The Open Network for Digital Commerce (ONDC) has revised its incentive program structure to give buyer-side apps more flexibility in how they offer discounts to consumers, halving the average subsidy launched in the food category and planned to increase the density of online retailers in 45 non-metropolitan counties. Notice of the fifth version of the …
Thanks to its soaring shares this year, IDFC First Bank has joined the elite club of the 10 most valuable listed lenders in India, replacing Union Bank of India and Canara Bank with a valuation price is 65,325 Rs crore on 4th September. According to BSE data, Union Bank of India has a market capitalization …
IDFC First joins elite club of 10 most valuable listed banks in India Read More »
Shares of Eicher Motors opened 2% higher on September 4, extending gains from the previous session on better-than-expected sales of the flagship Royal Enfield motorcycle range in August. Royal Enfield motorcycle sales increased 11% year-on-year to 77,583 units in August. Sales were also much higher than Nomura’s estimate of 75,000 units. The brokerage has indicated …
Eicher Motors rises 2% on better-than-expected Royal Enfield August sales Read More »
Uday Kotak`s resignation from the helm of affairs at Kotak Mahindra Bank seems to have little impact on the stock with most brokerages maintaining their target prices and ratings unchanged. Jefferies India has retained its ‘buy’ tag on the stock and kept the target price at Rs 2,400. Macquarie, too, stuck to its ‘neutral’ rating …
China has raised its conflicts of interest with India on a broader basis, and has voiced its opposition to a range of issues at the G20 ministerial meeting, beyond issues such as the Ukraine crisis, climate change and green energy. China’s opposition to Mission LiFE (Lifestyles for the Environment), women-led development initiatives, and support for …
China firms up ‘obstructive’ stance at G20, raises hurdles to India’s success Read More »
The Union Territory (UT) of Ladakh has reached a major milestone by distributing apricots across the country by road for the first time. Apricots are the main income crop for farmers in Ladakh, famous for its rugged terrain and high desert, and they are exported to different states by road, thanks to FastBeetle Logistics Pvt …
Road shipment of Ladakhi apricots should lead to reduced costs, drive demand Read More »
Biocon Ltd announced the acquisition of Eywa Pharma Inc’s solid oral drug manufacturing facility by its wholly owned subsidiary, Biocon Generics Inc, for $7.7 million. The biotech giant said in an exchange document that the facility in Cranbury, New Jersey, US has the potential to expand capacity by up to two billion tablets or capsules …
Biocon acquires Eywa Pharma’s New Jersey facility for $7.7 million Read More »
Five Star Business Finance Ltd fell more than 5% in early morning trading on September 1 after about 2.48 crore shares, or 8.5% of the company’s capital, changed hands in two combined transactions. Bloomberg said details of buyers and sellers were not known. On August 31, CNBC-TV18 reported that private investors Matrix Partners, TPG Asia …
Five-Star Business fell over 5% after huge block deal Read More »
State-owned Gujarat Gas Ltd raised the price of industrial gas by Rs 2.5 to Rs 43.33 standard cubic meter (scm), from the current level of Rs 40.83 per cubic meter effective September 1. , a source cited by CNBC-TV18 reported. According to the report, the price increase was driven by higher spot liquefied natural gas …
Gujarat Gas hikes industrial gas price from September 1 Read More »
Fortis Healthcare’s stock price jumped 1% in early trading August 31 after the company signed definitive agreements to acquire a hospital in Haryana. At 09:29, Fortis Healthcare quoted a price of Rs 335.00, an increase of Rs 3.50, or 1.06% on BSE. The Company has entered into definitive agreements with Medeor Hospital Limited (MHL) and …
Fortis Healthcare to acquire Medeor Hospital Manesar for Rs 225 crore; shares gain Read More »
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