by PTI News | May 6, 2022 | 7:29 pm | News
New Delhi, May 6 (PTI) The handover of loss-making helicopter service provider Pawan Hans to Star9 Mobility Pvt Ltd is likely to get over by June, an official said on Friday.Star9 Mobility Pvt Ltd, a consortium of Big Charter Private Limited, Maharaja Aviation Private Limited and Almas Global Opportunity Fund SPC, emerged as the highest [...]
by PTI News | May 6, 2022 | 7:26 pm | News
New Delhi, May 6 (PTI) Debt-ridden Future Group on Friday said it will sell part of its stake in Amar Chitra Katha Pvt Ltd (ACKPL), which publishes Amar Chitra Katha comics, for Rs 13.62 crore.It has entered into definitive agreements on Thursday to dispose of part of its investments held in ACKPL constituting to 18.58 [...]
by PTI News | May 6, 2022 | 7:11 pm | Company Results, News
New Delhi, May 6 (PTI) FMCG firm Bajaj Consumer Care Ltd on Friday reported 34.47 per cent decline in its consolidated net profit to Rs 35.82 crore for the fourth quarter ended March 2022. The company had reported a net profit of Rs 54.67 crore in the January-March quarter a year ago, Bajaj Consumer Care, [...]
by PTI News | May 6, 2022 | 7:10 pm | Foreign Exchange and Rupee Price, IPO, News
Mumbai, May 6 (PTI) Federal Bank on Friday reported its highest quarterly net profit at Rs 540.54 crore for the March 2022 quarter, up 13.13 per cent year-on-year, on improved asset quality and higher loan sales.The Kochi-based bank also guided towards 15 per cent asset growth and matching deposit mop-up this fiscal despite the end [...]
by PTI News | May 6, 2022 | 7:04 pm | Commodities, Foreign Exchange and Rupee Price, News
Mumbai, May 6 (PTI) Snapping its four-day winning run, the rupee slumped 55 paise to close at 76.90 against the US dollar on Friday as heavy foreign fund outflows and hardening crude oil prices took a toll on sentiment. Global sentiment was risk-averse on renewed concerns over growth and inflation, which hit most emerging market [...]
by PTI News | May 6, 2022 | 6:53 pm | News
New Delhi, May 6 (PTI) With its plan to import Vande Bharat train wheels from Ukraine impeded by the ongoing war, the Indian Railways has decided to manufacture them at its Bengaluru factory to ensure the prime minister's pet project is rolled out on time, say sources. The first batch of 128 wheels, out of [...]
by PTI News | May 6, 2022 | 6:52 pm | Corporate Action, News
New Delhi, May 6 (PTI) Coromandel International Ltd on Friday said it is set to acquire 45 per cent stake in Baobab Mining and Chemicals Corporation (BMCC) in Africa for about Rs 150 crore and will infuse around Rs 75 crore as debt. In a regulatory filing, the company informed that it is set to [...]
by PTI News | May 6, 2022 | 6:47 pm | News
New Delhi, May 6 (PTI) The Delhi Skill and Entrepreneurship University (DSEU) will be setting up a Business Blasters Incubation Centre to boost small businesses and student entrepreneurs, a statement issued by the government said on Friday. The DSEU organised an orientation programme at a government school in West Delhi to apprise students about its [...]
by PTI News | May 6, 2022 | 6:30 pm | News
Chennai, May 6 (PTI) Canadian billionaire Prem Watsa-owned Fairfax Financial Holdings Ltd along with Bengaluru-based business services provider Quess Corp Ltd on Friday announced the signing of an agreement with Christian Medical College, Vellore, to set up a 350-bed paediatric speciality centre at its campus in Tamil Nadu. Fairfax Financial Holdings and Quess Corp have [...]
by PTI News | May 6, 2022 | 6:27 pm | News
New Delhi, May 6 (PTI) The Department of Pharmaceuticals has recommended allocation of a fixed percentage of not less than 1 per cent of annual budget of institutes to fund and promote innovation and startup-related activities in the sector. In its common guidelines on pharmaceutical innovation and entrepreneurship for academic institutions, the Department of Pharmaceuticals [...]
