Unsold power at exchange could have lit three million homes in August

During August average daily sell bids was 8,904 MW and average daily buy bids were 5,518 MW – around 3386 MW of power remained unsold... Read more »

Tata Capital sells stake in Indian dialysis service provider to Fresenius Medical Care

FMC’s acquisition of Sandor marks the beginning of a series of investments the company intends for its expansion in the Indian dialysis market. Read more »

With too few takers, Kolkata sees 42% office space lying idle

According to a Cushman & Wakefield study , 42.4% office space of the Grade A category is lying vacant in Kolkata. Read more »

Indian Broadcasting Foundation elects Punit Goenka as president

The IBF Board also elected Rajat Sharma, N.P. Singh, Sudhanshu Vats, K. Madhavan as Vice-Presidents; and K.V.L. Narayan Rao as the Treasurer. Read more »

Indian Artizans picks up majority stake in designer label Debarun

Indian Artizans is a host to designers like Jayati Goenka, ANS by Astha and Sidharth who work closely with the weavers to create products. Read more »

Fresenius acquires 85 per cent stake in Sandor Nephro Services

Established in 2011, Sandor Nephro Services operates around 55 dialysis centres while Fresenius Medical Care runs three such centres across the country. Read more »

Cipla gets USFDA nod for overactive bladder treating drug

"We have received final approval for ANDA for Darifenacin extended-release tablets, 7.5 mg and 15mg, from USFDA," a company statement said here. Read more »

Jet Airways launches inflight wireless streaming technology

It includes 220 hours of video and audio content such as Hollywood and Indian movies, TV shorts, music from multiple genres, interactive games, as well as children's programmes. Read more »

Two independent valuations report must before sale of bad loan above Rs 50 crore: RBI to banks

The revised norms may help banks clean their books as they have seen pile up of bad loans that have touched Rs 6.20 lakh crore. Read more »

German energy utility Uniper and India Power form 50:50 joint venture in power plant service

Uniper, an international energy company that offers a broad range of services with a focus on power generation and global commodity trading. Read more »