Jio constructs largest international submarine cable system centred on India

17 May, 2021

Mumbai, May 17 (IANS) Reliance Jio Infocomm Ltd (Jio) is constructing the largest international submarine cable system centred on India.

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Vedanta calls for EoI to transport 800 tpd O2 from Sterlite unit (17 May, 2021)

Chennai, May 17 (IANS) Even as it is sorting out the teething problems in its oxygen production in Thoothukudi-based Sterlite Copper, Vedanta Ltd has called for Expressions of Interest (EoI) for a solution to transport about 800 ton per day (tpd) of gaseous oxygen to hospitals.

India's WPI inflation rises to 10.49% in April (Lead) (17 May, 2021)

New Delhi, May 17 (IANS) India's annual rate of inflation based on wholesale prices sequentially rose to 10.49 per cent in April from a rise of 7.39 per cent in March.

CIABC urges Meghalaya govt to scrap 'Central Bonded Warehouse' (17 May, 2021)

Shillong, May 17 (IANS) The Confederation of Indian Alcoholic Beverage Companies (CIABC), apex body of the Indian Alcoholic Beverage Industry, has written to the Meghalaya Government seeking immediate end to the creation of Central Bonded Warehouse (CBW) which is to function as the sole wholesaler for all alcoholic beverages products to be sold in Meghalaya.

Federal Bank's Q4 net profit up 58.6% (17 May, 2021)

Mumbai, May 17 (IANS) Federal Bank on Monday reported 58.6 per cent growth in its net profit for the January-March quarter at Rs 477.81 crore.

Equities rise on lower Covid numbers, banking stocks shine (Lead) (17 May, 2021)

Mumbai, May 17 (IANS) India's key stock markets maintained their solid gains during the late-afternoon trade session on Monday on the back of healthy buying witnessed banking and financial sector.

Max Life launches new pension plan with guaranteed financial protection (17 May, 2021)

New Delhi, May 17 (IANS) Max Life Insurance Company on Monday announced the launch of 'Max Life Saral Pension', a Non-Linked, Non-Participating Single Premium, Individual Immediate Annuity Plan.

Lilly signs an Additional Voluntary Licensing Agreement on Baricitinib (17 May, 2021)

New Delhi, May 17 (IANS) Eli Lilly and Company announced on Monday that it has issued an additional royalty-free, non-exclusive voluntary license to Natco Pharma; a local pharmaceutical manufacturer of generic medicines.

Samsung's US chip plant investment may be in offing: Report (17 May, 2021)

Seoul, May 17 (IANS) Samsung Electronics may unveil its plan later this month to build a new chip factory in the United States, industry sources said on Monday, as the South Korean tech giant tries to cope with rivals' capacity expansions.

Pvt equity investor KKR invests $95 million in Lenskart (17 May, 2021)

New Delhi, May 17 (IANS) Lenskart, an omni-channel eyewear retailer in India, and KKR, a global investment firm, on Monday announced the signing of definitive agreements under which KKR will invest $95 million in Lenskart via a secondary stake acquisition.

Lenovo appoints Dinesh Nair as consumer biz head in India (17 May, 2021)

Bengaluru, May 17 (IANS) Global technology leader Lenovo on Monday announced to appoint Dinesh Nair as Director, Consumer Business for the India region.