Corporate

MD says Bajaj Finance to dilute stake in proposed Mobikwik IPO

Informist, Friday, May 14, 2021 By T. Bijoy Idicheriah --Bajaj Finance MD: To dilute Mobikwik stake in line with promotersMUMBAI - Bajaj Finance Ltd plans to dilute a part of its shareholding in Mobikwik in the proposed initial public offering of the payments platform, its Managing Director Rajeev Jain said. "Mobikwik is looking...

SBI promotes 8 employees as deputy MD, 22 as chief general managers

Informist, Friday, May 14, 2021 --Source: SBI elevates 8 employees as deputy MD effective today    --SBI elevates 22 employees as chief general managers  --SBI's new chief general managers to take charge today By Alekh Archana  MUMBAI – The country's largest lender State Bank of India today promoted eight employees as deputy managing directors and 22 as...

INTERVIEW:Vaccines not fully potent on new COVID strains, says expert

Informist, Friday, May 14, 2021 By Adrija Chatterjee NEW DELHI - The new variants of coronavirus detected in India are not only more virulent, but also unlikely to be completely neutralised by existing vaccines, leading microbiologist Shanta Dutta says."When the vaccines were developed, they were developed against the first wave strains, so...

Adani to build island jetty for HPCL Barmer refinery's crude imports

Informist, Friday, May 14, 2021 By Sunil Raghu AHMEDABAD – Adani Ports & Special Economic Zone Ltd is to build an island jetty to handle very large crude oil carriers for HPCL's Barmer refinery, sources told Informist. "This would be the first in the maritime history of India that a shore-connected island jetty is...

NASSCOM, Indian govt in talks to airlift vaccines for IT employees

Informist, Friday, May 14, 2021 --Source: NASSCOM, Indian govt in talks to airlift vaccines--Accenture, IBM may import vaccines for Indian employees--Indian IT cos may import vaccines for employeesBy Sai IshwarbharathCHENNAI – Information technology body NASSCOM is working with multinational corporations to airlift vaccines for their Indian employees, a source aware of the development...

NMDC hikes iron ore product prices by 700-1,500 rupee/tn, source says

Informist, Wednesday, May 12, 2021 --NMDC ups prices of fines by 1,500 rupees to 6,560 rupees/tn--NMDC ups prices of lumps by 700 rupees to 7,650 rupees/tn By Narayana Krishna HYDERABAD –NMDC Ltd has hiked prices of its iron ore products by 700-1,500 rupees per tn, taking the company's prices of the commodity to...

RIL to cut greenhouse gas emissions from petcoke gasification plant

Informist, Wednesday, May 12, 2021 By Sunil Raghu and Krishnadevan Vijayaraghavan AHMEDABAD/MUMBAI – Reliance Industries Ltd is moving to reduce greenhouse gas emissions from a petcoke gasification plant located at its Jamnagar refinery in Gujarat. The conglomerate is installing a 90,000 tn-per-annum carbon dixoide recovery plant and a 4,000 tn-per-annum hydrogen gas generator at its...

Cadila Health to supply Virafin to cut oxygen stress in COVID patients

Informist, Tuesday, May 11, 2021 By Sunil Raghu --Cadila Health source: Virafin price set at 11,995 rupees/dose--Virafin single dose therapy for COVID patients--Virafin can cut oxygen support need in COVID patient--Cadila source: Started Virafin injection despatches--CONTEXT: DGCI gave emergency OK to Cadila Health for Virafin in April AHMEDABAD – Cadila Healthcare Ltd has begun supply of Virafin, its single dose injection, which...

SBI's Nair to be CEO of National Asset Reconstruction Co, source says

Informist, Tuesday, May 11, 2021 MUMBAI – State Bank of India's Padmakumar Nair, who is currently the chief general manager in charge of stressed asset group, is set to take charge as the first chief executive officer of the proposed National Asset Reconstruction Co Ltd, a source told Informist. "The interviews were conducted over...

Sun Pharma, Cipla to gain as ivermectin termed as COVID preventive

Informist, Tuesday, May 11, 2021 By Apoorva Choubey  MUMBAI – Indian drugmakers, such as Cipla Ltd and Sun Pharmaceutical Industries Ltd, stand to benefit from the expected surge in demand for ivermectin, a drug that can likely reduce the risk of contracting COVID-19. However, ramping up production of the drug quickly may turn out...


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