Wonderla Kochi decides to welcome Covid-19 frontline workers exclusively
Fri, Dec 11, 2020 5:00 PM

Wonderla Kochi decides to welcome Covid-19 frontline workers exclusively

Wonderla Holidays Ltd, India’s leading amusement park, is set to welcome Covid-19 frontline workers exclusively. They planned an initiative, Warrior’s Week o thank the Covid-19 frontline workers. The park is honouring their services and inviting 10,000 Covid-19 frontline workers including their family members to the Kochi Park for a fun-filled day from December 20-23, 2020 onwards.

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CCPA showcauses to 6 firms for false COVID-19 protection claims
Fri, Dec 11, 2020 4:37 PM

CCPA showcauses to 6 firms for false COVID-19 protection claims

The Central Consumer Protection Authority (CCPA) sent notices to 6 firms for false claim of Covid-19 resistant products. It has also directed the Food Safety and Standards Authority of India (FSSAI) to take appropriate action against adulteration of honey by certain brands. The notice was sent to a liquid floor cleaner manufacturer, hand sanitiser manufacturer, and silk dress company among others.

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S. Chand approves Corporate Guarantee amounting to Rs28cr in favor of SBI
Fri, Dec 11, 2020 4:21 PM

S. Chand approves Corporate Guarantee amounting to Rs28cr in favor of SBI

The Board of Directors of S Chand and Company Limited approved the corporate guarantee for an amount of Rs28cr during a meeting held on Thursday. The guarantee is in favour of State Bank of India against the cash credit facility sanctioned to Vikas Publishing House Private Limited. The concern is a wholly-owned subsidiary of the company.

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BSE introduces e-agricultural spot market platform
Fri, Dec 11, 2020 4:02 PM

BSE introduces e-agricultural spot market platform

BSE launched an electronic spot platform for agricultural commodities through its subsidiary BSE Investments Ltd. BSE E-Agricultural Markets Ltd (BEAM) will function as a national level, institutionalised, electronic, transparent commodity spot trading platform. Farmers in one state will be able to reach out to markets in other states and auction their produce through BEAM.

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TCS enhances presence in Texas with new office space in Austin
Fri, Dec 11, 2020 4:00 PM

TCS enhances presence in Texas with new office space in Austin

Tata Consultancy Services (TCS) has expanded its business operations in Austin, Texas with the construction of a new facility, doubling its presence to more than 400 professionals in the city and adding to its 5,500+ employees across the state. Located at 13929 Center Lake Drive, the new facility will officially open in late December 2020 and have space for 367 employees.

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BSNL to launch world's first, satellite-based narrowband-IoT network
Fri, Dec 11, 2020 3:39 PM

BSNL to launch world's first, satellite-based narrowband-IoT network

BSNL, in partnership with Skylotech India, launched an innovative satellite-based NB-IoT (Narrow Band-Internet of Things), in answer to the  Prime Minister's vision of a truly Digital India. With this solution, India will now have access to a ubiquitous fabric of connectivity for millions of yet unconnected machines, sensors and industrial IoT devices.

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Jash Engineering bags orders worth Rs21cr in Nov 2020
Fri, Dec 11, 2020 3:10 PM

Jash Engineering bags orders worth Rs21cr in Nov 2020

Jash Engineering Limited has received consolidated orders worth Rs20.65cr in the month of November 2020 out of which Rs8cr worth of orders are for the Indian market and Rs12.65cr worth of orders are for markets outside India. As on December 1, 2020, the total outstanding consolidated order book position of the company is Rs404.66cr of which Rs155.81cr worth of orders is for the Indian market.

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L&T's construction arm is the lowest bidder for NPCIL's Kudankulam plant
Fri, Dec 11, 2020 2:53 PM

L&T's construction arm is the lowest bidder for NPCIL's Kudankulam plant

The construction arm of Larsen & Toubro turned out as the lowest bidder to construct the main plant of Kudankulam 5&6 units for Nuclear Power Corporation of India Limited. The task includes the construction of reactor building, reactor auxiliary unit, turbine building and other associated safety-related structures for the two new units. The project is scheduled to be over in 64 months.

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Bounce to add 4,000 electric scooters to its fleet by February
Fri, Dec 11, 2020 2:02 PM

Bounce to add 4,000 electric scooters to its fleet by February

E-scooter sharing player Bounce said on Friday it plans to add 4,000 more e-scooters to its fleet by February. Currently, electric vehicles (EVs) form 50% of the Bounce fleet in Bengaluru and Hyderabad. The Bengaluru start-up said it intends to transition to a 100% EV fleet by the third quarter of 2021. More than 10,000 vehicles of its fleet to include the company's in-house designed bikes.

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Canara Bank board approves allotment of 19.32cr equity shares through QIP
Fri, Dec 11, 2020 1:47 PM

Canara Bank board approves allotment of 19.32cr equity shares through QIP

Canara Bank announced that the Capital Planning Process of the Board of Directors approved the allotment of 19,32,36,714 Equity Shares to eligible institutional buyers at an issue price of Rs103.50 per Equity Share, aggregating up to Rs2000cr. The bank's QIP opened on December 7, 2020, and closed on December 10, 2020. They revealed the details of allottees with more than 5% in the QIP issue.

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Info Edge Venture Fund enters into Rs 375cr agreement with MacRitchie
Fri, Dec 11, 2020 11:45 AM

Info Edge Venture Fund enters into Rs 375cr agreement with MacRitchie

Info Edge Venture Fund (IEVF) entered into a Contribution Agreement with MacRitchie Investments Pte. Ltd, an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited for a contribution commitment of Rs375cr. The firm set up an Alternative Investment Fund named IEVF, sponsored through Smartweb Internet Services Limited, its wholly-owned subsidiary.

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Alembic Pharma gets USFDA nod for developing bipolar disorder medications
Fri, Dec 11, 2020 11:40 AM

Alembic Pharma gets USFDA nod for developing bipolar disorder medications

Drug firm Alembic Pharmaceuticals on Friday said it has received final approval from the USFDA for Asenapine Sublingual tablets, indicated for the treatment of bipolar disorder. The approved product is therapeutically equivalent to the reference listed drug product Saphris Sublingual tablets of Allergan Sales, LLC. It will be available in the strengths of 5 mg and 10 mg.

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Domestic passenger vehicle wholesales rise nearly 13% in November
Fri, Dec 11, 2020 11:33 AM

Domestic passenger vehicle wholesales rise nearly 13% in November

Riding on the festive spirit, passenger vehicle wholesales in India increased by 12.73% to 2,85,367 units in November as against 2,53,139 units in the same month in 2019. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales rose 13.43 per cent to 16,00,379 units in November, compared with 14,10,939 unit sold in the preceding year.

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ONGC shares surged 10-month high
Fri, Dec 11, 2020 11:24 AM

ONGC shares surged 10-month high

Oil and Natural Gas Corp shares hit a 10-month high on the back of higher crude prices, with sentiment also supported by optimism over COVID-19 vaccines. ONGC climbed 10% after Brent rose above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year.

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PhonePe to hire 700 professionals in the next few months
Fri, Dec 11, 2020 11:13 AM

PhonePe to hire 700 professionals in the next few months

Walmart-owned PhonePe might fill 700 vacancies in the next three to six months, as the business grows due to increased adoption of digital payment services. Manmeet Sandhu, Chief People Officer, PhonePe said the company will recruit for open positions across multiple engineering and non-engineering functions such as business development, product management, and merchant acquisition among others.

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