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 […]

Ramco Systems wins key deal from Saudi aircraft maintenance company

Cloud-based services provider Ramco Systems has won a key, five-year contract from Saudi Rotorcraft Support Company, which provides maintenance services for the country’s combined fleet of more than 360 military and commercial helicopters. “With two of the top 5 aircraft manufacturers already using Ramco’s aviation MRO software, this deal underscores the track record and deep […]

DOKLAM STAND-OFF: India, China agree to ‘disengage’

The External Affairs ministry of Government of India has said that India and China have agreed to an ‘expeditious disengagement’ of border personnel at the Doklam plateau in Bhutan. In a statement, the external affairs ministry said: “In recent weeks, India and China have maintained diplomatic communication in respect of the incident at Doklam. During […]

Bawana Bypoll Results: A morale booster for Arvind Kejriwal?

The Aam Aadmi Party led by Arvind Kejriwal is all set to retain the Bawana constituency in Delhi, giving a much-needed morale booster to the embattled AAP leader. According to the latest bypoll results, the Aam Aadmi Party is at about 36,878 votes, followed by the Congress Party at 24,648 votes and the BJP at […]

Dr Reddy’s hit by class action suit on “misleading statements” on FDA action

Pharma giant Dr Reddy’s Labs today said that a class action lawsuit has been filed against it on behalf of shareholders, alleging that the company misled investors causing them to lose money on their investments. “The lawsuit alleges that the company made materially false and/or misleading statements or omissions in connection with its corporate quality […]

Jubilant Life Sciences gets US-FDA approval for pain drug

Pharma company Jubilant Life Sciences Ltd said it received final approval to sell pain drug Indomethacin in the US. The drug, which is also sold as Indocin by Iroko in the US, is a nonsteroidal anti-inflammatory drug used for the treatment of moderate to severe inflammation and reduce pain. “This is the seventh approval that […]

Modi should decide on Khattar’s resignation, Subramanian Swamy

Haryana Chief Minister Manohar Lal Khattar seems to be facing mounting pressure to step down, with BJP leader Subramanian Swamy hinting that the CM does not enjoy total support of BJP leaders. “The question of (Khattar’s) resignation has to be taken up by the prime minister, because he selected him,” said Swamy. He went on […]

Eight dead in Haryana after Ram Rahim convicted of Rape

Supporters of religious leaders Ram Rahim have gone on rampage in Panchkula in Haryana after a court there convicted him of rape. At least eight people have been confirmed dead in Panchkula and over a hundred injured. According to various media outlets, the supporters have unleashed violence at police and local establishments. “I have taken […]

Samsung loses title of India’s No.1 smartphone seller to Chinese vendor

China’s BBK Electronics, which sells its smartphones under brands such as Oppo, Vivo and OnePlus, has emerged as the top smartphone seller in India, dislodging Samsung which had been on top for six years. Samsung, however, continues to be the top feature-phone brand in the country. Between its three brands, BBK Electronics had a total […]

More OBCs to get reservation: Creamy layer limit relaxed to 8 lakh

More families belonging to the Other Backward Classes or OBCs will now be eligible to get benefits of reservation in government jobs and educational institutions after the government raised the income limit for such benefits. Under the new rules, candidates from households with annual income of up to Rs 8 lakhs — or Rs 66,666 […]

Govt seeks sports memorabilia from citizens for first ever Sports Museum

India will establish its first National Sports Museum at the Jawaharlal Nehru Stadium, New Delhi, and has appealed to citizens to contribute any memorabilia held by them for permanent display in the National Sports Museum. The contributors will be recognized and acknowledged, the ministry of youth affairs and sports said in a statement. “The aim […]

Narayana Murthy to clarify his stand on Infosys allegations, Vishal Sikka today

Infosys founder and former chairman N R Narayana Murthy is all set to lay his cards on the table on his recent allegations about possible corruption at Infosys at a conference call with investors today at 6:30 PM. UPDATE: Murthy’s call has been reportedly postponed to next week. The call comes five days after Infosys […]

Glenmark Pharma gets USFDA approval for generic version of Mylan’s anti-inflammation ointment

Glenmark Pharmaceuticals said it has got the US FDA approval to sell the generic version of corticosteroid ointment Kenalog from Mylan Pharmaceuticals. The primary ingredient is triamcinolone, a corticosteroid that reduces the actions of chemicals in the body that cause inflammation. Kenalog Ointment has annual sales of approximately $26.3 million in the US. Glenmark said […]

Oriental Bank of Commerce to raise Rs 500 cr via bonds

State-owned Oriental Bank of Commerce said it intends to raise Rs 500 cr by selling bonds. “The Bank intends to raise Tier 1 Capital through Private Placement of Basel III Compliant Additional Tier 1 Bonds of Rs.10,00,000 each at par aggregating to Rs.500 crore with an option to retain over-subscription of up to Rs.500 crore,” […]

Islamic missionaries arrested for ‘creating tension’ between groups

A group of 39 Islamic missionaries have been arrested for door-to-door distribution of religious pamphlets that said, among other things, that people who worship multiple Gods will burn in hell. The volunteers of ‘Mujahid Wisdom Global Islamic Mission’, who were distributing the material in villages near Kochi, were arrested on complaints by local RSS activists. […]