Page 1922 - Company News
Syngene International signs 10-year agreement with US-based firm Zoetis
Librela or bedinvetmab has already been launched in Europe and the UK, and has won 'Best new companion animal product' by IHS Markit Connect in 2021
 "Syngene International signs 10-year agreement with US-based firm Zoetis")
Mylab launches combined RT-PCR test for Zika, malaria, dengue
Test can differentiate between seven diseases and give results in 2 hrs
 "Mylab launches combined RT-PCR test for Zika, malaria, dengue")
Wipro Consumer Care & Lighting to enter packaged food business in India
Wipro Consumer Care & Lighting had recorded a revenue of Rs 8,634 crore for the financial year ended March 31
 "Wipro Consumer Care & Lighting to enter packaged food business in India")
Glenmark nasal spray cuts down viral load of Covid by 94% in 24 hrs
Glenmark had conducted the study on 306 vaccinated and unvaccinated adults with symptomatic mild Covid-19 disease across 20 clinical trial sites in India
 "Glenmark nasal spray cuts down viral load of Covid by 94% in 24 hrs")
Airlines cancel, reschedule London flights as Heathrow restrictions kick in
The decision will result in airlines cancelling or rescheduling their flights or moving them to an alternative airport in the UK
 "Airlines cancel, reschedule London flights as Heathrow restrictions kick in")
Consistent growth, margins in Q1 keep Mindtree ahead of larger peers
Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24
 "Consistent growth, margins in Q1 keep Mindtree ahead of larger peers")
LIC embedded value flat at Rs 5.41 trillion; VNB margin rises to 15.1%
In the past, analysts have said that LIC's balance sheet and, in turn, EV remain very sensitive to equity market movements
 "LIC embedded value flat at Rs 5.41 trillion; VNB margin rises to 15.1%")
Sebi invites applications to hire 24 officials in IT department
The recruitment drive would beef up the headcount at the Securities and Exchange Board of India (Sebi) for faster and more effective execution of its regulatory role
 "Sebi invites applications to hire 24 officials in IT department")
Indian advertising market to grow 16% in 2022, touch $11 billion: Report
In terms of size, the Indian ad market will touch $11 billion in 2022 from $9.6 billion in 2021, the report said
 "Indian advertising market to grow 16% in 2022, touch $11 billion: Report")
Uber rolls out a slew of changes after forming driver advisory council
Uber has decided to do away with the trip acceptance threshold and rolled out the unconditional upfront drop-off destination feature
 "Uber rolls out a slew of changes after forming driver advisory council")
Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag
Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult
 "Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag")
LIC's embedded value remains flat in FY22-end; VNB margin rises to 15.1%
The embedded value is a measure of the consolidated value of shareholders' interest in the life insurance business
 "LIC's embedded value remains flat in FY22-end; VNB margin rises to 15.1%")
Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion
"We are on a mission to embed sustainability into blockchain," said Pratik Gauri, chief executive officer and founder of 5ire
 "Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion")
This winter, Europe could face energy rationing, warns Shell CEO
European consumers could face the prospect of energy rationing this winter as costs continue to soar amid the risk of Russia cutting off gas supplies, Shells chief exec has said, the media reported.
 "This winter, Europe could face energy rationing, warns Shell CEO")
 "EV ride-hailing firm BluSmart close to raising $250 mn from Bp, others: CEO")
Uber driver will be able to see trip destination before accepting ride
Uber on Thursday said its drivers would be able to see the final destination of the passenger before they accept the ride as it looks to cut down on trip cancellation post-booking of the trip.
 "Uber driver will be able to see trip destination before accepting ride")
JPMorgan suspends buybacks, warns on global economy as Q2 profit slumps
JPMorgan Chase & Co reported a bigger-than-expected 28% fall in quarterly profit and suspended share buybacks on Thursday, as America's largest bank set aside more money to cover potential losses
 "JPMorgan suspends buybacks, warns on global economy as Q2 profit slumps")
NTPC co-fires 77k tonne biomass at 14 thermal power plants: Official
State-owned power giant NTPC has co-fired 77,000 tonnes of biomass till date at 14 of its thermal power plants across the country, a company official said on Thursday.
 "NTPC co-fires 77k tonne biomass at 14 thermal power plants: Official")
Marico sees better margin in H2FY23 on likely cooling of commodity prices
FMCG firm Marico expects demand and margin trends to improve towards second half of FY23 on likely easing of crude and edible oil prices in next few months, said the latest annual report
 "Marico sees better margin in H2FY23 on likely cooling of commodity prices")
Torrent Power bags Rs 2,600-cr wind energy project in Karnataka from SECI
Torrent Power has bagged a 300 MW wind energy project worth Rs 2,600 crore in Karnataka from Solar Energy Corporation of India (SECI), according to a regulatory filing
 "Torrent Power bags Rs 2,600-cr wind energy project in Karnataka from SECI")