Serum Institute plans to start vaccine production outside India: Report Poonawalla said last week that the Serum Institute would be able to raise its monthly output to 100 million doses by July

Ex-Netflix executive convicted in bribery-kickback scheme A jury on Friday found Michael Kail, a former vice president of information technology operations, guilty of wire and mail fraud and money laundering after a two-week trial

TCS appoints Samir Seksaria as CFO effective 1 May Seksaria started his career in TCS in 1999 and spent his early years in consulting assignments involving regulatory compliance and mergers and acquisitions spin-offs, among others

Marico reports 14% jump in March quarter profits, inflationary pressures prompt The magnitude and reach of the ongoing second covid wave in India remain concerning, Marico said in its earnings release

Shriram Housing Finance to foot the bill for customers' covid vaccines The lender said on Friday that it has always had a customer-first approach and has always believed and supported the well-being and welfare of its customers all through the pandemic

Facebook to roll out vaccine finder tool on mobile app in India Facebook said its tool will also show walk-in options (for 46 years and above) and a link to register on the Co-Win website and schedule vaccination appointment.

Nestle buys vitamin brands from KKR for $5.75 billion Chief Executive Officer Mark Schneider dove into the field of vitamins and supplements in his first year as CEO in 2017 with the $2.3 billion acquisition of Atrium Innovations Inc.

HSBC India pledges $10 million to support India's covid battle The bank is to provide financial support through on-ground non-profits and development agencies in India, focused specifically on front line warriors and marginalized communities at large

Uber announces cash incentives for vaccinating 150,000 drivers All drivers showing valid digital vaccination certificates will be eligible for ₹400 for each of their two shots.

Tatas firmly in the driver’s seat to acquire Air India Tata Sons has quoted a higher price than SpiceJet promoter Ajay Singh for Air India Ltd in the preliminary bidding round, according to people aware of the development

India to get 450,000 vials of remdesivir from Gilead, partner Apart from Gilead’s supply, India will also get remdesivir from Egypt-based Eva Pharma, with which Gilead had signed a voluntary licensing agreement in May last year.

Walmart, Flipkart, PhonePe to expand support for India's Covid-19 battle To help India meet its urgent need for medical-grade oxygen, Walmart businesses worldwide are working together to procure vital oxygen concentrators & other equipment, the company said.

AstraZeneca Covid vaccine generates $275 million in sales This is the first time the Anglo-Swedish drugmaker has given financial details of the distribution and sales of its vaccine, which it developed with Oxford University. .It has said it will not make a profit from the shot during the pandemic.

Motherson Sumi group restructuring gets shareholders' nod As next steps, the company will approach NCLT for second motion petition to approve the scheme.

Exide sails through Q4, but some near-term concerns persist Margin pressures remain due to cost increases and adverse mix.Lead prices have increased steeply by around 20% in the last three quarters.

IDFC First Bank cuts savings interest rate to up to 4% The private sector lender is offering an interest rate of 4% for minimum account balance of Rs2 crore to ₹10 crore, 5% for balance up to ₹2 crore and 4.5% for Rs1 lakh-Rs10 lakh.

ITC to support setting up of 200-bed covid care facility in Kolkata The government of West Bengal has permitted the use of Kishore Bharati Stadium in Kolkata to set up this medical facility

EPIC ON bets on kids content, safety The platform, which has a separate section for children, offering a mix of video-on-demand and a linear feed of the network's children's channel, Gubbare, also plans to create originals and acquire children's movies, edutainment, and gamification around quizzes for yo…

AU Small Finance Bank’s Q4 gives no comfort, second wave worries hit valuation Sequentially, operating profit plummeted 57% because core interest income didn’t grow much.Operating profit was propped up by a jump in other income

Ambuja Cements clocks strong Q1 operational performance Thanks to its continued cost saving efforts, the company clocked its best Ebitda ever and managed to beat consensus estimate by 33%

OckyPocky ties up with Quess to provide upskilling programs for blue, grey collar workforce Over the next year, these upskilling programs for Quess’s workforce and their families will be available to the workforce as part of their employee benefits program.

Embassy REIT sees near-term headwinds due to new covid wave The onset of the second wave of covid from March 2021 in India has led to occupiers again becoming cautious and holding back fresh leasing decisions and rationalizing existing office spaces, according to an ICICI Securities report

Wipro raises Q1 revenue growth guidance to 8-10% post Capco acquisition This excludes revenue from the acquisition of Ampion, an Australia-based cyber security and engineering services firm it agreed to buy for $117 million

Ford to decide on India investment plan in second half of this year Dearborn, Michigan-based Ford has tasked senior executive Steven Armstrong with evaluating investment plans for India in his new role as transformation officer, South America and India

Why Apple has chips for iPhones while many companies got caught short The contrasting results show how major players in the electronics industry, accustomed to the long time horizons of chip production, have mostly avoided major disruptions from the chip shortage

Bajaj Auto Q4 standalone revenue up 26%, but input costs weigh on profit The automaker's standalone revenue from operations rose 26% to ₹8,596.10 crore during the March quarter due to a better product mix that includes the Pulsar, KTM, Dominar and Husqvarna range of motorcycles

LIC books record high profit at Rs37,000 crore from share sales amid covid-19 During the fiscal 2021, LIC also purchased shares amounting to Rs94,000 crore, which, too, is the highest ever equity purchase by LIC in its history

Anil Agarwal pledges Rs150 crore towards covid-19 relief measures The company has set a target for the first set of facilities to be ready and commissioned within 14 days and balance facilities will be augmented within 30 days

Udaan announces ESOP buyout programme for Rs175 crore All employees, who are not serving notice period and who have vested stock as on 31 March 2021, will be eligible to participate in the programme

Bajaj Auto names Rahul Bajaj as Chairman Emeritus Niraj Bajaj, non-executive Director of the company, has been appointed as Chairman of Bajaj Auto with effect from 1 May, the company said

Bajaj Auto Q4 net profit jumps to ₹ 1,332 crore, announces dividend of ₹ 140/share The auto company's Q4 revenue comes at ₹8,596 crore.

Airtel appoints Olusegun Ogunsanya as MD, CEO of Africa unit Before Airtel Africa, Ogunsanya held senior managerial roles at beverage maker Coca-Cola in Ghana, Nigeria and Kenya

Vedanta to donate ₹ 150 cr to help India fight against coronavirus Vedanta has promised to create an additional capacity of 1,000 critical care beds in 10 cities across the country amid Covid-19 crisis.

HUL reports 41% jump in March quarter profit Profit in the three months ended 31 March 2021, rose to Rs2,143 crore from Rs1,519 crore it reported a year earlier, exceeding street estimates

HUL Q4 profit jumps to ₹ 2,143 crore, announces dividend of ₹ 17 per share HUL's margins came in at 25% while is turnover jumped 34%.The recent surge in COVID cases is of serious concern, said Sanjiv Mehta, chairman and managing director of HUL

Jio’s Q4 revenue, Arpu may fall; subscriber addition saw a pickup The Mukesh Ambani-led telecom operator had clocked an Arpu of Rs151 during October-December, up from Rs145 a quarter ago

Goldman Sachs pledges additional $10 million to support India's covid situation The funding is meant to be utilized for supporting front line health facilities that are leading the fight against covid-19 in cities such as Bengaluru, Hyderabad, Mumbai and New Delhi

Covid second wave to have bigger impact on leveraged businesses: Ajay Tyagi As markets consolidate and the fear of a big correction wanes, investors will come back, and flows should start to turn positive, says Tyagi

CPPIB, Capital Group among top anchor investors in PowerGrid InvIT PowerGrid InvIT has raised nearly Rs3,480 crore from anchor investors ahead of its public issue, which opened on Thursday

Tatas acquisition of BigBasket gets CCI nod SGS is into B2B (Business to Business) sales through the portal business.bigbasket.com.

How much Google is saving a year as employees work from home Google is known for employee perks such as massage tables, catered cuisine and corporate retreats, which have influenced much of Silicon Valley work culture

Apple profit soars in latest quarter on higher iPhone sales Profits came to $23.6 billion, or $1.40 per share, while revenue climbed 54% to $89.6 billion in the fiscal second quarter.The iPhone, Apple’s crown jewel, hadn’t sold quite as well as usual over the past few years

Google is saving over $1 billion a year by working from home Google is notorious for perks such as massage tables, catered cuisine and corporate retreats, which have influenced much of Silicon Valley work culture

Ford sees $2.5 billion chip shortage cost, lowers outlook Ford expects a $2.5 billion hit to earnings due to scarce chip supplies, which it previously characterized as a worst case scenario

Amazon to raise pay for more than 5 lakh workers The online shopping giant, which already pays new hires at least $15 an hour, said it will start increasing pay between 50 cents an hour to $3 an hour starting next month

Byju’s to become India’s most-valuable startup after $150 million UBS funding Byju’s recently raised about $1 billion from Facebook Inc. co-founder Eduardo Saverin’s B Capital Group as well as Baron Funds and XN

Uber to sign up 20,000 more UK drivers as Covid rules ease The Silicon Valley-based firm has already seen a more than 50% increase in trips after restaurants were allowed to reopen for outdoor dining from April 12 in England

Facebook reports soaring quarterly ad revenue, stock jumps CEO Mark Zuckerberg said the extra money means the company will invest more in new areas of potential growth.Facebook is expanding its e-commerce offerings and the use of its messaging services for businesses

Bajaj Finserv shares climb 4% as Q4 profit jumps Bajaj Finserv Ltd (BFL) on Wednesday reported an over four-fold jump in its consolidated net profit to ₹979 crore for the fourth quarter ended in March 2021, driven by its insurance business