Centre, Facebook, WhatsApp stand sought by HC on  privacy policy plea
Mon, May 17, 2021 3:13 PM

Centre, Facebook, WhatsApp stand sought by HC on privacy policy plea

The Delhi HC sought the Centre, Facebook and WhatsApp responses on Monday on a plea challenging the new privacy policy of the messaging application. A bench of Chief Justice D N Patel and Justice Jyoti Singh issued notices to the central govt and the two social media platforms, seeking their stand on the petition filed by a lawyer.

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Cipla to enhance portfolio for COVID-19 drugs over next two months
Mon, May 17, 2021 3:00 PM

Cipla to enhance portfolio for COVID-19 drugs over next two months

Cipla is considering expanding its portfolio of COVID-19 drugs over the next two months, according to company CFO Kedar Upadhye. He further added that the pharma major has obtained voluntary licences for Merck and Eli Lilly’s Baricitinib and Regeneron Pharmaceuticals Inc.'s antibody cocktail. The company plans to launch them “over the next two months”.

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ONGC to procure 1 lakh oxygen concentrators to fight Covid second wave
Mon, May 17, 2021 2:52 PM

ONGC to procure 1 lakh oxygen concentrators to fight Covid second wave

Oil and Natural Gas Corporation (ONGC) on Monday announced it will procure one lakh oxygen concentrators to aid India's fight against the world's worst outbreak of coronavirus pandemic. The state-owned oil explorer will use its understanding of the global supply chain and logistics to procure one lakh oxygen concentrators on behalf of the government of India, ONGC said in a statement.

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Fuel prices at an all-time high; petrol price in Mumbai near Rs99
Mon, May 17, 2021 2:47 PM

Fuel prices at an all-time high; petrol price in Mumbai near Rs99

Fuel prices in India stayed flat on May 17 after setting a new record high the previous day. Mumbai is just a rupee away from Rs100 per litre petrol mark. In Delhi, on Monday, per litre petrol is valued at Rs92.58, while diesel is priced at Rs83.22 a litre. Meanwhile, in Mumbai, per litre diesel at Rs90.40. In Chennai, petrol is available at Rs94.31 per litre and diesel at Rs88.07 per litre.

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Hero MotoCorp restarts production at three plants from today
Mon, May 17, 2021 2:44 PM

Hero MotoCorp restarts production at three plants from today

Hero MotoCorp is gearing up towards a gradual resumption of operations by starting single shift production at three of its plants – Gurugram and Dharuhera in Haryana and at Haridwar in the northern hill state of Uttarakhand – from Monday onwards. Additionally, these plants will also have an enhanced focus on catering to the Global Business (GB) markets across the world.

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Dr Reddy's confirms 8-9 states have approached for Sputnik V vaccine
Mon, May 17, 2021 2:36 PM

Dr Reddy's confirms 8-9 states have approached for Sputnik V vaccine

Dr Reddy's on May 17 announced that 8-9 states have approached the vaccine maker for purchase of Sputnik V COVID-19 vaccine. The company named Andhra Pradesh and Telangana, among the states that have reached out to them. Dr Reddy's had announced that the imported doses of Russia's Sputnik V COVID-19 vaccine have been priced at Rs 948 plus 5% GST or Rs 995.40 per dose.

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Hero MotoCorp partners Gurugram District Admin to establish Covid Care
Mon, May 17, 2021 2:28 PM

Hero MotoCorp partners Gurugram District Admin to establish Covid Care

Hero MotoCorp collaborated with the District Administration of Gurugram in Haryana to establish a fully equipped makeshift 100-bed Covid Care Centre in the city. The Covid-19 Care Centre will be set up at the Government Girls College in Sector 14, Gurugram – under Hero MotoCorp Corporate Social Responsibility (CSR) platform “Hero We Care”.

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WazirX will compensate users who lost money amid 'Doge killer' frenzy
Mon, May 17, 2021 2:24 PM

WazirX will compensate users who lost money amid 'Doge killer' frenzy

Indian cryptocurrency exchange WazirX posted measures to compensate its users who bought the meme currency Shiba Inu (SHIB) after it was listed on the exchange on May 13 at a price higher than its actual value. Nischal Shetty, Founder and CEO of WazirX India, took to Twitter to announce the WRX Airdrop program for those "who bought SHIB at an exceptionally-high price and did not sell"

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Free cancellation, rescheduling for WB flights announced by AirAsia India
Mon, May 17, 2021 2:19 PM

Free cancellation, rescheduling for WB flights announced by AirAsia India

AirAsia India on Monday approved free cancellation and rescheduling for flights to and from West Bengal in the wake of a 15-day lockdown in the state. Further, the Bangalore-based private carrier said it was extending the similar facility, announced earlier for flights to and from Karnataka, Delhi, Maharashtra and Tamil Nadu as well for the current duration of the respective state lockdowns.

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Macrotech Developers plans to reduce debt below Rs 10,000 crore by FY22 end
Mon, May 17, 2021 2:14 PM

Macrotech Developers plans to reduce debt below Rs 10,000 crore by FY22 end

Macrotech Developers plans to reduce debt figure below Rs 10,000 cr by the end of FY22, Abhishek Lodha, MD & CEO opined. The company reported the first set of quarterly results post IPO and it’s been a decent showing. The revenue and margins look good but profit after tax is low. "We have made a strong and concerted focus towards becoming a net cash positive company by FY24," Abhishek Lodha said.

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Texmaco infra and Texmaco Rail shuts down manufacturing units in WB
Mon, May 17, 2021 2:00 PM

Texmaco infra and Texmaco Rail shuts down manufacturing units in WB

Texmaco Infrastructure & Holdings and Texmaco Rail & Engineering shut down offices and manufacturing sites until May 30, 2021. “In view of the impending Lockdown as announced by the Government of West Bengal today, Offices and Manufacturing sites will remain closed from close of business hours May 15, 2021 till May 30, 2021 or till such other date as may be further advised," the company said.

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Kesoram Industries reports net profit of Rs 167 crore
Mon, May 17, 2021 1:36 PM

Kesoram Industries reports net profit of Rs 167 crore

Kesoram Industries Limited for the year ended FY21 reported a Net Profit after Tax of Rs167cr as against a loss of Rs485cr for the corresponding previous year FY20. The company's performance has been enabled through a series of sustained corporate actions and the company's constant endeavour to enhance the value for its customers.

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Over 1 lakh sales mark achieved by TVS NTORQ in international markets
Mon, May 17, 2021 1:33 PM

Over 1 lakh sales mark achieved by TVS NTORQ in international markets

TVS Motor Company on Monday announced its scooter brand NTORQ 125 achieved more than one lakh sales milestone in the international markets. The company currently sells the scooter, which comes with various industry-first technologies like Bluetooth connectivity feature, in 19 countries across South Asia, Latin America, Middle East, and ASEAN.

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Federal Bank Q4 up 58.4% at Rs 521.24 crore
Mon, May 17, 2021 1:30 PM

Federal Bank Q4 up 58.4% at Rs 521.24 crore

Federal Bank reported -5.36% YoY fall in total consolidated revenues for the Mar-21 quarter at Rs3,996.43cr. Due to lower yield on loans, the interest income on loans was slightly lower although the interest on RBI deposits was higher YoY. For the Mar-21 quarter, the operating profits were lower by -5.01% at Rs928.38cr. Profit after tax (PAT) for the Mar-21 quarter was up by 58.41% at Rs521.24cr.

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Kings Infra & NEC Corp introduce proof of concept for Precision Aquaculture
Mon, May 17, 2021 1:21 PM

Kings Infra & NEC Corp introduce proof of concept for Precision Aquaculture

Kings Infra Ventures and NEC Corporation Japan attained a landmark in Precision Aquaculture when the Proof of Concept (PoC) project using Recirculated Aquaculture System (RAS) based shrimp Aquaculture along with Artificial Intelligence and IOT was launched on 3rd May 2021. The POC has the potential to disrupt the aquaculture technology globally by the multifold increase in growing densities.

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