Dixon Technologies, the NOIDA-based contract manufacturer of electronics, said it has entered into a contract with Bangalore-based Molbio Diagnostics to manufacture a disruptive RT-PCR COVID-19 test that can give a major boost to India’s Coronavirus containment efforts. It has entered into a Rs 30 cr deal to manufacture 1,000 Qattros, a viral testing machine that […]
Sun TV Network, which operates television channels such as Sun TV, Udaya TV and Gemini TV, saw a 41% fall its revenue from advertising and other non-subscription sources during the three months from January to March 2020. The company, which owns the Sunrisers Hyderabad IPL team, was hurt by the impact of Coronavirus on the […]
The Uttar Pradesh government has completed the task of bringing back stranded and jobless migrant workers from various places like Mumbai, Delhi and Gujarat, chief minister Yogi Adityanath said today. “The whole country is grateful [for the way in which] decisions were taken by the Prime Minister during the global pandemic, and for the systematic […]
Government of India has today set up a new regulatory agency to encourage and regulate private sector space businesses, hitherto an almost no-go area for private companies in India. This follows the first global use of a privately made rocket to send astronauts to the International Space Station by US authorities in the shape of […]
The Kerala government has requested the central government to restart international flights to Dubai, keeping in mind the Dubai government’s decision to reopen the airport and the requirement of Indians to return to work. “We have requested that flights to Dubai be restarted, given that the authorities there have given permission for residents of Dubai […]
ABB India, the local unit of the Swiss-Swedish machinery and equipment maker, said it does not “anticipate any significant adjustments” due to the impact of the COVID-19 pandemic and the subsequent lock down. “The Company has evaluated the liquidity position, recoverability, carrying value of its assets and does not anticipate any significant adjustments at this stage […]
Kerala Chief Minister Pinarayi Vijayan said that 35,327 people have returned to the state from other countries — mainly the Persian Gulf — in the last month-and-a-half after losing their jobs. They accounted for 50% of the total 71,958 people who have come back to the state in the first 46 days since flights were […]
Tata Power Renewable Energy, a unit of Tata Power, has been awarded a contract to supply solar electricity to Maharashtra State Electricity Distribution Co for a period of 25 years. State and central power utilities award such contracts by conducting a bidding process in which companies are expected to offer their cheapest rate for supplying […]
Reliance Industries, one of India’s biggest conglomerates, said it has become debt free on a net basis, meaning that it now owes less money to its creditors than it stands to receive from its debtors. This, it said, is thanks largely to the Rs 1.16 lakh cr that it has raised for a range of […]
Fortis Healthcare, one of India’s largest healthcare service providers with around 4,000 beds, said occupancy at its hospitals fell to a low of 29% in April from 69% due to the impact of the Coronavirus lockdown. It, however, said that admissions have improved and occupancy levels had recovered to 35% for the month of May. […]
India’s Coronavirus lockdown seems to have led to a sharp increase in demand for televisions sold via online retailers, according to inputs from Dixon Technologies, India’s biggest maker of TVs. Company CEO Atul Lall said that while the demand and sales of other consumer durables dipped during the lockdown, demand for TVs rose. Dixon Technologies, […]
Dixon Technologies, India’s biggest contract manufacturer of electronic items, has lauded the recently announced incentive scheme for mobile manufacturing in India, and said it is already able to sense strong interest from global smartphone manufacturers. From being a consuming state, India has — over the last 10 years — managed to get the majority of […]
Mahindra & Mahindra, one of the top two Indian automakers, said it is nearing the end of a major capital expenditure cycle, and is poised to launch upgraded versions of its sports utility vehicles that will offer unmatched value compared to its rivals’ products. It said it is nearing the end of heavy investments both […]
Hero MotoCorp, the world’s largest two-wheeler maker, said it has cut its estimate for expenditure on capital expenses — such as factory expansion — by half for the current year due to the COVID-19 pandemic. The company had said it would invest Rs 10,000 cr in the next five to seven years for product development, […]
FYI TV18, the most watched ‘lifestyle’ channel in India, will shut down on July 8, TV18 group said, while announcing an increase in the prices of several of its channel packages and the conversion of a free channel into pay. FYI SHUT DOWN The move to shut down FYI TV18 makes the channel the latest […]
Maruti Suzuki has come out with a range of health-related products and car accessories keeping in mind the ongoing COVID-19 pandemic. The most interesting of these is the ‘car cabin separator’, a PVC shield that can be kept behind the front seats to seal off the front and back sections of the car. “The car […]
Prasar Bharti, India’s public broadcaster which operates DD Free Dish satellite TV service, has given five slots on the DTH platform to major private sector broadcasters such as Star India, Sony Pictures Networks, TV18 Broadcast and Zee Entertainment Enterprises. Two slots have been allocated to Zee Entertainment Enterprises, while one each has been allocated to […]
TV Today Network, also known as the India Today group, said it decided to shut down Dilli AajTak, its Delhi-specific news channel, and move some of the staff to the main channel. The decision comes in the wake of a sharp decline in advertising revenues across channels due to the Coronavirus lock-down. The group said […]
Kerala Fiber Optic Network, a high-speed broadband service from Kerala government, will start operations by the end of the year, Chief Minister Pinarayi Vijayan said today. The Rs 1,000 crore project was announced around two years ago with a December 2020 deadline. Vijayan said he has spoken with the consortium of companies that are putting […]
Low-cost carrier SpiceJet said it has received regulatory approval to test drones to deliver e-commerce parcels, medical, pharma and other essential supplies. “Post trials and approvals, SpiceXpress, the dedicated cargo arm of SpiceJet, plans to use drones to provide for a quicker, faster and a cost-effective delivery,” low-cost carrier said. A SpiceXpress-led consortium had submitted […]
