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Scrap shredding plant Source: Mahindra. The group is setting up India's first scrap shredding plant in venture with MSTC. Mahindra Inter Trade Limited and MSTC Ltd are jointly setting up a 100,000 tonne a year auto-shredding plant, the first in the...

Stressed industries RBI notes stress on balance sheets. In its recent Financial Stability Report, the Reserve Bank of India (RBI) noted continued stress on banks’ balance sheets but expects improved macro stability to provide some relief going forward. Banks’ gross...

Fortunes of small and medium enterprises BSE boost fortunes of Indian SMEs India's 127 small and medium enterprises (SMEs) have raised Rs936.85 crores from the market through the Bombay Stock Exchange (BSE) SME platform. Total market capitalization of 127 companies, as on...

Indian expertise includes hi-tech machinery as this one from Wilson Engineering Works of Chennai. Faced with challenging times of a severe slowdown in the global markets, the Indian engineering exporters are going all-out for a hard-sell in the Middle East...

The Baxter International Foundation launched Sisu Janani Seva, also known as “mHealth,” which is a mobile application that enables staff to better monitor the health status of underprivileged women, during and post pregnancy, and the immunization of children ages two...

Dr. Reddy’s Laboratories Ltd reported consolidated revenues at Rs. 39.7 billion, year-on-year growth of 3%, for the quarter ended December 31, 2015. Growth is driven by healthy performance in North America, Europe and India; partially offset by Emerging markets, which...

Hyderabad-based Dr. Reddy’s Laboratories Ltd reported a second quarter consolidated revenue of Rs39.9 billion, up 11 per cent on the year. Profit after tax was Rs. 7.2 billion for the quarter ended September 30, 2015, strong year-on-year growth of 26%,...

Portea Medical, India’s leading home healthcare company, has received US$37.5 million in Series B funding led by Accel. International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures and Ventureast also participated in this round. Portea will...

Visterra, Inc., and Serum Institute of India Ltd (SIIL) have entered into a license agreement for the development, manufacture and commercialization of VIS513 in the Indian subcontinent countries. VIS513 is Visterra’s humanized monoclonal antibody that was designed to bind and...

Taking forward its very fruitful association with Manchester United Football Club, leading tyre maker, India’s Apollo Tyres has announced the extension of this association to the whole of Africa, Malaysia, Vietnam, Philippines, Singapore, Cambodia, Laos, Myanmar and Brunei. This is...