Business

Reliance board of directors approved a preferential issue of up to 59.5 cr equity shares and up to 73 cr warrants convertible into equivalent number of its equity shares, at an issue price of Rs 10 each by conversion of debt to listed promoter firm Reliance Infrastructure Ltd

As the company enters India, Dilip Goswami, Co-founder, President and CTO of Molekule, said that its research team has entered into partnerships with India's top research institutes.

Worldwide server shipments grew 8.3 per cent (on-year) to nearly 2.8 million units in the first quarter, according to the IDC.

The Covid DawaKhana initiative with the theme Stop Third Wave is aimed at creating awareness among the masses to tackle Covid amid talks of a possible third wave, said TITA Global President Sundeep Kumar Makthala.

Children, teenagers, and young adults are listening to many hours of music daily at volumes exceeding the globally recommended public health limit of 70 decibels of average leisure noise exposure for a day for a year.

While the MILK (Micromax, Intex, Lava and Karbonn) brands are performing good in the feature phone space, they have been decimated in the smartphone segment by the likes of Xiaomi, realme, Vivo, OPPO and others.

Skoda Auto India is targeting to sell at least 60,000 units next year as it brings new products, including those under Volkswagen group's India 2.0 project.

In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.

According to the partial data released on Friday by the NSO, the IIP (general index) stood at 126.6 points in April this year.

The country also needs to "grow the technology and leapfrog along with it", Amitabh Kant said, adding that the Union government is working in this direction.

CAIT declared that traders across the country will observe forthcoming week beginning 14th June to 21st June as "E-Commerce purification week".

The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.

To develop micro-sampling method and point-of-care diagnostics for faster test turnaround

It also provides details of the person infected by Covid in the vicinity, provides contact tracing, detects cough and inform the users of Covid infection five days prior to its onset.

Hyderabad firm stated that the data from efficacy and safety follow-up of Covaxin’s phase III trial is being analysed and compiled, and it will soon make the data from the final analysis public

Tax on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and high flow nasal cannula (HFNC) devices has been cut to 5 per cent from 12 per cent.

The company discovered the data breach after hiring consultants to "investigate unauthorised activity on an internal security system," the Wall Street Journal reported, quoting McDonald's.

The company passed through rigorous validation and is now geared up to serve businesses across 25 countries and 52 locations worldwide

Finance Minister Hong Nam-ki said the country plans to create a 500-billion won ($448 million) fund to support research and development and facility investment in the next-generation vehicle sector.

The ratings agency opined that the 47.8 per cent YoY growth in India's pharmaceutical market (IPM) during May 2021 was led by a low base effect.

Other plans with the validity of 30 days, 60 days, 90 days and 365 days have also been introduced. Jio Freedom plans will bring more options for digital life, the company said in a statement.

The benchmark Brent crude is currently close to $74 on the ICE or Intercontinental Exchange .

‘Population: One' has been a runaway hit, earning more than $10 million on the Oculus Store "after just a few months".

The SPV is formed by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and National Industrial Corridor Development and Implementation Trust (NICDIT), a statement from APIIC's chief engineer's office said on Friday.