Gireesh Babu

Tube Investments to focus on other businesses to reduce exposure to auto

Growth in these businesses will have to come from both organic and inorganic means over next 3-5 years, says firm's MD Vellayan Subbiah

Apollo Hospitals to rope in partner for photon therapy cancer centre

Equity infusion peged at Rs 350 crore; total capex of Rs 1,000 crore; entire business to be transferred to SPV

IITs consider shifting classes online after Bombay makes first move

Some in fact, have already moved at least few courses online

India's aerospace start-ups eye rocket launches and planetary missions

Private firms being allowed to build facilities and work within Isro's premises will throw big opportunities for country's aerospace startups

Startups have already shown interest in In-SPACe, says Isro Chairman

Private firms are allowed activities in launch vehicles, satellites, space faring services and in ground operations for system readiness. The startups have shown interest in all the four areas

South Indian Bank posts Q4 loss of Rs 190 cr, income grows to Rs 2,342 cr

The bank made a one time provisioning of Rs 255 crore on some large value non performing assets (NPA) it sold to an asset reconstruction company in 2017

Fair solution to rate transmission in the works: FM Nirmala Sitharaman

The finance minister told the industry it needed to introspect on how businesses are run and on Aatmanirbhar Bharat, for India to realise the full potential.

Indian Overaseas Bank back in black with pre-tax profit of Rs 83 crore

With this, the bank has met the final parameter to come out from the Reserve Bank of India's Prompt Corrective Action (PCA) framework, which was imposed in 2015.

Govt in talks with RBI over one-time restructuring of loans: Sitharaman

The government will consider extending the Rs 3 trillion in emergency line of credit to include individual proprietors

Apollo Hospital reports PBT of Rs 263.64 cr in Q4, revenues grew 19%

Prathap C Reddy, Chairman, Apollo Hospitals said,2020-21 would be challenging due to the effect of the Covid-19 pandemic.

Tamil Nadu govt bans air travel, car purchase by officials in economy drive

It has also disallowed the purchase of computers and accessories, cut down on traveling and daily allowances, as it takes on the impact of Covid-19 on its revenues

Everstone-backed firm CPC Diagnostics launches Covid-19 antibody tests

Depending on the analyser model, a lab can report up to 2,000 results a day on a single instrument, with flexibility for facilities to add further modules to ramp up output substantially

Isro receives patent for highland soil simulant for future lunar missions

The simulant can be used to control the mobility of the rover for scientific exploration and for the study of geo-technical or mechanical properties of lunar soil

Imposing pointless conditions on loans will stifle States: Tamil Nadu CM

Palaniswami was referring to conditions put forward by Centre to raise borrowing limits from 3% to 5% of GSDP for this financial year

Tamil Nadu's MSMEs want measures similar to those offered by other states

Demand raising working hours to 12 a day, leeway to units to work out the number of hands required, choice to migrants between a ticket back home and Rs 5,000 for staying behind

Tamil Nadu forms high level committee to assess Covid-19 impact on economy

The committee shall submit its final reports to the government within three months time and also submit an interim report

NCLT orders insolvency procedure for Eason Reyrolle on SBI, Canara plea

The banks together claimed over Rs 230 crore from the company, along with interest and other charges

Tamil Nadu records 526 new Covid-19 cases, total infections at 6,535

Four deaths reported today including three in Chennai, total fatalities reach 44

Tamil Nadu CM asks PM to keep Electricity Amendment Bill on hold till talks

Proposed Bill takes away certain powers of the State government, and seeks to bring in changes in the existing Electricity Act that would make power utilities in the public sector totally unviable

HC orders closure of Liquor shops in Tamil Nadu, allows online sales

The opening of shops in districts, except Chennai on May 7, has resulted in people thronging the outlets without maintaining social distancing norms