Mukta Arts, an Indian production house, announced that they started a two screen cinema theater at Goregaon, Mumbai and three-screen property at Panvel in Raigad district, Maharashtra. It will total the company’s properties to 16 and screen counts to 43. The company, founded by film producer Subhash Ghai, started two theaters last month at Dehradun and […]
Dabur India announced a 1.2% growth in revenue to 1,923 cr from 1,901 for the April-June period as compared to the same period for the previous year, possibly due to reduced sales promotional activities. The sales promotion expenditure came down by 12.5% to Rs 196.5 cr from 224.7 cr. The reduced expenditure in advertisements seems to […]
While long lines of people queuing up outside Reliance Digital outlets for preview SIM cards may be good news for Jio, it has also meant long delays in activation of these cards. At least some Reliance Digital outlets are unable to cope with the huge demand and are struggling to process and scan the documents […]
With only three more days to go before Reliance Industries chairman Mukesh Ambani makes his once-in-a-year speech to his shareholders, there is strong expectations that Reliance Jio — the group’s telecom arm — will make its commercial launch date and other details public on the day. Ambani typically uses Reliance Industries’ annual general meeting (AGM) […]
Bharat Electronics Ltd will set up a factory at Nimmaluru in Andhra Pradesh to make advanced night-vision products for the defence forces, the company said. Factory will enable BEL to expand its electro-optics business and carry out manufacturing and integration for the ongoing and upcoming projects, it added. Factory will be built in stages and the […]
BMW announced the dates of its experience tour to be held in Kolhapur district in Maharashtra on the 28th and 29th of this month. The venue will be Hotel Sayaji in old Pune-Bangalore Highway added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and […]
L&T is aiming to double its revenue to Rs 2 Lakh crore by 2021 achieving an order inflow in excess of Rs 2.5 lakh crores per annum owing to better economic conditions , Chairman AM Naik said. With India’s GDP growth projected to touch 7.4% in 2016-17, India is the fastest growing economy in the world which […]
Tata Motors said consolidated profit before tax and exceptional items for the April-June quarter fell to ₹2,066 crores from ₹6,340 crores last year due to the adverse foreign exchange impact. The value of the British Pound fell drastically during the quarter due to the exit of the UK from the European Union. This had a […]
DataWind Inc — which specializes in entry-level tablets — said it was No.1 in the tablet market in India for the April-June quarter. The company said it had a market share of 37.2% in terms of volumes. A total of 950,000 tablets were sold in India during the three months, the firm said, quoting CMR […]
Online shopping site Myntra.com distanced itself from a controversial poster of Lord Krishna showing him ordering clothes from the retailer as Draupadi was being disrobed. Taking off from the Mahabharata epic, the poster depcits Krishna searching for ‘extra long sarees’ as Dushasana peels off Draupadi’s clothes. According to the epic, Draupadi was pawned by her husbands […]
Indian pharma major Lupin Ltd announced today that it received tentative approval from the United States Food & Drug Administration to market a generic version of Apotex Technology’s ‘Paxil’ Paroxetine tablets. The medicine is indicated for the treatment of major depressive disorder, panic disorder, social anxiety disorder and premenstrual dysphoric disorder. Tentative FDA approvals do not […]
Bank of Maharashtra announced the launch of its UPI mobile application in association with National Payments Corporation of India (NPCI). The mobile app will enable customers to pay and collect money from their smartphones without entering any bank account number. The ‘MahaUPI application’ shall enable our customers and customers of other banks to have a […]
Uflex, one of India’s biggest manufacturers of plastic packing, said it successfully performed flexfresh liner bag trials to determine the possible shelf life extension for Papaya. The trials were jointly performed with Perfotec — company which develops technology to extend the shelf life of fresh fruit and vegetables — in India as well as Holland […]
If you believe the current fight between incumbent operators like Bharti Airtel, Idea Cellular and Vodafone on the one hand and Reliance Jio on the other is about everyone paying the same taxes, think again. While the Cellular Operators’ Association of India, which is batting for the big three operators, has focused its attack on […]
Godrej Properties, one of India’s real estate developers, launched its latest project, Emerald, on Ghodbunder Road in Thane. Built over 6.25 acres, the “premium project” offers a total saleable area of approximately 1.35 million square feet, said the company. The first phase of the project will consist of three high-rise residential towers where customers will have […]
Tata Consultancy Services, a leading IT company from India, today announced a new software that enables retailers to gauge customer behaviour data from sensors placed in retail stores that can measure and analyse their movements and buying behaviour, said the company. This can help the retailers understand and deliver a personalised experience to their customers […]
Karnataka Bank became one of the first to launch its mobile application which is designed to accomodate the newly launched Unified Payments Interface (UPI) today. The mobile app which is named “KBL-SMARTz” is built on the UPI platform of the National Payments Corporation of India (NPCI) which will enable customers to pay and collect money […]
J. Kumar Infraprojects, a Mumbai based infrastructure company said it signed an an agreement with the Mumbai Metro Rail Corporation Ltd (MMRC) for Rs 5,012 crore phase-3 city metro works. MMRC issued a letter of authorization (LOA) to “J. Kumar – CRTG” joint venture for the 3rd phase of the Metro project. The project was assaigned […]
Mylan N.V. and Biocon Ltd. said the European Medicines Agency accepted for review Mylan’s Marketing Authorization Application for a proposed biosimilar version of biosimilar Trastuzumab, a medicine used to treat breast and gastric cancers. This is the second biosimilar submission developed by the partnership that has been accepted for review in Europe. Mylan’s MAA for […]
Thomas Cook India’s Centre of Learning said it signed memorandum of understanding (MOU) with Madhya Pradesh Tourism Development Corporation to impart learning programmes in Madhya Pradesh. The project, named as ‘Explore Madhya Pradesh’, will impart learning via engaging modules to over 660 travel agents, covering 20 cities pan India in the next two months. On […]
