Category Articles: Business

Strand Life Sciences Develops Prenatal Genomic Diagnostics Portfolio

April 23, 2024
Strand Life Sciences Develops Prenatal Genomic Diagnostics Portfolio

Bengaluru: Strand Life Sciences, a subsidiary of Reliance Industries Ltd., and a leading global provider of genomic and bioinformatic solutions, announced its prenatal screening and diagnostics portfolio with two breakthrough technologies: CNSeq (for identification of aneuploidies and copy number variations) and MaatriSeq (Non-Invasive Prenatal Screening).  These innovations are tailored to the specific needs of the Indian community, offering efficiency, cost-effectiveness, and accuracy. CNSeq...Read More

RIL reports Rs 21,243-crore profit for Q4 FY2023-24; EBITDA up 16.1%

April 22, 2024
RIL reports Rs 21,243-crore profit for Q4 FY2023-24; EBITDA up 16.1%

Mumbai: Reliance Industries Ltd (RIL) today announced the results for Q4 FY2023-24, with a 0.1 percent surge in net profit, reaching Rs 21,243 crore for the fiscal fourth quarter compared to the same period last year. Annual revenue at Reliance Industries increased by 2.6 percent to Rs 10 lakh crore, supported by expansions in consumer and upstream sectors, which counterbalanced a decrease in oil-to-chemicals (O2C) revenues due to a 13.5% year-over-year decrease in average Brent crude prices....Read More

JNK India Limited’s IPO to open on April 23rd

April 19, 2024
JNK India Limited’s IPO to open on April 23rd

Ahmedabad: JNK India Limited is in the business of manufacturing the process-fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. , has fixed the price band of Rs 395/- to Rs 415/- per Equity Share of face value Rs 2/- each for its initial public offer, the company said in official statement. "The Initial Public Offering (“IPO” or �...Read More

Vodafone Idea Limited Rs. 18,000 Crore FPO to open on April 18

April 16, 2024
Vodafone Idea Limited Rs. 18,000 Crore FPO to open on April 18

Ahmedabad: Vodafone Idea Limited shall open its Bid / Offer in relation to its Further Public Offering (“FPO”) of Equity Shares on Thursday, 18th April, 2024. The Total Offer Size comprises of fresh issue of Equity Shares aggregating up to ₹ 1,80,000 million [₹ 18,000 crore]. The Price Band of the Offer has been fixed at ₹ 10 to ₹ 11 Per Equity Share. Bids can be made for a minimum of 1,298 Equity Shares and in multiples of 1,298 Equity Shares thereafter, the company said in a sta...Read More

Reliance MET City declares superlative results for Fiscal Year 2023-24

April 16, 2024
Reliance MET City declares superlative results for Fiscal Year 2023-24

Gurugram: Model Economic Township Limited (MET City), a 100% subsidiary of Reliance Industries Limited, witnessed a remarkable growth of 60% in the completed fiscal year of 2023-24. The total number of plots booked in the financial year were 1079 across all segments, resulting in achieving a total booking value of INR 1913 crore for the financial year, which is almost 60% higher than the previous financial year. The above growth demonstrated impressive performance achieving significant milesto...Read More

Deepika’s 82°E partners with Reliance Retail’s Tira; makes its offline retail debut

April 15, 2024
Deepika’s 82°E partners with Reliance Retail’s Tira; makes its offline retail debut

Mumbai: Deepika Padukone's self-care brand 82°E, today announced a strategic partnership with Reliance Retail’s beauty platform, TIRA. This collaboration marks a significant expansion from 82°E’s successful D2C model to first-time retail experience in the country through an online and offline presence. Through this partnership, 82°E will continue its mission to make the practice of self-care a simple, joyful and effective part of everyday life for the TIRA community. After a year of prom...Read More

GDMA to not use Adani Gas PNG for 3 days; Cites losses from high prices

April 09, 2024
GDMA to not use Adani Gas PNG for 3 days; Cites losses from high prices

Ahmedabad: Citing losses of approximately Rs. 400 crores due to the high prices of PNG supplied by Adani Total Gas Ltd (ATGL), the Gujarat Dyestuff Manufacturers Association (GDMA) will boycott the use of Adani's PNG for three days starting from April 10th. GDMA, which comprises 350 members in the city, alleges that ATGL has failed to pass on the benefits of the decrease in international gas prices to industries. According to GDMA, despite a significant 50% drop in international gas prices ov...Read More

Agadiya Pedhis across Gujarat to suspend cash transaction from April 8

April 07, 2024
Agadiya Pedhis across Gujarat to suspend cash transaction from April 8

Ahmedabad: Due to ongoing raids and checking by the teams of the Election Commission of India (ECI) in connection with the upcoming Lok Sabha elections, the Angadiyas who transfer parcels and couriers including that containing silver, gold and cash will suspend the cash transfer from April 8. Gujarat is going for polling on May 7th. Gujarat has over 2200 Angadiya pedhi. As per an estimate they transfer 100s of crores of Rupees in cash from one place to other place. Recently such Angadiya pedhis ...Read More

Reliance Digital launches Digital Discount Days Sale

April 05, 2024
Reliance Digital launches Digital Discount Days Sale

Mumbai: Reliance Digital today announced the return of its biggest electronics sale, the ‘Digital Discount Days', promising discounts on a wide range of electronics. Customers can avail these offers at all Reliance Digital or My Jio stores. During the Digital Discount Days Sale, customers can grab up to a 10% instant discount* on leading bank cards or get up to Rs. 15,000 cashback* on consumer durable loans, coupled with discounts on their favourite electronics, until April 15, 2024. As per t...Read More

Essar Group’s GreenLine aims to deploy 5000 LNG-powered vehicles by end of FY25

April 05, 2024
Essar Group’s GreenLine aims to deploy 5000 LNG-powered vehicles by end of FY25

Ahmedabad: Industries across India are rapidly adopting LNG (Liquefied Natural Gas) transportation as a powerful solution to combat climate change. It is driven not only by environmental concerns but also by economic benefits. GreenLine Mobility Solutions Ltd., a subsidiary of Essar with a fleet of over 300 LNG-powered trucks, is working for decarbonising heavy trucking, curbing harmful emissions, enhancing ESG (Environmental, Social, and Governance) performance, and capitalising on economic ...Read More