Page 3440 - Company News

Biocon and Mylan launch Trastuzumab biosimilar Ogivri in US market

Ogivri will be launched at a competitive discount for customers to help ensure access and increase treatment options for patients

Telcos garner Rs 54,218 cr gross revenue in July-Sept, Airtel earns most

Reliance Jio with lowest gross revenue of Rs 15,945.62 crore among private operators paid highest revenue to the government, the data showed

Chanda Kochhar's termination as CEO-MD as per law: ICICI Bank to HC

Kochhar had moved the Bombay High Court challenging ICICI Bank's decision to terminate her despite the bank having approved her request for early retirement

$14 bn loans to builders under severe stress, may result in default: Report

"Over 62% or about $58 billion of the total loan advances ($93 billion) to Indian real estate by banks and NBFCs/HFCs is currently completely stress-free," Anarock said in a statement

IFC to invest $200 mn in Mahindra Finance to fund MSMEs in poor states

At least $100 million will be earmarked for women-owned micro, small and medium enterprises

Ashok Leyland M&HCV sales decline 55% in November; bus sales up 196%

The company's total sales dropped to 5,321 units in November 2019, from 8,260 units a year earlier

Tata Motors bags orders for over 2,300 buses from various state govts

The orders are from state transport undertakings (STUs) of Rajasthan, Karnataka, Uttar Pradesh, Tamil Nadu and Andhra Pradesh, Tata Motors said in a statement

Coal India production gradually recovers, offtake higher in November

Coal India Limited production for November was at 50.02 million tonnes, an absolute increase of 10.67 million tonnes compared to that in the previous month of October

Surge in telecom stock over tariff hikes, Rs 33k cr added in m-cap

Over 146 crore shares of Vodafone Idea were traded on the NSE and more than 11 crore on the BSE

60 complaints against FSNL's MD including caste-based discrimination

In a separate reply, Pradhan said the complaints received by the government are forwarded for examination and comments of chief vigilance officer of FSNL

Syngene appoints former Vodafone executive Sibaji Biswas as its CFO

Biswas will succeed incumbent CFO M B Chinappa, who will stay within the Biocon group of companies and join Biocon Biologics in a new role

Blackstone's India mortgage lender may get out of small-builder business

The RBI seized control of Dewan Housing on Wednesday, stepping up efforts to contain the economic fallout from the nation's shadow banking crisis

Govt earmarks Rs 937 cr for exploration of non-CIL blocks in FY'20

Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha

Virtues and veracity of the second life

Virtues and veracity of the second life

90% Karvy investors get back their securities due to prompt Sebi action

Of the 95,000 clients, nearly 83,000 of them have got back their securities, which were illegally transferred by the KSBL to its own account

Warehousing sector gets Rs 25K-cr in investment since 2017; inflows to grow

The industrial and warehousing sector in India has attracted significant investor interest since 2017 led by robust demand from e-commerce and other consumer-led occupiers

Sun Pharma gets partial relief from US court in litigation on generic drugs

Shares of the company on Monday ended 2.18 per cent lower at Rs 440 apiece on the BSE

Uber sets up new centre of excellence in Visakhapatnam, to hire 500 people

The US-based company which is locked in an intense battle with Bengaluru-headquartered Ola for market leadership in India already operates a CoE in Hyderabad

Govt to set up NCLAT bench in Chennai to cut down on backlog: Minister

It has also set up five new benches of NCLT during 2018-2019 at Jaipur, Cuttack, Kochi, Indore and Amaravati, with this aim

OYO elevates its India & South Asia CEO Aditya Ghosh to board of directors

Rohit Kapoor, currently CEO of the new real estate businesses of the company, has been appointed as CEO (India & South Asia) for OYO Hotels & Homes, it added