Corporate

Gland Pharma to repurpose vaccine unit for biologics contract mfg

Informist, Monday, May 23, 2022 By Narayana Krishna HYDERABAD - As the COVID-19 portfolio is no longer seen as an attractive proposition, Gland Pharma Ltd has put on hold its plans to manufacture Sputnik vaccine and is exploring the possibility of using its newly created infrastructure to make biologic drugs for others, a...

Gujarat State Petro commissions 1,380-km pipeline after 7-year delay

Informist, Monday, May 23, 2022 By Sunil RaghuAHMEDABAD - After a delay of nearly seven years, Gujarat State Petronet Ltd started commercial operations of its 1,380-km Mehsana-Bhatinda gas pipeline late last week, sources told Informist. Bharat Petroleum Corp Ltd, which is the first customer, started receiving gas for its city gas distribution network in...

Indian Hotels eyes 800-bps margin increase on better demand, prudence

Informist, Monday, May 23, 2022 By Apoorva Choubey  MUMBAI – Indian Hotels Co Ltd is banking on expanding its operating profit margin by a whopping 8 percentage points over the next four years, eyeing increasing room rates, more hotel management contracts, and more prudent capital spending. The company, which saw its operating margin...

Tech Mahindra says no severe reaction from clients on macro-econ woes

Informist, Friday, May 20, 2022 By Vivek Kumar and Sreejiraj Eluvangal MUMBAI – Concern in the market over the impact of macroeconomic factors such as high inflation and rising interest rates are exaggerated, said Tech Mahindra Ltd, adding that such reactions do not reflect in actual client commentaries. Speaking to Informist in an exclusive...

FOCUS: Patanjali's brand, infra to supercharge Ruchi Soya's operations

Informist, Friday, May 20, 2022 By Avishek RakshitKOLKATA – Patanjali Ayurved Ltd's handover of the foods business to subsidiary Ruchi Soya Industries Ltd signals both a retreat to its core portfolios of health and personal care, as well as preparations for the next level of growth for the group's foods business. Under...

Open to rope in partner for BOB Financial, says Bank of Baroda MD

Informist, Thursday, May 19, 2022 --Bank of Baroda MD: Open to rope in partner for cards arm BOB Financial--Can directly meet capital needs for BOB Financial--Want distribution expertise from partner in BOB Financial--To recruit 500 wealth managers By Ajay Ramanathan and T. Bijoy Idicheriah MUMBAI – Bank of Baroda is open to bring in a...

Bk of Baroda MD says to explore options on Nainital Bk stake in a qtr

Informist, Thursday, May 19, 2022 --Bank of Baroda MD: Time is right to evaluate options on Nainital Bk --Bk of Baroda MD: To chart course of action on Nainital Bank in a qtr By Ajay Ramanathan and T. Bijoy Idicheriah  MUMBAI - Bank of Baroda is set to evaluate options with regard to its 98.57% stake in...

Creditors' panel for Birla Tyres insolvency process to be set up Jun

Informist, Tuesday, May 17, 2022 --Sources: Birla Tyres' committee of creditors to be in place by June--Promoters of Birla Tyres may seek stay on NCLT order By Avishek Rakshit KOLKATA – A committee of creditors which will decide on the future course of insolvency proceedings against Birla Tyres Ltd is likely to be...

Sachin Bansal optimistic on banking licence despite RBI's rejection

Informist, Tuesday, May 17, 2022 MUMBAI – Minutes after the Reserve Bank of India rejected the on-tap banking licence application of Flipkart founder Sachin Bansal's Chaitanya India Fin Credit Private Ltd, a microfinance company of Navi Technologies, Bansal sounded optimistic of revaluation and said "it is not the end of the road". "We are going to evaluate the...

Polycab eyeing acquisitions to expand in non-core segments, says CFO

Informist, Monday, May 16, 2022 --Polycab CFO: Co eyeing inorganic growth in some product segments--May buy cos in segments where co's penetration is low--May look to buy small cos with strong regional presence--Eyeing inorganic growth in extra high voltage cables space--Eyeing inorganic growth in smart home devices segment By Kiran Murali and Jatin...


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