Kerala Govt pushes ahead with K-Rail highspeed train, starts land survey

The Pinarayi Vijayan government of Kerala has decided to push ahead with the K-Rail semi-high-speed rail project despite opposition from the Congress-led United Democratic Front and some non-governmental organizations. The Rs 64,000 cr project is one of the most ambitious taken by any Kerala state government in recent years, and aims to reduce the north-south […]

Tata Power gets Rs 538 cr solar order from EESL

Tata Power Solar Systems, a unit of Tata Power, has received a ₹538 cr engineering and construction order for ground-based solar power generation facilities from public sector energy service company EESL. The various power generation equipment will be constructed at different locations in Maharashtra, and will together have a capacity of 100 MW. The order […]

Mobile ad firm Affle gets two more US patents

Affle, which helps companies increase the effectiveness of their digital ads, said it received two more patents from the US, taking its total US patents to six. Patent 11157952 is using blockchain to create and store a list of fraud IPs and publishers to reduce scams in digital advertising. The technology creates an “immutable decentralized […]

Reliance Industries’ purchase of polysilicon maker: A mega step to dominate Indian solar market

Reliance Industries has made a strategic acquisition in the form a Norway-based maker of solar-grade polysilicon at a cost $777 million (Rs 5,880 cr) from its Chinese owner. REC Solar Holdings has three manufacturing facilities – two in Norway for making solar grade polysilicon and one in Singapore making PV cells and modules. The 25-year-old […]

Vakrangee to spin off IT business, listed separately

Vakrangee Ltd said it would spin off its IT services business into a separate, listed entity. The company’s mainstay business of franchising Vakrangee Kendras, as well as its BharatEasy app, will remain with the current listed entity known as Vakrangee Ltd. The company said it was doing so as both businesses have evolved into very […]

Vakrangee sees strong Q2 growth, reiterates FY22 targets

Vakrangee Ltd, India’s largest operator of IT-enabled kiosks and service centers, reported a strong increase in its operating financials for the September quarter as its performance clearly overshot pre-COVID levels. The company’s total revenue jumped to Rs 207.2 cr for the three months ended September this year, up from just Rs 70.2 cr in the […]

Persistent Systems to give ESOPs to 80% of employees

Pune-based Persistent Systems, one of India’s niche software and services companies, said it has decided to overhaul its employee stock options plan to make it “one of the most inclusive” in the global IT services industry. The new plan, it said, will cover around 80% of its global employee base. The company, which focuses on […]

After EU, Lincoln Pharma gets Australian approval for plant

India-based Lincoln Pharmaceuticals Ltd said it is looking forward to entering the Australian market, after Australia’s medicines and medical devices regulator – Therapeutic Goods Administration {TGA) – approved the company’s primary manufacturing plant in Khatraj, Gujarat. The approval, said the medicine manufacturer, has been granted for all three sections, tablets, capsules and creams & ointments. […]

NTPC eyes international expansion with EDF tie-up

NTPC Ltd said its tie-up with EDF or Électricité de France announced by the government yesterday is likely to help it expand globally, while also making Indian power market more efficient and carbon neutral. The deal was announced yesterday by the French Ambassador to India, Emmanuel Lenain. The French are keen to help Indian transition […]

Mahindra adds XUV700 luxury variants, delivery dates in 5 days

Mahindra & Mahindra today announced a new luxury variant for is recently unveiled XUV700 premium SUV diesel. The luxury variant, which will be available with both automatic transmission as well as manual transmission, will come with certain added features. These extra features include a new ‘immersive 3D sound” system by Sony, electrically deployed smart door […]

Max Healthcare wins two plots in HUDA auction, to add 1,000 beds

Max Healthcare Institute Ltd, one of India’s largest hostpital chains, said it has been allocated around 11.36 acres of land in the heart of Gurgaon city to set up two hospitals. The two plots, allocated by Haryana Shahri Vikas Pradhikaran, measure 6.11 acres and 5.26 acres. Both plots are in well populated areas of Gurgaon, […]

KPIT Tech to invest in “computer cars”

KPIT Technologies, an outsourced solutions provider primarily targeting automobile producers, said it has decided to boost investments in computer-controlled vehicle technology, given an increased demand from clients for such solutions. Most of the core aspects of vehicles on the road currently are controlled by mechanical methods, such as steering, suspension, braking and so on. However, […]

Vakrangee starts distribution of agricultural products and services

Vakrangee Ltd said it has tied up with BigHaat Agro Private Ltd to provide end-to-end Agri services, digital advisory as agri input products, including seeds and fertilizers. BigHaat is a digital agricultural platform that offers valuable inputs to farmers by using science, data and technology, such as end-to-end crop guidance and market linkages for various […]

Biocon launches cancer medicine in the US

Biopharmaceuticals manufacturer Biocon Ltd launched cancer medication Everolimus tablets in the US. The formulation, a generic version of Afinitor from Novartis, is a prescription medication that is used to treat certain types of cancers and tumours. The tablet has annual sales of around $675 mln in the US, which makes it among the larger drugs […]

Reliance Industries forms trading subsidiary in the UAE

Reliance Industries, India’s most valuable company, has established a subsidiary in the United Arab Emirates. The company said it invested $1 mn to float Reliance International Ltd based in Abu Dhabi Global Market, UAE. The company will engage in trading of crude oil, petroleum products, petrochemicals and agricultural commodities, among others, said the Mukesh Ambani-led […]

Tata Motors, M&M report strong CV sales, PV sales fall

Tata Motors and Mahindra & Mahindra, the two primary home-grown auto makers in India, reported continued pick-up in the sales of heavy commercial vehicles, but their passenger vehicle sales showed a declining trend, though not as sharply as in case of market leader Maruti Suzuki. Passenger vehicle sales for M&M fell to 13,134 in September […]

Aurionpro selected as Haryana Roadways’ e-ticketing partner

IT services provider Aurionpro said it has won a “strategic order” from Haryana State Transport Department — the biggest operator of bus services in the state — to implement an automatic fare collection system on a revenue share basis. The system will be ‘open loop’, which means that it will not issue its own tokens, […]

Blue Star increases outlay for Sri City plant to Rs 550 cr, eyes Q2 completion

Air conditioning company Blue Star said it began construction work on its Rs 550 cr manufacturing plant in Sri City in Chittoor district of Andhra Pradesh. The plant will likely be included in the production-linked incentive scheme of government of India, under which companies are eligible to get around 5% of their sales as incentives […]