Page 2733 - Company News
Active pharmaceutical ingredients sales momentum begins to normalise
With API supply, especially from China, facing some constraints because of lockdowns in several countries, demand from global clients had shot up for Indian players
 "Active pharmaceutical ingredients sales momentum begins to normalise")
Zydus Cadila's Q3 net up 41% to Rs 527 cr on strong India biz growth
US formulations business dips 4% with revenues at Rs 1,603 cr, Q3 sees Zydus file 10 additional ANDAs with US FDA, taking total filings to 410
 "Zydus Cadila's Q3 net up 41% to Rs 527 cr on strong India biz growth")
Domestic drug market growth slows top 4.5% in January, some therapies drag
Respiratory segment and anti-infectives contract; Cardiac, anti-diabetic growth rates plummet
Revoking of CVD, ADD to hurt earnings of domestic stainless steel industry
"Traders are expected to stock up cheap imports creating huge inventories in the coming months ahead of an anticipated demand boom in the sector," said an official of a large stainless steel firm
 "Revoking of CVD, ADD to hurt earnings of domestic stainless steel industry")
Real estate players rejoice as Delhi govt cuts circle rates by 20%
Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government's move.
 "Real estate players rejoice as Delhi govt cuts circle rates by 20%")
MakeMyTrip raises $200 mn through a zero per cent interest coupon bond
MMT intends to use the net proceeds for working capital and other general corporate purposes.
 "MakeMyTrip raises $200 mn through a zero per cent interest coupon bond")
Real estate players rejoice as Delhi govt cuts circle rates by 20%
Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government's move.
 "Real estate players rejoice as Delhi govt cuts circle rates by 20%")
Committed to helping FRL, don't want the company to go down: Amazon lawyer
Earlier, Future Retail Limited lawyer had argued that the retail firm may go bust and thousands may lose jobs if the Future-Reliance deal does not go through
 "Committed to helping FRL, don't want the company to go down: Amazon lawyer")
Parag Milk Foods third quarter net profit dips 59% to Rs 11.21 crore
Dairy company Parag Milk Foods on Friday reported a 59.35 per cent decline in net profit to Rs 11.21 crore for the third quarter ended December 2020
 "Parag Milk Foods third quarter net profit dips 59% to Rs 11.21 crore")
Zomato partners with govt for street food project, ropes in 300 vendors
With this, these street vendors would be able to serve customers within the safety of their own homes, service a much larger user base with Zomato's technology and last-mile delivery
 "Zomato partners with govt for street food project, ropes in 300 vendors")
O2Cure enters strategic collaboration with actor-entrepreneur Suniel Shetty
Bollywood actor and entrepreneur Suniel Shetty has entered into a strategic collaboration with air purification solutions provider O2Cure.
 "O2Cure enters strategic collaboration with actor-entrepreneur Suniel Shetty")
Strong performance by Jio, Bharti to buoy telecom growth for FY21: Fitch
The Indian telecom industry's mobile segment is expected to log EBITDA growth of at least 40 per cent in the current fiscal year, higher than 25 per cent in 2019-20
 "Strong performance by Jio, Bharti to buoy telecom growth for FY21: Fitch")
Zomato inks pact with MoHUA to onboard 300 street vendors
Zomato on Friday said it has signed an agreement with the Ministry of Housing and Urban Affairs (MoHUA) to onboard 300 food street vendors on its platform
 "Zomato inks pact with MoHUA to onboard 300 street vendors")
Alliance Air to induct Made-in-India Dornier planes for North East routes
First Indian airlines to operate these planes, signs MoU Hindustan Aeronautics to dry lease the 19-seater aircraft
 "Alliance Air to induct Made-in-India Dornier planes for North East routes")
Duty cut on steel products to exert near-term pressure in Indian cos: Icra
Decision will make imports competitive, Chinese firms may gain
 "Duty cut on steel products to exert near-term pressure in Indian cos: Icra")
Trade unions and political parties oppose privatisation of RINL
Hundreds of employees of Visakhapatnam Steel Plant on Friday took out a protest rally against the proposed divestment of RINL, the corporate entity of the steelmaker
 "Trade unions and political parties oppose privatisation of RINL")
Nayara Energy's India fuel retail outlets triple in 5 years to reach 6,000
Company aims to have 7,400 petrol pumps by 2024-end
 "Nayara Energy's India fuel retail outlets triple in 5 years to reach 6,000")
Strong performance by Jio, Bharti to buoy telecom industry for FY21: Fitch
The Indian telecom industry's mobile segment is expected to log EBITDA growth of at least 40 per cent in the current fiscal year, higher than 25 per cent in 2019-20
 "Strong performance by Jio, Bharti to buoy telecom industry for FY21: Fitch")
Tech Mahindra brings back Milind Kulkarni as CFO effective April 2
This will be Kulkarni's second stint as CFO, a position he held for five years from 2013-2018. He succeeds Manoj Bhat, who takes over as Group CFO
 "Tech Mahindra brings back Milind Kulkarni as CFO effective April 2")
Tata Boeing Aerospace to make 737 Vertical Fin Structures in Hyderabad
Boeing on Friday announced the addition of a new production line at its joint venture Tata Boeing Aerospace Limited (TBAL)
 "Tata Boeing Aerospace to make 737 Vertical Fin Structures in Hyderabad")