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BUSINESS

Voltas launches Amazon Alexa compatible Air Conditioners

Voltas has launched of Smart ACs that can be controlled using simple voice commands with Amazon Alexa. During the upcoming festive season, this new range including the Voltas Inverter Split AC and Voltas Split AC, is available exclusively on Amazon. These Smart ACs from Voltas can be controlled using Amazon ... Read More »

IndusInd Bank launches ‘IndusInd Bank Duo Card’

IndusInd Bank has launched the IndusInd Bank Duo Card which is India’s first 2 EMV chip debit cum credit card. This two-in-one Duo Card with two Magnetic Stripes & 2 EMV Chips brings the functionalities of both debit and credit cards to the Indian consumer, on one plastic. With a ... Read More »

TCS becomes Microsoft Azure Expert Managed Service Partner

Tata Consultancy Services (TCS) has been named a Microsoft Azure Expert Managed Service Partner (MSP) by Microsoft. This new designation recognizes TCS’ proven expertise in delivering the highest quality of service on Azure and builds on its status as a Microsoft Gold Competency partner. TCS is an IT services, consulting ... Read More »

HCG’s associate company inks agreement with Quest Diagnostics

HealthCare Global Enterprises’ (HCG) associate company — Strand Life Sciences has entered into an agreement to acquire the India medical diagnostics business of Quest Diagnostics, the world’s leading provider of diagnostic information services. The two companies will work together to manage the transition, and aim to close the sale by ... Read More »

Graphite India decides to halt operations at Bengaluru plant

Graphite India has decided to halt operations in its Bengaluru graphite electrode plant by halting the furnaces in a sequential manner by October end, during the ongoing revamp work for the replacement of roof sheets. The revamping work would be completed by end November 2018. The company intends to make ... Read More »

Scan Steels enters into OTS with three banks

Scan Steels has entered in One Time Settlement (OTS) with three Lender Banks among consortium members namely IDBI Bank, Bank of India and Central Bank of India. The company has made full and final payment under OTS/NS Scheme with IDBI Bank for Rs 23 crore, Bank of India for Rs ... Read More »

Rupee slumps 33 paise to close at record low of 74.39

Mumbai : The rupee slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar Tuesday on high crude oil prices, strengthening of the greenback and unabated foreign fund outflows. At the Interbank Foreign Exchange (Forex), the rupee made a cautious recovery of 18 paise ... Read More »

TCS ‘Billion Steps Challenge’ registers huge success

Tata Consultancy Services’ (TCS) ‘Billion Steps Challenge’ has received an overwhelming response, with over 200,000 participants across the globe registering and collectively logging a record three billion steps. At over 2.4 million kms, this distance is equivalent to three return trips to the moon, or going sixty times around the ... Read More »

Kerala Ayurveda inks JV agreement with Sanghvi Brands

Kerala Ayurveda has signed a Joint Venture (JV) Agreement with Sanghvi Brands to develop Ayurvedagram Wellness Resorts and Ayurvedagram inspired Ayurvedic Spas across the world. The company and Sanghvi Brands each shall hold 50% of the paid-up share capital of the JV Company. The joint venture will leverage the unparalleled Ayurveda ... Read More »

Copper futures trade in green on firm trend overseas

Copper futures traded in green on MCX, on frantic buying by speculators tracking firm red metal in overseas market. Besides, restricted supply and sliding stocks of copper also fuelled the uptrend. The contract for November delivery was trading at Rs 461.15, up by 1.11% or Rs 5.05 from its previous ... Read More »

Cardamom futures trade higher on rising demand

Cardamom futures traded higher on MCX, with the fresh buying by market participants tracking rise in demand. Moreover, report that the heavy rain for a prolonged period have led to fungal diseases in plantations, and plantations spread over 1,337.60 ha in Kerala’s Idukki district had been damaged which added to the ... Read More »

Lupin launches generic Clobetasol Propionate Ointment in US

Lupin has launched Clobetasol Propionate Ointment USP 0.05%, having received an approval from the United States Food and Drug Administration (USFDA) earlier. Clobetasol Propionate Ointment USP 0.05% had annual sales of around $93.4 million in the US (IQVIA MAT June 2018). The company’s Clobetasol Propionate Ointment USP, 0.05% is the ... Read More »

Coriander futures edge up on rising demand

Coriander futures edged up on NCDEX as speculators built up fresh positions on the back of rising demand at the spot market. Further, limited arrivals from major producing regions also fuelled the uptrend. The contract for December delivery was trading at Rs 4918.00, up by 0.14% or Rs 7.00 from ... Read More »

DSP Mutual Fund introduces FMP Series-245-5M

DSP Mutual Fund has launched the DSP FMP Series-245-5M, a close ended income scheme. The NFO opens and closes for subscription on October 09, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 ... Read More »

Sanghvi Brands enters into JV agreement with Kerala Ayurveda

Sanghvi Brands has entered into a Joint Venture (JV) Agreement with Kerala Ayurveda to establish, manage and operate wellness resorts and wellness ayurvedic spas under the new brand name jointly agreed by the parties to develop Ayurvedagram Wellness Resorts and Ayurvedagram inspired Ayurvedic Spas across the world by way of ... Read More »