- Apollo Hospitals, DRL launch vax drive with Sputnik V
The company said it had tied up with Apollo Hospitals for the vaccination drive across the country, starting with Hyderabad.
- 13 hours ago 18 May 21, 2:04am -
- Firms shifting scale more towards temps, gig workers & freelancers: Paul Dupuis, MD & CEO, and, Viswanath PS, CFO, Randstad India
We provide both staffing and permanent placement, where we place candidates in client organisations. For our staffing business, we hire the people in our payroll, but they are deputed to clients.
- 13 hours ago 18 May 21, 2:00am -
- L&T FY22 guidance on order inflows aggressive: Analysts
“Order inflow guidance at low- to mid-teens appears ambitious as FY21 had lumpy order wins—high speed rail contracts,” analysts at Nomura observed. The foreign brokerage estimated growth at 9% t…
- 13 hours ago 18 May 21, 1:45am -
- Moglix joins unicorn club with fresh $120-million fundraise
The investment, which values the B2B e-commerce firm at $1 billion, was also backed by existing investors Tiger Global, Sequoia Capital India and Venture Highway.
- 15 hours ago 17 May 21, 11:45pm -
- Current quarter seems to be quite challenging: Shyam Srinivasan, MD & CEO, Federal Bank
Provisioning is lower in Q4, because we have been provisioning significantly in the first three quarters without taking NPAs. As the NPA recognition came through in March, it shifted from standard ass…
- 15 hours ago 17 May 21, 11:30pm -
- Expect to grow loan book by 30% for next few years: Manoj Viswanathan, MD & CEO, Home First Finance
We plan to grow our loan book by 30% annually for the next few years. We think that Covid-19 disruption is going to be temporary.
- 16 hours ago 17 May 21, 11:00pm -
- Larsen & Toubro rating – Buy: Q4 performance was below estimates
Growth guidance for FY22 expects recovery in H2; FY22-23e EPS down 3-8% due to Covid wave; ‘Buy’ retained with TP of Rs 1,800
- 16 hours ago 17 May 21, 10:45pm -
- Dr Reddy’s Laboratories rating – Add: A stable showing by the company
Covid vaccine to provide significant upside to earnings; TP up to Rs 5,848; ‘Add’ retained
- 16 hours ago 17 May 21, 10:30pm -
- Northern Arc syndicates Rs 88 crore debt facility to Fusion Microfinance from Germany’s BIB
The funding will help Delhi-based Fusion Microfinance, a leading NBFC-MFI, further financial inclusion in rural India and play a critical role in alleviating the economic and social impact of the Covi…
- 17 hours ago 17 May 21, 9:45pm -
- Analyst Corner: Maintain ‘buy’ on Escorts, revised TP at Rs 1,350
EBITDA came in at Rs 345 crore (our estimate: Rs 333 crore) as compared to Rs 364 crore reported in Q3FY21, a de-growth of ~5%qoq. EBITDA margin stood at 15.6% (contraction of 245 bps qoq) in line wit…
- 17 hours ago 17 May 21, 9:30pm -
- Analyst Corner: Maintain ‘buy’ on Cipla, raise TP to Rs 1,065
US on a steady growth path; sizeable launches lined up in FY23: Cipla continues to see strong traction for its gProventil (albuterol inhaler) launch in the US where it has garnered 13.2% volume share.…
- 17 hours ago 17 May 21, 9:15pm -
- Covid Impact: Bajaj Finserv offers assistance to families of deceased employees
The initiative is being rolled out across Bajaj Finserv and its companies, including Bajaj Finance, Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, Bajaj Housing Finance, Bajaj Finserv…
- 18 hours ago 17 May 21, 8:45pm -
- KKR to invest $95 million in Lenskart
As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holdings in the company.
- 18 hours ago 17 May 21, 8:36pm -
- Pine Labs raises $285 million in fresh funding
“In this significantly oversubscribed round, in addition to primary proceeds, Pine Labs enabled secondary transactions for its founder, employees and early shareholders,” the company said in a sta…
- 18 hours ago 17 May 21, 8:30pm -
- Covid-19: Power PSUs contribute Rs 925 crore to PM-Cares Fund
Power CPSUs have together set up Covid care facilities at more than 200 locations which act as isolation centres for their own employees as well as the contractual employees and their families, the go…
- 18 hours ago 17 May 21, 8:15pm -