New Delhi, Feb 11 (PTI) Dr Reddy's Laboratories has entered into an exclusive sales and distribution agreement with Novartis India Ltd (NIL), a statement said on Friday. However, this will also lead to around 400 NIL employees being laid off due to role redundancies. Under the arrangement, Dr Reddy's will have exclusive rights to promote [...]
New Delhi, Feb 11 (PTI) Fortis Healthcare on Friday said its consolidated profit after tax (PAT) rose by over twofold to Rs 142 crore in the third quarter ended December 31, 2021. The company had reported a PAT of Rs 54 crore in the corresponding period last fiscal. Its revenue during October-December 2021 rose to [...]
Srinagar, Feb 11 (PTI) A couple from Maharashtra has arrived here as part of their 'The Great Indian Travel' -- a 101-day road trip across the country to support small and micro businesses affected by the COVID-19 pandemic. "We have covered 25 states and two union territories so far and intend to cover the remaining [...]
New Delhi, Feb 11 (PTI) Pharma channels have emerged as the "new superstar" for beverage major Coca-Cola and the company is expanding its presence in this sales channel, according to a senior company official. Besides, the company is also expanding its network in rural areas, which nearly contribute 38 per cent to the overall business. [...]
New Delhi, Feb 11 (PTI) Yes Bank board on Friday approved a proposal to seek investors' nod for early redemption of bonds worth Rs 1,764 crore. The decision was taken at a meeting of the Capital Raising Committee of the lender, Yes Bank said in a regulatory filing. The committee gave its nod to a [...]
New Delhi, Feb 11 (PTI) Over 6.2 crore income tax returns and about 21 lakh tax audit reports have been filed on the new e-filing portal since June last year. The new income tax portal was launched on June 7, 2021. "More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax [...]
New Delhi, Feb 11 (PTI) Chartered accountants' apex body ICAI on Friday said it has decided to put in place a peer review mechanism in a phased manner for firms rendering assurance services to certain categories of entities. The implementation of the mechanism will start from April 1 in a phased matter. It will be [...]
New Delhi, Feb 11 (PTI) Power trading solutions provider PTC India said it has constituted a three-member Technical Advisory Committee (TAC) for formulating new products and initiatives for the power sector. The panel comprises S K Soonee (founder CEO, POSOCO) and Rajeev Sharma (former CMD, PFC). The third member is also expected to join soon, [...]
New Delhi, Feb 11 (PTI) India should ultimately become the fashion capital of the world and mark its presence globally by having its products displayed alongside prominent fashion houses, Union Minister Piyush Goyal has said. The Minister for Textiles and Commerce and Industry earlier this week chaired a meeting with designers, who brainstormed ideas on [...]
Co-founder of PB Fintech Alok Bansal on Friday divested over 28 lakh shares of the company for Rs 236 crore through an open market transaction. PB Fintech operates the online insurance platform Policybazaar and credit comparison portal Paisabazaar. According to the bulk deal data available with NSE, Bansal sold a total of 28,57,820 shares of PB [...]
