Adampur Airport's new terminal building to be ready by mid-2021, Airports Authority of India said on Friday. The airport comes with a total built-up area of 6,000 square metre and canopy area of 1,920 square metre. it has been designed to process 300 passengers during peak hours. 40% work of the project has already been completed, and the remaining part will be ready by the middle of 2021.

Cochin Shipyard Limited (CSL) built two Marine Ambulances named ‘Prathyasa’ and ‘Karunya’ for the Department of Fisheries, Govt. of Kerala. The first vessel of the series was handed over to the Government in August 2020. The boats are of high quality and fuel-efficiency and can accommodate two patients, two paramedical staff and nine operating crew.

Tata Steel's European works council on Friday announced it expected the separation of Tata Steel's Dutch and British operations to continue, despite Swedish steelmaker SSAB's decision to halt talks over the potential acquisition of Tata's Dutch steel mill. In a regulatory filing, Tata Steel confirmed that SSAB has withdrawn its initial interest in Tata Steel Netherland business.

FMCG and Ayurvedic products manufacturer Dabur India on Friday announced a 24% rise in consolidated net profit at Rs 494 crore for the quarter ending 31 December, 2020. The figure was Rs 399 crore in the year-ago period. Consolidated revenue from operations increased 16% to Rs 2,729 crore from Rs 2,353 crore in December 2019.

Bitcoin climbed as much as 14% on Friday after famous tech entrepreneur and Tesla CEO Elon Musk wrote simply '#bitcoin' in his biography on the social media site with no further explanation. The largest cryptocurrency touched its highest value in the past 10 days by rallying above $36,000. Brokers are attributing this upward trend to Elon Musk tagging the cryptocurrency in his Twitter biography.

Sun Pharma declares interim dividend of ₹5.50 per share as a token of thanks to investors. The pharmaceutical company on Friday announced its Q3 results. It has successfully doubled its consolidated net profit at ₹1,853 crore for the quarter ending 31 December, 2020. The figure was ₹914 crore during the same period in the previous year.

LT Foods Ltd on Friday announced a 44% jump in its consolidated net profit to Rs 69.23 crore for the quarter ended December 31, on higher income. Its net profit had stood at Rs 48.18 crore in the year-ago period. Total income rose to Rs 1,084.74 crore in the Q3 December 2020, from Rs 997.60 crore in the corresponding period of the previous year.

Prince Pipes and Fittings Limited (PPFL) on Friday started operation in its seventh manufacturing facility in Sangareddy, Telangana. With this latest addition, PPFL expands its pan-India manufacturing presence, makes greater in-roads into the Southern region and strengthens its position as a leading manufacturer of high-quality plastic pipes and fittings.

Cilicant has launched its third production plant to keep pace with the demands of the healthcare industry. The new Pune plant is employing over 150 staff in its active packaging operation. It is established to support the increasing demand by its clients involved in the supply of pharmaceutical and medical devices during and post the pandemic.

Mahindra and Mahindra Financial Services (Mahindra Finance) on Friday announced the appointment of Anish Shah as the chairman of the board, effective April 2, 2021. Anish Shah is already the deputy managing director and group CFO of Mahindra and Mahindra (M&M) Ltd. Shah has taken over from Dhananjay Mungale, who will continue to be an independent director on the board of Mahindra Finance.

ArcelorMittal Nippon Steel India (AM/NS India) on Friday signed a deal with POSCO Maharashtra Steel, under which the former will supply hot rolled coils (HRC) worth Rs 5,000 crore in 2021. AM/NS India and POSCO Maharashtra Steel will also jointly work to enhance the quality of current grades and develop new value-added grades to provide the best quality and state-of-the-art steel products.

Adani Ports successfully priced a $500M 10 years bullet senior unsecured USD note issuance at a fixed coupon of 3.10%. It was the 2ndissuance for APSEZ and third for the port vertical company in the current financial year with total issuance amounting to over $1.50B. This issuance is part of our capital management program to extend debt maturity and refinance debt well in advance of maturity.

Indian Oil Corp announced flat 0.57% growth in gross revenues for the Q3-2020 on a consolidated basis at Rs1,47,810cr. The sale of petroleum products that accounted for a bulk of the revenues was almost flat while the petchem segment showed a sharp growth on a YoY basis. The consolidated profit after tax (PAT) for the Dec-20 quarter was up 52.22% at Rs4,1026cr.

Tata Motors has announced the first anniversary celebrations of its popular electric SUV, the Tata Nexon EV. The Nexon EV has consistently grown in popularity to become India’s highest-selling electric vehicle, commanding a market share of 64% (YTD FY21). The EV is admired by many thanks to its zero-emission technology, accessibility, low operating costs, and performance.

GGV Capital, the US-based venture capital firm raised $2.52 Bn worth capital commitments across four of its funds to invest across various stages. GGV counts Indian startups Udaan and Khatabook in its portfolio. The firm’s GGV Capital VIII fund has received $1.5 Bn and will invest in startups across all stages. The venture capital firm mostly invests in companies based in the US and China.