Kolkata, Feb 9 (PTI) Syama Prasad Mookerjee Port, formerly known as Kolkata Port Trust, on Wednesday placed its future plans, emphasising on connectivity, estate management and capacity augmentation, in a meeting to review initiatives taken by various ports to boost growth under the PM GatiShakti programme, an official said. PM GatiShakti is a transformative approach [...]
New Delhi, Feb 9 (PTI) Realty firm Prestige Estates Projects Ltd on Wednesday reported a 59 per cent increase in its consolidated net profit to Rs 93.3 crore for the quarter ended December. Its net profit stood at Rs 58.7 crore in the year-ago period. Total income of Bengaluru-based Prestige Estates, however, declined to Rs [...]
New Delhi, Feb 9 (PTI) Tata Steel on Wednesday said that its arm has accepted a letter of award (LoA) for the acquisition of a 93.71 per cent stake in Neelachal Ispat Nigam Ltd (NINL) and added that the process for the buyout is likely to be completed in the next couple of months. On [...]
New Delhi, Feb 9 (PTI) Essar Shipping on Wednesday reported a consolidated net loss of Rs 5.59 crore for the quarter ended December 2021. The company had reported a loss of Rs 181.88 crore in the corresponding quarter a year ago, it said in a regulatory filing. Its total income from operations during October-December 2021 [...]
New Delhi, Feb 9 (PTI) Drug firm Lupin on Wednesday said it has entered into a distribution pact with Slovenia-based Medis for its orphan drug NaMuscla.As part of the agreement, Medis will commercialise NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic (NDM) disorders in Central and Eastern European countries, Lupin said [...]
New Delhi, Feb 9 (PTI) India needs to incentivize industries to invest more in academic research for creating a better ecosystem of research and innovation, Biocon chairperson Kiran Mazumdar-Shaw said on Wednesday. Speaking at a book launch event organised by the Centre for Social and Economic Progress (CSEP), Mazumdar-Shaw further said as the government has [...]
Shimla, Feb 9 (PTI) The Himachal Pradesh government has given its approval for amendment in the rules related to minor minerals to ensure optimum use of minor minerals for use in construction of roads, retaining walls and breast wall soling, an official spokesperson said. The state's Cabinet gave its approval to amend the Himachal Pradesh [...]
*SWELECT Energy System reports Dec qtr profit at Rs 18.6 cr New Delhi, Feb 9 (PTI) SWELECT Energy Systems' consolidated net profit jumped over two-fold to Rs 18.67 crore in December quarter compared to year ago mainly on the back of higher revenues. The company reported consolidated net profit of Rs 8.90 crore in the [...]
*SBI, NSE Academy tie-up to launch five online courses Mumbai, Feb 9 (PTI) State Bank of India on Wednesday said it has associated with NSE Academy to launch five online courses.The courses curated by SBI are a blend of theory and operational aspects which will enable learners to have a deeper understanding of fundamentals of [...]
Kolkata, Feb 9 (PTI) Availability of long-term finance for infrastructure projects in the country is a challenge, which calls for changes in financial regulation as such development initiatives have lengthy gestation periods, an official said on Wednesday. Speaking at a webinar organised by BCCI, state-run IIFCL Managing Director P R Jaishankar said, "Majority of funds [...]
