Infosys, the Bangalore-based technology company, announced it would create 1,200 jobs in Australia and open three new ‘innovation hubs’ by 2020. The company said 40% of the jobs will be filled with Australian university graduates from areas like computer science and design. This is part of the company’s efforts to broad-base its workforce by opening […]
Jewelry manufacturer Rajesh Exports said it has won an order for jewelry worth Rs 933 Crores from a UAE-based firm. The order is for its new design jewelry, and will be supplied from its manufacturing facility. It order has to be fulfilled by March. The company had recently introduced new designs in the international markets which […]
Hathway, one of India’s top cable feed providers, said it will launch its Smart Hub, a smart set-top-box that will run Google’s Android operating system, in the market next month. This will make it the second big player to come on-board the Android TV platform, a special version of Android OS that is customized to […]
Maruti Suzuki is on track to see growth of more than 10% this year in the shipment of its highest-selling premium car ever, the Vitara Brezza. In the first seven months of the year, it has sold 95,000 units of mini SUV, or 13,571 units per month. Last year, it had sold an average of […]
Hathway Cable & Datacom, one of India’s largest cable feed providers, said the implementation of a new TRAI tariff scheme for television from next month will empower consumers, even as it will be ‘not so good’ for broadcasting groups that make heavy use of bundling. Bundling refers to the practice by broadcasting companies of making […]
Mahindra & Mahindra Ltd, India’s second biggest SUV maker, said it was raising the price of its latest utility vehicle, Marazzo, by Rs 30,000-40,000 from January 1. The utility vehicle costs Rs 10-14 lakhs ex-showroom in Delhi, and has been one of the most successful UV launches in recent years, not least because of the […]
Zee Keralam, the Malayalam channel from India’s second biggest TV broadcasting company, will launch in exactly ten days on Nov 26, the company has revealed. Zee will compete with Malayalam offerings from Star India, Sun Network and local channels like Flowers and Amrita. The group, which entered the adjoining Telugu and Tamil markets over the […]
Mahindra & Mahindra has taken a leaf out of its commercial vehicle rival Eicher Motors and brought back to life one of India’s most loved motorcycles – the Jawa, also known as Yezdi. It launched two models today — a classic that closely resembles the original Jawa of the 1960s and 70s, and a ’42’ […]
Mahindra & Mahindra, the second largest Indian automaker, today announced the launch of Treo, a range of electric three-wheelers priced at Rs 1.36 lakh onwards with a range of 170 km per charge. Unlike other affordable electric vehicles such as bikes, the Treo uses the costly lithium ion battery to reduce weight and increase its […]
Pharmaceutical manufacturer Lupin said it received approval from the US FDA for launching Decitabine injection for treating conditions caused by defective blood cells, known as myelodysplastic syndromes. Decitabine for Injection, 50 mg/vial, Single-Dose Vial had annual sales of approximately USD 135.9 million in the US. The drug is the generic equivalent of Otsuka Pharmaceutical Co. Ltd.’s […]
Moody’s Investors Service has changed the outlook on Tata Motors Limited’s corporate family rating to ‘negative’ from ‘stable’, a day after it cut its rating on company’s UK unit by one notch. A negative outlook indicates that there is likelihood of a cut in the credit rating. The ratings firm, however, did not cut the […]
Havells India, one of the fastest growing appliances and electrical gear makers in the country, said it will launch a wifi-enabled, temperature-sensitive smart fan next year. Named ‘Enticer Smart’ after its Enticer series, the fan would have smart capabilities, such as automatically adjusting its rotating speed based on the temperature of the room. The fan […]
Bangalore-based IT services company Mindtree has decided to collaborate with Indian Institute of Science Bangalore (IISc), one of India’s top higher education institutes, to design solutions using Artificial Intelligence or AI. It will do so by creating an endowment, Mindtree Associate Professor Chair on Artificial Intelligence, at the institute to encourage research into the application of […]
Indian pharmaceutical manufacturer Lupin said it received regulatory approval to launch a generic version of AstraZeneca’s asthma inhalation medicine. Budesonide Inhalation Suspension is among medium-sized drugs sold in the United States, with annual sales of around $475 million. It is sold by AstraZeneca under the name Pulmicort Respules Inhalation Suspension. The drug is indicated for the […]
Cipla said is US subsidiary has agreed to acquire a US company developing an intravenous formulation of the pain-relief medicine Tramadol for up to $215 million (Rs 1,500 cr). The transaction will be done in two phases, with a $35 million injection into the company, Avenue Therapeutics, in the form of purchase of new shares for […]
Jet Airways managed to sequentially bring down its pretax loss by a smidgen due to its recently started cost cutting measures during the second quarter, and announced further measures to reduce losses. Even as revenue rose sequentially by Rs 170 cr in Jul-Sep quarter, total non-tax expenses rose by only Rs 144 cr, which had […]
Pharma major Lupin said it has launched pneumonia suspension Atovaquone, a generic substitute for Glaxosmithkline’s Mepron oral suspension. The drug, in the dosage of 750 mg per 5 milliliter, had annual sales of approximately USD 119 million in the US. It is indicated for the prevention of Pneumocystis jirovecii pneuomonia (PCP) in adults and adolescents aged […]
Mukesh Ambani, chairman of Reliance Industries group, today said that his company is working on creating a pan-India e-commerce platform that will help small, offline shops compete with players like Amazon and Flipkart. The platform will work by making the inventory of small shops available for purchase online using a sophisticated web and app interface […]
Pharma major Lupin said its Nagpur plant has passed a Pre-Approval Inspection by the US Food and Drug Administration without incident. The inspection, carried out in September, was related to the manufacture of Phenytoin Sodium Extended Release capsules to be sold in the US market. Lupin’s Nagpur facility is the company’s latest site and manufactures Oral Solid Dosage […]
Dish TV said it is looking at bundling its DTH plans with broadband plans from other players. “..that is certainly on the cards looking at partnership with different broadband players that will happen as required,” said Managing Director Jawahar Goel in an interaction with investors after the company’s results announcement for the second quarter. The […]
