New Delhi, Jan 7 (PTI) Alembic Pharmaceuticals Ltd on Friday said it has received tentative approval from the US health regulator for its generic Vortioxetine tablets indicated for the treatment of the major depressive disorder. The tentative approval granted by the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for [...]
- Valuation multiplies 2.5X as company approaches profitability BENGALURU, India, Jan. 6, 2022 /PRNewswire/ -- • Series D funding, a mix of debt and equity, was carried out by Trifecta Debt Fund, Patni Advisors, and Bessemer Venture Partners. Sanjoy Bhattacharya, the doyen amongst value investors, Bharat Jaisinghani, and a clutch of other individual investors also [...]
New Delhi, Jan 6 (PTI) HCL Technologies on Thursday said it has completed the acquisition of a 51 per cent stake in German IT consulting company Gesellschaft für Banksysteme GmbH (GBS). In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS. Deutsche Apotheker- und Ärztebank eG (apoBank), the largest [...]
Mumbai, Jan 6 (PTI) Former Sebi chairman M Damodaran on Thursday termed the mandate to have independent women directors on company boards as mere "tokenism", stating that firms are adhering to the guideline just for compliance. Damodaran also called the wording of the regulation "humorous", saying there is nothing like an "independent woman director" as [...]
New Delhi, Jan 6 (PTI) Shapoorji Pallonji and Company on Thursday said it has sold 1.84 crore shares of Sterling And Wilson Renewable Energy (SWREL) to Reliance New Energy Solar after which its stake in SWREL has come down to 33.06 per cent. Earlier, Shapoorji's stake in SWREL was 42.76 per cent. "Shapoorji Pallonji and [...]
New Delhi, Jan 6 (PTI) Polytrade Finance, a decentralised finance (DeFi) lending platform providing working capital to SMEs in the real world using crypto liquidity, on Thursday announced its listing on cryptocurrency exchange CoinDCX. "$TRADE listing on CoinDCX will provide its 75 lakh-plus Indian users with another avenue to access trade tokens," the decentralised finance [...]
New Delhi, Jan 6 (PTI) Billionaire Gautam Adani's port-to-energy conglomerate on Thursday said it had won a contract to supply imported coal to state-owned electricity generator NTPC but played down its significance saying the volume of 1 million tonnes was small. "NTPC has awarded the contract to the company for the supply of 1 million [...]
New Delhi, Jan 6 (PTI) BharatPe co-founder Ashneer Grover on Thursday said a viral audio clip claiming to be of him verbally abusing a bank employee for not getting share allotment in Nykaa's initial public offering (IPO) is "fake" and is an attempt for extorting money. A tweet on Wednesday morning by an account named [...]
Mumbai, Jan 6 (PTI) Logistics tech startup Pickrr on Thursday said it has launched an early COD (cash on delivery) service for its sellers that will help in faster money transfers to their bank.With the early COD option, the company aims to support its sellers and help them get money in their accounts within a [...]
New Delhi, Jan 6 (PTI) HDFC Life on Thursday announced the closure of the acquisition Exide Life deal, which will pave the way for increasing its presence in the south India market. The private sector insurer acquired a 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore [...]
