Tech Mahindra invests $3 mn in fast-growing US tele-medicine startup

Tech Mahindra, one of India’s to six IT service providers, said it has invested $3 million, around Rs 23 cr, in a fast-growing tele-medicine start-up based in Plano, Texas. The Indian company, which gets a 6% stake in exchange for the investment, has an option of raising its stake to 14% by January 2021 by […]

Vaishali Pharma enters US market

Mumbai-based pharmaceuticals manufacturer Vaishali Pharma said it has entered the US market by launching its orthopaedic belts and similar products. The company is among the smaller sized pharmaceutical manufacturers in India, with annual sales in the range of around Rs 40 cr. Established in 1989, it manufactures and supplies bulk drugs, pharmaceutical ingredients, formulations, surgical […]

GTPL’s Broadband growth doubles on COVID demand

GTPL Hathway, a cable and broadband network provider focused on Western and Central India, said it has already crossed its full-year target for new broadband connections within the first six months of the year, and has therefore doubled its target for FY21. At the beginning of this financial year, the company had guided towards adding […]

Festival Offer: Samsung announces discounts on NVMe, SSD and MicroSD range

Samsung has announced discounts of around 20-40% on its storage devices, including SSDs, NVMe drives, Micro SD cards and pen drives. The discounts are offered as part of Flipkart Big Billion Days and Amazon Great Indian Festival, which start tomorrow. External SSDs On the external storage drive front, it is offering discounts on both its […]

Jio Fiber monthly additions cross the 1 lakh mark

The number of new broadband subscribers added per month on Jio Fiber — the wired connectivity service from Reliance Jio — has crossed the 1 lakh mark for the first time — a year after the company started giving connections commercially. According to India’s monthly broadband addition numbers, the total number of high-speed internet users […]

Dr Lal PathLabs says only 0.5% of records leaked

Dr Lal PathLabs, one of India’s top diagnostic chains, today clarified that the leak of patient data reported in the media involved only 1 in 200 patient records held by the company and did not involve any “material information loss”. “There was a misconfiguration in one of our minor web application where temporary records were […]

Jio Fiber to reach 1 in 5 households in India – Ambani

Mukesh Ambani, chairman of Reliance Industries and Reliance Jio, today announced his company’s fiber optic service will reach 50 million households — or about a fifth of India’s population. Ambani, however, did not give a timeline for when he expects to achieve this milestone. Nevertheless, the number is still significant as industry experts differ widely […]

Carvaan gets a kids edition with stories & rhymes

Record label Saregama India has launched Carvaan Mini Kids, the kids edition of its extremely successful Saregama Mini ‘radio’ product with built in digital audio content. Unlike Carvaan and Carvaan mini, which come with popular songs and similar content for adults, the Carvaan Mini Kids — priced at Rs 2,990 — comes with rhymes, stories […]

Thyrocare Q2 revenue up 37% on COVID-19 testing

Thyrocare, one of India’s leading diagnostic services providers, said its revenue has jumped substantially in the July-September quarter owing to strong demand for COVID-19 testing. A day after competitor Metropolis Healthcare reported a 25% year-on-year jump for the three months, Thyrocare reported a growth of 37% in its revenue. Sequentially, Metropolis’ September quarter revenue nearly […]

Metropolis Healthcare revenue gets a COVID-19 boost

Metropolis Healthcare, one of India’s biggest diagnostic services providers, said it has seen a sharp up-tick in its revenue this year, benefiting from increased demand for COVID-19 testing. As of September 2020, said the company, its total revenue is 40% higher than the same month of 2019. Within this, the non-COVID services/revenue has achieved ‘normalcy’ […]

SEPTEMBER AUTO SALES: Car demand drives Maruti Suzuki, M&M tepid

Maruti Suzuki India reported a whopping 31% jump in its September auto sales, while Mahindra & Mahindra reported a more modest increase of around 5% in its passenger vehicles. The commercial vehicles division continued to struggle with low demand. M&M Unlike Maruti Suzuki, which benefited from higher sales of its smaller cars, Mahindra & Mahindra’s […]

Godrej Properties to build new flat complex in Kalyan

Godrej Properties, arguably the healthiest and fastest growing of the major Indian real estate companies, today said it has agree to purchase a 20 acre project in Kalyan near Mumbai for a residential project. “This project will offer approximately 139,000 square meters (1.5 million square feet) of saleable area comprising primarily of residential apartments of […]

Rs 100/month: Jio Hathway has India’s cheapest cable TV plan

Hathway Cable and Datacom, part of the Reliance Jio network, has started offering India’s cheapest cable TV tariff plans for customers in some parts of Mumbai. At a price of Rs 100, Jio Hathway is giving practically all the popular channels in India in standard definition, and at 200 rupees per month, in HD. Jio […]

TikTok’s case against India ban dismissed – Govt

The case filed by TikTok against its ban in India has been dismissed by the High Court of Telangana, the central government informed the Rajya Sabha today. “Tiktok had approached Honorable High Court of Telangana on 20.07.2020 challenging the ban imposed by the Government of India. The court after detailed hearing disposed the matter in […]

No security audit done on Chinese smartphones- IT ministry

Ministry of Electronics and Information Technology, Government of India, today clarified that it has not conducted any sort of study to check if Chinese-made smartphones used in India are sending sensitive data to their country of origin. “Ministry of Electronics and Information Technology (MeitY) has not conducted any such study,” said Minister of State Sanjay […]