On Wednesday, Biocon announced that its subsidiary Biocon Biologics had finished integrating the North American biosimilars business it had purchased from Viatris with effect from September 1, 2023. Biocon said in a regulatory filing that Since the acquisition agreement closed in November 2022, Biocon Biologics has executed a robust integration plan to ensure a seamless [...]
On Wednesday Electric two-wheeler maker Ather Energy said that the company has raised Rs 900 crore from existing shareholders Hero MotoCorp and GIC through a rights issue. Ather Energy said in statement that the firm intends to use the cash for the introduction of new products as well as the growth of its retail network [...]
ABB India, an automation business, and Tata Steel have teamed up to develop technology that would lessen the carbon impact of steel production. In its Indian operations, the steelmaker has set a medium-term goal to cut carbon emissions to under two tonnes of CO2 per tonne of crude steel by 2025, according to a statement [...]
On Wednesday Apollo Hospitals said it has expanded its partnership with Google Cloud for its digital platform, Apollo 24/7. With telemedicine services, online doctor consultations, home drug delivery, and better clinician decision-making, Apollo 24/7, which was built entirely on Google Cloud, seeks to provide Indians with an omnichannel healthcare experience. "Generative AI has the transformative [...]
Suzuki Motor Corporation on Wednesday said it has inked a pact with National Dairy Development Board (NDDB), and Gujarat-based Banas Dairy to set up four biogas plants in Gujarat with an investment of around Rs 230 crore. The three-party agreement between Suzuki R&D Center India, a wholly- owned subsidiary of Suzuki, NDDB and Banas Dairy [...]
For the initial public offering (IPO), Gujarat-based civil construction business Chavda Infra Ltd. has established a price range of Rs. 60-65 per share. On Tuesday the company said in a statement that the IPO will open for public subscription on September 12 and will conclude on September 14, while the bidding for the anchor investors [...]
Jio Satellite Communications has written to telecom regulator TRAI to allow flexible use of spectrum for satellite and mobile phone services networks. The company in a letter dated September 5 to Telecom Regulatory Authority of India Chairman PD Vaghela said technology is evolving that will enable convergence of satellite and terrestrial networks and therefore the [...]
MP Birla Group flagship company Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tons by the 2025-26 fiscal from the existing 20 million tons, officials said on Tuesday. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in [...]
Private lender IDBI Bank has filed an appeal against the NCLT order approving the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The lender has moved the National Company Law Appellate Tribunal (NCLAT) against the order. Earlier, the Mumbai bench of the National Company Law Tribunal (NCLT) [...]
Vedanta Resources Ltd (Vedanta) on Tuesday said it will restart copper operations in Zambia after a government decision in favour of the company. In a statement, the metal and mining giant said that the ownership and management of Konkola Copper Mines (KCM) has been returned to the company by the Government of Republic of Zambia. [...]
