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Accenture's growth outlook augurs well for Indian IT services players

Accenture's growth outlook augurs well for Indian IT services players

Accenture’s Q1 FY22 results have sent a wave of cheer among analysts, as the company raised its revenue guidance and said it expects double-digit growth in outsourcing, up from single digit to low double-digit growth expected earlier.

Accenture’s financial year ends on August 31.

The company raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier.

Cipla receives USFDA nod to market Lanreotide injection in US market

Cipla receives USFDA nod to market Lanreotide injection in US market

Drug major Cipla on Sunday said it has received approval from the US health regulator to market the Lanreotide injection, used for the treatment of acromegaly and gastroenteropancreatic neuroendocrine tumors, in the American market.

The company said it has received final approval for Lanreotide Injection from the US Food and Drug Administration (USFDA).

ONGC scripts turnaround of subsidiaries, OPaL reports first profit

ONGC scripts turnaround of subsidiaries, OPaL reports first profit

India's top oil and gas producer ONGC has scripted a sharp turnaround in fortunes of its subsidiaries with its petrochemical unit reporting its first ever profit, a top official said.

ONGC Petro additions Ltd (OPaL), the venture ONGC floated for downward integration and expansion into petrochemical field by utilizing its naphtha stream from Hazira and Uran and C2+ components from imported LNG, has been steadily seeing operational profit or EBITDA improvement since 2016-17 but the lopsided capital structure with high-debt servicing cost and high depreciation during the initial period of capitalisation led to incurring net losses.

Tata Realty and Infrastructure looks to launch REIT after 2-3 years

Tata Realty and Infrastructure looks to launch REIT after 2-3 years

Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets.

In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Sanjay Dutt said the company has 7 million square feet of rental commercial portfolio, almost all are office assets, and it is making huge investments on expansion.

Ban on construction, demolition in Delhi-NCR stays as schools reopen

Ban on construction, demolition in Delhi-NCR stays as schools reopen

Stating that keeping in view the current air quality in Delhi-NCR, there is a need to exercise control on various sectors that significantly contribute to air pollution, the Commission for Air Quality Management in Delhi NCR, and Adjoining Areas (CAQM) has continued its ban on the construction and demolition (C&D) activities.

Taking into consideration different studies that clearly show that C&D sites are a major contributor of air pollution across the NCR, the Commission if of the view that except for some exemptions, C&D activities should not be allowed in the NCR till further orders, a release from the Environment, Forests and Climate Change Ministry said.

CBI files fresh case against 25 in West Bengal post-poll violence

CBI files fresh case against 25 in West Bengal post-poll violence

The Central Bureau of Investigation (CBI) said on Friday that it has registered one more case against 25 persons in connection with the post-poll violence in West Bengal.

A CBI official said that the agency lodged the case following an order issued by the Calcutta High Court.

The accused persons, who were reportedly carrying deadly weapons, had attacked the house of a man in Jatra village in Birbhum district.

Twin Health expands its operations in India; appoints Prabh Singh as CEO

Twin Health expands its operations in India; appoints Prabh Singh as CEO

Twin Health, makers of the Whole-Body Digital Twin™ technology, today announced the appointment of Prabh Singh as the CEO for its India operations. Founded in 2018, Twin Health invented the Whole-Body Digital Twin™ to reverse and prevent chronic metabolic diseases like Type 2 Diabetes, while improving energy and physical health. The health tech firm had recently raised $155 million Series C funding to scale its presence in India and the U.S.

Prabh Singh will head the India operations for strategy, marketing, regulatory, public policy, go-to-market, product, and technology divisions.

Sachin Tendulkar becomes 3rd most admired sportsperson in the world

Sachin Tendulkar becomes 3rd most admired sportsperson in the world

Former India captain Sachin Tendulkar has become the third most admired sportsperson in the world.

Current India Test captain Virat Kohli is the fourth most admired sportsperson in the world, reported Goal.com.

The top two spots are taken by football stars Cristiano Ronaldo and Lionel Messi.

Urgent need to scale-up public health, social measures: WHO on Omicron

Urgent need to scale-up public health, social measures: WHO on Omicron

With seven countries in the South-East Asia Region confirming cases of new COVID-19 variant Omicron, the World Health Organization on Saturday stressed on urgent scale-up of public health and social measures to curtail its further spread.

Countries can and must prevent the spread of Omicron with proven health and social measures, Regional Director, WHO South-East Asia Region, Poonam Khetrapal Singh said.

RateGain Travel Technologies' debut trade ends at 20% discount

RateGain Travel Technologies' debut trade ends at 20% discount

The shares of RateGain Travel Technologies made a weak debut on the bourses on Friday. The stock listed at Rs 360, a 15 per cent discount to its issue price. It ended the session at Rs 337.55, a 20.5 per cent discount to its issue price.

After listing, the company commands a market capitalisation of Rs 3,603 crore.

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