New Delhi, Feb 3 (PTI) Dr Reddy's Laboratories on Thursday said it has inked a pact to acquire Germany-based Nimbus Health GmbH. The drug major said it has entered into a definitive agreement to acquire the company which is a privately owned, licensed pharmaceutical wholesaler focusing on medical cannabis in Germany. Dr Reddy's will acquire [...]
Mumbai, Feb 3 (PTI) Disruptors Capital, an early-stage venture capital fund investing in tech start-ups, has received Sebi's approval to launch a Rs 120-crore debt fund. The category-1 alternative investment fund said it will invest the money in tech start-ups across India, Southeast Asia and the US, and will aid start-ups to raise institutional funding. [...]
Mumbai, Feb 3 (PTI) Industrial and logistics estate platform ESR India on Thursday said it will develop its first in-city distribution centre in Delhi at an investment of Rs 175 crore, which is expected to be launched next year. The facility, to come up in an 8.2-acre site with a development potential of three lakh [...]
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said. The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year. This is significantly lower [...]
New Delhi, Feb 3 (PTI) Drug firm Granules India on Thursday said it has received approval from the US health regulator to market Bupropion Hydrochloride extended-release tablets, an antidepressant medication, in the American market. Granules Pharmaceuticals, Inc (GPI), a wholly-owned subsidiary of the company, has received approval from the US Food & Drug Administration (USFDA) [...]
New Delhi, Feb 3 (PTI) Proptech start-up POPT on Thursday said it has raised USD 2 million mainly from Canada-based angel investors MRW Ventures and Riar Holdings. In the pre-seed round of funding, seven other Indian angel investors also participated. Founded by Manpreet Singh in December 2021, Chandigarh-based POPT is bringing tech solutions in the [...]
New Delhi, Feb 3 (PTI) IT firm Scrut Automation on Thursday said it has raised USD 3 million in seed funding from Lightspeed and Endiya Partners. The company plans to use the fund to expand operations in the US, EU and Asia, enhance automation capabilities and create the largest marketplace for information security resources like [...]
New Delhi, Feb 3 (PTI) Hero Electric on Thursday said it has tied up with Axis Bank to offer retail financing solutions for its entire product portfolio. The customers can opt for two-wheeler financing across the company's network of over 750 dealers. Through this partnership, Hero Electric customers can now avail numerous value-added financial benefits [...]
New Delhi, Feb 3 (PTI) Toyota Kirloskar Motors on Thursday said it has temporarily stopped bookings for its newly launched premium utility vehicle Hilux, considering various factors impacting the supply amid heavy demand for the model.While launching the model last month, the company had commenced bookings with deliveries expected to begin in April, but it [...]
New Delhi, Feb 2 (PTI) Digital maps company CE Infosystem, which operates under the MapmyIndia brand, on Wednesday said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh. MapmyIndia expects the acquisition to support its business opportunity in the area of navigation, it said in a [...]
