Depository of News

SpiceHealth sets up mobile lab for COVID testing at Amritsar International Airport

The mobile testing laboratory will offer RT-PCR, Rapid RT-PCR and Antigen tests for all incoming and outgoing passengers from the city, the company said in a release.

Time for Tata Steel to revisit its European business divestment?

Tata Steel has named India as its main focus. Now that its European business and balance sheet are healthier, a separation could take place at more favourable terms

UPI transactions jump 70 times in 4 years, says SBI study

As many as 3.5 billion transactions worth Rs 6.3 trillion were recorded through UPI in the month of October 2021.

Time for Tata Steel to revisit its European business divestiture?

Tata Steel has named India as its main focus. Now that its European business and balance sheet are healthier, a separation could take place at more favourable terms

Review: Ola’s electric dreams on two wheels still a work in progress

The Ola electric scooter is yet to be fitted with all of its advertised features and many software updates are pending. Still, it has the potential to be a world-class product

Max Ventures to sell entire stake in packaging film business for Rs 600-650 crore; to focus on real estate

In a regulatory filing, MaxVIL, which is one of the three holding companies of the USD 4 billion Max Group, informed that the all-cash deal has been struck at an enterprise value of Rs 1,350 crore.

IBM says quantum chip could beat standard chips in two years

IBM said that its «Eagle» computing chip has 127 so-called «qubits», which can represent information in quantum form. Classical computers work using «bits» that must be either a 1 or 0, but qubits can be both a 1 and a 0 si

MC Insider: NBFC#39;s lender outsmarts peers, promoter#39;s image makeover bid, fintech firm#39;s ESOP woes, Bitcoin scam and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

MaxVIL exits packaging film business, to focus on real estate

Toppan will buy 51 percent stake in Max Speciality Films Ltd for an enterprise value of Rs 1,350 crore.

Here#39;s how SBI pension accountholders can file life certificates through video calls

SBI pension accountholders need to follow these steps to file their life certificate without needing to visit the bank branch.

ONGC sells January-loading Russian Sokol crude at 22-month high premium: Sources

The 700,000-barrel cargo was sold at a premium of about $7.50 a barrel to Dubai quotes, the highest premium since trades registered in January 2020, according to the sources and data on Refinitiv Eikon.

Petrol, diesel prices on November 15: Fuel rates unchanged for 11th straight day

The petrol and diesel prices remained unchanged in Kolkata at Rs 104.67 per litre and Rs 89.79 per litre, respectively.

Air purifier makers see a surge in sales as pollution level worsens

Like previous years, makers are looking for a silver lining as sales numbers of this seasonal product spikes after Diwali and has now touched almost Rs 500 crore market size, in which the Delhi NCR and the Northern region contributes around three-fourths of t

Fino Payments Bank reports 74% jump in July-September profit

The bank had posted a net profit of Rs 4.52 crore in the year ago same period.

Ipca Laboratories Q2 net profit declines 6% to Rs 250 crore

The company had posted a net profit of Rs 267.07 crore for the corresponding period of the previous fiscal, Ipca Laboratories said in a regulatory filing.

Specify exact dates for loan repayment for customers: RBI circular

In addition to this, the circular also mentioned that banks should specify that loans that come with a moratorium facility should specify the exact date of commencement for repayment of loans. All these mandates should be complied with by December 31, 2021. A

Clarify on exact dates of loan repayment for customers: RBI circular

In addition to this, the circular also mentioned that banks should specify that loans that come with a moratorium facility should specify the exact date of commencement for repayment of loans. All these mandates should be complied with by December 31, 2021. A

AstraZeneca says it will start profiting from its COVID-19 vaccine

To a far greater extent than the vaccines from Pfizer-BioNTech and Moderna, AstraZeneca’s vaccine has been the workhorse of the effort to vaccinate poorer countries, many of which are facing severe vaccine shortages. About 1.1 billion AstraZeneca doses h

COP26 | Who has the most historical responsibility for climate change?

Rich countries, including the United States, Canada, Japan and much of Western Europe, account for just 12% of the global population today but are responsible for 50% of all the planet-warming greenhouse gases released from fossil fuels and industry over the

International Trade Fair to begin at Delhi’s Pragati Maidan from November 14; check details here

The fair was not held in 2020 due to the COVID-19 pandemic. It was the second time in history that IITF was not organised. The first time this happened was in 1980.

International Trade Fair to begin at Delhi’s Pragati Maidan from November 14; check details

The fair was not held in 2020 due to the COVID-19 pandemic. It was the second time in history that IITF was not organised. The first time this happened was in 1980.

Elon Musk sells $6.9 billion in Tesla shares after Twitter poll

The 50-year-old South African billionaire sold more than 5.1 million Tesla shares, of which about 4.2 million were held in a trust

Restrictions put on Laxmi Cooperative Bank, Solapur; Rs 1,000 cap on withdrawals

The restrictions imposed under the Banking Regulation Act, 1949, shall remain in force for six months from the close of business on November 12, 2021, and are subject to review, the RBI said in a statement.

Moneycontrol Pro Weekender | The Bullwhip Effect 

Incremental demand is resulting in larger fluctuations at the wholesale, manufacturing and raw materials supply levels

Amara Raja Batteries#39; net profit declines 28% to Rs 144 crore in September quarter

The company had posted a consolidated net profit of Rs 201.27 crore in the same period last fiscal, Amara Raja Batteries Ltd said in a regulatory filing.

Indian economy back in action, says Piyush Goyal

Piyush Goyal said that merchandise exports during April-October this fiscal stood at $232 billion and total FDI during the first four months of this fiscal rose by 62 per cent.

Tata Consumer Products to acquire Tata SmartFoodz for Rs 395 crore

TCPL has signed a definitive agreement to acquire 100 per cent equity shares of TSFL, a deal which will help the Tata group FMCG arm to enter into the #39;Ready to Eat#39; category, said a joint statement.

Business in the Week Ahead (November 15-19, 2021)

Is inflation going to be the joker in the pack? What about India’s balance of trade? As India navigates issues affecting the economy, next week brings a set of crucial macro numbers you would do well to take note of, apart from two IPOs hitting the marke

Johnson Johnson plans to split into two companies

Johnson Johnson said in a statement it will create «two global leaders that are better positioned to deliver improved health outcomes for patients and consumers through innovation.»

Insolvency proceedings can be initiated against state-owned discoms: Power Ministry

The clarification came in reference to a case filed by Tamil Nadu Generation and Distribution Company (TANGEDCO) against ClRP (Corporate Insolvency Resolution Process) proceedings initiated by South lndia Corporation Pvt Ltd in High Court of Madras.

India#39;s smartphone shipment to decline in Q4 due to supply challenges: IDC

Smartphone shipment registered a year-on-year decline of 12 per cent in the September 2021 quarter, shipping 48 million units after four consecutive quarters of growth, IDC said.

Power sector staff, engineers to protest against electricity amendment bill on November 29: AIPEF

"On the call of the National Coordination Committee of Electricity Employees Engineers (NCCOEEE), power sector employees engineers will hold protest demonstrations on 29th November at all State capitals against Electricity (Amendment) Bill 2021,” an AI

Abbott India Q2 net profit up 6% to Rs 192 crore

The company had posted a net profit of Rs 180.73 crore in the corresponding period of the previous fiscal, Abbott India said in a regulatory filing.

Myntra appoints Nandita Sinha as CEO

Nandita Sinha succeeds Amar Nagaram, who quit Myntra last month after leading the company as the CEO for nearly three years.

Ajmera Realty Q2 profit up 48% to Rs 11.43 crore

Total income fell to Rs 100.08 crore in the second quarter of this fiscal year from Rs 109.32 crore in the corresponding period of the previous year.

Paytm IPO: Offer price fixed at Rs 2,150 apiece

With the Rs 18,300-crore share sale via Initial Public Offering (IPO), Paytm IPO has become the largest fintech IPO in the Asia Pacific region.

Rivian and Tesla have inherited Thomas Edison’s power to thrill

The celebrity inventor behind General Electric is the model for today’s technology entrepreneurs 

Japan#39;s Toshiba announces plan to split into three firms

The announcement confirms reports earlier in the week that said management was under pressure from shareholders to maximise the firm#39;s value by dividing its businesses.

Auto sales down 25% in October on chip shortage, weak demand

The fall is majorly attributed to the inabilities of companies to match demand with supplies because of crunch in availability of chips
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