Mumbai, Apr 26 (PTI) Integrated inter-modal logistics services provider Gateway Distriparks Limited (GDL) on Tuesday reported an 84.40 per cent year-on-year growth in profit after tax (PAT) at Rs 85.53 crore for the quarter ended March 2022. The company had posted a profit of Rs 46.38 crore in the March quarter of FY21, it said [...]
Chennai, Apr 26 (PTI): BNY Mellon, a global investment company on Tuesday inaugurated its new state-of-the-art office here that would accommodate different teams assisting the company's global operations. The facility, marks a historical milestone for BNY Mellon's 20 year old operations and was the single largest facility for the company in India that can house [...]
New Delhi, Apr 26 (PTI) Hospitality industry body Hotel Association of India (HAI) on Tuesday said it has asked the government to intervene to restore insurance premium rates for hotel properties to FY 2018-19 level, stating these have been increased by over two-and-half times by re-insurers. In a submission to Finance Minister Nirmala Sitharaman, the [...]
New Delhi, Apr 26 (PTI) Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21,000 crore public offer that is likely to open on May 4, sources said. Life Insurance Corporation (LIC) would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees. [...]
New Delhi, Apr 26 (PTI) Biological E on Tuesday said the approval for its vaccine Corbevax for children in the 5-12 years age group will help in bringing normalcy in the fight against the COVID-19 pandemic. The Hyderabad-based company has received emergency use authorisation for the 5-12-year age group from the Drugs Controller General of [...]
New Delhi, Apr 26 (PTI) The 12th ministerial conference of the World Trade Organisation will take place from June 12-15 in Geneva. The Ministerial Conference (MC) is the highest decision making body of the 164-member Geneva-based multilateral body. The meet was originally scheduled to take place from November 30 to December 3 last year but [...]
New Delhi, Apr 26 (PTI) India and Maldives plan to set up a transmission interconnection for transfer of renewable power between the two countries. The proposal was discussed during the meeting between Power and New and Renewable Energy Minister R K Singh and Maldives' Environment, Climate Change and Technology Minister Aminath Shauna in the national [...]
Elon Musk has acquired social media platform Twitter in a $44 billion deal. However, this acquisition is yet to get regulatory and shareholders’ approvals. Twitter tried every trick possible, including the much spoken “poison pill” in which existing shareholders were expected to prevent the deal from happening. The deal has left the company’s employees anxious [...]
New Delhi, Apr 26 (PTI) Seven ropeway projects of total 57.1 km length will be constructed in Himachal Pradesh at a cost of Rs 3,232 crore under the ambitious Parvatmala Yojana, an official statement said on Tuesday. According to the statement, a memorandum of understanding (MoU) [...]
New Delhi, Apr 26 (PTI) Azure Power Global on Tuesday announced that its board has accepted resignations of its chief executive officer Ranjit Gupta and chief operating officer Murali Subramanian. "Azure Power Global Ltd, a leading independent sustainable energy solutions provider and power producer in India, today announced that its board of directors have accepted [...]
AU Small Finance Bank (SFB) on Tuesday said its net profit soared 105 per cent to Rs 346 crore in the quarter ended March 2022, supported by lower provisioning for bad loans and improvement in business scenario. The Jaipur-based company had posted a net profit of Rs 169 crore in the same quarter of the [...]
Thiruvananthapuram, Apr 26 (PTI) Kerala Finance Minister K N Balagopal on Tuesday said startups have a major role in strengthening the state's economy as leveraging their innovative ideas can lead to remarkable growth in various sectors. The minister was speaking during the inauguration of the country's largest Business to Government (B2G) summit, organised by Kerala [...]
Chennai, Apr 26 (PTI): Information technology, consumer electronics and peripherals brand Zebronics on Tuesday said it has roped in Bollywood actress Janhvi Kapoor as its brand ambassador for its smartwatches and audio products campaign marking its 25th anniversary celebrations. Zebronics said the actress was signed for her charismatic personality, style and liveliness that she carries [...]
New Delhi, Apr 26 (PTI) Shareholders of Tata Sons, the holding company and promoter of Tata group companies, have approved the reappointment of N Chandrasekaran as chairman for another five-year term despite its single largest shareholder the Shapoorji Pallonji family abstaining from voting, according to sources. In February this year, the Board of Tata Sons [...]
Jodhpur, Rajasthan, India (NewsVoir) MCats, India’s fastest growing startup accelerator, announces its next D2C batch of selected startups for its accelerator cohort program, ‘Thrive’. The accelerator believes that with over 760+ million online users in the country, there has never been a better time to power India’s D2C economy. The D2C startups that are onboarding [...]
New Delhi, Apr 26 (PTI) IT company Wipro Limited will acquire 100 per cent stake in Rizing Intermediate Holdings for about USD 540 million (around Rs 4,135 crore) in an all-cash deal to scale up its SAP consulting capabilities, the company said on Tuesday. US-based Rizing is the latest in a series of acquisitions by [...]
New Delhi, Apr 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd has signed a formal shareholder agreement for the USD 2 billion TA'ZIZ chemical joint venture in the UAE and inked a pact to collaborate with ADNOC in finding and producing conventional and unconventional resources. "Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA'ZIZ) and Reliance [...]
The merger of Jindal Stainless Ltd (JSL) and Jindal Stainless (Hisar) Ltd (JSHL) into a single entity has been approved by the shareholders and creditors of the two firms. As per the regulatory requirements, the two companies convened meetings of their respective shareholders and creditors for approving the Scheme of Arrangement between the two firms, [...]
New Delhi, Apr 26 (PTI) The central government has fixed the price cap of Rs 6,500 per quintal on raw jute on the basis of scientific methodology which is in line with the market trend prevailing at that point of time and not arbitrarily, official sources said on Tuesday. The upper cap of Rs 6,500 [...]
New Delhi, Apr 26 (PTI) A section of exhibitors protesting against poor amenities at the renovated Pragati Maidan in the national capital stalled the inaugural ceremony of AAHAR food and hospitality fair on Tuesday, forcing Union minister Piyush Goyal to cut short his speech midway. The Commerce and Industry Minister was the chief guest at [...]
