Low-cost carrier SpiceJet announced four new daily flights connecting Kerala capital Thiruvananthapuram with Male and Chennai, and announced promotional fares on the routes. Under the promotional scheme, the 12:30 PM Thiruvananthapuram-Male flight is priced at Rs 5,539 and the return flight, starting at 2:45 PM, is priced at Rs 7,091. Similarly, the flight to Chennai, […]
Hathway Cable and Datacom, one of India’s biggest cable feed providers, has again turned profitable, but it also reported an increase of Rs 87 mn in its pay channel costs while subscription revenue increased by only Rs 37 mn. Given that subscription revenue increased only 1% while pay channel costs increased 7%, it is likely […]
TV18 Broadcast, which operates channels like Colors and News18, has reported a dip of Rs 71 cr in its revenue after a shift from free to pay for some of its entertainment channels and a soft economy hurt advertising sales. “Macro-weakness and shift of channels from DD Freedish to Pay ecosystem continues to drag ad-revenues […]
Reliance Jio Infocomm, India’s largest telecom operator, said it tied up with Korea-based Samsung Electronics to demonstrate 5G technology at India Mobile Congress (IMC) 2019, even as rivals Bharti Airtel and Vodafone Idea have sought DoT nod to demo with China-based Huawei. The choice of vendors could turn out to be more crucial in coming […]
Den Networks, one of India’s top cable feed providers, reported better profit margins for the three months ended September after it was able to keep a lid on payments made to broadcasters like Star, Zee and Sony. The company has been seeing a lot of volatility and uncertainty over its margins and financial performance after […]
Three candidates in the upcoming state elections in Haryana — all belonging to the ruling BJP — have declared total income of Rs 1 lakh per day or more, according to an analysis of income tax filings by Haryana Election Watch and Association for Democratic Reforms. Total income, in this context, includes the income of […]
In a big boost to Indian space technology and ISRO, Qualcomm, the world’s biggest independent provider of cellphone processors, has agreed to support Indian Regional Navigation Satellite System (IRNSS) on some of its chipsets. The move will help these mobile phones use IRNSS-NavIC for pinpointing their location. This will be in addition to the current […]
Pharmaceuticals manufacturer Morepen Laboratories Ltd said it is ready to start manufacturing and selling three multi-billion dollar drugs, two of which are set to go off-patent in December this year. The current global market size for Rivaroxaban, a powerful anticoagulant (blood thinner), is $7.19 billion (Rs. 51,000 cores). It is the 10th largest selling drug […]
New jobs posted on Naukri.com, India’s largest recruitment website, showed an increase of 8% in September compared to the same month last year. However, the headline number was boosted by strong demand for IT and BPO professionals, even as other sectors showed weakness. The biggest declines were shown in the automobile sector, which saw 20% […]
A woman from Kerala has been booked for assault after she complained of ill-treatment by a security guard at a private hospital in Aluva, Kerala. Arya, who hails from Payyannur in North Kerala and works in Kalamassery, was booked for assault after CCTV footage of her altercation with a security guard revealed that it was […]
US Secretary of Commerce Wilbur Ross today said that e-commerce giant Amazon, one of the biggest foreign investors in India, had scaled down its plans for investments in this country after the government came up with new, protectionist and restrictive ecommerce rules. In what was seen as a nasty blow to the likes of Walmart […]
Telecomms provider Bharti Airtel today said that it has been chosen as the strategic Network Solution Partner by Faridabad Smart City Limited (FSCL) to help set up a high-capacity network in Delhi’s satellite town of Faridabad. Airtel, which has its global headquarters not far from Faridabad, will provide “a range of connectivity solutions to build […]
Pharmaceuticals maker Lupin has appointed a new head of quality for the company, as it strives to remain compliant with international safety and manufacturing norms throughout its vast manufacturing base across the world. Johnny Mikell, the new global head of quality, comes from a similar role at Canada-based pharmaceutical manufacturer Apotex, and has 35 years […]
NTPC Ltd, formerly known as National Thermal Power Corporation, took another step in its journey towards reducing its dependence on coal-fired plants by signing an agreement to develop two hydropower stations with a combined capacity of 520 MW. The two projects, for which NTPC has signed agreements with the Himachal Pradesh government, can be classified […]
Sterlite Technologies Ltd said it has acquired UK-based Impact Data Solutions Group at an enterprise value of around 12 million British pounds (Rs 105 cr). Enterprise value includes non-cash costs assumed by the company, including the takeover of any debt that the target company has. The exact cash payout was not revealed, nor was the […]
The size of apartments on sale in India are shrinking like never before, mostly due to a new affordable housing subsidy scheme announced by the government in early 2017. Under this credit subvention scheme, the government will today pay up to Rs 3.5 lakhs to banks on behalf of anyone who takes a home loan […]
Directors of diagnostic chain Thyrocare today said no to founder and chairman Arokiaswamy Velumani’s offer to buy out its latest venture aimed at democratising access to cancer diagnostic services. At present, cancer screening and diagnostic services are extremely expensive, and Velumani — the son of a landless farmer — has been working for some time […]
Thomas Cook India today clarified that the financial troubles of its former, UK-based parent, Thomas Cook Group Plc, will have zero impact on the Indian company as the former parent has sold off its entire stake in the Indian unit seven years ago. Thomas Cook Group, founded in 1841 in Britain, sold its 77% stake […]
Even as Vodafone Idea announce big initiatives to expand their network and increase 4G speeds, new data released by telecom regulator TRAI shows that the telco has been left far, far behind by rivals Bharti Airtel and Reliance Jio in 4G expansion over the last one year. While both Bharti Airtel and Vodafone Idea started […]
United Bank of India said its board of directors has approved in principle a plan to raise ‘up to Rs 3,000’ cr via a preferential sales of shares ahead of its merger with two other banks. A preferential sale of shares, as distinct from a private placement, is a quicker form of selling shares to […]
