India steps into a new mobile payments revolution with IMPS version 2.0

21 banks in India, including Andhra Bank, Axis Bank and Bank of Maharashtra, are introducing the upgraded form of India’s pioneering immediate payment service (IMPS) starting today. Under the new form of IMPS, users will be able to send money using proxy addresses instead of full bank account details, thus making instant money transfer across banks […]

Intex washing machine commercial features Madhuri Dixit On-Air

Intex Technologies put on-air its fully automatic washing machine TV commercial featuring bollywood actress Madhuri Dixit, who recently signed as brand ambassador for Refrigerators and Washing Machines for two years. The 20-second commercial will be broadcast pan-India across all major general entertainment channels, news channels and regional broadcasts. The commercial will cover the North Indian […]

42,157 Mumbai users switch to Tata Power in FY16, total consumer base over 2 mln

Tata Power, one of India’s largest integrated power companies, said 42,157 power consumers in Mumbai moved to its network from those of its competitors last financial year, helping the company’s total subscriber base cross 2 mln. Tata Power supplies power to households directly in Mumbai and Delhi — two areas where privatization of electricity distribution was […]

IL&FS buys Andhra Pradesh Expressway for Rs 140 cr

IL&FS Transportation Networks said it bought the entire equity stake of Singapore-based Cube Highways & Infrastructure Pvt. Ltd in Andhra Pradesh Expressway Limited (APEL)  for 140.37 cr. The completion of transaction and receipt of consideration is possible after fulfilling the conditions and approval from all concerned authorities and creditors of APEL, the construction and transportation company […]

Stride Shasun receives USFDA approval for constipation treatment

Pharma company Strides Shasun announced that it received the United States Food & Drug Administration (USFDA) approval for Polyethylene Glycol powder to treat occasional constipation. The powder when consumed as a solution works by softening the stool and increasing the frequency of bowel movement by retaining water in the stool, added the company. Yeterday the […]

Airtel claims to have fixed 30,000 towers using ‘open network’ initiative

Bharti Airtel said it has optimized 30,000 base stations on its network and upgraded 9,000 sites as a result of feedback from customers via its open network initiative. Under the ‘open network’ project, Bharti Airtel allows its customers to see where their nearest towers are, and even offer cell sites on rent to the company. […]

Mumbai based company claims to make water-absorbing synthetic fabric

A Mumbai based company, Fiberweb India, has claimed to have setup facility to modify water repellant properties of polypropylene fabric and transform it into a water absorbing (hydrophilic) substance. Polypropylene, like most petroleum-based synthetic fibers, repels water. This property, while useful in some cases, also makes it unsuitable in other use-cases, such as in making sanitary napkins, […]

USFDA issues establishment inspection report for NATCO Pharma’s Chennai plant

NATCO pharma, a Hyderabad based pharmaceutical company, said it received establishment inspection report (EIR) from the U.S. Food and Drug Administration (FDA) for the inspection conducted during the period February 8 – February 12 at its Chemical Division in Chennai. Earlier in mid-August, US FDA had issued an establishment inspection report to Natco Pharma’s for […]

FM sale turned down, TV Today hands over airtime sale to ENIL

TV Today Network, part of India Today group, entered into a add promotion Sales Agreement with Entertainment Network India (ENIL) for managing their advertisement campaigns in their three FM stations in New Delhi, Mumbai, and Kolkata, said the company. Following the agreement ENIL has been appointed as the agent of TVTN to facilitate sale of […]

Govt increases budget for key highway projects

The cabinet, chaired by PM Narendra Modi, revised the budget for a clutch of highway development projects to Rs 6,461 crores, from Rs 5,193 crores. The cost has increased due to higher bid prices, and increase in cost of land acquisition, resettlement and rehabilitation and other pre-construction activities, the government said. The projects are already taken […]

AstraZeneca Pfizer deal to hit Indian unit due to the loss of Meronem

AstraZeneca Pharma India said AstraZeneca UK has asked to terminate its existing distribution arrangements for Meronem (meropenem) in India. “This is as a result of a global agreement by AstraZeneca PLC to sell the development and commercialisation rights to Pfizer Inc, of its late-stage small molecule antibiotics business,” the company said. Separately, its global parent […]

Vodafone launches 4G in Haryana; UP-East, Gujarat and West Bengal to follow

Vodafone India, one of India’s leading telecommunication services providers, launched its 4G service in Haryana, starting with Karnal and Panipat. The service will be rolled out across Haryana over the next few months, the company said. As part of the promotions, customers buying greater than 1GB packs will get twice the data allowance and unlimited […]

Razorpay to offer PayUmoney checkout option to merchants

Razorpay, an online payment gateway, said it has partnered with wallet and payment option provider PayUmoney to offer Razorpay merchants the option to collect payments via PayUmoney. The agreement will help Razorpay’s 9,000 registered merchants avail the advantage of offering cashbacks for transactions on their platform. In the first stage, over 1,500 merchants will be […]

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