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IBM India to impart digital skill to 12,000 girl students in Nagaland

IBM India to impart digital skill to 12,000 girl students in Nagaland

IBM India announced a collaboration with the Nagaland School Education department to introduce digital powered training in more than 250 secondary and higher secondary schools across 15 districts in the northeastern state.

The programme IBM Stem (Science, Technology, Engineering and Math) for Girls programme aims to provide 21st-century skills to more than 12,000 girls, a statement said on Thursday.

Alembic Pharma targets 10-12 product filings from Karkhadi facility

Alembic Pharma targets 10-12 product filings from Karkhadi facility

Vadodara based drug maker Alembic Pharmaceuticals is now running exhibit batches at its Karkhadi facility (F3) to keep the plant alive and humming, while it awaits a final go-ahead from the US drug regulator.

“This way, once the plant is cleared by the US Food and Drug Administration (USFDA) we will be able to file applications for double the number of products than we would have usually.

Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses

Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses

Bharti Airtel has prepaid Rs 8,815 crore of spectrum dues to cut down on interest expenses.

The dues pertained to spectrum acquired in 2015 and payments for same were due in FY2027 and FY2028, the telecom company announced on Friday.

This is the second such prepayment by the company in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates.

Food robotics company Mukunda raises $8 mn in round led by Zomato

Food robotics company Mukunda raises $8 mn in round led by Zomato

Food robotics company Mukunda Foods has raised $8 million in a funding round led by Zomato, taking the company's post-money valuation to $30 million. Zomato invested $5 million as part of the funding round.

The company had previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. The company plans to utilise funds to expand its reach across QSRs, cloud kitchens and the fine dine segment. The company also plans to use a part of the raised capital to introduce services to help the F&B businesses scale.

The stock of this specialty chemicals has zoomed 51% in one month

The stock of this specialty chemicals has zoomed 51% in one month

Shares of Shree Pushkar Chemicals & Fertilisers hit a 52-week high of Rs 301.10, on rallying 11 per cent on the BSE in Thursday’s intra-day trade in an otherwise choppy market on expectations of strong earnings. The company is an integrated dye manufacturing solution company with a diversified product portfolio of dyestuffs, dye intermediates, acids, fertilisers and animal feed additives.

In the past one month, the stock has zoomed 51 per cent as compared to a 5 per cent gain on the S&P BSE Sensex. The stock had hit a record high of Rs 338 on January 10, 2018.

Hijab ban: SC refuses urgent hearing on pleas against Karnataka HC verdict

Hijab ban: SC refuses urgent hearing on pleas against Karnataka HC verdict

The Supreme Court on Thursday refused to accord urgent hearing on the pleas challenging the Karnataka High Court verdict which dismissed the petitions seeking permission to wear hijab inside the classroom and stated that the headscarf is not a part of the essential religious practice in Islam.

A bench comprising Chief Justice N V Ramana and Justice Krishna Murari denied the request of senior advocate Devadatt Kamat who mentioned the matter seeking urgent listing saying that examinations are going on.

India reports 1,938 Covid-19 infections in 24 hrs; active cases at 22,427

India reports 1,938 Covid-19 infections in 24 hrs; active cases at 22,427

With 1,938 new coronavirus infections being reported in a day, India's total tally of cases rose to 4,30,14,687, while the active cases further declined to 22,427, according to Union health ministry data updated on Thursday.

The death toll has climbed to 5,16,672 with 67 daily fatalities, the data updated at 8 am stated.

Suven Pharma gains 5% to hit record high; stock rallies 18% in three days

Suven Pharma gains 5% to hit record high; stock rallies 18% in three days

Shares of Suven Pharmaceuticals hit a record high of Rs 617 on rallying 5 per cent on the BSE in Thursday’s intra-day trade in otherwise subdued market. In comparison, at 10:41 am, the S&P BSE Sensex was down 0.13 per cent at 57,608 points. The shares of the company have surged 18 per cent in the last three days on expectations of strong earnings.

In the past three months, Suven Pharma has outperformed the market by soaring 30 per cent, as against less than a per cent rise in the Sensex benchmark index.

5-day rally halts! L&T Finance down 7% on profit-taking post L&T stake hike

5-day rally halts! L&T Finance down 7% on profit-taking post L&T stake hike

Shares of L&T Finance Holdings dipped 7 per cent to Rs 82.65 on the BSE in Thursday’s intra-day amid heavy volume on profit booking. At 09:52 am; the stock was down 5 per cent at Rs 84.25, as compared to a 0.09 per cent decline on the S&P BSE Sensex. A combined 33 million equity shares changed hands in the first 35 minutes of trade on the NSE and BSE.

In the past five trading sessions, the stock of L&T Group zoomed 37 per cent after its promoter Larsen & Toubro (L&T) purchased 55.75 million equity shares representing 2.3 per cent stake of L&T Finance Holding via open market purchases.

Nelco freezes at 5% upper circuit on strategic pact with Omnispace

Nelco freezes at 5% upper circuit on strategic pact with Omnispace

Shares of Nelco were locked in the 5 per cent upper circuit band at Rs 678.60 on the BSE on Thursday after the Tata Group company and Omnispace announced a strategic cooperation agreement to enable and distribute 5G non-terrestrial network (NTN), direct-to-device satellite services.

"The collaborative effort will expand the reach of 5G using satellite communication throughout India and South Asia. This agreement with Omnispace allows Nelco to expand its services by including 5G satellite direct-to-device connectivity solutions to its portfolio of satcom services for serving existing and new customers across South Asia, using the world’s first global 5G NTN network," the company said in press release.

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