Billionaire Mukesh Ambani’s Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years.
It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report.
Texas Instruments on Saturday announced setting up of 86 critical care beds in a modular ICU unit at the Rajiv Gandhi Institute of Chest Diseases in Bengaluru.
Given as part of the Corporate Social Responsibility (CSR) initiative, the ICU unit will come up at an investment of Rs 3 crore and will be ready in 3-4 weeks.
Tzar Labs, a molecular diagnostic company in coordination with the Mumbai-based Epigeneres Biotechnology, has claimed to have developed a breakthrough blood test for early prognosis/diagnosis of cancer.
Bengaluru-based Give India Foundation has come forward to donate 2,000 oxygen concentrators and the first batch of 80 concentrators was handed over to GKVK Covid Care Centre on Saturday.
Hospital coming up
A 250-bed COVID hospital will be set up in Yelahanka region immediately by Boeing company, manufacturers of Boeing jets, and the work has already been initiated. Boeing was also willing to set up another 250-bed COVID hospital in the same region.
An Indian expat at a UAE-based free zone firm has set aside producing Compressed Natural Gas (CNG) cylinders and shifted to manufacturing oxygen containers for India to help out the Covid patients in the country.
Speaking to Gulf News, Pushkar Khurana, Managing Director of the company EKC International FZE, said, “We are an Indian subsidiary and as soon as we came to know about the oxygen cylinder shortage in India, we had to rise to the call of our nation and serve the needs of our country.”
K.N. Kutty, sales manager of the company, a subsidiary of Everest Kanto Cylinder Limited in India, said the UAE unit has been producing CNG cylinders for Natural Gas Vehicles (NGV) as well as industrial cylinders since 2002.
Stellantis India and Asia Pacific has announced key leadership appointments for operations in the region. Roland Bouchara has been appointed to the role of CEO and managing director for Stellantis in India, while Dr Partha Datta has assumed responsibility for engineering, design, R&D operations across the India and Asia Pacific region.
Bouchara, who had headed Citroen’s India operations as senior vice president of sales and marketing since 2017, will take full responsibility for the Jeep and Citroen brands, and for the Group’s manufacturing operations in the country.
The Global Task Force on Pandemic Response, whose steering committee members include Julie Sweet, CEO, Accenture; Andy Jassy, CEO, Amazon; Tim Cook, CEO, Apple; Brian Moynihan, Chairman of the Board and CEO, Bank of America; Raj Subramaniam, president FedEx; and Arvind Krishna, Chairman and CEO, IBM; also announced creation of Chief Human Resources Officer (CHRO) India Action Group to provide ideas and practical information to CHROs to help their people in India.
Solving three problems at once, Odisha startup Nexus Power uses crop remnants to create bio-organic, fast-charging batteries for electric vehicles.
An old Biochemistry book from their grandfather’s library was the inspiration for Odisha-born sisters Nikita and Nishita Baliarsingh to create an electric vehicle (EV) battery from crop residue.
Odisha
Drugmaker Natco Pharma has received emergency use approval for Baricitinib tablets, 1 mg, 2 mg and 4 mg strengths, from Central Drugs Standard Control Organisation (CDSCO) in India.
The approval of antibody cocktail of Casirivimab and Imdevimab in India was based on the data filed for the EUA in the US, and the scientific opinion of the CHMP in the European Union.