Carlyle to acquire about 25% stake in Airtel’s Nxtra Data
This will peg the enterprise valuation of Nxtra at USD 1.2 billion The Carlyle Group will acquire about 25% stake in Airtel’s data centre business, Nxtra Data, for USD 235 … Read More
Category: Industries
TRAI advocates domestic manufacturing of telecom equipment, bats for digital sovereignty
TRAI chief stressed on the need to promote domestic manufacturers of hardware, signalling equipment, fibre and other equipment. Telecom regulator TRAI on Monday strongly advocated domestic manufacturing of telecom equipment … Read More
Supreme Court must allow American energy to flourish, it's not the time to roll the dice
Energy markets on coronavirus ‘probably most dangerous trade’ to be seen: Oil analyst Phil Flynn of the Price Futures Group on oil trading down amid the coronavirus. Amidst one of … Read More
‘NRIs from Gulf show appetite for home purchases in India’
Capital appreciation, an attraction: Godrej Properties CMO Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region are seen investing in real estate in India despite the global economic scenario … Read More
Tata Power to sell ships for $212.76 million
The objective of the transaction is to have an asset-light model for the shipping requirements of the company and the sale proceeds will be used towards reducing the debt as … Read More
Biocon, Mylan get U.S. FDA approval for insulin glargine injection
It will increase access and affordability of insulin for millions of Americans with diabetes. Semglee, a drug for diabetics, co-developed by Mylan and Biocon Biologics, has secured U.S. FDA approval … Read More
Can coffee growers deploy MGNREGA workers?
Labour alone accounts for up to 60-70% of the total cost of production Professional services firm Ernst & Young LLP has suggested coffee growers avail the services of MGNREGA workers … Read More
Telecom tariffs still unsustainable: Airtel
Telco hopeful that ARPUs will rise Even though the telecom industry has witnessed some ‘repairs’, more needs to be done on tariffs which are still ‘unsustainably low’, Gopal Vittal, MD … Read More
Criteria for ‘medium’ units to be revised
Companies with up to ₹50-crore investment, ₹200-crore turnover will come under this classification Days after changing the definition of MSMEs, the government has decided to further revise the criteria for … Read More
Automobile majors resume partial operations
India’s largest automaker Maruti Suzuki to restart vehicle production at Manesar plant from May 12 Royal Enfield, TVS Motor Company, MRF and Apollo Tyres resumed operations at their manufacturing facilities … Read More