Category: Stocks

Representational Image Radisys Corp., a wholly owned subsidiary of Reliance’s Jio Platforms, has announced the acquisition of Mimosa Networks for $ 60 million. Mimosa Networks was taken over by Airspan Networks in 2018 to deliver cost-effective networks solutions, and has a portfolio of network products based on WiFi 5 and WiFi 6E. Also Read | US FTC […]

Paritosh Kashyap, president and head for wholesale banking at Kotak Mahindra Bank, said the issues surrounding Adani Group are more of a “capital market and valuations issue and not a credit issue.” PTI March 09, 2023 / 11:50 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

The company has received an approval from the US Food & Drug Administration to market Brexpiprazole tablets in strengths of 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg and 4 mg, the drug firm said in a statement. PTI March 09, 2023 / 01:58 PM IST Alembic Pharma ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

Lenskart was founded in 2008 by Peyush Bansal, Amit Chaudhary, Neha Bansal and Sumeet Kapahi. Abu Dhabi Investment Authority is nearing a deal to acquire a stake in Indian eyewear startup Lenskart Solutions Pvt. for about $ 500 million, according to people familiar with the matter. The Middle Eastern sovereign wealth fund is finalizing an […]

Glenmark said it expects to commence distribution of the product in the US during the second half of 2023. The drug is indicated for treatment of attention deficit hyperactivity disorder. PTI March 09, 2023 / 10:18 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ […]

Sanjeev Gupta Photographer: Brendon Thorne/Bloomberg Sanjeev Gupta has taken control of assets owned by his father as he reorganizes his sprawling metals empire. Ownership of the Simec Group will be transferred to his son from Parduman Gupta as he retires near the age of 80, according to a GFG spokesperson. The business is involved in […]

A round-up of the big stories Here are the top picks from our International Women’s Day stories this afternoon: ‘Women wanting to join the real estate sector should forget they are women’ For Aditi Watve, City Lead, Capital Markets, Pune, at ANAROCK Group, brokering land deals is a cakewalk. After all, she has concluded transactions […]

Oil marketing PSU Indian Oil Corporation (IOC) is keen to develop its existing refinery in West Bengal’s Haldia into a petrochemicals complex for ‘sustaining operations profitably’, a company official said on Wednesday. Running a standalone refinery is ‘not sustainable in terms of profitability’ for which it has to be supplemented by a petrochemicals complex, he […]

Air India Air India on Wednesday said 15 per cent of its 1,825 pilots are women pilots, making it an airline with the largest number of female pilots. To mark International Women’s Day, the Tata Group-owned Air India, along with Air India Express and AirAsia India, has scheduled more than 90 all-women crew flights, and […]

Aviation Indian aviation market is “large enough to accommodate all players profitably” and irrespective of what competitors do, the airline is focused on its strategies, leading Gulf carrier Emirates has said amid Air India ramping up its fleet and operations. Emirates, which operates only wide-body A380s and B777s, flies to nine Indian cities and operates […]

Financial services firm Cholamandalam is eyeing a majority stake in housing finance company Aptus Value Housing, CNBC-TV18 has reported. The talks began after Aptus Promoter and Managing Director M Anandan failed to pick a successor in the family to run the business, CNBC-TV18 reported sources as saying. Being a former employee of Cholamandalam, Anandan was likely to […]

US Dollar Supply-chain financing platform Mintifi has raised USD 110 million in a funding round led by Premji Invest along with participation from existing investors. Existing investors — Norwest Venture Partners, Elevation Capital and the International Finance Corporation (IFC) participated in the Series D funding round. The city-based startup, which was founded in 2017, by […]

The NBFC arm of HDFC Bank in a statement said the leak happened at one service provider and it has taken steps to prevent further unauthorised access. The hacker said data was stolen between May 2022 and March 2023 and contains sensitive information (Representative image) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

“Board of Directors of POWERGRID in their meeting held on 6th March 2023, have accorded investment approvals,” a BSE filing said. PTI March 08, 2023 / 08:41 AM IST Power Grid Corporation of India ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // […]

File image of SoftBank Group CEO Masayoshi Son Masayoshi Son has invited CEOs and founders from start-ups with his SoftBank investments for a meet-up during his day-long visit to New Delhi on March 7. Son is expected to fly in by private jet at 11 am to attend Oyo founder Ritesh Agarwal’s wedding ceremony at […]

Automobile retail sales in India witnessed a double-digit year-on-year growth in February driven by robust sales across segments including passenger vehicles and two-wheelers, automobile dealers’ body FADA said on Monday. Total registrations across segments rose 16 per cent year-on-year to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022. Passenger vehicle retail […]