by PTI News | Feb 28, 2022 | 8:32 pm | News
Kolkata, Feb 28 (PTI) In its bid to take full management control of city-based dry cell battery major Eveready Industries India Ltd, the Burmans of the Dabur family on Monday made an open offer for an additional 26 per cent of shares at Rs 320 per scrip. The mandatory open offer under the takeover regulations [...]
by PTI News | Feb 28, 2022 | 8:28 pm | News
Mumbai, Feb 28 (PTI) Since the beginning of the current fiscal year, states' average cost of borrowings has risen by 54 basis points to 7.11 per cent, even as it fell from the peak of 7.26 per cent two weeks ago. At the weekly auctions of state debt conducted on Monday, the weighted average cost [...]
by PTI News | Feb 28, 2022 | 8:17 pm | Economy, News
New Delhi, Feb 28 (PTI) India's GDP growth slowed to 5.4 per cent in October-December 2021 before the full fury of the third wave of coronavirus infections struck the country and the economy faced fresh geopolitical risks, but it still remains the fastest growing in the world. Asia's third-largest economy is projected to grow 8.9 [...]
by PTI News | Feb 28, 2022 | 8:07 pm | Corporate Action, News
New Delhi, Feb 28 (PTI) B2B e-commerce firm Indiamart on Monday announced acquisition of 26.01 per cent stake in cloud-based account software firm Adansa Solutions for Rs 13.75 crore. As part of the transaction, Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited has acquired shares via a mix of primary and secondary share purchases. "Unlike existing [...]
by PTI News | Feb 28, 2022 | 8:01 pm | News
New Delhi, Feb 28 (PTI) With increasing use of artificial intelligence (AI) in the financial sector, policymakers need to take extra care that the regulatory framework should not inhibit innovation, NITI Aayog Senior Adviser Anna Roy said on Monday. Addressing a virtual conference on 'AI in Indian Financial Services - Uncovering Ground Truth' organised by [...]
by PTI News | Feb 28, 2022 | 7:53 pm | News
Mumbai, Feb 28 (PTI) To optimise yield and productivity, Farmer Producer Organisations (FPOs) need to adopt new technologies, National Bank for Agriculture and Rural Development (NABARD) Chairman G R Chintala said on Monday. "While production increases, productivity remains a challenge and to overcome this challenge FPOs need to leverage new technologies such as AI and [...]
by PTI News | Feb 28, 2022 | 7:52 pm | News
Hyderabad, Feb 28 (PTI) IT major Tech Mahindra on Monday announced the launch of TechMVerse, its Metaverse practice, to deliver interactive and immersive experiences in the Metaverse for its customers. The company will train a workforce of 1,000 engineers in the first year and the operations of TechMVerse will be through four hubs -- Dallas, [...]
by PTI News | Feb 28, 2022 | 7:39 pm | News
New Delhi, Feb 28 (PTI) Government-owned ECGC on Monday said it has modified the insurance cover category for Indian exports to Russia, under which revolving limits are approved on a case-to-case basis, amid the ongoing conflict between Russia and Ukraine. The Export Credit Guarantee Corporation (ECGC) in a communication has said that "based on the [...]
by PTI News | Feb 28, 2022 | 7:38 pm | News
New Delhi, Feb 28 (PTI) BDR Pharmaceuticals on Monday said it has launched prostate cancer treatment drug Enzalutamide in 160 mg strength. The company has introduced the medication, under the brand name BDENZA 160mg, at Rs 6,300 for a strip of seven tablets. The medicine was previously available in 40 mg and 80 mg strength [...]
by PTI News | Feb 28, 2022 | 7:38 pm | Commodities, News
New Delhi, Feb 28 (PTI) In a rare face-off between two industry groupings, Soybean Processors Association of India (SOPA) on Monday condemned edible oil industry body SEA's suggestion to stop soyabean cultivation in 12 million hectares of land. Responding sharply, Solvent Extractors' Association termed the allegations as "blatant lies" and an attempt to create fissures [...]
