Page 2928 - Company News

Dr Reddy's yet to apply for clinical trials of Sputnik V Covid-19 vaccine

Sources further added that there were no plans for any emergency-use authorisation of the Sputnik V without relevant and convincing local data

Repurposing capacity for Covid-19 vaccine, say Indian pharma firms

Suresh Jadhav, executive director of the Serum Institute of India (SII), said the biotechnology company has already put in place an expansion plan for new products in the pipeline

Covid-19 impact: Media market to contract in FY21, but digital holds up

Digital advertising, says KPMG, will overtake TV advertising for the first time this fiscal, pointing to the priorities of advertisers

Japan's NTT to invest $2 bn in India to set up data centres over next 4 yrs

It will be building new campuses in neighbouring Navi Mumbai, Chennai and Noida, and also augmenting capacities at its existing facilities in the financial capital and Bengaluru

Lakshmi Vilas Bank, Clix Capital reaffirm commitment to ongoing merger

Major portion of due diligence completed; application to RBI is likely in one - two weeks

Shapoorji Pallinji defaults on Union Bank commercial paper worth Rs 200 cr

SPCPL, being in the construction and real estate sector, has been severely affected due to Coviod-19

Vodafone Idea CEO defends brand integration, says network is 5G-ready

Says it will be able to roll out 5G services after spectrum sale, is working with DoT on the issue and hopes to receive spectrum for trials soon

Ensure international roaming service is inactive by default: Trai to telcos

TRAI also outlined a slew of informational measures and disclosures that are required to be made by service providers upfront, to safeguard consumers from bill shocks due to usage of such services

Oberoi Group, Mandarin Oriental in strategic tie-up to expand global reach

The alliance will provide guests of both groups a wider choice of sought-after destinations across the globe, along with greater depth in India

Amazon India creates over 100,000 seasonal jobs ahead of festive season

The new seasonal positions will help elevate its delivery experience and boost the company's fulfilment and delivery capabilities, Amazon India said.

In a setback to ONGC, OIL, prices of domestic natural gas slashed by 25%

The government has also reduced the ceiling price for gas produced from deepwater, ultra-deepwater and high pressure, and high-temperature areas by 28 per cent to $4.06 per mmBtu

Ban cigarette breaks, encourage cycling: Govt's Covid-19 advisory to firms

Document calls for structural modification in workplaces, installation of physical barriers such as clear glass.

M&M raises Rs 1.11 crore by auctioning new Thar for Covid-19 relief work

Domestic auto major Mahindra & Mahindra said it has raised Rs 1.11 crore from online auctioning of the first unit of all-new version of SUV Thar, which is set to be launched on October 2

PSEs back to 90% of their production capacity: Prakash Javadekar

Central PSEs have got back to 90 per cent of their production capacity, Union Minister Prakash Javadekar said, while releasing a compendium on the contribution of the PSEs amidst Covid-19

Mazagon IPO subscribed 7.5 times; UTI AMC mops up 80% on second day

Likhitha Infrastructure's Rs 61-crore IPO garnered nearly three times subscription. All the three IPOs close on Wednesday

Arvind Lifestyle, Gap mutually end franchise biz relationship in India

Arvind Lifestyle Brands Ltd, a wholly-owned subsidiary of Arvind Fashions Ltd (AFL), and Gap Inc have decided to mutually terminate their franchise business relationship in India.

Public App raises $35 mn from Lee Fixel's Addition, SIG Global and Tanglin

Investment also marks the return of Lee Fixel for backing Indian startups. He has gained a reputation as a top tech investor and is helping Tiger Global back firms such as Facebook, Spotify and Uber

Media, entertainment biz to reach Rs 1,86,600 cr revenue in FY22: Report

The media and entertainment sector, which was badly hit by Covid-19, is expected to touch a revenue of Rs 1,86,600 crore in FY22, due to acceleration of digital adoption among users across geographies

Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next

How did a profitable bank founded 94 years ago to serve small businesses became a headless institution? Listen to the podcast to know more

Uptick in demand to buy, rent homes in smaller cities post Covid-19: Report

The demand for residential properties for buying and renting is rising in tier-2 and -3 cities after the outbreak of Covid, driven by reverse migration of large number of workforce to smaller towns