IndusInd Bank on Wednesday said it has sold over 38 lakh shares of Birla Tyres Ltd in tranches in the last one week on invocation of pledged shares. On May 10, the private sector lender had acquired 1,45,63,787 equity shares equivalent to 10.214 per cent of paid-up equity share capital of Birla Tyres Ltd on [...]
Artificial intelligence and data are key differentiators for enterprises at present and the change in technology consumption reflects the prevailing trends in the economy, Tata Group chairman N Chandrasekaran said in the TCS annual report released on Wednesday. He said that the past couple of years has been a period of intense action and reflection [...]
The country's largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its Chief Executive Officer, replacing incumbent Ronojoy Dutta. The 71 year-old Dutta, who came to helm the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent Covid period, IndiGo said in [...]
Sun Pharma on Wednesday said it is planning to launch a medication to reduce low-density lipoprotein (LDL) cholesterol. The Mumbai-based drug major said one of its wholly-owned subsidiaries plans to launch a first-in-class oral drug, Bempedoic Acid, in India for reducing LDL cholesterol. The company will launch the drug under the brand name Brillo. The [...]
Infrastructure firm Tata Projects Ltd on Wednesday announced the appointment of Vinayak Pai as its CEO and managing director designate. Pai has been recently inducted into the company's board as executive director. Before joining Tata Projects, Pai was the group president at Worley, based out of Hague, the Netherlands, the company said in a statement. [...]
Telecom operator Bharti Airtel on Tuesday announced the appointment of former cabinet secretary P K Sinha, and former PwC India head Shyamal Mukherjee as independent directors on its board. The appointments are subject to approval by shareholders at Airtel's upcoming Annual General Meeting, the company said in a regulatory filing. PK Sinha served as the [...]
Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore. The buyback represents 0.98 per cent of the total paid-up equity share capital of the company as on March 31, 2022, Motilal Oswal Financial [...]
Steel Authority of India Ltd has supplied 4,300 tonnes of special steel for India’s indigenous navy warships INS ‘Udaygiri’ and INS ‘Surat’, an official said. The entire quantity of steel has been supplied from SAIL’s Bokaro, Bhilai and Rourkela Steel Plants, he said. “This is in continuation to SAIL’s sustained efforts to contribute substantially in [...]
Vedanta Aluminium on Tuesday said that it has entered into long-term pact with the National Highways Authority of India to construct greener roads with fly-ash in Odisha. Fly-ash is a by-product of thermal power generation using coal. "The company has... entered a long-term partnership with the National Highways Authority of India (NHAI) for building greener [...]
Indian Oil Corporation (IOC), the nation's biggest oil firm, on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit as record refining margins were wiped away by a margin squeeze in petrochemicals and losses on auto fuel sales. Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in [...]
