Page 1341 - Company News

Timken Singapore proposes to sell 8.4% stake in Indian unit for $231 mn

By Scott Murdoch

Sun Life Financial's GCC to hire 1k people in India, Philippines in 2 years

Hiring comes at a time when GCCs in India expanding. According to the latest Nasscom-Zinnov report, India had 1,580 unique GCCs as of FY23

Indian army receives its first Mahindra Armado; all you need to know

Given its design and build, it can operate effectively in tough terrains like open fields or even in deserts

Stock broker Upstox records Rs 1,000 cr operating revenue in FY2022-23

Investment platform Upstox (RKSV Securities India Pvt Ltd) has recorded Rs 1,000 crore operating revenue during the last financial year, a top official said here on Monday.

Coal India OFS for employees to open on June 21; Govt to sell 9.2 mn shares

The government will sell up to 92.44 lakh shares or 0.15 per cent stake in Coal India to its employees at a price of Rs 226.10 a share.

Zydus Lifesciences gets USFDA nod for generic acne-treating drug

Zydus Lifesciences on Monday said it has received final approval from the US health regulator for its generic antibiotic Minocycline Hydrochloride extended-release tablets used for treatment of acne

Vendanta Group to leverage startups' tech under pact with Meity-Nasscom

Conglomerate Vendanta Group plans to leverage technologies developed by startups under a partnership with Meity-Nascomm Centre of Excellence, a joint statement said on Monday

Adani Transmission gets shareholders' nod to raise up to Rs 8,500 crore

According to the company's BSE filing, 98.64 per cent votes were polled in favour of the resolution

Reliance Industries resumes vessel operations at Sikka port in Gujarat

Several ports in Gujarat had suspended cargo operations last week due to unsafe weather conditions at sea

Pharma major Lupin gets establishment inspection report from USFDA

Lupin Limited received an inspection classification of "No Action Indicated" (NAI) after the inspection, which was conducted between March 6 to March 10

Ashiana Housing to invest Rs 275 cr to develop project for senior citizens

The development of the first phase includes the land cost of Rs 25.11 crore, construction cost of Rs 52.38 crore, and other expenditures of Rs 16.36 crore

Over 1 mn dropped from Medicaid as US start post-pandemic purge of rolls

Though the eligibility review is required by the federal government, President's Joe Biden's administration isn't too pleased at how efficiently some other states are accomplishing the task

Consumer Forum asks Raheja Developers to pay full deposit with compensation

The forum ordered that the complainant be refunded Rs 28,68,483 with 9% interest per annum from the date of deposit and along with a compensation of Rs 1 lakh and Rs 55,000 as litigation expenses

IIT Madras raises Rs 231 cr in funding from alumni, firms, donors in FY23

Donations help premier institute to build 'Centres of Excellence' and provide scholarships and fellowships

HPCL to open vehicle service centres in India with Saudi Arabia's Petromin

HPCL's co-branded service centres will be located at its select retail outlets in metros and other major cities across India

Grasim, Lubrizol to begin work on Vilayat CPVC resin plant by end of 2023

On October 30, 2020, the two companies announced the plans to launch the initial phase of the plant in 2022, but it was postponed due to the coronavirus pandemic

Chemical firm Lubrizol to invest $150 mn to build CPVC resin plant in Guj

US-based specialty chemical company Lubrizol Corporation on Monday announced investment commitments of over $150 million across several projects in its portfolio in the country

Bookings begin for Maruti Suzuki MPV Invicto at Rs 25,000; launch on July 5

This is Maruti's own version of the Toyota Innova, the best-selling premium multi-purpose vehicle (MPV) in the country

Google-backed Adda247 acquires Veeksha to give 3D experiences to students

Veeksha creates immersive 3D Mathematics and Science content for new-age learners who prefer learning on digital devices

TPG sells stake in Shriram Finance for Rs 1,400 cr, Piramal to follow suit

Shriram Finance last year became India's largest non-bank lender after merger of units