Biocon’s arm receives EU GMP compliance certificate

Leading Biopharma firm, Biocon has said that its Malaysian arm Biocon Sdn Bhd has received EU GMP compliance certificate from the Health Products Regulatory Authority of Ireland for its insulin manufacturing facility. “Biocon’s subsidiary in Malaysia, Biocon Sdn Bhd, has been issued a certificate of ‘GMP compliance’ for its insulins manufacturing facility by HPRA (Irelan

BSNL starts corporate e-mail service for Rs 1 per day

BSNL started corporate e-mail service for Rs 1 per day in partnership with Jaipur-based firm Data Infosys, reported PTI. Bharat Sanchar Nigam Limited (BSNL) in a statement said that it has started offering its customers "e-mail services to ensure privacy and security of their data". BSNL customers will be able to avail the service linked to their websites for yearly fee of Rs 365 per

STPI to re-launch BPO promotion scheme after tweaking guidelines

The Software Technology Parks of India (STPI) has tweaked the guidelines of the BPO Promotion Scheme and would re-launch the same soon, an official said here on Thursday.

The scheme, which was launched one and a half years back with the objective to spread the IT and software industry to smaller towns from tier I cities, has two parts - India BPO Promotion Scheme (IBPS) and North East

Amazon opens largest fulfilment centre near Hyderabad

E-commerce giant Amazon on Thursday opened its largest fulfilment centre near Hyderabad with the view to enhance customer experience ahead of the festive season.

The four lakh square feet facility with a massive storage capacity of 2.1 million cubic feet has come up at the Rajiv Gandhi International Airport in Shamshabad, about 20 km south of Hyderabad.

This is Amazon's

Uttar Pradesh sugar production likely to cross 100 lakh tonnes

Sugar production in Uttar Pradesh is set to cross the 100 lakh tonnes mark in the 2017-2018 season starting October, an official said on Thursday.

Sugar production in Uttar Pradesh in the coming season was estimated to be 103 lakh tonnes, state Principal Secretary (Sugarcane Development and Sugar Industry) Sanjay Bhoosreddy said at the Kingsman Asia Sugar Conference here. 

Onward Technologies to adopt Dassault`s industry solutions

Domestic engineering services firm Onward Technologies on Thursday partnered with global tech company Dassault Systemes to adopt Dassault's industry solutions based on its '3DEXPERIENCE' platform.

The partnership is aimed at enabling Onward Technologies to expand its offerings from engineering services to industry solutions.

"With specialisation in product e

Transformation to electric cars is inevitable: Renault India

The transformation to electric cars is inevitable in India for which integration of different industries and building the relevant ecosystem is necessary, Renault India said on Thursday.

"It's an opportunity for our industry. Once policy is defined.... research, cost and fast charging are three key factors in development of an electric car," Renault India CEO and MD Rena

Equities close flat; auto, metal stocks up

Key Indian equity indices -- the NSE Nifty50 and the BSE Sensex -- provisionally closed on a flat note on Thursday with healthy buying in automobile, metal and capital goods stocks.

The wider 51-scrip Nifty50 of the National Stock Exchange (NSE) rose by 18.70 points, or 0.19 per cent, to provisionally close (at 3.30 p.m.) at 9,934.90 points.

The 30-scrip Sensitive

Nifty edges up; U.S. debt ceiling deal supports sentiment

The Nifty edged higher on Thursday, propelled by financials such as Indiabulls Housing Finance Ltd, on positive sentiment as global markets recovered after the U.S. government agreed to raise its debt limit until December.

The Nifty closed 0.14 percent higher at 9,929.90. The benchmark Sensex, however, ended unchanged at 31,662.74.

Shares of Indiabulls Housing Finance closed

India's 2017/18 sugar output seen up 24.2 percent - industry source

NEW DELHI - India's sugar output is expected at 25.1 million tonnes in the year beginning October, up 24.2 percent from the 2016/17 season, an industry source said on Thursday.

Higher output will help India, the world's biggest consumer of the sweetener, obviate import needs in the next season.

After letting mills import half a million tonnes of duty

Trent raises Rs 100 cr via issue of commercial paper

Trent Ltd said it has raised Rs 100 crore by issuing and allotting Commercial Paper. The proceeds will primarily be used to refinance upcoming repayments, the company said in a filing to the Bombay Stock Exchange. Credit Analysis & Research assigned a credit rating of ‘A1+’ to the said instrument.

Instruments with CARE A1 rating are considered to have very strong degre

Wipro bags IT applications contract from Outokumpu

Leading IT firm, Wipro has said that it has won a five year IT applications management contract from global leader in stainless steel production, Outokumpu. “As part of the five-year contract, the company will provide applications management services for Outokumpu’s SAP landscape along with legacy applications support to cover Outokumpu locations, globally.

Leveraging the

Infosys opens state-of-the-art office space in Amsterdam

Infosys, a global leader in consulting, technology and next-generation services has said that it has opened a new state-of-the-art office space in Amsterdam. “The office was inaugurated by the Deputy Mayor of Amsterdam, Ms. Kajsa Ollongren, together with the Indian Ambassador to The Netherlands, Mr. Venu Rajamony, in the presence of Mr. Mohit Joshi, President and Head of Banking, Financia

NTPC offers 2.74 cr equity shares to staff at below Rs 160/share

State-run NTPC Ltd on Wednesday announced it has offered 2.74 crore equity shares to its employees at a discounted price of Rs 159.60 per share.

"... the government of India has offered 2,74,02,498 equity shares of Rs 10 each to the eligible employees of NTPC at discounted price of Rs 159.60 per share," India's largest power generator said in a stock exchange filing.

Equities marginally in green; auto, metal stocks up

Key Indian equity indices -- the NSE Nifty50 and the BSE Sensex -- traded on a flat note during the mid-afternoon session on Thursday on the back of broadly positive Asian markets and healthy buying in automobile, metal and healthcare stocks.

Around 12 p.m., the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) was up 12.25 points, or 0.12 per cent, to trade at 9,928.45 poin

Eicher set to make $1.8 billion-$2 billion binding bid for Ducati - paper

India's Eicher Motors is set to make a $1.8 billion-$2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, sending the shares in the maker of Royal Enfield motorbikes to a record high.

Eicher is believed to be the only Asian company left in the auction and is currently finalising terms with advisers ahead of the scheduled bid dead

HUL`s new unit in Assam starts commercial production

The Rs 1000 crore personal care products unit of Hindustan Uniliver Ltd at Doomdooma in Assam began Commercial production, reported PTI. Assam Chief Minister Arbananda Sonowal and Global CEO of Uniliver Paul Polman jointly inaugurated the new unit, the fourth in the state. Polman said that Uniliver is committed to Prime Minister Narendra Modi's 'Make in India' plan.

The un

Escorts targets 17% tractor sales increase in FY18

Engineering conglomerate Escorts on Wednesday said it expects its tractor sales to increase by over 17 per cent in 2017-18.

According to the company, it has set an off-take of 75,000 units as the overall sales target for tractors during the fiscal under review from 63,786 sold during 2016-17.

"We have set a target to sell about 75,000 units (tractors) during this fiscal

RIL forays into new materials, buys Kemrock Industries` assets

Mukesh Ambani-led Reliance Industries (RIL) on Wednesday announced its foray into the composites, or new materials, business with its acquisition of assets of Kemrock Industries based at Vadodara in Gujarat.

"RIL participated in an on-line e-bidding process held recently by Allahabad Bank, being leader of the consortium of 11 Banks to sell/dispose off assets of Kemrock Industries

Nestle R&D Centre launches first food safety institute in India

Nestle India on Wednesday said it has inaugurated the first Nestle Food Safety Institute (NFSI) in the country at its Research and Development (R&D) Centre in Manesar to develop a collaborative approach towards ensuring safe food.

According to the company, NFSI India -- an integral part of Nestle R&D Centre India -- will work closely with the Nestle Research Center in Lausanne

BSNL, Coriant tie up to chart 5G, IoT path

State-owned Bharat Sanchar Nigam Limited (BSNL) on Wednesday entered into an agreement with US-based networking solutions provider Coriant to chart the path to 5G and Internet of Things (IoT) in India, a company statement said here.

The Memorandum of Understanding was signed between BSNL and Coriant for laying foundation for innovation in network architectures and services leveraging

Renault India sees uptrend in demand for Lodgy from fleet segment

French auto company Renault's Indian subsidiary, Renault India on Wednesday said it is targeting to close this year selling over 100,000 units in the domestic market while seeing an uptrend in demand for its multi-purpose vehicle (MPV) Lodgy from the fleet segment.

Renault India CEO and Managing Director Sumit Sawhney also said that Renault India will ship its models to Bhutan and

Indus Towers joins hands with Indian Oil to expand network

New Delhi Tower infrastructure company Indus Towers signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL), for setting up a mobile tower network across all 26,000 outlets pan-India, a company statement said here on Wednesday.

"Indus Towers' unique proposition of building robust infrastructure at various IOCL retail ou

HDFC Bank's 'Eva' becomes India`s smartest chatbot

Artificial Intelligence (AI)-based chatbot 'Eva' -- built for HDFC Bank by Bengaluru-based Senseforth AI Research -- has successfully addressed over 2.7 million customer queries in six months to become the country's largest banking chatbot.

According to HDFC Bank, it collaborated with Senseforth and launched 'EVA' (Electronic Virtual Assistant) in March this year o

Sensex, Nifty end lower, rupee hits three-week low on North Korea tensions

Indian shares fell on Wednesday, while the rupee hit its weakest level in three weeks against the dollar as tensions over North Korea's latest nuclear test continued to weigh, spooking investor sentiment globally.

The Nifty ended 0.36 percent lower at 9,916.20, while the Sensex closed 0.46 percent lower at 31,661.97. ITC Ltd fell 2.5 percent and was the biggest drag on the indexes