Friday , June 5 2020
Home / BUSINESS (page 32)


GeM signs MoU with Federal Bank to offer number of services

The Government e-Marketplace (GeM), a public procurement portal, has signed a memorandum of understanding (MoU) with Federal Bank to offer different services, including the transfer of funds. The MoU will facilitate a cashless, paperless and transparent payment system on the portal, and would create an efficient procurement system for government ... Read More »

Alembic Pharma’s JV gets USFDA’s nod for Desonide Ointment

Alembic Pharmaceuticals’ joint venture (JV) Aleor Dermaceuticals (Aleor) has received approval from US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Desonide Ointment, 0.05%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Desonide Ointment, 0.05%, of Perrigo New York, Inc. Desonide ... Read More »

US markets end marginally higher on Wednesday

The US markets eked out modest gains on Wednesday after traders digested the latest batch of earnings news from big-name companies like Boeing (BA) and Caterpillar (CAT). Boeing and Caterpillar both reported weaker than expected third quarter earnings, with Caterpillar also cutting its full-year outlook due to weak demand for ... Read More »

Soybean futures trade higher on strong demand

Soybean futures traded higher on NCDEX as speculators enlarged their bets amid strong demand at the domestic spot market. Soybean prices improved further by tracking higher prices at overseas amid expectations of renewed Chinese buying supporting prices. The contract for November delivery was trading at Rs 3743.00, up by 0.7% ... Read More »

VA Tech Wabag completes project in Sri Lanka worth $78 million

VA Tech Wabag has completed and handed over the Greater Dambulla Water Supply Project in Sri Lanka to the customer. The EPC contract for $77.8 million, for National Water Supply & Drainage Board of Sri Lanka was built using conventional multi barrier system including Lamella Clarifiers, Disinfection and PAC dosing ... Read More »

JSW Steel reports 22% rise in Q2 consolidated net profit

JSW Steel has reported results for second quarter ended September 30, 2019. The company has reported a rise of 29.59% in its net profit at Rs 2,917 crore for the quarter under review as compared to Rs 2,251 crore for the same quarter in the previous year. However, total income ... Read More »

ICICI Bank opens 33 new branches in Uttar Pradesh in FY20

ICICI Bank has opened 33 new branches in Uttar Pradesh (UP) in 2019-20, including some branches in unbanked areas. The bank now has a network of nearly 300 branches and extension counters in UP along with over 1,260 ATMs, Pan India, it has a wide retail network of 5,250 branches. ... Read More »

HDFC Bank advances on opening new branch in Bhopal

HDFC Bank is currently trading at Rs. 1243.95, up by 5.30 points or 0.43% from its previous closing of Rs. 1238.65 on the BSE. The scrip opened at Rs. 1246.20 and has touched a high and low of Rs. 1248.10 and Rs. 1234.10 respectively. So far 52382 shares were traded ... Read More »