GAIL India, the country’s largest pipeline operator, said the government has decided to include two additional districts of Bihar — Sheikhpura and Jamui — and one more district in Jharkhand — Deoghar — in the 10th round of bidding for setting up of city gas...
Sanjay Kumar
Mahindra Marazzo price to go up by Rs 30,000-40,000 from Jan 1
Mahindra & Mahindra Ltd, India’s second biggest SUV maker, said it was raising the price of its latest utility vehicle, Marazzo, by Rs 30,000-40,000 from January 1. The utility vehicle costs Rs 10-14 lakhs ex-showroom in Delhi, and has been one of the most successful...
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,...
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...
TAKE Solutions Q2 PAT boosted by other income, tax writeback
Shares of Take Solutions, a provider of contract solutions to the healthcare sector, were up 6% after the company reported a sharp increase in revenue due to rupee depreciation and profits jumped due to a tax write-back and a jump in non-operating income. Sales at...
Brigade Enterprises launches apartment complex on Bangalore Airport road
Brigade Enterprises, one of the top real estate players in Bangalore, announced its plans to set up Brigade Bricklane, a low-rise apartment project at Jakkur in North Bangalore. The flats will be priced at Rs 33 lakhs and above and will be constructed with lots...
Rs 540 cr contract awarded to redevelop Lucknow’s iconic Charbagh railway station
Construction major Ahluwalia Contracts said it has won a Rs 539 cr order from the government of India-controlled NBCC for the redevelopment of the iconic Charbagh Railway station in Lucknow. With this, said the company, the total inflow of orders in the seven months of...
ND Tiwari passes at 92
ND Tiwari, the veteran Congress leader from Uttar Pradesh, has passed away at age 92. He has been the chief minister of Uttar Pradesh thrice. He was also the chief minister of Uttarakhand. Tiwari has been surrounded by scandals, especially in his later years. He...
Maharashtra prepares mega Dharavi redevelopment plan
The Maharashtra cabinet has today given approval for the redevelopment of Asia’s largest slum, Dharavi, at a cost of around Rs 20,000 cr. The latest plan involves the creation of 70,000 flats over an area of 200 acres, including 50 acres that has to be...
TVS Motor unveils Jupiter Grande at Rs 56,000
TVS Motor Company has introduced yet another version to its successful Jupiter line of scooters. Jupiter Grande, priced at Rs 56,000 ex-showroom in Delhi, has a few functional extras like an LED front-lamp that saves power and fuel, adjustable mono-shock suspension at the back and...
Eight years later, Maruti Suzuki Eeco cross 5 lakh sales
Maruti Suzuki Eeco, India’s largest selling affordable utility vehicle, has crossed the 5 lakh sales milestone, nearly eight years after it was introduced. The ‘van’ was brought in as a bigger, safer and stronger alternative to the relatively successful Omni. However, Eeco failed to match...
Air India approves redevelopment of staff colony in Delhi
NBCC India, a state-owned construction company, said it has been given ‘in principle’ approval by Air India to redevelop the airline’s staff quarters in Delhi. The permission has been given to redevelop two plots of lands — a 30-acre plot in Vasant Vihar in South...
Syngene COO steps down to explore “startup opportunity”
Syngene International Ltd, the contract research unit of Biocon, announced the resignation of its chief operating officer Manoj Nerurkar. It said Nerurkar, who has been with the COO of the company for nine years, will step down to an advisory role from October to pursue...
Toll collection resumes at Airoli & Mulund after 1 month gap
Residents of Thane will have to shell out more for driving to Mumbai and Navi Mumbai from today after the operator of the Airoli and Mulund toll plazas restarted toll collection. Collection of toll at the two centers was suspended on Aug 21 for cars,...
Infosys to open 1000-employee center in Arizona
Infosys said it will open a ‘Technology and Innovation Hub’ in the US state of Arizona and hire 1,000 American workers in the state by 2023. Infosys said it has hired 5,874 American workers in the last 16 months. Arizona center will focus on autonomous technologies, Internet...
HCL to recruit over 1,000 finance graduates in Vijayawada
HCL SSHS, a joint venture between HCL Technologies and US-based State Street Corporation, said it plans to recruit over 1,000 graduates and post-graduates in commerce, accountancy and finance for its new office in Ganavaram, Vijayawada. The new office has been set up at Medha Tech Park and...
L&T Tech Svcs buys Bangalore-based Graphene Semiconductor Services
Engineering outsourcing company L&T Technology Services said it has agreed to acquire 100% of Bangalore-based semiconductor services firm Graphene for an undisclosed amount. The all-cash transaction is expected to be complete by October, it said. Graphene Semiconductor Services Private Limited is one of the fastest...
Power plants import less coal this year- ministry
The coal ministry said that there has been a 14% decline in the import of thermal coal by power plants in India in April-June, contrary to reports that the country’s import of thermal coal — used to drive steam turbines — increased during the three...
Kerala Floods: SpiceJet starts 18 new flights to the state
SpiceJet, one of India’s largest airlines, said it has started 18 new temporary flights to help deal with the cancellations of flights to and from Kerala due to the ongoing flights. Some of these flights were operational only today, while some will be there for...
India Ratings gives AAA rating to Motherson Sumi
Credit rating agency India Ratings and Research has awarded its top AAA rating to Motherson Sumi Systems, the auto components manufacturer said. Ind-Ra, a unit of global rating agency Fitch, took into consideration the company’s strong trackrecord and diversified client-based to issue the rating. “MSSL’s...