by PTI News | Feb 11, 2022 | 7:28 pm | Economy, News
Mumbai, Feb 11 (PTI) Two Indian seafarers stranded without passports on a cargo ship in Iran's port city of Bushehr since 2019, have been released after the Indian Embassy in Tehran issued travel documents, the Maritime Union of India (MUI) said Friday. The claim made by the MUI could not be independently verified. "The Indian [...]
by PTI News | Feb 11, 2022 | 7:27 pm | News
Chennai, Feb 11 (PTI): Saint-Gobain India and the Indian Institute of Technology-Madras, Research Park have signed a memorandum of understanding to develop a 100 per cent renewable energy, research park. As per the MoU, Saint-Gobain would support IIT-M Research Park with a funding of Rs 1 crore over the next three years. The aim through [...]
by PTI News | Feb 11, 2022 | 7:23 pm | Economy, News
Mumbai, Feb 11 (PTI) Cutting rural employment guarantee commitments in the Budget despite a build-up of distress was termed as "perplexing" by India Ratings on Friday. On the over 20 per cent cut in the fund allocations proposed to the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) works for the second consecutive year amid [...]
by PTI News | Feb 11, 2022 | 7:21 pm | Company Results, News
New Delhi, Feb 11 (PTI) Ujjivan Financial Services on Friday posted narrowing of consolidated net loss to Rs 181.56 crore for the quarter ended December 31, 2021. In the year-ago period, net loss was Rs 490.73 crore.Net loss widened as compared to Rs 68.18 crore posted for the previous September quarter. Total income during third [...]
by PTI News | Feb 11, 2022 | 7:14 pm | News
New Delhi, Feb 11 (PTI) Diagnostics solutions provider Mylab Discovery Solutions on Friday said it has made a foray into the vaccine and therapeutics segment with its tie-up with Shilpa Biologicals, a unit of Shilpa Medicare. Starting with the COVID-19 vaccine manufacturing opportunity, the parties plan to strengthen the relationship by expanding the product portfolio [...]
by PTI News | Feb 11, 2022 | 7:13 pm | News
New Delhi, Feb 11 (PTI) India's industrial production growth slowed down for a fourth straight month in December to 0.4 per cent mainly due to a poor performance by the manufacturing sector. The manufacturing sector, which constitutes 77.63 per cent of the Index of Industrial Production (IIP), contracted by 0.1 per cent in December, according [...]
by PTI News | Feb 11, 2022 | 7:05 pm | Corporate Action, News
New Delhi, Feb 11 (PTI) Fintech company Revolut, backed by SoftBank and Tiger Global, on Friday said it has acquired foreign exchange services company Arvog Forex through its subsidiary as it gears up to start operations in India. While the company did not disclose the financial details of the transaction, a source, who did not [...]
by PTI News | Feb 11, 2022 | 6:53 pm | Company Results, News
New Delhi, Feb 11 (PTI) Inox Wind on Friday reported widening of its net loss to Rs 63.95 crore for the December quarter, mainly due to lower revenues. The company had posted a consolidated net loss of Rs 51.97 crore in the quarter ended December 31, 2020, it said in a BSE filing. Total income [...]
by PTI News | Feb 11, 2022 | 6:50 pm | Economy, News
New Delhi, Feb 11 (PTI) Asserting that smuggling is a huge threat to national security, Central Board of Indirect Taxes and Customs (CBIC) member Balesh Kumar on Friday said better coordination among enforcement agencies is leading to major seizures. There is a need for coordinated efforts from all stakeholders including industry to tackle this menace, [...]
by PTI News | Feb 11, 2022 | 6:47 pm | News
Mumbai, Feb 11 (PTI) Mahindra Holidays and Resorts India on Friday said it has signed RE100 (Renewable Energy) and EP100 (Energy Productivity), led by The Climate Group, in order to achieve its target to run on 100 per cent renewable energy by 2050 and to double its energy productivity by 2030. "Ever since the inception [...]
