Mumbai’s Viviana Mall installs India’s largest rooftop solar plant

Viviana Mall in Mumbai has installed one of the largest single-site solar plants in India. The mall, located in Thane, has constructed a 900,000 volt-ampere rooftop solar power plant, which the company said was the biggest in India. 900,000 volt-ampere refers to the peak capacity of the power plant. It implies that at full power […]

Cipla redraws Iran plans with new agreement, to invest Rs 121 cr

Cipla said its wholly owned subsidiary of the Company in Netherlands will set up a 75% joint venture with Ahran Tejarat Company for manufacturing and marketing of pharmaceutical products in Iran. An earlier agreement executed by the Company with the Iranian firm has been terminated. The total investment will be euro 16.875 million, which comes […]

Domino’s Pizza starts cashless facility for phone orders

Domino’s Pizza has started cashless payment facility for those who order by phone as well. “Post demonetization, we have seen many customers choosing to order online. Consumers coming to our restaurants to dine in or carry out are able to pay With Credit caras or Wassets. However, there are many customers who still order with […]

Industry welcomes move to include made-ups in apparel package

The industry has welcomed the move by the government led by Narendra Modi to extend support to the made-ups export industry and said it would help the sector break out of its current slump. The cabinet had yesterday included the made-ups sector in the Rs 6,000-cr apparel package unveiled in June this year. Made-ups include […]

Petrol Pumps, Airlines Will Not Take Old Notes From Saturday | DEMONETIZATION

Old notes will no longer be accepted at petrol pumps and airline ticket counters starting from Saturday, according to sources. So far, petrol pumps and airlines had been given an exemption from demonetization of 500 and 1000 rupee notes. However, in an effort to control the widespread ‘whitening’ of black money, the government is gearing […]

Fitch revises US growth estimates on Trump election, says protectionism to rise

The surge in populism and anti-establishment sentiment witnessed in the Brexit vote and Donald Trump’s victory in the US presidential election seem likely to push structural policies in the direction of economic nationalism, said Fitch Ratings in its latest global economic outlook (GEO). This will result in a reduction in trade openness and international labour […]

Good time to buy Indian stocks – Morgan Stanley

Global financial services major Morgan Stanley said India seemed poised for a five-year growth cycle for equities due to favorable macro-economic factors. “India’s macro stability remains in its best shape in several years and policy momentum is the best since 2007. Financial conditions look easy and the inflation trajectory suggests more rate cuts are in […]

Muthoot Group offers online Will generation facility under tie-up with WillJini

The Muthoot Group said its broking and wealth management division, Muthoot Securities Limited, launched iWill — a service which offers online will writing in just 30 minutes. Muthoot Securities has launched this product in association with WillJini Succession Services Private Limited. “iWill enables customers using a smart phone to make a will online in just […]

Mukta Arts opens premium design school in India with ECV France

Mukta Arts said its subsidiary Whistling Woods International Ltd has opened its 8th school — Whistling Woods International School of Design — in association with ECV, a design school in France. The École de communication visuelle or ECV is a French private design school. The India school offers a Bachelor’s degree in visual communication and design, […]

Bliss GVS Healthcare wins three-year contract worth Rs 760 cr from Kenya

Bliss GVS Healthcare Ltd said it won a three year contract worth $111.40 mln (Rs 760 cr) from Aon Kenya Insurance Brokers Ltd for provision of medical health care services in Kenya.   Bliss GVS Pharma Ltd is a pharmaceutical company based in Mumbai, India. Bliss GVS primarily develops, manufactures and markets products across various […]

Mahindra opens spare parts warehouse in Mahindra World City, Jaipur

Mahindra & Mahindra Ltd said it opened a spare parts warehouse in Mahindra World City, Jaipur. “It is one of the largest warehouses in the country and the company’s first in northern India, it will cater to the requirement of Mahindra customers in north and north western region of the country for both automotive and […]

Cyberinc to launch malware isolation product in India

Cyberinc, an Aurionpro solutions company, said it will launch a malware isolation product ‘Isla’ in India on December 1st. “Cyberinc’s Isla web malware isolation system protects organizations from the most advanced web borne threats by isolating all web content outside the network perimeter,” said the company. “This approach will help eliminate the risk of drive-by-downloads, […]

Alembic Pharmaceuticals receives FDA approval for hypertension tablets

Alembic Pharmaceuticals Ltd said it received approval from the United States Food & Drug Administration for its abbreviated new drug application for Telmisartan and Amlodipine tablets for hypertension. The Telmisartan and Amlodipine Tablets are equivalent to the Twynsta tablets of Boehringer Ingelheim Pharmaceuticals, Inc. An Abbreviated New Drug Application (ANDA) is an application for a […]

Delhi Pollution Control Board extends shutdown of NTPC Badarpur plant till January

NTPC Ltd said the Delhi Pollution Control Committee has given directions to keep all its units in Badarpur Thermal Power Station closed till January 31, 2017. The reason for the committees direction has not been disclosed by NTPC. However, the reason is likely to be concerns around poor air quality in Delhi. The plant was […]

Infosys invests Rs 14.5 cr in Danish artificial intelligence startup UNSILO

Technology services provider Infosys said it made an investment of 14.92 mln Danish kroners in Danish startup UNSILO from its innovation fund. UNSILO is a Danish artificial intelligence startup founded in 2012 and focus on advanced text analysis. It uses a combination of machine-learning and natural language processing to analyze large quantities of text and […]

Ramco Systems wins Rs 53 cr contract from German logistics company

Ramco Systems Ltd. said it secured a 7.3 million euro order from Schenker AG for implementing its Ramco HCM & Payroll software. Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company. DB Logistics offers land, sea, and air transport and contract logistics. Rail transport within DB Logistics […]