Zydus Cadila to launch immuno-suppressant in the US

Pharma giant Zydus Cadila said it received final approval from the USFDA to market immunonsuppressant Mycophenolate Mofetil injection. The drug is indicated for use in combination with other drugs i.e., cyclosporine and corticosteroids for the prophylaxis of organ rejection in patients receiving renal, hepatic or cardiac transplants. The drug will be manufactured at the group’s […]

Skoda brings Octavia’s hi-power RS version to India with 250 kmph speed

Czech automaker Skoda has dispelled the uncertainties around the introduction of its performance sedan range, the Octavia RS series, by bringing the RS 230 to India. The model is the most powerful car launched by the company in India and comes with a 2-litre TSI turbocharged, four-cylinder petrol engine with 230 bhp of power and […]

Adani, Saab tie-up; to pitch Gripen jets to India

Defence and security company Saab, maker of Gripen jets, has tied up with India’s Adani Group for aerospace and defence production in India. “The intended collaboration would encompass design, development and production of Gripen for India and other high-tech products of national importance for India and also the creation of joint ventures in India in […]

Hexa helps Tata Motors post 26% India sales growth in August

Tata Motors passenger and commercial vehicles total sales including exports rose 14% in August, while domestic sales rose 26%. The company sold 48,988 vehicles in the month, out of which 45,906 were sold in India. It said it found “growing demand across segments and increased positive customer sentiments” in its home market. Domestic – Passenger […]

Solar Power is a life saver in Chhattisgarh – Survey

The solar energy revolution may be all about saving the environment, but for the Indian state of Chhattisgarh, it’s impact is more immediate, and life-saving. According to a first-of-its-kind study conducted on primary health centers in the state, PHCs with solar backup admitted 50% more patients and conducted almost twice the number of child deliveries […]

Reliance Jio corners 91% of data card market; could hit BSNL broadband

The shipments data cards or dongles in India jumped 15% in Apr-June period compared to the previous three months, thanks to aggressive sales of Reliance Jio Mifi devices. The Ambani company had a 91% share of the dongle market in the country during the period, said CyberMedia Research. The company has been offering value back […]

BSNL to “shortly” launch 4G with VoLTE, Reliance Jio to face competition

Players like Bharti Airtel, Idea Cellular and Vodafone are heaving a sigh of relief that Reliance Jio has not unveiled any ‘monsoon surprise’ offer. However, state-owned BSNL may be about to increase the competition in the market with the launch of its 4G services shortly. Anupam Shrivastava, the chairman and managing director of the state-owned […]

Maruti Suzuki to rebrand its car showroom network in India

After introducing a separate showroom network for its higher-end cars by the name of NEXA, India’s largest carmaker Maruti Suzuki said it will not overhaul, transform and rebrand its remaining car showrooms in the country. The Company targets to set up over 80 showrooms under the ARENA brand by March 2018. Progressively, existing showrooms across […]

SBI, Canara Bank lead in opening unorganized sector pension accounts

State Bank of India has opened the largest number of accounts under India’s universal pension scheme for the unorganized sector, the government said today. State Bank of India has opened 51,000 out of the total 3.07 lakh pension accounts opened by banks under the scheme, which guarantees a rate of return of at least 8%. […]

Moody’s downgrades IDBI Bank over lower govt support

Moody’s Investors Service has downgraded debt issued by IDBI Bank over concerns on “reduction in the amount of extraordinary government support incorporated into the bank’s ratings and its weak standalone credit profile,” the bank said. While earlier, Moody’s used to assume that government support for IDBI Bank was at the top-end of the ‘very high’ […]

Idea launches 4G in Srinagar, offers 84 GB for Rs 392

Idea Cellular, India’s third largest telco by revenue, launched its 4G services in Srinagar. This is the 26th town in Jammu & Kashmir to get Idea 4G services, which are also present in Jammu, Udhampur, Katra, Samba, Poonch, Rajauri, Kathua, in addition to Srinagar. “Idea 4G SIMs are now available at its company retail store […]

India to announce new industrial policy in October

The Indian government is likely to announce a new industrial policy in October, the ministry of commerce and industry said, and sought feedback from the public. Commerce and industry minister Nirmala Seetharaman will hold a final round of consultations with stakeholders soon, it added. “Sitharaman will hold consultations with stakeholders, including industry captains, think tanks […]

Tata Power renewable generation up four times last year

Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before. This was achieved partly due to an acquisition. During the year, its renewable arm Tata Power Renewable Energy Limited completed the acquisition of WREPL which had […]

After Doklam, Modi confirms attendance at BRICS summit, to visit Myanmar

Indian Prime Minister Narendra Modi will visit China to attend the upcoming conference of the BRICS forum on September 3-5, the Prime Minister’s Office said today. On the way back, he will also conduct a three-day visit to Myanmar, it added. “At the invitation of the President of People’s Republic of China, Prime Minister Shri […]

Modi’s reforms drag, power plants to face low loads, study

India’s energy sector is facing low capacity utilisation in power generation as plant load factor is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study. The study also expressed concern over the slow pace of reform implementation in certain areas. The study noted that India had made […]

End of freebies? Vodafone prices 1GB/day for 28 days at Rs 392

With Reliance Jio not showing any signs of unveiling yet another ‘surprise’ offer, telecom tariffs in India seems set to rise, particularly for data. Vodafone today announced an new tariff pack that offers 1 GB of 3G or 4G data and free calls for Rs 392. However, unlike similar priced offerings by the company in […]