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REC overall loan disbursements up 18% to Rs 54,692 crore in Q3

REC overall loan disbursements up 18% to Rs 54,692 crore in Q3

Fri, Jan 03, 2025

For the nine-month (Q1-Q3) period of FY25, REC disbursed total loans amounting to Rs 1,45,647 crore, which is higher by 19.30 per cent compared to Rs 1,22,089 crore disbursed in the corresponding period of FY24.

NBCC gets Rs 300-crore work order in Varanasi, Rs 44-crore contract at AIIMS Gorakhpur

NBCC gets Rs 300-crore work order in Varanasi, Rs 44-crore contract at AIIMS Gorakhpur

Fri, Dec 27, 2024

State-owned NBCC has bagged a Rs 300-crore contract to develop a commercial complex in Varanasi, Uttar Pradesh. In a regulatory filing on Friday, the company said it has secured a Rs 300-crore order for "development of Jawaharlal Nehru Commercial Complex (JLNCC), Englishya Lines, Varanasi on self-sustainable model".

Tata Consumer Products denies reports on exit of Starbucks from India

Tata Consumer Products denies reports on exit of Starbucks from India

Thu, Dec 19, 2024

Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as "baseless". Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India.

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Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal

Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal

Mon, Oct 09, 2023

Bristol is buying Mirati at a time when the shares are considerably cheaper than they were. Mirati's shares touched a 52-week high of $101.3 apiece on Nov. 28 and are now trading at $60.2.

ADIA to invest Rs 4,966.80 crore in Reliance Retail for 0.59% stake

ADIA to invest Rs 4,966.80 crore in Reliance Retail for 0.59% stake

Sat, Oct 07, 2023

"This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), which makes it among the top four companies by equity value in the country," Reliance Industries said in a regulatory filing.

Strides Pharma gets USFDA nod to market HIV drug

Strides Pharma gets USFDA nod to market HIV drug

Wed, Oct 04, 2023

Strides Pharma Science said its subsidiary has received approval from the US health regulator to market a generic version of Gilead Sciences' Atripla tablets which are indicated to help control HIV infection.

NMDC's iron ore production rises 10% in September

NMDC's iron ore production rises 10% in September

Tue, Oct 03, 2023

State-owned miner NMDC Ltd on Tuesday posted a 9.8 per cent rise in iron ore production at 3 million tonnes (MT) in September. The company's iron ore output in September last year was 2.73 MT, NMDC said in a regulatory filing.

S&P Global Ratings cuts Vedanta Resources credit rating

S&P Global Ratings cuts Vedanta Resources credit rating

Sat, Sep 30, 2023

S&P Global Ratings on Friday cut the rating of billionaire Anil Agarwal's Vedanta Resources Ltd rating to 'CCC' from 'B-' and placed it under "creditwatch with negative implications".

Uno Minda to enhance stake in JV firm to 76%

Uno Minda to enhance stake in JV firm to 76%

Fri, Sep 29, 2023

The company's board has approved increasing stake in Minda Westport Technologies Ltd (MWTL) from 50 to 76 per cent by acquiring an additional 26 per cent stake from its joint venture partner Westport Fuel Systems Italia, Uno Minda said in a statement.

Accenture warns of weaker fiscal 2024 as IT spending remains under pressure

Accenture warns of weaker fiscal 2024 as IT spending remains under pressure

Thu, Sep 28, 2023

IT services firm Accenture forecast full-year earnings and first-quarter revenue below Wall Street targets, signaling that high inflation and interest rates pressures will hurt demand through next year.

JioAirFiber could unlock a US$7-10 billion revenue opportunity: Jefferies

JioAirFiber could unlock a US$7-10 billion revenue opportunity: Jefferies

Thu, Sep 28, 2023

JioAirFiber could unlock a US$7-10 billion revenue opportunity as it could spur broadband adoption among 85 million Pay-TV homes that do not have internet access today, according to a report by foreign brokerage Jefferies.

AbbVie terminates deal with I-Mab to develop cancer drug

AbbVie terminates deal with I-Mab to develop cancer drug

Sat, Sep 23, 2023

AbbVie's decision to scrap the deal comes after it pulled the plug on an early-stage study in August last year that was testing lemzoparlimab in combination with two other drugs for treating two types of blood cancers, myelodysplastic syndrome and acute myelocytic leukemia.

Median cost of IT outages at Indian firms now Rs 520 crore a year: Report

Median cost of IT outages at Indian firms now Rs 520 crore a year: Report

Wed, Sep 13, 2023

Although no respondents in India use just one single platform for observability, 51 per cent said they prefer a single, consolidated platform and highlighted too many monitoring tools as the biggest challenge to achieving full-stack observability.

6 Indian companies enter top 10 digital media players' list in FY23

6 Indian companies enter top 10 digital media players' list in FY23

Wed, Sep 06, 2023

The robust performance of the digital media market comprises various segments such as over-the-top (OTT) video services, audio streaming, short-form video platforms and digital gaming.

Emirates Global Aluminium's first-half profit slides 66%

Emirates Global Aluminium's first-half profit slides 66%

Thu, Aug 31, 2023

One of the world's largest aluminium producers, EGA posted net profit of 2 billion dirhams ($544.62 million) for the first six months of the year, down from 5.9 billion dirhams a year earlier.

Titagarh Rail Systems bags Rs 350-crore contract for Ahmedabad Metro project

Titagarh Rail Systems bags Rs 350-crore contract for Ahmedabad Metro project

Wed, Aug 30, 2023

Titagarh Ahmedabad Metro: Titagarh Rail Systems Ltd (TRL) formerly Titagarh Wagons said it has received a letter of acceptance for a Rs 350-crore contract from GMRC for the design, manufacture, supply, testing, commissioning, and training of 30 standard gauge cars.

Lupin gets USFDA nod to market generic drug

Lupin gets USFDA nod to market generic drug

Fri, Aug 25, 2023

Drug maker Lupin on Friday said it has received approval from the US health regulator to market a generic product, used in the treatment of a lung disease, in the American market.

Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure

Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure

Thu, Aug 24, 2023

Renewable energy solution provider Suzlon Group announced that it has bagged an order from Integrum Energy Infrastructure for the development of a 31.5-MW wind energy project.

BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission

BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission

Wed, Aug 23, 2023

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) said it has successfully manufactured the first set of indigenous SCR Catalysts for limiting NOx emissions from thermal power plants.

Glenmark settles drug pricing case with US Department of Justice

Glenmark settles drug pricing case with US Department of Justice

Tue, Aug 22, 2023

Glenmark Case: Drug firm Glenmark Pharmaceuticals said it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug.

India360: Make your passion your profession?

India360: Make your passion your profession?

Mon, Aug 21, 2023

World Entrepreneurs Day: As time changed, people's thinking changed, along with it changed the way of choosing the way for the future. Now the youth is coming forward as a successful entrepreneur by preparing his hobby as a job. Not only youth are getting better opportunities in this, watch India360 'Indian Startups Mein Dum' with Deepak Doval

CBDT notifies rules for valuing rent-free accommodation perquisite provided by employers

CBDT notifies rules for valuing rent-free accommodation perquisite provided by employers

Sun, Aug 20, 2023

Employees enjoying rent-free accommodation would see rationalisation of perquisite value leading to a reduction in taxable salary, increasing the net take-home pay.

Mahindra & Mahindra gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim

Mahindra & Mahindra gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim

Fri, Aug 18, 2023

Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime by erstwhile Mahindra Vehicle Manufacturers Ltd, which has since been merged into it.

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