Post production services company Prime Focus Limited said it will raise Rs 330 cr by selling warrants, mostly to its promoter group. The company would issue 31 mln warrants, taking the total diluted equity base of the company to 330 mln from 299 mln. The warrants are being issued at Rs 106 each compared to […]
Jaguar Land Rover said its retail sales in November rose 10% on year to 52,332 vehicles, driven primarily by the introduction of the new Land Rover Discovery and the Range Rover Velar. Out of these, Jaguar sales were 13,688 vehicles, down 6.3% compared to the same month last year. Land Rover retailed 38,644 vehicles in […]
The Government of India has assured the Supreme Court that it will issue a notification to extend the deadline to link essential services, except mobile connections, to Aadhaar to March 31 from December 31. The assurance was given by the Attorney General in the Supreme Court today. The notification is likely to be issued as […]
Construction major Larsen & Toubro said its hydrocarbon subsidiary won an order worth over Rs 1,600 cr from Hindustan Petroleum Corporation Ltd for its Visakhapatnam Refinery. The project involves Engineering, Procurement, Construction and Commissioning of 3 million tonne per year Full Conversion Hydrocracker Project. The order was awarded L&T Hydrocarbon Engineering Limited, a wholly owned […]
DD Free Dish has become the second free DTH service to offer a free HD channel on its platform after ABS Free Dish. ABS has been transmitting an HD channel — Trace Sports — for over a year. The channel can be viewed by anyone with an MPEG4 Ku band satellite receiver. Now, Doordarshan’s DTH […]
Bharti Airtel has unveiled two new publicly available 4G plans with 2 GB and 3 GB of data allocation per day, along with free voice and SMS benefits. These plans are unique as currently no other operator offers 2GB or 3G per day at these price levels. Airtel has priced its 3 GB per day […]
An official inquiry by the Haryana government has found the Gurgaon Fortis hospital guilty of overcharging and several other violations of law, media outlets reported. Quoting the official copy of the report, Mirror Now said that the inquiry committee found the hospital guilty of negligence, lapses, unethical and unlawful acts on the part of the team […]
Continuing with its tie-ups with hardware brands, Bharti Airtel announced three more ‘cash back’ models from Intex, including one with 2GB of RAM. The cheapest will be the Intex Aqua LIONS N1, priced at Rs 3,149 and eligible for for a cash back of Rs 1,500 over a period of three years. The effective price […]
TVS Motor Company has, for the first time, entered the premium motorcycle category with its Apache RR 310 motorcycle, but pricing details are not yet revealed. “The motorcycle marks TVS Motor Company’s entry into the super-premium segment, both in domestic and international markets,” the company said. The premium motorcycle category is currently dominated by Royal […]
Reliance Infrastructure Limited said it won two constructiong contracts in Bangladesh together valued at Rs. 5,000 crore. The contracts arer for creating a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka) while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia […]
Reliance Communications said the liquidation case filed by Fortuna Public Relations Private Limited against it is “misconceived, premature and motivated by extraneous considerations.” Media reports had sprung up saying that Fortuna PR had filed for liquidation of RCom to recover its dues. However, said RCom, the total bill that has been submitted by the PR […]
Radio Jockey Sooraj of 98.6 FM, a Malayalam Radio station in Qatar, has announced that he is stepping down from his role at the station following a social media outcry over his comments supporting three Muslim girls who danced publicly at an AIDS awareness function in Kerala. Following the usual style of his Facebook videos, […]
German equipment maker Siemens has signed up IT services provider HCL Technologies to develop and expand its Internet-of-Things platform MindSphere. Mindsphere is Siemens’ cloud–based open Internet of Things (IoT) operating system, and includes technology, applications, connectivity, system integration and go-to-market strategies. Siemens is keen on developing the package as a standard for industrial equipment to […]
Google India today launched a lighter version of Android operating system that it said will work on devices with as little as 512 MB of RAM, and also unveiled a Google Assistant version that runs on Reliance Jio semi-smartphones. LOW END PHONES Google announced a new version of its Android operating system called AndroidGo, tailored […]
Ramco Systems said it won a deal to provide HR software to manage over 3,000 employees of Malaysia-based Ranhill Holdings Berhad in five entities. Financial details were not revealed. The Indian company said it “beat local and international vendors to secure the deal.” Ranhill Holdings is a Malaysian conglomerate with interest in the environment and […]
Network solutions provider Tejas Networks said it completed the execution of a high capacity national optical backbone network in Bangladesh that will “significantly boost” Internet speeds in Bangladesh. The contract was completed in partnership with Telephone Shilpa Sangstha of Bangladesh for the Bangladesh Submarine Cable Company to connect all of the country to the SMW-5 […]
Anil Ambani Group-controlled Reliance Power said Asian Development Bank has approved debt financing and partial risk guarantees totaling $583 million to the company’s Bangladesh LNG and Power Project. “ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately […]
Bollywood actor Shashi Kapoor has passed away. He was 79 years old, and was the youngest son of Raj Kapoor, the tallest actor of early Indian cinema. Kapoor has been keeping unwell for several years. The actor died in the Kokilaben hospital in Mumbai today. He was undergoing a routine dialysis. The news was confirmed […]
Zensar Technologies, the IT services company from the RPG Group, said its chief financial officer Manoj Jaiswal resigned with immediate effect. “He will be relieved from his duties with effect from the closing of business hours on Dec 4,” the company said. It was not clear why the CFO resigned abruptly. Zensar Technologies also said […]
Pharma company Eris LifeSciences said it has completed its purchase of the India branded generics of Strides Shasun for Rs 500 cr in cash. “We now wish to confirm that the transaction ahs achieved closure,” said Eris Lifesciences. Last month, Strides Shasun said it was selling the India branded business as part of its portfolio […]
