Real estate sector has received an equity capital of USD 32 billion during the last five years and is expected to attract USD 12-13 billion during 2023-24 with office assets likely to garner maximum fund, according to CBRE. Real estate consultant CBRE has estimated that equity flows in real estate sector will remain steady with [...]
Pharmaceuticals firm Lupin Ltd on Monday said it has received tentative approval from the US health regulator to market its generic valbenazine capsules used to treat involuntary movements of the face, tongue or other body parts. The approval by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) of [...]
Finance minister Nirmala Sitharaman on Monday moved an amendment to the Finance Bill in Rajya Sabha to correct the figures with regard to rate of Security Transaction Tax (STT) to be levied on sale of options as well as futures. The amended Finance Bill 2023 by correcting STT rate has been returned to Lok Sabha, [...]
Russian flag carrier Aeroflot has increased the frequency of its flight services on the Delhi-Moscow route to seven times a week against four weekly services earlier, from March 26, a statement said on Monday. In addition, the airline has also started operating a Boeing 777 jet along with Airbus A330 to cater to passenger traffic [...]
Cyber criminals are exploiting popularity of ChatGPT to spread malware through hijacked Facebook accounts, cyber intelligence firm CloudSEK said on Monday. CloudSEK in its investigation has found the presence of 13 Facebook pages or accounts including those with Indian content, totalling over 5 lakh followers, that have been compromised and are being used to disseminate [...]
Bharat Electronics Ltd (BEL), a Navratna PSU company informed the exchanges that it has won orders worth ₹ 4,300 crores from the Indian Army and the Indian Navy. The Ministry of Defence has signed a contract worth ₹ 3000 crores with BEL for the supply of integrated electronic warfare systems for the Indian Army. These [...]
Sun Pharmaceuticals Industries Ltd, in a recent filing with the exchange on Friday, announced that it has entered into an agreement to acquire 60% shareholding in ‘Vivaldis Health And Foods Private Limited’ from its existing shareholders for ₹143.30 crores. The remaining 40% shareholding is to be acquired in the future as per certain terms & [...]
Sunlit Power, maker and distributor of ARENQ brand of batteries, on Monday announced a five-year partnership with RDL Technologies in the battery management system space. Under the collaboration, the IoT products and software solutions provider RDL Technology will develop touchscreen displays, data loggers, vehicle navigation, and monitoring systems for Sunlit Power, according to a statement. [...]
Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the "minor crisis", Union Minister Ashwini Vaishnaw said on Monday. He also exhorted the entire startup community to think of the Indian banking sector as their trusted partner. Vaishnaw, Minister [...]
IDFC First Bank on Monday said it has partnered with Swedish company Crunchfish to pilot a project to demonstrate offline retail payments. IDFC First Bank, is set to be a part of RBI's pilot project to enable offline payments, the private sector lender said, adding that the project will give access to digital payments even [...]
