India’s Times Group, or BCCL, has made a partial return to the streaming TV platform run by India’s largest telecom operator, Jio TV, by restarting the transmission of its news channels via the app. It was in August 2020 that BCCL had pulled all its channels, including its English-language movie channels, from the Jio TV […]
Tata Consultancy Services, the country’s largest IT services company, today reiterated that it is committed to its 25-by-25 model according to which the company has set a goal of reducing office attendance for its employees by 75% by the year 2025. According to the model, which was unveiled soon after the COVID-19 pandemic forced the […]
Wipro said it was closing its offices for four weeks due the Omicron variant of COVID, and said it would add 30,000 fresh graduates in the year starting in April. “The safety of our employees remain our top most priority,” said CEO Thierry Delaporte. “With the rapidly spreading Omicron variant of the COVID-19 virus, we […]
DLF, one of India’s top real estate developers, said it has sold Rs 1,500 cr worth of luxury flats in ONE Midtown, its upcoming addition to the high-end Midtown township project being created west of Patel Nagar in Delhi. Midtown is designed as an ‘ecosystem of luxury residences, office and commercial spaces’ in ‘rolling acres […]
Vodafone Idea will issue around 16 bln shares to Government of India in lieu of interest payments arising out of its decision to defer the payment of spectrum and other regulatory fees by four years, thus making the government the biggest shareholder in the company. The move, subject to valuation confirmation by government agencies, will […]
Industries such as banking and financial services and insurance (BFSI), and production and manufacturing showed the highest growth in hiring activity in 2021, while media and construction segments showed the biggest declines, said Monster.com India in its annual trends analysis. The BFSI and the manufacturing sectors both saw hiring rise by 31%, while telecom witnessed […]
Kerala Police has started cracking down on the phenomenon of ‘couple swapping’ or ‘partner swapping’ — which has gained the status of an alternate lifestyle in the West — after a complaint from a married woman. Police said they have have arrested six people from the districts of Kottayam and nearby areas, without giving details. […]
A day after Titan Co, India’s largest gold retailer, reported a strong, 36% growth in its festival quarter revenue, rival Kalyan Jewellers said it witnessed an estimated 17% increase in sales during the same period. The company, which also has outlets in the Gulf region, said India revenue jumped 15% over the final quarter of […]
Jewelry and fashion accessory maker Titan Co said it saw a 36% growth in the last three months of 2021, boosted by strong festival demand. Jewelry Buoyancy in jewellery demand driven by festive purchases in October and November helped the division achieve significant Revenue uplift for the quarter, the company said. Revenue in this flagship […]
Reliance Industries has raised $4 bln (around Rs 30,000 cr) via the largest ever foreign currency bond issuance by an Indian entity. The amount will be used to retire the group’s existing debt. The bonds have been issued in 10-year, 30-year and 40-year maturities, and also mark the first time any BBB-rated Asian company outside […]
The court of Chief Justice of Delhi High Court will today hear appeals filed by Future Retail and its promoters against a decision by a single judge bench yesterday that refused to issue directions to a Singapore arbitration panel. Yesterday, a Delhi High Court bench comprising Justice Amit Bansal had refused to accept arguments by […]
ONGC, India’s largest producer of oil and gas, has appointed satellite services provider Nelco to upgrade its in-house Ku band satellite communication system to enable high-speed data and voice services for its sites off India’s western shoreline. The move will improve connectivity between ONGC’s offshore platforms, drilling rigs, vessels and onshore locations and improve the […]
Zee Media Corp, the company that runs Zee branded news channels, has issued warrants for 13.5 cr shares to promoter group Subash Chandra family, further strengthening the promoters’ efforts to protect their position in the company. Currently, the company has around 62.54 cr outstanding shares. Out of this, only around 5.33 cr — or 8.52% […]
Bharti Airtel has abandoned its plan to reorganize its corporate structure by focusing on the digital business — such as its Wynk app, Airtel Cloud, Airtel Xstream and so on — by moving all telecom infrastructure into a different subsidiary known as Airtel Ltd. The move was announced eight months ago, and was widely seen […]
Bajaj Auto emerged as the best performer in December two-wheeler sales in the domestic market by posting relatively flat numbers while others such as TVS Motor Co and Hero MotoCorp saw sharp declines in their India sales. Bajaj Auto escaped the sharp declines by reporting sales of 1.28 lakh units in India in the final […]
Hero MotoCorp, the world’s No.1 motorized two-wheeler maker, and rival TVS Motor Co both reported declines in their December auto sales. While Hero MotoCorp’s December sales fell by 12% in the domestic market, TVS Motor Co reported a fall of 17% in its domestic market sales during the month. TVS MOTOR CO TVS Motor Co’s […]
Tata Motors once again surprised analysts with exceptionally strong sales numbers for December 2021, posting a whopping 50% jump in passenger vehicle sales for the month compared to December of 2020. With this, the company’s passenger division has set a new yearly record by crossing the 3.31 lakh/year mark during the 2021. It also set […]
Tech Mahindra, the IT services provider from the Mahindra & Mahindra Group, said it has purchased a US-based consulting and IT services provider for $125 mn or Rs 930 cr. The company has 660 employees, and the shares are being purchased from two entities, one in India and another in the US. Most of the […]
PVR, India’s largest cinema exhibitor, said it has increased its ticket prices in Telangana, a week after the state government increased cinema ticket price bands. Unlike other states, Telangana government controls the price of cinema tickets, given the high importance attached to movies by people in the state. The Telugu film industry is the second […]
Sun Pharmaceutical Industries said it has received Emergency Use Authorization or EUA from India’s Drugs Controller General of India (DCGI) to manufacture and market a generic molnupiravir in India, a week after the US-FDA gave an EUA to its use in the US. The company has promised to make the oral drug, under the brand […]
