Latest News on Corporate Actions

Mumbai, Dec 22 (PTI) Hyperlocal and EV-based last-mile delivery start-up Zypp Electric has partnered with Flo Mobility to expand its footprint in the autonomous electric vehicles space, with the collaboration focussing on deliveries in the Delhi-NCR region, according to a statement released said on Wednesday. Zypp said it aims at providing autonomous navigation solutions for [...]

New Delhi, Dec 22 (PTI) E-commerce major Amazon on Wednesday said it will acquire Prione Business Services - its joint venture firm with Catamaran, subject to requisite regulatory approvals. In August, Amazon and NR Narayana Murthy's Catamaran had announced that they will not continue their joint venture, Prione Business Services, beyond May 2022. "Prione Business [...]

New Delhi Dec 22 (PTI) ABB India on Wednesday said its board has decided to incorporate a wholly-owned subsidiary to which it will sell its turbocharger business for Rs 310 crore.In June 2021, ABB India had informed bourses regarding its proposal to divest/sell its turbocharger business in the Process Automation business segment.A regulatory filing stated, [...]

New Delhi, Dec 22 (PTI) Tata Medical & Diagnostics on Wednesday said it has indigenously developed a fast-testing solution for COVID-19 to significantly boost India's testing capacity amid the Omicron variant threat.The solution, Tata MD CHECK Express RT-PCR, can be applied in multiple areas where quick, high volume, and reliable testing is required, such as [...]

New Delhi, Dec 22 (PTI) Drug firm Zydus Cadila on Wednesday said it has received approval from the US health regulator to market Pimavanserin tablets, used in the treatment of certain mental disorders, in the American market. The company has received tentative approval from the US Food and Drug Administration (USFDA) to market Pimavanserin tablets [...]

New Delhi, Dec 22 (PTI) Hyundai Motor India on Wednesday said it has tied up with ace golfer Aditi Ashok.Under the two-year partnership, Ashok will be representing the brand in the national and international tournaments.Through this association, the company aims to strengthen the brand's voice, spirit and innovative approach to further prioritise customer interests, and [...]

New Delhi, Dec 22 (PTI) Diversified business entity ITC on Wednesday said its Master Chef frozen snacks has entered into a strategic partnership with Havmor Ice Cream, owned by South Korean conglomerate Lotte group, to enhance distribution reach. The partnership will enable ITC Master Chef to leverage 100 Havmor Ice Cream carts to make available [...]

New Delhi, Dec 22 (PTI) Hospitality firm OYO on Wednesday said it has appointed ex-Apple executive Nirdosh Chouhan as Senior Vice President of Engineering and former Swiggy official Kranthi Mitra Adusumilli as Senior Principal Data Scientist.Chouhan, who has over 18 years of industry experience, will spearhead OYO's Core Engineering Platform that plays a critical role [...]

New Delhi, Dec 22 (PTI) Business services provider Quess Corp on Wednesday said group firm Monster.com, an online talent platform, has raised up to Rs 137.5 crore in a funding round led by Akash Bhanshali of Volrado Venture Partners and Mohandas Pai of Meridian Investments.Quess Corp also participated in the funding round.After the funding round, [...]

Bengaluru, Dec 22 (PTI) Supply chain robotics technology company Unbox Robotics announced on Wednesday it raised USD seven million in a Series-A round led by 3one4 Capital with participation from Sixth Sense Ventures and Redstart Labs (Info Edge). The round also saw participation from Unbox Robotics' founders Pramod Ghadge, Shahid Memon and its CPO Rohit [...]

Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]

New Delhi, Dec 21 (PTI) Air India shelled out an "avoidable" penalty of Rs 43.85 crore to Boeing for non-adherence with the contractually stipulated timelines under the agreement for an aircraft component service programme, according to CAG. The penalty amount was paid in August last year for the July 2016 to December 2019 period. The [...]

New Delhi, Dec 21 (PTI) Vedanta on Tuesday said it has distributed thousands of re-usable face masks to commuters and marketeers in Zambian cities of Chingola and Chililabombwe, and moved to raise public awareness about the rising cases of Omicron, the new variant of coronavirus. "On Monday, Vedanta has distributed 4,000 masks to commuters and [...]

Kolkata, Dec 21 (PTI) Multi-business conglomerate ITC Ltd has raised its holding to 27.34 per cent in Delectable Technologies, a company that operates the Azgo app and vending machines selling snacks and other fast-moving consumer goods.ITC informed the bourses on Tuesday that it has acquired on December 20, in the third tranche, 1,964 Compulsorily Convertible [...]

New Delhi, Dec 21 (PTI) Shareholders of MOIL have approved the proposal to buy back over 3.38 crore equity shares, the company said on Tuesday. In a filing to the BSE, MOIL said the Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as record date for determining [...]

New Delhi, Dec 21 (PTI) Microfinance lender CreditAccess Grameen on Tuesday said it will make further investment into subsidiary MMFL up to Rs 250 crore. The company's shareholders in July this year had approved investment in Madura Micro Finance Limited (MMFL), a material subsidiary of CreditAccess Grameen. "The board of directors at their meeting held [...]

New Delhi, Dec 21 (PTI) Apex auditor CAG on Tuesday pulled up state-owned ONGC for flaring of high-pressure gas valued at Rs 816.08 crore in the Mumbai High Field during 2012-13 to 2019-20, due to the non-availability of standby process gas compressors, power shutdowns and frequent tripping of process gas compressors. The Comptroller Auditor General [...]

New Delhi, Dec 21 (PTI) Serum Institute of India (SII) Chief Adar Poonawaalla has picked up a 20 per cent stake in Wakau Interactive, a short-video sharing platform and a subsidiary of JetSynthesys, for an undisclosed amount. Poonawalla joins superstar Amitabh Bachchan as Wakau's league of investors. Financial details of the transaction were not disclosed. [...]

New Delhi, Dec 21 (PTI) JSW Energy (Barmer) Ltd has completed buy back of 100 crore equity shares for Rs 1,000 crore, the company said on Tuesday. "JSW Energy (Barmer) Limited, a wholly owned subsidiary of the Company, has completed the buyback of 100,00,00,000 equity shares of Rs 10 each at par aggregating to Rs [...]

New Delhi, Dec 21 (PTI) Value e-commerce marketplace Snapdeal plans to expand into omni-channel distribution using an asset-light model, invest in a portfolio of "power brands" and continue to grow its unit Unicommerce within India and international markets as part of its growth strategy. According to Snapdeal's preliminary documents filed with markets regulator Sebi on [...]

New Delhi, Dec 21 (PTI) Manappuram Finance on Tuesday said it plans to raise up to Rs 500 crore by issuing bonds. A meeting of the company's Financial Resources and Management Committee of the Board of Directors will be held on December 24 to decide on the capital raise plan. "The company is desirous of [...]

New Delhi, Dec 21 (PTI) Air India shelled out an "avoidable" penalty of Rs 43.85 crore to Boeing for non-adherence with the contractually stipulated timelines under the agreement for an aircraft component service programme, according to CAG. The penalty amount was paid in August last year for the July 2016 to December 2019 period. The [...]

New Delhi, Dec 21 (PTI) Sunfuel Electric has collaborated with Radisson Hotel Group to provide captive electric vehicle (EV) charging stations across its hotels in India. "Sunfuel Electric, a prominent EV charging player focused on providing destination charging to hotels in India, is joining hands with Radisson Hotel Group, one of the world's largest and [...]

New Delhi, Dec 21 (PTI) The Competition Commission of India has given approval to the acquisition of a controlling stake in Forbes Enviro Solutions by Lunolux Limited. The proposed combination pertains to the acquisition of controlling stake in Forbes Enviro Solutions Ltd (FESL) through the primary acquisition of up to 72.56 per cent stake and [...]

Mumbai, Maharashtra, India (NewsVoir) • The Equity Shares admitted to dealings from Tuesday, 21st December, 2021 on the Main Board-Capital Market Segment of National Stock Exchange of India Limited and BSE Limited.• The script ended on BSE at Rs. 48.35/- (4.88 %) & on NSE at Rs. 48/- (4.12%) on the day of the Migration [...]

Mumbai, Dec 21 (PTI) Iconic British premium motorcycle maker Triumph Motorcycles on Tuesday said it has added nine motorcycles to its existing portfolio of 18 motorcycles with the launch of its new range of Gold Line and Special Edition bikes in the domestic market. Triumph Motorcycle India's portfolio now consists of 27 bikes. Of the [...]

New Delhi, Delhi, India (NewsVoir) Chiratae Ventures (Formerly IDG Ventures, India), and Lenskart Vision Fund invests $4 million as part of Adloid’spre series-A funding, to fuel the next level of growth and product evolution. The round also saw participation from Easemytrip Co-founder Prashant Pitti, Seeders, and 100x Entrepreneur. With this round, Adloid is rebranding to [...]

New Delhi, Dec 21 (PTI) Markets regulator Sebi has disposed of a case of alleged insider trading against Dish TV India's corporate promoter Direct Media Distribution Ventures Pvt Ltd. It was alleged that it had violated provisions of prohibition of insider trading norms, as per an order passed on Tuesday. The order follows an investigation [...]

Mumbai, Maharashtra, India (NewsVoir) • The companies work together to provide consumers choice - strengthening the ease, safety, and security of digital payments in India • Mastercard cards on Axis Bank, Federal Bank, HDFC Bank, HSBC, RBL Bank, and SBI Card are live Mastercard and Google today announced the rollout of tokenization that will enable [...]

The Indian Oil Corporation (IOC) acquired a 4.93% stake in IGX for a cost of ~3.7 crores.This is an opportunity for IOC to be a part of India’s natural gas market, and eventually gain a leadership position.IOC’s board has approved an investment of ₹9,028 crores, for laying a crude oil pipeline from Mundra in Gujarat [...]

New Delhi, Dec 21 (PTI) Enphase Energy India on Tuesday announced the commissioning of a rooftop solar project of 103 kilowatts-peak (kWp) in Bengaluru. Without disclosing any financial details, the company said the project has been installed for IndiQube Lakeside, a co-working space provider. The generated solar power will help meet 25 per cent of [...]

London, Dec 21 (PTI) Leading London-based entrepreneur Lord Swraj Paul has revealed acquisition plans in the UK and India in the coming months, once the “very dark times” of the Omicron variant related COVID-19 surge abates. The 90-year-old founder of Caparo Group said this week that his team had identified a few potential acquisitions, which [...]

New Delhi, Dec 21 (PTI) State-owned power giant NTPC has planned to have a total renewable energy (RE) capacity of 35 gigawatts (GW) by 2027 and is expected to generate 10 billion units (BU) of green energy in 2022-23, Parliament was informed on Tuesday. "The expected green energy generation by NTPC in the next fiscal [...]

New Delhi, Dec 21 (PTI) Go Digit General Insurance has received capital infusion of Rs 5 crore from R S Filmcraft, the new-age general insurance company said on Tuesday. RS Filmcraft (OPC) has invested Rs 50 million (Rs 5 crore) in Go Digit General Insurance, the insurer said in a release. Go Digit is a [...]

New Delhi, Dec 21 (PTI) Liquor maker Tilaknagar Industries Ltd on Tuesday said it has raised Rs 126 crore through preferential allotment of equity shares and convertible warrants to Lotus Family Trust and two promoter entities. The company, one of the leading Indian-made foreign liquor (IMFL) manufacturers, has issued 1.19 crore equity shares at Rs [...]

New Delhi, Dec 21 (PTI) Private sector lender CSB Bank on Tuesday said it has been empanelled as an 'agency bank' by the Reserve Bank of India (RBI) to undertake general banking business of central and state governments. This appointment will allow CSB Bank to undertake general banking business of the central and state governments [...]

New Delhi, Dec 21 (PTI) Homegrown pharmaceuticals entity MSN Group on Tuesday said its US-based wholly-owned subsidiary has successfully completed its maiden audit by the USFDA with zero observations.The dosages facility of MSN Pharmaceuticals Inc, based out of Piscataway, New Jersey, was established to bolster the group's product portfolio as well as contract development and [...]

Kochi, Dec 21 (PTI) Kerala Blasters FC has announced its partnership with leading poultry conglomerate Suguna Foods’ newly launched brand, Delfrez for the ongoing season of ISL 2021-22. Delfrez is a chain of retail outlets that operates under the processed food division of Suguna Foods Pvt. Ltd, a pioneer in broiler farming, hatcheries, feed mills, [...]

Mumbai, Dec 21 (PTI) Predictive analytics solutions provider Intangles Lab is looking to consolidate its presence across the country besides multiplying its operational footprint across the southern part of the country by March next year, the company said on Tuesday. The company also said that with many markets opening and emerging from the post-pandemic slump, [...]

New Delhi, Dec 21 (PTI) Honda Motorcycle and Scooter India (HMSI) on Tuesday said it has initiated exports of NAVi bike via Honda de México to the US market. HMSI had commenced export of NAVI CKD kits to Mexico in July 2021 and has so far dispatched over 5,000 kits to the country. "The NAVi [...]

New Delhi, Dec 21 (PTI) ZR Power Holdings has inked a pact with the Maharashtra government to build sustainable energy manufacturing plants/data centres having world-class facilities in Pune and Navi Mumbai with a development potential of Rs 1,200 crore."ZR Power Holdings Limited, a leading energy producer from Hyderabad has embarked on a new journey by [...]

Mumbai, Dec 21 (PTI) The country's largest lender State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd with an investment of Rs 100 crore via compulsorily convertible preference shares (CCPS).This capital infusion will support JSW Cement's capacity expansion from the current 14 million tonnes per annum to 25 MTPA, a [...]

Mumbai, Dec 21 (PTI) Pre-owned car retailing platform Spinny on Tuesday announced the completion of USD 12 million (about Rs 90 crore) ESOP buyback for its current and former employees.This is the first ESOP (employee stock ownership plan) buyback that Spinny, which recently onboarded former cricketer Sachin Tendulkar as a strategic investor, has facilitated.ESOP is [...]

New Delhi, Dec 21 (PTI) Octopus Energy and Sterlite Power have inked a pact to help decarbonise the Indian industry and bring cheaper green power to consumers around the world."Energy technology pioneer Octopus Energy Group and leading Indian power transmission player Sterlite Power have signed an agreement that aims to help decarbonise Indian industry and [...]

New Delhi, Dec 21 (PTI) Leading agro-chemical firm Dhanuka Agritech on Tuesday announced it has signed an MoU with Uttarakhand-based Govind Ballabh Pant University of Agriculture and Technology GBPUAT) to jointly conduct research in crop protection chemicals. The memorandum of understanding (MoU) was signed by Director of Experiment Station Ajeet Singh Nain on behalf of [...]

New Delhi, Dec 21 (PTI) Axis Bank on Tuesday said The Oriental Insurance Company has been categorised to public category from promoter category shareholder in the bank. In October, applications were made to BSE and NSE for reclassification of The New Oriental Insurance Co to public category from promoter category. "In this regard...BSE and NSE [...]

Bengaluru, Dec 21 (PTI) The State Bank of India (SBI) has acquired a minority stake in JSW Cement Limited, part of USD 13 billion JSW Group. The PSU Banking behemoth has invested Rs 100 crore in the company via compulsorily convertible preference shares (CCPS), a JSW Cement statement said on Tuesday. "The conversion of such [...]

New Delhi, Dec 21 (PTI) Piramal Pharma on Tuesday said it has invested Rs 101.77 crore in Hyderabad-based Yapan Bio to augment the capabilities of its contract development and manufacturing organisation (CDMO) business.The Mumbai-based company has acquired a 27.78 per cent stake in Yapan as a result of the investment.The investment will allow Piramal Pharma [...]

BANGALORE, India, Dec. 21, 2021 /PRNewswire/ -- Construction Robotics Startup, Pace Robotics, has raised seed investment from Pidilite Industries Ltd, who has acquired an equity stake of 19.5% in the company. The fund will be used for product development and core team expansion. Founded in 2020 by Ayushmoy Roy and Srinivas K Pai, the startup [...]

New Delhi, Dec 21 (PTI) B2B e-commerce marketplace for food and grocery products Jumbotail on Tuesday said it has raised USD 85 million (about Rs 643.6 crore) in funding led by Artal Asia Pte Ltd, an affiliate of Invus.Ajax Capital, the family office of veteran FMCG entrepreneur Ajay Gupta, also participated in the Series C [...]

New Delhi, Dec 21 (PTI) Feminine hygiene startup Sirona on Tuesday said it has raised Rs 100 crore in funding from Good Glamm Group. The round also saw secondary buyout with early investors including seed and angel investors taking an exit, a statement said. Sirona - which makes products like PeeBuddy and menstrual cups - [...]

New Delhi, Dec 21 (PTI) Gruhas Proptech, backed by Zerodha promoter and Puzzolana Group, plans to launch a USD 150 million proptech focussed fund in the first quarter of next financial year that will invest in incubators, startups and special situations, its officials said. The company is currently in discussion with the large global investors [...]

Bengaluru, Dec 21 (PTI) Jumbotail, a retail platform and B2B ecommerce marketplace for food and grocery products, on Tuesday said it has raised an USD 85 million Series C round led by Artal Asia Pte. Ltd., an affiliate of Invus, a global equity investment firm with over USD ten billion of evergreen capital under management. [...]

New Delhi, Dec 20 (PTI) State-owned Union Bank of India (UBI) on Monday said it has raised Rs 1,500 crore by issuing bonds to be added as tier-I capital. "The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds on the nature of debentures aggregating to Rs 1,500 [...]

New Delhi, Dec 20 (PTI) Competition Commission has approved Tata Group's proposed acquisition of debt-laden Air India as well as its two subsidiaries. The Rs 18,000 crore-deal that includes the winning bidder Talace taking over Rs 15,300 crore-worth debt, is a major step in the government's efforts over the years to revive the ailing airline. [...]

New Delhi, Dec 20 (PTI) Prime Minister Narendra Modi on Monday met with chief executives of leading companies across sectors ranging from banking to telecom, to health and electronics, for inputs for the next year's Budget. Last week, he had met with leading private equity/ venture capital players to seek suggestions on making India a [...]

New Delhi, Dec 20 (PTI) Adani Enterprises Ltd (AEL) on Monday said it has received the letter of award from Uttar Pradesh Expressways Industrial Development Authority to implement three major stretches of the greenfield Ganga Expressway. In a statement, the company also said the project cost is over Rs 17,000 crore and this is India's [...]

New Delhi, Dec 20 (PTI) Competition Commission has approved Tata Group's proposed acquisition of Air India, Air India Express and AISATS. Talace Pvt Ltd, part of Tata Group, is to acquire 100 per cent stakes in Air India, Air India Express and 50 per cent shareholding in Air India SATS Airport Services Pvt Ltd (AISATS) [...]

Hyderabad, Dec. 20 (PTI): Bharat Biotech has sought the Drug Controller General of India’s approval to conduct phase-3 trials of its COVID-19 intranasal vaccine (BBV154) to use as booster dose, sources said on Monday. “The application has been filed and the company is awaiting approval from the drug regulator. The intranasal vaccine will be administered [...]

Amaravati, Dec 20 (PTI) A delegation of officials from Shree Cement on Monday met Chief Minister YS Jagan Mohan Reddy and held discussions for setting up a Greenfield Cement plant in Guntur district at an estimated cost of Rs 1,500 crore. During the meeting with the company officials, the Chief Minister discussed how Andhra Pradesh [...]

New Delhi, Dec 20 (PTI) RBL Bank on Monday said it has raised Rs 5.20 crore through a corporate social responsibility (CSR) initiative focused on cycling in a bid to support education of underprivileged and special needs children. The private sector lender-organised its 8th edition of cyclothon which had 159 cyclists pedal over 1.14 lakh [...]

New Delhi, Dec 20 (PTI) Apraava Energy on Monday said it has acquired a 49 per cent equity stake in Kohima-Mariani Transmission Ltd from Kalpataru Power Transmission Ltd and Techno Electric and Engineering Company Ltd, for an undisclosed amount. "Apraava Energy, a leading investor in the Indian power sector, today (on Monday) announced that it [...]

New Delhi, Dec 20 (PTI) edustoke, an online platform that provides information and expert advice on school admissions, on Monday said it plans to expand its services to 45 cities in India and abroad by the first half of 2022. The platform is currently servicing 15 cities in the country. The brand is looking to [...]

New Delhi, Dec 20 (PTI) Fitness and wellness startup Cult.fit on Monday said it has acquired at-home cardio equipment brands - RPM fitness, Fitkit and Onefitplus. The deal size was not disclosed. Cult is also making a foray into outdoor bicycles business with acquisition of brand Urban Terrain. "The brands were built and scaled by [...]

New Delhi, Dec 20 (PTI) Wipro on Monday said it will acquire Austin, Texas-headquartered Edgile for USD 230 million, a move that will strengthen the IT major's play in the cybersecurity services space. Edgile's experienced cybersecurity and risk management professionals will allow Wipro to further enhance its cybersecurity and risk consulting capabilities for the benefit [...]

New Delhi, Dec 20 (PTI) Adloid, a metaverse and augmented reality builder platform for creators and brands, on Monday said it has raised USD 4 million (about Rs 30.3 crore) in funding from Chiratae Ventures, Lenskart Vision Fund and others. With this round, Adloid is rebranding to Metadome and provide no-code infrastructure to creators and [...]

The cleantech company plans to utilize this investment towards ramping up manufacturing capabilities, R&D and pan-India expansion PUNE, India, Dec. 20, 2021 /PRNewswire/ -- Pi Green Innovations, a cleantech company committed to creating sustainable solutions for a greener future has announced that it has secured over $4.5 million in Series A funding. The round was [...]

New Delhi, Dec 20 (PTI) TVS Motor Company on Monday said it has partnered with location technology provider what3words to offer a seamless and accurate navigation experience to its two-wheeler customers. The company has integrated the innovative location technology of what3words into its customer app – TVS Connect, which the users can share and navigate [...]

New Delhi, Dec 20 (PTI) Mahindra group on Monday said it has signed of a memorandum of understanding (MoU) with the Maharashtra government for setting up multiple vehicle-scrapping units in the state. Mahindra MSTC Recycling Pvt Ltd, which operates recycling facilities under the Cero brand, already has a recycling facility at Pune and is looking [...]

- Witnesses surge in zero-cost EMIs in non-traditional categories like cameras, computer accessories, audio systems and kitchen durables BENGALURU, India, Dec. 20, 2021 /PRNewswire/ -- Croma, India's first omnichannel electronics retailer from the Tata Group, has partnered with Innoviti Payment Solutions, introducing Innoviti's G.E.N.I.E technology across their stores enabling zero-cost EMI on purchase of any [...]

MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]

New Delhi, Dec 20 (PTI) Global engineering and product development digital services firm Tata Technologies on Monday said it has been selected by European aerospace major Airbus as a strategic supplier. The company will become an engineering, manufacturing engineering and services strategic supplier (EMES3), Tata Technologies said in a statement. "This is an outcome of [...]

New Delhi, Dec 20 (PTI) Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds. In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and [...]

New Delhi, Dec 20 (PTI) Razorpay has raised USD 375 million (about Rs 2,850 crore) in fresh funding from Lone Pine Capital and others at a valuation of USD 7.5 billion, which has more than doubled since the fintech major's last funding round in April this year, its co-founder and CEO Harshil Mathur said. Speaking [...]

Mumbai, Dec 19 (PTI) The country's largest airline IndiGo is working with other industry players and the civil aviation ministry to address the "long standing problem" of high indirect tax rate, which currently stands at 21 per cent, according to its chief Ronojoy Dutta. In his Christmas and New Year greetings to the employees, the [...]

New Delhi, Dec 19 (PTI) Essar Group promoters Ravi and Prashant Ruia met with Vietnamese leadership as they looked for investment opportunities and potential business collaborations in the South East Asian nation, the company said on Sunday. Essar Exploration and Production Ltd (EEPL) and ENI of Italy have a significant investment in Block 114, located [...]

Mumbai, Dec 19 (PTI) Boosted by the pandemic, the ESG (environment social and governance)-focused mutual fund assets have grown 4.7 times between November 2019 and November 2021 with the cumulative AUM crossing Rs 12,320 crore among 10 funds, and is on course to grow much bigger as more such schemes are being launched, says a [...]

New Delhi, Dec 19 (PTI) Drug major Cipla on Sunday said it has received approval from the US health regulator to market the Lanreotide injection, used for the treatment of acromegaly and gastroenteropancreatic neuroendocrine tumors, in the American market. The company said it has received final approval for Lanreotide Injection from the US Food and [...]

New Delhi, Dec 19 (PTI) Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets. In an interview with PTI, the company's Managing Director [...]

New Delhi, Dec 19 (PTI) State-owned NHPC has plans to set up new hydro and solar projects of more than 27,000 MW capacity in nine states and neighbouring country Nepal, the company's CMD Abhay Kumar Singh said. The new capacities would come up in Uttar Pradesh, Bihar, Odisha, Rajasthan, Tamil Nadu, Kerala, Maharashtra, Andhra Pradesh [...]

Mumbai, Dec 19 (PTI) Consumer supply-chain firm Steller Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment commitment of Rs 30,000 crore in 4-5 years, a top official of the company said. The new facilities will cater to the increased demand for warehousing [...]

Jaipur, Dec 18 (PTI) Vedanta Group Chairman Anil Agarwal met Rajasthan Chief Minister Ashok Gehlot here on Saturday. According to an official spokesperson, during this meeting, the Chief Minister informed him about the policy decisions taken to promote industries in the state.  He informed that the state government has issued solar, wind and hybrid energy [...]

Mumbai, Dec 18 (PTI) Tata group firm Tata Realty and Infrastructure Ltd on Saturday announced an investment of Rs 5,000 crore to develop a premium IT park project in Navi Mumbai as it expects demand for office and data centre spaces to rise in coming years. In an interview with PTI, Tata Realty and Infrastructure [...]

Under Montra brand, products will be introduced in three segments - last-mile commute, last-mile delivery and personal mobility Chennai, Tamil Nadu, India (NewsVoir) TI Cycles of India (TII), part of the Murugappa Group, today, announced Montra brand to lead its Electric Vehicle (EVs) business. Montra, an existing brand under TII has stood for achievement, strength, [...]

New Delhi, Dec 18 (PTI) With an aim to recover investors' money, markets regulator Sebi will auction eight properties of Vishwamitra International Infra next month for a reserve price of Rs 2.8 crore.       These properties are vacant lands located in West Bengal, the Securities and Exchange Board of India (Sebi) said in [...]

Bengaluru, Karnataka, India – Business Wire India Twin Health, makers of the Whole-Body Digital Twin™ technology, today announced the appointment of Prabh Singh as the CEO for its India operations. Founded in 2018, Twin Health invented the Whole-Body Digital Twin™ to reverse and prevent chronic metabolic diseases like Type 2 Diabetes, while improving energy and [...]