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S African Prez lauds breakthrough deal to manufacture and supply Covid vaccines to Africa

Johannesburg, Nov 30 (PTI) South African president Cyril Ramaphosa has welcomed a breakthrough deal between the country's Aspen Pharmacare and pharmaceutical multinational Johnson & Johnson for Covid-19 vaccines being manufactured in South Africa for distribution to the African continent as part of efforts to end vaccine inequality.“The effectiveness of our response as the African continent [...]

Simplilearn completes maiden ESOP buyback worth Rs 48.7 cr

New Delhi, Nov 30 (PTI) Digital skills training platform Simplilearn on Tuesday said it has completed its maiden Employee Stock Option Plan (ESOP) buyback worth Rs 48.74 crore. The company had offered active employees to liquidate up to 25 per cent of their vested ESOPs as part of this buyback, a statement said. With this, [...]

Ugro Capital raises Rs 150 crore

New Delhi, Nov 30 (PTI) Ugro Capital on Tuesday said it has raised Rs 150 crore by issuing bonds on a private placement basis.The company's Investment and Borrowing Committee has approved the allotment of 150 protected market linked non-convertible debentures aggregating to Rs 150 crore on a private placement basis, according to a regulatory filing.The [...]

RBI appoints Advisory Committee to assist administrator of Reliance Capital

Mumbai, Nov 30 (PTI) A day after superseding the board of Anil Ambani promoted Reliance Capital, the Reserve Bank on Tuesday appointed a three-member Advisory Committee to assist the newly appointed administrator of the crisis-ridden NBFC. The RBI had appointed Nageswara Rao Y, former executive director, Bank of Maharashtra, as the administrator. Now, the RBI [...]

Cargill acquires edible oil refinery in Andhra Pradesh

New Delhi, Nov 30 (PTI) US-based food major Cargill on Tuesday said it has acquired an edible oil refinery in Nellore, Andhra Pradesh, for USD 35 million and it is likely to be fully operational by May 2022. "Cargill's USD 35-million investment to acquire and upgrade the facility will significantly expand its edible oil production [...]

Companies bullish on their hiring plans this quarter: Report

New Delhi, Nov 30 (PTI) Companies are bullish on their hiring plans this quarter on the back of easing of the pandemic-related restrictions and consequent e-commerce and retail sector performance, according to a report. According to TeamLease Services' Q3 hiring intent trends based on its platform data, the hiring intent for the October-December 2021 quarter [...]
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