India’s state-owned telecom utility Bharat Sanchar Nigam Ltd is likely to report a decline of around 1.66 mln landline phone users in the year-ended March 2018, the highest in its history. During the first ten months of the just-concluded financial year, the company saw a 10.04% fall in its landline telephone users. At this rate, […]
Construction company Capacit’e Infraprojects said it won two orders from Mumbai-based Oberoi Realty Group for a total of Rs 365 cr. The first is for the construction of a residential “rehab and sale tower” at Tardeo in South Mumbai. The order was obtained from group entity Shri Siddhi Avenues LLP and is worth Rs 145.50 […]
Royal Enfield, which makes the iconic ‘Bullet’ retro motorbikes in India, said it will invest Rs 800 cr this financial year to create the second phase of its factory at its Vallam Vadagal site near Chennai. The company, whose products cost upwards of Rs 1.15 lakh, has seen sales of its motorbikes rise rapidly in […]
WhatsApp, the biggest interpersonal text-messaging platform in India, has started rolling out its ‘verified accounts’ feature with IndusInd Bank as one of its first customers. For now, verified accounts are limited to businesses, and will be used to assure customers that they are communicating with the official, and authorized, phone number of a business or […]
Hero MotoCorp said it sold 7.3 lakh motorcycles in March 2017, marking the highest number of monthly sales in its history. The strong performance also helped Hero MotoCorp make another record for the highest ever number of motorcycles sold in a year. The company sold 7.59 million (76 lakh) motorcycles and scooters in a financial […]
Heavy equipment maker Bharat Heavy Electricals Limited said it won a Rs 4,400 cr order from the UP state electricity generation company to set up a 660 MW thermal power plant near Kanpur. The order has been placed on BHEL by Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL). Located at Panki in Kanpur district […]
Reliance Infrastructure said it has won a Rs 441 cr contract to create a new tunnel and 7 km of road on the Mumbai-Goa road, also known as NH-66. It will create a three by three lane twin tunnels of total length 3.44 km and highway with paved shoulders and viaducts for 7.2 Km. The […]
Jet Airways said it will offer discounts of 10-30% on its domestic and overseas flights for four days on the occassion of Easter. The sale started today and will run till April 2. The higher discounts of up to 30% are on international routes. Domestic flights will get up to 10-20% discounts, it said. The […]
Contrary to rumors, Reliance Jio is not giving an automatic extension in Jio prime membership to all its users, but existing members have to ‘express their interest’ through the company’s selfcare application. “Express your interest to get complimentary membership for the next 12 months,” the company said in a ‘how to’ statement for its existing […]
The government of India has set up a “Committee on Phone Frauds” to deal rising instances of theft of money using phone calls and one time passwords. India has seen a sharp increase in the number of ‘phishing calls’ made on phones in recent years for several reasons, including new laws that require people to […]
SALARY AID TO PB Rs cr 22.05.2017 892 27.07.2017 100 23.08.2017 198 22.09.2017 198 31.10.2017 198 01.12.2017 198 22.12.2017 205 28.02.2018 2.75 Budget Allocation Rs 2800 cr Total Released 1991.75 cr Yet to be Released 808.25 cr Data related from the information and broadcasting ministry shows that the government has not made any substantial disbursal […]
Cox & Kings said it subsidiary MEININGER Hotels and investor LGIM Real Assets have signed an agreement for a new hotel in Glasgow. The hotel will be located on West George Street opposite Queen Street Train Station and will offer 160 rooms and 590 beds and is scheduled to open in 2020. This is the […]
Construction major Larsen & Tourbro said it has won a Rs 1,3960-cr contract from the West Bengal government to build a six-lane bridge across river Hooghly on the northern border of Calcutta. The bridge will built at Kalyani, which forms the northern most boundary of Kolkata metropolitan area. It will supplement the existing Iswar Gupta bridge, […]
Pharmaceutical manufacturer Biocon and its partner Mylan received marketing approval for their glargine insulin product Semglee in European Union and Australia, marking the first biosimilar approval for the partnership in Europe. Biosimilars are drugs that mimic or imitate the actions of natural proteins or enzymes in the body, such as insulin. Glargine insulin, which is […]
Two weeks after it announced a deal to supply forgings for six indigenous nuclear plants being set up by the Nuclear Power Corporation of India, construction major Larsen & Toubro reported yet another order related to same plants. This time, L&T’s order is to supply steam generators and shields for the Fatehabad plant. Interestingly, Bharat […]
Financial services firm Credit Suisse said sales of Jiophone, which had begun to lose steam after an initial surge, are now back on track due to the affordable Rs 49 plan launched by Reliance Jio. Jiophone, priced at Rs 1,500, is estimated to be selling at the rate of about 6 mln pieces per month, […]
ICICI Bank said it has priced the initial public offer of its broking arm ICICI Securities at Rs 520 per share. The offer for sale was open to subscription from March 22 to March 26 with a price band of Rs 519 to 520. At Rs 520, the IPO will raise Rs 3,515 cr, the […]
IndusInd Bank and Delhi Metro Rail Corporation (DMRC) launched a hybrid card that works both as a smart card for metro travelers as well as a debit and ATM card. IndusInd Bank customers can use the card as a Delhi Metro Smart Card in addition to all other regular debit card transactions, the bank said. […]
Industrial equipment maker Bharat Heavy Electricals Ltd said it won its biggest ever solar power plant contract to set up a 75 megawatt farm in Gujarat. The order from Gujarat Industries Power Company Limited (GIPCL) was won against “stiff competitive bidding,” the company said. BHEL has the lion’s share of the power equipment market in […]
Newly launched telecom operator Reliance Jio has overtaken market leader Bharti Airtel as the company with the largest telecom network in India. As of March 1, Reliance Jio had 4.48 lakh telecom base stations (towers) in India, compared to 4.31 lakh base stations for Bharti Airtel. At the same time, Idea Cellular had 2.79 lakh […]
