Mumbai, Apr 25 (PTI) IPO-bound sports shoe maker Campus Activewear saw its online sales jump to around Rs 400 crore, accounting for 37 per cent of total sales in the nine months ended December 2021, primarily driven by small town shoppers. The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the [...]
New Delhi, Apr 25 (PTI) PTC India Ltd (PTC) on Monday said its shareholders have approved the appointment of three non-executive directors. The nod by shareholders was given at the company's Extraordinary General Meeting (EGM) held on April 22, 2022 through video-conferencing, the country's largest electricity trader said in a statement. "Shareholders approve appointment of [...]
New Delhi, Apr 25 (PTI) EKI Energy Services Ltd (EKI) on Monday said it will generate 1 billion carbon credits by 2027. Carbon credits are earned by reduction of greenhouse gas emission in the atmosphere through climate-friendly projects, and can be used by governments, industries or private individuals to compensate for generating emissions elsewhere, BSE-listed [...]
New Delhi, Apr 25 (PTI) The finance ministry on Monday clarified that no feedback has been sought from states on the GST rates for specific items or regarding proposals to restructure the rates. In the wake of some media reports stating that feedback has been sought from states regarding a suggestion for raising Good and [...]
New Delhi, Apr 25 (PTI) Union minister Ashwini Vaishnaw on Monday said that regular yoga training should be organised for the postmen and other staff for betterment of their health, an official statement said. The minister was speaking at a programme organised by the Department of Posts to mark the the countdown for the International [...]
New Delhi, Apr 25 (PTI) There is a five-fold increase in the grant of patent annually, and a four-fold rise in trademark registration every year since 2014, the Ministry of Commerce and Industry said on Monday. To modernise the Intellectual Property (IP) office and reduce legal compliances, along with facilitating filing of IP applications, the [...]
New Delhi, Apr 25 (PTI) Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said. The Reserve Bank had barred HDFC Bank from issuing new credit cards [...]
New Delhi, Apr 25 (PTI) Gufic Biosciences on Monday said it has received an approval from the Central Drugs Standard Control Organisation (CDSCO) to manufacture and market a drug used to treat invasive Aspergillosis and Mucormycosis. The company has received approval for the production, sale and distribution of Isavuconazonium Sulfate API and finished formulation Isavuconazole [...]
Century Textiles & Industries, part of the Aditya Birla group, on Monday reported a Rs 84 crore net income in the March quarter, making a turn around from a Rs 5 crore net loss in the year-ago period as its sales jumped 45 per cent to Rs 1,188 crore. For the full financial year, the [...]
New Delhi, Apr 25 (PTI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday announced that natural farming will start in 5,200 villages of the state from June and the government will also provide Rs 900 per month to farmers for maintaining indigenous cows. Addressing a national workshop on innovative agriculture through virtual mode, he [...]
Chennai, Apr 25 (PTI) TVS Motor Company, a leading manufacturer of two and three-wheelers, on Monday announced a partnership with Malaysian oil and gas company Petronas to form PETRONAS TVS Racing Team. The team will participate in road racing, supercross and rally formats of racing, including the Indian National Motorcycle Racing Championship (INMRC), Indian National [...]
Auto component firm Mahindra CIE Automotive on Monday posted a consolidated net profit of Rs 161.42 crore for the first quarter ended March. The company had reported a consolidated net profit of Rs 10.09 crore in the year-ago period. Revenue from operations rose to Rs 2,588.36 crore for the first quarter as compared with Rs [...]
New Delhi, Apr 25 (PTI) Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the [...]
Mumbai, Apr 25 (PTI) The ongoing headwinds like war-triggered inflation, rate tightening by RBI and weak rupee will lead to a Rs 60,000 crore increase in 'risky debt' in FY23, a ratings agency warned on Monday. Defining 'risky debt' as borrowings by companies having a net leverage or debt to operating profit ratio of more [...]
New Delhi, Apr 25 (PTI) The old narrative for India that it has opportunities for a few has changed now and is visible with a large number of unicorns and start-ups coming that are not related to famous family names, Union minister Rajeev Chandrasekhar said on Monday. While speaking at a Public Affairs Forum of [...]
New Delhi, Apr 25 (PTI) Private sector lender Yes Bank Ltd has moved National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Zee Learn, according to a regulatory filing. The company said that Yes Bank Ltd has allegedly claimed that the total amount in default with respect to a financial facility is Rs [...]
New Delhi, Apr 25 (PTI) President Ram Nath Kovind on Monday said that it is important for India and European Union (EU) to engage in strategic and geo-political avenues such as in the Indo-Pacific, apart from deepening economic relations. In areas such as climate action, clean energy, sustainable growth, digital transformation and research & innovation, [...]
London, Apr 25 (PTI) The UK’s first self-driving bus began its road trials in Scotland on Monday, with plans for transporting passengers within months. The buses are fitted with sensors which enable them to run on pre-selected roads without the safety driver having to intervene or take control, according to Scottish media reports. When operational [...]
New Delhi, Apr 25 (PTI) TVS Motor Company on Monday said it has joined hands with PETRONAS whereby the energy company will become the title partner of TVS Racing, the country's first factory racing team. Rebranded as PETRONAS TVS Racing Team, the outfit will don a new livery as part of the alliance effective this [...]
Battery and flashlights maker Eveready Industries India Ltd on Monday reported narrowing of its consolidated net loss to Rs 38.41 crore in the fourth quarter ended March. The company had posted a net loss of Rs 442.53 crore in the January-March period a year ago, it said in a regulatory filing. Its revenue from operations [...]
