Signum Hotels, IQI India to invest USD 150 million in acquiring assets
NEW DELHI: On Wednesday, Signum Hotels & Resorts and real estate advisory firm IQI India have announced the formation of a joint venture PDG Signum Hospitality to develop hotel assets. The joint venture committed an investment of USD 150 Million in developing hotel assets across the country, and globally, over a period of 2 to […]
Serum Institute of India require around Rs 3,000 crore to ramp up vaccine production: Adar Poonawalla
NEW DELHI: Serum Institute of India (SII) would require around Rs 3,000 crore to ramp up production capacity for making vaccines for Covid-19, its CEO Adar Poonawalla said on Tuesday. “We need roughly Rs 3,000 crores which is not a small figure considering we have already spent thousands of crores. We have to find other […]
Jio inks pact with Airtel to buy some spectrum in 800 MHz band
NEW DELHI: Reliance Jio has signed an agreement with Bharti Airtel to acquire a portion of spectrum in 800 MHz band for Andhra Pradesh, Delhi and Mumbai circles at an aggregate value of Rs 1,497 crore — marking the first such deal between the two telecom giants. With this spectrum trading agreement, Airtel will receive […]
Saregama inks global music licensing deal with Triller
NEW DELHI: Saregama, one of India’s largest music labels, has announced a global music licensing deal with widely popular short format video platform, Triller. As part of this deal, Saregama will license its entire catalogue to Triller allowing users to create innovative content using the robust music library of over 1,30,000 songs in diverse Indian […]
Bajaj Allianz new policy covers 43 critical illnesses
NEW DELHI: Bajaj Allianz General Insurance on Tuesday launched a new health policy that covers as many as 43 critical illnesses. On average the industry offers 5-30 customised critical illnesses but at 43 critical illness coverage this is among the largest, the company said. The new policy, developed after extensive customer feed back through market […]