Reddy's Laboratories on Thursday said its subsidiary has inked a pact with US-based Olema Pharmaceuticals Inc to research, develop and commercialise novel small molecule inhibitors of an undisclosed oncology target. Olema and Aurigene Discovery Technologies, a wholly-owned unit of Dr Reddy's Laboratories, have inked an exclusive global licence agreement in this regard. Under the terms [...]
Farm machinery and construction equipment maker Escorts on Thursday said it has received requisite approvals for changing its name to Escorts Kubota Ltd. The name change comes in the wake of Japan's Kubota Corporation increasing its stake in Escorts to 44.8 per cent by subscribing to new equity shares and through an open offer to [...]
The Competition Commission of India (CCI) on Thursday slapped penalties of nearly Rs 30 lakh on seven entities, including individuals, for indulging in manipulation in the bidding process and cartelisation in the tenders floated by the Indian railways. The CCI found that seven entities have violated competition norms. Out of 7 entities, the fair trade [...]
Global full-stack content platform Pepper Content on Thursday said it has raised USD 14.3 million (Rs 110 crore) in its Series A funding round led by Bessemer Venture Partners. The round also saw the participation from Tanglin Venture Partners, Lightspeed, Titan Capital, and seasoned global operators like Gokul Rajaram, Ritesh Agarwal, Abhinav Sinha, Ankur Nagpal, [...]
The Enforcement Directorate has attached a Cessna jet worth about Rs 31 crore under the anti-money laundering law as part of its probe against former CMD of Bhushan Power and Steel Limited (BPSL) Sanjay Singal and others in connection with alleged bank loan fraud, officials said on Thursday. The aircraft, a Cessna 525 A CJ [...]
Sebi has let off Tata Motors Ltd with a warning to be "more careful" in its future dealings in the securities market, saying any adverse orders passed against the company at this stage may not practically serve any purpose for the events accrued over 18 years ago. Apart from Tata Motors Ltd (TML), the market [...]
Export of tea during the last fiscal FY22 declined marginally to 200.79 million kilograms as compared to 203.79 million kilograms in the previous financial year, according to Tea Board data. Offtake by the CIS countries, the largest importer of Indian tea, fell to 42.48 million kilograms in the last fiscal, as against 49.08 million kilograms [...]
A total of 25 people have been convicted by courts in the country for the offence of money laundering while more than 400 arrests have been made since the ED was empowered to investigate serious financial crimes about 17 years back. According to official data accessed by PTI, the Enforcement Directorate (ED) has filed as [...]
Sebi on Thursday barred one person from the capital markets for six months and imposed a penalty of Rs 12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies. Apart from these, the regulator has directed the person -- Arvind Mehrotra -- to disgorge loss avoided to [...]
Jio-bp - the fuel retailing joint venture between Reliance Industries and supermajor bp - will set up EV charging and battery swapping stations at properties of real estate developer Omaxe in 12 cities as it looks to take mobility solutions to doorstep of users. In a statement to media, the firms said Omaxe will be [...]
