Agro-chemicals firm Insecticides India Ltd (IIL) on Monday said that it has secured patents for two novel agrochemical compounds for a term of 20 years. The patent secured from the Government of India is for Novel Miticidal Benzyalamide and Novel Dithiolane, which will be used as foundation active ingredients for various fungicide and insecticide compositions [...]
EverSource Capital-backed shared electric mobility platform GreenCell Mobility on Monday said it plans to deploy 50 electric buses in four districts of the state in a phased manner for inter-city travel. The first such bus is set to be launched on the Ahmednagar-Pune route from June 1, the company said in a statement. These standard [...]
Capital markets regulator Sebi has relaxed compliance rules for entities with listed non-convertible securities from dispatching physical copies of annual report to the debenture holders till December-end. The development comes after the Ministry of Corporate Affairs (MCA) on May 5, extended the relaxations related to dispatching the physical copies of financial statements for the year [...]
Indian business tycoon Gautam Adani on Sunday, May 15, clinched a $10.5 billion deal to acquire a 63.19% stake in Swiss cement major Holcim Ltd's India operations, Ambuja Cements Ltd and its subsidiary ACC Ltd. This deal is India’s biggest M&A transaction in the infrastructure and materials space, the Adani Group said. With this acquisition, [...]
Asia's richest man Gautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion, marking the ports-to-energy conglomerate's entry into the cement sector. The Adani Group will acquire 63.1 per cent of Ambuja Cements Ltd along with related assets. Ambuja's [...]
AMG Media Networks, a unit of billionaire Gautam Adani's conglomerate Adani Enterprises, will pick a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for an undisclosed sum, according to a regulatory filing. Earlier in March, Adani Enterprises announced its foray into the media business by acquiring an [...]
Homegrown drug majors Lupin, Glenmark and Dr Reddy's Laboratories are recalling different products in the US, the world's largest market for medicines, due to deviation from standard manufacturing norms. As per the latest enforcement report by the US Food and Drug Administration (USFDA), Lupin is recalling over 33 lakh bottles of Losartan Potassium tablets, in [...]
Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official. The country's top carmaker, which had earmarked around Rs 4,500 crore in FY22, also believes that parent Suzuki Motor Corp's investment in Gujarat would help in [...]
Telecom Minister Ashwini Vaishnaw on Saturday said legal backing for Right of Way (RoW) will be in place by December, and launched the GatiShakti Sanchar portal that will centralise and speed up approvals for laying of fibre and tower installations, as the country gears up for 5G roll-out. The GatiShakti Sanchar portal will facilitate centralised [...]
Listed Fans has raised USD 1.6 million (around Rs 12.39 crore) in funding led by Whiteboard Capital and Goodwater Capital. Listed Fans is a platform that allows people with social media followings to 'tokenise' their future potential thereby raising capital for their existing/next projects, in return giving their fans/followers an opportunity to invest in something [...]
