Page 2065 - Company News

Ruchi Soya to change the name of the company to Patanjali Foods

The board of Ruchi Soya also accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with Patanjali Ayurved Ltd's food portfolio on an arm's-length basis

Glenmark to conduct clinical trials of its molecule on cancer patients

Glenmark Pharmaceuticals on Monday said its unit has received approval from the DCGI to conduct phase 1 clinical trials of its novel molecule on patients with advanced solid tumors.

Meta to stop people from sharing private residential info of other users

Meta (formerly Facebook) is ending an exception to its existing rules that allowed users to post private residential information of people on its platforms if it was "publicly available" elsewhere.

Medfin raises $15mn in series B funding; plans to expand in 25 cities

Medfin, plans to complete 100,000 surgeries by the end of 2022

Bezos agrees with Musk to convert Twitter HQ into homeless shelter

Amazon founder Jeff Bezos on Monday agreed with Tesla and SpaceX CEO Elon Musk to convert Twitter's San Francisco headquarters in the US into a homeless shelter.

Reliance Capital debt resolution may be delayed over subsidiaries

Options of settling the finances of eight units of Reliance Capital that are financially sound leads to disagreement between bidders and administrator.

Big boost to India after Apple confirms manufacturing top-selling iPhone 13

In a major fillip to India's dream to become a global manufacturing hub, Apple on Monday confirmed it has started manufacturing its top-selling iPhone 13 smartphone in India.

Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon

Business Standard brings you the top headlines this morning

Share of home-grown auto firms rises to a 3-year high in PV market

Tata Motors leads with a sharp jump in volume and market share

Coinbase halts UPI payments for crypto within three days of India launch

The company, however, declined to comment on the matter

JSPL plans to set up India's second coal gasification plant at Raigarh

The company is already using the coal gasification technology to produce steel at its plant in Angul, Odisha

Vedanta to move towards green steel; working on solution for hydrogen use

Vedanta's Sesa Goa Iron Ore Business said it is looking for a tie-up with IIT-Bombay to carry out a research for manufacturing pig iron ore using hydrogen in place of coke.

For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1: Report

Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report

Private equity-backed warehousing companies on a leasing spree

India saw leasing transactions to the tune of 35 million sqft in FY22

Amazon's apps witness nearly 500 mn cumulative downloads in India

Amazon counts Walmart-owned Flipkart, Reliance's JioMart and Tata among its rivals to tap the booming e-commerce market, which is expected to reach $350 billion by 2030 from $45-50 billion now

Sobha's FY22 sales bookings up 23% to Rs 3,870 cr on better housing demand

According to a quarterly operational update, the company's sales bookings in volume terms increased by 22% to 49,09,567 sq ft during the last fiscal from 40,13,581 sq ft in the 2021-22 fiscal year

SII to give free Covishield vials to pvt vaccination centres: Here's why

Vaccine majors SII and Bharat Biotech said they have decided to cut prices of precaution dose of their respective Covid-19 vaccines to Rs 225 per shot for private hospitals after discussion with govt

India among top priority markets: Swedish beauty brand Oriflame

The company which sells cosmetic and wellness products in India also expects a double-digit growth in its sales force, adding more direct sellers in the coming years.

Shell to set up LNG stations, bullish on gas market in India

Shell operates a 5 million tonnes a year liquefied natural gas (LNG) import facility at Hazira in Gujarat and has a small network of petrol pumps.

BMW eyes 'mega year' in India post Q1 show; to launch 24 products

In the January-March period, the BMW group had posted one of its best quarters in India with a 25.3 per cent jump in four-wheeler sales at 2,815 units.