposits […]
Cyber Media, a technology industry portal, said it sold its wholly owned subsidiary TDA Group to The Marketing Group. The deal is valued at $4.58 mln, subject to due diligence and regulatory approvals. TDA Group is engaged in marketing content and communications based in Silicon Valley, and was acquired by Cyber Media in 2008. The […]
TVS Motor Company, one of India’s leading two-wheeler manufacturer, said it has rolled out a free ‘24/7 Road Side Assistance Program (RSA)’ for its two wheeler customers across 70 cities in the country. The service will be free of charge for all in-warranty vehicles, and will be extended to 200 cities by next month. The […]
Kilitch Drugs (India) Ltd said its unit Kilitch Estro Biotech Plc acquired land for the installation of a pharma plant in Ethiopia. 4317.5 sq. mtrs of land was allotted at Oromia special zone by the Bureau of Rural Land and Environmental Protection, Federal Democratic Republic of Ethiopia on lease for a period of 45 years. […]
Clocking a compounded annual growth rate (CAGR) of about 16 per cent, the packaged food market in India is expected to have crossed $51.5 million (mn) mark in 2015 as against $25 million in 2010, noted a recent ASSOCHAM-TechSci Research joint study. “In wake of the increasing disposable incomes and growing number of nuclear families, […]
Drug manufacturer Suven Life Sciences Ltd said it got two product patents in India and Japan for to a new compound for the treatment of disorders associated with Neurodegenerative diseases. The patents are valid through 2026-2032. The granted claims include a class of selective 5-HT6 compounds and H3 inverse agonist compounds and are being developed as […]
Reliance Jio, the latest telecom company to enter the market, has started its fiber to home operations in Chennai — making the southern city only the third telecom zone to experience the service, after Mumbai and Gujarat. Though the tariff details are not available, a Facebook user has shared the photos of Jio’s invitation letter […]
Automobile manufacturers Mahindra & Mahindra Ltd. said it raised Rs 475 crores via non-convertible debentures on private placement basis with a tenure of 10 years. The face value of the 7.57% debentures are Rs 10,00,000 each. Mahindra & Mahindra is an Indian multinational automobile manufacturing corporation based in Mumbai, Maharashtra. It is one of the […]
Finolex Group, one of the largest cable manufacturers in India, said it will introduce electric water heaters into its product line-up on Sunday. This new product will compete against famous water heater brands such as AO Smith, Bajaj, Racold etc. “At present the product is set to launch only in the domestic market,” said the company. Finolex […]
Marksans Pharma Limited, an Indian pharmaceutical company, said it has received approval from the USFDA for the sale sale of its Loratadine Liquid Filled Capsules 10 mg in the US market. Loratadine is an antihistamine that reduces the effects of natural chemical histamine in the body and is used to treat sneezing, runny nose, watery […]
