Speaking to CNBC-TV18, Ravi Chawla, MD and CEO of Gulf Oil Lubricants said that it has taken all the required price increases and expects to maintain margins between 15-16 percent.

Anu Sharma reports that the project cost is about Rs 1640 crore and the shortlisted bidders include marquee names like Godrej Properties, Kalpataru Power, Oberoi Realty, GMR Enterprises, Adani Railways Transport among others.

The induction of Aditya Puri on the board and acquisition of Medlife is in the run-up to IPO preparation. The former head of HDFC bank has been in demand in the corporate world, and will join the board of PNB Housing Finance as an investor nominee, while Strides Group’s Stelis Biopharma announced his appointment as a chairman of the board.

Siemens’ MD and CEO Sunil Mathur says the short-cycle business has not witnessed any major impact due to the COVID-19 pandemic and that demand saw an upward trend starting January.