Anil Ambani-led Reliance Communications said it is confident of completing the sale of the assets related to its mobile network to Reliance Jio on time. The company’s statement was in the context of the Supreme Court refusing to give any urgent relief on the stay imposed on the asset sale by the National Company Law […]
Dish TV India said it has completed the legal process of merging itself with rival Videocon D2h. Dish TV said it has filed all required documents with the Registrar of Companies, Mumbai, Maharashtra today. With this, it said, “the companies have completed all the steps pursuant to the aforementioned scheme read with NCLT Order and […]
A new report by Anarock Consultants says that sales of residential real estate units, mostly apartments, fell 15% in 2017 to about 2.05 lakh in India’s top seven cities. The report also showed that Banglaore has for the first time overtaken the National Capital Region as the second biggest real estate market in India in 2017. […]
Suven Life Sciences Ltd said it was granted one patent each from Norway, South Korea and Singapore for drugs for the treatment of neurodegenerative diseases. The company said the patents relate to selective 5-HT 6 and 5HT 4 compounds, which are being developed as therapeutic agents for major depressive disorders and for the treatment of […]
Aurionpro Solutions said it has won a Rs 180 cr order from the Rajasthan government to create a 3D model of Jaipur city as part of converting the state capital into a smart city. The company said will play the role of a systems integrator and use Dassault Systèmes’ 3DEXPERIENCE software to create the model. […]
Around 82.5% of the landowners at the site of the upcoming Jaitapur Nuclear Power Plant in Maharashtra have agreed to receive compensation under the project, the ministry of atomic energy said today. Out of 2,236 people whose land needs to be acquired for the mega project, 1,844 have accepted the compensation and 1,820 have received […]
Reliance Communications said it had received the nod of the majority of its bondholders to its plans for selling most of its mobile network assets to Reliance Jio, and disclosed further details of its restructuring plan. “Noteholders holding in aggregate 44% of the principal amount of outstanding Notes were present or represented at the Adjourned […]
Textile and garments maker Arvind Ltd said it set up a joint venture with global auto-seat specialist Adient to manufacture automotive seat fabrics in India. Adient Arvind Automotive Fabrics will be based in Ahmedabad, India, and will supply materials both to Indian and foreign customers of Adient. “The joint venture will benefit from synergies between […]
Alembic Pharmaceuticals said it has been issued with a Form 483 by the US Food and Drug Administration after the drug regulator conducted a routine inspection of its formulations facility in Panelav in Gujarat. Form 483 is issued to firm management at the conclusion of an inspection when an investigators observes conditions that in their […]
Defence minister Nirmala Sitharaman said India’s deal to acquire 36 Rafale jets was inked with the government of France, and that the deal does not require the French supplier to partner with Anil Ambani-led Reliance Defence. Sitharaman was answering a question raised by Congress MP Sanjay Singh about whether Dassault Aviation entered into a joint […]
Kotak Mahindra Bank said its customer base increased by 50% in nine months after it launched a mobile app to facilitate quick opening of bank accounts using Aadhaar. The company launched an app called 811 on March 29, 2017, three months after the Reserve Bank of India allowed banks to establish their customer’s identity by […]
Star India, which recently won the rights to the Indian Premier League by offering to pay a whopping Rs 16,348 cr over five years, has issued a disconnection notice to Videocon D2h DTH service. This follows a similar warning issued to users of Tata Sky and Airtel Digital — India’s biggest TV content distributors by […]
Dhanlaxmi Bank said it will raise Rs 150 cr by issuing non-convertible, 7-year bonds. The bonds will carry interest of 11% paid every six months. The debentures, of face value Rs 10 lakhs each, will be sold on a private placement basis. The notes will be of subordinated Tier-LI status, the private bank added. Dhanalakshmi […]
Tata Power, which supplies power to much of Mumbai, is offering a 50% subsidy to its customers who want to buy a BLDC or ultra-low power fan. Instead of Rs 3,500 per unit, customers will be able to get four units of the fan at Rs 1,750 each, making the remote-controlled ‘smart fans’ cheaper than […]
The central government has abandoned its plans to set up a national skills university as well as a draft bill that was prepared for this purpose, the ministry of development and entrepreneurship said. Development of vocation skills, such as carpentry, electrician and catering and so on, was one of the key areas of emphasis for […]
Suzlon Group, one of pioneers in India’s wind energy sector, said it has won construction orders for two wind energy farms in Kutch region of Gujarat, totaling 500 MW of capacity. Suzlon will execute both the projects on a turnkey basis and will also provide operation and maintenance services, the company said. The bids were […]
Radio Mirchi, the FM radio brand from the Times of India group, will soon launch in the Middle Eastern kingdom of Bahrain. Entertainment Network (India) Limited or ENIL, the entity that is in charge of the group’s radio operations, said it has signed an agreement to license its brand and content to Dubai-based Adline Media […]
Students of the National Institute of Fashion Technology’s campus in Kannur held a public demonstration and rally to protest what they said were increasing cases of sexual harassment against girl students. Protesters took out a rally through Kannur town to question police inaction over rising cases of attacks on female NIFT students by gangs of […]
Larsen & Toubro said it signed a major contract worth ₹2,864 cr with the Dedicated Freight Corridor Corporation of India to construct a railway line. The order involves construction of 222 Route Km of a single-track corridor from Khurja to Pilkhani in Uttar Pradesh. This project will be funded by World Bank (WB) and is […]
Yes Bank said it will lend Rs 750 cr to Mahindra Renewables Pvt. Ltd., part of the Mahindra Group, for constructing a 250 megawatt solar farm in the solar park at Rewa in Madhya Pradesh. The project has raised another Rs 200 cr from other financial institutions and achieved financial closure, the bank added. The […]
