by PTI News | Apr 12, 2022 | 8:32 pm | News
Mumbai, Apr 12 (PTI) Last9, a software reliability platform, has raised USD 11 million (over Rs 83 crore) in a funding round led by Sequoia Capital India. The series A funding also saw the participation from co-investor Better Capital and a few angel investors. This is the second funding for the company after it raised [...]
by PTI News | Apr 12, 2022 | 8:18 pm | Economy, News
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
by PTI News | Apr 12, 2022 | 8:18 pm | Company Results, News
New Delhi, Apr 12 (PTI) Anand Rathi Wealth on Tuesday reported an over three-fold jump in its profit after tax at Rs 35 crore for the quarter ended March 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 10 crore in the same quarter the preceding fiscal, Anand Rathi Wealth [...]
by PTI News | Apr 12, 2022 | 8:12 pm | Economy, News
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
by PTI News | Apr 12, 2022 | 8:11 pm | News
Mumbai, Apr 12 (PTI) Automobile component maker Napino Auto & Electronics on Tuesday said it has signed an agreement with Israel-based startup EVR Motors to develop and manufacture motors for electric two-wheelers in India. The commercial licensing pact with EVR for TSRF motors will give a new shape to the EV industry with lower cost [...]
by PTI News | Apr 12, 2022 | 8:10 pm | Economy, News
New Delhi, Apr 12 (PTI) The government completed transactions worth Rs 96,000 crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme's first-year target of Rs 88,000 crore, a top official said on Tuesday.According to the official, Finance Minister Nirmala Sitharaman in a meeting with CEO Niti Aayog, finance secretary, and secretaries [...]
by PTI News | Apr 12, 2022 | 8:02 pm | News
New Delhi, Apr 12 (PTI) Ola Electric CEO Bhavish Aggarwal on Tuesday said the company plans to accelerate its new ambitious projects such as electric car, cell manufacturing and the gigafactory, besides deepening focus on technology and engineering. The company is doubling down on building the future in the country, Aggarwal said while refuting reports [...]
by PTI News | Apr 12, 2022 | 8:00 pm | Economy, News
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
by PTI News | Apr 12, 2022 | 7:44 pm | News
Coimbatore, Apr 12 (PTI) City-headquartered RapidEVChargE, an electric vehicle charging solutions company, is all set to expand its footprint pan-India and aims to install 5,000 EV charging units in the next three years. In addition to manufacturing a wide range of EV chargers, RapidEVChargE's proprietary software is the only indigenously developed solution that allows compatibility [...]
by PTI News | Apr 12, 2022 | 7:33 pm | News
New Delhi, Apr 12 (PTI) Factory production expanded by 1.7 per cent on an annual basis in February on account of improved performance by the mining and power generation sectors, as per government data released on Tuesday.The Index of Industrial Production (IIP) had contracted by 3.2 per cent in February 2021. The growth was 1.5 [...]
by PTI News | Apr 12, 2022 | 7:30 pm | News
New Delhi, Apr 12 (PTI) The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors. Pankaj Sharma has been nominated as a director of the bank through a notification dated April 11, 2022 with immediate effect and until further [...]
by PTI News | Apr 12, 2022 | 7:28 pm | Company Results, News
New Delhi, Apr 12 (PTI) Tinplate Company of India Ltd (TCIL) on Tuesday reported a two-fold rise in its profit at Rs 114.41 crore for the quarter ended March 2022. The company had posted a profit of Rs 56.15 crore in the year-ago period, TCIL said in a filing to BSE. The total income of [...]
by PTI News | Apr 12, 2022 | 7:19 pm | News
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
by PTI News | Apr 12, 2022 | 7:18 pm | News
New Delhi, Apr 12 (PTI) Capital markets regulator Sebi has amended norms related to security cover, disclosure of credit ratings and due diligence certificate for unsecured debt securities. Sebi has revised rules pertaining to debenture trustee norms, apart from issue and listing of non-convertible securities norms and LODR (Listing Obligations and Disclosure Requirements) rules, according [...]
by PTI News | Apr 12, 2022 | 7:14 pm | News
Mumbai, Apr 12 (PTI) Fruit importers IG International on Tuesday said it has entered into a joint venture with Turkish apple producer Engin Tarim to cultivate 50,000 tonnes of apples in Himachal Pradesh and Uttarakhand in the next three years.The joint venture named as IG-EnginTarim will nurture and cultivate 50,000 tonnes of apples in around [...]
by PTI News | Apr 12, 2022 | 7:13 pm | Commodities, News
Mumbai, Apr 12 (PTI) The Multi Commodity Exchange of India (MCX) on Tuesday said it will help in setting up the first commodity exchange in Bangladesh in association with Chittagong Stock Exchange. The country's largest commodities exchange signed a consultancy agreement with Bangladesh's bourse to help establish Bangladesh's first commodity derivatives platform. Under the agreement, [...]
by PTI News | Apr 12, 2022 | 7:08 pm | Economy, News
New Delhi, Apr 12 (PTI) Asserting that reforms are required to strengthen cooperatives in the country, Cooperation Minister Amit Shah on Tuesday said the Centre does not intend to interfere in the functioning of state cooperatives but will endeavour to bring uniformity in state laws through dialogue and coordination. He also emphasised on the need [...]
by PTI News | Apr 12, 2022 | 7:04 pm | News
Hyderabad, Apr 12 (PTI) Bharat Serums and Vaccines Limited (BSV) will be investing Rs 200 crore for setting up a vaccine and injectables making facility in Telangana, an official release said on Tuesday. BSV’s Managing Director and Chief Executive Officer Sanjeev Navangul, met with Telangana Industries Minister K T Rama Rao at Pragati Bhavan, it [...]
by PTI News | Apr 12, 2022 | 7:01 pm | News, News Alert
Spectrum prices recommended are rational, based on scientific calculations: Trai Chairman PD Vaghela to PTI. PTI MBI BAL BAL
by PTI News | Apr 12, 2022 | 6:54 pm | News
Chennai, Apr 12 (PTI) Asset manager ESR on Tuesday said it has leased out 43,000 square feet land of prime industrial real estate to France-based A2Mac1, a leader in the competitive benchmarking industry and reverse engineering for the automotive sector. A2Mac1 would use the facility located at Oragadam near here, for developing data and reports [...]
