The Telecom Regulatory Authority of India is in the process of enforcing a new tariff scheme for cable and DTH networks in India. The system was supposed to ensure greater consumer choice by making channels available at cheap rates and ridding the networks of junk channels. The new tariff scheme — aimed at dismantling ‘bundling’ […]
Pharma major Lupin said it got approval from the US Food & Drug administration to sell a generic equivalent to Biogen’s big-selling multiple sclerosis drug Tecfidera. Tecfidera has annual sales of $3.55 billion in the US, making it one of the biggest drugs in the market. The generic form of the drug is called Dimethyl Fumarate Delayed […]
Jain Irrigation said it won a Rs 584 cr order to set up an integrated micro irrigation project in Karnataka. The Singatalur Lift irrigation project is being implemented for irrigating drought prone areas of Huvinahadagali Taluk of Bellary district, Gadag and Mundargi taluks of Gadag district, Koppal and Yelaburga taluks of Koppal District Karnataka. Jain […]
Subscribers of Direct-to-Home satellite services on all existing plans, including long-duration packs, will be migrated to schemes compliant with TRAI’s tariff order on TV channels from 29 Dec, according to Dish TV, India’s biggest DTH operator. The company said the TRAI rules are applicable to all customers and there is no exemption for any category, […]
Consumers can expect to see a sharp fall in channel prices in days ahead, going by the trend revealed by Discovery Communications, one of the first broadcasters to publish channel prices under TRAI’s new tariff order. TRAI has mandated a new tariff structure for cable and DTH sectors in India under which they have to […]
The Tata Motors said global wholesales for the group for the month of November 2018, including Jaguar Land Rover, fell 7% on year to 104,964. Within this, commercial vehicle numbers fell by 6% and passenger vehicle numbers by 7%. Total CV wholesales, including Tata Daewoo, were at 38,535 nos. Passenger vehicles sales were at 66,429, […]
With rising fuel prices, sales of CNG models are on track to jump 54% this year at India’s biggest car maker, Maruti Suzuki. The company has sold 7.66 lakh units of CNG vehicles in the first eight months of the year, more than the 7.46 lakh vehicles sold in the whole of last year. At […]
Alembic Pharmaceuticals Ltd today announced that the company has received approval from the US Food & Drug Administration (USFDA) to sell a generic alternative to Novartis Pharmaceuticals’ allergic conjunctivitis treatment Patanol Ophthalmic Solution. This is first ophthalmic dosage form approval for Alembic pharmaceuticals Limited. The drug, olopatadine hydrochloride ophthalmic solution, has an estimated market size […]
Jaguar Land Rover reported an 8% decline in its November retail sales, reflecting what the premium auto-maker called “continuing challenging market conditions in China”. Sales in China were down 50.7% as “market conditions remain difficult with continuing consumer uncertainty following tariff changes and trade concerns.” The company said it was “focused on taking all the […]
Larsen & Toubro said its power transmission & distribution business received additional orders of Rs 2,547 crore. The period over which the orders were received were not disclosed, but the company typically updates investors of new orders every few weeks. The orders include both international as well as Indian contracts. The value of the individual […]
Eveready Industries, one of India’s largest battery makers, said it has signed an agreement to sell its plot on Tiruvottiyur Road in Chennai to local real estate developer Olympia Group for Rs 100 cr. The agreement, said the battery maker, was executed yesterday with Olympia Group firm Alwarpet Properties Private Limited. Mr. Ajit Chordia, MD of […]
ECL Finance Ltd, the NBFC arm of Edelweiss Group, said it plans to raise up to Rs 1,000 cr in the form of non-convertible debentures, a form of debt. The non-convertible debentures have a face value of Rs. 1,000 each, and the company could raise anywhere between Rs 250 cr or Rs. 1,000 cr, depending […]
Maruti Suzuki, India’s largest car maker, said it will increase car prices next month due to increased costs. “Over the past year, the cost of company’s vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates, etc. “Hence, it has become imperative for the Company to pass on some impact […]
Alembic Pharmaceuticals said it has received approval from the US Food & Drug Administration (USFDA) to sell a generic version of ANI Pharmaceuticals’ hypertension drug Atacand Tablets. Atacand had an estimated market size of US$ 22 million for twelve months ending December 2017 in the US for the three dosages for which approval has been received […]
Cox & Kings said its hotel subsidiary, Meininger, has signed “an agreement for a hotel in Reykjavik”, the capital of Iceland in Europe. The company did not clarify who will own the property, but it is likely that ownership will be with a third party, with Meininger managing the hotel. Meininger is a subsidiary of […]
Mahindra First Choice Services, the servicing arm of Mahindra & Mahindra, said it has agreed to acquire the assets of bankrupt auto-service chain Carnation Auto (India). The company did not disclose the exact number of service centers that will accrue through the deal, but said the acquisition will “add significantly” to its current network of […]
TVS Motor Co emerged as a strong performer in November, with a 28% jump in domestic two-wheeler sales volumes. This was far higher than the 0.8% jump shown by market leader Hero MotoCorp. TVS’ two-wheeler exports too jumped 24% during the month, taking the overall two-wheeler sales growth to 26% for the month of November. […]
HCL Technologies has been picked as the services partner for Broadcom’s enterprise software products, one of the two primary business units of CA Technologies, a software and solutions company that the chipmaker acquired earlier this year for $19 billion. HCL Tech will also take over some of the former employees of CA Technologies. “Effective immediately, HCL […]
Bajaj Auto reported a 45% jump in two-wheeler sales in India in November, while overall sales of two-wheelers and three-wheelers, including exports, were up 25%. India two-wheeler sales jumped to 2.05 lakh in November from 1.42 lakh last year. However, compared to October, sales were down from 2.82 lakh. Nevertheless, the performance is better than […]
Hero MotoCorp reported only a modest increase in November sales, after two months of record-setting performance. Overall two-wheeler sales came in at 6.10 lakhs in November, up from 6.05 lakh in the same month last year. In percentage terms, the increase is less than 1% (0.8% to be precise), despite it being a festival month. Compared […]
