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Glenmark Pharma to sell 75% stake in life sciences unit for Rs 5,651.5 crore
Post divestment, Glenmark Pharma will own 7.84% of GLS. Nirma will make a mandatory open offer to all public shareholders of GLS after completion of the deal, it said.
Joblessness rate at 42 per cent among graduates under 25
“Post-Covid, the unemployment rate is lower than it was pre-Covid, for all education levels.
Companies may get 1-year to comply with Digital Personal Data Protection Act
The Digital Personal Data Protection Bill, 2023, was passed by both Houses of Parliament in the Monsoon session.
Wind Turbine manufacturers to mount pressure on PLI
Unless there is a critical volume, nobody will manufacture smaller components though we have the ability, rising imports, said DV Giri, Secretary General of IWTMA.
The Silent Wealth Builder: How FDs Harness Compound Interest
Pune: Fixed deposits (FDs) are a popular investment choice in India, offering a combination of predictability, stability, and security. But one of the most overlooked benefits of FDs is their ability to harness compound interest.…
India’s gas consumption to grow 6-7% YoY, says ICRA report
Globally, the liquefied natural gas (LNG) prices moderated in CY2023 after reaching all-time highs in CY2022, influenced by changes in demand patterns across key consuming nations.
Casio to start local manufacturing of watches in India by the end of 2023
The company is working with a local partner here, where quality evaluation is going on and expects to launch its first Made-in-India range of watches by the end of this year, said Casio India.
Sugar prices may leave a bitter taste this year
Over the past 4 to 5 weeks, the domestic sugar market has witnessed a notable rise in prices. One of the factors includes a reduction in available inventory at mills.
Welfare measures for LIC employees, agents announced
Another important change is the eligibility of reappointed agents to receive renewal commission.
REC arm RECPDCL hands over SPV ‘Beawar Transmission to Sterlite Grid 27 Ltd
New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Maharatna CPSU under the aegis of the Ministry of Power, handed over the project-specific SPV (Special Purpose…
PFC and SJVN sign MoU worth ₹ 1,18,826 Cr funds for Renewable Energy and Thermal Projects
New Delhi: PFC and SJVN Ltd. have signed an MoU for providing financial support to various projects, including massive Renewable Energy ventures (Solar, Hydro, and Pumped Storage) totaling 12,178 MW capacity, along with a 660 MW thermal…
Vodafone Idea denies report of being acquired by US co; shares fall 6 per cent
The loss-making company is not in good health, as its subscriber base is declining and debts are piling up.
Dabur’s foray into baby care, therapeutics gets green signal from analysts
The new plans include venturing into the Rs 11.4 billion Baby Care market under a new label ‘Dabur Baby’.
Erdogan, Elon Musk discuss establishing Tesla car factory in Turkiye
Erdogan, who is in the US to attend the UN General Assembly, also discussed potential cooperation between Musk's space exploration firm SpaceX and Turkiye's space programme.
Both India and UK are looking at ambitious trade deals: Government official
Both governments are trying to close some prickly issues early. These issues include rules of origin, bilateral investment treaties, and business mobility.
Markets at record high but foreign investors giving rally a miss
FIIs were pumping money into Indian equities between March and August this year and brought in R 1.74 lakh crore during the period.
Slack CEO is ready to ride AI wave
Many believe that tools such as Slack are first in line to be profoundly transformed by generative AI, which can produce texts, images and sounds on request in everyday language.
Finance ministry defends Q1 GDP numbers amid concerns over data credibility
On the issue of the discrepancy between income Vs expenditure approach, Ministry stated that real GDP growth for Q1 FY24 stood at 7.8% YoY, based on the income or production approach.
‘Kasturi’ branding for cotton
Likely to ensure quality & consistency, reduce contamination, thereby, increasing exports
12 companies hit IPO market in September; expect to raise over Rs 10,000 crore
The company is likely to announce the price band and subscriptions dates on Monday.
