Mahindra & Mahindra Ltd is likely to maintain its market position in its core SUV and tractor markets despite the entry of new competitors, ratings company Crisil said. “Cost-efficient operations, development skills, broad product portfolio, and increased production capacity will enable the company to maintain its leading market position in the tractor, UV, and LCV […]
Freecharge, the Snapdeal owned digital payments platform, said it has introduced a first of its kind service in India by which customers can now complete recharges and make bill payments using Microsoft’s voice-based smart assistant Cortana. The voice support transactions is now available on its Windows 10 app version, said the company. Cortana works by using […]
NIIT, an Indian multinational company in skills and talent development, launched its flagship training centre at Tongren Polytechnic College in China to develop next generation IT professionals in the field of big-data and analytics. Earlier in April 2016, NIIT entered into a strategic agreement with Guizhou province to help the provincial government build global quality […]
GAIL India Limited, a government natural gas transmission and marketing company, said it has started operation of its first UNIPOL polyethylene process line with a capacity to produce 4,00,000 tons of polyethylene per year in its Pata plant in Uttar Pradesh. GAIL’s flexible high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE) swing plant provides access to […]
Uflex, India´s largest FMCG packing company, said it developed a melanin free version of acrylic coated BOPET film used in food packaging and other industries. The company has developed clear transparent film that can be used in conversion, printing, hot fill, retort, pasteurisation and sterilisation among other applications, the Indian packaging solutions provider said. BOPET […]
Shriram EPC Limited (SEPC), a construction and project management company, said it has won a project for Rs 74 crores from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) for providing water to Pallikaranai and Mugalivakkam areas in Chennai. The project will be completed over a period of 24 months, said the company. Shriram EPC […]
Jaguar Land Rover India launched the new Jaguar XF sedan in five variants starting from ₹ 49.50 lakh (ex-Delhi) in Mumbai. The new Jaguar XF is powered by the new Ingenium 2.0 l 4-cylinder turbocharged diesel engine that delivers a power output of 132 kWand is upto 20 kg lighter than equivalent previous generation engines. […]
HDFC ERGO General Insurance Company launched a web enabled HDFC ERGO Community portal for the consumers and the stakeholders of general insurance sector. The website has been modeled after tech forums, and is supposed to “serve as a channel for its users to research, get advice, discuss and share their experiences and knowledge on non-life […]
NBCC (India) Ltd, said it got a contract worth Rs 440 crore for the construction of hospitals in Haridwar, Dehradun and Indore from Employee’s State Insurance Corporation, Ministry of Labour & Employment. As per the contract, the NBCC should build 100 bedded hospitals at Haridwar & Dehradun and 300 bedded hospitals in Indore, Madhya Pradesh. […]
Mangalore Refinery and Petrochemicals Limited, an oil refinery and subsidiary of ONGC, denied allegations that it has not been paying due excise duty. Media reports carried allegations that the company was not paying due excise duty on its production of Mixed Xylene, a raw material used in a variety of manufacturing industries, quoting tax officials. […]
Whenever companies in a protected market become complacent, disruption is not far off in the form of a revolutionary newcomer. India’s telecom biggies — lulled into complacency with copy-cat products and tariffs — are now undergoing a mega disruption in the form of Reliance Jio’s entry. While Bharti Airtel has responded by cutting its data price […]
Wipro Limited, an India-based information technology, consulting and business process services company, said it had joined Oracle’s Cloud Managed Service Provider (MSP) Program. Wipro’s Boundary Less Data Center offering has been integrated with Oracle’s twin cloud offerings — Infrastructure as a Service and Platform as a Service. ‘Cloud’ refers to the practice of leveraging the […]
Wonderla amusement park had set up a solar plant with an installed capacity of 500kW at it´s newly opened unit in Hyderabad. The installed solar plant will generate 2000 units of power daily and it is expected cater to 25 percent of Wonderla’s daily power requirement. The capacity can be enhanced to 1000kW. By this […]
Welspun said it believed that two complaints against the company for allegedly using non-Egyptian cotton may or may not be allowed to proceed as class action lawsuits, and are therefore not yet ‘material’. The company was responding to a question by the stock exchanges of India on media reports that alleged that millions of dollars […]
Adani Ports and Special Economic Zone said it will acquire the company operating the Abbot Point Coal Terminal in Queensland for 19.25 mln Australian dollar (Rs 97 cr). Abbot Point has currently one operating terminal named Adani Abbot Point Terminal having firm take or pay contract for 50 mmtpa cargo. The terminal was acquired by […]
SpiceJet, India´s low-cost carrier will start its direct flight on Delhi – Jodhpur – Delhi sector from 30th October 2016 under its winter schedule. With introduction of this flight Jodhpur will be connected with Bengaluru, Hyderabad, Chennai, Mumbai and Kolkata. The airways is already operating daily flights to Jaipur and Udaipur. Jodhpur is a popular […]
Centre for Science and Environment (CSE) has launched an online interactive tool to help people know about their food and dietary habits. “What we eat affects our health. But most of us do not know what we eat and how it affects our health. ´KNOW YOUR DIET´ is a first of its kind initiative to help […]
Builder Kolte-Patil Developers Ltd said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with US-based Portman Holdings. “This project sets a unique example of an Indian & an International developer/Investor working in partnership on various aspects of the project to deliver a good product […]
Nikon India made two additions to its KeyMission action and wearable cameras in India — KeyMission 170 and 80. The KeyMission action cameras come with built-in advanced optical and image-processing technologies. The KeyMission 170, which is shockproof and waterproof, captures dynamic 170° wide-angle 4K UHD videos and vivid images, the company said. “With intuitive interfaces and […]
Castrol India said its promoter Castrol Ltd sold 4.22 cr of its shares in the market through open sale today. Shares of Castrol India were up 9% at Rs 459.75 today. Castrol is a unit of UK-based BP Plc. With this, the promoter’s share in the company has come down from 59.4% to 50.9%. Back […]
