Business

At the interbank foreign exchange, the rupee opened strong at 72.85 against the dollar and lost some ground to touch 72.87 in early deals, a rise of 12 paise over its previous close.

India Accelerator launching a dedicated fund along with venture capitalists and engaging with academia to nurture innovation early

The Hyderabad-based drug major is voluntarily recalling the affected lots of the drug in 10 mg strength due to “failed impurities degradation specifications”.

It may be noted that urea forms 82 per cent of the total nitrogenous fertilisers consumed in India and it has recorded exponential increase in consumption over the years.

India had in September 2019 slashed corporate taxes for domestic companies to 22 per cent and to 15 per cent for new domestic manufacturing units.

The funds raised would be utilised for long term resources, for general corporate purposes, fund future growth, and also to reduce debt.

Ludhiana Hand Tools Association President S C Ralhan said that many of the competing countries, provide support to manufacturing units by providing steel at much reasonable prices.

The company had reported a loss of Rs 13,095.38 crore in the December quarter of 2020-21.

Government expects the fund to raise up to Rs 3 lakh crore in the next few years

The inflow comes following a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, data with depositories showed.

Agriculture activity, Niti Aayog Member (Agriculture) Ramesh Chand said, peaks in the month of March or till middle of April, after that it comes down significantly and again peaks with the arrival of monsoon.

Under STPI’s BPO Promotion Scheme, at present 247 BPO/ITES units are operational in 102 cities providing direct employment of 41,628 persons

For the second half of 2020, the Indian public cloud services market totalled $1.9 billion, according to according to IDC's ‘Worldwide Semiannual Public Cloud Services Tracker'.

The facility will be a proof-of-concept for a 100 per cent renewable energy Bitcoin mine at scale, with the economics of the build-out -- including operational costs and ROI -- made open to the public.

The latest to join the elite tech CEOs' club is Rajesh Nambiar, currently the Chairman and Managing Director of Cognizant India, who has replaced Malcolm Frank, Executive Vice President and President, Digital Business

The company this week has raised $5.2 million (about Rs 38 crore) from Khosla Ventures, Quiet Capital, W Health Ventures, Weekend Fund among other angels, said its CEO Samarth Sindhi

Company’s Hyderabad centre builds capabilities in code development, data analytics, artificial intelligence and other core areas

Originally started in 2019, NCLdoor is made with bison panel to withstand moisture, fire, termites and other elements that affect the overall life of a door.

For fiscal year 2020-21, the bank reported a net profit of Rs 828.95 crore, up 52 per cent from Rs 546.18 crore a year ago.

The company said it is also evaluating on possibility of improving the resolution plan as regards the lenders.

The total revenue of the company declined about 10 per cent to Rs 3,186 crore in 2020-21 compared to Rs 3,540.77 crore in the previous year.

The bank has also committed to reducing its specific carbon emission by 50 per cent over the next four years, it said in a release.

All the bigger banks are contributing but the stake of each will be less than 10 per cent, he explained.

Anvisa also approved a proposal to import Russia’s Sputnik V vaccine.