The shares of Ultracab (India) Limited opened at Rs 29.65 levels and added as much as 14 percent to reach a high of Rs 32.70 in the early hours of Monday. The shares rallied after the company bagged an order worth Rs 22.88 Crores from Tata Power, India’s largest integrated power company. Ultracab is the [...]
The battle between Torrent and Hinduja Group for the acquisition of debt-ridden Reliance Capital may take a new turn as the lenders are considering running a second round of 'Challenge Mechanism' or e-auction for the bidders, sources said. The Committee of Creditors (CoC) will meet on Monday to decide on the second round of auction as [...]
The demand for Indian generic drugs has shot up in China amid the massive COVID surge in the country, with Chinese experts cautioning that fake versions of these drugs are flooding the market. China’s National Health Security Administration said on Sunday that Pfizer's Paxlovid oral medication, which is used to treat Covid-19, could not be [...]
Paytm Payments Bank has received banking regulator RBI's nod to appoint Surinder Chawla as its Managing Director and CEO, the company said in a statement on Sunday. The RBI, however, continues to bar Paytm Payments Bank from on-boarding new customers. "Paytm Payments Bank Limited (PPBL) has appointed veteran banker Mr. Surinder Chawla as its new Managing [...]
India's agri exports are growing at a healthy pace and there is a need to focus on the processed food sector as it holds huge potential to boost the country's outbound shipments, Trade Promotion Council of India (TPCI) said on Sunday. Keeping this in mind, the council's three-day IndusFood expo kickstarted on January 8 in [...]
Serum Institute of India chief executive officer Adar Poonawalla on Sunday said its Covovax vaccine will get approval as a booster in the next 10 to 15 days, adding it works very well against the Omicron variant of coronavirus. Speaking to reporters on the sidelines of an event at Bharti Vidyapeeth University here, Poonawalla, when [...]
Loans worth Rs 1,550 crore were given in a single day to street vendors, small scale entrepreneurs and cattle rearers at a credit outreach program here on Sunday. Union Finance Minister Nirmala Sitharaman and Lok Sabha Speaker Om Birla handed over the cheques to some beneficiaries. Officials said others will receive their loan amounts during [...]
The Chamber of Trade and Industry (CTI) has written to the Commission for Air Quality Management (CAQM), saying repeated implementation of curbs under Stage III of the Graded Response Action Plan has delayed projects and affected labourers. The Centre's air quality panel had invoked restrictions under Stage III of GRAP including a ban on private [...]
The first 'Global Partnership for Financial Inclusion' meeting of the G20 will begin in Kolkata on Monday with Queen Máxima of the Netherlands addressing the inaugural session. The three-day meeting will focus on the principles of digital financial inclusion, remittance costs and SME finance availability, officials said. It will also feature symposiums, exhibitions and a [...]
A consortium of alternative investment firm Varde Partners and institutional asset manager Arena has submitted a revised bid for the debt-laden Srei group entities after its previous plan was termed as "non-compliant", sources said on Sunday. Plans of the resolution applicants will be put up for voting after submission of a viability report by Dun [...]
