Fossil Group enters agreement to sell select smartwatch technology to Google
NEW DELHI: Fossil Group announced its plan to sell to Google for $40 million, intellectual property (IP) related to a smartwatch technology currently under development by the Fossil Group. As part of the transaction, a portion of Fossil Group’s research and development (R&D) team currently supporting the transferring IP will join Google. Fossil Group retains […]
Narendar Modi to visit Dadra and Nagar Haveli tomorrow
NEW DELHI: The Prime Minister of India Narendra Modi will visit Silvassa the capital of Dadra and Nagar Haveli tomorrow on 19 January 2019. During the visit, he will lay the foundation stone of Medical College in Sayli, Dadra & Nagar Haveli. Prime Minister will also unveil plaque to inaugurate various development projects in Daman […]
Narendra Modi to lay foundation stone of Nirali Cancer hospital at Navsari
NEW DELHI: The Prime Minister of India Narendra Modi will visit Hazira in Surat tomorrow on 19 January 2019. At Hazira, He will visit L& T Armoured Systems Complex and will unveil a plaque to dedicate it to the nation. He will also lay the foundation stone of Nirali Cancer hospital at Navsari. The ultra-modern […]
UCO Bank board approves raising Rs1,000 crore via QIP
NEW DELHI: State-owned UCO Bank on Thursday said it has got board approval for raising Rs1,000 crore through sale of shares on private placement basis to fund business growth. The board of the bank, in its meeting held on Thursday, also approved raising Rs500 crore from tier-II bonds. The equity capital of Rs1,000 crore would […]
Honda to hike vehicle prices by up to Rs 10,000 from next month
NEW DELHI: Honda Cars India on Thursday said it will increase prices of its vehicles by up to Rs 10,000 from next month in order to partially offset the impact of increase in commodity prices and foreign exchange rates. The company will hike price of its premium SUV CR-V by Rs10,000 and other models by […]
IL&FS says unable to meet interest payment obligation
NEW DELHI: Infrastructure Leasing & Financial Services Ltd (IL&FS) on Thursday said it would be unable to service its obligation in respect of interest of non-convertible debenture due on January 19. “The company would be unable to service its obligation in respect of the interest of non-convertible debenture due on January 19,” the company said […]
Reliance Industries 1st private firm to post Rs 10, 000 crore quarterly profit
NEW DELHI:Reliance Industries Ltd (RIL) on Thursday became the first Indian private sector company to report a quarterly profit of more than Rs 10,000 crore after record earnings from petrochemical, retail and telecom business offset a dip in refinery margins. The oil-to-telecom conglomerate reported an 8.8 per cent rise in its consolidated net profit to […]
Reliance Jio Q3 net profit jumps 65% to Rs 831 crore on rise in customer base
NEW DELHI: Telecom operator Reliance Jio on Thursday reported a jump of 65 per cent in its net profit to Rs 831 crore during the December 2018 quarter, mainly on account of a rise in customer base. The company had recorded a net profit of Rs 681 crore in the corresponding period a year ago. […]
IBC Section 29A needs more clarity: SBI
MUMBAI: State Bank of India (SBI) chairman Rajnish Kumar said Section 29A of Insolvency and Bankruptcy Code (IBC), which disallows defaulting promoters and related persons from bidding for assets, is being “stretched too far”. Speaking at an event in Mumbai, he said most of the litigation at present are due to Section 29A. “But this […]
Noida-Greater Noida metro line to start from this month
NEW DELHI: The Noida-Greater Noida Metro Rail line will be “likely” inaugurated on January 25 by Uttar Pradesh Chief Minister Yogi Adityanath, the Noida Metro Rail Corporation (NMRC) said on Thursday. The rail corridor also known as the Aqua Line would run between Sector 51 station in Noida and the Depot Station in Greater Noida, […]
Tata’s Trent buys 1.5 lakh sq ft space in Lodha’s project
NEW DELHI: In a major commercial deal, Tata Group’s retail arm Trent has acquired five floors of office space in Lodha Group’s commercial building Lodha Excelus at New Cuffe Parade for a transaction value of Rs 300 crore. Of the 5 floors, the company, as the first and anchor client, has bought four floors on […]
GoAir seeks increase in flying rights to Thailand amid increasing demand
PHUKET: Budget carrier GoAir is looking for an increase in flying rights to Thailand amid growing air passenger traffic, according to a senior airline official. GoAir Vice-President (International) Arjun Dasgupta said the airline wants to launch flights from seven more Indian cities, including Chandigarh and Lucknow, to Phuket. Currently, it has direct flights to Phuket […]
Gaurs Group raises Rs 640 crore from PNB Housing Finance Limited
NEW DELHI: Gaurs Group has raised Rs 640 crores from a housing finance company, PNB Housing Finance Limited to speed up construction of Gaur City Mall and 7th Avenue at Gaur City both at Greater Noida West. The group is speeding up the construction of Gaur City Mall and 7th Avenue at the Gaur City […]
Fortis Healthcare completes acquisition of RHT assets
NEW DELHI: Fortis Healthcare on Tuesday said it has completed the acquisition of RHT Health Trust (RHT) assets. In February last year, Fortis had announced that it has entered into definitive agreements with RHT to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore. “The company has […]
Airtel launches 4G services in Andaman and Nicobar
NEW DELHI: Telecom service provider Bharti Airtel today announced the launch of its 4G services in Andaman and Nicobar Islands. Airtel is the first mobile operator to launch high speed data services on the archipelago, which is now connected to the digital superhighway. Airtel’s 4G services will enable local residents to enjoy digital services like […]
Adani Group launches its luxury residential project in Pune
NEW DELHI: Ahmedabad-based conglomerate Adani Group said that it has launched its luxury residential project in Pune’s Koregaon Park NX. The project named Atelier Greens, focuses on offering lifestyle beyond the carpet area, drawing inspiration from making spaces where art of living grows naturally. Nestled in the city center, yet amidst abundant greenery and open […]