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Aurobindo Pharma said the product will be launched immediately
BankBazaar help their consumers to get right access to financial product paperless
Aim to buy 3.13 bn litres, valued at Rs 12,800 crore
Sajjan Jindal owned JSW Steel is set to redraw its project design for the mega steel plant proposed in Odisha near Paradip. The company is now keen on 12 million tonnes per annum (mtpa) instead of 1o mtpa mill proposed initially."JSW Steel has of late evinced interest to set up a higher capacity steel plant. They have not elaborated on the reasons to go for 12 mtpa project or the technology they are going to introduce", said a senior government official with direct knowledge of the matter.JSW Steel, preferred not to participate in the story. An e-mail questionnaire sent to the company went unanswered.Sources close to the development said, JSW Steel has initiated talks with some overseas companies for some technology collaboration for the Odisha project. The top steel maker is likely to opt for Corex technology for its proposed Odisha steel plant.The reconfigured project plan with use of upgraded technology means JSW Steel would settle for a smaller patch of land for the steel mill. ...
2 JVs will manufacture special-grade aluminium to be used in metro trains, e-vehicles, aerospace and automobile sector: Nalco Chairman
Aiming to grow its tea retailing business from the current nine million kg (mkg) to 14 mkg in the near term, as well as expand its portfolio, Goodricke Group has entered into an agreement to acquire the brands of Godfrey Phillips India (GPI) for a consideration of Rs. 20 crore.The agreement provides Goodricke control of the Tea City, SC Gold, Symphony, Samovar, SC Premium, Super Cup, Rangoli and Utsav brands hitherto owned by GPI and will provide Goodricke access to over 400 distributors across Jammu & Kashmir, Punjab, Uttar Pradesh , Bihar, Rajasthan and Himachal Pradesh.The deal gives the rights to Goodricke Group on the trademarks, titles and brands associated with the tea business of GPI but don't include transfer of any physical assets of GPI.Vikram Singh Gulia, vice president at the Goodricke Group told Business Standard that the company has targeted to grow its packaged tea business from the current Rs. 175 crore to Rs. 275 crore during 2018-19 and thus acquisition of brand
Taking on Reliance Jio, government-owned Bharat Sanchar Nigam (BSNL) has launched a feature phone with fourth-generation technology (4G) in partnership with handset maker Micromax for Rs 2,200.BSNL will offer unlimited internet access, calling and SMS, along with free roaming, for a monthly recharge of Rs 97. Micromax says the effective cost of ownership will be Rs 3,364 after one year, as compared to Rs 3,336 for Reliance Jio's 4G feature phone. After two years, the cost of ownership for BSNL will be Rs 4,528 as compared to Rs 5,172 of Jio's and after three years, goes the claim, BSNL's ownership cost will be Rs 5,692 as against Rs 6008 in the Jio phone if kept by the customer. Jio had in July announced a 4G feature phone for Rs 1,500, returnable at the end of three years for a full refund. The bundled Jio connection has a monthly plan of Rs 153.With their 'Bharat-1' device, Micromax and BSNL say they aim at providing an affordable 4G phone option to the 500-plus million without an .
Drug firm AstraZeneca Pharma has received marketing authorisation from the Drug Controller General of India (DCGI) for Xigduo XR tablets used in treatment of adults with type 2 diabetes in India. The product is indicated as an adjunct therapy to diet and exercise to improve glycemic control in adults with type 2 diabetes, AstraZeneca Pharma India said in a statement. The tablet, a product of the AstraZeneca Group, has been approved in 61 countries, including the US, EU and Japan, and demonstrates an overall favourable benefit risk profile for treatment of patients with type 2 diabetes, it added. The company, however, did not share the price at which it would be selling the tablets. "Xigduo XR will provide physicians and patients with an advanced treatment option that provides better glycemic control, potential weight loss and the reduced risk of hypoglycemia," AstraZeneca India Medical Affairs & Regulatory Head Anilda Dsouza said. With these tablets the company...
IMG to provide relief to the sector reeling under debt of Rs 4.6 lakh crore
Leading IT services provider Tata Consultancy Services (TCS) has bagged a contract in Odisha to implement the Odisha Secretariat Workflow Automation System (OSWAS) recently for cutting down on cumbersome paper work. The contract is values"OSWAS has been implemented in the state secretariat for the last five years. TCS has bagged the contract of about Rs 40 crore to implement the OSWAS 2.0 with added features which will accommodate more notes. All the 39 departments will be using the services", said a senior official of OCAC (Odsiha Computer Application Centre), the implementing agency and the technical directorate of the state electronics and IT department.TCS has been awarded awarded the project for five years through a tender route in which Wipro and one other company also participated. TCS emerged as the L1 bidder. Presently, the IT behemoth is already managing the project for the state government."The physical file movement of official files and documents incurs a lot of time and .
ACC, one of India's leading cement makers and part of the global cement conglomerate LafargeHolcim, has doubled its consolidated net profit during the quarter ended September 30 at Rs 182 crore compared with Rs 90 crore in the corresponding previous quarter.Interestingly, such a strong performance - one of the best in several quarters- came at a time when the country was reeling under monsoon rains. Typically, during monsoons, demand for cement tends to go down and prices remain subdued. Though cement prices remained weak, higher sales coupled with operating efficiencies helped ACC come up with strong quarterly numbers.Share price of ACC traded strong on Tuesday's trade and closed at Rs 1,792.85, up 0.45 per cent after hitting an intra-day high of Rs 1,815.20.The company's net sales grew 25 per cent from Rs 2,435 crore to Rs 3,054 crore as it sold 18 per cent more cement at 5.96 million tonnes against 5.07 million tonnes.In a statement, ACC' s managing director Neeraj Akhoury, said, ..
Pune headquartered Bajaj Auto's stock it a new high of Rs 3,310 after the company announced a profit of Rs 1,112 crore in the second quarter. This profit, while being the second best in company's history, was a per cent lower to the Rs 1,123 crore (the best quarterly profit) it earned in Q2 of previous year. Sales revenue for the quarter stood at Rs 6,461 crore against Rs 6,327 crore last year. EBIDTA margin for the quarter declined to 20.8 per cent from 22.3 per cent last year. The company sold 918,721 motorcycles and 152,789 commercial vehicles (three wheelers) in the quarter, showing an increase of 2 and 14 per cent, respectively. "Raw material price was subdued during the second quarter of previous year. This year raw materials and metals like steel and aluminum have firmed up leading to marginal drop in profit. But a margin of 20.8 per cent is good in the current environment," said S Ravikumar, president (business development) at Bajaj Auto. Kumar said the company is planning to .
Bajaj Auto's turnover inched up by 1% to Rs 6,863 crore from Rs 6,774 crore earned during Q2 of FY17
The car, which comes with eight-speed automatic transmission, can accelerate 0-100 km/hr in just 6.1 seconds
DB Realty said that there are no bankruptcy proceedings pending against the company
The Tea Board of India's Rs. 100 crore proposal to the union commerce ministry to revive the 87-odd gardens in Darjeeling hasn't gone well with the industry as it feels it is too low an amount to provide any respite to the estates which resumed operations after an over 100-day closure.Tea estates in Darjeeling closed abruptly in mid-June following escalated political tensions for a separate state of Gorkhaland.Industry officials opined that atleast a Rs. 300 crore bailout package is needed for restoration of the estates and the Board's recommendation falls too short of their projected requisite.Against the recommended Rs. 330 crore bailout package proposed by the Tea Research Association (TRA) for the now sick tea estates in Darjeeling, the Board decided to cut down the amount to just a little over 30 per cent at Rs. 100 crore - its argument is over the fact that the government can provide relief for a part of the loss but can't subsidise part of an industry fully in hard times.Tea ...
Gross NPAs and net NPAs stood at 5.9% and 3.12% in September quarter against 5.03% and 2.30% in the June quarter respectively
During the quarter, ACC's cement sales stood at 5.96 million tonnes (MT), up 17.55 per cent, compared to 5.07 MT
Sees December quarter revenues from IT services to be in range of $2.01 bn-$2.05 bn
Sees December quarter revenues from IT services to be in range of $2.01 bn-$2.05 bn