The confusion over the alleged freezing of the demat accounts of three big Mauritius-based investors in Adani group companies edged closer to being resolved, with National Securities Depository Ltd clarifying that the three accounts were frozen five years ago by a SEBI order. Adani Group divulged a clarification it received from NSDL, the agency which […]
Adani Transmission, a part of the diversified Adani Group, disputed a report by financial newspaper Economic Times that said that NDSL had frozen the share accounts of three foreign investors who held nearly Rs 43,500 cr worth of stock in various Adani group companies. Economic Times had carried the news quoting an update published by […]
Lupin Ltd, one of the world’s largest generic drug makers, today said it received a warning letter from the US Food and Drug Administration relating to its US-based manufacturing plant located in Somerset, New Jersey. “We wish to inform you that the Company has received a warning letter from the US FDA for the company’s […]
Baba Kalyani, chairman and managing director of India’s largest forging and metal components manufacturer Bharat Forge, today expressed the opinion that the current economic setback on account of the second wave of COVID-19 is of a temporary nature. “The lock down in India to curtail the spread of Covid has clearly had an impact on […]
PVR, India’s No.1 film exhibitor, said it has put on hold all construction and other capital expenditure related to new projects and screens, and issued a profit warning for the current quarter on account of the ongoing COVID-19 pandemic. “The Company opened 13 new screens in FY’21 which were already under fit-out prior to lockdown. […]
Bharti Airtel said its Africa unit, Airtel Africa, has sold around 1,400 telecom towers in Tanzania to a joint venture company of SBA Communications Corp and Paradigm Infrastructure Ltd for $175 mn, or around Rs 1,280 cr. SBA Communications Corp is a leading global independent owner and operator of wireless communications infrastructure, while Paradigm is […]
Mumbai-based pharmaceuticals manufacturer Wockhardt officially confirmed that it is indeed in negotiations with multiple companies to explore the option of manufacturing their COVID-19 vaccines. The confirmation comes in the wake of recent media reports quoting government sources that the company had suggested to the government that it can divert some of its manufacturing capacities for […]
Delhi Police today said it only wanted to ask Twitter for any information the company had about the so-called manipulation of a ‘toolkit’ that was allegedly prepared by the main opposition party, Indian National Congress. It also accused Twitter of refusing to hand over “material evidence” about manipulation of the photographs contained in some BJP […]
ICICI Bank’s Pockets wallet has become the first financial institution in India to be permitted to offer UPI IDs in its own name and make transactions directly without routing it via a bank account. So far, UPI IDs were reserved only for those who have an account with any recognized Indian bank, including co-operative banks. […]
Inox Leisure, one of India’s top cinema chains, said it plans to add 8,850 seats across 11 new properties to its multiplex chain in the ongoing financial year, taking the total seats to 1.56 lakh by March. These 11 new properties would bump its screen count by 49 to 692. Out of the 49 new […]
Less than a month after it approved for clinical trial approval, Hyderabad-based Natco Pharma said it has begun dosing patients in its phase III clinical trial for molnupiravir, a promising candidate for treating COVID-19 that is being studied across the world. Phase III trial data can be submitted to regulatory agencies for seeking approval of […]
Zee Entertainment Enterprises Ltd, the country’s largest home-grown television and broadcasting company, reported a modest year-on-year improvement in its advertising and subscription revenue, but also saw the usual sequential decline when compared to the preceding, holiday quarter. The company’s results have become more difficult to compare due to the fact that the seasonally strong third […]
Left Democratic Front has announced the portfolios of all of its 21 ministers including that of K Radhakrishnan, a Dalit leader who has been put in charge of the Devaswom (temple affairs) ministry. This is the first time in more than half a century that a member of a Dalit community has been put in […]
Bharti Airtel reported yet another strong quarter of financial and operational performance as it continued to benefit from increased demand for connectivity in the wake of the COVID-19 pandemic that has constrained face-to-face meetings. In an effort to tap demand for high-speed services, the number of cities in which the company is offering its wired […]
A week after Natco Pharma sought a compulsory license from government of India to manufacture COVID treatment drug Baricitinib, the US firm holding the rights to the drug — Eli Lilly — seems to have agreed to let several companies to manufacture and sell the drug. Baricitinib is used for treating joint inflammation in rheumatoid […]
Bharti Airtel’s new strategy of tying up with cable operators has helped the company significantly speed up subscriber acquisitions in its wired broadband business and narrow the gap with Reliance Jio, which continues to be India’s fastest growing provider. Since introducing a new, collaborative model of joint roll-out with cable operators, Bharti Airtel’s monthly wired […]
The Maharashtra state unit of BJP has put the blame for the adverse judgment by the Supreme Court in the Maratha Reservation case squarely at the feet of the state government. Earlier today, a Supreme Court bench comprising justices Ashok Bhushan, L Nageswara Rao, S Abdul Nazeer, Hemant Gupta and S Ravindra Bhat today stuck […]
Keralites overwhelmingly voted to retain the government of Pinarayi Vijayan in Kerala, breaking from a nearly half-a-century-old tradition of swapping the party in power every five years. Several factors have helped ensure a second term for Vijayan, but perhaps the most crucial has been the decisive and efficacious leadership shown by the politician during the […]
Faced with a supply squeeze for COVID-19 vaccines, the Kerala government has virtually stopped taking new registration COVID-19 vaccinations on the Cowin website, and is reserving most of the stocks for providing the second dose to those who have already taken the first. The state has been forced to more or less abandon the central-government’s […]
Initial trends from exit polls suggest that the Trinamool Congress will retain West Bengal with around 165-170 seats, while the BJP will be just over the 100 seat mark. The first two results are from P-MARQ and ETG Research. Other results are expected to come out in the next few minutes for state assembly elections […]
