Tata Motors’ Jaguar Land Rover (JLR) reported its best ever August retail sales of 36,926 vehicles, up 26% compared to August 2015, said the company. The month’s performance has been driven by strong sales of the Land Rover Discovery Sport, the Jaguar F-PACE and XE, JLR added. JLR sold 3,72,978 vehicles in the first eight […]
IL&FS Engineering and Construction Co.Ltd., a multi-national infrastructure development company, said it received a Rs 173.13 cr contract from Gas Authority of India Limited (GAIL) for the laying and construction of pipeline at Kuttanad. The total length of the 30-inch pipeline is 91 Km and has be completed in 24 months from date of acceptance and with additional […]
IT company Tata Consultancy Services (TCS) said it has deployed software to provide unemployment insurance by the Mississippi, Rhode Island and Maine Consortium to help unemployed individuals. Mississippi’s unemployment insurance program helps provides monetary benefits to those who have involuntarily lost their jobs while they look for new employment opportunities, the company added. The TCS developed unemployment insurance solution […]
L&T Technology Services Ltd will open its initial public offer of up to 10.4 lakh equity shares on Monday. The shares will be sold by the parent Larsen & Toubro, the company said. Each share of the company, which provides technical design services, will carry a face value of Rs 2 and will be offered […]
Larsen & Toubro said its valve division supplied India’s first indigenously-developed High Integrity Pressure Protection System to Dirok Gas Field Development Project in Assam. “Conventionally, spikes in pressure are managed by venting or flaring excess fluids. HIPPS is a smarter alternative that detects and isolates the source of high pressure within seconds. By avoiding discharge, […]
Jindal Steel & Power Limited (JSPL), one of India’s leading steel manufacturers, said it will set up a plant to manufacture rails for metro & high speed rail projects with an investment of Rs 200 crores. The plant is capable of producing 30,000 MT of rails per month and has been set up in technical tie-up […]
Kerala-based privately owned Federal Bank said it has started a one-minute loan facility called Digital Personal Loans. “Customers can log into Bank’s website (www.federalbank.co.in) and avail personal loans in a minute. Upon the acceptance of the offer by the customer, the loan money is credited to his account immediately,” it said. “This facility neither requires […]
Pharma Major Lupin Limited (Lupin) announced that it received tentative approval from the United States Food and Drug Administration (FDA) for selling Silodosin capsules, a generic version of Allergan Sales’ Rapaflo capsules. Silodosin capsules are indicated for the treatment of the signs and symptoms of benign prostatic hyperplasia, or the enlargement of tissue due to […]
Glenmark Pharmaceuticals said its overseas subsidiary has discovered a molecule that can potentially be used in targeting even difficult-to-treat lung cancer and colorectal cancer. The GBR 1372 molecule was discovered in the pharma company’s Swiss laboratory and that the company plans to file an application with the US Food and Drug Administration to approve the […]
Coal India Ltd. is in “deep consultation” with Bangladesh to export the dry fuel, Anil Swarup, Coal Secretary said. Inaugurating the 2-days India Energy Forum (IEF) Coal Summit, Coal Secretary said the step has been taken in the backdrop of a sharp decline in demand for coal as well as with an inventory of over […]
LG, the South Korean multinational conglomerate corporation, launched two new speaker sets — LH62 and LH64 — priced at Rs 5990 and Rs 6990. These speakers have bluetooth connectivity by which one can play songs via their smart phones, the electronic manufacturer said. The LH62 is 2.1 channel speaker system that delivers 36 watt sound […]
Pharma Major Lupin Limited announced that its US subsidiary, Gavis Pharmaceuticals received a tentative approval from the US FDA for selling Moxifloxacin hydrochloride tablets, a generic version of Bayer Healthcare Pharmaceuticals’ Avelox tablets. Lupin’s Moxifloxacin hydrochloride tablets are the AB rated generic equivalent of Bayer Healthcare Pharmaceuticals Inc.’s Avelox Tablets and can be substituted by […]
While Rs 45 lakh crore would be the total credit demand for the micro, small and medium enterprises sector over the medium term, about Rs 5.15 lakh crore needs to be mobilised to address the near-term requirement, noted an ASSOCHAM-Crisil joint study. “Finance related issues pose the biggest challenge among the host of other factors […]
Ramco Systems, a aviation software company, announced that it has won a project from Canada’s L-3 MAS to implement Ramco’s aviation software to support Royal Canadian Air Force fleet in engineering & programs, materials management, maintenance, compliance & quality, flight operations and offline maintenance, said the company. L-3 MAS is among Canada’s leading providers of […]
With the launch of Mukesh Ambani’s Reliance Jio threatening to push BSNL into irretrievable losses, the state-owned telecom company has introduced a new landline plan with true unlimited internet and voice calls for Rs 1,199 across India. The internet speed will be 2 Mbps download, while voice calling will be truly unlimited to all networks […]
The entry of Reliance Jio, part of Reliance Industries, into the Indian telecoms market will be credit negative for the incumbents – especially smaller telcos – and could fundamentally change how telecom services are sold in India, said Fitch Ratings. “Jio’s tariff plans may gradually push the market toward “data-only plans”, under which customers are […]
As the ‘D Day’ of Reliance Jio’s launch approached, there was palpable excitement among the high-speed data users of the country. Finally, they said, they will be freed of the Rs 250-per-GB tyranny of the incumbent operator(s). (We’re using ‘operator(s)’ here because though there are three big operators, their pricing was more or less the […]
Entertainment Network India Limited (ENIL), subsidiary of the Times of India Group, will launch its new brand and second channel “Mirchi Love” in Ahmedabad, Jaipur and Surat on the 5th of September, said the company. The company is currently operating Radio Mirchi 94.3 FM channel in these cities. Mirchi Love will be available in 104 […]
Bosch, global supplier of technology and services, inaugurated the first phase of expansion of its development center at Adugodi in Bengaluru and will invest Rs 1,170 cr in 2016 in India, said the company. The company has invested around Rs 350 cr since it has revamped its oldest facility in India into a technology and […]
Larsen & Toubro announced that it has bagged orders of ₹ 1,458 cr, which includes a project from Saudi Electricity Company for the construction of a 132 kV double circuit transmission line and 132 kV cabling in Saudi Arabia. Power transmission & distribution business wing of the company has received engineering, procurement and construction projects […]
