Airtel Broadband adding 1 town/day; Target 2000 towns in 3 years

Bharti Airtel, formerly India’s biggest telecom operator, announced plans to take its fiber-based broadband services to nearly every town in India over the next three years, except for the smallest of the small. The company, which is currently launching its fiber services in more than 1 new town per day, said it plans to take […]

Adani says FPI accounts not frozen

Adani Transmission, a part of the diversified Adani Group, disputed a report by financial newspaper Economic Times that said that NDSL had frozen the share accounts of three foreign investors who held nearly Rs 43,500 cr worth of stock in various Adani group companies. Economic Times had carried the news quoting an update published by […]

Reliance Jio 4G speeds to increase as co spends 57k cr on spectrum

Reliance Jio, India’s largest telecom operator, increased its spectrum holding by 55% after it spent over Rs 57,000 cr in the just concluded auction, and will seen an increase in its 4G speeds in coming days. The company emerged as the biggest spender in the auction, and has reportedly purchased spectrum worth nearly twice the […]

Tata Motors to increase CV prices from January

Following automakers like Honda, Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki, Kia Motors, MG Motor and Renaut, Tata Motors too has announced a decision to increase vehicle prices from next month. However, unlike most others, Tata Motors will increase prices for commercial vehicles only, while leaving passenger vehicles alone for now. Around half of the […]

STEEL PRICES: Mahindra increases tractor prices, autos next?

Mahindra & Mahindra, one of India’s largest makers of tractors, said it plans to increase the prices of its tractors from January 1 to offset increasing commodity prices. “Details of the price increase across different models will be communicated in due course,” it said. The move comes in the wake of record sales of tractors […]

Jio Fiber beats ACT; becomes India’s No.1 fiber broadband provider

Reliance Jio, whose entry into wireless telecom decimated the competition, seems to be all set to repeat its performance in the wired broadband space. The company added a whopping 3.03 lakh wired connections and 2.7 lakh fiber broadband connections in the month of September. Before this, the record for the highest number of wired broadband […]

No COVID impact: Fertilizer maker Coromandel posts strong quarter

Coromandel International Limited, which makes the famous GROMOR brand of fertilizers, reported strong financial performance for the Apr-Jun quarter, indicating that farming activity in South India continued apace even during the COVID-19 lockdown. The company reported a whopping 51% jump in its revenue for the Apr-Jun quarter compared to the same three months of 2019. […]

CORONAVIRUS: Kerala CM Pinarayi Vijayan warns of possible famine

Pinarayi Vijayan, chief minister of Kerala — a region with one of the highest success rates in arresting Coronavirus spread anywhere in the world — today warned the people of the state about a possible famine-like situation if the infection gets out of hand in other parts of India. Kerala, with one of the highest […]

Slow growth hobbles agri platform eNAM, cumulative turnover reaches Rs 85k cr

eNAM, the electronic National Agricultural Market that was unveiled three-and-a-half years ago, has seen the total cumulative turnover on its platform hit Rs 84,842, Agriculture minister Narendra Singh Tomar said. He said a total of 1.65 cr farmers in 18 states and union territories have been brought onto to the electronic agricultural commodity trading platform. […]

Tata Global Beverages to acquire branded business of Dhunseri Tea for 101 cr

Tata Global Beverages Ltd, a subsidiary of the multinational conglomerate Tata Group, said it entered into a non-binding agreement to acquire the branded tea business of the Kolkata-based Dhunseri Tea and Industries Ltd for Rs 101 crore. A non binding contract is an agreement in which the parties are not legally obligated to carry out […]

Singapore’s Wilmar takes control of Shree Renuka Sugars

Singapore-based agricultural commodity player Wilmar International has taken a controlling stake in Shree Renuka Sugars, one of India’s largest sugar companies that was saddled with high levels of debt. As of December 30, both the Indian promoter and Wilmar had a stake of just above 27% with about 257 mln shares each. On Friday, the […]

RELIANCE JIO unveils NEW PLANS valid from today

India’s biggest wireless data provider Reliance Jio unveiled a new set of plans as it continues to migrate its customers towards paid plans. The key difference between the new plans and the previous Dhan Dhana Dhan offer is that the new plans offer double validity for the recharges, while the earlier plan offered triple validity. […]

Grasim-Adiya Birla Nuvo merger approved, ABFSL listing soon

The Aditya Birla Group said it got the approval of the Company Law Tribunal for the merger of Aditya Birla Nuvo Ltd and Grasim industries Ltd and the listing of Aditya Birla Financial Services Ltd. The approval was obtained from the Ahmedabad bench. “The approved Scheme has been filed with the BSE and the NSE. […]

Center imposes stock-holding limits on sugar

Faced with the prospect of lower-than-expected production of sugar in the ongoing season due to drought, the government has imposed stock curbs on dealers to prevent speculation and hoarding, the food and consumer affairs ministry said today. “With the objective of keeping the sugar prices at reasonable level and to ensure smooth supply of sugar […]

Baba Ramdev’s Patanjali expands Ruchi Soya tie-up, eyes 20,000 cr edible oil sales

Patanjali Ayurved, the consumer products company headed by yoga exponent Baba Ramdev, has scaled up its agreement with Ruchi Soya, which has been facing financial stress due to high debt levels. Ruchi Soya said the two companies have agreed to expand their initial agreement — signed last month — to two Madhya Pradesh and Gujarat […]