Fearing crime, Police crack down on football in Kerala

An order by the district police chief of Wayanad, a hill district of Kerala known for its sports enthusiasts and academies, has riled sports lovers across the state. The order issued by District Police Chief Aravind Sukumar two days ago has made it illegal to operate flood-lit football turfs — scores of which have sprung […]

HCL Tech inaugurates swanky new office in Colombo with 10 floors, 4k seats

HCL Tech, one of the top five IT services providers based out of India, announced the opening of its largest delivery center in Sri Lanka. Located in a newly built complex known as Cinnamon Life in Colombo, the 10-storey center will accommodate 4,000 workers — four times the number of Sri Lankans employed by the […]

Maruti Suzuki, Toyota’s scrapping factory starts operations

Maruti Suzuki and Toyota Group’s have created the first major, scientific auto-scrapping unit in India at NOIDA near Delhi. The factory can disassemble and recycle 24,000 vehicles per year, and has been constructed at a cost Rs 44 cr. “‚ÄúTill now there was no scientific, clean and healthy way to dispose a car at its […]

BEL gets biggest ever export order as part of IAF’s Airbus C-295 order

Government of India-controlled Bharat Electronics Ltd, a manufacturer of defence electronics, said it received its largest ever export order in the form of a Make in India offset-contract from European aircraft manufacturer Airbus Defence & Space. In September this year, Indian Air Force had signed a Rs 20,000 cr contract with Airbus Defence and Space […]

Sabu Jacob’s Kitex Garments starts Telangana unit

Kitex Garments has incorporated a new company in Telangana, Andhra Pradesh, with an initial capital of Rs 100 cr, in keeping with the company’s earlier announcement of shifting some of its expansion to the new South Indian state. The Kerala-based company had created controversy in its home state several months ago due to political statements […]

Happy with work-from-home, no plans to go back to office- HGS

Hinduja Global Solutions, one of India’s largest BPO providers with nearly 47,000 employees, said it was quite happy with how things are going under the ‘work from home’ mode, and has no immediate plans to shift employees back to the office. The comments come even as IT firms like TCS have asked employees to be […]

Dixon starts making fully automatic washing machines for BOSCH

Dixon Technologies, one of the rare success stories of India in electronics manufacturing, said it has started making fully automatic washing machines. The appliances are being made for BSH Household Appliances Private Ltd, the local unit of the global giant that owns brands such as Bosch. Manufacturing has been started at Dixon’s Tirupati factory. Before […]

V2 Retail says 2021 festival sales above pre-COVID levels

V2 Retail, one of India’s largest value retail chains specializing in fashion and items of daily use, reported strong sales growth for July-September, and said the festival season this year has so far been better than pre-pandemic levels. Outside travel, tourism and entertainment sectors, the company had been one of the worst hit by the […]

Demand for sugar, BP machines drive Morepen Q2 profits

Medical devices and chemicals manufacturer Morepen Laboratories reported a strong increase in revenue and profitability, as demand for its home diagnostic equipment such as glucose meters shot up in the aftermath of the COVID-19 pandemic. The company’s revenue for the Jul-Sep period jumped by 17% on year to Rs 398 cr, while net profit jumped […]

Polycab sells copper plant to Hindalco for Rs 168 cr plus debt

Polycab India Limited, one of the best performing mid-sized companies in India and a maker of electrical goods, said it has decided to sell its copper rod manufacturing business to metal refiner Hindalco Industries, part of the Aditya Birla group of companies. Polycab said it decided to take this step as Hindalco would be better […]

October Auto Sales: Tata Motors sets a record, Maruti Suzuki has another terrible month

Tata Motors again surprised on the upside with its excellent performance as far as October auto sales are concerned, even as market leader Maruti Suzuki faced yet another month of depressingly poor sales in its core hatchback segment. Mahindra & Mahindra, meanwhile, beat the blues thanks to strong demand for its newly launched XUV700 model. […]

Kolte-Patil has a good quarter on strong real estate market

Kolte-Patil Developers reported a strong second quarter for the financial year, as the real estate recovery seen in earlier quarters continued apace. The company’s collections — a measure of the cash it managed to collect from buyers — zoomed 86% compared to the COVID-ravaged second quarter of last year, and was up 34% compared to […]

Hindustan Times group to bid for IPL team

Hindustan Media Ventures, the HT Media subsidiary that runs Hindustan — one of India’s largest newspapers — said it has decided to bid for an IPL team in the ongoing auctions. With this, Hindustan Media Ventures joins a longish list of companies interested in owning the two new franchises. Companies who win the auction will […]

Zydus Cadila starts crucial trial for fatty liver drug

Cadila Healthcare, also known as Zydus Cadila, said it has started enrolling patients in a trial that can potentially yield the first FDA approved treatment for NASH or non-alcoholic fatty liver disease with inflammation. Fatty liver disease, caused by the deposition of fat in the liver, is divided into alcohol-related and non-alcohol related. Within non-alcoholic […]

Ramkrishna Forgings wins Indian Railways order for loco shells

Ramkrishna Forgings, which recently diversified beyond the automobile market to tide over the uncertainties associated with the sector, has won yet another contract from Indian Railways. The company said it won a contract o supply loco shells, the shell or body of locomotive engines or train engines. The value of the contract was not disclosed. […]

Palred launches India’s cheapest Alexa speaker at 1,799

Palred Tech, which sells IT and entertainment accessories under the pTron brand, has launched India’s cheapest Alexa speaker, priced at just Rs 1,799. The speaker comes with Alexa voice commands, and supports streaming music from services such as Amazon Prime Music, Gaana, Hungama Music, Jio Saavn and so on via wifi. pTron Musicbot Cube will […]