Moody’s Investors Service has changed the outlook on Tata Motors Limited’s corporate family rating to ‘negative’ from ‘stable’, a day after it cut its rating on company’s UK unit by one notch. A negative outlook indicates that there is likelihood of a cut in the...
Havells India to launch temperature-sensitive ‘smart fans’ with IoT
Havells India, one of the fastest growing appliances and electrical gear makers in the country, said it will launch a wifi-enabled, temperature-sensitive smart fan next year. Named ‘Enticer Smart’ after its Enticer series, the fan would have smart capabilities, such as automatically adjusting its rotating...
Mindtree ties up with IISc for artificial intelligence research
Bangalore-based IT services company Mindtree has decided to collaborate with Indian Institute of Science Bangalore (IISc), one of India’s top higher education institutes, to design solutions using Artificial Intelligence or AI. It will do so by creating an endowment, Mindtree Associate Professor Chair on Artificial Intelligence,...
Kerala Govt says status quo will be maintained, after SC agrees to re-examine Sabarimala order
Supreme Court of India of India has agreed to hear the Sabarimala age-restriction matter once again, prompting the Kerala law minister to say that the state government will maintain status quo at the site. It will take up the matter on January 22, after the...
Lupin gets USFDA nod for asthma inhaler drug
Indian pharmaceutical manufacturer Lupin said it received regulatory approval to launch a generic version of AstraZeneca’s asthma inhalation medicine. Budesonide Inhalation Suspension is among medium-sized drugs sold in the United States, with annual sales of around $475 million. It is sold by AstraZeneca under the name...
Cipla agrees to buy US drug company for $215 million
Cipla said is US subsidiary has agreed to acquire a US company developing an intravenous formulation of the pain-relief medicine Tramadol for up to $215 million (Rs 1,500 cr). The transaction will be done in two phases, with a $35 million injection into the company, Avenue...
Jet Airways outlines more cost-cutting as Q2 sees Rs 1,297 cr loss
Jet Airways managed to sequentially bring down its pretax loss by a smidgen due to its recently started cost cutting measures during the second quarter, and announced further measures to reduce losses. Even as revenue rose sequentially by Rs 170 cr in Jul-Sep quarter, total...
Lupin launches pneumonia drug Atovaquone in the US
Pharma major Lupin said it has launched pneumonia suspension Atovaquone, a generic substitute for Glaxosmithkline’s Mepron oral suspension. The drug, in the dosage of 750 mg per 5 milliliter, had annual sales of approximately USD 119 million in the US. It is indicated for the prevention...
Reliance Industries to enlist local stores to fight Flipkart, Amazon
Mukesh Ambani, chairman of Reliance Industries group, today said that his company is working on creating a pan-India e-commerce platform that will help small, offline shops compete with players like Amazon and Flipkart. The platform will work by making the inventory of small shops available...
Lupin’s Nagpur plant passes FDA inspection
Pharma major Lupin said its Nagpur plant has passed a Pre-Approval Inspection by the US Food and Drug Administration without incident. The inspection, carried out in September, was related to the manufacture of Phenytoin Sodium Extended Release capsules to be sold in the US market. Lupin’s Nagpur facility...
Broadband plans could soon come with free DTH
Dish TV said it is looking at bundling its DTH plans with broadband plans from other players. “..that is certainly on the cards looking at partnership with different broadband players that will happen as required,” said Managing Director Jawahar Goel in an interaction with investors...
Zee5 added to NetRange Smart TV app store
Zee5, the content app from the Zee Group, has joined the NetRange, an app store found on televisions manufactured by global TV makers such as Philips, Grundig, HiSense, Thomson, Skyworth, Sharp and TCL. With this, the Zee5 app will become instantly available on lakhs of...
Dish TV boxes to get support for Internet apps by December
Dish TV, India’s largest direct-to-home satellite television service, said it will send out software upgrades to over 4 mln (40 lakh) of its users that will enable them to install apps to watch Internet content on their TV by December. “There are almost 4 million...
Govt buys 5.83% stake in PNB worth Rs 4,500 cr
Punjab National Bank, hit by a $2 billion scam, said the government of India has purchased around 63.82 cr shares in the bank. At the current market price of Rs 71 each, the shares are worth Rs 4,530 cr. With this, the government’s stake in...
GAIL orders supplies for gas line to North East, JHBD I to be complete in 2 months
GAIL India, the country’s largest pipeline operator, said it has placed an order worth Rs 1,100 cr to buy pipeline required to connect the North Eastern states to the ambitious Jagadishpur— Haldia—Bokaro-Dhamra project. The Jagadishpur—Haldia—Bokaro-Dhamra project runs through three states — Jharkhand, Odisha and West Bengal,...
Hero unveils first touring motorcycle XPulse 200T
Hero MotoCorp Ltd., the world’s largest manufacturer of two-wheelers, said it will launch its XPulse series of 200cc premium motorcycles early next year. The company announced the second in the XPulse series, the XPulse 200T. While the original XPulse is an off-roader, the ‘T’ variant is...
Trupti Desai adds to the Sabarimala woes of Left Front govt in Kerala
Adding to the headache of the Kerala state government in the Sabarimala matter, Pune-based women’s rights activist Trupti Desai said today that the she is planning to visit the shrine later this month. “The temple will open on 17 November. I will soon write a...
BJP faces setbacks in Karnataka by-election results
The Bharatiya Janata Party continues to face headwinds in Karnataka, six months after the party made an abortive attempt to capture power in the state despite coming short of majority in the state elections. The state is counting the votes from five by-polls today, including...
Leaked tape shows Kerala BJP chief taking credit for Sabarimala protests
Kerala BJP state president Sreedharan Pillai has been shown bragging in a leaked video that the recent agitation by Ayyappa devotees in the temple courtyard was set off by a BJP worker, and that he considers the issue the ‘golden opportunity’ that the party has...
Sterlite Tech gets Rs 1,500 cr Bharatnet contract for 8 Maharashtra districts
Two weeks after announcing a Rs 3,500 cr order to build the Indian Navy’s communication network, Sterlite Technologies said it won a Rs 1,512 cr order to connect 4,045 panchayats in Maharashtra under the BharatNet project. The announcement comes close on the heels of GTPL...