Reliance Communications to launch 4G on May 4
Leading
telecom giant, Reliance Communications has announced that it will advance its
estimated 5 million CDMA customers to a 4G network in segments from May 4. With
this decision, the telecom giant joins bigger competitors like Bharti Airtel,
Vodafone India and Idea Cellular in unveiling high-speed broadband services.
ITC, Starwood extend partnership, add 3 more properties
ITC
Ltd and Starwood Hotels and Resorts today extended their existing partnership
for 11 ITC Luxury Collection hotels and one hotel under the Sheraton brand.
Strengthening
their partnership further, the two partners also announced three upcoming ITC
hotels under Starwood's 'The Luxury Collection' brand in India.
The
addition of ITC Kohinoor in Hyderabad, ITC Narmada in Ahmedabad and ITC Royal
Bengal in Kolkata will take the inventory up to 15 hotels.
Lupin gains on launching first product from GAVIS pipeline
Lupin surged over 2%, touched to Rs1541.55, after the pharma major
said that is US-based subsidiary Lupin Pharmaceuticals Inc., has launched the
first product from its GAVIS pipeline. The subsidiary has launched Zolpidem
Sublingual Tablets, 1.75mg & 3.5mg which has been approved by the USFDA and
final clearance from the FTC with 180 days of exclusivity. Zolpidem Sublingual
Tablets, 1.75mg and 3.5mg are AB-rated generic equivalent of Purdue Pharma
L.P's Intermezzo Sublingual Tablets, 1.75mg and 3.5mg and is dispensed for the
treatment of insomnia.
HUL completes acquistion of Indulekha brand oil
Hindustan Unilever (HUL) announced that it has completed the
acquisition of Masons Group flagship hair oil brand Indulekha.
It may be recalled that in December 2015, HUL had announced
signing an agreement with Masons Group for acquisition of its flagship
Indulekha brand.
IOC to invest Rs20,000 cr in Gujarat refinery
The
Indian Government has said that PSU major Indian Oil Corporation was going to devote
Rs20,000 crore for brownfield expansion of its refinery in Gujarat.
Commenting
on the issue, Union Minister of State for Petroleum and Natural Gas Dharmendra
Pradhan after visiting the refinery said that Indian Oil Corporation’s Gujarat
Refinery had been asked to jump directly from BS IV to the more strict BS VI
norms for petrol and diesel, so that cleaner transport fuels became accessible
sooner to bring down vehicular emissions.'
