Subrata Panda &Amp; Sohini Das

Stories by Subrata Panda &Amp; Sohini Das

DRL, 1st Indian company to supply generic drugs to China's state hospitals

DRL, 1st Indian company to supply generic drugs to China's state hospitals

Rediff.com   27 Sep 2019

The drug that it would supply is called Olanzapine, used to treat schizophrenia and bipolar disorder.

RBI officers have FD of Rs 105 cr in PMC Bank

RBI officers have FD of Rs 105 cr in PMC Bank

Rediff.com   27 Sep 2019

The Reserve Bank Officers Cooperative Credit Society, which caters to the credit needs of RBI officers posted all over India, has a fixed deposit of Rs 105 crore in the bank on which the RBI has placed various curbs for six months following revelations of irregularities.

GSK withdraws sale of Zinetac after health alert

GSK withdraws sale of Zinetac after health alert

Rediff.com   26 Sep 2019

GSK is continuing with investigations into the potential source of the NDMA, which is a known environmental contaminant and found in water and foods, including meats, dairy products, and vegetables.

Drones will deliver critical drugs at your doorstep

Drones will deliver critical drugs at your doorstep

Rediff.com   17 Sep 2019

Maharashtra govt, California-based Zipline to launch the automated delivery service funded by Serum Institute.

As revival hopes fade, Jet creditors' claims zoom

As revival hopes fade, Jet creditors' claims zoom

Rediff.com   19 Aug 2019

Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.

Airtel beats Vodafone Idea to become India's No 2 telco

Airtel beats Vodafone Idea to become India's No 2 telco

Rediff.com   6 Aug 2019

What worked for Airtel was that its data traffic growth was 13 per cent sequentially and its average data usage was even higher than Jio's at 11.9 gigabyte per month per user.

Why JioPhone is no more popular in Bharat

Why JioPhone is no more popular in Bharat

Rediff.com   5 Aug 2019

Used smartphones are gaining popularity in the hinterland, the main market for JioPhone. Share of JioPhone in the feature phone market had shrunk from 47% in Q2 of 2018 to 28% a year after.

Motown slowdown hits motor insurance

Motown slowdown hits motor insurance

Rediff.com   4 Aug 2019

In the June quarter, growth in the segment stood at around 4 per cent, with premium collection at Rs 15,724 crore against Rs 15,074 crore in the same period of FY19. This was the lowest growth in the last five quarters, starting from Q1FY19.

Sun Pharma's Dilip Shanghvi takes 99% pay cut

Sun Pharma's Dilip Shanghvi takes 99% pay cut

Rediff.com   2 Aug 2019

As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.

More trouble brews for Jet Airways

More trouble brews for Jet Airways

Rediff.com   24 Jul 2019

Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.

Lenders to rejig debt of 2 more Anil Ambani firms

Lenders to rejig debt of 2 more Anil Ambani firms

Rediff.com   22 Jul 2019

The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies. Reliance Home Finance has a debt of Rs 11,500 crore and Reliance Commercial Finance owes Rs 9,000 crore to lenders.

Jet's resolution professional receives Rs 24K cr worth of claims

Jet's resolution professional receives Rs 24K cr worth of claims

Rediff.com   19 Jul 2019

The IRP has admitted 33 claims from banks worth Rs 8,462 crore, and is verifying Rs 15,044-crore claims from operational creditors and staff.

Policyholders prefer to buy insurance physically

Policyholders prefer to buy insurance physically

Rediff.com   8 Jul 2019

The online channel has only been successful in making inroads in metro cities.

Rs 5,000-crore stressed asset fund for MSMEs mooted

Rs 5,000-crore stressed asset fund for MSMEs mooted

Rediff.com   26 Jun 2019

The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.

India's rural mobile phone base slips further

India's rural mobile phone base slips further

Rediff.com   26 Jun 2019

According to telcos and analysts, this is due to SIM consolidation happening after the minimum recharge plans were implemented by incumbents.

Despite cap on pricing import of medical devices rises

Despite cap on pricing import of medical devices rises

Rediff.com   24 Jun 2019

The growth in imports was led by product categories such as diagnostic items, ultra-sonogram machines, MRI and ECG apparatus, syringes with needles, suture needles, digital thermometers, malaria diagnostic kits, and hearing aids.

HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

Rediff.com   20 Jun 2019

The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.

Why telcos have little interest in 5G auctions

Why telcos have little interest in 5G auctions

Rediff.com   17 Jun 2019

Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.

Mobile user base suffers biggest fall since April 2018

Mobile user base suffers biggest fall since April 2018

Rediff.com   22 May 2019

Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers

New risks that threaten short-term debt schemes

New risks that threaten short-term debt schemes

Rediff.com   22 May 2019

Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.