Page 2874 - Company News
JSPL becomes first Indian firm to develop rails for high-speed corridors
The Indian Railways has projected a requirement of 180,000 MT per annum of this high-grade 60E1 1175 Heat Treated (HT) Rails
 "JSPL becomes first Indian firm to develop rails for high-speed corridors")
Pandemic to shave off 40% operating profit of private hospitals: Report
The Crisil report released on Tuesday, however, noted that a large number of pandemic cases, which though is low-margin, will get these hospitals an additional revenue to the tune of 15-20 percent
 "Pandemic to shave off 40% operating profit of private hospitals: Report")
Dr Reddy's launches Famotidine generic product in US to treat acidity
Dr Reddy's Laboratories on Tuesday said it has launched over-the-counter (OTC) drug Famotidine tablets, used to treat gastroesophageal reflux disease, in the American market.
 "Dr Reddy's launches Famotidine generic product in US to treat acidity")
Govt working on letting Air India bidders decide on debt, says DIPAM Secy
The potential investors in Air India have given feedback that due to the uncertainty created by COVID-19 in the aviation sector the debt should not be fixed at the Expression of Interest (EoI) stage,
 "Govt working on letting Air India bidders decide on debt, says DIPAM Secy")
Alstom to train young engineers at APSSDC training centre in Sricity
Under the Andhra Pradesh government's Skill AP initiative, this programme will upskill 30 diploma holders from across the state and make them industry-ready
 "Alstom to train young engineers at APSSDC training centre in Sricity")
L&T Technology Services reports strong revenue and profit growth in Q2FY21
Revenues from digital and leading-edge technologies stood at 49% during the quarter
 "L&T Technology Services reports strong revenue and profit growth in Q2FY21")
Maruti, ORIX Auto join to unveil subscription model in Pune, Hyderabad
Maruti Suzuki Subscribe offers the customers a wide range of new cars - Swift, Dzire, Vitara Brezza and Ertiga from Maruti Suzuki ARENA and Baleno, Ciaz and XL6 from NEXA.
 "Maruti, ORIX Auto join to unveil subscription model in Pune, Hyderabad")
Tata Communications appoints Kabir Ahmed Shakir as Chief Financial Officer
Tata Communications announced the resignation of Pratibha Advani as the Chief Financial Officer
 "Tata Communications appoints Kabir Ahmed Shakir as Chief Financial Officer")
Verdict on Amazon arbitration plea over Future-RIL deal expected soon
Rajah, former Attorney General of Singapore, is expected to deliver his judgment in the next few days, the sources said
 "Verdict on Amazon arbitration plea over Future-RIL deal expected soon")
Amazon Web Services, NITI launch Frontier Technologies Cloud Innovation Centre
AWS and the NITI Aayog said they have set up a Frontier Technologies Cloud Innovation Center (CIC) that will work on addressing societal challenges around areas
 "Amazon Web Services, NITI launch Frontier Technologies Cloud Innovation Centre")
Strides Pharma Science arm gets USFDA nod for Ethacrynic Acid tablets
Drug firm Strides Pharma Science on Tuesday said its step down subsidiary has received approval from the US health regulator for Ethacrynic Acid tablets, used to treat fluid retention (edema)
 "Strides Pharma Science arm gets USFDA nod for Ethacrynic Acid tablets")
Looking to expand presence, Vestas bets on India specific wind turbines
The expansion plans of the Danish major comes at a time when India saw its lowest-ever wind power capacity addition during last fiscal year
 "Looking to expand presence, Vestas bets on India specific wind turbines")
Zydus Cadila gets USFDA nod for overactive bladder treatment drug
Drug firm Zydus Cadila on Tuesday said it has received final approval from the US health regulator to market Solifenacin Succinate tablets, used for treatment of overactive bladder
 "Zydus Cadila gets USFDA nod for overactive bladder treatment drug")
IFC to invest $75 mn in Indospace Logistics to develop industrial parks
The funding will provide Indospace with long-term finance against the backdrop of the Covid-19 pandemic to continue investing and developing select projects
 "IFC to invest $75 mn in Indospace Logistics to develop industrial parks")
L&T set to win one of the largest civil works tenders for bullet train
Not just the employment market, the production and manufacturing markets are also expected to benefit from the project.
 "L&T set to win one of the largest civil works tenders for bullet train")
Recovery eludes bus sales as schools, public transport remain shut
Sales of heavy duty and light buses reported a steep decline of 95.31 per cent and 82.48 per cent respectively in the first half of the current year over the corresponding period
 "Recovery eludes bus sales as schools, public transport remain shut")
Multiple growth catalysts falling in place for Natco Pharma: Analysts
Strong impetus to exports by a mega product launch in North America and business outside the US bode well for earnings
 "Multiple growth catalysts falling in place for Natco Pharma: Analysts")
Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income
Net interest margin stood at 2.62 per cent for the quarter as against 2.77 per cent in the year-ago quarter.
 "Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income")
Margin gains, debt reduction boost Tata Communications' September qtr
Revenue growth momentum, profitability will be key triggers
 "Margin gains, debt reduction boost Tata Communications' September qtr")
HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.
The insurer also saw a 15% rise in first year premium in Q2FY21 at Rs 1,675.15 crore, compared to Rs 1,452.72 crore in the corresponding period last year
 "HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.")