Advanced Enzyme Technologies Ltd, India’s largest food supplement enzyme manufacturer, said it has appointed an exclusive distributor for Indonesia, Malaysia, Philippines, Singapore, Thailand & Vietnam. The distribution agreement with Singapore-based Azelis covers all food enzymes and probiotics for the food & dietary supplement industry. Azelis sells chemical and food ingredients in over 50 countries across […]
State Bank of India said its central board has approved a proposal to potentially sell around 6% of its stake in its mutual fund arm via an initial public offering. “..the Executive Committee of Central Board of the Bank has accorded approval for exploring possibilities to offload 6% stake of the Bank in SBI Funds […]
Infosys Ltd, one of India’s top IT services providers, said it has agreed to acquire Singapore Telecom’s Malaysia delivery center for up to SGD 6 million or around Rs 33.3 cr. Global Enterprise International Malaysia “acts as a delivery center to provide customer experience and technology services to Singtel,” the Bangalore-based company said. The company […]
Promoters of Zee Media Corp, the company that runs Zee branded news channels, have won shareholder nod to be allocated up to 13.5 cr warrants on shares, overcoming opposition from institutional investors. It was a month ago that the company’s board decided to put before shareholders a proposal that would see promoter group, the Subhash […]
Greenlam, the country’s leader in laminates, said it decided to enter the category of plywood and particle boards by setting up new factories in Tamil Nadu and Andhra Pradesh. Plywood and particle boards are used alongside laminates — the multi-colored and shiny boards — in aluminium-based constructions in offices and commercial buildings. “Witnessing a spiral […]
Government of India has taken the first step to withdrawn the retrospective tax demands imposed on Vedanta, the mining group said in a statement. Vedanta’s former subsidiary and oil producer Cairn Energy was hit with a retrospective tax bill of Rs 10,247 cr in January 2014, or Rs 20,495 cr including penalties and interest. Cairn […]
Shriram Group today said its latest decision to bring together different units under one company will help it realize synergies and benefit each of its businesses. The merged entity will be able to offer a “comprehensive product suite, wider distribution network and increased customer touch points to prove beneficial to customers of both organizations,” the […]
Kerala Vision Broadband, the ISP arm of Kerala Cable TV Operators’ Association, has announced what is arguably the cheapest fiber broadband offer for new customers in Kerala. The highlight of the new plan is that it comes without installation and modem charges, and is therefore ideal for a new customer. The current tariff for a […]
Trident, a prominent manufacturer of bedsheets, bathrobes, comforters (razai) and paper products in India, is offering a discount of 40% to all its shareholders on all items purchased from its website. To qualify for the 40% discount, the customers/shareholders have to add items worth Rs 5,000 to their cart, upon which they’ll get a discount […]
Vodafone Idea said it achieved speeds of over 4,000 Mbps during its test deployment of 5G on the trial spectrum handed over by Department of Telecom. In comparison, in the early days of 4G, the maximum speeds achieved were in the range of around 200 Mbps. The company released two speedtest results — presumably using […]
Ikea, the Sweden-based global furniture retailer known for its frugal and efficient products, is likely to open its third mega store in India in Bangalore around April. IKEA’s India CEO Peter Bezel said the company is on track to open its first store in Bangalore in ‘early summer’, which will make Bangalore the third city […]
Asian Paints, India’s largest paint company and one of the largest listed manufacturing companies in the country, today issued a detailed and point-by-point rebuttal of proxy advisory firm InGovern. InGovern had, in a report brought out two weeks ago, alleged that Asian Paints was sourcing a considerable part of its raw material requirement from companies […]
India’s richest man and the chairman of Reliance Industries, Mukesh Ambani, has called for the use of universal obligation fund money to subsidize mobile devices. USO fund was set up during the early days of the mobile phone revolution as a tax or levy on existing phone users, to be used for extending telecom services […]
In one of the most eagerly awaited studies in recent months, South African scientists have established that Pfizer’s mRNA vaccine alone will not be of much use in preventing or neutralizing the new variant of COVID-19 virus, known as Omicron. The results also suggest that other vaccines — which too target only the spike protein […]
The Kerala circle has become the first in India to support BSNL’s commercial IPTV services, and both direct and indirect customers of BSNL can avail of the service. IPTV refers to the distribution of television content via IP or internet protocol, instead of traditional broadcasting protocols like DVB. BSNL had been testing IPTV for several […]
Biocon, one of most prominent Indian pharmaceutical companies focused on developing its own drugs and formulations, kicked off its expansion into the Middle East market with an out-licensing deal with Saudi Arabia-based Tabuk Pharmaceutical Manufacturing Co. Biocon did not list the products that are covered by the licensing deal, but said it would cover “select […]
YES Bank, the single largest shareholder of DTH company Dish TV, today said it has not been approached by Bharti Airtel for buying the stake in Dish TV. Prashant Kumar, the MD & CEO of the bank, however indicated that bank is not averse to selling its nearly 26% stake in the company for the […]
Morepen Laboratories said it expects its US export business to get a major boost now that the US FDA has given it the go-ahead to export allergy drug Allegra to that market. Fexofinadine, invented by Sanofi Aventis, is the most widely used, second generation antihistamine drug for the treatment of allergy symptoms and hay fever, […]
An interesting, observational study in the UK suggests that the overactive immune system associated with allergic diseases such as asthma and hay fever may have a positive side-effect in the form of greater protection from COVID-19 in the initial stages. The 10-month study, involving around 15,000 people, was carried out between May 2020 and February […]
India’s largest car maker Maruti Suzuki today denied that it was facing problems with demand, and said the recent slowdown in sales is because of availability of semiconductor chips. Shashank Srivastava, executive director in charge of sales and marketing, denied that the company was facing any issues liquidating its inventory, and said stocks were well […]
