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Pinbox gets seed capital from ADB Ventures to expand micro pension coverage in India

New Delhi, Apr 12 (PTI) ADB Ventures, a platform of Asian Development Bank, has provided seed funding to Pinbox for expanding micro pension coverage in India. Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to underserved informal sector workers, ADB Ventures said in a statement. It provides a [...]

Global cartels in containers, chemicals, key raw materials forcing customers to pay higher prices: CavinKare CMD

New Delhi, Apr 12 (PTI) Cartelisation across borders in containers, chemicals and key raw materials are making things uncertain and forcing customers to pay higher prices, CavinKare Chairman & Managing Director C K Ranganathan said on Tuesday. Ranganathan, who is also the President of All India Management Association (AIMA), pointed out that earlier cartelisation used [...]

M&M partners with CSC Grameen eStore

Mumbai, Apr 12 (PTI) Mahindra & Mahindra on Tuesday said it has partnered with CSC Grameen eStore, a government initiative, for its Small Commercial Vehicle (SCV) range of products. The partnership will harness CSC Grameen's digital platform to facilitate Mahindra vehicle enquiries and real time online lead transfer to M&M from deep rural pockets, the company [...]

PNB, IDBI Bank get govt nominee directors on their boards

New Delhi, Apr 12 (PTI) The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors. Pankaj Sharma has been nominated as a director of the bank through a notification dated April 11, 2022 with immediate effect and until further [...]

La Tim Metal & Industries announces a Stock Split

MUMBAI, India, April 12, 2022 /PRNewswire/ -- La Tim Metal & Industries (BSE: LATIMMETAL) (Script Code # 505693), a listed company in the steel trade since 1987, dealing with Colour Coated Steel Sheets, announced that subsequent to their Board of Directors meeting held on 8th April 2022, they have considered and approved a stock split. [...]

Alembic Pharma arm gets final USFDA nod for generic version of Lidocaine and Prilocaine cream

New Delhi, Apr 12 (PTI) Alembic Pharmaceuticals Ltd on Tuesday said its wholly-owned arm, Aleor Dermaceuticals Ltd, has received final approval from the US health regulator for its generic version of Lidocaine and Prilocaine cream, indicated as a topical anesthetic. The final approval granted by the US Food & Drug Administration (USFDA) is for its [...]

Number of patent filings rises to 66,440 in FY22

New Delhi, Apr 12 (PTI) The number of patent filings increased from 42,763 in 2014-15 to 66,440 in 2021-22 due to steps taken by the government to strengthen intellectual property rights (IPR) regime of the country, the commerce and industry ministry said on Tuesday. It also said India granted 30,074 patents in 2021-22 as compared [...]

Mahindra Lifespace to build India’s first net-zero housing project in Bengaluru at Rs 500cr cost

New Delhi, Apr 12 (PTI) Mahindra Lifespace Developers Ltd, the realty arm of Mahindra Group, on Tuesday announced an investment of Rs 500 crore to develop India's first net-zero energy housing project, comprising around 550 units, in Bengaluru. The company also announced that it will develop only net-zero housing projects from 2030 onwards, and the [...]
BPCL to explore green energy possibilities in Odisha

BPCL to explore green energy possibilities in Odisha

The Odisha government signed an agreement with Bharat Petroleum Corporation Ltd (BPCL) for exploring green energy possibilities in the state. The Memorandum of Understanding (MoU) was signed between Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) Managing Director Bhupendra Singh Poonia and BPCL's Executive Director Renewable Energy Amit Garg on Monday. "Odisha has a [...]
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