New Delhi, Mar 31 (PTI) The finance ministry on Thursday invited bids to sell the entire government stake in Ferro Scrap Nigam Ltd (FSNL).The last date to submit an Expression of Interest (EoI) is May 5."The Government of India is proposing to disinvest Ferro Scrap Nigam Limited (FSNL), a 100 per cent subsidiary of MSTC [...]
The ongoing war in Ukraine, which is the world's largest sunflower grower, is likely to result in at least 25 per cent or 4-6 lakh tonnes shortage of crude sunflower oil supplies in India next fiscal, according to a report. Around 70 per cent of crude sunflower oil comes to India from Ukraine and about [...]
New Delhi, Mar 31 (PTI) Asian Development Bank (ADB) and HSBC India have signed an agreement to establish a USD 100 million partial guarantee programme to support more than 4,00,000 micro-borrowers and mostly women-run micro-enterprises across India. HSBC will expand its lending to microfinance institutions (MFIs) and non-bank finance companies, with ADB partially guaranteeing the [...]
MUMBAI, India, March 31, 2022 /PRNewswire/ -- SVKM's Narsee Monjee Institute of Management Studies (NMIMS) Deemed-to-be University, announced on 24th March, 2022 that it has signed memoranda of understanding (MoUs) with four global universities to reform business and professional excellence through educational and academic exchanges across the world. These MoUs will promote educational and academic [...]
New Delhi, Delhi, India (NewsVoir) Premas Life Sciences (PLS) and Beckman Coulter today announced a new sales distribution agreement, appointing Premas Life Sciences as the technology and knowledge partner of Beckman Coulter Life Sciences Automated Liquid handling solutions in India. As experts in fluid transferology, Beckman Coulter Life Sciences offers a broader range of flexible, [...]
Bengaluru, March 31 (PTI) With Biocon chief Kiran Mazumdar-Shaw requesting him to resolve "growing religious divide" in Karnataka, Chief Minister Basavaraj Bommai on Thursday called upon all sections of society to observe restraint before going public on social issues, as they can be resolved through discussions. He said Karnataka is known for peace and progress [...]
A refreshed look representing a unique, elegant, and progressive brand BENGALURU, India, March 31, 2022 /PRNewswire/ -- ANSR, the market leader in helping global organizations accelerate digital transformation and technology innovation through Global Capability Centers (GCCs), today unveiled its refreshed brand identity and the new company logo. Called the 'Future Beam,' the new logo is [...]
New Delhi, Mar 31 (PTI) Larsen & Toubro Limited (L&T) has appointed former Chief Executive Officer of Citibank India Pramit Jhaveri as independent director. The board also approved the appointment of Jhaveri as an independent director of the company for a period of five years with effect from April 1, 2022, L&T said in a [...]
New Delhi, Mar 31 (PTI) As many as 37,078 accidents involving trucks or lorries occurred in 2019, causing 13,532 deaths, Parliament was informed on Thursday. In a written reply to the Lok Sabha, the Minister of Road Transport and Highways Nitin Gadkari said that as many as 23,868 people were killed in road accidents in which impacting vehicles were trucks or lorries [...]
Vodafone Idea on Thursday said its board has approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoters group entities - Euro Pacific Securities, Prime Metals and Oriana Investments - for about Rs 4,500 crore. The telecom operator had earlier this month announced Rs 14,500 crore fundraising plans, where [...]
New Delhi, Mar 31 (PTI) As oil prices dived on news that the US was considering record release from the reserves, India on Thursday said it supports the initiative to let out from the strategic stockpile to cool rising oil prices. Oil prices plunged on Thursday on news that the United States was considering releasing [...]
New Delhi, Mar 31 (PTI) Guar seed prices on Thursday rose by Rs 7 to Rs 6,340 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 7 or 0.11 per [...]
New Delhi, Mar 31 (PTI) Guar gum prices on Thursday gained Rs 50 to Rs 12,089 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 50 or 0.41 per cent to Rs 12,089 per [...]
New Delhi, Mar 31 (PTI) The number of women-led micro, small and medium enterprises in India has increased substantially by over 75 per cent in FY22 to 8.59 lakh units, against 4.9 lakh units in the previous fiscal, Parliament was informed on Thursday. "While 4.9 lakh women led MSMEs registered on the portal during the [...]
New Delhi, Mar 31 (PTI) Tata Motors on Thursday said it has launched Tigor EV in Nepal. Starting today, the Tigor EV deliveries will commence across the country, the auto major said in a statement. The vehicles are now on display at showrooms and have been made available for test drives across the dealer network [...]
New Delhi, Mar 31 (PTI) Crude oil futures on Thursday dropped by 4.21 per cent to Rs 7,773 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 342 or 4.21 per cent to Rs 7,773 per barrel with a business volume [...]
New Delhi, Mar 31 (PTI) Supply chain startup Wiz Freight on Thursday said it has raised Rs 275 crore funding through a mix of equity and debt led by Tiger Global. Other investors -- Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures and Alteria Capital also participated in the Series A funding round, the company said [...]
New Delhi, Mar 31 (PTI) Sanjeev Gupta-led GFG Alliance on Thursday announced the appointment of Sandip Biswas as Group Chief Investment Officer.Biswas will join the London-based business house from Tata Steel UK, where he was the Chairman.In a statement, GFG Alliance said it has "appointed global steel industry executive Mr Sandip Biswas as Group Chief [...]
New Delhi, Mar 31 (PTI) Bharti Airtel and Tech Mahindra on Thursday announced a strategic partnership to jointly develop and market enterprise-grade digital solutions across 5G, private networks and cloud.Telecom operator Airtel has been undertaking 5G demonstrations and testing in India, while IT services major Tech Mahindra has developed 5G applications and platforms.Airtel and Tech [...]
New Delhi, Mar 31 (PTI) Infrastructure company Ashoka Buildcon on Thursday said it has received a letter of award (LoA) from NHAI to develop a section of National Highway 150 C on a hybrid annuity model.In 2019, the government had approved the hybrid annuity model (HAM) for building national highways (NH) to speed up the [...]
