Business - The Purbottar

12 Nov

India’s Zydus Life reports increase in second-quarter profit on steady U.S. demand

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Nov 12 (Reuters) - Indian drugmaker Zydus Lifesciences (ZYDU.NS), opens new tabon Tuesday reported a 14% rose in second-quarter profit, helped by strong demand for generic drugs in its key United States and Indian markets.The company's consolidated net profit rose to 9.11 billion rupees ($107.93 million), in line with analysts' average estimate of 9.13 billion rupees, according to data compiled by LSEG.Its total revenue rose 20% to 52.37 billion rupees, boosted by a nearly 30% rise in its U.S. market and a 10% inflation in its India business. These two markets contribute about 85% of Zydus Life's total revenue.For more…

12 Nov

Bhanzu secures $16.5M in series B to boost global math education expansion

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Bhanzu, India’s leading math-learning platform founded by Neelakantha Bhanu, the World’s Fastest Human Calculator, has successfully raised $16.5 million in a Series B funding round led by Epiq Capital, with contributions from Z3 Ventures, Eight Roads, and Lightspeed Ventures. The new investment aims to propel Bhanzu’s ambitious plan to reach 100 million students worldwide, with expansion efforts targeting the U.S., U.K., and Middle East. Bhanzu’s innovative approach, which combines real-life applications and adaptive AI-driven learning, has been widely embraced by Indian parents and students. The platform’s interactive courses have spurred an 8X growth since its last funding round, alongside a…

11 Nov

Tata Motors shares increase 3% as brokerage firms remain bullish despite a slowdown in the second quarter

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India's largest electric vehicle manufacturer Tata Motors has made a strong debut in the stock markets. The company's shares rose 3 percent to Rs 829. Although the company's shares remained weak in the second quarter, it was completely below experts' estimates. The company's net profit fell 11 percent to Rs 3,343 crore compared to the same quarter last year. This was due to weak performance in the Jaguar Land Rover (JLR) unit and the commercial vehicle segment. Apart from this, Tata Motors made a cautious comment. The statement said, "We are cautious about domestic demand in the near future." However,…

11 Nov

Apollo Cancer Conclave 2024 pioneers future of cancer care with global expertise and precision oncology

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The 7th edition of the Apollo Cancer Conclave, held from November 8th to 10th at the Jio World Convention Centre, Mumbai, marked a transformative moment in the field of oncology. Over 2,000 oncologists from across India and 450 international speakers gathered to discuss the latest advancements in cancer care. The conclave focused on integrating contemporary treatment practices with precision oncology, offering a platform for over 100 sessions and interactive workshops on organ-specific oncology and innovative cancer treatments. As India’s cancer burden is projected to double by 2050, the conclave stressed the importance of prevention and the evolving role of technology…

11 Nov

Guwahati hosts seminar on best practices for transformer repair and maintenance

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A seminar-cum-workshop on the Code of Practices for Distribution Transformer (DT) Repair, Operation, and Maintenance was successfully conducted at Vivanta Guwahati, attracting key stakeholders from the power sector. The event, hosted by the International Copper Association India (ICAI) in collaboration with the Indian Transformer Manufacturers Association (ITMA), provided valuable insights for engineers and professionals working in the transformer industry. It was supported by the Central Electricity Authority (CEA) and the Bureau of Indian Standards (BIS). In his address, Shri Syedain Abbasi, IAS, Chairman of Assam Power Distribution Company Limited (APDCL), emphasized the importance of following the newly established standards on…

11 Nov

Apollo Cancer Conclave 2024: A major step towards advancing global cancer care

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The 7th edition of the Apollo Cancer Conclave, held from November 8th to 10th, brought together over 2,000 oncologists and 400 experts from across the globe to discuss groundbreaking advancements in cancer care. Organized by Apollo Cancer Centres in Mumbai, the event focused on evolving treatments, precision oncology, and cutting-edge technology in cancer management. The Conclave featured over 100 sessions across seven organ-specific scientific tracks, including insights into breast, gynecology, gastrointestinal, and hematological cancers. Experts like Dr. Elisabete Weiderpass from the WHO emphasized the rising global cancer burden, predicting a sharp increase in cases, particularly in low- and middle-income countries.…

11 Nov

NSDC and TCS iON join forces to bridge employability gap in India

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In a landmark move to address the growing employability gap in India, the National Skill Development Corporation (NSDC) and TCS iON have signed a memorandum of understanding (MoU) to launch the National Proficiency Tests (NPTs). This collaboration aims to provide industry-recognized certifications to enhance skills and improve job prospects for youth across the nation. The NPTs, powered by TCS iON, will serve as a nationwide platform for students, job seekers, and professionals to validate their skills in diverse sectors such as IT, BFSI, Manufacturing, Healthcare, and more. These assessments, conducted monthly, will include a unique two-part test: Test of Knowledge…

11 Nov

ICICI Foundation enhances healthcare access for over 9,100 patients in Northeast India

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ICICI Foundation, the Corporate Social Responsibility (CSR) arm of ICICI Bank, has made strides in healthcare support for India’s northeastern states, benefiting over 9,100 patients since 2023. By delivering essential medical infrastructure and equipment, the foundation aims to improve healthcare quality and accessibility across Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura. Focusing on critical areas such as tuberculosis (TB) treatment, cancer care, and dialysis services, ICICI Foundation has supplied over 60 medical devices, including video bronchoscopes, ultrasound machines, dialysis units, and endoscopes. The foundation has also provided blood collection vehicles, mobile medical units, and ambulances to enhance…

09 Nov

HIVE Digital shares gain 11% as bitcoin holdings rise

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Shares of cryptocurrency mining company HIVE Digital have surged 11% following its October production report reflecting a substantial year-over-year jump in bitcoin holdings.In its latest report, HIVE Digital announced that it mined 117 Bitcoin in October, marking a 1% increase month-over-month. The firm's HODL portfolio has grown to 2,624 BTC, an increase of 51% over the past year. Frank Holmes, executive chairman of HIVE Digital, attributed this growth to the firm's "prudent capital management," which allowed the company to maintain a strong portfolio while covering operating costs.HIVE Digital also shared a positive outlook on the recent US election results, hoping…

09 Nov

NSDC Hosts Kaushal Mahotsav in Bharatpur to Boost Youth Employment and Skill Development

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The National Skill Development Corporation (NSDC), in partnership with the Ministry of Skill Development and Entrepreneurship (MSDE), is set to host a mega job fair, Kaushal Mahotsav, in Bharatpur on November 19. The fair, announced by Bharatpur MLA Shri Subhash Garg, aims to provide career-launching opportunities, with over 11,000 vacancies in sectors like IT, hospitality, healthcare, and manufacturing. Highlighting the event’s objectives, Shri Garg emphasized that “skilling and entrepreneurship” are crucial to addressing India’s employment needs. The Kaushal Mahotsav, a pilot project involving local Gram Panchayats, offers both urban and rural youth soft skills training essential for excelling in today’s…