Latest News on Corporate Actions

New Delhi, Mar 11 (PTI) The CBI on Friday opposed before a Delhi Court the bail application by Anand Subramanian in National Stock Exchange (NSE) co-location scam case, saying that the former group operating officer (GOO) impersonated as a “Himalayan Yogi” and influenced the decision making of former managing director and chief executive officer Chitra [...]

Mumbai, Mar 11 (PTI) The RBI on Friday asked Vijay Shekhar Sharma- promoted Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. This is the third time that Paytm Payments Bank is facing action from the banking regulator since its inception in May 2017. It has been prohibited [...]

New Delhi, Mar 11 (PTI) Telecom operator Bharti Airtel has selected three startups - Nuronics Labs, Enthu.Ai and Chimes Radio - for its accelerator programme, the company said on Friday.The startups were declared winners of the 'Airtel India Startup Innovation Challenge', organised in partnership with Invest India."The three winners of the competition will get access [...]

Mumbai, Mar 11 (PTI) The nation's largest container port JNPT on Friday said it will invest around Rs 4,300 crore under the PM Gati Shakti project to develop the second phase of the fourth terminal and an SEZ.  Addressing the media here, port trust chairman Sanjay Sethi said these projects will go a long way [...]

New Delhi, Mar 11 (PTI) Power Finance Corporation on Friday said it has paid Rs 886.97 crore as an interim dividend to the government for the financial year 2021-22.This is in addition to Rs 333 crore and Rs 370 crore paid as first and second interim dividend, respectively, earlier, Power Finance Corporation (PFC) said in [...]

New Delhi, Mar 11 (PTI) Torrent Power on Friday said it has completed the acquisition of wind energy firm Surya Vidyut Limited from CESC Limited.Surya Vidyut was a wholly-owned subsidiary of CESC Limited with a total capacity of 156 megawatts (MW)."Pursuant to share purchase agreement between Torrent Power Limited and CESC Limited, Haldia Energy Limited [...]

New Delhi, Mar 11 (PTI) The CBI on Friday opposed before a Delhi Court the bail application by Anand Subramanian in National Stock Exchange (NSE) co-location scam case, saying that the former group operating officer (GOO) influenced the decision making of former managing director and chief executive officer Chitra Ramakrishna.CBI counsel said that Subramanian, who [...]

New Delhi, Mar 11 (PTI) Apple premium reseller Unicorn Infosolutions is planning to set up 75 stores in the next three years, a senior company official said on Friday.Unicorn Infosolutions director Baljinder Paul Singh said the company is planning to open stores in the north and west India, and if iPhone maker Apple recommends then [...]

Mumbai, Mar 11 ( PTI) EV maker Omega Seiki Mobility (OSM) has formed a strategic partnership with Kathmandu-based MAW Vriddhi Commercial Vehicle to retail its vehicles in Nepal, according to a release.  This association will enable OSM to meet the evolving needs of a customer base, which is rapidly looking for a sustainable and zero-emission last-mile [...]

New Delhi, Mar 11 (PTI) The Supreme Court on Friday agreed to examine a plea seeking a direction to Centre for formulating a Uniform Code of Pharmaceutical Marketing Practices to curb unethical practices of Pharma companies and ensure an effective monitoring mechanism, transparency, accountability as well as consequences of violations.A bench of Justices DY Chandrachud [...]

New Delhi, Mar 11 (PTI) IDBI Bank on Friday said it has become one of the stakeholders in the government-promoted bad bank National Asset Reconstruction Company Ltd (NARCL), and will invest over Rs 272 crore to acquire equity stake and subscribe to its bonds. "IDBI Bank has become one of the stakeholders of NARCL on [...]

New Delhi, Mar 11 (PTI) D B Realty on Friday said its partnership firm DBS Realty has received a letter of acceptance from Municipal Corporation of Greater Mumbai (MCGM) to construct 4,000 tenements. "DBS Realty, a partnership firm in which D B Realty Ltd is a one-third partner, has received a Letter of Acceptance (LOA) [...]

New Delhi, Mar 11 (PTI) The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of [...]

Mumbai, Mar 11 (PTI) American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India, but will focus on growing its acquisitions - online marketplace Flipkart and payments major PhonePe, a top official said on Friday.It can be noted that the company acquired Flipkart and PhonePe in a USD 16 billion deal [...]

New Delhi, Mar 11 (PTI) Digital gaming and sports company Nazara Technologies through its wholly-owned subsidiary Nazara Technologies FZ LLC has committed an investment of Rs 30 crore in Griffin Gaming Partners Fund II. Nazara Technologies FZ LLC, known as Nazara Dubai, will invest up to Rs 10 crore upfront, while the rest Rs 20 [...]

New Delhi, Mar 11 (PTI) The Securities Appellate Tribunal (SAT) has disposed of Dish TV India Ltd's plea against a Sebi order that directed the company to disclose the results of its annual general meeting (AGM) that was held on December 30, 2021. Sebi, in its order on Monday, directed the satellite television broadcaster to [...]

New Delhi, Mar 11 (PTI) Live video infrastructure start-up 100ms has raised USD 20 million (about Rs 153 crore) in a Series-A funding round led by Alpha Wave Incubation. Matrix Partners India, LocalGlobe and existing investors Accel and Strive.vc also participated in the funding round, the company said. "The funds will be used to hire [...]

New Delhi, Mar 11 (PTI) Drug firm Strides Pharma Science on Friday said its subsidiary has received approval from the US health regulator to sell colchicine tablets, used for the treatment and prevention of gout, in the American market. Singapore-based Strides Pharma Global Pte, a step down wholly-owned subsidiary of the company, has received approval [...]

New Delhi, Mar 10 (PTI) Leading oral care products maker Colgate-Palmolive (India) Ltd on Thursday announced to appoint former HUL Executive Director Prabha Narasimhan as its Managing Director and CEO. The present Managing Director and CEO Ram Raghavan is promoted to the global Enterprise Oral Care role for parent firm Colgate-Palmolive. Narasimhan until recently led [...]

New Delhi, Mar 10 (PTI) Bayer CropScience Ltd on Thursday said its parent firm Bayer AG has signed a definitive agreement with global private equity firm Cinven to sell its environmental science professional business for USD 2.6 billion.The transaction is expected to close in the second half of this year, subject to the satisfaction of [...]

New Delhi, Mar 10 (PTI) Continuing its crackdown against entities allegedly involved in a front-running scam using messaging app Telegram, Sebi on Thursday carried out search and seizure operations at the premises of eight entities in multiple locations across the country. These entities are reportedly operating nine Telegram channels with more than five million subscribers [...]

New Delhi, Mar 10 (PTI) RailTel jumped 67 positions to rank 124th in the recently announced 'Fortune India Next 500 list of Year 2022' list, the rail PSU said in a statement.It was ranked 197 in the 2021 list of top midsize companies operating in India.RailTel is one of the largest neutral telecom infrastructure services [...]

New Delhi, Mar 10 (PTI) E-commerce company Amazon India on Thursday announced that the Indian exporter base on its platform has now increased by about 66 per cent since January 2020 to over 1 lakh.The company has around 60,000 exporters on Amazon who are shipping products overseas."Over 1 lakh Indian exporters are now selling globally [...]

New Delhi, Mar 10 (PTI) MMTC Ltd on Thursday said it has executed a share purchase agreement to sell its entire stake in Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd as part of the disinvestment drive of the government.In January, the government approved the sale of loss-making NINL to Tata Steel [...]

Amaravati, March 10 (PTI) The Gujarat Cooperative Milk Marketing Federation has forayed into the retail market in Andhra Pradesh, launching the sale of its Amul milk and curd in Vijayawada city.AP Dairy Development Cooperative Federation Managing Director Babu Ahamed launched the sale here on Thursday.The GCMMF is currently procuring cow and buffalo milk from farmers [...]

New Delhi, Mar 10 (PTI) State-owned hydro power giant NHPC on Thursday said it has paid an interim dividend of Rs 933.61 crore to the government for the financial year 2021-22.On Thursday, NHPC Chairman and Managing Director AK Singh handed over dividend payout advice of Rs 933.61 to Minister of State for Power and New [...]

New Delhi, Mar 10 (PTI) A Delhi court has granted interim protection from arrest to SpiceJet promoter Ajay Singh in connection with an alleged cheating case over the transfer of shares of the company.Additional Sessions Judge Vineeta Goyal also directed Singh, Chairman and Managing Director of Spicejet, against whom a non-bailable warrant was issued on [...]

Kohima, Mar 10 (PTI) Nagaland Government on Thursday signed a power purchase agreement (PPA) with a private company for setting up of the first greenfield solar power project in Dimapur district of the state.The agreement was signed by Principal Secretar, Power, K D Vizo on behalf of the Nagaland government and Director of Halo Energie [...]

New Delhi, Mar 10 (PTI) RattanIndia Enterprises has forayed into the drone business in the country through its wholly-owned subsidiary NeoSky and expects the commercial rollout of products in the first quarter of 2023, a senior company official said on Thursday. The company has earmarked an initial investment of Rs 100 crore in NeoSky, which [...]

Ranchi, Mar 10 (PTI) Jharkhand Finance Minister Rameshwar Oraon on Thursday said in the assembly that the state government was serious about return of Sahara investors' hard-earned money and was keeping a close tab on developments.Oraon said the matter was lying with capital markets regulator SEBI (Securities and Exchange Board of India) and the apex [...]

New Delhi, Mar 10 (PTI) The government on Thursday said Neelachal Ispat Nigam Ltd's JV partners signed a share purchase agreement (SPA) with Tata Steel Long Products, paving the way for NINL privatisation.NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL."SPA signed today by JV [...]

New Delhi, Mar 10 (PTI) UCO Bank has entered into an agreement to acquire 3 per cent stake in India Debt Resolution Company Ltd (IDRCL) for Rs 1.50 crore, the bank said on Thursday. UCO Bank became one of the stakeholders of IDRCL on March 9, 2022. The bank's holding in the company will be [...]

New Delhi, Mar 10 (PTI) Drugmaker Lupin on Thursday said it has launched its first reference laboratory under the diagnostics division in Kolkata.The company had forayed into the diagnostics segment in December last year as part of its strategy to provide integrated healthcare in India.Lupin Diagnostics is setting up laboratories in West Bengal, Assam, Bihar, [...]

Gurugram, March 10 (PTI) Electric-vehicle charging infra provider Tata Power has collaborated with Enviro - the facility management wing of real estate developer Vatika Group - to install 59 EV charging points at its properties here.The EV chargers will be installed at 18 locations across the properties of Vatika Group in the city.These chargers will [...]

New Delhi, Mar 10 (PTI) IT startup Metasky on Thursday said it has raised Rs 13.7 crore in a funding round led by Sequoia Capital India and Woodstock Fund. Metasky positions itself as a bridge to Web3 - working with influencers, creators, and brands closely to form a Web3 strategy for their followers with the [...]

Mumbai, Mar 10 (PTI) Kirloskar Ferrous Industries, a leading manufacturer of pig iron and grey iron castings, has picked up a majority stake in specialised seamless tube manufacturer Indian Seamless Metal Tubes (ISMT) for Rs 670 crore.The deal involves Kirloskar investing Rs 670 crore in ISMT, of which Rs 476.63 crore is equity investment for [...]

New Delhi, Mar 10 (PTI) Fair trade regulator CCI has approved the acquisition of L&T Investment Management Ltd by HSBC Asset Management (India) Pvt Ltd."Commission approves acquisition of 100 per cent share capital of L&T Investment Management Ltd (L&T AMC) by HSBC Asset Management (India) Private Limited (HSBC AMC)," the regulator said in a tweet.The [...]

Chennai, Mar 10 (PTI): Edu-tech startup Mentor Match on Thursday said it has raised USD 1 million in a pre-seed round of funding from US-based seed-stage venture fund Sapient Fund. According to company CEO Rohit Raheja, the funds would help the company to build a founding team across technology, marketing and operations departments by offering [...]

Mumbai, Mar 10 (PTI) Visa outsourcing company BLS International on Thursday said it expects a pick up in visa demand with India deciding to resume international flight services from March 27 amid a decline in COVID-19 cases.With the opening up of the global travel industry and a drop in the COVID-19 cases, the company is [...]

New Delhi, Mar 10 (PTI) State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh.In a statement, the state-owned miner said the e-auction process received an overwhelming response from Diamond merchants of Surat, Mumbai and Panna."NMDC conducted an e-auction for sale [...]

New Delhi, Mar 10 (PTI) IT company Clover Infotech has bought a 25 per cent stake in artificial intelligence startup Data Science Wizards for Rs 15.22 crore.Clover Infotech chairman Javed Tapia said the strategic investment in DSW will enable it to extend niche and focused data science and AI capabilities to its customers."Customers have entrusted [...]

New Delhi, Mar 10 (PTI) Curefoods, a cloud kitchen company that houses brands like EatFit, CakeZone and Great Indian Khichdi, on Thursday said it has acquired a majority stake in the leading milkshake brand, Frozen Bottle. Started in 2017, by first-time entrepreneur Pranshul Yadav, Frozen Bottle has a presence in more than 25 cities with [...]

New Delhi, Mar 10 (PTI) Game streaming platform Loco on Thursday said it has raised USD 42 million (about Rs 330 crore) in a Series-A funding round led by crypto firm Hashed, with participation from Makers Fund, Catamaran Ventures and Korea Investment Partners. All the investors from the company's seed round, including Krafton, Lumikai and [...]

New Delhi, Mar 10 (PTI) The government has appointed State Bank of India (SBI) managing director Ashwani Bhatia as whole-time member (WTM) of the Securities and Exchange Board of India (SEBI). The Appointments Committee of the Cabinet (ACC) has approved the appointment of Bhatia as a member initially for a period of three years from [...]

New Delhi, Mar 9 (PTI) Stove Kraft Ltd managing director Rajendra Gandhi on Wednesday bought company shares worth Rs 50 crore through an open market transaction. According to the bulk deal data on BSE, he purchased 7.75 lakh shares at an average price of Rs 645 apiece. Gandhi, a promoter of the company, held 53.4 [...]

Mumbai, Mar 9 (PTI) The Reserve Bank on Tuesday said NaBFID will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934.The National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021, received the assent of the President on March 28, 2021. It came to force with effect [...]

New Delhi, Mar 9 (PTI) Tata Power on Wednesday said its Singapore-based JV Resurgent Power Ventures has won the bid to acquire the stressed asset of South East UP Power Transmission Company Limited (SEUPTCL) through its resolution process under the Insolvency and Bankruptcy Code (IBC). Tata Power did not disclose the bid offered by Resurgent [...]

Mumbai, Mar 9 (PTI) Payments technology provider Credopay on Wednesday announced a USD 5 million (about Rs 38 crore) fundraise from Ezswype LLC and Zent International.The newly raised funds will be deployed for product development, client acquisition and marketing, the Chennai-based company said in a statement.The company offers a plug-and-play platform for payment acquisitions, payment [...]

New Delhi, Mar 9 (PTI) The attendance at the board meetings of listed companies has shown a significant improvement, with 86 per cent of the directors having had 100 per cent attendance in 2020-21, mostly on account of the virtual meetings held during the year, according to a survey by Excellence Enablers, a corporate governance [...]

New Delhi, Mar 9 (PTI) State-owned NTPC Limited on Wednesday announced that unit-3 of the 660 MW capacity of Nabinagar Power Generating Company Limited has successfully completed the trial operation and consequently included in the installed capacity of the group.With this, the total installed capacity of NTPC Group has reached a level of 68,567.18 MW, [...]

Mumbai, Mar 9 (PTI) The London Stock Exchange Group has added 1,500 staff at its Bengaluru hub last year, taking the total headcount to close to 6,000 at the back-end office, the company said on Wednesday. The company, which owns Refinitiv-- one of the largest financial markets data and infrastructure firms -- is also present [...]

New Delhi, Mar 9 (PTI) General Atlantic Singapore and Fairfax Financial Holdings are considering to pare their stakes in IIFL Wealth & Asset Management, seeking premium as high 40 per cent premium over the existing stock price, sources said on Wednesday. Fairfax Financial Holdings, which holds a 13.6 per cent stake in IIFL Wealth through [...]

New Delhi, Mar 9 (PTI) FMCG major Hindustan Unilever on Wednesday said it has appointed Madhusudhan Rao and Deepak Subramanian to its management committee. Rao has been appointed as Executive Director, Beauty & Wellbeing and Personal Care, while Subramanian has been named as Executive Director, Home Care. Rao takes over from Priya Nair, who will [...]

Money View's Mission: Provide access to world-class financial products to every Indian with a Smartphone BENGALURU, India, March 9, 2022 /PRNewswire/ -- Bengaluru headquartered fintech platform Money View has raised $75 million in their series D funding from Tiger Global, Winter Capital, Evolvence India, Accel along with other investors including South Park Commons, Trusted Insight [...]

New Delhi, Mar 9 (PTI) Venus Remedies on Wednesday said it has received the WHO Good Distribution Practices (GDP) certification from Societe Generale de Surveillance (SGS), the world's leading testing, inspection and certification company. The certification is an endorsement of the company's entire supply chain cycle, including distribution, operations and processes, the drug firm said [...]

Mumbai, Mar 9 (PTI) Bengaluru-headquartered online credit platform Money View has raised USD 75 million in Series-D funding from Tiger Global, Winter Capital, Evolvence India and Accel, along with other investors including South Park Commons, Trusted Insight and Dream Incubator. The latest funding values the start-up, co-founded by Puneet Agarwal and Sanjay Aggarwal,  at USD [...]

New Delhi, Mar 9 (PTI) NSE Managing Director and CEO Vikram Limaye on Wednesday said that he will not seek a second term at the stock exchange when his five-year term ends in July. This comes amid the National Stock Exchange (NSE) facing the regulatory probe in a case related to governance lapses at the [...]

• Upaya Social Ventures and Acumen led the round • Drone-based crop monitoring services for seed spices, oilseeds, and pulses • Funds will be utilized for expansion in Rajasthan & Gujarat and boost traceable and sustainable crop production NEW DELHI, March 9, 2022 /PRNewswire/ -- BharatRohan Airborne Innovations, Delhi-based agritech startup, has raised seed funding [...]

New Delhi, Mar 9 (PTI) IndusInd Bank has said microfinance loan disbursals by its subsidiary during the COVID-19 period was the result of a "technical glitch", according to the findings of audit firm Deloitte, and the bank has set up a panel to assess its staff's accountability. The matter relates to allegations of disbursal of [...]

New Delhi, Mar 8 (PTI) Union Power Minister R K Singh on Tuesday inaugurated a Smart Grid Knowledge Center (SGKC) and an Innovation Park, an official statement said. The virtual launch event was as part of the 'Azadi ka Amrit Mahotsav', which is an initiative of the government to commemorate 75 years of India's independence, [...]

New Delhi, Mar 8 (PTI) Personal hygiene company Soothe Healthcare on Tuesday said it has commenced operations at its new manufacturing facility in Noida, Uttar Pradesh to mark the occasion of International Women's Day. With the addition of the plant, the Delhi-based company aims to double its production capacity from 500 million units to 1 [...]

New Delhi, Mar 8 (PTI) On International Women's Day, fintech firm Spice Money announced that it will fund the education of women and girls from the families of its merchant community for a year.  Spice Money has joined hands with an Edtech startup Speed Labs, technology-based learning and practice platform, to educate women and girls [...]

Hamirpur (HP), Mar 8 (PTI) Hero MotoCorp on Tuesday provided 108 motorbikes to the Himachal Pradesh police here under its corporate social responsibility (CSR) programme.Union Minister for Information and Broadcasting Anurag Thakur, former Chief Minister Prem Kumar Dhumal and Director General of Police Sanjay Kundu were present on the occasion.Speaking on the occasion, Thakur said [...]

Mumbai, Mar 8 (PTI) CNH Industrial on Tuesday opened its new India Technology Center in Gurugram that will employ 1,000 staff by 2024, the company said on Tuesday.It will be an integral part of the company's global research and development footprint."India's vast potential, thriving economic development and highly-skilled talent pool make it an attractive market [...]

New Delhi, Mar 8 (PTI) IT major TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030, a source aware of the development said on Tuesday.The company had garnered USD 25 billion in revenue in [...]

New Delhi, Mar 8 (PTI) Google Cloud and Flipkart have entered into a multi-year strategic alliance to help fast-track the e-commerce company's innovation and cloud strategy.The partnership will drive Flipkart into its next phase of growth and advance its vision of onboarding India’s next 200 million shoppers and lakhs of sellers, according to a statement."Flipkart [...]

New Delhi, Mar 8 (PTI) Embattled DTH player Dish TV on Tuesday disclosed that its shareholders have rejected all three proposals, including the adoption of financial statements and reappointment of Ashok Mathai Kurien as director, at its AGM held on December 30, 2021.The company -- which did not declare the outcome of voting at its [...]

New Delhi, Mar 8 (PTI) Technology firm Continental on Tuesday said it has formed a joint venture with Japanese firm Nisshinbo Holdings to locally produce a component meant for electronic brake systems (EBS) in India. The new JV will localise machining for valve block meant for the EBS portfolio which includes electronic stability control (ESC) [...]

Silchar, Mar 8 (PTI) A tea company and various trade union organisations, representing the tea garden workers have signed a memorandum of understanding (MoU) to protect the rights of workers while setting up a proposed greenfield airport on land owned by the company in Assam's Barak valley, an official release said on Tuesday.The agreement was [...]

Bhubaneswar, Mar 8 (PTI) The Odisha government has decided to fast track the development of a new airport in Malkangiri in the southern part of the state and make it operational in two years, an official said on Tuesday.The airport in Malkangiri, which is the farthest from state capital Bhubaneswar, will boost the quality of [...]

New Delhi, Mar 8 (PTI) With an aim to deepen commodities derivatives trade and proposed electronic gold receipt (EGR) markets in India, stock exchange BSE on Tuesday said it has collaborated with the Bhartiya Swarnkar Sangh (BSS) and Jamshedpur Jewellers Association (JJA). The pacts are aimed at growing and developing value chain participants, enabling them [...]

• Rajahmundry asset adds 2,000-HP land drilling rig with world's highest capacity • It can operate in high-pressure & high-temperature conditions and can drill up to a depth of 6,000 metres BHIMAVARAM, Andhra Pradesh, March 8, 2022 /PRNewswire/ -- Megha Engineering and Infrastructures Limited (MEIL) has expedited the delivery of rigs and the handing over [...]

New Delhi, Mar 8 (PTI) Sri Chaitanya group's edtech start-up Infinity Learn has acquired concept-based multilingual content platform Don't Memorise for an undisclosed amount. Founded in 2014, Don't Memorise focuses on the K-10 segment -- specifically for grades 6 to 10 -- developing content in English, Hindi, Marathi and Bengali mainly for maths and science. [...]

New Delhi, March 8 (PTI) The Bombay High Court has allowed Future Enterprises to sell its stake in insurance joint venture Future Generali to Italian partner Generali, the company said in a regulatory filing on Tuesday.A local city court in Mumbai, following objections raised by some bold holders of Future companies, had last month put [...]

New Delhi, Mar 8 (PTI) NSE Academy, a wholly-owned subsidiary of the National Stock Exchange (NSE), on Tuesday said it intends to collaborate with the Karnataka State Higher Education Council to provide financial education and investment awareness for the holistic well-being of college students. Under the collaboration, all undergraduate students in Karnataka will gain the [...]

New Delhi, Mar 8 (PTI) Dish TV India Ltd on Tuesday said it will challenge the Sebi order in the Securities Appellate Tribunal (SAT), wherein the markets regulator had directed the company to disclose the results of its annual general meeting (AGM) that was held on December 30, within 24 hours. Sebi, in its interim [...]

New Delhi, Mar 8 (PTI) Alembic Pharmaceuticals Ltd on Tuesday said its joint venture, Aleor Dermaceuticals Ltd (Aleor), has received final approval from the US health regulator for its generic version of Nystatin and Triamcinolone Acetonide ointment used for the treatment of cutaneous candidiasis. Cutaneous candidiasis is an infection of the skin and nails caused [...]

Rampur (Assam), Mar 8 (PTI) On account of International Women's Day, FMCG major Britannia Industries on Tuesday announced that it is planning to increase the women workforce at its largest northeastern plant near Guwahati to 65 per cent this year.The company currently employs 1,367 people through permanent and contract modes, of which 60 per cent [...]

Noida, Uttar Pradesh, India – Business Wire India • Announces INR 16.5 crores (US$2.21 million) grant to NGOs in the seventh edition of HCL Grant, taking the total commitment over that timeframe to INR 95.75 crores (US$12.85 million). • Three winning NGOs in the categories of Environment, Health and Education receive INR 5 crores (US$671,140) [...]

Kolkata, Mar 7 (PTI) Bilateral trade at the Petrapole-Benapole land port resumed on Monday after two days of disruptions due to an agitation by Bangladeshi clearing and forwarding agents, following cancellation of licences, officials said."Trade is normal now and import and export operations are smooth," Petrapole Land Port Manager Kamlesh Saini said.Sajedur Rahman, general secretary [...]

Mumbai, Mar 7 (PTI) Fintech company Zeta has raised funds from global payments major Mastercard by selling an undisclosed stake. The two companies on Monday also announced a five-year partnership to launch credit cards globally, which will be powered by the processing stack of Zeta, which had acquired unicorn status in its first fundraise last [...]

New Delhi, Mar 7 (PTI) In order to streamline the capture and dissemination of information related to 'encumbrances', Sebi on Monday asked depositories to devise a mechanism to record all types of outstanding encumbrances and reasons for the same in the depository system by June 30. The decision, aimed at bringing in more transparency, has [...]

New Delhi, Mar 7 (PTI) Sterlite Power on Monday said it has received a Rs 440-crore debt funding from Tata Cleantech Capital for its Nangalbibra Bongaigaon Transmission Ltd (NBTL) project. The project involves construction of 300 ckt km ( circuit kilometers) of transmission lines and a new substation with 320 MVA transformation capacity across the [...]

New Delhi, Mar 7 (PTI) Capital markets regulator Sebi on Monday directed Dish TV India Ltd to immediately disclose the results of its annual general meeting (AGM) held on December 30, 2021 to the exchanges. The order comes after Sebi received complaints from Yes Bank Ltd (YBL), IndusInd Bank and other shareholders alleging that Dish [...]

Kolkata, Mar 7 (PTI) Mining behemoth Coal India will not have luxury to retain its loss-making mines with its aim to remain competitive in the wake of privatisation of coal blocks, a senior government official said on Monday. It is also expected that India will have a surplus of coal for thermal power plants by [...]

Chennai, Mar 7 (PTI) Zen Linen International Pvt Ltd., one of the largest producers of bed products, has laid the foundation at its facility in neighbouring Tada, as part of ramping up expansion at the unit. The ground-breaking ceremony was held in the presence of senior company executives, including company Chairman Bharath Mohindra, Sri City [...]

New Delhi, Mar 7 (PTI) Fujifilm Holdings on Monday announced a donation of USD 2 million to support humanitarian efforts in Ukraine and its neighbouring countries engaged in aid to the people of the warn-torn country. The company, in a statement, said it will donate USD 1 million to the United Nations High Commissioner for [...]

New Delhi, Mar 7 (PTI) State-owned CIL on Monday said it is concentrating its efforts to augment its coal supplies further in a bid to touch the 670-million-tonnes offtake mark in the ongoing financial year. Almost all subsidiaries of Coal India Ltd (CIL) are ahead in their respective coal offtake numbers compared with the corresponding [...]

Mumbai, Mar 7 (PTI) JSW Ventures, an arm of Sajjan Jindal-led JSW Group, on Monday said it has led a USD 5-million investment in beauty and personal care products firm Cureskin. Other investors in the round included Sharrp Ventures, SenseAI and other existing investors, according to an official statement. The funds raised will be deployed [...]