2 tenders for pharma and surgical products supply bagged by Vaishali Pharma
Mon, Mar 8, 2021 4:12 PM

2 tenders for pharma and surgical products supply bagged by Vaishali Pharma

Vaishali Pharma on Monday confirmed the winning of two tenders for the supply of Surgical and Pharma Products to Vanuatu Islands and supply of Surgical Products to Samoa Islands. These tender orders are important steps towards laying a strong foundation and meeting the desired targets for the company. Vaishali Pharma is engaged in supply of pharmaceutical products to corporates, hospitals, stores.

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32 mining projects worth Rs 47,300 crore this fiscal approved by Coal India
Mon, Mar 8, 2021 4:05 PM

32 mining projects worth Rs 47,300 crore this fiscal approved by Coal India

Coal India Ltd (CIL) approved 32 mining projects in the current financial year till January, which may see a cumulative investment of around Rs 47,300 crore. While 24 of the 32 are an expansion of the existing projects, the rest eight are new greenfield projects. The combined incremental peak capacity of these projects is projected at 193 million tonnes per year (MT/Y).

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Maruti Suzuki's production rise to over 1.68 lakh units in February 2021
Mon, Mar 8, 2021 3:55 PM

Maruti Suzuki's production rise to over 1.68 lakh units in February 2021

Maruti Suzuki produced 168,180 vehicles in February 2021, a sharp rise from 140,933 units produced in the same month in 2020. The majority of production stood in utility vehicles (UV), vans, LCV and compact segment in the latest month. The UV segment (Gypsy, Ertiga, S-Cross, Vitara Brezza, Jimny, OEM Model) recorded production of 32,501 vehicles in February 2021 versus 21,737 of February 2020.

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Mahindra Finance appoints Amit Raje as COO (Digital Finance)
Mon, Mar 8, 2021 3:40 PM

Mahindra Finance appoints Amit Raje as COO (Digital Finance)

Mahindra Finance announced the appointment of Amit Raje as a Whole-time Director of the Company, designated as Chief Operating Officer Digital Finance - Digital Business Unit with effect from 1st April 2021. He will report to Ramesh Iyer, Vice Chairman & Managing Director, Mahindra Finance. Amit has over 20 years of experience in Corporate Finance – M&A, Private Equity and Financial Services.

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ArcelorMittal-Nippon Steel, Odisha Govt sign MoU to set-up 12MT steel plant
Mon, Mar 8, 2021 3:32 PM

ArcelorMittal-Nippon Steel, Odisha Govt sign MoU to set-up 12MT steel plant

ArcelorMittal-Nippon Steel India and Odisha Government signed an MoU for developing a 12MT integrated steel plant in Kendrapada district of Odisha with an investment of Rs50,000cr. The mega steel plant in Kendrapada will bring a new wave of economic development and employment generation to the state. The Centre has committed to providing all kind of facilities for setting up this mega steel plant.

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Embassy REIT gets NCLT nod to simplify Embassy Manyata holding structure
Mon, Mar 8, 2021 3:19 PM

Embassy REIT gets NCLT nod to simplify Embassy Manyata holding structure

Embassy Office Parks REIT bagged the National Company Law Tribunal (‘NCLT’) approval for its composite scheme of arrangement among its entities that restructures and simplifies the ownership of key portfolio assets, including Embassy Manyata and Embassy TechZone. Embassy REIT will simplify its holding structure by reducing the shareholding tiers and to create value for its Unitholders.

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Tata Motors shareholders nods hiving off PV business into new entity
Mon, Mar 8, 2021 3:05 PM

Tata Motors shareholders nods hiving off PV business into new entity

Tata Motors shareholders nodded to hiving off its passenger vehicles business into a separate entity. On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business. In terms of public institutional shareholders, total 68,86,10,054 votes were polled with all of them in favour and none against the resolution.

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GMR Infra files scheme of arrangement for demerger of Non-Airport business
Mon, Mar 8, 2021 2:57 PM

GMR Infra files scheme of arrangement for demerger of Non-Airport business

GMR Infrastructure on Monday reported that the company along with GMR Power Infra Limited ("GPIL") and GMR Power and Urban Infra Limited ("GPUIL") have filed the composite scheme involving vertical split of Non-Airport Business (Demerger) with NCLT Mumbai. With the separate listing of both the Airport and Non-Airport Businesses, GMR Infra expects to simplify the corporate holding structure.

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With BPSL takeover, JSW Steel can become no 1 steelmaker in FY21
Mon, Mar 8, 2021 2:42 PM

With BPSL takeover, JSW Steel can become no 1 steelmaker in FY21

The latest move to acquire Bhushan Power & Steel Ltd (BPSL) can lead JSW Steel to end FY21 as the largest steelmaker in India. The acquisition is also a fresh assault on Tata Steel's numero uno position. The two steelmakers have been involved in an intense race over the last few years, with both aggressively bidding for bankrupt firms that landed up in insolvency courts.

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Television set prices set to increase again from April 1
Mon, Mar 8, 2021 2:35 PM

Television set prices set to increase again from April 1

The prices of television sets are all set to rise from April 1 as all the Chinese panel manufacturers have increased rates by 30%. This comes at a time when television makers have sought that TVs be made under the Production-Linked Incentive (PLI) scheme. Currently, only segments like air conditioners, LED lights, tablets, and laptops have been made part of the PLI scheme.

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Atul Auto launches RIK CNG Autorickshaw in three fuel variants
Mon, Mar 8, 2021 2:20 PM

Atul Auto launches RIK CNG Autorickshaw in three fuel variants

Atul Auto on Monday unveiled the new RIK CNG Passenger for the Gujarat market. RIK platform was developed after extensive research keeping in mind the customer requirements both for domestic and international markets. Atul RIK will be available in three fuel variants namely CNG, LPG & Petrol. It comes with features like the International styled beige dashboard and semi-digital Instrument cluster.

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Eyeing to raise Rs 600 cr, Laxmi Organic Industries to launch IPO on Mar 15
Mon, Mar 8, 2021 2:13 PM

Eyeing to raise Rs 600 cr, Laxmi Organic Industries to launch IPO on Mar 15

Laxmi Organic Industries is set to launch its IPO for bidding on March 15. The Rs 600-crore public offer consists of a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by promoter Yellow Stone Trust. The issue will close on March 17. The issue size has been reduced to Rs 600 from Rs 800 crore after the pre-IPO placement.

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OnePlus 9 with ‘Hasselblad camera for mobile’ to be unveiled on Mar 23
Mon, Mar 8, 2021 2:05 PM

OnePlus 9 with ‘Hasselblad camera for mobile’ to be unveiled on Mar 23

OnePlus 9 series will be unveiled globally (including in India) on March 23 with a ‘revamped’ camera system that OnePlus is making in cooperation with Hasselblad. OnePlus 9 series phones—presumably the OnePlus 9 Pro—will be equipped with a ‘Hasselblad Camera for Mobile’ as part of the brand’s newly announced three-year partnership with the iconic Swedish camera maker.

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IIT Madras launches ‘Women Leading IITM’ programme
Mon, Mar 8, 2021 2:01 PM

IIT Madras launches ‘Women Leading IITM’ programme

IIT Madras introduced the ‘Women Leading IITM’ programme to boost women leadership in science and technology. The institute revealed that as part of the programme, a $2 million endowment will be raised by the end of 2021 with the support of alumni & CSR Grants from corporates. It will be used to fund projects to recruit, develop & nurture women faculty, researchers and students.

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Piramal Pharma ventures into feminine intimate care segment
Mon, Mar 8, 2021 1:17 PM

Piramal Pharma ventures into feminine intimate care segment

Piramal Pharma on Monday announced its consumer products division forayed into the feminine intimate care category. The pharma company unveiled 'i-feel Gentle Intimate Wash' which would be initially available in the West Bengal market and on all leading e-commerce platforms. Piramal said it has also roped in movie actress Yami Gautam as the brand ambassador for the product.

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