Latest News on Corporate Actions

New Delhi, Apr 7 (PTI) Drug maker Lupin on Thursday said it has completed the acquisition of a portfolio of brands from Anglo-French Drugs & Industries Limited (AFDIL) and its associates. The acquisition will strengthen the company's India formulation business by adding a fast-growing portfolio of vitamins, minerals, supplements and neurological products, the Mumbai-based drug [...]

New Delhi, Apr 7 (PTI) Quick service restaurant McDonald's India (West and South) on Thursday said it will now also display Allergen & Nutritional information for the entire menu of in-store and on McDelivery app to enable customers to make the right food choices. McDonald's India (West and South) has also eliminated artificial colours, artificial [...]

New Delhi, Apr 7 (PTI) Alembic Pharmaceuticals Ltd on Thursday said it has received tentative approval from the US health regulator for its generic version of Dabigatran Etexilate capsules indicated for reduction of risk of stroke and prevention of blood clots. The tentative approval by the US Food & Drug Administration (USFDA) is for the [...]

Mumbai, Apr 7 (PTI) Smart mobility firm Bounce Infinity on Thursday said it has commenced rollout of its first consumer e-scooter E1 from the Bhiwadi facility in Rajasthan and deliveries of the vehicle will start from April 18. The company also said it is looking to set up a new half-a-million per annum capacity manufacturing [...]

Mumbai, Apr 7 (PTI) EV maker Omega Seiki Mobility and advanced battery technology startup Log9 Materials will jointly invest Rs 150 crore in charging infrastructure by financial year 2024. Besides, the two entities will deploy 10,000 fast-charging Rage+ cargo three-wheelers across Tier-II/III markers by FY24 under a strategic collaboration. Log9 already has a tie-up with OSM [...]

New Delhi, Apr 7 (PTI) JSW Energy on Thursday announced that its subsidiary has commenced operations of a 225 MW solar plant at Vijayanagar in Karnataka. This project is part of the earlier announced 958 MW solar and wind projects, for which power purchase agreements were signed with JSW Steel, under the group captive scheme. [...]

New Delhi, Apr 6 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Ananda Divine Developers. A two-member Delhi-based Principal bench of the NCLT had on March 25 admitted a plea filed by ICICI Prudential Venture, claiming a due of Rs 25 crore. The insolvency tribunal has appointed Harish Taneja as the [...]

New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure between 2008 and 2019, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the Comptroller [...]

New Delhi, Apr 6 (PTI) A consortium of Bandhan Financial Holdings, GIC and ChrysCapital will acquire IDFC Asset Management Company for Rs 4,500 crore in one of the largest deals in the country's asset management space. The deal is subject to receipt of necessary regulatory approvals and customary closing conditions, according to a regulatory filing. IDFC [...]

New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure between 2008 and 2019, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the Comptroller [...]

New Delhi, Apr 6 (PTI) Private lender DCB Bank on Wednesday said the RBI has approved the re-appointment of MD and CEO Murali M Natrajan for two years. "We wish to inform you that approval has been received from the Reserve Bank of India (RBI) for the re-appointment of Murali M Natrajan as the Managing Director & [...]

New Delhi, Apr 6 (PTI) Walmart group firm Flipkart on Wednesday announced its foray into the healthcare segment by launching a new app Flipkart Health Plus to leverage its reach and serve more than 20,000 pin codes across the country.Flipkart Health Flipkart Health Plus platform will onboard over 500 independent sellers with a network of [...]

New Delhi, Apr 6 (PTI)  Health-tech firm Doceree has raised USD 11 million (about Rs 83.5 crore) in a Series A funding round led by investment firm Fidelity-backed Eight Roads Ventures. F-Prime Capital and Alkemi Growth Capital also participated in the round. "Doceree will use the funds to scale its global operations, expand partnerships, augment [...]

Mumbai, Apr 6 (PTI) AI-driven tech firm LocoNav has formed a strategic partnership with business-to-business logistics optimisation startup Locus.Following the collaboration, LocoNav's fleet management solutions (FMS) will help Locus optimise and operate multiple vehicles with ease on a single platform, a release said on Wednesday.LocoNav's fleet management solution includes offerings like track and trace, fuel [...]

New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure in the 2008-19 financial year, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the [...]

New Delhi, Apr 6 (PTI) TThe proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender's profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, global rating agency Moody's Investors Service said on Wednesday.The rating agency, however, affirmed all the ratings of HDFC Bank, [...]

New Delhi, Apr 6 (PTI) Online food delivery platforms Zomato and Swiggy were down for nearly 20 minutes on Wednesday afternoon, triggering a flood of complaints on social media from customers. According to an industry official, the two main online food ordering platforms faced outage around 2 pm due to a technical snag with Amazon [...]

New Delhi, Apr 6 (PTI) The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice [...]

Mumbai, 6th April, 2022: The Board of Purple Finance met today (5th April 2022) and approved the merger of Purple Finance Ltd. with Canopy Finance Ltd subject to regulatory approvals. The Equity shares of Canopy Finance Ltd are listed on BSE Ltd. & Calcutta Stock Exchange Ltd. Post-merger the capital base of the merged entity [...]

New Delhi, Apr 6 (PTI) Coworking operator IndiQube on Wednesday said it has raised USD 30 million (over Rs 226 crore) from promoters, WestBridge Capital and others. The funding round saw participation from IndiQube’s promoters, investment firm WestBridge Capital and angel investor Ashish Gupta, the company said in a statement. "Out of USD 30 million, [...]

Bangalore, Apr 6 (PTI) Bangalore International Airport Ltd is working with cloud platform provider Amazon Web Services to set up a joint innovation centre (JIC) at the airport here to develop and adopt digital solutions in the aviation space.The Centre, which will be the first such facility established outside China by AWS and its first [...]

New Delhi, Apr 6 (PTI) The government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons, Parliament was informed on Wednesday. Minister of State for Communications Devusinh Chauhan in a written reply to the Rajya Sabha said that a proposal for the merger of Bharat Broadband Network Limited (BBNL) [...]

New Delhi, Apr 6 (PTI) JSW Steel on Wednesday said it has been declared as preferred bidder for Ajgaon iron ore block in Maharashtra. Ajgaon iron ore block in Sindhudurg district is at a distance of about 400 km from Dolvi where JSW Steel runs an integrated steel plant having capacity of 10 million tonne [...]

Chennai, Apr 6 (PTI) Food aggregator Swiggy on Wednesday said it is expanding fresh fruits and vegetables segment under Swiggy Instamart to serve customers in Coimbatore. Swiggy Instamart is looking to take onboard more local fruit and vegetable vendors under this initiative, a company statement said. The grocery service was launched in Coimbatore in August [...]

Bengaluru, Karnataka, India – Business Wire India Bengaluru-based MSME focused lender Vistaar Financial Services Private Limited (“Vistaar Finance”) has raised Rs.150 Crs from Bank of Baroda, a leading Public Sector Bank. At a time when MSMEs are recovering from the impact of COVID and coming back to normalcy in business, their need for capital, both [...]

New Delhi, Apr 6 (PTI) Agritech firm TraceX Technologies has raised USD 1 million (about Rs 7.5 crore) from investors including Nabard-backed NABVENTURES fund.The platform is in the business of enhancing supply chain traceability and transparency.In its pre-series A funding, Paipal Ventures, an early stage family office investment fund, and angel investor Sunil Kumar also [...]

New Delhi, Apr 6 (PTI) Triveni Engineering & Industries Ltd (TEIL) on Wednesday said it has started production at its new multi-feed distillery at Milak Narayanpur in Uttar Pradesh, increasing the plant's total output capacity to 480 kilo litre per day. TEIL, one of the largest integrated sugar producers in the country, also manufactures engineered-to-order [...]

New Delhi, Apr 6 (PTI) State-owned National Highways Authority of India on Wednesday said it has settled 60 cases for Rs 4,076 crore against the claimed amount of Rs 14,590 crore in fiscal 2021-22. The settlement amount was about 28 per cent of the total claimed amount, NHAI said in a statement.In FY21, the National Highways [...]

Slew of Senior technology professionals joining the company, Sriram as Head of Engineering & Sujay as Head of Risk CHENNAI, India, April 6, 2022 /PRNewswire/ -- M2P Fintech, Asia's largest API infrastructure company, has named two seasoned professionals to key leadership positions. The company welcomed Sriram KS as Head of Engineering and Sujay Vasudevan as [...]

New Delhi, Apr 6 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Ananda Divine Developers, a step-down company of NCR-based realty firm ATS Infrastructure.A two-member Delhi-based Principal bench of the NCLT had on March 25 admitted a plea filed by ICICI Prudential Venture, claiming a due of Rs 25 crore.The insolvency [...]

New Delhi, Apr 6 (PTI) Homegrown auto major Tata Motors is set to drive in a new electric SUV - Concept CURVV, with enhanced driving range and technology, within the next two years. The Mumbai-based auto major, which on Wednesday showcased the electric SUV concept, aims to cater to the consumers who seek individuality and [...]

Washington, Apr 6 (PTI) It is not in India’s "best interest" to continue investing in Russian military equipment, US Defence Secretary Lloyd Austin has told lawmakers, underscoring the Biden administration's desire that New Delhi scales down its dependence on Russian military equipment. "We continue to work with them (India) to ensure that they understand that [...]

Washington, Apr 6 (PTI) It is not in India’s "best interest" to continue investing in Russian military equipment, US Defence Secretary Lloyd Austin has told lawmakers, underscoring the Biden administration's desire that New Delhi scales down its dependence on Russian military equipment. "We continue to work with them (India) to ensure that they understand that [...]

Mumbai, Maharashtra, India – Business Wire India The Indian arm of the German stationery manufacturer Faber-Castell has settled all outstanding issues related to its former JV partner and MD Mr. Anup Bhasker Rana in an extrajudicial mediation. Since entering the Indian market in the mid-90s, the Faber-Castell group had relied on partnerships and JVs to [...]

Mumbai, Apr 6 (PTI) Electric two-wheeler maker Hero Electric has partnered with Shadowfax Technologies for supplying its e-scooters for last-mile deliveries. As part of the association, Hero Electric will convert around 25 per cent of Shadowfax's 100,000-strong delivery fleet into electric vehicles (EVs) with its NYX HX e-scooters across delivery centres, a release said on [...]

New Delhi, Apr 6 (PTI) Diversified entity, ITC Ltd on Wednesday said it is accelerating its move to go beyond plastic neutrality, having sustainably managed more than 54,000 tonnes of plastic waste across India in 2021-22. The company said its flagship solid waste management programme Well-Being Out of Waste' (WOW) has so far covered 1.8 [...]

Mumbai, Apr 6 (PTI) Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India, the company said on Wednesday. The Bengaluru-based energy startup had launched its first e-scooter Simple One mid-August last year. It has, however, not yet commenced the deliveries [...]

New Delhi, Apr 6 (PTI) Japanese conglomerate Mitsui has agreed to take a 49 per cent stake in ReNew Power's round-the-clock renewable power project, the Indian firm said on Wednesday. ReNew signed a 400 MW Round-The-Clock (RTC) PPA last year to supply electricity to the Solar Energy Corporation of India (SECI). For the 400 MW [...]

New Delhi, Apr 6 (PTI) VerSe Innovation -- the local language technology platform and parent of content and news aggregator Dailyhunt and short video app Josh -- on Wednesday said it has raised USD 805 million (over Rs 6,070 crore) in latest funding rounds from marquee global investors. With this, its valuation has reached a [...]

Hyderabad, Apr 5 (PTI) Wipro Consumer Care & Lighting on Tuesday opened its new factory at Maheshwaram here with an investment of Rs 300 crore. Telangana Industries Minister K T Rama Rao and Founder Chairman of Wipro Group Azim Premji inaugurated the facility. Wipro Consumer Care commenced construction of the facility in 2018 with the [...]

Mumbai, Apr 5 (PTI) Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank. The buyback will reduce the company's cost of funds by around 225 basis points. IIFL Finance had raised USD 400 million through [...]

          New Delhi, Apr 5 (PTI) UK-based advisory and investment firm Nithia Capital on Tuesday announced the acquisition of Crest Steel and Power Pvt Ltd (CREST) in Chhattisgarh for Rs 600 crore through an insolvency process.          This acquisition has been completed under an insolvency process in partnership [...]

Chennai, Apr 5 (PTI) German luxury sports carmaker Porsche on Tuesday announced appointment of KUN Premium Cars Pvt Ltd as its dealer partner for Porsche Centre Chennai.Strengthening its presence in southern region, the company has set up VST Supercars Pvt Ltd as in charge of Porsche Centre in Bengaluru. Both the business partners have initiated [...]

New Delhi, Apr 5 (PTI) Resurgent Power Ventures has completed the acquisition of electricity transmission project NRSS XXXVI Transmission Ltd under debt resolution initiated by PTC India Financial Services via competitive bidding."Pursuant to the Letter of Intent (LOI) issued by the lenders of NRSS XXXVI Transmission Ltd (NRSS XXXVI), Resurgent Power Ventures Pte Ltd (Resurgent) [...]

Noida, Apr 5 (PTI) The Greater Noida Industrial Development Authority (GNIDA) on Tuesday approved a budget of over Rs 5,100 crore for 2022-23, allocating Rs 2,000 crore from it for land acquisition and Rs 1,400 crore for development works in villages and residential sectors. This is the biggest budget for any fiscal year since 2017-18 [...]

Mumbai, Apr 5 (PTI) MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in online foreign currency exchange services provider BookMyForex to become a one-stop solution for all forex needs.BookMyForex's suite of services, including currency exchange that offers real-time exchange rates, multi-currency prepaid forex cards, cross border remittances and other ancillary [...]

New Delhi, Apr 5 (PTI) State-run power giant NTPC has inked a pact with Gujarat Gas Ltd for an initiative to blend green hydrogen with the piped natural gas (PNG) supplied by the latter. Green hydrogen will be produced by using electricity from the existing 1 MW floating solar project of NTPC Kawas. This will [...]

Mumbai, Apr 5 (PTI) Drone delivery logistics firm Skye Air Mobility has inked a long-term pact with SRL Diagnostics for faster transportation of pathology samples in Gurugram and Mumbai. As part of this collaboration, the two companies will conduct Beyond Visual Line of Sight Operations-based drone delivery trial flights in designated green zones in the two [...]

Mumbai, Apr 5 (PTI) Tek Travels DMCC, a wholly-owned subsidiary of global travel distribution platform TBO Tek, on Tuesday said it has acquired a 51 per cent stake in Switzerland-based B2B accommodation wholesaler BookaBed AG."We are excited to welcome everyone at BookaBed to the TBO family. BookaBed allows TBO's entry into the Irish market and [...]

Mumbai, Apr 5 (PTI) Leading carbon black producer Epsilon Carbon has announced the world's first polymetallic nodule plant with an investment of Rs 1,200 crore as part of its plans to enter the cathode sector.It has also inked a nodule sourcing pact with an American company.Epsilon on Tuesday signed an agreement with Nasdaq-listed The Metals [...]

Ahmedabad, Apr 5 (PTI) US-based Triton Electric Vehicle LLC on Tuesday signed an agreement with the Gujarat government to set up a commercial electric vehicle manufacturing plant at Bhuj in Kutch district with a total investment of Rs 10,800 crore. As per the agreement, Triton Electric Vehicle will set up the plant over 645-acre land [...]

Mumbai, Apr 5 (PTI) Data science solutions provider Tredence Inc on Tuesday said it plans to hire 500 employees by the end of this year. Currently, the company has over 1,600 employees. "Expanding our reach into new talent markets is a critical component of our growth plan. We plan to do so by constantly looking [...]

New Delhi, Apr 5 (PTI) Advisory and consultation firm Grant Thornton Bharat has started operations from its new office at Gujarat International Finance Tec-City (GIFT City) IFSC after getting requisite approvals. Grant Thornton Bharat has commenced operations from April 1, 2022, in GIFT City IFSC. The company has been working with the authorities and has [...]

New Delhi, Apr 5 (PTI) U GRO Capital, a non banking financial company focussed on small and medium enterprises, on Tuesday announced opening of public issue of bonds later this week to raise up to Rs 100 crore. The public issue of bonds scheduled to open on April 7, 2022 has a base issue size [...]

New Delhi, Apr 5 (PTI) Climate change solutions provider EKI Energy Services on Tuesday said that its associate GHG Reduction Technologies has started operation at its Nashik plant to manufacture fuel-efficient cooking stoves. Branded as 'Agneeka', the improved cook stoves (ICS) will enable rural households across the globe to switch to an efficient cooking solution. [...]

        New Delhi, Apr 5 (PTI) Tata Steel on Tuesday said it has used inland waterways in Odisha to bring in heavy machinery for its ongoing Kalinganagar plant expansion project.          Development of inland waterways for the industry is a focus area of the government as transportation of goods [...]

New Delhi, Apr 5 (PTI) Pharma major Dr Reddy's Laboratories Ltd on Tuesday said it has launched its generic Methylprednisolone Sodium Succinate for injection, indicated for various conditions including arthritis, blood disorders and severe allergic reactions, in the US market. The injection is the generic equivalent of SOLU-MEDROL and has been approved by the US [...]

Mumbai, Maharashtra, India (NewsVoir) India’s leading drone manufacturer, ideaForge Technology Private Limited has partnered with PV Lumens LLP, a rapidly growing distributor of safety, security, connectivity and productivity solutions to distribute its best-in-class UAVs across India. Through PV Lumens' reseller network, ideaForge will be able to increase its reach and penetration across the Indian market. [...]

BENGALURU, India, April 5, 2022 /PRNewswire/ -- Online Fintech platform, AmplyWealth trusted Bangalore-based Purple Quarter to onboard Tajender Pal Singh as its Chief Technology Officer (CTO). Founded in 2021, AmplyWealth is on a mission to democratize trading for everyone with a community-led and technology-first approach toward financial growth and inclusion. To educate, engage and empower [...]

Mumbai, Apr 5 (PTI) Solar-powered EV charging solutions provider ATUM Charge on Tuesday said it has completed the installation of 250 Universal Electric Vehicle charging stations across the country in just six months. Of the 250 stations, as many as 36 have been set up in Maharashtra, 44 in Tamil Nadu, 48 in Telangana, 23 [...]

New Delhi, Apr 5 (PTI) Real estate consultant Anarock has acquired 75 per cent stake in myHQ, a booking platform for co-working spaces, in a cash and stock deal of around Rs 125 crore, as it seeks to tap the growing demand of flexible workspaces amid the COVID pandemic. myHQ, which is headquartered in Delhi-NCR, [...]

New Delhi, Apr 5 (PTI) Tata group's real estate arm Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic. In [...]

New Delhi, Apr 4 (PTI) IT services company Tata Consultancy Services (TCS) on Monday said it has signed a 'material multi-year contract' with a large US company, expanding its long-standing partnership to accelerate their cloud transformation journey.TCS, in a regulatory filing, further said, the transformation will serve as a platform for their future growth enabling [...]

Nagpur, Apr 4 (PTI) A Lucknow-bound IndiGo flight on Monday returned safely to the Nagpur airport from where it had taken off for its destination following a suspected technical snag, the private airline said.An IndiGo statement here said its flight 6E-7074, operating from Nagpur to Lucknow, "returned to origin after take-off following a suspected momentary [...]

New Delhi, Apr 4 (PTI) IT company Mobilloite has opened a new office in Pune with an initial capacity of 120 employees, the company said on Monday.Mobilloite employs 500 staff in India."There will be 120 personnel in their Pune office, which we recently opened. The opening of a new office is a market growth activity. [...]

New Delhi, Apr 4 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Monday said two independent directors -- Anand Chndrasekaran and Malini Chopra -- have resigned from the board of the company. Both of them cited an increase of workload as among the reasons for their resignations, which is effective from Monday, the firm said in [...]

Mumbai, Apr 4 (PTI) IndiGo co-promoter Rakesh Gangwal on Monday signed a pact with IIT-Kanpur to jointly set up a school of Medical Sciences and Technology on the latter's campus.  Gangwal, an alumnus of IIT-Kanpur, will also donate Rs 100 crore to establish the college.  Besides, Gangwal will also be joining the Advisory Board of [...]

New Delhi, Apr 4 (PTI) The Supreme Court on Monday asked the Future Group and Amazon to jointly urge the Delhi High Court on April 5 to first hear the enforcement petitions of the US e-commerce major which also relate to the preservation of assets of Future Retail Limited (FRL). Amazon and Future Group are [...]

New Delhi, Apr 4 (PTI) Indian Oil Corporation (IOC), the nation's top oil firm, will partner Larsen & Toubro and Goldman Sachs-backed renewable energy producer ReNew Power to produce green hydrogen as it follows the footsteps of groups headed by billionaires Mukesh Ambani and Gautam Adani to produce carbon-free fuel. The three firms have signed [...]

New Delhi, Apr 4 (PTI) In efforts to reduce the compliance burden and make assessments more objective, Competition Commission of India (CCI) has revised the long form format for submission of details related to mergers and acquisitions. Under the Competition Act, Mergers and Acquisitions (M&As) or combinations beyond a certain threshold require approval from the [...]

New Delhi, Apr 4 (PTI) Leading multiplex operators Inox Leisure and PVR, which had announced their merger last month, have a combined pipeline of 2,000 screens and aim to double this size in next seven years, entailing an investment of Rs 4,000 crore. The merged entity would invest capex of Rs 2.5 crore per screen [...]

Mumbai, Apr 4 (PTI) India's largest private lender HDFC Bank on Monday agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan in the largest deal in the country's corporate history. The proposed entity will have a combined asset base of around [...]

New Delhi, Apr 4 (PTI) A Parliamentary panel has urged the government to release an advance amount of Rs 5 crore each to parliamentarians this fiscal under the MPLAD scheme for 2023-24 to enable them to complete the projects.The Member of Parliament Local Area Development (MPLAD) scheme was suspended during the COVID-19 pandemic for two [...]

Mumbai, Apr 4 (PTI) Shares of HDFC and HDFC Bank witnessed heavy buying on Monday and settled with nearly 10 per cent gains as investors lapped up the announcement of their proposed merger. The scrip of HDFC settled at Rs 2,678.90, registering a jump of 9.30 per cent. It had scaled an intra-day high of [...]

Kolkata, Apr 4 (PTI) Crisil has been engaged as consultant for the proposed coal trading platform announced by the government and the exchange may take shape in the next 6-9 months, a senior government official said on Monday.The official said it will take forward the concept of forming the exchange for trading coal mined from [...]

Mumbai, Apr 4 (PTI) The country's premier container port Jawaharlal Nehru Port has reported a 21.55 per cent growth in container traffic at 5.68-million TEUs in the last fiscal against 4.68-million TEUs handled in FY21, according to a release on Monday.This is the highest ever growth in container handling at the port for any financial [...]

AHMEDABAD, India, April 4, 2022 /PRNewswire/ -- Intas Pharmaceuticals Ltd. (Intas) has signed an exclusive license and supply agreement with Axantia Holding (Axantia), a leading pharmaceutical company in the Middle East operating through its pharmaceutical subsidiaries; Pharma International Pharmaceutical & Chemical Manufacturing Co. Ltd and Med City Pharmaceutical Industries for Ranibizumab (biosimilar of Lucentis®). Under [...]

New Delhi, Apr 4 (PTI) Tata group FMCG arm TCPL is consolidating its business by merging various companies and plans to reduce the number of legal entities to around 23 from the existing 45 after restructuring, said its Managing Director & CEO, Sunil D'Souza. This will help Tata Consumer Products LTD (TCPL) in creating focused [...]

New Delhi, Apr 4 (PTI) Mankind Pharma on Monday announced its foray into the agri-tech segment, with plans to invest up to Rs 200 crore in the first two to three years.The company has set up a new arm Mankind Agritech Pvt Ltd, which will offer a variety of crop care solutions to Indian farmers, [...]

New Delhi, Apr 4 (PTI) Bombay Play, a hypersocial gaming startup, has raised USD 7 million (over Rs 52 crore) in a recent funding round, the company said on Monday. The funding round was led by Kalaari Capital and also saw participation of all its existing investors namely Lumikai Fund, Leo Capital and PlayCo. Bombay [...]

New Delhi, Apr 4 (PTI) Sterlite Power arm Sterlite Power Brasil has raised 600 million Brazilian real (about Rs 970 crore) through the issuance of debentures."Sterlite Power Brasil, a subsidiary of the Indian corporation Sterlite Power Transmission Ltd, a company that develops energy transmission projects, announces the issuance of debentures on the total amount of [...]

New Delhi, Apr 4 (PTI) Mahindra Electric Mobility Ltd, part of Mahindra Group, on Monday launched its new Alfa CNG passenger and cargo variants with price starting at Rs 2.57 lakh (ex-showroom Lucknow). Based on its popular three-wheeler Alfa brand, the new Alfa Passenger DX BS6 CNG variant is priced at Rs 2.57 lakh and [...]

New Delhi, Apr 4 (PTI) Franklin Templeton Mutual Fund on Monday said its six shut debt schemes have Rs 231.13 crore of cash available for distribution to unitholders of the schemes. So far, the fund house has distributed Rs 26,098 crore to the investors across the six schemes, amounting to 103.50 per cent of the [...]

Mumbai, Apr 4 (PTI) Domestic carrier Go First on Monday announced its collaboration with e-visa services provider Visa Lounge to offer travel-related services to passengers. Post the tie-up, passengers can apply for e-visa on the Go First website, for countries which offer an e-visa facility, the city-based airline said in a release. The service can [...]

Mumbai, Apr 4 (PTI) German sports luxury car manufacturer Porsche on Monday said it has appointed two new dealerships, one each in Chennai and Bengaluru, as part of plans to expand its footprint in India.The network expansion is driven by strong demand for Porsche cars, which surged 62 per cent year-on-year in 2021. This was [...]

New Delhi, Apr 4 (PTI) Public sector insurers received COVID-19 related health insurance claims worth Rs 17,537 crore till December 2021 and more than 93 per cent of the cases were settled, Parliament was informed on Monday."Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore, were lodged [...]

Hyderabad, Apr 4 (PTI) With WHO announcing the suspension of Covaxin supply through UN procurement agencies, Bharat Biotech sources said on Monday the pharma company has not supplied the COVID-19 vaccine to any UN agency and no impact of the suspension would be felt. So far, sources said, the firm has supplied vaccines to the [...]

New Delhi, Apr 4 (PTI) Volkswagen India on Monday said it has launched a special edition of its hatchback Polo to mark 12 years of the model in the country. The Polo Legend edition is priced at Rs 10.25 lakh (ex-showroom) onwards. With the starting of production in 2009 and its market launch in 2010, [...]