Luxury carmaker Audi India on Tuesday said it has appointed PPS Motors Pvt Ltd as its new dealer partner in Kerala. This partnership includes Audi Kochi, Audi Service Kozhikode and Audi Service Trivandrum, effective May 1, 2022, the German carmaker said in a statement. "Kerala is an extremely important market for Audi India, and we [...]
BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. In a statement, the firm said it will take all steps to enforce its right under the law. In January 2022, the board of BharatPe initiated the corporate governance review of the [...]
Online travel services firm MakeMyTrip on Tuesday said it is planning to enhance its business-to-business segment, targeting large corporates and micro, small and medium enterprises to tap the opportunity in domestic corporate travel. The company currently has over 1,650 mid-to-large corporates and more than 30,000 MSME clients. It has engaged over 2,6000 offline travel agents [...]
Drug major Cipla on Tuesday said it has launched a COVID-19 RT PCR testing kit in the country in partnership with diagnostics firm Genes2Me. With the launch of the "RT-Direct multiplex COVID-19 RT PCR" test kit, the Mumbai-based drug firm is expanding its diagnostics offerings, it said in a regulatory filing. Cipla will be responsible [...]
NSE Academy, a subsidiary of the National Stock Exchange, on Tuesday said it has collaborated with the Risk and Insurance Management Society (RIMS) to strengthen business resiliency through risk management education. The pact is aimed at delivering a series of RIMS-Certified Risk Management Professional Certification (RIMS-CRMP) instructor-led virtual preparation courses for both aspiring students and [...]
Solar panel glass manufacturer Borosil Renewables on Monday said it will invest Rs 1,500 over the next two years to expand its capacity by nearly 2.5 times and supply 15 GW of solar modules by FY25. "We are doubling down on our investments because being the first and the only domestic manufacturer of solar panel [...]
Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday moved the Bombay High Court challenging the disqualification of its bid in connection with a tender issued by state-run Jawaharlal Nehru Port Authority (JNPA) for upgradation of the latter's container terminal in Navi Mumbai. A vacation bench of Justices AK Menon and NR Borkar sought [...]
Indian Overseas Bank has revised the external benchmark linked lending rate to 7.25 per cent from May 10, the bank said on Monday. "Our bank has revised the Repo Linked Lending Rate (RLLR) to 7.25 per cent (ie 4.40 per cent +2.85 per cent = 7.25 per cent) with effect from May 10, 2022," the [...]
State-owned power giant NTPC has invited bids to procure imported 4.53 million tonnes (MT) coal mainly for blending with the domestic dry fuel in thermal plants. The NTPC tender for the import of coal assumes significance in view of the ongoing dry fuel shortage at power plants. Earlier this month, the power ministry had directed [...]
IDBI Bank on Monday said its board has approved the appointment of T N Manoharan as the part-time chairman for a period of three years. The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the [...]
