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Biological E hopes to roll out COVID-19 vaccine Corbevax by November-end

Biological E’s anti-coronavirus shot, Corbevax, is a RBD protein sub-unit vaccine and is currently undergoing phase 2/3 clinical trials on adults.

Apple once threatened Facebook ban over Mideast maid abuse

While the Mideast remains a crucial source of work for women in Asia and Africa hoping to provide for their families back home, Facebook acknowledged some countries across the region have #39;especially egregious#39; human rights issues when it comes to labor

Aditya Birla Sun Life AMC Q2 profit up 38% to Rs 173 crore

The company had posted a profit after tax of Rs 125.4 crore in the year-ago period, the fund house said in a regulatory filing.

Silver prices near Rs 66,000/kg tracking firm trend in gold, industrial metals; faces resistance at Rs 66,300 level

Silver has been trading higher than the 5, 20, 50, and 100 days#39; simple moving averages but lower than 200-day moving averages on the daily chart.

ESAF Small Finance Bank, Sapphire Foods among 7 companies to get SEBI#39;s nod for IPO

In addition, PB Fintech, which operates an online insurance platform Policybazaar and credit comparison portal Paisabazaar, Paytm’s parent firm One97 Communications, life sciences company Tarsons Products and HP Adhesives too received SEBI’s clearan

Colgate-Palmolive India Q2 profit down 2% to Rs 269 crore

The company posted a net profit of Rs 274.19 crore in July-September period a year ago, Colgate-Palmolive India Ltd (CPIL) said in a BSE filing.

Natural gas futures climb over 6% on firm global trend, analysts say adopt buy on dips strategy

Ventura Securities#39; NS Ramaswamy advised his clients to buy MCX NATURAL GAS NOVEMBER in the range of Rs 395 to Rs 400 for the target of Rs 430-450 with a stop loss below Rs 380.

PayPal says it is not pursuing acquisition of Pinterest

PayPal Inc is not pursuing an acquisition of Pinterest Inc at this time, the payments company said on Sunday, responding to media reports that it was in talks to buy the digital pinboard site for as much as $45 billion.

Coforge Q2 net profit up 21.6% to Rs 146.7 crore

The company had posted a net profit of Rs 120.7 crore in the second quarter of FY21, Coforge said in a regulatory filing.

Cochin airport becomes first in India to start hydropower project 

The power plant with annual power generation capacity of 14 million units will be commissioned on November 6 at Arippara near Kozhikode. It will be fed to the Kerala State Electricity Board grid in the first week of November

HSBC surprises with 74% rise in Q3 profit and $2 billion buyback

HSBC however said its cost projections for 2022 had increased to $32 billion from $31 billion, due to the pressures of inflation.

Korea#39;s Edison Motors vows Rs 6,300 crore investment if it wins SsangYong

The $260-million offer made by the preferred bidder is nearly the same as MM’s purchase price inked in late 2010.

Tesla pulls its new Full Self-Driving beta due to software #39;issues#39;

The setback comes as Tesla is under regulatory scrutiny over the safety of its semi-autonomous driving technology and only a day after the beta’s release

Exclusive | Pankaj Munjal’s Hero Cycles plans IPO, fundraising and acquisitions

Hero Cycles is set to buy two overseas companies as it seeks to expand its global footprint

Federal Bank – On the re-rating track

Federal Bank has bolstered its capital position and made it ready to win market share post the pandemic

Groww raises $251 million at $3 billion valuation, will look at adding government bonds and derivatives

Groww plans to add fixed-income investment products, derivatives, build its mutual funds vertical and extend its reach to under-penetrated geographies post the Series E fundraise

Yes Bank Q2: Why the valuation deters us despite its right moves

The reported adjusted price to book at 1.4x of Yes Bank does not look enticing from a valuation perspective, given the uncertain road to achieving its coveted RoA

MC Insider: Upcoming D-Street debut, foodtech unicorn on acquisition spree, MNC divestment issues and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

Apollo Tyres introduces Vredestein brand in India

The home-grown tyre major is eyeing around 30 per cent market share in the segment over the next two years with the Vredestein range which would be locally produced from the company’s plants in Tamil Nadu and Andhra Pradesh.

Honda Motorcycle all set to foray into EV segment next fiscal

The company, which sells popular models like Activa and Shine in the country, aims to start feasibility run of the electric scooter with its dealer partners at the end of the festive season this year.

Koo user base at about 15 million; eyes expansion to new market in Southeast Asia in H2 2022

Koo will maintain its sharp focus on the Indian market, onboarding more and more users, even as it plans to venture into one new market in Southeast Asia after June 2022.

Zoho to start company for RD to focus on critical know-how in manufacturing sector

Stating that the manufacturing sector, like textile, motor and pumps, battery for electric vehicles and machine tools, was importing machines and technology, Sridhar said that Zoho will form a company and invest Rs 50 to 100 crore, with a matching investment

Icra appoints Ramnath Krishnan as Managing Director and Group CEO

Ramnath Krishnan, who will assume the new charge with immediate effect, has a proven record of leadership, gained during the course of a career spanning more than three decades in banking and finance in India and abroad, Icra said in a statement.

Greaves Electric fully acquires leading e-rickshaw brand Bestway Agencies

The company, which is the e-mobility arm of Greaves Cotton Ltd, has acquired 100 per cent stake in BAPL.

Auto dealer body appeals to Narayan Rane to get Heavy Industries Ministry to fix Ford issue

As per FADA, around 170 Ford dealers (with more than 300 dealership) have been impacted because of this sudden exit decision leading to loss of employment of around 40,000

Cryptocurrency prices today: Bitcoin slides further, Ethereum down over 2%

Cryptocurrency prices on October 23: Bitcoin is currently trading at Rs 47,53,253 lakh, and its dominance is currently 45.53 percent

Wall Street mixed as social media suffers

About 40 minutes into the session, the benchmark Dow Jones Industrial Average was up 0.3 percent at 35,720.51, and the broad-based SP 500 edged up 0.1 percent to 4,552.30.

Investors#39; wealth erodes by Rs 10.29 lakh crore in 4 days

Falling for the fourth consecutive session on Friday, the 30-share BSE benchmark Sensex settled 101.88 points or 0.17 per cent lower at 60,821.62.

SEBI tweaks framework on investor grievance redressal system, arbitration mechanism

The new framework will come into effect from January 1, 2022, the Securities and Exchange Board of India (SEBI) said in a circular.

ABB Power September quarter profit jumps multi folds to Rs 34 crore

The net profit of the company in the year-ago quarter was Rs 4.76 crore, a BSE filing stated.

IOC expects 100% refinery run within a quarter as fuel demand returns

Speaking at India Energy Forum by CERAWeek, he said petrol and cooking gas LPG demand is already above pe-COVID levels and diesel – the most consumed fuel in the country – is inching back to normalcy.

HDFC Life Q2 net profit declines 16% to Rs 275.91 crore

The life insurer had posted a net profit of Rs 327.83 crore in the year-ago period.

Inox Leisure Q2 loss widens to Rs 88 crore

The company posted a net loss of Rs 67.83 crore for July-September period a year ago, Inox Leisure said in a BSE filing.

India can become world#39;s edtech capital: NITI Aayog CEO Amitabh Kant

Amitabh Kant said affordable internet connectivity and technology-based infrastructure are the only ways to enhance the education sector in the country.

Yes Bank Q2 profit jumps 74% to Rs 225 crore

The private sector lender had earned a profit of Rs 129 crore in the corresponding quarter of previous fiscal.

Disinvestment has opened the door for Air India to improve products and services, says Star Alliance CEO Jeffrey Goh

In a conversation with Moneycontrol from the Star Alliance headquarters in Frankfurt, Jeffrey Goh said AI going to the Tatas “will remove AI from any form of government involvement. It will provide AI with more autonomy in terms of investments in product

Lupin ropes in Hrithik Roshan for ayurvedic energy supplement brand

The Mumbai-based company has brought in the actor as brand ambassador for LupinLife’s Be One brand.

Arbitration panel rejects Future#39;s plea on Reliance deal in dispute with Amazon

Amazon has been locked in a tussle with Future and accuses it of breaking contracts when it sold its retail assets to Indian market leader Reliance last year. Future denies any wrongdoing

Biocon consolidated net profit dips 18% to Rs 138 crore in Q2

The Bengaluru-based company had reported a net profit of Rs 169 crore in the July-September quarter of the previous fiscal.
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