BUSINESS
JSPL delays EGM on JPL disinvestment after questions raised on deal
JSPL has called company's EGM on Monday to get shareholders approval for JPL disinvestment in favour of Worldone Pvt Ltd, a company owned by the Jindal family. "A few investors have requested the company to examine and simplify certain terms around the JPL disinvestment, before requiring them to consider resolutions in relation to the same.
ITC first hotel chain to receive platinum certification
Certification programme "My Care" by DNV, is developed at a global stage by a team of expert infection risk and hospital management professionals. The maturity model of the programme (Level 1 to 5) assesses and covers all facets of hotel operations on six different dimensions Governance, Strategy, communication, actions, data analysis and continuous improvement.
Remote job searches soared to 966% in April: Report
The data revealed that searches for remote work were higher across age groups -- 60-64, 15-19 and 40-44 at 13 per cent each, while the searches in the age groups 35-39 and 20-24 were 12 per cent each. The data also revealed that Bengaluru topped the chart for remote job searches with 16 per cent followed by Delhi (11 per cent), Mumbai (8 per cent), Hyderabad (6 per cent) and Pune (7 per cent).
upGrad acquires Impartus, commits Rs 150 cr for buyout, boost growth
Impartus, now a 100 per cent subsidiary of upGrad, has been rebranded as ‘upGrad Campus'. ‘upGrad Campus' will target higher education institutions and college students, with its learning tools and world-class content, in an integrated solution, the company said in a statement, aiming to close the financial year 2022 with nearly Rs 85 crore revenue.
SBI shares surge post robust Q4 earnings
Around 11.30 a.m., shares of the state-run bank on the BSE were at Rs 411.85, higher by Rs 10.75 or 2.68 per cent from its previous close. On Friday, the bank reported a rise of 80.15 per cent in its net profit for the Q4FY21 on a year-on-year basis to Rs 6,451 crore. Sequentially, the net profit has increased by 24.14 per cent.
Glenmark Pharma gets USFDA nod for Icatibant injection
The injection is the generic version of Firazyr Injection, 30 mg/3 mL (10 mg/mL) Single-Dose Prefilled Syringe, of Shire Human Genetic Therapies, Inc. According to Glenmark, this is the company's first synthetic decapeptide injectable approval and will be manufactured in their North American manufacturing facility based in Monroe, North Carolina.
Equity indices in green, banking stocks rise
Around 10.50 a.m., Sensex was trading at 50,681.29, higher by 140.81 points or 0.28 per cent from its previous close of 50,540.48. It opened at 50,727.28 and has touched an intra-day high of 50,855.32 and a low of 50,465.90 points
JSW Steel calls reports of interest in Liberty Steel assets 'misleading'
In a regulatory filing, the company said: "It is hereby clarified that such reports stating about the Company's interest in bidding/buying Liberty Steel's assets are not only speculative but also misleading and mischievous." Recent media reports suggested that JSW Steel is considering a bid to buy Liberty Steel's assets in the UK.
'False': Govt on reports PSBs withdrawing funds from abroad due to Cairn
"Condemning all such source-based reports as false, the Government of India said that these are totally incorrect reports which were not based on true facts. Certain vested parties appear to have orchestrated such misleading reporting, which often relies upon unnamed sources and presents a lopsided picture of factual and legal developments in the case," said an official statement.
Equities to bounce on reopening hopes, declining Covid trend
"Partial lifting of lockdown will raise hopes of early resumption of economic activities across the country, though gradually. The second Covid wave seems to be coming to an end over the next couple of weeks. This expectation has lifted sentiments in the equity markets," said Deepak Jasani- Head of Retail Research at HDFC Securities.
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