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China’s economy could be regaining momentum after major slowdown

Oct 3, 2023

Hong Kong, Oct 2 (IANS) A return to growth in China’s manufacturing sector and a boom in travel during the annual “Golden Week” holiday is fuelling hopes that the economy could be regaining momentum after a major slowdown this year, a media report said. China’s official manufacturing purchasing managers’ index (PMI) rose to 50.2 from 49.7 in…

IQuest Enterprises acquires Viatris’ Indian API operations

Oct 2, 2023

Hyderabad, Oct 2 (IANS) IQuest Enterprises has entered into a definitive agreement to acquire the API operations of global pharmaceutical major Viatris in India for an undisclosed amount.The Hyderabad-based multi-sector investment company…

Business

US pharma giant Viatris inks 2 deals to sell India business for $1.2 bn

Oct 2, 2023

New Delhi, Oct 2 (IANS) Viatris (formerly known as Mylan Inc) has finalised two deals in India to divest its API (active pharmaceutical ingredients) and women's healthcare businesses for a combined consideration of around $1.2 billion, the…

Business

Adani commissions first 400 KV grid in Mumbai, to boost power supply by 1000 MW

Oct 2, 2023

Mumbai, Oct 2 (IANS) In order to address the growing needs of power for the country’s commercial capital, the Adani Energy Solutions Ltd (AESL) has commissioned Mumbai’s first 400-KV grid line, an official said here on Monday.The new line,…

Business

Sectors with the highest 1-year dividend yield

Oct 2, 2023

New Delhi, Oct 2 (IANS) The metals and mining sector has the highest dividend yield of 5.2 per cent, as per an analysis by Trendlyne.Companies with the highest dividend yield in this sector are Vedanta, Hindustan Zinc and National Aluminium…

Business

Government approves extension in central deputation tenure of UIDAI CEO Amit Agrawal

Oct 2, 2023

New Delhi, Oct 2 (IANS) The Appointments Committee of the Cabinet (ACC) has approved extension in central deputation tenure of Amit Agrawal as the CEO of Unique Identification Authority of India (UIDAI) for a period of one year beyond…

Business

Global economy taking a turn for worse, caution ahead: Zoho’s Sridhar Vembu

Oct 2, 2023

New Delhi, Oct 2 (IANS) Sridhar Vembu, Co-founder and CEO of software-as-a-service (SaaS) company Zoho, warned on Monday that the global economy is likely taking a turn for the worse, urging companies to exercise caution.In a post on X…

Business

Calcutta HC upholds Rs 1,354 Cr arbitration award in favour of Reliance Infrastructure

Oct 2, 2023

Mumbai, Oct 2 (IANS) The Calcutta High Court has upheld an arbitration award of Rs 1,354 crore in favour of Reliance Infrastructure Ltd Reliance Infrastructure which had won an arbitration award in a dispute against the Damodar Valley…

Business

Khadi opens outlet at IIT-Delhi with breathable, attractive clothes for the young

Oct 2, 2023

New Delhi, Oct 02 (IANS) In an endeavour to introduce Khadi to young people, the Khadi and Village Industries Commission (KVIC) inaugurated a newly-renovated Khadi India outlet at the IIT- Delhi campus on the occasion of Gandhi…

Business

UP begins paddy procurement for current season

Oct 2, 2023

Lucknow, Oct 2 (IANS) The Uttar Pradesh government has started the purchase of paddy for the Kharif procurement season of 2023-24. The food and civil supplies department aims to procure 70 lakh tonnes of paddy this marketing season.The…

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