Q3 Results: Bharti Airtel seen ahead of Reliance Jio in growth

Bharti Airtel is expected to report the highest revenue growth of all three Indian telecom companies when they announce their numbers for the October-December period, starting later today. This is despite the fact that Reliance Jio would have added several times more new subscribers that Airtel during the period. Broadly, industry observers believe that Bharti […]

TCS says still committed to 25-by-25 remote work model

Tata Consultancy Services, the country’s largest IT services company, today reiterated that it is committed to its 25-by-25 model according to which the company has set a goal of reducing office attendance for its employees by 75% by the year 2025. According to the model, which was unveiled soon after the COVID-19 pandemic forced the […]

DLF sells Rs 1,500 cr worth of luxury flats in ONE Midtown in Delhi

DLF, one of India’s top real estate developers, said it has sold Rs 1,500 cr worth of luxury flats in ONE Midtown, its upcoming addition to the high-end Midtown township project being created west of Patel Nagar in Delhi. Midtown is designed as an ‘ecosystem of luxury residences, office and commercial spaces’ in ‘rolling acres […]

NSE gets SEBI nod to launch midcap index futures

National Stock Exchange of India said it received approval from market regulator Securities Exchange Board of India (SEBI) to launch derivatives based on the Nifty Midcap Select Index. The Exchange will launch these index derivatives from January 24, 2022.   “The current availability of index derivatives on the exchange is largely focused on either the large […]

Banks beat IT cos in 2021 job growth, media sees biggest fall

Industries such as banking and financial services and insurance (BFSI), and production and manufacturing showed the highest growth in hiring activity in 2021, while media and construction segments showed the biggest declines, said Monster.com India in its annual trends analysis. The BFSI and the manufacturing sectors both saw hiring rise by 31%, while telecom witnessed […]

ONGC to connect rigs, ships with high-speed data

ONGC, India’s largest producer of oil and gas, has appointed satellite services provider Nelco to upgrade its in-house Ku band satellite communication system to enable high-speed data and voice services for its sites off India’s western shoreline. The move will improve connectivity between ONGC’s offshore platforms, drilling rigs, vessels and onshore locations and improve the […]

Zee Media promoters safeguard stake as co issues 13.5 cr warrants

Zee Media Corp, the company that runs Zee branded news channels, has issued warrants for 13.5 cr shares to promoter group Subash Chandra family, further strengthening the promoters’ efforts to protect their position in the company. Currently, the company has around 62.54 cr outstanding shares. Out of this, only around 5.33 cr — or 8.52% […]

Sun Pharma to bring molnupiravir COVID-19 pill to India in 1 week

Sun Pharmaceutical Industries said it has received Emergency Use Authorization or EUA from India’s Drugs Controller General of India (DCGI) to manufacture and market a generic molnupiravir in India, a week after the US-FDA gave an EUA to its use in the US. The company has promised to make the oral drug, under the brand […]

Strides Pharma starts making Sputnik COVID vaccine in India

Strides Pharma Science Ltd said its mega vaccine plant in Bangalore is ready and has started commercially producing Russian COVID vaccine Sputnik Light. “As previously committed, the company is on track to commercialize this vaccine for Global markets in Q4FY22,” it added. Strides Pharma unit Stelis was the third pharma manufacturer in India to sign […]

Tejas Mark 1A production to start in 2023, BEL gets 2.4k cr order

Plans to bring out a more improved version of India’s indigenous fighter aircraft, Tejas, have moved a step closer to fruition with the award of a Rs 2,400 cr contract by Hindustan Aeronautics Limited (HAL) to Bharat Electronics Ltd (BEL). The contract has been awarded for the supply of 20 types of airborne electronic systems […]

Morepen Labs’ exports to get ‘major boost’ with FDA nod for Allegra

Morepen Laboratories said it expects its US export business to get a major boost now that the US FDA has given it the go-ahead to export allergy drug Allegra to that market. Fexofinadine, invented by Sanofi Aventis, is the most widely used, second generation antihistamine drug for the treatment of allergy symptoms and hay fever, […]

Maruti Suzuki denies demand problems, says rural demand intact

India’s largest car maker Maruti Suzuki today denied that it was facing problems with demand, and said the recent slowdown in sales is because of availability of semiconductor chips. Shashank Srivastava, executive director in charge of sales and marketing, denied that the company was facing any issues liquidating its inventory, and said stocks were well […]

LIC gets RBI nod to continue buying Kotak Mahindra Bank shares

Life Insurance Corporation of India, a government-controlled insurance company that has the highest share of the market in India, can continue to increase its stake in private lender Kotak Mahindra Bank, having got the nod from Reserve Bank of India to increase its stake to 9.99%. LIC has been increasing its stake in Kotak Mahindra […]