Page 3 - Anjali Singh

Biocon shares gain 6.5% after Viatris sells its stake in a block deal

Biocon shares climbed 6.5 per cent after reports of Viatris unit Mylan's planned stake sale, with analysts saying the move is a financial decision that removes a long-standing overhang

Auto deal activity falls to 3-year low; capital flows to EV, mobility firms

India's automotive sector recorded $717 million worth of deals in the April-June quarter, with investors favouring fewer but larger transactions in EVs, mobility and automotive technology

PE pivots to MedTech as hospital valuations soar; diagnostics gains

Private equity investors are diversifying into MedTech and diagnostics as rising hospital valuations temper deal appetite, even as India's healthcare sector continues to attract strong capital inflows

FADA says not a single E20-related complaint reported by dealers

FADA says its nationwide dealer network has not reported a single documented E20-related complaint and has launched an awareness drive to address customer concerns

Nissan bets on exports, targets fourfold growth in India sales by FY28

The Japanese automaker aims to sell 100,000 vehicles in India and export another 100,000 annually by FY28, with the new Tekton SUV expected to drive growth

Centre's IVF supply curbs to tighten oversight, formalise fertility sector

Executives say move unlikely to affect prices of IVF procedures

Weak rupee weighs on BMW India margins; further price hikes on the cards

BMW Group India said every Re 1 depreciation in the rupee against the euro trims its profit margin by about 1 per cent, prompting the company to consider further price increases

Tata Motors PV charts 10-fold growth plan by FY31, targets 20% market share

Tata Motors Passenger Vehicles aims to sell more than 1.2 million vehicles annually by FY31, with EVs contributing over 30 per cent of volumes and EBITDA margins in double digits

Mercedes-Benz eyes best-ever India sales in 2026 despite likely price hikes

Mercedes-Benz India expects record sales in 2026, banking on robust demand and a healthy order pipeline despite further price hikes driven by the appreciation of the euro

India's EV penetration tops 12% for first time in June, led by e2Ws

India's EV market crossed 12 per cent of overall vehicle retail sales for the first time in June, driven by record electric two-wheeler sales and broad-based growth across segments

India can emerge as a 'connector economy', says Anand Mahindra

Anand Mahindra says India is well placed to bridge geopolitical blocs, while Group CEO Anish Shah says artificial intelligence will power the conglomerate's next phase of growth

Mumbai hospitals weather heavy rains, but see rise in ambulance delays

Hospitals across Mumbai have maintained routine medical services despite heavy rains, but doctors report rising seasonal illnesses and slower ambulance movement due to waterlogging

Suzuki Motor Corp to double Kharkhoda plant capacity to 1 million units

Suzuki Motor Corporation will expand the capacity of its newly inaugurated Kharkhoda manufacturing facility in phases, reinforcing its long-term commitment to India

TaMo races to expand EV capacity; Sierra launch adds to supply pressure

Harrier EV demand is nearly double current production capacity as Tata Motors targets monthly output of 70,000 vehicles with expanded manufacturing and supplier ramp-up

Tata Motors eyes global top-four CV spot as Iveco acquisition advances

Chairman N Chandrasekaran says the combined Tata Motors-Iveco business could lift annual revenue to $35-40 billion in five years, boosting global scale and technology

GLP-1 rush exposes capacity crunch at India's drug manufacturing firms

Demand for GLP-1 drugs such as semaglutide is exposing capacity gaps across peptide APIs, sterile fill-finish facilities, injector devices and glass cartridges

Strides sells majority stake in Pivot Path to Ascent Capital-led consortium

Following the completion of the transaction, Pivot Path will be reclassified from a wholly owned subsidiary to an associate company of Strides

CV wholesale growth stayed strong in May; Icra sees moderation in FY27

Commercial vehicle wholesales rose 13.5 per cent in May, supported by GST cuts and a favourable base, but ICRA expects growth to moderate to 4-6 per cent in FY27

Zydus, Sunshine Healthcare form $20-million JV for Sri Lanka pharma plant

The joint venture will invest over $20 million in a pharmaceutical manufacturing facility in Sri Lanka to boost local drug production and reduce reliance on imports

DRL gets 7 observations after USFDA inspection of Hyderabad biologics plant

USFDA completed a pre-license inspection of the Hyderabad facility and issued a Form 483 with seven observations, which the company said it will address within the stipulated timeline