EEPC India opens technology centre in Kolkata

KOLKATA: EEPC India on Wednesday opened its technology centre in Kolkata, the second such facility for helping engineering exporters, particularly in the MSME sector, to scale up on the technology-led value chain to...

Goa cuts road tax on new vehicle purchase for Oct-Dec period

In a bid to boost demand in the auto sector battling downturn, the Goa government on Wednesday announced to slashroadtax by 50 per centon the purchase of any type of new vehicles for...

Biocon's Malaysian arm gets EU GMP certification for insulin manufacturing facility

Biotechnology major Biocon on Thursday said its Malaysian arm has received the European Union Good manufacturing practice (EU GMP) certification for its insulins facility in Malaysia. Biocon Sdn Bhd, the company's subsidiary in Malaysia...

Realtors in bankruptcy court double in past year

BENGALURU: The number of property developers who have been dragged to the bankruptcy court has more than doubled in less than a year as a prolonged slump in sales and the ongoing liquidity...

Norwest Venture Partners Invests Rs 56 crore in SILA

MUMBAI: Mumbai-based real estate consultant SILA group has raised Rs 56 crore of growth capital from venture and growth equity investment firm Norwest Venture Partners. It plans to use the funds to provide...

South cities housing absorption slumps, Pune and MMR race ahead

BENGALURU: Unlike earlier, the resilient markets of south India are beginning to feel the heat of the overall residential slowdown in 2019, according to a report. As per ANAROCKs recent research, the southern cities...

Oil prices SURGE as OPEC talks 'almost reach deal' after Iran asks for exemptions

It was previously reported that Iran was seeking exemptions from a planned cut in oil production, causing OPEC talks to reach a deadlock. It has since been suggested that OPEC and allies have...

Cuadrilla halts fracking after biggest tremor yet at Lancashire site

Cuadrilla was forced to halt fracking at its shale gas site near Blackpool in Lancashire on Wednesday night after triggering the largest tremor recorded at the location. The tremor closed down operations at the...

Airtel to deploy Ericsson's 5G solution to boost network

Swedish telecom gear maker Ericsson on Wednesday signed a deal with Bharti Airtel to deploy its 5G-ready Cloud packet core in the domestic telecom major's network in the country. The deployment would enhance capacity...

Jet Airways receives bids from 5 companies, defers deadline for expressions of interests

MUMBAI: As many as five companies are said to have submitted expressions of interest (Eo-Is) in picking up stakes in Jet Airways that have been put on sale by lenders as part of...