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 […]
Pharma major Cipla dismissed concerns about adverse observations by the US Food and Drug Administration on one of its manufacturing plants in Goa. The Goa plant is one of the company’s largest manufacturing locations for exports, and the observations could affect the company’s trade with the US, media reports had said. The company’s stock fell […]
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 […]
4G operator Bharti Airtel was clearly ahead of market leader Reliance Jio and challenger Idea Cellular in on-the-ground 4G speed tests conducted by the Telecom Regulatory Authority of India in ten cities in India this year. According to the data from these tests, Bharti Airtel scored an average download speed of 9.46 Mbps, 44% faster […]
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 […]
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 […]
Godrej Properties Ltd said Godrej Fund Management will invest into its ‘Godrej Two’ commercial building project in Vikhroli. Godrej Fund Management was set up by the real estate company three years ago primarily with the purpose of raising funds for its real estate projects. It is currently a separate and distinct entity. Financial details, such […]
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 […]
Bharti Airtel, India’s largest telecom services provider, today unveiled its installment schemes for the new Samsung Galaxy S9 and S9 Plus that can save you anywhere from Rs 8,000 to Rs 11,000 over a two-year period. The plans are similar to what it has rolled out for the Apple iPhone, and offer value for those […]
Users of DD Free Dish, the public broadcaster’s free DTH service, have been left in the lurch after the government put a stop to the expansion of channels on the network. DD Free Dish was supposed have increased its channels to 250 by the end of the 12th plan period (March 2018). Instead, a stay […]
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 […]
Edelweiss Financial Services Ltd said it abandoned the deal to acquire the securities business of Religare Enterprises, including the company’s securities and commodities broking and depository participant services. “Due to the seller’s inability to obtain the requisite clearances within the agreed timeline, the binding agreement has come to an end on March 15, 2018,” Edelweiss […]
Dilip Buildcon Limited, one of India’s largest road construction companies, said it has qualified as the lowest bidder for yet another highway project, worth Rs 1,004 cr. The Hybrid Annuity Project from the National Highways Authority of India is to upgrade a 15 km stretch of NH 75E in Madhya Pradesh. The company will construct […]
Bangalore-based real estate player Puravankara Ltd said it will invest Rs 500 cr to develop a 32 acre project near Dabolim in Central Goa. The company expects to generate sales of close to Rs 1,000 cr over the next five years from the project, Puravankara said, adding that the construction contract has already been awarded […]
SpiceJet, which had initially refused to shift its Delhi airport operations from Terminal 1 to Terminal 2, said it will shift 22 flights to T2 from 25 March. These are the flights to Cochin, Ahmedabad, Patna, Pune, Goa, Surat, and Gorakhpur. It said all the flights to and from T2 will have flight numbers starting […]
Trademark filings have given a peek into dozens of upcoming channels planned by broadcasting companies such as Star India, Zee Entertainment and Sun TV. According to trademark filing data made available by Quickcompany.in, Zee Entertainment is planning to launch around a dozen new channels, while Star India is planning around ten new launches and Sun […]
Suzlon Energy, one of the pioneers of wind power in India, said it has finished commissioning its entire solar order book of 340 megawatt, and will focus on hybrid solar-wind projects going forward. Out of the 340 MW erected, 210 MW was erected in Telangana, 60 MW in Rajasthan and 70 MW in Maharashtra. The […]
TVS Motor Co has unveiled the specifications of the new 2018 version of TVS Apache RTR 160 4V, its highest selling bike in the premium RTR series. As expected, the primary changes are in the looks and in the engine. In terms of looks, the bike is arguably the most stylish in the 160cc class. […]
Construction major Larsen & Toubro reported new orders worth more than ₹1600 cr from the hydrocarbon segment. The Onshore Projects business of the company’s hydrocarbon unit secured a contract for the design, supply, and construction of a large LNG Tank facility in the east coast of India. The business also secured additional work from existing […]
