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Miscellaneous

DMart Q1 profit tumbles 88 pc to Rs 40 crore

Mumbai (Maharashtra) [India], July 11 (ANI): Avenue Supermarts Ltd, which owns and operates DMart stores across the country, on Saturday reported 87.61 per cent year-on-year fall in its consolidated net profit at Rs 40 crore for the April to June quarter.

DMart Q1 profit tumbles 88 pc to Rs 40 crore

Shriram EPC to raise Rs 250 crore from Markab Capital

Chennai (Tamil Nadu) [India], July 11 (ANI): Engineering services provider Shriram EPC is raising Rs 250 crore from Markab Capital, a Middle East focused multi-family office and merchant bank.

Biocon's drug Itolizumab gets DCGI nod for use in moderate to severe Covid-19 patients

Bengaluru (Karnataka) [India], July 11 (ANI): Biopharmaceutical major Biocon Ltd said on Saturday it has received approval from the Drugs Controller General of India (DCGI) to market Itolizumab injection 25mg/5ml solution for emergency use in India for the treatment of cytokine release syndrome (CRS) in moderate to severe ARDS (acute respiratory distress syndrome) patients due to Covid-19.

Banks NPAs set to rise, must raise capital to build resilience: RBI Governor

Mumbai (Maharashtra) [India], July 11 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday that the central bank asked public and private sector banks to chalk out plans and keep adequate capital ready to deal with shocks that may come due to the coronavirus pandemic.

Medical entrance coaching for NEET and AIIMS by IIB is now available online

Nanded (Maharashtra) [India] July 11 (ANI/NewsVoir): Indian Institute of Biology (IIB) is a pioneer educational institute of Maharashtra. It is regarded as one of the best institutes for medical coaching in Maharashtra.

Future Consumer records consolidated net loss of Rs 175 crore in Q4

Mumbai (Maharashtra) [India], July 11 (ANI): Future Consumer Ltd has reported consolidated net loss of Rs 175 crore in the January to March quarter as compared to a profit of Rs 7.75 crore in the same period of previous fiscal.

Dubshoot gets close to the milestone of 1 million downloads with the ban on TikTok

Hyderabad (Telangana) [India], July 11 (ANI/BusinessWire India): After the ban on Chinese apps in India, millions of users get disheartened due to the prohibition of the largest entertainment platform, TikTok.

Phoenix launches Rs 1,000 crore mall in Lucknow, signals revival of retail economy in tier-2 towns

Lucknow (Uttar Pradesh) [India], July 11 (ANI): Phoenix Palassio, one of the biggest malls in the country, has been launched in Lucknow at a budget of Rs 1,000 crore.

COVID-19 biggest test of financial system's resilience: RBI Governor Das

Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) has taken several measures to protect the country's financial system and support the economy after COVID-19 crisis, Governor Shaktikanta Das said on Saturday.

GoCeleb Founder Chirag Shah to debut as a film and TV producer

Mumbai (Maharashtra) [India] July 11 (ANI/NewsVoir): Publicist, celeb management GoCeleb firm owner and entrepreneur Chirag Shah is all set to foray in the world of films, television, and digital world entertainment.

2020 Indiaspora Business Leaders List recognizes more than 50 executives of Indian heritage leading global corporations

Washington [USA]/Pune (Maharashtra) [India] July 11 (ANI/PRNewswire): Indiaspora, a nonprofit organization of global Indian diaspora leaders from various backgrounds and professions, released their inaugural list honoring executives of the Indian diaspora who are leading the largest global corporations in 2020.

Ircon marks 27 pc growth in Q4 profit at Rs 122 cr

New Delhi [India], July 11 (ANI): Miniratna public sector enterprise Ircon International has clocked 27 per cent growth in its standalone profit after tax of Rs 122 crore in the fourth quarter ended March (Q4 FY20) against Rs 96 crore in the corresponding period of previous fiscal.

RBI alleviating liquidity stress to offset COVID-19 impact on economy

Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) has cut the repo rate by 250 basis points since February 2019 to alleviate liquidity stress and provide financial stability in the economy, said Governor Shaktikanta Das on Saturday.

Delhi, adjoining states likely to receive rainfall in next 2 hours: IMD BASF India to pick 100 pc stake in BASF Performance Polyamides for Rs 305 crore Entransys joins Qualcomm Smart Cities Accelerator Program to increase adoption of smart city solutions F-Talk's 'Discover Possibilities' is here to unlock new opportunities and possibilities amidst lockdown Fitch affirms Glenmark Pharmaceuticals at BB, withdraws proposed bond rating Sri Sri Tattva ramps up production of their Ayurveda immunity boosters Atrimed Biotech launches Plant Science range Anti Microbial product CEIC Research explores the impact of lockdown on employment and migrants India's rum affair - Celebrating World Rum Day 2020 App-based recruitment company OnTime Job launches in India Karnataka Bank posts all-time high profit of Rs 196 crore in Q1 Equity indices close in the red, financials and metals decline ADITUS launches premium program for students to prepare for post-pandemic life HDFC ERGO launches Corona Kavach policy PPOP could fall 15 pc for private banks in FY21: Ind-Ra GAIL to invest in start-ups operating in area of compressed bio gas Tata Motors Group global wholesales dip 64 pc at 91,594 in Q1 Relaxo Foundation contributes 25,000 pair of slippers to Delhi sanitation workers, a salute to unsung warriors Yes Bank approves price band for Rs 15,000 crore FPO The Leela Palaces, Hotels and Resorts voted as the World's Best Hotel Brand by Travel + Leisure, USA, Readers' Award Survey 2020 Moody's confirms JSW Steel's Ba2 ratings with negative outlook PNB reports Rs 3,689 crore exposure to DHFL as fraud SRA relaxes premiums and approvals timeline to fast track slum housing in Mumbai ADB, IEA renew pact to collaborate on energy sector sustainability and resilience Equity indices dither after weak opening, TCS flat after Q1 results Collabera welcomes Karthik Krishnamurthy as new CEO UP's Chandpur, adjoining areas likely to receive rainfall in next 2 hrs: IMD Loyal Textile Mills Limited launched the world's first reusable PPE with Triple Viral Shield Technology STT GDC India Wins Colocation Service Provider of the Year at the 2020 Frost & Sullivan India ICT Best Practices Awards for the third year running Inflow Technologies partners with Cyware to provide next-gen threat intelligence and cyber fusion solutions

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July 2020