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    Share of High-rises at All-time High of 52% in 2019, Villas at All-time Low of 2% : ANAROCK report

    Biznextindia : With increasing pressure to grow vertically, the share of high-rises (G+20 floors or more) in Indian cities have scaled unprecedented heights in 2019. A report by ANAROCK indicates that of a total 1,816 residential projects launched across the top 7 cities in 2019, over 52% were high-rises. Unsurprisingly, land-scarce MMR tops the...

    • 2 hrs ago
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    Strides announces successful closure of the USFDA inspection at its manufacturing site in Florida, United States

    Biznextindia : Pharmaceutical major Strides Pharma Science Limited on Monday announced that its step down subsidiary, Strides Pharma Inc. (SPI), has received an Establishment Inspection Report (EIR) from the USFDA for its facility in Riviera Beach, Florida, US. The EIR was issued as an outcome of the USFDA's inspection of the...

    • 2 hrs ago
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    Chalet Hotels to acquire Novotel Pune Nagar Road Hotel for Rs.290 Crore

    Biznextindia : Chalet Hotels Limited (Chalet), has signed a Share Purchase Agreement (SPA) for the purchase of Belaire Hotels Private Limited (BHPL), owner of Novotel Pune Nagar Road Hotel and its affiliated entity Seapearl Hotels Private Limited (SHPL) based on an aggregate enterprise value of Rs.290 crore. Novotel Pune Nagar Road Hotel is a 223-room, 5-star Hotel, located...

    • 2 days ago
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    GMR to develop, operate Duty-Free outlets at Kannur International Airport in Kerala

    New Delhi: GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, on Saturday announced that it has signed a concession agreement with Kannur International Airport Limited (KIAL) to develop, operate, maintain and manage the Duty-Free outlets at Kannur International Airport on an exclusive basis. The Kannur airport in Kerala has handled around...

    • 2 days ago
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    Reliance Industries Q3 net profit rises 13.5% to Rs.11,640 Cr, Jio revenue up 28%

    Mumbai: Mukesh Ambani controlled Reliance Industries Ltd (RIL) on Friday reported 13.55% rise in its consolidated net profit at Rs.11,640 for the October-December period as against Rs.10,251 for the same quarter last year. Revenue from operations dropped by 2.49% to Rs.1.57 trillion on a year-on-year basis. On a standalone basis, it reported a net profit of Rs....

    • 3 days ago
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    India launches its latest communication satellite GSAT-30 successfully, Know its applications

    Biznextindia : India on Friday successfully launched its latest communication satellite GSAT-30 from the Spaceport in French Guiana. The Satellite will provide DTH Television Services, connectivity to VSATs for ATM, Stock-exchange, Television up-linking and Teleport Services, Digital Satellite News Gathering (DSNG) and e-governance applications. It will...

    • 3 days ago
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    KPTL commissions element 1 of Alipurduar Transmission

    Biznextindia : Alipurduar Transmission Limited (ATL), a wholly owned subsidiary of Kalpataru Power Transmission Limited (KPTL), on Friday announced that it has successfully connected Element-1 i.e. Alipurduar - Siliguri Line with the Interconnection Facilities of the grid. Earlier in March 2019, ATL had commissioned Element-2 i.e. Kishanganj - Darbhanga Line. With this connection of Element...

    • 3 days ago
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    Supreme Court lifts suspension of Environment Clearance on GMR Goa International Airport

    New Delhi : In a major boost to GMR Goa International Airport Limited (GGIAL), a subsidiary of GMR Infra, the Hon'ble Supreme Court of India on Thursday lifted the suspension on Environment Clearance imposed vide its Order dated March 29, 2019 on construction of new greenfield airport at Mopa, Goa. This in effect will result in resumption of the...

    • 4 days ago
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    Wipro Ventures Announces $150M Fund ll to invest in Technology Start-ups

    Bangaluru : Wipro Ventures, the strategic investment arm of IT major Wipro Limited on Thursday announced the closing of its $150 million Fund ll. Buoyed by the success of its first $100 million fund launched in 2015, Wipro Ventures will continue to invest in early to mid-stage companies building innovative enterprise software solutions across key areas, including...

    • 4 days ago
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    DCGI approves Wockhardt's 2 new antibiotics

    Biznextindia : Indian drug regulator, Drug Controller General of Insia (DCGI) has approved Wockhardt's 2 new antibiotics, EMROK (IV) and EMROK 0 (Oral), for acute bacterial skin and skin structure Infections including diabetic foot infections and concurrent bacteraemia based on the Phase 3 study involving 500 patients in 40 centres across India. The new drug will target superbug like...

    • 4 days ago

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