by PTI News | Apr 7, 2022 | 3:29 pm | Corporate Action, News
London, Apr 7 (PTI) The UK Opposition has questioned the non-domicile tax status of India-born Akshata Murty, daughter of Infosys co-founder Narayana Murthy, and demanded an urgent explanation from her husband – UK Chancellor Rishi Sunak. A non-domicile status means Akshata Murty, who owns shares in Infosys, is not legally bound to pay tax in [...]
by PTI News | Apr 7, 2022 | 3:19 pm | Corporate Action, News
New Delhi, Apr 7 (PTI) Startup Rozana on Thursday said it has raised USD 2.5 million (nearly Rs 20 crore) in a funding round co-led by 3one4 Capital and Europe's IEG-Investment Banking Group.The funding round also saw participation from angel investors, including Manisha Girotra, Board Member and CEO of Moelis, Prosus (formerly Nasper) and SK [...]
by PTI News | Apr 7, 2022 | 2:54 pm | Corporate Action, News
Mumbai, Apr 7 (PTI) Zypp Electric, which operates in the last-mile delivery segment, on Thursday said it has elevated Tushar Mehta as Co-Founder and Chief Operating Officer (COO) to drive its business and growth amid the company's plans to grow its revenue 100X by 2025.Mehta has formerly been associated with Ola Cabs and e-commerce platform [...]
by PTI News | Apr 7, 2022 | 2:43 pm | Corporate Action, News
New Delhi, Apr 7 (PTI) Tata Steel on Thursday said the Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by its wholly-owned subsidiary Tata Steel Mining Limited, for the acquisition of debt-laden Rohit Ferro-Tech Limited. On June 6, 2021, Tata Steel had informed that the Committee of Creditors [...]
by PTI News | Apr 7, 2022 | 2:28 pm | Corporate Action, News
Hyderabad, Apr 7 (PTI): Hindustan Coca-Cola Beverages (HCCB), Coco-Cola India's bottling arm on Thursday said it will be setting up a second factory in Telangana with an investment outlay of Rs 600 crore in the first phase. The FMCG company will be building a state-of-the-art, digitally enabled, automated, smart factory that will manufacture juices, enhanced [...]
by PTI News | Apr 7, 2022 | 1:35 pm | Corporate Action, News
New Delhi, Apr 7 (PTI) Drug maker Lupin on Thursday said it has completed the acquisition of a portfolio of brands from Anglo-French Drugs & Industries Limited (AFDIL) and its associates. The acquisition will strengthen the company's India formulation business by adding a fast-growing portfolio of vitamins, minerals, supplements and neurological products, the Mumbai-based drug [...]
by PTI News | Apr 7, 2022 | 1:25 pm | Corporate Action, News
New Delhi, Apr 7 (PTI) Quick service restaurant McDonald's India (West and South) on Thursday said it will now also display Allergen & Nutritional information for the entire menu of in-store and on McDelivery app to enable customers to make the right food choices. McDonald's India (West and South) has also eliminated artificial colours, artificial [...]
by PTI News | Apr 7, 2022 | 1:01 pm | Corporate Action, News
New Delhi, Apr 7 (PTI) Alembic Pharmaceuticals Ltd on Thursday said it has received tentative approval from the US health regulator for its generic version of Dabigatran Etexilate capsules indicated for reduction of risk of stroke and prevention of blood clots. The tentative approval by the US Food & Drug Administration (USFDA) is for the [...]
by PTI News | Apr 7, 2022 | 12:59 pm | Corporate Action, News
Mumbai, Apr 7 (PTI) Smart mobility firm Bounce Infinity on Thursday said it has commenced rollout of its first consumer e-scooter E1 from the Bhiwadi facility in Rajasthan and deliveries of the vehicle will start from April 18. The company also said it is looking to set up a new half-a-million per annum capacity manufacturing [...]
by PTI News | Apr 7, 2022 | 11:47 am | Corporate Action, News
Mumbai, Apr 7 (PTI) EV maker Omega Seiki Mobility and advanced battery technology startup Log9 Materials will jointly invest Rs 150 crore in charging infrastructure by financial year 2024. Besides, the two entities will deploy 10,000 fast-charging Rage+ cargo three-wheelers across Tier-II/III markers by FY24 under a strategic collaboration. Log9 already has a tie-up with OSM [...]
