UltraTech Cement, Tata Motors and Gufic Biosciences to see some action today

UltraTech Cement has been declared as the preferred bidder for a limestone block in an e-auction conducted by the Karnataka government. The block is situated in Tehsil Chittapur of Kalburgi district in Karnataka. This is adjacent to UltraTech''s Rajashree unit and has total cement grade geological resources of 530 million tonnes of limestone over an area of 7.86 sq km.

Tata Motors is looking to ramp up the production of electric vehicles as demand continues to outpace the manufacturing activity by a huge margin. The Mumbai-based automaker, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 bookings in the past two months for its EV range.

Gufic Biosciences has received permission from Central Licensing Approving Authority, Central Drugs Standard Control Organisation (CDSCO), Ministry of Health and Family Welfare for manufacture, sale and distribution of Isavuconazonium Sulfate API and finished formulation Isavuconazole for Injection 200 mg/vial. Isavuconazole for Injection 200 mg/vial is indicated for the treatment of patients having 18 years of age and older for the treatment of Invasive Aspergillosis and Invasive Mucormycosis.

Abbott India has launched Arachitol Gummies in India, a dietary supplement that helps maintain required levels of Vitamin D sustainably. Launched in orange fruit flavour, the gummies are approved as health supplements by the Food Safety and Standards Authority in India.

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena, has signed strategic partnership with Hanoi-headquartered VPBank to provide a fully-integrated, Cash & Payments Management platform to enhance corporate and SME customer’s experience and operational efficiency. For Intellect, this deal marks the tenth key digital banking transformation deal in Vietnam.

Ruchi Soya Industries’ board has accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with the Patanjali Ayurved’s food portfolio in any manner on an arm's length basis. The company has developed 57,000 hectares of area under oil palm and the plan is to expand significantly in southern and northeastern regions of the country. The board has also decided to change the name of the company to Patanjali Foods or any other name as may be made available by Registrar of Companies.

Tata Consultancy Services (TCS) has reported results for fourth quarter March 31, 2022. The company has reported a rise of 19.83% in its net profit at Rs 9,795 crore for the quarter under review as compared to Rs 8,174 crore for the same quarter in the previous year. Total income of the company increased by 20.50% at Rs 44,440 crore for Q4FY22 as compared Rs 36,881 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 7.29% in its net profit at Rs 9,959 crore for the quarter under review as compared to Rs 9,282 crore for the same quarter in the previous year. Total income of the company increased by 15.54% at Rs 51,572 crore for Q4FY22 as compared Rs 44,636 crore for the corresponding quarter previous year.