Page 2516 - Company News
Lupin launches generic antifungal Tavaborole Topical Solution in US market
Drug maker Lupin on Tuesday said it has launched antifungal product Tavaborole Topical Solution in the US market.
 "Lupin launches generic antifungal Tavaborole Topical Solution in US market")
India Rating downgrades Sadbhav Engineering, Sadbhav Infra over liquidity
Project execution capabilities could be impacted; delay in the monetisation of assets could add to liquidity stress
 "India Rating downgrades Sadbhav Engineering, Sadbhav Infra over liquidity")
DGH overhauls oilfield approval processes, cuts down statutory approvals
GH has made it easier for firms to explore and produce oil and gas in the country by limiting the requirement of statutory approvals to only extension of contracts
 "DGH overhauls oilfield approval processes, cuts down statutory approvals")
Serum Institute to start production of Sputnik vaccine in September
Serum Institute of India (SII) will start production of Sputnik vaccine at the company's facilities in September, Russian Direct Investment Fund (RDIF) said on Tuesday.
 "Serum Institute to start production of Sputnik vaccine in September")
CIL engages Accenture Solutions as consultant for digitisation of mines
State-run CIL on Tuesday said it has engaged Accenture Solutions as consultant for digitalisation of mine process in seven of its select opencast blocks for accelerated performance enhancement.
 "CIL engages Accenture Solutions as consultant for digitisation of mines")
Cisco appoints Daisy Chittilapilly as president of India, SAARC operations
Chittilapilly has over 25 years of experience in the technology industry, including 17 years of leadership experience at Cisco
 "Cisco appoints Daisy Chittilapilly as president of India, SAARC operations")
Arbitral tribunal rules ZCCM breached dispute resolution provisions over Vedanta mines
Vedanta and Zambia are arbitrating in London over the KCM dispute, which began when the government accused Vedanta of failing to honour licence conditions, including promised investment.
 "Arbitral tribunal rules ZCCM breached dispute resolution provisions over Vedanta mines")
Stellar Value Chain to invest Rs 200 cr in e-grocery supply chain in FY22
Stellar Value Chain plans to invest Rs 200 crore for setting up 25 fulfilment and sort centres pan-India to boost its e-grocery supply chain offerings this fiscal
 "Stellar Value Chain to invest Rs 200 cr in e-grocery supply chain in FY22")
NTPC REL to set up first green hydrogen mobility project in Ladakh
NTPC REL will set up the country's first green Hydrogen Mobility project in Ladakh
 "NTPC REL to set up first green hydrogen mobility project in Ladakh")
Mphasis granted US patent for AI-driven app, infra management solution
The newly issued patent provides a solution for enterprises worldwide to optimise their technology investments through in-depth data analysis
 "Mphasis granted US patent for AI-driven app, infra management solution")
Harsh Lodha wins Supreme Court battle, can head four Birla companies
Top court directed Calcutta HC to dispose of all outstanding appeals and cross-appeals over Lodha holding office as a director in MP Birla Group companies by next March
 "Harsh Lodha wins Supreme Court battle, can head four Birla companies")
Madhur Deora to Renu Satti, meet Paytm's key managerial personnel
According to Securities and Exchange Board of India regulations, the DRHP or offer document is required to have details about directors, promoters and key management personnel
 "Madhur Deora to Renu Satti, meet Paytm's key managerial personnel")
LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel
The government is targeting the launch of LIC's IPO in the last quarter of the financial year as it is yet to derive the embedded value of the insurer.
 "LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel")
Education platform MPOWER Financing raises $100 mn to support study abroad
The funding will fuel the company's mission to make North American education accessible to students from around the world
 "Education platform MPOWER Financing raises $100 mn to support study abroad")
Recovery timeline, subdued margins to keep DMart stock under pressure
Higher competition may lead to market share loss
 "Recovery timeline, subdued margins to keep DMart stock under pressure")
Digital payments start-up MobiKwik files for Rs 1,900-crore offering
MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday
 "Digital payments start-up MobiKwik files for Rs 1,900-crore offering")
Paytm shareholders approve Rs 12,000 cr primary fundraise at company EGM
Vijay Shekhar Sharma declassified as promoter; the company will raise Rs 2,000 cr before IPO
 "Paytm shareholders approve Rs 12,000 cr primary fundraise at company EGM")
Pandemic helped all banks in improving digital transactions: CSB Bank CEO
CVR Rajendran, managing director, and chief executive officer of CSB Bank talks to Shine Jacob about the company's digital roadmap to touch 95 per cent mark, Covid-19 loans, the status of slippages
 "Pandemic helped all banks in improving digital transactions: CSB Bank CEO")
Abbott's Korea-imported PanBio Covid-19 self test launched at Rs 325
Firm expects demand from both, institutions and retail consumers, will import kits in 4-pack sizes from Korean plant; Test linked with NAVICA app which uploads results on ICMR website
 "Abbott's Korea-imported PanBio Covid-19 self test launched at Rs 325")
Ola Electric raises $100-million long-term debt to build mega factory
The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it will be the world's largest two-wheeler factory
 "Ola Electric raises $100-million long-term debt to build mega factory")