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Sirona eyes Rs 100-cr revenue in FY23, to expand its product range

Sirona Hygiene aims to log a revenue of Rs 100 crore in FY23 as it expands its product range and ramps up presence in offline retail channels in the country. The feminine hygiene product company, which is working towards increasing dialogue around feminine health and hygiene often considered taboo topics is also looking at raising fresh funding in the coming months.

Toyota Kirloskar reports 1% increase in October domestic wholesales

Toyota Kirloskar Motor (TKM) on Sunday reported a 1 per cent increase in domestic wholesales at 12,440 units in October as compared to the year-ago period. The company had dispatched 12,373 units in the domestic market same month last year, TKM said in a statement. "Demand in the market has been robust in the last few months and this can be attributed to various factors besides pent up demand. Customer orders too have been on a constant rise, restoring normalcy in demand trends when compared to pre-Covid times," TKM Associate General Manager(AGM) (Sales and Strategic Marketing) V Wiseline Sigamani noted.

NTPC places order for 9.3 lakh tonne biomass pellets for co-firing

State-owned power giant NTPC has placed an order of 9,30,000 tonnes of biomass pellets for co-firing in power plants that will help improve air quality, said the power ministry. Besides, Haryana, Punjab and Uttar Pradesh are procuring 13,01,000 tonnes of biomass pellets for co-firing in their power plants, the power ministry said in a statement issued on Sunday. Power Secretary Alok Kumar had taken review meeting on the status of biomass co-firing in the thermal power plants on October 28

Insurance companies apply big in Policy Bazaar's Rs 5,600 crore IPO

Insurance companies have emerged as the big bidders for shares of PB Fintech, the company that operates Policy Bazaar and Paisa Bazaar portals. ICICI Prudential Life, Max Life, Niva Bupa, Bajaj Life and HDFC Life are among insurance companies that have got allotment in the anchor category ahead of PB Fintech’s Rs 5,600-crore IPO, which opens on Monday. Some other funds that have got allotment in the anchor category are New World, Baillie Gifford, Fidelity and Abu Dhabi Invesment Authority. A total of 26.2 million shares have been allocated to over 150 funds at Rs 980 per share, disclosure made to stock exchanges show. Total allotment in the anchor category is for shares worth Rs 2,570 crore

DLF to launch projects in medium term with sales of about Rs 40,000 crore

Bullish on demand for residential and commercial properties, Realty major DLF Ltd has identified a robust pipeline of new projects and will launch 35 million square feet area in medium term with a sales potential of around Rs 40,000 crore. In an analyst presentation, DLF mentioned that nearly 8 million square feet will be launched during the second half of the current fiscal.

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