Digital payments and financial services company Paytm has said that it will seek a new general insurance license with a fresh application, aimed at gaining majority shareholding with a 74 per cent upfront equity stake. In a regulatory filing, Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely [...]
Century Plyboards (India) Ltd on Monday reported a 2.08 per cent increase in its consolidated net profit to Rs 88.75 crore for the fourth quarter ended in March 2022. The company had reported a net profit of Rs 86.94 crore in the January-March quarter a year ago, Century Plyboards said in a BSE filing. Its [...]
At least 59 per cent of the accelerated inflation is attributable to the impact of the geopolitical conflict triggered by the Russian invasion of Ukraine, economists at SBI said on Monday. In the face of the heightened inflation situation – the headline number touched nearly 7.8 per cent for April, and the RBI is set [...]
Honasa Consumer Pvt Ltd (HCPL), the company which owns new age FMCG brands such as Mamaearth and The Derma Co, on Monday said it has acquired a majority stake in skincare brand Dr. Sheth's at a valuation of Rs 28 crore. Its product portfolio has solutions for skin concerns like pigmentation, acne, dryness, wrinkles, and [...]
The Pune unit of Navratna Defence PSU Bharat Electronics Limited (BEL) will manufacture Li-ion battery packs for the electric trucks of US-based Triton, as part of an MoU signed between the two companies. The agreement was inked to explore manufacturing of battery cells in India for energy storage systems and electric vehicles in the heavy [...]
Omnipresent Robot Technologies has inked a pact with Gautam Buddha University and Skill Council of India to set up a drone excellence centre in Uttar Pradesh. The centre will have segments for drone pilot and operations training, drone data processing and analysis and app development, drone design and manufacturing, and drone testing and repair, according [...]
HDFC-backed proptech firm Reloy is targeting a three-fold jump in its revenue to Rs 13 crore this fiscal, helped by expansion to new cities and the addition of more real estate clients. Founded by Akhil Sharaf in 2018, Reloy, erstwhile Loyalie IT Solutions, has been working closely with top builders to create the perfect home-owning [...]
Fresh fruits importer IG International on Monday announced signing of an agreement with state-run Biotech Consortium India Ltd for propagation of 2.5 million rootstocks for apples, stone fruits, kiwifruit and citrus fruits. BCIL (Biotech Consortium India Ltd) has played a key role in promoting the plant tissue culture sector in India and establishing the National [...]
Agro-chemicals firm Insecticides India Ltd (IIL) on Monday said that it has secured patents for two novel agrochemical compounds for a term of 20 years. The patent secured from the Government of India is for Novel Miticidal Benzyalamide and Novel Dithiolane, which will be used as foundation active ingredients for various fungicide and insecticide compositions [...]
Auto components major Bharat Forge Ltd on Monday reported a 9.3 per cent increase in its consolidated net profit at Rs 231.86 crore in the fourth quarter ended March 2022, driven by higher revenue. The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat [...]
