Industry-The Economic Times 5 April 2018

IndiGo opts out of race to buy Air India

From day one, IndiGo has expressed its interest primarily in the acquisition of Air India’s international operations and Air India Express, said IndiGo's Aditya Ghosh.

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Delhi High Court asks Fortis Healthcare to respond on Daiichi's plea

The court also asked RHC Holding Pvt Ltd and Oscar Investments Ltd, companies controlled by the Singhs, to explain how they had arrived at the realisable value of shares in March 14, 2017 order.

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Punarnava Ayurveda to cash in on rise in Russian medical tourists to Kerala

Russian medical tourists who were going mostly to Goa have now started to explore the ayurvedic facilities in Kerala.

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Safety violations in Indian skies down in 2017

To a separate question, the minister said Air India has corrected its procedure as far as post-flight breath-analyzer examination is concerned for international flights coming from abroad.

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Domestic non-ferrous metal consumption grows 7%-10% in Apr-Dec 2017

Yet, domestic non-ferrous metal production still exceeds consumption as domestic manufacturers are expected to operate at a high asset-utilisation levels.

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Yamaha installs solar power plant at its Chennai facility

The new rooftop installation would reduce CO2 emission to the extent of 1600 tons/year. Yamaha has partnered with Mahindra Susten for the installation of these Rooftop Solar panels.

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Continental announces Alexander Klotz as a new head for India R&D Center

Klotz will be instrumental in taking TCI to its next level of growth, as a trusted partner augmenting Continental’s global R&D competence, the company said in a statement.

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Southern Railway clocks Rs 7,670 crore revenue in FY18

The entity's revenue increased through transportation of cargo by 4.7 per cent to Rs 2,739 crore during the last financial year.

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Telangana to spend Rs 38,000 crores for three power projects

A press release from TS Transco CMD, D Prabhakar Rao said, a 24-hour power scheme will be successfully implemented from January 1 onwards for as many as 23 lakh agriculture pump sets in Telangana.

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Degree or diploma? IIMs free to choose, says HRD

Despite the ministry allowing them to grant degrees to their students, IIMs have not yet arrived at a consensus on the matter.

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60% of restaurants in Delhi, Mumbai, Bengaluru on high streets: CBRE

Nearly 82 per cent of the restaurants in these three cities are domestic standalone outlet/chains, while the remaining 18 per cent restaurants being of international origin.

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Star India’s bid of Rs 6,138.10 crore won the rights for next 5 years

While the auction also saw aggressive bidding from Sony Pictures Networks India (SPN) and Reliance Jio, it was Star India’s bid of Rs 6,138.10 crore, which decided the winner.

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Glenmark recalls over 1 lakh bottles of anti-inflammatory drug in US

Glenmark Pharmaceuticals Inc USA is recalling 109,080 bottles of Indomethacin capsules USP, 50 mg, 100-count bottle, manufactured by Glenmark Pharmaceuticals at its Goa plant, USFDA said.

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Fortis to take on Daiichi in case to block its Rs 3,900-crore deal with Manipal Health

Daiichi had approached court on Thursday to stall the deal until it was paid a Rs3,500 crore arbitration award by Fortis’ erstwhile promoters Malvinder and Shivinder Singh.

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India shuts down Bitcoins, other virtual currencies, prohibits any dealing with banks

In the past, the Indian government and the Reserve Bank of India have issued several warnings against dealing in cryptocurrencies including Bitcoins, the former even comparing it with a Ponzi scheme.

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