New Delhi, May 6 (PTI) The Department of Pharmaceuticals has recommended allocation of a fixed percentage of not less than 1 per cent of annual budget of institutes to fund and promote innovation and startup-related activities in the sector. In its common guidelines on pharmaceutical innovation and entrepreneurship for academic institutions, the Department of Pharmaceuticals [...]
New Delhi, May 6 (PTI) The handover of loss-making helicopter service provider Pawan Hans to Star9 Mobility Pvt Ltd is likely to get over by June, an official said on Friday.Last month, the government approved selling its 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL) along with the transfer of management [...]
Chennai, May 6 (PTI) The Central Board of Indirect Taxes and Customs (CBIC) has achieved a milestone in terms of revenue by generating Rs 1,67,540 crore in April 2022, a senior government official has said. Revenue Secretary Tarun Bajaj after inaugurating SANKALP -- an annual conference of principal chief commissioners, principal director generals of Goods [...]
NEW DELHI, May 6, 2022 /PRNewswire/ -- In celebration of the Mother's Day (May 8), Dyson India is inviting the mother – daughter duos to experience no extreme heat damage hair styling using Dyson's Hair Care technologies at the Dyson Demo stores. True to its mission of 'solving problems that others ignore', Dyson's hair care [...]
Chennai, Tamil Nadu, India (NewsVoir) Dr. Lakshmi Venu has taken over as the Managing Director of Sundaram-Clayton Limited (SCL), one of India’s leading auto components manufacturer at the board meeting held today. Dr.Venu was the Joint Managing Director of Sundaram-Clayton. Dr. Lakshmi Venu has been leading Sundaram-Clayton from the forefront with aplomb for over a [...]
Tata Power has reported an over 31 per cent rise in its consolidated net profit to Rs 632.37 crore in the March 2022 quarter, mainly on the back of higher revenues. Its consolidated net profit was Rs 481.21 crore in the year-ago quarter, according to a statement. "Consolidated PAT before Exceptional Items up by 76 [...]
NEW DELHI, May 6, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) ("Azure" or "the Company"), a leading independent sustainable energy solutions provider and renewable power producer in India, today announced that Mr. Harsh Shah will be joining as the Chief Executive Officer, effective July 1, 2022. Mr. Shah was previously the Chief Executive [...]
Reliance Jio on Friday posted an about 24 per cent increase in standalone profit after tax to Rs 4,173 crore for the quarter ended March 2022. The company had registered a profit after tax (PAT) of Rs 3,360 crore in the same period a year ago, the company said in a filing. The standalone revenue [...]
Kolkata, May 6 (PTI) Power distribution company CESC Ltd on Friday said it has commissioned its first microgrid with floating solar and Battery Energy Storage System (BESS) on a trial basis in South 24 Parganas district, a model that will help in crisis management and uninterrupted power supply with green energy.Microgrid is like a small [...]
New Delhi, May 6 (PTI) Auto components major Sundaram-Clayton Ltd on Friday announced the elevation of Lakshmi Venu as its Managing Director. Venu, who was the Joint Managing Director, has been leading the company for over a decade now. She has been the lead architect in establishing Sundaram Clayton's global footprint, the company said in [...]
New Delhi, Delhi, India (NewsVoir) • End-to-end solutions that help Pulp & Paper industry maximize plant reliability and performance • Visit us at Stall No. H16, Lane-H, Hall No. 11 Expo Centre, Greater Noida SKF - a leading global manufacturer of bearings, sealing solutions, lubrication management, condition monitoring systems, and services, will showcase its extensive [...]
Great Eastern Shipping (GE Shipping) on Friday reported a 285.71 per cent jump in consolidated net profit to Rs 189 crore for the quarter ended March. The company had posted a net profit of Rs 49 crore in the year-ago period, GE Shipping said in a BSE filing. Total revenue during the January-March quarter increased [...]
New Delhi, May 6 (PTI) The power ministry has directed all imported coal-based plants to run on full capacity amid the ongoing dry fuel shortage at thermal plants crippling electricity generation.In an office order issued in this regard on Thursday by the ministry, it is noted that most of the states have allowed pass-through of [...]
New Delhi, May 6 (PTI) Investors became poorer by over Rs 4.47 lakh crore on Friday as markets faced severe drubbing, mirroring weak trends in global equities. The 30-share BSE benchmark dived 866.65 points or 1.56 per cent to settle at 54,835.58. During the day, it tumbled 1,115.48 points or 2 per cent to 54,586.75. [...]
Mumbai, May 6 (PTI) Dalal Street wilted under intense selling pressure on Friday, mirroring a meltdown in world equities as investors braced for slowing global growth amid policy tightening by central banks. A sharp drop in the rupee amid a spurt in crude oil prices and unabated foreign fund outflows added to the woes. The [...]
New Delhi, May 6 (PTI) With focus on port-led development, more than 1,500 projects worth around Rs 6.5 lakh crore have been identified for implementation as part of the Sagarmala programme, Union minister Sarbananda Sonowal said on Friday. Sonowal further said that container turnaround time at major ports has also reduced due to the Sagarmala [...]
New Delhi, May 6 (PTI) The government's decision to allow surety bonds as substitute for bank guarantees in government procurement have opened a new avenue for the general insurance sector and will also help create cross-selling opportunities for the industry, said Bajaj Allianz General Insurance CEO Tapan Singhel. Surety bonds contracts typically involve three parties [...]
Chennai, May 6 (PTI) Auto component manufacturer Sundaram-Clayton Ltd has elevated Lakshmi Venu as its Managing Director with immediate effect, the company said on Friday. Prior taking up the new role, Venu was serving the city-based TVS Group firm as its joint managing director. Venu, daughter of TVS Group Chairman-Emeritus, Venu Srinivasan has been leading [...]
