A refining golden age, tightening global gas markets and improving telecom subscriber quality point to a USD 20 billion-plus EBITDA run rate for Reliance Industries Ltd by end-2022, Morgan Stanley said Monday. Post becoming the first company to hit USD 100 billion revenue in the fiscal year ended March 31, "Reliance is on a path [...]
Blockchain, cryptocurrency, and Non-fungible Tokens (NFTs) have captivated everyone in the last few years. Blocktickets, a company working in the space of blockchain, and transformative technology has launched a multi chain NFT based ticketing platform rewarding all stakeholders, a one of its kind platform. Blocktickets has now entered the Indian market and is looking to [...]
Biotech company Mylab Discovery Solutions on Monday said it has appointed Rajesh Patel as the Executive Director of the in-vitro diagnostics (IVD) business. In this role, Patel will be responsible for spearheading the IVD testing equipment and reagent business at Mylab by setting up production units, overseeing the related research and development and the launch [...]
The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Birla Tyres Ltd in a case filed by multi-business chemicals firm SRF Ltd, an operational creditor of the BK Birla group firm. A two-member Kolkata bench of the NCLT has also appointed Seikh Abdul Salam as Interim Resolution Professional (IRP) to [...]
Healthcare major Abbott on Monday said it has launched a test that will help in early detection of Hepatitis B virus (HBV) in human serum and plasma samples. The company has introduced HBsAg Next Qualitative solution to help improve patient outcomes while maintaining safe blood supplies. This highly sensitive chemiluminescent microparticle immuno assay (CMIA) assists [...]
State-owned Bank of Maharashtra on Monday said it has raised the marginal cost of funding based lending rate (MCLR) across tenors by 0.15 per cent. Meanwhile, Karur Vysya Bank also announced that it has revised the external benchmark rate to 7.45 per cent from 7.15 per cent. This is to inform that the bank has [...]
Etsy, which positions itself as global marketplace for 'unique and creative' goods, has partnered with the North Eastern Handicrafts and Handloom Development Corporation (NEHHDC) to support small sellers, weavers and artisans, with market access and enablement support. Under the memorandum of understanding (MoU), Etsy will work with the NEHHDC to develop enablement programmes specifically tailored [...]
Online travel services provider Yatra on Monday said it has reached 90 per cent of pre-Covid level hotel bookings and the upswing continues with the return of travel normalcy following relaxation of pandemic-related restrictions and the recent restarting of scheduled international flights after two years. The arrival of the summer travel season coupled with the [...]
UPL Ltd has settled with the capital markets regulator Sebi a case pertaining to alleged failure to modify the terms of appointment of the auditor of its subsidiary. The company settled the proceedings initiated against it after paying Rs 19.5 lakh towards settlement charges. "The instant adjudication proceedings initiated against the noticee (UPL) vide SCN [...]
Technology services provider SLK Software, on Monday announced the appointment of Ajay Kumar as its Chief Executive Officer. Kumar previously held the role of President and Chief Business Officer at SLK Software, the company said in a statement. An alumnus of IIM Bangalore, he brings two decades of experience in leading P&L (profit and loss) [...]
