Latest News on Corporate Actions

New Delhi, Mar 24 (PTI) State-owned Energy Efficiency Services Ltd has inked a pact with Bureau of Energy Efficiency to demonstrate Energy Efficiency Projects (DEEP) in industrial units, under the PAT (Perform Achieve Trade) scheme. The agreement has been signed to improve energy efficiency in the industry through demonstration of energy efficient technologies. The Bureau [...]

New Delhi, Mar 24 (PTI) Food robotics and automation firm Mukunda Foods on Thursday said it has raised USD 5 million (over Rs 35 crore) in a funding round led by Zomato. The fresh round of funding takes the company's post-money valuation to USD 30 million, Mukunda Foods said in a statement. The company further said [...]

Expands its network footprint by adding the 19th Tata Motors’ dealership in Tamil Nadu Chennai, Tamil Nadu, India (NewsVoir) Tata Motors, in partnership with PPS Motors has inaugurated a new state-of-the-art dealership at Pallikarnai - in the city of Chennai. With this new facility, the company aims to extend its presence and build a strong [...]

Hyderabad, March 24 (PTI): Pratt & Whitney is setting up a world class global supply chain support centre- India Capability Centre in Bengaluru, a senior official of the aircraft engine maker said on Thursday. Sandeep Sharma, director, India operations, supply chain, Pratt & Whitney Canada, said the new centre will initially recruit about 160 aerospace [...]

New Delhi, Mar 24 (PTI) JK Tyre & Industries on Thursday said it has come up with the country's first puncture guard technology in tyres for four-wheelers. The technology, with specially engineered self-healing elastomer inner coat, applied inside the tyres through an automated process, heals the punctures. The company plans to build in the technology [...]

Hyderabad, Mar 24 (PTI): FlyBig, the newest scheduled commuter airline of India, on Thursday said it has signed a letter of intent to acquire up to 10 aircraft of De Havilland Canada Twin Otter Series 400 to serve small and remote regions. FlyBig operates commercial flights to destinations in the North-East, South, and Central under [...]

New Delhi, Mar 24 (PTI) Brushing aside concerns raised by proxy advisory firm IiAS on Suzuki's investment in the EV project, Maruti Suzuki Chairman RC Bhargava on Thursday asserted that there was nothing in it against the interest of the company and its shareholders as it is part of an earlier arrangement.Countering the criticism from [...]

New Delhi, Mar 24 (PTI) Public sector lender Bank of Maharashtra (BoM) on Thursday said it has raised Rs 290 crore by issuing Basel III compliant bonds. The bank issued Basel III compliant additional tier 1 (AT1) bonds of Rs 290 crore, including green shoe option of Rs 40 crore, on Wednesday at a coupon [...]

EKI Energy Services Ltd and Shell Overseas Investments B.V. on Thursday floated a joint venture company for nature-based solutions in India to reduce greenhouse gas emissions. "EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc, have joined hands to develop Nature-based Solutions (NBS) in India," a company [...]

Hyderabad, March 24 (PTI): Pratt & Whitney is setting up a world class global supply chain support centre- India Capability Centre in Bengaluru, a senior official of the aircraft engine maker said on Thursday. Sandeep Sharma, managing director, India operations, Pratt & Whitney Canada, said the new centre will initially recruit about 160 aerospace analysts [...]

Chennai, Mar 24 (PTI) Hyundai Motor India Foundation, the philanthropic division of automobile major Hyundai Motor India, on Thursday inaugurated a 550 litre per minute oxygen generation plant, the largest facility set up by the foundation, in the city. The plant with a capacity to serve oxygen requirement of 150 beds, would help meet the [...]

New Delhi, Mar 24 (PTI) Indian companies' value of investments in Russia's oil and gas fields could be impaired as import bans and international sanctions may constraint future cash flow generating capacity, Moody's Investors Service said Thursday.Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd [...]

New Delhi, Mar 24 (PTI) Automaker MG Motor India on Thursday introduced its one-stop digital car finance platform, MG ePay. The MR ePay will provide an end-to-end online auto finance journey with almost instant approvals while offering seamless, customised, and instant financing solutions from a consortium of leading banks, the company said in a statement. [...]

New Delhi, Mar 24 (PTI) Hospitality firm OYO has taken off from its platform the hotel, which allegedly denied reservation to a man from Jammu and Kashmir, according to a social media post by the company. Responding to a purported viral video on social media that shows a man allegedly being denied reservation in the [...]

New Delhi, Mar 24 (PTI) Online travel platform EaseMyTrip on Thursday said it has opened a retail office in Dubai to cater to the growing B2C retail segment under its international expansion strategy.Located in the Bur Dubai area, the retail office will house a team of the company's travel experts to guide customers in planning [...]

GURGAON, India, March 24, 2022 /PRNewswire/ -- BluePi Consulting, an established player in data-driven solutions, for the retail sector, today, announced it has secured the Patent by the Indian Patent Office – Government of India for a System and Method for forecasting Demand for a Retail Organisation. This Patent is for the term of 20 [...]

Mumbai, Mar 24 (PTI) Electric two-wheeler maker Ather Energy on Thursday said it has partnered with HDFC Bank and IDFC First Bank to offer retail finance for its e-scooters.The collaboration will allow Ather Energy customers to avail instant loans from the two private lenders at low-interest rates and with a maximum LTV (Loan-to-value), a release [...]

Ballantine’s Golf Championship features India’s first Mixed Pro Golf Tournament New Delhi, Delhi, India (NewsVoir) With the promise of many firsts in the Indian Golf Circuit, Ballantine’s, from the house of Pernod Ricard, teed off the Ballantine’s Golf Championship recently. The ongoing championship that has footprints across 11 major cities in India is witnessing participation [...]

Gandhinagar, Mar 23 (PTI) Members of the ruling BJP and the opposition Congress on Wednesday engaged in a heated debate in the Gujarat legislative Assembly over the issue of a revised power purchase agreement signed by a state-run utility with Adani Power.Congress MLAs raised anti-BJP slogans in the House and accused the ruling party of [...]

New Delhi, Mar 23 (PTI) A TCS-led consortium with C-DoT has developed indigenous 4G and 5G network technologies which will be deployed in BSNL network by August 15, a top official of the government-run telecom research firm, said on Wednesday. Speaking at the Convergence India event, Centre for Development of Telematics (C-DoT) Executive Director Rajkumar [...]

New Delhi, Mar 23 (PTI) Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution services in the country under the brand name 'Xpressbees'. In separate releases on Wednesday, CCI said it has [...]

New Delhi, Mar 22 (PTI) Triveni Turbine on Wednesday said that its arm Mis Triveni Turbines DMCC has inked an agreement to acquire 70 per cent equity of TSE Engineering in South Africa for 11.9 million South African rand (around Rs. 6.17 crore). "Our wholly-owned subsidiary Mis Triveni Turbines DMCC has signed an agreement for [...]

New Delhi, Mar 23 (PTI) Microfinance lender CreditAccess Grameen Limited (CAGL) on Wednesday said it will raise up to Rs 1,500 crore through a public issue of bonds. The board of directors has considered and unanimously approved "the proposal of raising funds through public issue of Non-Convertible Debentures (NCDs) in domestic market up to Rs [...]

Mumbai, Mar 23 (PTI) The Reserve Bank has assigned the lead bank responsibility to Punjab National Bank (PNB) for the newly-created district of Meghalaya, the central bank said on Wednesday. The Meghalaya government in a notification on November 9, 2021, had informed about formation of a new district, Eastern West Khasi Hills. It has been [...]

Mumbai, Mar 23 (PTI) Okaya Power Group's EV arm Okaya Electric Vehicles on Wednesday said it has crossed the 350 dealership-mark within eight months of the launching of the first outlet in the country in July last year. Currently, it has a network of 353 dealerships spread across 23 states and two Union Territories. The [...]

New Delhi, Mar 23 (PTI) Honda Motorcycle & Scooter India (HMSI) on Wednesday said it has crossed the cumulative exports milestone of 30 lakh units in its 21st year of operations in the country. The company, which started exports from India started in 2001 with its debut model Activa, said it crossed the first 15 lakh [...]

MUMBAI, India, March 23, 2022 /PRNewswire/ -- Cub McPaws (Pochemuchka Kids Pvt Ltd), a tech-driven ecosystem of next-gen kids, has raised a total of $2.2M in Pre-Series A funding from senior executives from Facebook, Google and a few family offices. Existing investors also participated in the current round. Cub McPaws (www.cubmcpaws.com) offers a range of [...]

Mumbai, Mar 23 (PTI) Hero Electric said on Wednesday said it has partnered with Kotak Mahindra Prime Ltd (Kotak Prime) to offer easy financing solutions for two-wheelers to its customers.Kotak Mahindra Prime Ltd (KMPL) is a subsidiary of Kotak Mahindra Bank, primarily formed to finance passenger vehicles.  The pact will allow Hero Electric customers to [...]

Chennai, Mar 23 (PTI): Integrated payments technology company FSS Technologies has signed a multi-country engagement with the largest financial institution in the Middle-East and Africa - Qatar National Bank (QNB) - to boost its efficiency on the reconciliation operations, the Chennai-based company said on Wednesday. The FSS smart recon and dispute management has been implemented [...]

New Delhi, Mar 23 (PTI) Home-grown consumer appliances brand Bajaj Electricals Ltd (BEL) on Wednesday announced the extension of its trademark agreement with the United Kingdom-based Morphy Richards for a further 15 years with effect from July 1, 2022. This licence extension will enable BEL to continue using the trademark Morphy Richards for producing, marketing [...]

Mumbai, Mar 23 (PTI) Power solutions provider Exicom has completed the installation of 5,000 EV chargers across 200 cities, making it the biggest EV charging facilitator in the country, the company claimed on Wednesday. The installations include 3,600 AC and 1,400 DC chargers. The company had installed its first EV charging facility at Lodhi Estate, [...]

Mumbai, Mar 23 (PTI) Vegan beauty brand Plum, which claims to be fully toxin-free and cruelty-free, has raised USD 35 million (around Rs 270 crore) in a Series-C funding round led by A91 Partners and existing investors Unilever Ventures and Faering Capital.With this funding, the startup has, so far, raised over USD 50 million since [...]

New Delhi, Mar 23 (PTI) Realty firm Signature Global, which is into affordable homes, will invest Rs 310 crore to develop an affordable housing project in Gurugram, Haryana.The company on Wednesday announced a new project Signature Global Imperial, which is spread nearly 9 acres of land parcel and comprises 1,141 units. It will sell flats [...]

New Delhi, Mar 23 (PTI) Coliving operator Stanza Living on Wednesday said it has raised Rs 425 crore in debt funding led by Kotak Mahindra Bank and RBL Bank for capital expenditure and business expansion across major cities.Stanza Living, which provides rental accommodation to students and working professionals, was co-founded by Sandeep Dalmia and Anindya [...]

Mumbai, Mar 23 (PTI) Yamaha Motor's shared mobility platform Moto Business Service India (MBSI) has forayed into the 4-wheeler EV segment by forging a partnership with sustainable energy-powered vehicle service firm Malbork Technologies, a release said on Wednesday.MBSI provides services to tech startups that focus on the shared mobility space in the country.Bengaluru-based Malbork Technologies [...]

New Delhi, Mar 22 (PTI) The Defence Ministry on Tuesday approved the procurement of Rs 8,357 crore worth of military platforms and hardware, including air defence fire control radar and GSAT-7B satellite. The procurement proposals were accorded "Acceptance of Necessity" at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, [...]

Kochi, Mar 22 (PTI) A Kochi-based educational startup has launched video solutions to mathematics questions for CBSE syllabus explaining how to solve each problem. Showans.com, the web portal, has initiated the service explaining answers to multiple-choice questions in video format. "In the first phase, the video service covers the mathematics syllabus of CBSE Class X, [...]

Kochi, Mar 22 (PTI) Technisanct, a cybersecurity startup with its research centre in Kochi, has decided to increase its manpower as the firm has received an investment of Rs 2 crore. The company said it received the investment with participation from Shashidhar Pai (S3K Ventures), K T Chandy (Partner-EY) and Surabhi Marwah (Partner-EY). Technisanct, which [...]

New Delhi, Mar 22 (PTI) Hotel bookings for the March-May period this year have surpassed the pre-pandemic levels of the same period of 2019, led by strong domestic demand, Indian Hotels Co Ltd (IHCL) Managing Director & CEO Puneet Chhatwal said on Tuesday. The head of the Tata group hospitality firm said that the long-term [...]

New Delhi, Mar 22 (PTI) IT company HCL Technologies has signed an agreement with Florida-based Neoris to jointly offer integrated IT solutions globally.As a result of this collaboration, both companies will be able to expand their operations and access new regions, making them better positioned to explore global markets.Neoris' global presence includes operations in Latin [...]

New Delhi, Mar 22 (PTI) Adani Power on Tuesday said it has collaborated with IHI Corporation and Kowa Company to study ammonia co-firing for environmentally sustainable power generation. "Adani Power Ltd (APL), IHI Corporation, and Kowa Company, Ltd (Kowa), have signed a Memorandum of Understanding (MoU) to study the feasibility on a modification to achieve [...]

New Delhi, Mar 22 (PTI) Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday said it will completely eliminate single-use plastic across all its hotels by 2030, besides committing to skill 1 lakh youths in the next five years as part of its sustainability and social impact measures under a newly launched initiative, [...]

New Delhi, Mar 22 (PTI) Indian Oil Corporation (IOC), the nation's largest oil firm, has set up a shared service centre (SSC) for vendor invoice management in collaboration with IBM Consulting. "IndianOil Shared Service Centre Vendor Invoice Management is a sizable digital initiative which synergizes invoice processing from a centralized office based in Noida (Delhi [...]

New Delhi, Mar 22 (PTI) State-owned engineering firm BHEL on Tuesday said it has appointed Upinder Singh Matharu its Director (Power).Matharu has assumed the charge at the company."On his appointment as Director on the Board of Bharat Heavy Electricals Limited (BHEL), Upinder Singh Matharu, 58, has assumed charge as Director (Power) of the Public Sector [...]

Mumbai, Mar 22 (PTI) In the industry's first, pharma major Glenmark has raised USD 228 million in sustainability-linked loan (SLL) from a consortium of foreign lenders, led by Bank of America. Bank of America, the sole underwriter of the entire loan, has extended USD 50 million, and Cincinnati, Ohio-based Fifth Third Bank chipped in with 30 [...]

New Delhi, Mar 22 (PTI) The Central Consumer Protection Authority (CCPA) has ordered discontinuation of certain misleading advertisements of Sensodyne toothpaste within seven days and imposed a penalty of Rs 10 lakh on the manufacturer. An official release on Tuesday stated that advertisements of Sensodyne products which make the claims 'Recommended by dentists worldwide' and [...]

Gwalior, Mar 22 (PTI) The Madhya Pradesh cyber police have directed various telecom companies to block SIM cards issued on fake identity proofs, following which a leading firm has blocked nearly 8,000 SIM cards, a senior official said on Tuesday. Acting on the complaint of a person who was allegedly duped of Rs 1.75 lakh [...]

Chennai, Mar 22 (PTI): Industrial artificial intelligence and software as a service enterprise provider Detect Technologies on Tuesday said it has signed a global agreement with energy company Shell to deploy its integrated AI Solution 'T-Pulse' across operations of the Shell. This makes Detect -- the first technology start up which was part of the [...]

Mumbai, Mar 22 (PTI) Integrated charging infratech firm EVRE on Tuesday said it has raised capital in a pre-series funding round led by Acko Technology & Services and CreedCap Asia Advisors. The fresh capital will be deployed in capacity expansion and R&D, EVRE said in a statement. Financial details of the deal were not disclosed. [...]

Mumbai, Mar 22 (PTI) Rupifi, an embedded fintech player operating in the B2B payments space through its buy-now-pay- later (BNPL) and SME-focused commercial cards, has secured USD 8 million debt from venture capital funds led by Alteria Capital, Trifecta Capital, and Innoven Capital. This funding is an extension of USD 25 million series-A round that [...]

New Delhi, Mar 22 (PTI) Telecom operator Bharti Airtel on Tuesday said it has enhanced parental policy benefits for its employees by including special childcare allowance and flexible working option for new mothers with an aim to drive diverse and inclusive workplace goals. Apart from 26 weeks of maternity leave, women employees returning to work [...]

New Delhi, Mar 22 (PTI) Leading textile manufacturer Arvind on Tuesday said it has appointed Swayam Saurabh as its Chief Financial Officer with effect from March 22.Saurabh was earlier the CFO of ride-hailing app Ola.He will replace Jayesh Shah, who will continue as a whole-time director of the company and Group CFO, Arvind said in [...]

Chennai, Mar 22 (PTI): Equinix, a digital infrastructure company on Tuesday said it would invest over USD 9 million to acquire land on a long-term leasehold basis as part of its expansion and growth strategy in the city. The parcel of land located in State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Siruseri on the [...]

Mumbai, Maharashtra, India (NewsVoir) • The company inspires youth to contribute to its mission of improving and connecting 25 Cr. Indian households • The campaign aims at attracting talent in IT, Analytics, Research and operations, calls for 5000 youth Axis My India, a leading consumer data intelligence company today announced the launch of, Mission India, [...]

New Delhi, Mar 22 (PTI) Brussels-based World Refractories Association (WRA) has appointed RHI Magnesita India MD and CEO Pramod Sagar as its president.Sagar is also the chairman of the domestic industry body Indian Refractory Makers Association (IRMA)."He (Sagar) has become the first from entire Asia to be appointed for the Presidentship of the global apex [...]

New Delhi, Mar 21 (PTI) Health tech startup FutureCure Health has secured around USD 4 million (about Rs 30.4 crore) in series A funding round from RVCF India Growth Fund, Unicorn India Ventures, Kotak Investment Advisor Limited, and other investors, the company said on Monday. The company plans to use the funds for developing technologies [...]

New Delhi, Mar 21 (PTI) City-based edtech platform Leverage Edu has raised USD 22 million in series B funding round from several investors, including Kaizenvest Private Equity, DSP Mutual Fund Group, Artha Ventures, etc. Blume Ventures, DSG Consumer Partners, Tomorrow Capital, Chona Group (behind Havmor), FMCG player Vicco, Mankind Pharma, Trifecta Ventures and Bennett Coleman [...]

New Delhi, Mar 21 (PTI) Shankara Building Products Ltd's Managing Director Sukumar Srinivas on Monday offloaded over 10 lakh shares of the company for Rs 75 crore through an open market transaction. According to the block deal data on NSE, he sold 10 lakh shares at an average price of Rs 755 apiece. This took [...]

New Delhi, Mar 21 (PTI) Capital markets regulator Sebi on Monday imposed penalties totalling Rs 15 lakh on three entities for indulging in non-genuine trades in illiquid stock options on BSE. In three separate orders, the regulator levied a fine of Rs 5 lakh each on Sanjay Bansal, Abhishek Sheth HUF and Abhishek Mall. The [...]

New Delhi, Mar 21 (PTI) The board of state-run REC on Monday approved a proposal to raise up to Rs 85,000 crore in 2022-23 which includes Rs 75,000 crore from different type of bonds, term loans, external commercial borrowing among others. "The Board of Directors of REC Ltd in its meeting held on March 21, [...]

New Delhi, Mar 21 (PTI) Film exhibition major PVR Ltd on Monday announced the launch of its movie non-fungible token (NFT) 'PVRRR' in association with DVV Entertainment, the producers of the upcoming movie RRR, as it looks to add another avenue for promoting movies. The PVRRR NFTs, which are powered by ngageN, will be available [...]

New financing secured from Aseem Infrastructure Finance Limited, NIIF Infrastructure Finance Limited and Aditya Birla Finance Limited New Delhi, Delhi, India (NewsVoir) Sterlite Power, a leading power transmission developer and solutions provider, announced the successful refinancing of its project loan for the recently commissioned Khargone Transmission Project. The new financing from Aseem Infrastructure Finance Limited [...]

Coimbatore, Mar 21 (PTI) Suguna Foods, a poultry company, on Monday announced the appointment of Vignesh Soundararajan as its new managing director effective from April 1. Vignesh would power the expansion plan of the company in the segment and focus on strengthening the footprint of the brand across the country, a press release from the [...]

Mumbai, Mar 21 (PTI) Sanitaryware major Asian Granito on Monday announced a Rs 500-crore rights issue to fund its expansion plans. Under this expansion, the company plans to set up three manufacturing units at an investment of around Rs 300 crore in luxury surfaces and bathware segments. The proceeds from the Rs 500-crore rights issue will [...]

Chennai, Tamil Nadu, India (NewsVoir) • The funds will be utilized to support the growth momentum of the Company. Provet Pharma Private Limited, headquartered in Chennai, one of the fast-growing animal health care companies in India, raises an undisclosed amount from N+1 Capital, one of India's largest revenue-based growth capital funds. The Company will be [...]

New Delhi, Mar 21 (PTI) B2B trade platform Bizongo has acquired IoT and real-time location services (RTLS) solutions provider Clean Slate Technologies for an undisclosed amount, the company said on Monday. Through this acquisition, Bizongo aims to equip more than 100 Indian factories with its IoT-powered cloud factory solution by 2023, Bizongo said in a [...]

New Delhi, Mar 21 (PTI) Inflection Point Ventures (IPV), an angel investment platform, on Monday announced the launch of its new fund Physis Capital that will have a corpus of USD 50 million (about Rs 380 crore). The new fund aims to build a portfolio of 15-20 startups with an average ticket size of USD [...]

New Delhi, Mar 21 (PTI) The government is holding roadshows for IDBI Bank privatisation and will come out with EoI after assessing investor interest, Minister of State for Finance Bhagwat Karad said on Monday.The Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control [...]

New Delhi, Mar 21 (PTI) As many as 11 banks have recovered nearly Rs 61,000 crore by way of one-time settlement in nearly four financial years, the government informed Parliament on Monday.The figures are for the last three financial years and up to December 2021 of the current fiscal.As per instructions of the Reserve Bank, [...]

New Delhi, Mar 21 (PTI) E-sports firm Mobile Premier League has earmarked Rs 2,000 crore for a two-month-long multi-sport online mobile gaming tournament Great Indian Gaming League, starting from March 24, the company said on Monday.The tournament may see 3.5 million winners across multiple games and could potentially create thousands of winners between Rs 1 [...]

New Delhi, Mar 21 (PTI) Internet commerce company Meesho on Monday announced the appointment of Harsh Chaudhary to lead monetisation.The company, in a statement, said Chaudhary will lead the team that bolsters revenue generation from Meesho's various business units.  Meesho has "announced the appointment of Harsh Chaudhary as CXO for monetisation", the statement said.His appointment [...]

Kolkata, Mar 21 (PTI) Syama Prasad Mookerjee Port (SMP), Kolkata opened a new chapter in cargo handling by commencing ship-to ship (STS) operations for LPG cargo bound for Bangladesh, an official statement said. Apart from ushering a new in the Indo-Bangladesh relations, it will also open connectivity between SMP Port Kolkata and Mongla Port of [...]

HYDERABAD, India, March 21, 2022 /PRNewswire/ -- Powerkids Entertainment Private Limited ("Powerkids") is pleased to announce the appointment of Manoj Mishra as Chief Executive Officer. Powerkids focuses on children's animation through the development, management and monetization of entertainment content. Mr. Mishra has been intimately involved in the development, operations and commercialization of many popular children's [...]

New Delhi, Mar 21 (PTI) Alembic Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic version of Lacosamide tablet, indicated for the treatment of partial-onset seizures in patients of 4 years of age and older.The approval by the US Food & Drug Administration (USFDA) is for [...]

New Delhi, Mar 21 (PTI) Hospitality industry body Hotel Association of India on Monday said it has re-elected Indian Hotels Company MD and CEO Puneet Chhatwal as its President.The executive committee, in recognition of the current team's efforts in the period of the last two extremely difficult pandemic-ridden years, decided unanimously to re-elect the management [...]

New Delhi, Mar 21 (PTI) Adani Green Energy has raised USD 288 million (about Rs 2,188 crore ) for the construction of its renewable energy projects."Adani Green Energy Ltd (AGEL) has extended its Construction Financing Framework to USD 1.64 billion by raising a USD 288 million facility for its under-construction renewable asset portfolio through definitive [...]

New Delhi, Mar 21 (PTI) Strides Pharma Science on Monday said it has inked a sub-license agreement with Medicines Patent Pool to commercialise a generic version of Pfizer's COVID-19 oral treatment drug in 95 low and middle-income markets.The Pfizer product has been authorised as a COVID-19 oral therapy for emergency use in the US and [...]

New Delhi, Mar 21 (PTI) A Wockhardt unit has tied up with a subsidiary of Serum Institute of India to set up a new vaccine manufacturing facility in Wrexham, North Wales (UK).According to a statement, the collaboration between Wockhardt UK and Serum Life Sciences UK Ltd will help create a considerable number of employment opportunities [...]

MUMBAI, India, March 21, 2022 /PRNewswire/ -- Glenmark Pharmaceuticals Inc., USA (Glenmark) has received final approval by the United States Food & Drug Administration (U.S. FDA) for its Lacosamide Tablets1 USP, 50 mg, 100 mg, 150 mg and 200 mg, the generic version of Vimpat®2 Tablets, 50 mg, 100 mg, 150 mg and 200 mg [...]

New Delhi, Mar 21 (PTI) The lenders of the debt-ridden textiles maker Sintex Industries have approved the joint bid of Reliance Industries and Assets Care & Reconstruction Enterprise to acquire the firm under the insolvency resolution process.The Committee of Creditors (CoC) of Sintex Industries has unanimously voted in favour of the resolution plan by Reliance [...]

Kochi, Mar 20 (PTI) Catering to aspirations of the new crop of employees and employers, especially in the post-pandemic phase, leading co-working space provider SpazeOne has launched its first centre in Kerala at a mall here. The co-working centre that has come up in a 5,000 sq ft space at Abad Nucleus Mall in Maradu [...]

New Delhi, Mar 20 (PTI) Nearly one-third of total office spaces in six major cities have been certified as green buildings, as real estate developers are focusing more on sustainability aspects in their projects, according to CBRE.In its report 'Indian Real Estate's ESG (environmental, social and governance) Landscape and its Progress to a Sustainable Future', [...]