Steel Authority of India Ltd (SAIL) Chairman and Managing Director Amarendu Prakash has resigned from his post, effective April 2, following approval from the steel ministry, a regulatory filing said.…
Category: Companies
Fire at Sundaram Brake Linings’ Virudhunagar plant; no casualties, ₹2.66-crore damage
A fire broke out at Sundaram Brake Linings Limited’s Plant II in Kariapatti, Virudhunagar district, Tamil Nadu, at around 5:25 am on Thursday, temporarily impacting operations. The company said the…
Hard luggage, soft sales: Why your parents’ favourite suitcase brand is falling behind
When the covid-19 pandemic’s first wave hit India early in 2020, locking people at home, no one expected it to last long. But it did. Two suitcase makers from Mumbai,…
STT Data Centres expands power purchases partnership with Clean Max Enviro Energy
STT Global Data Centres (STT GDC) has expanded its Power Purchase Agreements with Clean Max Enviro Energy Solutions Limited. The new agreement includes an additional 21 Megawatt Peak(MWp) of…
LCA Tejas fleet likely to resume flying by next week, says HAL Chairman
The Light Combat Aircraft (LCA) Tejas fleet is expected to resume flying by Wednesday after being grounded for some time following a crash linked to issues in the braking system,…
Mint Explainer | Can this startup make 10-minute delivery finally work?
Food delivery majors Swiggy and Zomato have both scaled back their bets on 10-minute food delivery after struggling to make the economics work. The model promised speed, but struggled to…
Lupin completes acquisition of VISUfarma to boost European eye care portfolio
Lupin Ltd. has completed the acquisition of VISUfarma B.V, a European pharmaceutical company focused on ophthalmology, the company said in an exchange filing on Thursday. Lupin said the acquisition is…
Agilent Technologies “in country, for country” strategy helps mitigate supply disruptions
The strategy to have “in-country, for country” manufacturing and diversified supply chains, has helped Agilent Technologies Inc, said an executive with the US-based scientific tools company, at a time transnational…
West Asia’s escalating crisis begins to stall capital flows into India-focused VC funds
Escalating tensions in West Asia are starting to delay fresh capital commitments into India-focused venture funds, with investors adopting a wait-and-watch approach, experts told Mint. At least one early-stage venture…
Stolen Renoir, Cézanne and Matisse were probably uninsured, market sources say
By Jemima Denham and George Abbott April 2 – Three paintings by French masters Pierre-Auguste Renoir, Paul Cézanne and Henri Matisse stolen from a museum in northern Italy last week…