Torrent to acquire Curatio Healthcare for ₹2,000 crore

[ad_1] The consideration includes ₹115 crore in cash and cash equivalents in the acquired business, indicating an enterprise value of ₹1,885 crore The consideration includes ₹115 crore in cash and cash equivalents in the acquired business, indicating an enterprise value of ₹1,885 crore Torrent Pharmaceuticals Ltd. will buy  100% of Curatio Healthcare (I) Pvt. Ltd. […]

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Telecom service quality norms may get tighter

[ad_1] Telecom Minister Ashwini Vaishnaw on Wednesday assured the sector of more reforms in the offing but asserted that the industry too would have to do its bit and reciprocate by improving service quality “significantly”. He indicated that service quality parameters would be significantly increased and that the Telecom Department would approach the Telecom Regulatory […]

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Billionaire Venture Capital, DBS Bank form JV to help start-ups

[ad_1] The newly formed joint venture will earmark about $200 million in collaboration with DBS Bank to extend capital for about 150 start-ups in Tamil Nadu, Karnataka and Maharashtra The newly formed joint venture will earmark about $200 million in collaboration with DBS Bank to extend capital for about 150 start-ups in Tamil Nadu, Karnataka […]

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Munoth Industries to start making lithium-ion cells at Tirupati unit

[ad_1] Munoth Industries Ltd. (MIL) has announced the pre-production of lithium-ion cells for the consumer electronics segment at its soon-to-be inaugurated Tirupati unit. “We will start pre-production on September 16. The commercial production and formal opening of the facility is slated for mid-October,” said vice chairman Jaswant Munoth. The trial run will be inaugurated by […]

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Coal India Q1 profit almost triples to ₹8,833 crore

[ad_1] Shares of the company climbed 2.02% to ₹219.85 apiece on the BSE Coal India Ltd. on Wednesday reported an almost threefold rise in consolidated net profit to ₹8,832.86 crore for quarter ended June on the back of higher sales. The company had posted a net profit of ₹3,169.86 crore in the year-earlier period, Coal […]

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Cholamandalam Financial Holdings Q1 consolidated net rises 63% to ₹582 crore

[ad_1] Cholamandalam Financial Holdings Ltd. (CFHL), a core investment company of the Murugappa Group, has posted a 63% growth in its consolidated net profit for the first quarter to ₹582 crore. Total income rose by 10% to ₹3,963 crore, the company said in a regulatory filing. Cholamandalam Investment & Finance Company Ltd., in which the […]

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