HCC wins Rs 368 cr railway tunnel project in Manipur

Hindustan Construction Company said it has won a Rs 368 crore contract from the Northeast Frontier Railway to Construct a safety tunnel between Tupul and Imphal in Manipur state in joint venture with Vaishno Cement Company Limited. This is part of the new railway line project being constructed between Jiribam and Imphal of Northeast Frontier […]

US Govt agency to help disburse loans to Indian SMEs

RBL Bank and NeoGrowth Credit Pvt will provide loans to small and medium enterprises in the Indian retail segment that are excluded from mainstream funding and financing with the help of a US government agency. The funding will be backed by the Overseas Private Investment Corporation (OPIC) — a US Government organization that mobilizes private […]

TechProcess to enable e-payment for Muthoot Finance loans

Muthoot Finance, one of India’s largest gold finance company said it has partnered with a Indian electronic payments company TechProcess Payment Services whereby their customers will be able to repay EMI’s through a digital platform. The platform powered by powered by TechProcess will further enable Muthoot Finance to streamline its loan collection process and also […]

Cadila to launch immunosuppressant drug in India

Cadila Healthcare, a Ahmedabad headquartered pharmaceutical company owned by Zydus Group, said it has partnered with Switzerland-based global biopharmaceutical company Neovii to launch an drug to reduce the strength of the body’s immune system in India. The drug named Grafalon is extensively used in solid organ transplants and stem cell transplant, said the company. The […]

Intex enters mobile wallet business in tie-up with Tata Teleservices

Intex Technologies, one of the leading Indian handset player said it has partnered with Tata Teleservices subsidiary mRUPEE to launch their first ever mobile wallet. The mobile wallet, named ‘Intex MyWallet’, will include quick integrated payment functionalities and conveniences within the device related to recharge, money transfer, shopping, booking train, movie bus tickets and much […]

Thomas Cook tries the ‘mini’ approach to keep costs low in Tier 3 cities

Thomas Cook, one of leading travel consultants, said it has launched an outlet in Rudrapur city in Uttarkhand under its new Mini format. The Rudrapur outlet has been designed optimising space and will be manned by a two member team, equipped with technology via mobile devices for seamless online connectivity to central systems thereby facilitating […]

L&T partners with Microsoft to set up “Green Campuses”

L&T Technology Services, the information technology company of the L&T group, said it has partnered with Microsoft Corporation to offer a solution to lower energy bills and cost of maintenance. L&T Technology Service’s Integrated Building Energy Management Systems (iBEMS) framework will be available on Microsoft’s Azure cloud platform enabling enterprises to deploy and manage energy […]

Reliance Infra sells 100% stake in transmission business to Adani Group

Reliance Infrastructure Limited today said it agreed to sell all itstransmission assets to Adani Transmission Limited, the largest private power transmission company operating in India. This acquisition is expected to be completed in current financial year. The entire sale proceeds shall be utilized for debt reduction, said the company. The transaction is in line with the strategic […]

Premier Explosives secures Rs 27 crore order from Bharat Dynamics Limited

Premier Explosives, a Hyderabad based commercial explosives manufacturer, said it has won a Rs 27.7 crore order from Bharat Dynamics Limited for the supply of booster grains. The order will be delivered by end of June next year, said the company. Booster grains are used as solid fuel for missiles. Premier had delivered the 1,000th […]

Hexaware Technologies opens new operations center in Bucharest

Hexaware Technologies Limited, a BPO and Digital services provider, said it has expanded its delivery presence in the European region by opening of its latest Global Delivery Centre in Bucharest, Romania. The Bucharest Global Delivery centre is situated in a prime location and in close proximity to several key clients within the European region, said […]

ABB to install 600 KW solar energy in its Vadodara facility

ABB, a power and automation technology company, today said it will install a 600 KW fully integrated and standardized microgrid solar energy at its Vadodara facility in Gujarat to help boost renewable energy generation while reducing dependency on fossil fuel. This microgrid with a rooftop photo voltaic field at the company’s biggest manufacturing location in […]

SKODA launches app with spare part prices, service charges for its cars

ŠKODA Auto India, a Volkwagen Group company said it has launched a mobile application for its customers. The App, named ‘MyŠKODA’, connects ŠKODA Owners with ŠKODA India’s digital ecosystem and provides access to the entire service history of their vehicle. It also lets the customers to know the cost of various parts and also estimate the cost […]