New Delhi, Feb 21 (PTI) Sistema Group company Binnopharm Group will acquire Dr Reddy's Laboratories' anti-bacterial medicines under the Ciprolet and Levolet brands in Russia, Uzbekistan and Belarus, the companies said in a joint statement on Monday. The Binnopharm Group, which is one of the leading pharmaceutical production companies in Russia, has inked a deal [...]
New Delhi, Feb 20 (PTI) Software-as-a-service provider Increff has raised USD 12 million (aroound Rs 82.62 crore) in its Series B funding round led by TVS Capital Funds, the company said. Premji Invest, Flipkart co-founder Binny Bansal's 021 Capital, and six existing angels participated in this round. Supply chain SaaS provider Increff plans to use [...]
New Delhi, Feb 20 (PTI) Digital networks integrator Sterlite Technologies expects about 20 per cent growth in business across key markets of the US, Europe and India in FY2023 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal has said. With a notable drop in COVID-19 cases and easing of [...]
New Delhi, Feb 20 (PTI) Air India has won a nod of an appeals court in Quebec to challenge a Canadian court order that allowed foreign investors in Bengaluru-headquartered Devas Multimedia to seize its funds to recover compensation for a failed 2005 satellite deal with Antrix Corporation, a commercial arm of ISRO. In a February [...]
New Delhi, Feb 20 (PTI) Tata Technologies, a global engineering and product development digital services firm, will hire at least 1,000 more people in FY2023 than its planned recruitment of over 3,000 innovators over a 12-month period to fulfil the requirements of customers as its business growth accelerates, according to a top company official. In [...]
New Delhi, Feb 20 (PTI) Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official. The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains [...]
New Delhi, Feb 19 (PTI) Bharat Biotech on Saturday said its Covaxin will be evaluated as a COVID-19 vaccine candidate in the US. In a statement, Ocugen Inc, Bharat Biotech's partner in the US and Canada for Covaxin, noted that the American health regulator -- the US Food and Drug Administration (FDA) -- has lifted [...]
Thiruvananthapuram, Feb 19 (PTI) India’s largest online grocery seller BigBasket has acquired the enterprise business unit of a deep-tech company incubated by Kerala Startup Mission (KSUM) with a view to revolutionising offline retail in the country. BigBasket, a Tata enterprise, will be implementing Kochi-based startup Agrima Infotech’s unique customer vision technology platform, Psyight, at the [...]
New Delhi, Feb 19 (PTI) Japanese auto major Honda on Saturday said it has appointed Takuya Tsumura as the new President & CEO of Honda Cars India Ltd (HCIL) with effect from April 1, 2022. The appointment comes as part of the management changes announced annually by Honda Motor Co Ltd. Tsumura, 54, will take [...]
Public sector banks SBI, Bank of Baroda and Union Bank on Friday said they have subscribed to 99,000 shares each of the yet to be operational asset reconstruction company IDRCL. In a regulatory filing, country's largest lender State Bank of India (SBI) said it has acquired 99,000 shares of India Debt Resolution Company Ltd (IDRCL), [...]
