Panache Digilife to make laptops under PLI scheme, target WfH

Mumbai-based up-and-coming IT hardware manufacturer Panache Digilife said it intends to manufacture laptops and all-in-one PCs to target the consumer market, under the government of India’s production-linked incentive scheme. The company had qualified for receiving benefits under the PLI scheme last week, along with 13 others including Foxconn, Wistron, Dell, ICT, Dixon Technologies and Lava […]

Vodafone Idea CEO says daily data plans make no sense

Vodafone Idea CEO Ravinder Takkar has urged competitors Bharti Airtel and Reliance Jio to gradually move away from daily data plans, and said such plans made ‘no sense’ as consumers don’t use data uniformly. Daily data or unlimited plans were introduced by Reliance Jio as part of its Welcome Offer when it launched its services […]

Wonderla reopens Bangalore hotel, park to remain closed

Wonderla Holidays said it has decided to reopen its hotel, Wonderla Resort, near the Wonderla amusement park in Bangalore, from Monday. It said lock-down rules still do not allow it to open the amusement park yet. Wonderla Resort, which is a kind of weekend getaway on the Bangalore-Mysore road, will be opened with a 50% […]

COVID-19: Zydus Cadila’s DNA vaccine shows 100% efficacy in teens

Indian Pharmaceutical major Zydus Cadila has become the world’s first to seek approval for a DNA-based vaccine against COVID-19, with trials indicating 100% efficacy in adolescents against moderate disease after three doses. The vaccine, which is likely to be approved by Indian authorities, also promises relief for those afraid of needles, as it can be […]

RailWire promises tough fight to Jio, Airtel

Railtel Corporation of India, the telecom unit of Indian Railways, said it does not expect to lose subscribers to rival operators like Reliance Jio and Bharti Airtel, even as it promised to take its RailWire services to even the tiniest of towns this year. RailTel Chairman and Managing Director Punit Chawla said his company is […]

Dr Reddy’s launches 2DG Covid drug for Rs 990

Dr Reddy’s Laboratories, one of India’s largest pharmaceutical manufacturers, commercially launched 2DG COVID-19 treatment today, starting with the bigger cities. The drug, formulated by DRDO’s Institute of Nuclear Medicine & Allied Sciences in collaboration with Dr Reddy’s, is supposed to reduce the viral load in patients suffering from COVID-19. The drug, 2-deoxy-D-glucose, is supposed to […]

Puravankara believes offices will return, intros WfH tweaks

Puravankara Ltd, the biggest residential real estate brand in Bangalore, said it is making changes to its apartment designs to attract work-from-home customers, but believes that employees will shift back to the work-from-office model in another 12-18 months. STRONG DEMAND The company has been seeing strong demand for its residential flats, as buyers increasingly prefer […]

Amazon starts Fire TV broadband service in India

Amazon has expanded its Fire brand of devices and software to the service sector with the launch of its Fire TV Hotspot broadband service in India. The company started offering Fire TV branded broadband connectivity in the Indian city of Mumbai — making it possibly the only one in the world to get Amazon branded […]

Desi firms enter race to make Li-ion batteries

Sharda Motor Industries, a New Delhi-based manufacturer of auto parts such as suspensions and catalytic converters, and the Kinetic group of Pune have become two of the rare Indian firms to dare to enter the cut-throat world of lithium-ion battery manufacturing. The supply of Li-ion batteries is currently almost completely controlled by Chinese companies, which […]

Glenmark, Cipla get US nod for inhaler drug

Indian pharmaceutical manufacturers Cipla and Glenmark Pharma said they received approval from the US Food and Drug Administration to launch a generic version of Sunovion Pharma’s inhaler therapy Brovana. The drug has substantial sales in the US of around $438 million in the 15 mcg dose and is approved for long-term, twice daily usage for […]

Jubilant Foodworks prepares for major expansion in 2 years

Jubilant Foodworks, which operates the country’s largest pizza and restaurant chain, said it expects safety concerns to drive consumers more and more towards bigger brands as it prepares for a major expansion over the next two years. The company said it will plans to open at least as many stores in the current financial year […]

HT Media group’s ad-for-equity portfolio crosses Rs 500 cr

The Hindustan Times group, which runs a similarly named English newspaper and the Hindi daily Hindustan, said its total investment in various companies under its ‘ad for equity’ scheme has crossed the Rs 500 cr mark. Most large media houses in India offer a fixed amount of ad inventory in return for equity of the […]

BPO provider HGS rides COVID wave to record profit

Hinduja Global Solutions, one of India’s top pure-play business process outsourcing companies, has been able to turn the massive challenge posed by COVID lock-down restrictions into an opportunity, posting record profits for the year. Like many organizations that depend on thousands of staff working inside a single building, Hinduja Global Solutions found its working model […]

Adani-NSDL confusion nears resolution

The confusion over the alleged freezing of the demat accounts of three big Mauritius-based investors in Adani group companies edged closer to being resolved, with National Securities Depository Ltd clarifying that the three accounts were frozen five years ago by a SEBI order. Adani Group divulged a clarification it received from NSDL, the agency which […]

Sobha to create ‘mini New York’ on Hosur road

Sobha Ltd, one of India’s largest real estate developers, said it will build a ‘Manhattan-like’ mini city at Yadavanahalli, which lies between Electronics City and Hosur towards the south east of Bangalore. Despite its somewhat removed location, the project is targeted at the well-to-do, with the three-bedroom flats costing upwards of Rs 90 lakh. Chairman […]

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 […]

Lupin gets US FDA warning letter for Somerset plant

Lupin Ltd, one of the world’s largest generic drug makers, today said it received a warning letter from the US Food and Drug Administration relating to its US-based manufacturing plant located in Somerset, New Jersey. “We wish to inform you that the Company has received a warning letter from the US FDA for the company’s […]

Post COVID, Arvind Fashions tests new strategy for online

Branded apparel maker Arvind Fashions, which sells clothes under brands such as Arrow, Tommy Hilfiger, US Polo and Flying Machine in India, is trying a new strategy as far as its online business is concerned, said Director Kulin Lalbhai. While traditionally, garment vendors have looked at e-commerce as a way to get rid of their […]